The number of people in any place is the result of three major factors. Name these factors and define them. thanks forwarded

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A: ANSWER Scarcity refer to the basic economic problem- the gap between limited resources and limitless…

Q: How much donations NRIs give every year in india from 2011-2021 ?

A: The Ministry of Home Affairs (MHA) has issued a banking charter that states that "donations received…

Q: Why did Malthus err in predicting that families would have more children as incomes increased?

A: Malthus was an economist who propounded the theory of population stating some checks as well as…

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A: The circular flow model represents societal money flow. Money moves from producers to employees as…

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A: The poorest members of society are not usually the most significant winners under the Difference…

Q: If the U.S. spent less on medical care and instead invested the savings in the population's health…

A: If the US spent less on medical care instead of investing the savings in diet , exercise, education…

Q: Millennials is also known as____. (fill in the blank)

A: The term millennials are referred to people who were born between the 1980s and early 2000s. These…

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A: The average hourly wage in 1975=$6.50The average hourly wage in 2002 =$17

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A: The consumer price index (CPI) is used to measure the weighted basket of goods and services that a…

Q: According to John Rawls, society gains more from improving the welfare of the rich household. TRUE…

A: John Rawls gave his findings and theory on the social justice or welfare and describes the economy…

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A: Correlation/interrelationship does not surely bring causation/causality. Marriage & income…

Q: QUESTION 6 "The effect of having a brother on monthly earnings is $200." Why is this an example of…

A: 6) A causal statement is when one variable influences the other variable which leads to a decrease…

Q: Why is the typical American today more than 10 times richer than thetypical American a century ago?

A: The US economy is now the leader in the capitalist economies around the world. The growth and…

Q: Construct a set of contingency questions for usein a self-administered questionnaire that…

A: Contingency Questions are the questions, which depends on a particular response to the previous…

Q: solve

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Q: What would have been an economic and social impact of the Baby Boom in the late 1940s and the 1950s?…

A: The answer is - The demand for teachers would increase for two decades.

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A: Recession is a situation in which economic activity in an economy declines substantially. It…

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A: Employees: It refers to the people who are working in a company and they are getting salaries for…

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A: (Q) The labor force is made up of all people who are at least 16 years old and are capable of…

Q: The labor force is made up of all people who are at least 16 years old and are capable of working.…

A: The labor force includes the number of individuals/people who are employed and who are unemployed…

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A: Economics and accounting both involve a lot of number crunching. An accountant is a profession of…

Q: A______ is a person who was employed in the civilian labor force and was either fired or laid off

A: Meaning of Labor Economics:   The term labor economics is nothing but those market of workers,…

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A: In macroeconomics, we try to get an understanding of the economy as a whole by focusing our…

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A: Ans. In the simple circular flow model, there are two sectors that are 1) the Household sector and…

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A: The economics is derived from the GREEK word OKIONOMIA meaning management of household. It give the…

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A: Meaning of Opportunity Cost: The term opportunity cost refers to the situation under which the…

Q: The US government announced on October 14th, 2020 that Social Security checks for all US seniors…

A: The consumer price index is termed as the tool to measure the average change in price that consumers…

Q: ECONOMICS BACKGROUND/KEY TERMS/IDEOLOGY AND CONCEPTS/SIMILARITIES/DIFFERENCES i) Neoclassical

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A: Inflation can be seen as the rise in price level from one period to another. Real value = nominal…

Q: Assess the importance of Elinor Ostrom’s work for economists?

A: The tragedy of the commons The tragedy of the commons is a social and economic problem where…

Q: According to "Urbanization is Part of American Indian Ancestry", a steady migration to urban areas…

A: Answer is given below

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A: When talking about the distribution of income among different age groups, it can be said that the…

Q: Many individuals identify more with members of the population with which they share a common…

A: The correct option is D ‘Subcultural.

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A: One of the instruments economists use to predict future economic trends is the econometric model. To…

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A: The inflation is the rise in the aggregate price level. The inflation would result in the increase…

Q: A startup company produces luxury furniture. It purchases wood trom a local lumber mill and turns…

A: In the circular flow of the model, households are considered an economic agent that provides a…

Q: government intervention prevents the invisible hand's ability to coordinate the decisions of the…

A: The invisible hand mechanism suggested by Adam Smith, works for free market economy where market…

Q: Economist may agree with each other due to validity of alternative positive theories about how the…

A: Positive theories are the theories that are fact-based no one denies them. It tells us what is,…

Q: When the​ ________ interest rate is​ low, there are greater incentives to​ ________ and fewer…

A: Interest rate refers to an amount that is charged by a lender from a borrower and is a certain…