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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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- Consider a simple economy whose only industry is fishing. In this industry, productivity-the amount of goods and services a worker can produce per hour-is measured by the number of fish one fisherman catches per hour. In the following table, match each example to the productivity determinant it represents. Human Capital Examples A route fishing boats can follow to maximize their catch at different points in the day The boats in the fishing fleet The fertile waters in which the fish feed and breed The skills workers develop through training before working on and piloting boats Natural Resource Physical Capital Technological KnowledgeWhich of the following situations is not a macroeconomic objective? a. economic efficiency b. economic growth c. balanced budget deficit d. equitable distribution of income 2. Which of the following is an essential factor for the continuous growth process in the economy? a. government planning for what the country will produce b. the absence of private property c. research and development of new technologies and investment in new capital d. government intervention in economic activity 3. Which of the following alternatives measures the standard or standard of living? a. real gross domestic product b. per capita gross domestic product c. gross national product d. disposable incomeCreate 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.
- I need help soon as possible can you explain"Innovation by the Entrepreneur" argued Schumpeter, leads to gales of "creative destruction" as innovations cause old inventories, ideas, technologies, skills, and equipment to become obsolete. The question is not "how capitalism administers existing structures,…[but] how it creates and destroys them." This creative destruction, he believed, causes continuous progress and improves the standards of living for everyone." Joseph Alois Schumpeter, 1883-1950Links to an external site. In terms a little more modern than Shumpater's, Dr. Abhijeett Desai explains that the predominant form of innovation can look disruptive, but is, in fact, transformational innovation. Explore Dr. Desai's thinking in Transformative Innovations vs. Disruptive InnovationLinks to an external site..Economic 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.
- 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 millionsWhat happens in the steady state to the capital-labor ratio, output per worker, and consumption per worker when each of the following events occur? You should assume that the steady-state capital-labor ratio is below the Golden Rule level.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%..
- Economic growth is represented on a production possibilities frontier model by the production possibilities frontier shifting outward. shifting inward. becoming steeper. becoming flatter.TRUE or FALSE 11. A high fertility rate reduces the per capita income, be it the Gross National Income per Capita or the Gross Domestic Product per capita. 12. The natural environment can bring about an increase or decrease in the population growth rate. 13. Rapid population growth does not necessarily reflect market failure. 14. Urbanization and localized economies lead to resource immobility 15. The most relevant advantage of locating a firm in an Industrial District is knowledge spillover. 16. The K -12 Program added years to basic education but Philippines student learning still lags behind many East Asian countries. 17. Investment in human capital is beneficial in the short run but investment in physical capital is beneficial in the long run. 18. Centralized urbanization leads to underdeveloped peripheral economies. 19. Improving hard infrastructures rather than soft infrastructures is absolutely a…Describe the present day global innovation economy
