Q14 Which of the following best describes the catch-up effecf?O It is easier for a country to grow fast and "catch up" with richer countries if it starts out relatively poor.Saving will alwaya "catch up" with investment spending.If investment spending is low, increased saving will help investment to "catch upO Rich countries aid relatively poor countries no as to help them "catch up."

There exists diminishing returns to capital, that is after a certain point, increase in capital will…

Answered: Which of the following best describes…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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The Great Recession of 2007-2009 hit young people particularly hard, with long-lasting effects. The U.S. unemployment rate for 20- to 24-year-olds went from 8.5% in 2007 to 16% in 2009, stayed above 13% through 2012, but fell to 7% by the first half of 2018. As a result, more adult children moved back to live with their parents or asked for financial help than in previous years. The share of 25- to 34-year-olds living in multigenerational households rose from 11% in 1980 to 15% in 2016. A recent survey finds that 41% of parents provide financial support to their 23- to 28-year-old offspring. Indeed, parents give 10% of their income on average to their adult children. Mimi wants to support her son Jeff if he looks for work but not otherwise. Jeff (unlike most young people) wants to try to find a job only if his mother will not support his life of indolence. Mimi and Jeff's payoff matrix is illustrated in the figure to the right. If Jeff and Mimi choose actions simultaneously, what are…
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A French citizen bought a house in London and rents out the house to local Londoners. O The purchasing expense will be recorded in the UK BOP capital account, and the rental income will be recorded in the UK current account. O Both the purchasing expense and the rental income will be recorded in the French BOP current account. O The sale proceeds will be recorded in the UK BOP capital account, and the rental payments will be recorded in the UK current account. O Both the sale proceeds and the rental payments will be recorded in the UK BOP current account.
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Due to the pandemic, the Malaysian government had announced total lockdown known as MCO in the country whereby everyone is required to (c) work from home until further notice. Lesser movements are allowed on the roads and the security is tight on this matter. Due to this scenario, there is a sudden increment of the birth rate in a small town in Seremban. It is almost double from previously. After 4 years, the birth rate is expected to normalize. Use demand and supply diagram to illustrate the effect of these events linking with the following statements. (i) The market for an hour of babysitting services in Seremban during the rise of birth rate. (ii) The market for an hour of babysitting services 20 years in the future, after the birth rate has been normalized. Assuming the children born today are old enough to work as babysitters. The market for an hour of babysitting services 30 years into the future, when children born today are likely to be having children of their own. (iii)
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In October 2015, amid rising fears about the security of credit card transactions, financial institutions and businesses made the transition to using chip cards. Unlike the quick swipe of a magnetic stripe on the back of traditional credit and debit cards, chip cards have to be left inside the terminal while the embedded chip verifies the transaction. While there is no consistent method for measuring transaction speed, news agencies report average chip speeds of anywhere from 8 seconds to 13 seconds. The switch to chip readers was precarious, with many businesses taping over the chip card slots in the terminals until the kinks were worked out. Even after a year, some businesses still could not process chips and continued to utilize the magnetic stripe for transactions. Financial institutions thought the additional security benefits of the chips would overshadow the added wait times. Yet a survey conducted by Harbortouch, a leading point-of-sale company, in 2016 showed that nearly four…
If a TV show has a rating of 8.0/16.0 what does it mean? а. 8% of all televisions in use at the time were tuned to that show, and 16% of all households with a TV were tuned to that show b. 50% of all households with a TV set were tuned to that show с. 8% of all households with a TV set were tuned to that show and 16% of all televisions in use at the time were tuned to that show d. 50% of all televisions in use at the time were tuned to that show

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