8. (Shifting Production Possibilities) Determine whether each of the following would cause the national economy’s PPF to shift inward, outward, or not at all: a. An increase in the average length of annual vacations b. An increase in immigration c. A decrease in average retirement-aged. The migration of skilled workers to other countries

Q: The was a consumer sees the product as it compares to other similar products in the market is

A: Answer:- A substitute, or substitutable good The way a consumer sees the product as it compares to…

Q: . How does an increase in labor-productivity increase income? a. An increase in productivity,…

A: Increase in labor productivity means that the labor become more effective and the more output will…

Q: 6. How did computers and technology further impact the US economy and industry?

A: Technology has had a significant impact on the US economy, and its use has been related to changes…

Q: What is one example of the changing demographics in Europe? a. the population is aging b. imports…

A: The market is a place where the people comes and goes whiling taking business with others. Thus, the…

Q: A policeman’s salary would fall under which component of GDP?     A. consumer spending   B.…

A: GDP is the value of final goods and services produced in the economy within a given period of time.

Q: 20. Why was the construction of the Panama Canal so important to the economy of neighboring…

A: Panama Canal : It is the canal that was established to provide benefits within the economy and also…

Q: How did Covid19 affect the Philippine economy

A: 1. The country's first case of COVID-19 was reported in January 2020, and by March, the country had…

Q: What are the three components of health as defined by the World Health Organization?   A.…

A: World Health Organisation has its headquarters at Geneva in Switzerland and is responsible for…

Q: You are given the following information about an economy:…

A: Answer is given below

Q: 6. Refer to Table 2 (all figures in billions of dollars). The gross domestic product is. a. $326. b.…

A: Hello, thank you for the question. Since there are multiple questions posted here, only the first…

Q: Discuss a business’ ability to integrate new technology into its processes and procedures. a)…

A: Business ability to integrate new technology into its processes and procedures. To guarantee that…

Q: The curves showing the various quantities of goods and services that domestic consumers, businesses,…

A: Price and quantity are two important variables in the markets to decide the equilibrium. Except…

Q: QUESTION 5 5. You are given the following information about an economy: $millions GDP at Market…

A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…

Q: increases the standard of living for the poorest in society, allowing them to seek their basic…

A: The standard of living refers to the quantity of money, comfort, material things, and necessities…

Q: 3. Consider the economy of Sandersonia. The population of Sandersonia is 100 people. Of the…

A: Answer -    Labor Force :- It is the no. of people of a population who are working and actively…

Q: 1.0 National income – The Pandemic Economy 1.1 The IMF estimates that the global economy will make…

A: GDP refers to the value of all final goods and services produced in an economy over a given period…

Q: Describe how the automoble industry affect both national economics and society.

A: Economics refers to the study of behavior of human beings for the use of scarce resources in…

Q: - Principles 1 S121/22 of EconomiCS What is the impact on the labour market due to a decrease in the…

A: Exports is a component of Aggregate demand.  A decrease in exports implies a decrease in aggregate…

Q: GRAPH Reset Capital Goods Production Possibilities (Present) Production Possibilities (Future) 17 16…

A: Here, two production functions are given to represent current and future production of consumption…

Q: What resources are important to Nunavut? 1. b) Why are these resources so important?  Provide at…

A: 1) Aside from its people, Nunavut's most noteworthy economic resource is its mineral wealth0, which…

Q: QUESTION 5 5. You are given the following information about an economy: $millions GDP at Market…

A: Please find the answer below.

Q: 13 Technological progress makes the production possibilities frontier * (1 Point) O Shift inward…

A: Production possibility frontier tells about the possibility of the production of two goods with the…

Q: What is the total expenditure made by consumers on the purchase of goods and services called?    a)…

A: In an economy, expenditure made by different sectors on different activities for different purposes…

Q: 1. Facts and myths about the U.S. economy Which of the following are facts about the U.S. economy?…

A: In US economy, the circular flow model shows how goods or services and money circulates among…

Q: 28.A puzzle: The share of GDP devoted to investment was similar for the United States and South…

A: The total value associated with all the final goods and services produced in an economy in a year is…

Q: 11-The selling price of a product in Oman is higher than the price in Dubai although both products…

A: Effect of the customers buying products from Dubai. Because more of the product is sold in Oman.…

Q: 3. Consider the following table showing the breakdown of GDP (in billions) for China. GDP Category…

A: GDP is the sum total of all the goods and services produced within the geographical borders of the…

Q: 6. Limitations of GDP Although GDP is a reasonably good measure of a nation's output, it does not…

A:

Q: B. The table below lists Jamaica's transactions in 2007. Particulars $ Consumers' expenditure 100…

A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…

Q: What resources are important to Manitoba? 1. b) Why are these resources so important?  Provide at…

A: 1)Manitoba mines produce an assortment of mineral assets from base and valuable metals like nickel,…

Q: 3. Suppose an economy produces steel, wheat, and oil. The steel industry produces $100,000 in…

A: GDP is the sum total of money value of goods and service produce in a country or economy within a…

Q: Question 1. To what countries did Mr. Sanchea export his devices? In some countries,…

A: 1. To what countries did Mr. Sanchea export his devices? Sanchez exported devices of personalized…

Q: 1-According to Adam Smith, an inquiry into the nature and causes of wealth of nation in which…

A: Niger is a country which is among the least developed and heavily indebted countries in the world…

Q: What the strategy adopted by India to calculate the GDP of the country. b) What the strategy adopted…

A: The final value associated with the products and services produced and manufactured in the nation in…

Q: 14. The purchase of iron ore by China is classified in Australian GDP accounts as A) import…

A: GDP using the expenditure approach is given by : Y = C + I + G + (X – M).

Q: How does the innovation and knowledge sector contrast to that of the manufacturing sector? How does…

A: The knowledge economy looks at how education and knowledge, or "human capital," can be used as a…

Q: How free trade zones or special economic zones affect exports.

A: Special economic zone is that area where the different business laws and regulations implied as…

Q: Question 21 A company in the United States produces dog treats and sells them to consumers in…

A: Component of GDP:-                               GDP= C+I+G+NX where; C=ConsumptionI=Investment G=…

Q: Explain the contribution of agriculture in food availability and improvement of the national…

A: Wheat,sugarcane,cotton and rice are the major food crops of Pakistan. All these crops account for…

Q: Omani government wanted to reduce the supply of high sugar drinks in the economy. As an economist,…

A: Taxes are the money that is paid by the consumers to the government of the country. Government…

Q: 4. Suppose that you are given the following data for the country of Trumpland: 12,800 10,000 3,100…

A: Disclaimer; “Since you have posted a question with multiple sub-parts, we will solve first three…

Q: Economy   1.1       The IMF esti

A: The long term deficit like budgetary deficit affect the growth and development of economy . The…

Q: . What are the ways in which the chocolate industry can help in the socioeconomic development of…

A: There are many products that are produced in West Africa, Cocoa is one of the important products…

Q: Evaluate the different ways in which a government might be able to improve access to the housing…

A: The Housing Market is the supply and demand for dwellings in a certain nation or area. The average…

Q: 5. The following data (in millions of dollars) expresses all the relevant information for the agents…

A: We have GDP = C + I + G + NX ( using expenditure method )