Determine whether each of the following statements about human resources and economic growth in less-developed countries (LDCS) is true or false. Statement True False Population growth increases both GDP and GDP per capita Brain drain occurs when educated workers of LDCS pursue careers in wealthier countries. C LDCs often experience rapid population growth with high human capital investment. C The typical LDC often lacks the ability to educate and train its labor force. 0

Q: For a seven year class asset costing $150,000 according to MACRS, how much is the third year…

A: The Accelerated Cost Recovery System (ACRS) supplanted verifiable devaluation strategies in 1981. In…

Q: of buyers with distinct needs, cha might require separate marketing strategies or mixes A) Mass…

A: According to the Bartleby guidelines policy only first three subpart solve please post question…

Q: What calculation gives the best indication of economic well-being? nominal GDP divided by the number…

A: Standard of living means the average quantity or quality of goods and services that people in a…

Q: Which of the following is one of the uses of financial instruments? means of payment store of…

A: Financial instruments are defined as monetary assets which can be purchased, created and traded.…

Q: In Canada, in the majority of cases where there is a natural monopoly, how does the government…

A: Monopoly  A monopoly is a form of market where there is only a single seller in the market. A…

Q: Country A produces GDP according to the following equation: GDP = 5√K. The country has a savings…

A: A steady-state economy seeks to strike a balance between increases in output and population growth.…

Q: Year 2017 2018 2019 Price (Dollars per pencil) 1 2 Pencils 4 Quantity (Number of pencils) 115. 135.…

A: Use the following formula to find the values: Nominal GDP = Current year quantity x Current year…

Q: When Apple raised the price of iTunes from $.99 to $1.29, GS Boyz’s “Stanky Legg” sales dropped from…

A: Arc elasticity of demand = [(Q2 - Q1) / {(Q2 + Q1) / 2}] / [(P2 - P1) / {(P2 + P1) / 2}]

Q: Abolition of intermediaries, ceiling of land holding, consolidation of holding, regulation of rent,…

A: Indian development economics: Financial development with expansion in genuine per capita pay,…

Q: The figure represents the value of marginal product for a firm that sells its product in a…

A: Value of marginal product refers to an additional revenue which is earned from hiring one more unit…

Q: An economy is currently at it's steady state. Their depreciation rate is 6% and their capital stock…

A: Capital refers to the goods that are used in the process of production of other consumption goods.…

Q: In markets with differentiated products but without a lot of advertising, which of the following…

A: This is question related to the topic Market

Q: 11. Suppose you choose to pledge for your top choice of sorority or fraternity at your university.…

A: Nash equilibrium expresses that nothing is acquired assuming any of the players change their system…

Q: 5. In a floating exchange rate regime between Japan and the U.S, what happens to the dollar in the…

A: A floating exchange rate is an exchange rate framework where a country's money not entirely settled…

Q: Labor Capital (machines) Technique (hours) A 10 35 B 25 25 C 10 60 D 30 20 sing the data in the…

A: Labor and capital are the variable inputs that are used in production of good. The table shows the…

Q: A firm’s production function is given by q = min{M, L1/2}, where M is the number of machines and L…

A: Given production function q=min(M,L1/2) Price of Labor, W=1 Price of Machine, Pm=2

Q: Which of the following is a major macroeconomic goal of nearly every society? increasing government…

A: There are many macroeconomic goals of an economy like to reduce inflation, increase employment,…

Q: A company is currently using its two inputs L and K, where MPL - 3.2K04L 0.2 and MPK - 1.6K -0.610.8…

A: Marginal product of labor measures the change in the output level when the labor changes by the one…

Q: 5000 The demand function for a monopolist's product is p(q) = 1300 – 7q and the average cost per…

A: A monopolist directs an individual, group, or company that defeats and maintains the market for a…

Q: Suppose a country surveys households and finds that 140 million people can be classified as being…

A: The unemployment rate is the level of the labour force without a task. It is a reactive result,…

Q: EXPECTED INTEREST RATE the real risk free race a 33%. Infation is expected to be 3.03% this year…

A: The nominal yield is the coupon rate on a bond. Essentially, it is the interest rate that the bond…

Q: It is the increase in the prices for goods and services from one year to another, thus decreasing…

A: Inflation rate is the rate at which the prices of goods and services in an economy rise over time.…

Q: Q-II: What is the rationale of the Millennium Development Goals (MDGs)? Please explain wherever…

A: The United Nations Millennium Development Goals (MDGs) are indeed a series of eight goals set upon…

Q: Suppose the demand for chocolate bars is downward sloping. Which of the following will occur as a…

A: Downward sloping demand curve implies the inverse relationship between price and quantity demanded.

