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- What do economists mean when they refer to improvements in technology?3.Answer the questions below.a.Explain what “brain drain” isand what are the reasonsfor it.b.Explain what “brain gain” is, by evaluating it in terms of economic development.a. If “everyone used to be poor,” then how did some ancient civilizations afford to create massive buildings such as the pyramids of Egypt and the Buddhist statues of Afghanistan? "Everyone used to be poor" is a general statement regarding economic history with some notable exceptions, namely the civilizations that produced these monuments. Ancient civilizations lasted for hundreds of years. The political stability afforded by such longevity outweighed the lack of wealth these civilizations had. Ancient civilizations usually operated under a single ruler, allowing for more efficient allocation of resources than under decentralized power structures such as democracy or competitive markets. Civilizations that controlled many poor people could concentrate their limited wealth and labor resources toward one giant project.
- what specific educational reforms should be made to ensure that thepoor and middle-income students would have a greater chance to be admitted in thestate universities and colleges in the country?3. “A wider commitment to enforce "Buy American" laws”, would it count as positive economics or normative economics? Explain.1. Why might government be less capable than the market to do good? 2. The text makes it look as if maximizing output is the goal of society. a. Is maximizing output the goal of society? b. If the country is a Christian country, should it be? c. If not, what should it be? (Religious) 3. It has been said that “capitalism robs us of our sexuality and sells it back to us.” a. Does sex sell? b. Is sex used to sell goods from Land Rovers to tissue paper? c. Who, if anyone, is exploited in the use of sex to sell commodities? d. Are both men and women exploited in the same ways? (Feminist) 4. Thorstein Veblen wrote that vested interests are those seeking “something for nothing.” In chapter 2, you learned how technology shapes the economy’s production possibilities over time so that a country becomes increasingly good at producing a subset of goods. a. In what ways have vested interests used their influence to bias the U.S. economy toward the production of military goods at the expense…
- 35 - In which century did Economics become a science? a) 18 B) 19 C) 17 D) 16 TO) 201. In what ways does gift giving reduce inequality in society? In what ways does it increase it? 2. If one compares foragers, pastoralists, horticulturalists, and agriculturalists, is there a pattern of change in the allocation and control of resources?1.12 Read the following extract and answer the question that follows. Women’s empowerment movement eyes 40% of government spending accreditation…Last year the South African government affirmed its support for women-owned businesses as part of itscommitment to ensuring that gender equality in Africa’s most advanced economy was achieved.President Cyril Ramaphosa said then: “We are going to drive women’s economic inclusion through publicprocurement. We have set the target of ensuring that 40% of goods and services procured by public entities areprocured from women-owned business.”Source: https://www.news24.com/citypress/news/womens-empowerment-movement-eyes-40-of-governmentspending-20210819Accessed: 23/08/21The above decision by the South African government is an example of…a) Market participation.b) Government spending.c) Commercialisation.d) Nationalisation.
- 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?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?Why have many education experts recently placed an emphasis on altering the incentives that U.S. schools face rather than on increasing their budgets? Without endorsing any of these proposals as especially good or bad, list some of the ways in which incentives for schools might be altered.