Explain in 5 sentences maximum: what if the growth stops in the sector of your business activity causing a decline in demand for your product or service, which kind of strategies would you consider to cope and deal with the situation.
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- Suppose that a hypothetical “consumer market basket” consists only of Goods B and C, in the quantity: B = 10 and C = 6. As in question #1, use 2021 as a base year (i.e., 2021 = 100). Year 2020 Year 2021 Year 2022 Quantity of Good A 10 12 14 Price of Good A $0.50 $1.00 $1.50 Quantity of Good B 3 6 9 Price of Good B $1.00 $2.00 $3.00 Quantity of Good C 20 20 20 Price of Good C $0.25 $0.25 $0.25 If an individual’s nominal income rises 50%, what is the…2. When a business finds it necessary to layoff some employees (due to slowing sales), what positive effects might this have for the business?1. Suppose a medical study reveals new benefits to consuming beef and at the same time a bumper corn crop reduces the cost of feeding steers (male cow/ox). The equilibrium quantity of beef will _____________. (Hint: Draw your demand and supply curves) Group of answer choices a. stay the same b. definitely decrease c. definitely increase d. perhaps increase, decrease, or stay the same, but more information is needed to determine which it does 2. New growth theory (i.e., endogenous growth theory developed by 2018 Nobel Prize Links to an external site.winner Paul Romer Links to an external site.) is the theory that: Group of answer choices a. our unlimited wants will lead us to greater productivity and perpetual economic growth due to choices in pursuit of profits. b. when a decrease in labor productivity decreases real GDP per person the new prosperity brings a population explosion. c. the population contraction brings real GDP per person to a higher level. d. the clash…
- What is the implication of a new technological change in the production on consumer.Give typing answer with explanation and conclusion 3. Economic historian Angus Maddison estimates that real GDP per capita in Western Europe in 1000 AD was $450. Restate this number as GDP per capita per day. (Assume that there are 365 days in 1000 AD. Round to two decimal places.Which question is an example of a macroeconomic question? A. What is the level of industrial concentration in the U.S. automobile industry?B. What economic incentives can be used to reduce the cost of health care in the nation?C. What policies would be recommended for stimulating national economic growth?D. What market conditions are expected for milk in the nation this year?
- What determines whether a good is “capital” or a “consumer good”? How it is purchased: with business funds or with personal funds How it is used: to produce further wealth, or to be consumed Where it is located: in a home or in a business Where it is purchased: from a wholesaler or from a retailer Who uses it: the person buying it or an employee of theirssekect one answer. 1. Which of the following statements about the Affluent Society era is false? a. John Kenneth Galbraith’s, The Affluent Society, criticized the underlying structures of an economy dedicated only to increasing production and the consumption of goods. b. Galbraith’s analysis was so insightful that the title of his book has come to serve as a ready label for postwar American society c. Galbraith warned that an economy where “wants are increasingly created by the process by which they are satisfied” was unsound, unsustainable, and, ultimately, immoral. d. The contradictions of the Affluent Society defined the decade: unrivaled prosperity alongside persistent poverty, expanded opportunity alongside entrenched discrimination, and new liberating lifestyles alongside a stifling conformity. e. None of the above statements are false 2. Which of the following statements concerning the rise of the suburbs is false? a. The seeds of a suburban nation were planted in New…5. Consider a situation in which an economic downturn reduces the demand for the output that an industry produces, and so for the input factors used to produce it. Often this leads to firms laying off workers. Discuss the issues associated with decisions of which factors to cut back on (Labor? or Capital?), Also, in the case of labor, discuss the issues of determining which particular people would have their hours cut (partially or entirely). Instructions for your tutor: This is related to a survey of economics class. This is the book: Anderson, D., Survey of Economics. (2020). Worth Publisher Macmillan learning. chapter 11 and 12.
- Suppose Americans decide to save more of their incomes. If banks lendthis extra savings to businesses, which use the funds to build newfactories, how might this lead to faster growth in productivity? who doyou suppose benefits from the higher productivity? Is society getting a free lunch?Give typing answer with explanation and conclusion Which of the following is a strong economic factor in the existence of mid for medieval cities? indivisble parts in production economies of scale in protection economies of scale in transportation efficiencies in consumptionAgriculture 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.
