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Indicate the statements True or False
1) Physical capital, denoted by K, does not affect
2) Mortality is a causal factor that explains fertility.
3) Human capital is more important than productivity in explaining international income differences.
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- TRUE OR FALSE: 1. Productivity as well as standards of living is improved by investments in human capital. 2. In terms of literary rates, women in LDCs are usually below those of men.Select all true statements. For a country, high real per capita GDP implies a high standard of living. Countries with a high real per capita GDP tend to also have a high human development index (HDI) on average. We use real per capita GDP to measure the standard of living because consumption makes you happy. We use real per capita GDP to measure the standard of living because variables that determine welfare seem to be positively correlated with it. A higher human development index (HDI) implies a higher real per capita GDP. Countries with high real per capita GDP tend to have a population with higher level of education and higher life expectancy on average. We use real per capita GDP to measure the standard of living because money makes you happy.Infant Industry protection is a key solution for the growth of industrialization of developing countries. Discuss your answer by using the graph attached and any other graph(s) that you can deem appropriate.
- Suppose Yamahonda, a Japanese-owned motorcycle manufacturer, builds a production plant in Alabama. This is an example of foreign investment in the United States. Which of the following policies are consistent with the goal of increasing productivity and growth in developing countries? Check all that apply. Providing tax breaks and patents for firms that pursue research envelopment in health and sciences. Protecting property rights and enforce contracts. Increasing taxes on income from savings Imposing restrictions on foreign ownership of domestic capital. What is a significant factor in long-run economic growth that Robert Fogel, an economic historian, is best Known for suggesting? Improvements in the protection of property and enforcement of contracts through the maturation of the civil and criminal Justice systems Improvements in technology from the incentives created by a better patent system Improvements in worker health from better nutrition Inward oriented policies that protest…Which of the following statements about sending foreign aid to low-income countries is TRUE? Question 4 options: It is most often used to meet basic human needs It is an effective tool for stimulating exponential economic growth Policymakers are not aware of the limitations of foreign aid Foreign aid constitutes more than 20% of low-income countries' GDPTrue/ False Economic development refers to the growth of the GDP of an nation.
- In the short term and with almost full employment, it is most realistic to increase GDP / per capita by: a. Employees move to sectors with higher labor productivity b. Labor productivity becomes higher, e.g. through increased investment and better education c. Taxes are reduced so that it pays to work harder d. The state supports industries with highly expected growth potentialInterpret the gnp growth rate of the philippines over the years and explain its implication.Global geopolitical tensions often play a pivotal role in shaping people’s perceptions of economic growth. Research shows concern about such issues can cause people and businesses to become more cautious about spending and investing, which can ultimately lead to economic recession.The recent escalation of the Israel-Palestine conflict is no different. Investors around the world are worried about the repercussions of this war – particularly in light of an already bleak picture for global economic growth.Internal and inter-state conflicts often have a significant effect on stock market indices, exchange rates, and commodity prices – sometimes even sending prices higher in the lead-up to hostilities. The longer-term economic impact is typically more complicated to assess, however. The lasting effects of even seemingly dramatic events on investor behaviour can be hard to predict.This uncertainty is reflected in the risk premium in oil markets. This is the price paid for oil traded ahead of…
- Country A and Country B happen to have the same GDP per capita. The standard of living is said to be higher in Country A than in Country B. This could be because ________. the workforce in Country A is relatively bigger productivity is relatively greater in Country A the same goods and services are relatively more costly in Country A high income disparity in Country B prevents its GDP per capita from giving a full picture of the well-being of its peopleCountries are being classified/categorised based on economic, social, environmental indicators. Among the most common indicators of analysis within which a country is analysed and ranked are the Gross Domestic Product (GDP) and Human Development Index (HDI). As a foreign investor, which indicator (GDP and HDI) should you utilise in determining the attractiveness of a country for potential investments. Explain thoroughly.Suppose an American buys stock issued by an Argentinian corporation. The Argentinian firm uses the proceeds from the sale to build a new office complex. This is an example of foreign_____________investment in Argentina. Which of the following policies are consistent with the goal of increasing productivity and growth in developing countries? Check all that apply. Providing tax breaks and patents for firms that pursue research and development in health and sciences Imposing restrictions on foreign ownership of domestic capital Protecting property rights and enforcing contracts Increasing taxes on income from savings Which of the following are possible outcomes of rapid population growth? A reduction in human capital per worker A reduction in capital per worker An increase in technological knowledge All of the above
