CHOICES: a. Both statements are TRUE b. 1st statement is TRUE, 2nd is FALSE c. Both statements are FALSE d. 1st statement is FALSE, 2nd is TRUE STATEMENTS: 1. All goods and services a country produce are from the Agricultural sector. 2. Technological changes in agriculture encourage urban migration.
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- a) If a nation in which the volume of goods and services is growing by 5 percent per year and its if the population is growing more than 5 percent a year, the increase per capita will be more than 5 percent. True False b) Individuals have two choices with their income: they can spend it or save it. True FalseCHOICES: a. Both statements are TRUE b. 1st statement is TRUE, 2nd is FALSE c. Both statements are FALSE d. 1st statement is FALSE, 2nd is TRUE STATEMENTS: 1. Agriculture generates a large percentage of the GDP. 2. Agriculture employs a large percentage of the labor force.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.
- Select the correct answer. Which of these is a major effect of innovation? A. job creation B. unemployment C. high inflation D. fewer financial products Select the correct answer. Claire is the head of product design for her company. She has to create the layout for the next generation of smartphones. She has decided to build on ideas from the consumer’s perspective. Which part of the consumer’s expectations should Claire concentrate on? A. to minimize post-sales service B. to minimize product innovation C. to maximize product cost D. to maximize product utilityFrom the Microeconomices, regarding to the MRS, how they work out for Ux and Uy? For example: U(x,y)=xy/x+y.Thank youMULTIPLE CHOICE (identify the one best answer and provide explanations): Consider an economy inwhich each worker has one machine and one unit of natural resources. Assume these inputs are fixed,and so is the worker’s human capital. But there has been an improvement in technology. We can surelyconclude that productivity has increased if:a. the amount of goods and services produced from each hour of the worker’s time increases.b. the amount of goods and services produced by the worker increases relative to a worker inanother country.c. if the amount of goods and services produced by the worker in a given year increases.d. all of the above.e. none of the above
- Brazil is building new factories in using new technology. this is an example of investing in which factor of productionWhich of the following statement is a positive statement? a. More students should study economics. b. the price of sugar in the United States is 5% higher than the price in Australia c. price of gasoline must be regulated to improve the oil industries' performance d. every Omani citizen should have equal access to health care.Give typing answer with explanation and conclusion 20) Which of the following factors is part of the microenvironment? A) natural environment B) cultural shifts C) technological trends D) competitors E) political trends
- A senator announces that states should be allowed to re-open their businesses, despite the risk of Covid-19, in order to help the U.S. economy. This is an example of a Question 8 options: A) factual statement B) normative statement C) positive statement D) trade statementQ-4: Give an example of a positive statement and an example of a normative statement that somehow relates to your daily life. • Name three parts of government that regularly rely on advice from economists.Economics A population with a majority of young people is considered favorable for all sectors a.True b. False