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This is associated with the Knowledge Economy:
A) The beginning of the settlement of people in towns
B) The beginning of the widespread use of computers
C) The beginning of the factory system
D) None of the above
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- Create an entrepreneurship and socio-economic development relationship mind map. In your relationship mind map, illustrate the interconnectivity of entrepreneurship and socio-economic benefits. NOTE THAT YOUR ILLUSTRATION SHOULD READILY SHOW THE INTERCONNECTION OF ENTREPRENEURSHIP AND SOCIO-ECONOMIC DEVELOPMENT. You may add short descriptions in your illustration to convey your point so that when the reader looks at it, they can readily understand the interrelationships.For each of the following scenarios, use the graphical depiction of the Malthusian model to illustrate what happens to a country’s population size and per-capita income in the short run and in the long run. a. Scientists discover a new strain of wheat that can produce twice as much grain per acre. b. A war kills half of the population. c. A volcanic eruption kills half the people and destroys half the land.I am having a problem with these four problems webdav/pid-1221589-dt-content-rid-8618514_1/courses/1678.201780/Assign2.pdf + Automatic Zoom : 19. Technological progress helps increase the productivity of labor, defined as the number of units of output produced per hour of labor. A rise in the productivity of labor in the production process, ceteris paribus, will cause A) the demand for the output to increase. B) the demand for the output to decrease. C) the supply of the output to increase. D) the supply of the output to decrease. E) None of the above is correct. Q Search 20. An economic recession with a decline in household incomes will negatively impact all retail businesses. A) True B) False 21. If we assume that the current equilibrium wage for low-skilled labor is $8 per hour and the minimum wage is increased from $5.75 to $7.25 per hour, then A) unemployment among low-skilled workers will increase. B) unemployment among low-skilled workers will remain unaffected. C) unemployment…
- Entrepreneurship is unique among factors of production because itEconomic growth is the process of Group of answer choices All of the above producing more agricultural products and more industrial products. increasing real output. expanding the production possibilities frontier.Countries with high per capita incomes are sometimes called affluent economies. Do these affluent economies face the problem of scarcity?
- Which of the following was the main result of the Great Leap Forward?The CCP eliminated collective farms People demanded an end to Communist policies China industrialized within a decade It caused a famine that killed tens of millionsA) Which of the diagrams above best explains improved technology in the production of cars? B) Which of the diagrams above best explains improved technology in the harvesting of grapes? C) Which of the diagrams above best explains overall improvements in productivity?Economic growth can result from Group of answer choices increased labor productivity. all of the above technology. more resources
- Which of the below statements is INCORRECT about about a specific market economy such as the U.S. (America), or market economies in general? Group of answer choices In market economies government bureaucrats direct everything from the number of bars of soap a factory can produce to the number who students who may study electrical engineering. Complex economies in which billions of transactions every day, the vast majority of which happen withou any direct government involvement. In the twentieth century in one market economy life expectancy increased from forty-seven years to seventy-seven, and infant mortality plunged by 93%..Go to a recent issue of The Economist magazine. In the back of each issue is a section called “economic indicators.” That section lists the most recent growth data for a substantial number of countries. Which countries around the world are growing most rapidly according to the most recent data? Which countries around the world are growing more slowly? Flip through the stories in The Economist to see if there is any explanation for the pattern that you observe. Write a brief essay on current general economic conditions around the world.The use of knowledge to improve productivity and enhance economic growth is known as Group of answer choices accumulation of physical capital. invention. innovation. All of the above