Briefly explain four reasons why agriculture’s contribution to a country’s gross domestic product (GDP) falls as the country develops. What are the implications of the economic transformation for the agricultural sector?
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- The record indicates that more than 300,000 Pakistani has left the country in year 2018; skilled individuals leaving the country for greener pasture, Pakistan might be on the brink of losing its brain capital. What are the impacts of this brain drain on the Economy of Pakistan? (Briefly explain please)Briefly describe efficiency in production?Are firms primarily buyers or sellers in the goods and services market? In the labor market?
- Graph the following situtaiton for the economy:Agriculture is the backbone of Africa. But Africa has high poverty rate and the a large amount of money is still used to import food items from overseas. Using your knowledge in corporate financial economics and suggests ways private sectors can contribute to the growth of agriculture.explain using the statement given a. As part of corporate social responsibility, the private sector could be contributing or funding the modern equipment used for agriculture. b. In order to enhance the level of productivity and bring a reduction in imports, the operations of agriculture could be funded by the private sector. c. Whenever any special permissions are required to be given with respect to agriculture, the private sectors could tend to partner with the government of the country.Which economic system do you think is better in answering the following basic economic questions: a. What to produce? b. How to produce? c. For whom to produce? Briefly explain your choice.
- Use an appropriate economic model (graph) to show the effect of an increase in the worldwide production of wheat on the international market for wheat, and explain the impact this will have on Australian farmers. Also explain the effects of this on markets that are related to the wheat market.The source mentions a fourth factor of production: entrepreneurship. In what sense could it be viewed as a production factorCourse Title: Macroeconomics Suppose that the USA can make 15,000,000 cars or 20,000,000 bottles of wine with one year's worth of labor. France can make 10,000,000 cars or 18,000,000 bottles of wine with one year's worth of labor. From these numbers, we can conclude: Question: What would you suggest each of these countries produce? Explain your answer. (Make sure to include the number of cars and bottles of wine each country should produce.)
- B) In his State of the Union address in 2003, President Bush supported the idea of changing from the use of internal combustion engines to fuel cells based on hydrogen as a way of reducing air pollution and the emission of greenhouse gases. Fuel cells are nonpolluting because they only emit water vapor. President Bush proposed having the government subsidize research and development of hydrogen fuel and fuel cell technology. The president did not propose raising taxes on gasoline as a way of encouraging the use of fuel cells and reducing greenhouse gases. Currently, hydrogen is more expensive than gasoline.Why does the value of output always equal the income received by resources that produced the output?18- Mr. Yusuf enjoys economic freedom; He owns a factory which produces steel products. There are no government regulations for his company. The economic system Mr. Yusuf falls into is ___________. a. Mixed economy b. Capitalist economy c. Command economy d. planned economy
