Consider Table 1 above. Which country has a greater standard of living?      A) Uruguay       B) Paraguay       C) Uruguay and Paraguay have equal standards of living.       D) Impossible to say

Q: Which countries will have a better standard of living? a. Those in poor countries b. Those with low…

A: Developed countries has higher GDP per capita which means that the output produced by people of…

Q: Describe India's efforts to control its population growth. Describe China's population control…

A: India and China are the two most population nations on the planet, and both have carried out…

Q: What do you mean by a mixed economy?  a) Modern and traditional industries  b) Public and private…

A: Economics is an understanding of the usage of resources and how we can make those resources valuable…

Q: Country H is labour-abundant and country Fis capital-abundant if Select one: a. Country H has more…

A: The process that depicts the conversion of inputs into outputs is known as production. This process…

Q: Contrast Turkey and India in terms of regional income and disparity and state the policies that can…

A: Regional inequality is a topic of interest not just to economics but also to sociologists. Regional…

Q: untries? a) Country 1 has a higher savings rate b) Country 2 starts out with a…

A: Capital good raises the productive capacity over the long run but in short run consumption level…

Q: The six most populous countries in the world:   a. all achieved per capita economic growth between…

A: The six most populous countries in the world are Brazil, Indonesia, the United States, Pakistan,…

Q: n Lima one worker can produce either 32 bushels of corn of 8 pounds of tomatoes in one day.  In Puma…

A: The absolute advantage is the advantage that an economy has over the other economy in producing a…

Q: Suppose country A has 8000 units of capital and 2000 units of labor while country B has 6000 units…

A: Capital labor ratio = K/L

Q: Which country's labor force has a lower productivity?      A) Uruguay       B) Paraguay       C)…

A: The labor productivity is an amount of GDP produced by 1 hour of labor and is measured by dividing…

Q: Capital Labor United States 75 Machines 225 Workers Brazil _(B)____ A) Brazil or United States B)…

A: We have to check labour-capital(L/K) ratio for both countries

Q: Suppose labor and capital are the only two factors of production. If Malaysia has 3% of the world’s…

A: Here, it is given that an economy has two factors of productions that are labor and capital. It is…

Q: Are rapid economic growth and more equitable distributions of income compatible or conflicting…

A: The reasonableness of the market system might assist with keeping the pay appropriation genuinely…

Q: With the help of a table, explain the  differences between few different classifications of…

A: The world's different economies àre classified into four different income groups by the World Bank…

Q: Differentiate between Labour - Saving and Capital - Saving technological progress [TP]. Which TP is…

A: The most significant aspect that influences the pace of economic development is technological…

Q: Indicate whether each of the following statements is true or false. a. Country A's labor share is…

A: Labor share and its growth depends on the technological growth and capital. Higher capital leads to…

Q: a. What could be the reason why huge disparity exists in the world today? b. What could be the main…

A: The unequal distribution of wealth, income, and other economic resources among individuals,…

Q: Countries X and Y have the same amount of labour and the same level of technology, but country X has…

A: Labor productivity: It is the measure of how efficiently labor is used in production and is…

Q: Suppose country A has 5000 units of capital and 2000 units of labor while country B has 6000 units…

A: Capital labor ratio is the ratio that measures the capital intensity of an organization with respect…

Q: By moving from point A to point D, this nation is giving up Capital goods A A B C D E Neither Both B…

A: The PPC illustrates the concept of opportunity cost, which is the cost of one option in terms of the…

Q: Outline the main factors which determine the level of productivity in a country

A: Productive of a country is determined by the level of goods and services manufactured in the…

Q: 1) Complete the table. Please note that the world price of T in terms of S is 1,2 and GDP calculated…

A: The GDP is an indicator of a nation's economic production during a given time frame, often one year.…

Q: Mention two factors which cause the rapid growth in population in South Africa

A: South Africa is a nation of 60 million people (estimated). It is very interesting to know that its…

Q: Productivity refers to the amount of goods and services produced in a certain country. Select one:…

A: The amount of goods and services produced in a certain country is called production.

Q: 385 Economic Development 2) (i) Briefly describe the policies to promote Import Substitution…

A: An economic theorem that is adhering to by developing countries that wish to decrease their…

Q: What strategy will help boost economic development of the country; is it import substitution or…

A: Import Substitution- It is a policy adopted by the nation to reduce imports and to decline…

Q: Discuss briefly the common economic goals of a country.

A: Every country in the globe has set goals for itself to achieve in order to become an ideal and…

Q: Poverty is endemic in some PICs such as PNG, Solomon Islands and Fiji to some extent. What do you…

A: A person or community is said to be in a state or condition of poverty if they lack the financial…

Q: 3 Explain the benefits of gaining international business experience and working as an expat

A: A business is a firm that buys or sells goods and services at the market price in the market. It…

Q: Scenario: Country A has one of the highest real GDP while Country B has one of the highest real GDP…

A: The market value of all final goods and services produced in the economic territory of the country…

Q: 1. Give the top job that Filipinos most do often when they are migrating in developed countries.

A: Money has been evolved since long time back and currently money is used in the form of currency with…

Q: False or True The living standards of nations with low real GDPs per capita today will always be…

A: Real GDP per population has a negative association with growth rate; if one is greater then the…

Q: _____ would most likely result in the economic growth of a nation. A. A decrease in the…

A: Economic growth of a nation is mainly the result of gains from trade, discovery of better approaches…

Q: Capital per person in France is about 81 percent of the U.S. level and per capita income is about 79…

A: TFP assesses how effectively inputs like labor and capital are combined to generate output. It is a…

Q: What is the connection between individualism, collectivism and economic development in a country? Is…

A: Answer (1) An individualist society favors loose ties between individuals. Everyone is expected to…