Q.2 - Why is the mercantilist view more appropriate when thinking about a household's wealth than a nation's wealth?

Q: Discuss life expectancy  and the different factors that contribute .  How is the United States…

A: Definition: Life expectancy is a  proportion of the average time an individual is relied on expected…

Q: How is it that the problem of who to produce for is resolved in the capitalist system?

A: A capitalist system is an economic system that is run by the free enterprises of the market. In this…

Q: How does magna carta define small and medium enterprises?

A: Enterprises, in general, refer to organizations or businesses that are engaged in economic…

Q: Who wrote An Inquiry into the Wealth of Nations? a. Adam Smith b. Milton Friedman c. Aristotle d.…

A: Adam Smith was the Scottish philosopher and economist. He was born in June 1723 in Kirkcaldy, United…

Q: There have been several great entrepreneurs from the past and present that have helped to shape the…

A: People take the risks involved with entrepreneurship because it return a huge profit. If an…

Q: How is wealth produced in the industrial city?

A: Wealth is a collection of valuable economic resources that can be computed in terms of either real…

Q: Write detailed notes on community economic analysis

A: Community economic analysis refers to the systematic study and evaluation of economic conditions,…

Q: Who Owns the World’s Wealth?

A: The measurement of the value of all the assets that are of worth owned by a person. firm, community,…

Q: 1. What Is the relationship between a country's population and its available resources? O There is…

A: There are direct relationships between population and resources that are attracting the attention of…

Q: Large majorities in the 11 emerging and developing countries surveyed either own or share a mobile…

A: In microeconomics, the income effect measures the change in dd for a commodity due to change in an…

Q: . What metrics can help analyze the economic environment of a country?

A: Economic environment The phrase "economic environment" relates to all the exterior economic elements…

Q: How do you view entrepreneurship in terms of its importance and roles in our economy?

A: Entrepreneurship is the most efficient use of unused resources, labor, and money. Entrepreneurs take…

Q: 5. Use the knowledge of Economics you have gained so far from this course to explain the role of the…

A: According to the World Bank to analyze whether all opportunities are reaching the people of the…

Q: What is Diversification and why is it important? Write answer in four or more paragraphs

A: Investments are spread among a variety of financial instruments, sectors, and other categories as…

Q: 1.Would each of the following groups to be happy or unhappy if ringgit appreciated? Explain. A)…

A: The exchange rate is the rate at which one currency is exchanged for another currency. If one…

Q: a. Calculate the following ratios of real GDP per capita in 2000. i. Country B to Country A ii.…

A: a. Calculate the ratios of real GDP per capita in 2000i. Country B to Country A:ii. Country C to…

Q: 47. Which of the following is the reason behind the inequality of income distribution in India? (a)…

A: "Since you have asked multiple questions, we will solve first question for you .. If you want any…

Q: a) Suppose that there are two pre-industrial societies. These are identical in every way, except…

A: A theoretical framework for analyzing the functioning of pre-industrial society is provided by the…

Q: QUESTION 1 Assume a Cobb-Douglas production with capital share 1/3; total factor productivity equal…

A: Since you have posted multiple questions, we will solve the first one for you. If you want any…

Q: Harvey quit his job at State University, where he earned $45,000 a year. He figures his…

A: Given; Harvey's salary from job= $45000 His entrepreneurial income= $5000 Bonds he cashed in, to…

Q: Goods made by people in the past and now is used to produce other goods and services is called, a.…

A: In an economy, different types of capital is needed by the organizations during the production…

Q: compare to the actual data points on the graph? Which model do you think fits the data best and why?

A: Solution 1) Consider the above given that a) With the given endpoints viz.`(x1, y1)= (0,576673) and…

Q: Who has written " An inquiry into the nature and causes of the wealth of nations"  a) Alfred…

A: Wealth: It means the value of a property in monetary terms or exchangeable value.

Q: What is the individual’s human wealth? Total wealth?

A: Wealth: It is the estimation of the relative multitude of assets that are controlled by an…

Q: why Gross domestic savings (% of GDP) impact to Secondary education in a country ?

A: The savings of households, private corporations, and the government make up Gross Domestic Savings.…