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How do you suppose the demographics of an aging population of “Baby Boomers” in the United States will affect the demand for milk?
The demographics of an aging population of “Baby Boomers” in the United States will affect the demand for milk in such a way that the demand will go down. This...
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Suppose USA has a high average wage level and a high level of output per person, while China has a low average wage level and low level of output per person. Which Country can benefit from trade?
China, a country with low wage level and low level of output will benefit from trade in this case China, because there is a larger opportunity gap in the market....
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suppose the united states exports $ 1 billion dollars worth of goods and imports $ 2 billion worth of goods, its capital account should be what?
In Capital account we would see net export. We know that net export can be calculated as following, Export-Import. In capital would be = $1 billion - $2 billion =...
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Suppose the population of the United States increases. What will happen to the demand for national defense? What will happen to the efficient quantity of defense?
If the population increases, the demand for national defense will increase, as more people will need to be safe. So, the efficient quantity of defense will be increased to apply...
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If the US government has heavy spending would this massive spending cause 1) the real wage to rise 2) the nominal wage to rise 3) both 4) neither
Massive government spending by the government will lead to increase in inflation which will increase nominal wage rate but real wage rate will decrease as ( real wage rate =...
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i wanna ask, what are the effect of an increase in human capital on the equilibrium values of real wage and employment?
Increases in human capital will cause the equilibrium wage to fall.Increases in human capital will cause the equilibrium level of employment to rise.
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. In Harrod Domar model, suppose the savings rate is 20% and capital output is 4. The population rate of growth is 4%. What is going to be the growth path of this economy? Explain
If the savings rate is 20% and capital output is 4, then the growth path of this economy is G = s/C = 20/4 = 5%.
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Consider the demand and supply of labour in the sugar industry. If there is a minimum wage in this industry (above equilibrium wage/price), then the effect of removing this minimum wage would be to
If there is a minimum wage in this industry (above equilibrium wage/price), then the removal of this minimum wage would decrease the equilibrium wage, and the actual equilibrium quantity will...
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Livelihood assest do not include A.None of the above B.Physical capital C.Human capital D.Social capital
Livelihood assets include physical, human, and social capital.
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Livelihood assets do not include _____________. A) None of the below. B) Physical capital. C) Human capital. D) Social capital.
Livelihood assets do not include none of the below.
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