Explain why entrepreneur skills are important in our society and To our economy

Q: D. Describe ONE change in transportation infrastructure necessary to facilitate urban industrial…

A: To show the dependence of certain dependent/peripheral nations on certain dominant/core nations, the…

Q: In order to prosper, entrepreneurs must O undertake projects that create wealth and increase the…

A: Answer: A (undertake projects that create wealth and increases the value of resources) Explanation:…

Q: Four of the determinants of economic growth relate to supply side, i.e. the physical ability of the…

A: Economic growth is defined as an increase in the production of economic goods and services in an…

Q: What are the three economic sectors? Provide explanations and examples for each. How does the United…

A: Economics as a subject deals with the allocation, production and optimization of scarce resources…

Q: Use the information set out in the tables below about the economy of Athabasca. Production function…

A: We will use labor market equilibrium concept to answer this question.

Q: Come up with a long answer to answer this question.  What is the role of the industrial sector in…

A: The industrial sector is viewed as a leading sector of economic development. We can have economies…

Q: What were the sources of labor productivity growth in the U.S. economy during the sixty years since…

A: 1) During the sixty years since 1960, the sources of labor productivity growth in the U.S economy…

Q: 1. Does entrepreneurship matter? Why? 2. How important is entrepreneurship in nation building?

A: Entrepreneurship is the concept of creating, developing, and controlling a new business idea by…

Q: Q2- Businesses use four factors of production i.e. Land, Labor, Capital and Entrepreneurship (some…

A: Pakistan has labor as the top factor of production and also Bangladesh has labor as top factor of…

Q: The catch-up effect says that countries with low income can grow faster than countries with higher…

A: According to the catch-up effect theory , the low income eating countries will grow and will finally…

Q: . What is productivity? Describe the factors of productivity.

A: The branch that deals with behavior, performance, structure, and decision-making abilities of an…

Q: What is the relationship between savings, capital formation, and consumption?

A: The savings is the money that is not consumed or kept aside for the later use, the saving is the…

Q: SHORT ANSWER Workers on the manufacturing floor are being replaced by robots. For the U.S. economy…

A: The technological advancements are considered to be an integral part of growth, and development of…

Q: Productivity is all about quantity of goods and services produced from each unit of labor input…

A: Productivity is the measurement of the output per unit of labor. Productivity shows the efficiency…

Q: Sonya used to earn $25,000 a year selling real estate, but she now sells greeting cards. The return…

A: 1. Explicit costs are the costs that are paid to the other person or for the product manufactured by…

Q: Draw a correctly labeled graph of a productivity curve that illustrates diminishing returns to…

A: Since the question you have posted consists of multiple parts, we will answer the first three parts…

Q: What are the effects of an increase in labor productivity on potential GDP, the quantity of labor,…

A: Gross Domestic Product is the total amount of goods and services that an economy can produce within…

Q: Which economist said that Capital consists of stored up labour and capital Irvin Fisher Bohm- Bawerk…

A: Answer is given below

Q: Considering the graphic below from the Australian Productivity Commission, answer the following…

A: The labor productivity shows how much more output can be produced by the level of labor resources…

Q: Which of the following is an example of technology as the responsible determinant of productivity in…

A: Productivity of labor is the output that is obtained by per unit use of labor. Every nation focused…

Q: Question 5: In economics, capital is referred to as a: human-made good used to produce other goods…

A: Although capital has different definitions in different contexts, considering the context of…

Q: Why is R&D a key factor in productivity improvement? Name some ways R&D contributes to productivity…

A: R&D (Research and Development) is an important factor necessary for growth of every economy…

Q: Explain what is/are the advantage might Generation Y have in terms of education and income advantage

A: Generation Y have a set of abilities and characteristics that distinguish them as desirable…

Q: Why isn’t money considered a capital resource in economics? Why is entrepreneurial ability…

A: In economics, the problem of scarce resources is addressed as these resources are essential to meet…

Q: The following table shows a group-by-group breakdown for a hypothetical economy. Group Number of…

A: People who are working or has a job are considered employed. People who are able and willing and…

Q: Why don’t wages measure the full return to labor? Why is human capital the most important factor of…

A: In humàn economy capital  is the development of jobs created by education and knowledge, as well put…

Q: Productivity is one of the most important factor in any economy. This can be as part of labor or…

A: The amount of output divided by the volume of inputs is generally referred to as productivity. In…

Q: Complete the table: Number of Workers per Day Movie Tickets Produced per Day   Average Product…

A:

Q: Discussion Question The following quote appears in An Inquiry into the Nature and Causes of the…

A: An inquiry into the nature and clauses of the wealth of nations. Adam Smith's masterwork, first…

Q: Why do Urban populations are capital accumulating whereas rural populations are capital consuming?

A: There are business cycles which have to be known by the business groups all around the world.…

Q: a)Interpret the data from the table and distinguish the relationship between the two countries.…

A: a. In the initial year 2016, the unemployment is higher than the other years and the unemployment…

Q: Why is money not considered to be a capital resource in economics? Why is entrepreneurial ability…

A: Money is anything that is generally accepted as a medium of exchange to buy or sell goods and…

Q: Explain the opportunity cost of investing in capital. Is there any difference in the opportunity…

A: Human Capital:The term human capital refers to the people that have skill and knowledge. However,…

Q: Explain The equilibrium in the market for capital

A: Capital refers to the amount invested in purchasing assets for financial gain in the business as…

Q: Marginal Produt and Resources How would you determine the demand for a factor of production? What…

A: We will answer the first question since the exact one was not specified. Please submit a new…

Q: Q1 What is "capital"? The salary we pay employees The money we pay to the government Money invested…

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

Q: a. More labor inputs can explain   all of the increases in U.S. real GDP during the last 62 years…

A: a. More labor input can explain some of the increase in U.S real GDP during the last 62 years or so.…

Q: Define and explain in your own words “Physical Capital", “Real Interest Rate", "Potential…

A: There are four factors of production: land, labor, physical capital, and entrepreneurship. These are…