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- 9. Which example below allows nations to develop a higher GDP per capita income? O Governmental Restrictions O Humanitarian Aid State-Owned Farms O Skilled Workforce 4 5 8 9. 7.Overall, would it be more profitable for a business to follow the economic model or the socioeconomic model of social responsibility. Should therre be less?Non-high-income countries are found in O a. In Asia, Western Europe, North America, and Africa O b. It can be found in all parts of the world O c. In Africa, South America, Asia, and Western Europe O d. In Africa, Asia, Eastern Europe, and Latin America O e. In Africa, Latin America, North America, Asia, and Europe
- 1. Which of the following is a likely scenario following a prevalent increase in death from HIV/AIDS in the short run? A. Labor participation rate may increase. B. Labor participation rate may decrease. Labor participation rate may remain the same. All of the above. C. D.An emerging country is defined as a country that becomes more engaged with global markets as it grows while it is transitioning from a low income, less developed, often pre-industrial economy towards a modern industrial economy with high production and higher standard of living. If this country's economic growth, results in more negative impact on environment, which of the followings best describes the contribution of income size of the economy on environment. Income effect dominates the size effect. O Size effect dominates Income effect. Both Income effect and size effect have the same effect. O The relation is not definable. None of the abovePlease no written by hand solution Assume a society consists of two economic? groups: one group is rich and the other group is poor. Suppose that 50 percent of the population is rich while the other 50 percent of the population is poor. Consider two scenarios. Scenario? A: The rich have ?$60000 ?each, while the poor have ?$2000 each. Scenario? B: The rich have ?$7500 ?each, while the poor have ?$750 each. If you only care about average income and not about? equity, you would prefer ? a or b ?, which has an average income of ?$ ________. ?(Enter your response to the nearest dollar?.) Now suppose that you only care about equity or inequality. In this? case, you would prefer ? Scenario B or Scenario A ?, which has a? rich-to-poor ratio of ________. ?(Round your response to one decimal place?.) ?Finally, suppose you only care about living standards. In this? case, you would prefer ? Scenario B or Scenario A because it has lower poverty.
- Exercise D25 What role does government play in stabilizing the economy and what are the tradeoffs that must be considered?What policies can the government of a free-market economy implement to stimulate economic growth?What is the relationship between economic prosperity and democracy? O The probability that a new democracy is stabile is higher in more prosperous countries Economies in democratic states grow more rapidly than economies in non-democracies O The probably that a democracy is overthrown in a coup increases as prosperity goes up Authoritarian regimes are less dependent on economic prosperity for their survival than democracies
- Consider an economy consisting of traditional cottage industry with perfect competition andincreasing returns to scale manufacturing industry where urban dweller's demand may be moreconcentrated in manufactured goods in which a minimum of workers has to be employed givingrise to a different production functions for both industries. Wage rate may significantly varybetween cottage and manufacturing industry along with identical market price.How does industrialization create market failure so that public policy should initiate toswell the process of economic uplift? Even if there is homogeneity of wage rate betweentraditional cottage and manufacturing industries, Is there any way multiple equilibria may existwhen many product sectors invest at a time. Why or why not?The market system results in O cfficiency O an increased standard of living O All of these result from the market system. economic growth10 In transformationalism, countries become __________ a. All of these b. Powerless and powerful c. Powerful d. Powerless