Homework Answers
Economic growth simply is measured as an increase in the production of goods and services. A rise in the production of goods and services raises the level of economic growth. Production of goods and services is achieved through the massive investment in capital goods. Capital goods help in the production of further goods and services.
Thus, when more investment is made in capital goods, the more economic growth is likely to come by in the near future. Though the investment in capital good is considered inevitable for economic growth, the resources are limited in society or country. Thus, decision-makers have to decide between the consumption good and capital good. More production of capital good leaves the fewer resources for consumption in present. Hence, present consumption is sacrificed to achieve higher economic growth over the long run or future.
Add Answer to:
please explain.
questions: Why is investment in the production of capital goods important to an economy;...
An economy produces two goods: capital goods and consumer goods. Points on the production possibilities curve...
An economy produces two goods: capital goods and consumer goods. Points on the production possibilities curve appear below: 2. roduction alternatives Capital ds per period Consumer goods per period 2018 14 8 A. If the economy is producing at alternative X, the opportunity cost of producing at Y instead of X is period a. 0 C. The production of 14 units of consumer goo and 1 unit of capital goods per period would a. result in full employment b. result...
The opportunity cost of every investment in capital goods is Group of answer choices current consumption...
The opportunity cost of every investment in capital goods is Group of answer choices current consumption (consumer goods). future consumption (capital goods today). absolute advantage. comparative advantage. scarcity.
Use the production possibilities frontier (PPF) to demonstrate economic growth. 1. With consumption goods on one...
Use the production possibilities frontier (PPF) to demonstrate economic growth. 1. With consumption goods on one axis and capital goods on the other, show how the combination of goods selected this period affects the PPF in the next period. 2. Extend this comparison by choosing a different point on this period’s PPF and determining whether that combination leads to more or less growth over the next period.
Two countries, Alpha and Beta, have identical production possibilities frontiers. Capital goods (per person) If Alpha...
Two countries, Alpha and Beta, have identical production possibilities frontiers. Capital goods (per person) If Alpha produces at point A and Beta produces at point B, then _ O A. Alpha's and Beta's economic growth rates will be the same O B. Beta's future consumption will be less than than Alpha's O C. Alpha consumes more than Beta today, but it will grow slower than Beta OD. Alpha's economic growth rate will exceed Beta's PPF Consumption goods (per person)
1. Assume that an economy described by a Solow model has a per-worker production function given...
1. Assume that an economy described by a Solow model has a per-worker production function given by y- k05, where y is output per worker and k is capital stock per worker (capital-labor ratio). Assume also that the depreciation rate δ is 5%. This economy has no technological progress and no population growth (n 0). Both capital and labor are paid for their marginal products and the economy has been in a steady state with capital stock per worker at...
Please explain all questions. Thanks 52. Which of the following statements best illastrates economic growh? a....
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...
(i) Explain what is meant by an aggregate production function? (ii) What is technology and why does its growth contribut...
(i) Explain what is meant by an aggregate production function? (ii) What is technology and why does its growth contribute to improved living standards? (iii) Why do economists claim that technology played a large role in the economic growth of the past 200 years? (iv) Explain why technology includes different ways in which to organise a firm. (v) What is wrong with a growth policy that focuses on capital formation rather than technology? (vi) How do property rights affect economic...
Exhibit 2-1 Production possibilities curv e data Consumption Goods Capital Goods 10 4 4 In Exhibit...
Exhibit 2-1 Production possibilities curv e data Consumption Goods Capital Goods 10 4 4 In Exhibit 2-1, why is the opportunity cost of producing the fourth unit of capital 4 units of consumption goods but ty cost of producing 4 units of capital is 10 units of consumption goods? Because the opportunity cost of capital goods is constant while the opportunity cost of consumption goods is g as this economy moves from more consumption goods to more capital goods. Because...
Why is understanding the relationship between the cash conversion cycle (CCC) and net working capital important to...
Why is understanding the relationship between the cash conversion cycle (CCC) and net working capital important to the contemporary business executive? Explain ways in which executive decisions regarding the CCC and net working capital can affect a company, both adversely and beneficially. Support your response with a specific example from the business world.
