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- macroeconomics multiple choice question 28. Country A has a GDP-per-capita of $500, and Country B has a GDP-per-capita of $75,000. Which of the following is NOT a plausible reason for Country B’s higher GDP-per-capita?(A) Country B has more open and inclusive economic and political institutions. (B) Country B has more natural resource wealth.(C) Country B has lower productivity.(D) Country B has more capital. 29. After lockdowns were declared globally in 2020, the price of oil crashed from $64 per barrel in January to $18 per barrel in April. What is the most likely reason that lockdowns contributed to the oil price crash?(A) Supply increased due to oil companies reallocating resources to help with the COVID-19 pandemic.(B) Supply decreased due to oil workers being furloughed.(C) Demand increased from factories producing Personal Protective Equipment for essential workers.(D) Demand decreased since fewer people were commuting to work.International data show a positive correlation between income per person and the health of the population. a) explain how higher income might cause better health outcomes b) explain how better health outcomes might cause higher income. c) how might the relative importance of your two hypotheses be relevant for public policy.Rank the problems in the order of their seriousness within the Philippine situation. You are to give the most serious problem a ranking of 1, the second-ranking of 2, and so on. Here is the list of problems or conditions. Go ahead and rank them: ___ selfish attitude (selfie culture) ___ Lack of agricultural land and poor natural resources ___ Lack of education of people ___ Exploitation and domination by others ___ Lack of personal initiative and indifference of the majority of people ___ Overpopulation ___ Poverty ___ Capitalist economic structures ___ Unrest caused by revolutionaries or leftist rebels ___ Personality cult in the choice of political leaders Kindly explain your ranking.
- What types of empirical studies (across-state studies or national studies) does the author prefer, and why? National studies are better because across-state studies are more subject to statistical fluctuation. Across-state studies are better because they are less susceptible to the effects of business cycles National studies are better because across-state study results may not necessarily reflect the effect of increases in the minimum wage on the nation as a whole Across-state studies are better for measuring age-specific implications than national studies.Paper 1 is part of a 3-paper assignment considering the relationship, if any, between state restriction policies and infection rates. We are interested in this because economists now believe that controlling the pandemic is a key to economic growth. Our ultimate question (Paper 3) is whether state restrictive policies were a useful tool to control infections. But first we need to describe what economists believe concerning the relationship between economic growth and the pandemic, and what the evidence is. That is the purpose of Paper 1. The required elements: Explain the belief that the economy cannot grow unless the pandemic is controlled. This must be based on outside sources which must be cited. Media sources are appropriate. Provide evidence on economic growth in 2021 that shows how the economy changed—considering element 1. This must be cited as well. Media sources and/or data sources can be used.Which of the following is a source of Primary research? A Census A survey Industry publications Trade journals Only typed Answer with proper explanation
- Economic models are presented Through graphs and / or mathematical equations With graphs only With mathematical equations only With neither graphs nor mathematical equations With sophisticated physical structures that contains all economic variablesRank the problems in the order of their gravity/seriousness within the Philippine situation. You are to give the most serious problem a ranking of 1, the second ranking of 2, and so on. Justify/explain your ranking.Here is the list of problems or conditions. Go ahead and rank them:___ selfish attitude (selfie culture)___ Lack of agricultural land and poor natural resources___ Lack of education of people___ Exploitation and domination by others___ Lack of personal initiative and indifference of the majority of people___ Overpopulation___ Poverty___ Capitalist economic structures___ Unrest caused by revolutionaries or leftist rebels___ Personality cult in the choice of political leadersJustify/explain your ranking.Identify the steps in a typical scientific study and compare with that involved in economic studies.
- QUESTION 4 Emerging economies’ health systems have different needs from rich countries, primarily because: a. They have less income b. They have different population demographics and disease burdens c. They have fewer medical schools and doctors d. They have better weather and need less health carePlease assist in answering these questions. The answers do not have to be explained. I will not buy my coffee from “XYZ” Company because of their use of children in production. This consumerism is called b. Company-based purchasing c. Fully screened approach d. Positive Buying The dimensions of globalization are a. Social, environmental, economic, and political b. Cultural, environmental, legal, and economic c. Political, legal, social, and economic Consumerism __________________ Question 11Answer b. posits that it is economically desirable to increase consumption of goods. c. provides that products manufactured are safe for consumers d. is the theory that posits consumers are more important than employees. Which of the following is not a tenet of Corporate Social Responsibility? b. Philanthropic responsibility c. Ethical Responsibility d. Consult with the stakeholders Which model of the BGS relationship assumes that…TRUE or FALSE 31. For urbanization to be economically sound, there must be efficient urban scaling. 32. Urbanization generally rules out the use of labor-intensive technology. 33. In every place, rural or urban, there are formal and informal sectors. 34. Philippine history reflects that Quezon City enjoyed the first city bias so does Baguio City. 35. Urban bias does not affect all the milieus of a nation’s life. 36. Urban giantism is a natural phenomenon that cannot be prevented or controlled. 37. When the quality of education is not a direct impact of urbanization, then good quality education outside urban centers plays a crucial role in rural development. 38. Higher increases in wages in urban centers assure an increase in the laborers’ efficiency in these urban centers. 39. Human resource planning is required to reduce job mismatch, underemployment, unemployment, and all other economic problems.…