Why might it be necessary to reduce consumer spending in order to attain faster economic growth?...
Why might it be necessary to reduce consumer spending in order to attain faster economic growth? Would it be worth the sacrifice?
Homework Answers
To increase economic growth it may be necessary to produce more capital. As a result, it may be necessary to reduce output of consumer goods so resources are available to produce more capital goods. Whether it is worth the sacrifice depends on which one society values more, current consumption or future consumption.
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Why might it be necessary to reduce consumer spending in order
to attain faster economic growth?...
Technological advancement in firms is necessary to promote business growth and competition. Technological advancement will reduce...
Technological advancement in firms is necessary to promote business growth and competition. Technological advancement will reduce market uncertainty and narrow income disparities. It can also reduce the need for government intervention during an economic crisis. Do you agree/disagree that technological advancement can improve business growth? GRAPH: Demonstrate with a graph the effect of technology on supply in this industry - submit graph
Which of the following would encourage faster economic growth? Group of answer choices high and variable...
Which of the following would encourage faster economic growth? Group of answer choices high and variable inflation low and variable inflation low and stable inflation high and stable inflation
Why is economic growth key for countries who want to escape poverty? Your Answer: A higher...
Why is economic growth key for countries who want to escape poverty? Your Answer: A higher rate of economic growth is a result of increasing productivity: meaning more goods are produced per person which increases incomes; escaping poverty faster. How do institutions increase total factor productivity (TFP) and create incentives for economic growth? Your Answer: Enter answer 4 The "institutional theory" suggests that by establishing property rights, free and open markets, and the rule of law, a country will create...
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...
Why might long-term interest rates go down at the same time that the Federal Reserve pushes...
Why might long-term interest rates go down at the same time that the Federal Reserve pushes short-term rates up? Faster expected population growth Expectations of a recession Faster expected economic growth Higher inflation expectations
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1) Which of the following is NOT an argument about economic growth presented in this class?...
1) Which of the following is NOT an argument about economic growth presented in this class? Group of answer choices A) Economic growth is desirable B) Economic growth is not desirable C) Economic growth is necessary but is NOT desirable in any way D) Economic growth is not only desirable but also necessary E) All of the above are arguments presented in this class 2) One argument concerning economic growth made the following argument. Without economic growth, there would likely...
Why might the molecular clock run faster for some lineages and not others? What hypothesis would...
Why might the molecular clock run faster for some lineages and not others? What hypothesis would be consistent with an observed pattern of faster molecular evolution? Or slower molecular evolution?
Why would an employed consumer cut spending when other workers were being laid off?
Why would an employed consumer cut spending when other workers were being laid off?
Why is economic growth key for countries who want to escape poverty? Your Answer: A higher rate of economic growth is a result of increasing productivity: meaning more goods are produced per person which increases incomes; escaping poverty faster. How do institutions increase total factor productivity (TFP) and create incentives for economic growth? Your Answer: Enter answer 4 The "institutional theory" suggests that by establishing property rights, free and open markets, and the rule of law, a country will create...
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...
Why might long-term interest rates go down at the same time that the Federal Reserve pushes short-term rates up? Faster expected population growth Expectations of a recession Faster expected economic growth Higher inflation expectations
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