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- What policies can the government of a free-market economy implement to stimulate economic growth?What are the advantages of backwardness for economic growth?ANSWER B AND C ONLY! a. What are the ways in which a government policymaker can try to raise the growth in living standards in a society? b. What is the relevance of productive and allocative efficiency to the growth process? c. What is meant by economies of scale and what is the importance of this concept to economic growth?
- What are the ways in which a government policymaker can try to raise the growth in living standards in a society? b. What is the relevance of productive and allocative efficiency to the growth process?c. What is meant by economies of scale and what is the importance of this concept to economic growth?If you say, "Economic growth is also hampered by a scarcity of land and water, and climate change, which reduces rainfall and raises temperatures" wouldn't they also be constraints and all answers be correct?Is it possible to have economic growth with no opportunity cost? A)Yes, economic growth requires no current sacrifices-only the passage of time. B) No, but economic growth is always worth whatever sacrifice is required. C) No, because growth depletes the stock of knowledge so that more growth today means less growth tomorrow D) No, because growth requires the sacrifice of consumption goods in order to invest in such things as capital tormation and research and development.
- Assume there is a second economy ( country B ) with everything identical to country A except for the rate of population growth , which is 2 percent . Answer the following questions for country B. Assume both countries start a k = 0 , which country grows more in the short run ( before steady state is reached ) , as given by the rate of growth of output per worker ? ( hint : the further away from steady state , the faster the growth towards it ). O. Country A O. Same for both O. Country Bpleasee quickkk !!!! Long-run economic growth can help alleviate the problems of poverty by... a. Requiring increased saving on the part of most of the population. b. Generating more resources that can be used to reduce income inequality. c. Reallocating income away from low-value production to increase the incentives for high-value production. d. Increasing future consumption for the middle class. e. Creating new low-paying jobs for the unemployed.What are the ways in which a government policymaker can try to raise the growth in living standards in a society? What is the relevance of productive and allocative efficiency to the growth process?
- In the Solow economic model, id like to know the relationship between the rate of population growth and the steady state level of income. I know that when the rate of population growth grow, then the breakeven investment line goes up, which decreses investment and capital per worker, but what does it do to the income level and the steady state rate of growth?Why are economic growth rates different in the Jamaica and Antigua? Is this a macro-economic questions because it is focused on the actions of these two specific countries?What is the mainstream 'Stages of Growth' model of how countries develop? When people who advocate for the 'Stages of Growth' model say that countries should "redistribute from growth," what do they mean?