Q: Country A produces GDP according to the following equation: GDP = 5√K and has a capital stock of…

A: Gross domestic product is the sum of the market values of all the goods and services produced…

Q: Under what circumstances does a firm operate with excess capacity?   Question 22 options:   when…

A: In a market, excess capacity of a firm refers to the situation when the demand for a specific…

Q: Calculate accurately Suppose 10 units of a good are sold when the price is $2 per unit,…

A: The elasticity of demand refers to the percentage change in the quantity of demand due to changes in…

Q: There is a decrease in the number of buyers in the market and the minimum wage is introduced which…

A: Market demand for a commodity can change as a result of a change in consumers income, their tastes…

Q: The recession of 2007-2009 caused General Motors' sales to decline by A. 65 percent; 50 percent…

A: When talking abou financial sales of General motors between 2007 to 2015, it can be said that it was…

Q: Quantity of hours Refer to the figure above. If the government imposes a minimum wage in this…

A: The minimum wage is determined by the government. the firms can not give wage rate below the minimum…

Q: Select one: O a. number of workers grow at 3 per cent while the number of effective worker O b.…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Suppose that the European Union follows a flexible exchange rate regime. The exchange rate between…

A: Exchange Rate is the relation between the values of two different currencies. The values depend on…

Q: Briefly discuss the role the State plays as adviser in the labour relationship

A: State: It is characterized as an area with its own administration and boundaries inside a bigger…

Q: a. Table 1 represents the demand and supply schedules of medicinal products for Belgium, a small…

A: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-parts at a…

Q: what is economics?

A: Among various branches of social studies, economics is one of the branches that is studied by the…

Q: The RBA: a. acts as the federal government's bank and collects income taxes. b. provides all paper…

A: RBA refers to the Reserve Bank of Australia.

Q: Suppose that when your income is $45, the price of ice cream cones is $1.50, and the price of…

A: Initially  Price of ice cream =$1.50 and total icecream consumed = 12 The price of churros is $3…

Q: Is  the market for Kennedy half dollars competitive?  Also  why or why don't you think this market…

A: The 1964 Kennedy half a dollar, a fifty-cent coin, is now issued by the United States Mint. On…

Q: In production of goods, what is the difference between Short Run period and Long Run period? Why it…

A: The short-run and long-run are macroeconomic concepts that arise due to the time horizon associated…

Q: Suppose the income share of the population by quintile is the following: Income Share (percent)…

A: Gini coefficient is basically denoted as the measure of statistical dispersion gradually intends to…

Q: Consider an asset that costs $690,000 and is depreciated straight-line to zero over its eight-year…

A: The measure that depicts the current stream of cash flows being discounted at a specified rate of…

Q: Price Quantity Demanded Quantity Supplied $1 40 18 $2 35 22 $3 30 30 $4 25 40 $5 20 44 According to…

A: Demand is defined as the quantity of goods purchased at various prices by consumers during a certain…

Q: What if the information regarding market demand and market supply is conveyed in equations rather…

A: Given  Market demand equation  is given as  Q=10-P .        .... (1) Market supply equation Q=P.…

Q: A fall in the price level will O reduce the demand for money and interest rate. O reduce the demand…

A: The aggregate sum of cash requested in an economy is consequently the aggregate sum of cash…

Q: Predict how each of the following economic changes will affect the financial market for home loans.…

A: A demand curve can shift so that more or less of the commodity would be demanded as at any commodity…

Q: It is often a momentous decision for a successful national company to become an MNC. What are the…

A: A multinational corporation typically has offices and/or factories in several countries, as well as…

Q: Draw a graph of a competitive market in equilibrium, and illustrate a decrease in Supply. Carefully…

A: In a market, the demand-supply framework is used to explain the market condition in terms of its…

Q: What if all industries are decreasing-cost industries in nature. Would we observe ever-declining…

A: Declining cost industry refers to industries whose average prices decrease after increasing Or, in…

Q: What is infrastructure

A: To connect supply chains and effectively move goods and services across borders, the economy needs…

Q: What is the multiplier effect during a recession and full employment?

A: The multiplier effect describes how many times money poured into the economy multiplies itself to…