Japan mainly consists of a mixed market economy. Which group owns most of the land, resources, and factories in Japan? A. Local governments B. Non-profit organizations C. Businesses and private individuals D. National government

Q: Who first developed the theory that the size of the market would encourage specialization and lead…

A: Specialisation and higher productivity principle was introduced by classical economists.

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A: Meaning of Economics: The term economics refers to the situation under which there remain…

Q: Which of the following answer is correct ? Factor of production: getting a loan through a local…

A: The inputs which are needed to produce a good or a service are known as factors of production. They…

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Q: market economy is regulated by the interaction between which two things    A.Goods and services…

A: A market is a platform where buyers and sellers interact to buy and sell goods and services.

Q: An ________ is someone who starts a new business or introduces new products into the economy

A: Meaning of Managerial Economics: The term managerial economics mainly focuses on the…

Q: Human capital is defined as: a. The skills and education that make workers more productive b. The…

A: Human capital refers to skills and experience of workers. It is also one of the factors affecting…

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Q: art A. What is the primary determinant of a countries productivity? Part B. What can the government…

A: Part A To major productivity rate of any country calculated as output per unit of input. Generally,…

Q: Consider a simple economy whose only industry is fishing. In this industry, productivity-the amount…

A: Here is the solution,

Q: What are the four basic factors of production? Provide at least one example of each factor of…

A: Production is the process of creating goods and services that satisfy human wants and needs using…

Q: What happened to each of the following as a result of drought in Mexico in 1808 -1809?  a.…

A: a. The drought is the situation in which the economy lacks the rain for a long period of time and as…

Q: A fast-food company spends millions of dollars to develop and promote a new hamburger on its menu…

A: Costs are the expenses that a business or a firm incurs in its production activities. It is an…

Q: Discuss the basic principles of a Mixed economy. Describe what a Market Economy and Planned Economy…

A: In a planned economy, there exists a national institution that defines or plans the way the economy…

Q: Productivity measures: Select one: a. per unit production costs.  b. the changes in real wealth…

A: The term 'productivity' is primarily used in t he production process because it explains the ability…

Q: (6) List and describe the 4 types of economic systems. I your description, be sure to define what an…

A: 6)4 types of economic system a)Planned economic system b)Unplanned economic system c)Mixed economic…

Q: The Norway spruce trees that are grown in Christmas tree farms are considered? A. Land B. Capital C.…

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Q: Spending four years in college in order to improve your employment opportunities and obtain a higher…

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Q: Which of the following is a positive economic statement? A. Unemployment insurance payments…

A: Positive economic statements are statements or claims about the way the economy operates, which can…

Q: An example of an economic entity is a: a. town. b. business. c. non-profit hospital. d.…

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A:

Q: Natural resources are: more important determinants of productivity today than ever before. the…

A: Natural Resources are defined as the resources that occur in nature and are used for consumption and…

Q: In the following table, match each example to the productivity determinant it represents. Human…

A: Human capital is the economic value of skill set, knowledge and the training that is possessed by an…

Q: Physical capital is the factories and machinery used to produce other goods and services. ● ● ● ●…

A: Actual CAPITAL or physical capital ARE THOSE PHYSICAL INPUTS WHICH ARE FURTHER USED IN THE…

Q: Identify the three main types of economic activities. Then tell one way that all three are similar…

A: Identify the three main types of economic activities:- Primary sector activities:- All activities…