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(a) Explain what productivity measures.
(b) List and describe 3 factors of labour productivity.
(c) International data show a positive correlation between political stability and
growth.
(i) Through what mechanism could political stability lead to economic growth?
(ii) Through what mechanism could strong economic growth lead to political
stability?
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- Question - 1 A) how are rules and governance important to economic Development and growth? B) how can international aid assist countries with economic development? Can international aid also cause problems? C) what can be done to Assist development countries?No Plagiarism Please! How do improvements in technology and human capital influence productivity, economic growth, and standard of living within an economy?The 10 Pros and 10 Cons of Entrepreneurs contribution to jobs and economic growth.
- True or False 1. The end of economic development is the improvement of quality of life and capabilities so long as a substantial number of people benefits. 2. What a country has for its resources determines to a great extent its ability to influence the decision-making processes of another country. 3. As globalization disposes integration of national economies, countries must expand it into international markets. 4. Income levels, attrition rate in school enrollment, incidence of migration from rural to urban centers are among the non-economic variables in determining extent of economic development. 5. For economic development to become manifest, it must be a result of the interplay of economic and non-economic factors.Question 5.A critically explains the cost of growth.7- Developing countries all over the world are concerned about how to improve their National Income and Per capita Income. Which central economic problem is this related to? a. How to produce the goods and services? b. What goods and services to be produced? c. How to achieve economic growth? d. For whom to produce?
- Which of the following statements is true? a. The type of institutions in a nation is considered a proximate cause of prosperity. b. Religious beliefs and existing social norms are key proximate causes of economic prosperity. c. Cultural and geographical factors that affect economic prosperity can be changed faster than the institutional factors that affect it. d. Institutions determine the degree to which society accumulates factors of production and adopts new technology.TRUE OR FALSE: 1. With regards to the nation’s economy, population growth rate has a major impact on it. 2. In underdeveloped nations, practically all income is utilized to buy consumer goods, which leaves little, if there’s any, for the savings.1) List three public policies, other than fiscal and monetary, that can facilitate economic growth in a Caribbean economy.
- Favorable health is associated with countries reflecting: Select one: a. A high gross domestic product or GDP per capita b. A low gross domestic product or GDP per capita c. A low gross nation product or GNP per capita d. None of the above1.Why is economics central to an understanding of the problems of development?The economic development in Central America and the Caribbean countries has suffered from problems mentioned below, except a. The extreme poverty prevailing in the country b. Prolonged and continued U.S. military intervention in the region c The rich people buying many luxury goods d. Substandard educational system that cannot cater to the needs to the industry e Availability of rich middle class in the country