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42. Which should lead to an increased rate of economic growth due to increased development of...
Question 3 A higher saving rate will lead to increased economic growth because: it coincides with greater labour productivity. it means households are earning enough to consume high quality goods and services which give them a high standard of living. domestic saving will be used by the government for transfer payments. domestic saving is needed to fund domestic investment in new capital. domestic saving is used for future consumption.
Should Caribbean countries focus their economic development agenda on achieving economic growth or economic development? Give reasons for your answer. Areas to be covered: Your response should define economic development and economic growth Use examples to show why you have chosen one over the other
1. Describe the causative relationship between economic growth and economic development. You answer should be structured in terms of the general factors necessary for economic growth. 2. Under assumptions of the Harrod-Domar model, how does a decrease in capital-output ratio lead to the possibility of self-sustaining growth? 3. Using a Lewis labor surplus framework show graphically and explain how an increase in capital-augmenting agricultural (traditional sector) technology affects a country’s ability to achieve self-sustaining growth that is driven by modern...
Does economic growth always bring economic development? Name some of the countries which grow without development? What are the common characteristic(s) of these countries?
Please explain all questions. Thanks 52. Which of the following statements best illastrates economic growh? a. An increase in the quantity of abour always leads to cconomic growth. b. Increased education adds to the stock of human capital, NOT unlike building factories, which adds to the stock of physical capital c. A decrease in the peoductivity of labour leads to economic growth d. An increase in the minimam wage will always lead to economic growth 53. Which of the following...
Which of the following is most likely to contribute to economic growth as measured by GDP per capita A. Rapid population growth B. Increased stock of physical capital C. Business cycles peaks The point of a fluctuation at which economy turns from a trough to a peak is called a/an___ A. Recession B. Peak C. Expansion According to growth accounting studies, the most important in economic growth is A. Technology. B. Education. C. Investment in physical capital.
Problem 9: Which of the following statements about the role of institutions in economic growth is TRUE and which of the following statements is FALSE? Explain. (a) Higher expropriation risk due to low-quality governance and poor insti- tutions might account for low levels of human and public capital in poor nations (b) The quality of institutions in countries colonized by Europeans is corre- lated with whether climate/disease allowed European settlers to live in those areas (c) Low-quality institutions make it...
one of the following has more probability to increase the economic growth of a country. which one? Question 24 1 pts One of the following has more probability to increase economic growth of a country. Which one? increased capital formation o an increase in marginal tax rates O the imposition of tariffs and quotas on imported goods rapid population growth « Previous
Which is a factor that drives economic growth? Group of answer choices Increased human capital. Decreased unemployment. Improved investment opportunities.
QUESTION 42 If there are large fixed costs due to research and development, perfect competition does not generate new ideas because o a. the government does not adequately fund innovation b. with monopolistic competition, prices are equal to the marginal cost minus a markup c. firms need to recoup these costs through higher profits O d. with monopolistic competition, prices are equal to the marginal cost O e. perfectly competitive firms always set prices lower than the marginal cost QUESTION...