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Explain each of the following Institutional Sectors of the SNA.
v)Households sector- (including incorporated enterprise within households)
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- Folder - Google Dri Which of the following statement is true? In an individualistic society, an individual's identity is fundamentally tied to the identity of his or her group O In an individualistic society, ties between individuals are very strong In an individualistic society, an individual's identity is fundamentally his or her own In an individualistic society, collective accomplishments are more important than individual accomplishments Which of the following statement is true? * Social mobility, refers to the degree to which members from a collectivist society move to an individualist society Social mobility refers to the degree to which members from a lower social category move to a higher social category Social mobility refers to the degree to which people from emerging economies move to developed economies Social mobility refers to the degree to which people from developed economies move to emerging economiesExplain each of the following Institutional Sectors of the SNA. iv)Non-profit institutions serving Households Sector v)Households sector- (including incorporated enterprise within households)Why does the general public often refer to the cost-of-living index?
- whats the difference between marginal physical product (MPP) and the marginal rate of subsitution (MRS)?What is the importance of the ‘third sector or voluntary sector/community sector (also non-profit sector or ‘not-for-profit’ sector)?What are Institutional Units? Institutional Units are sub-divided into 2 main categories. Define each of the two categories.
- Which of the following functions are not performed by households? 1. Suppliers of Labour2. Production of Market Goods and services3. Suppliers of Non-Market Services 4. EntrepreneursDefine the term households.For each of the following sectors, identify (no explanations needed) the most important determinant/factor in its R (bid rent curve): • manufacturing sector: • office sector: • household sector:
- Choose a business organization in Zambia and critically discuss its application of market segmentation highlighting the major segmentation variables.Assume you are an economist at Ministry of Economy. During the budget consultations, a participant suggested that the government should consider using income tax as a tool for improving productivity. The Principal Economic Planning Officer has directed you to provide him with the analysis of the impact of income tax changes on labour market. Using relevant diagram(s) illustrate and discuss the implications of changes in the income tax on labour market.Which type of income is composed of both the labour income and capital income of those person who provide both labour and capital services One word