Why is understanding the relationship between the cash conversion cycle (CCC) and net working capital important to the contemporary business executive? Explain ways in which executive decisions...
Explain the function of the goods and services market and the factors of production market in...
Explain the function of the goods and services market and the factors of production market in the Circular Flow Model. Explain both real and money flows and the role of prices in both the product and factor markets. Using an example, explain why the production possibilities frontier is bowed outward. Use the production possibilities frontier to explain fully economic growth, efficiency, and inefficiency. Suppose that China can use cheaper labour to produce every product more cheaply than Canada. Explain why...
An economy produces two goods: capital goods and consumer goods. Points on the production possibilities curve appear below: 2. roduction alternatives Capital ds per period Consumer goods per period 2018 14 8 A. If the economy is producing at alternative X, the opportunity cost of producing at Y instead of X is period a. 0 C. The production of 14 units of consumer goo and 1 unit of capital goods per period would a. result in full employment b. result...
Two countries, Alpha and Beta, have identical production possibilities frontiers. Capital goods (per person) If Alpha produces at point A and Beta produces at point B, then _ O A. Alpha's and Beta's economic growth rates will be the same O B. Beta's future consumption will be less than than Alpha's O C. Alpha consumes more than Beta today, but it will grow slower than Beta OD. Alpha's economic growth rate will exceed Beta's PPF Consumption goods (per person)
1. Assume that an economy described by a Solow model has a per-worker production function given by y- k05, where y is output per worker and k is capital stock per worker (capital-labor ratio). Assume also that the depreciation rate δ is 5%. This economy has no technological progress and no population growth (n 0). Both capital and labor are paid for their marginal products and the economy has been in a steady state with capital stock per worker at...
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...
Exhibit 2-1 Production possibilities curv e data Consumption Goods Capital Goods 10 4 4 In Exhibit 2-1, why is the opportunity cost of producing the fourth unit of capital 4 units of consumption goods but ty cost of producing 4 units of capital is 10 units of consumption goods? Because the opportunity cost of capital goods is constant while the opportunity cost of consumption goods is g as this economy moves from more consumption goods to more capital goods. Because...
Why is understanding the relationship between the cash conversion cycle (CCC) and net working capital important to the contemporary business executive? Explain ways in which executive decisions regarding the CCC and net working capital can affect a company, both adversely and beneficially. Support your response with a specific example from the business world.
Why is understanding the relationship between the cash conversion cycle (CCC) and net working capital important to the contemporary business executive? Explain ways in which executive decisions...
Most questions answered within 3 hours.
-
1.
a. Why might the level of government debt affect the
government's incentives regarding money creation?...
asked 3 minutes ago -
As of August 2018, the unemployment rate for Americans whose
maximum attained level of education is...
asked 12 minutes ago -
What is the acceleration of a 4,500 kg rocket taking off from
the Moon, where the...
asked 13 minutes ago -
Browning Corp. has a project with the following cash flows. What
is the presnt value of...
asked 17 minutes ago -
what is the role of physcian in a hospitals revenue and cost flow?,
How do physcian...
asked 33 minutes ago -
Professionally and thoroughly comment on this code.
//BinarySearchTree.java
package Project.bst;
//imports required
import java.io.BufferedReader;
import java.io.FileNotFoundException;...
asked 40 minutes ago -
Overhead projectors and transparencies were used before
presentation software was developed. Most of the time, graphics...
asked 41 minutes ago -
include<iostream>
#include<cstring>
using namespace std;
char reg[30];
int main()
{
//char reg[30];
char DNA[30];...
asked 43 minutes ago -
Let X1, . . . , Xn be iid normal random
variables with µ unknown and...
asked 54 minutes ago -
how
many cesium atoms could be placed end to end along the diameter of
the penny?
asked 49 minutes ago -
Hi guys!
SOS - SOS - SOS
Time Sensitive: This assignment is due 11/15/2019 11:59pm
I'm...
asked 57 minutes ago -
HTML and css using notepad++
WHen you run the code, you will see a horizontal menue...
asked 54 minutes ago