What is land? What os the importance of land in our day to day life?

Q: Consider an individual who moves to Canada and brings with him his life savings of $60,000, which he…

A: Given the amount deposited in the Canadian bank = $60000 The overall change in deposits =? The…

Q: Externalities and Tax Incidence 1. Sketch a supply and demand framework for paved driveways. Who do…

A: Elasticity is defined in economics as the percentage change in one economic variable in response to…

Q: 620 6 10 590 540 485 380 220 10 20 30 40 50 60 70 Books a. What is gained by choosing to produce at…

A: Here in the given distuation, the graph shows the production of only only A when there is no…

Q: In the construction of a new housing development, which factor of production can be catrgorised as…

A: It is known that there are four factors of production. These are: Land Capital  Entrepreneur  Labor

Q: What will be produced in economic and how it will be produced?

A: The economic questions arise because of the scarcity of resources and the unlimited wants. Economies…

Q: How can social entrepreneurs help in improving the quality of life of peopr in a certain society

A: Social entrepreneurs: Social business venture is a methodology by people, gatherings, new…

Q: what is micro economy?

A: Economics is the study of how the scarce resources of society are exploited. Economics is a social…

Q: briefly explain how you can apply economics in your daily life. guidelines: • time management

A: Economics investigates how individuals, businesses, governments, and countries allocate resources.…

Q: What is produce.?

A: Let's think about the first issue: which goods should be produced, and in what quantities? Producing…

Q: What are the important forms of production?

A: The concept depicts the way in which businesses tend to take inputs and then convert them into…

Q: Which of the following would cause the long-run Phillips curve (LRPC) to shift to the left? Select…

A: The Phillips curve represents the relationship between the inflation rate and the rate of…

Q: Discuss “Land” as a special input of production?E xplain in deatail

A: Modern economists consider land as a special input of production, which can be used in several ways.…

Q: Q.3.1 Each of the transactions indicated South Africa's Balance of Payment account on the balance of…

A: In the terms of economic theory ,The balance of payments ( BOP ) comprises of imports and exports of…

Q: Question 4 Refer to the information provided in Table 22.6 below to answer the question(s) that…

A: Since you have posted a question with multiple sub parts, we will provide the solution only to the…

Q: What are the two important non-economic factors that should be considered?

A: Economic growth and development is necessary for the economy to alleviate poverty and other economic…

Q: For each quantity of tutoring sessions he could give, fill in the Total Revenue column in the…

A: An individual’s willingness to pay for each unit of the quantity he or she wishes to consume is…

Q: What are the 5 industry sectors?

A: ‘Industry’ refers to the specific group of business or companies. The term ‘sector’ indicates the…

Q: Three mutually exclusive design alternatives are being considered. The estimated cash flows for each…

A: Given data,

Q: What is production management an important activity?

A: Meaning of Microeconomics: The term microeconomics refers to the situation under which the…

Q: What are the 4 factors of production

A: The production function shows the technical relationship between factor of production and the output…

Q: We have discussed the following concepts in class: demand, supply, cost, opportunity cost, prices,…

A: "Since you have asked two questions, we will answer only first question for you. If you want other…

Q: Q.4.1 Read the excerpt in the textbox and use the information to answer the question below: Adapted…

A: Export and Import has direct impact on the value of exchange rate.

Q: In which situations a farmer can alter the inputs and how he can get maximum yield?

A: 1.To get maximum yield,farmers have to invest in inputs.There are input costs that farmers have to…

Q: What do you understand by people as a resource?

A: Human capital is defined as the economic value of the worker's education and training. To be…

Q: Why people consider the use of technological advancement harmful on the environment?

A: Technology is widely acknowledged as the primary driver of economic growth in countries, regions,…

Q: Timothy quits his job that pays $60,000 a year, to enrollin a 2 year graduate programme. His anual…

A: Opportunity cost is the next best benefit or alternative which is forgone to attain the current…

Q: What obstacles to transferring resourcest to India and Brazil is Xiaomi likely to experience, and…

A: Xiaomi is a leading smartphone manufacturing company, which is a China based company. Its main…

Q: how do we make the best use of the available resources

A: Scarcity: - it is a very basic problem of economics that is related to the limited availability of…

Q: It says that urban environment is complex? Why?

A: Rapid urbanization being combined with improvement in living standards is, in turn, stretching…