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- Please no written by hand solution Assume a society consists of two economic? groups: one group is rich and the other group is poor. Suppose that 50 percent of the population is rich while the other 50 percent of the population is poor. Consider two scenarios. Scenario? A: The rich have ?$60000 ?each, while the poor have ?$2000 each. Scenario? B: The rich have ?$7500 ?each, while the poor have ?$750 each. If you only care about average income and not about? equity, you would prefer ? a or b ?, which has an average income of ?$ ________. ?(Enter your response to the nearest dollar?.) Now suppose that you only care about equity or inequality. In this? case, you would prefer ? Scenario B or Scenario A ?, which has a? rich-to-poor ratio of ________. ?(Round your response to one decimal place?.) ?Finally, suppose you only care about living standards. In this? case, you would prefer ? Scenario B or Scenario A because it has lower poverty.1) What's the opportunity cost of a typical college education? What's your personal opportunity cost? 2) Compare earning potentials between high school and college graduates through lifetime active careers. 3) What's your opinion about staying or dropping out from college? Will the possible forgiveness of student loans affect your decision on staying in college? 4) Since the future will be highly technology-oriented, will higher education be very necessary? Because the robot with artificial intelligence can replace many jobs of human labor in the future. 5) On the other hand, suppose you are a brilliant, successful value investor of young Warren Buffett who is a founder of Birkshire Hathaway(BRK.A). You think that a college education is unnecessary because the opportunity cost of staying at a college is too expensive. The reason is that the financial gain of investing in one company with your college tuition will be far greater than the earning potential with a college degree for the…4. Only people who have certain natural talents can be Entrepreneurs. 5.Entrepreneurs are extreme risk takers 6. Entrepreneurs seek success but experience high failure rates 7. Ignorance is bliss for Entrepreneurs 8. All Entrepreneurs need is luck 9. Money is what the Entrepreneurial venture need to survive 10. Entrepreneurs must fit the standard Entrepreneurial profile
- The socialist movement is the largest among the significant opposition against economic globalization and thecapitalist system. It is known to have two major blocs, the Anarchists and the Communists. Research more on thesetwo socialist forces. What are their commonalities? What are their differences? What are their views towardsglobalization?Describe the business environment in the city or country that you live in. You should explain whether the businessenvironment encourages or inhibits business activity. Justify your view with the use of examples. In addition, youshould examine four different industries and describe the type of market structure that exists in each of theseindustries. You should explain whether there is much or little competition and why? Based on your answers above,discuss the effects that the above business environment has on consumers and society in general.Consider the circular flow model: suppose that businesses buy a total of $220 billion of the four resources (land, labor, capital and entrepreneurial ability) from households. If households receive $120 billion in wages, $24 billion in rent, and $49 billion in interest, how much are households paid for providing entrepreneurial abiltity? A. $360 billion B. $60 billion C. 27 billion D. $100 billion
- A.)Why Is the private ownership of resources such an important characteristic of a capitalist economic system?How do different economic actors (consumers, workers, businesses exercise “Freedom of Choice”? B.)How do different economic actors pursue self-interest?What are the main characteristics of a perfectly competitive market?What is the role of government in promoting entrepreneurship in the Philippines? Explain one program of the government for the development of MSMEs.1. Why we should be prioritize the Gender Equality? 2. Why we should give importance the Gender Equality? 3. What is Republic Act 9710: The Magna Carta of Women? What is its purpose? 4. Why we should allocate 5% minimum to gender programs? 5. Up to what extent of 5% Gender Equality Basis? 6. Should we continue or stop promoting gender equality?
- (Answer in short) 3. What are different innovation concepts which have been unified by the Unified theory of innovation? Segment a typical market within the context in detecting and strategizing disruptive innovation opportunity. 4. Answer following two questions. a. Why are not innovations benign? b. Why are innovations more than Eureka moment?Defining creativityExplain to the reader what creativity is. Provide a referenced definition. You may want to discuss how this definition is the same as, or different to, some of the many other definitions of creativity.3. What obstacles might prevent poor people, either in the United States or elsewhere, from improving their lives through microfinancing? Might the government have a role to play in removing those obstacles?