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- 2 ways that can Philippine government focus more on rural developmentrather than urban developmentIn Germany in 2009 there was considerable debate about the extent to which thegovernment should be intervening in the economy. For example, its citizens were worriedabout the future of Opel, a German car brand that was part of the ailing General Motors.Some wanted the government to make sure jobs were saved no matter what. Others,however, were more hesitant and worried about becoming the government becoming toointerventionist. Traditionally since the Second World War the German government hasseen itself as a referee in market issues and has avoided trying to control parts of theeconomy. It would regulate anti-competitive behaviour, for example, but not try to runmany industries. However in the recession of 2009 when the economy was shrinking thegovernment was forced to spend more to stimulate demand and had to intervene heavilyto save the banking sector from collapse. The government also had to offer aid tobusinesses to keep them alive. 1. What are the possible benefits of a…In Germany in 2009 there was considerable debate about the extent to which thegovernment should be intervening in the economy. For example, its citizens were worriedabout the future of Opel, a German car brand that was part of the ailing General Motors.Some wanted the government to make sure jobs were saved no matter what. Others,however, were more hesitant and worried about becoming the government becoming toointerventionist. Traditionally since the Second World War the German government hasseen itself as a referee in market issues and has avoided trying to control parts of theeconomy. It would regulate anti-competitive behaviour, for example, but not try to runmany industries. However in the recession of 2009 when the economy was shrinking thegovernment was forced to spend more to stimulate demand and had to intervene heavilyto save the banking sector from collapse. The government also had to offer aid tobusinesses to keep them alive. 1. What prompted greater intervention by the…
- What would happen in Ricardian model and the Heckscher-Ohlin model, a) If one country tried to export more to the other country? b) If one country restricted the amount of imports from the other country? c) What does this imply for trade policy? Please answer correct explain plz asap plz Don't answer by pen paper plzWhat is Ricardian equivalence? Give at least three reasons Ricardian equivalence mightnot correctly describe an economy.(1j) According to growth accounting studies, investing in research and education does not achieve as much growth as technology improvement would. is less effective than on the job training. is the best way to achieve greater technological progress.(my guess) (1k) When an outcome at the macroeconomic level is different from the outcome at the microeconomic level it is know as a macroeconomic externality. (my guess) cost production microeconomic externality. (1l) Important sources that influence a nation’s economic growth in the long run include a zero rate of population growth. low college graduation rates. a high rate of labor force growth. (my guess) (1m) An economy is considered to be in an expansion if real GDP has increased for two consecutive quarters.(my guess) it is moving from the trough to the peak of the business cycle. it is moving from the peak toward the trough of the business cycle. (1n) The country of Wakanda has an economy that will double in 10 years.…
- What is “Clintonomics”? Describe the changes to the U.S. economy during the 1990s. What role did Globalism play in those changes?2. Assess all the statements below and judge which of them is true and which is false.Provide a short justification for your assessment.According to the Ricardian model…a) …if only one of the countries have an absolute advantage, there is no reason for beneficialtrade.b) …if each country has a comparative advantage, there is a reason for beneficial trade.c) …if each country has a comparative advantage, to benefit from trade each country shouldspecialize in consumption and trade of the good in which they are comparatively more efficient.d) …if countries having comparative advantage engage in trade, there will be a net positive economic effect, but the distribution of the benefits might be uneven.e) …if countries having comparative advantage engage in trade, each country will equally benefitfrom trade.Which are the potential problem in the event that a country strictly "Optimizes" its production (i.e., specializes totally in one product) as the Ricardian model would be suggested in certain circumstances ?
- Explain how the government can use fiscal policy for capital formation and Technological Improvement in the process of economic development ( very shortly )“Even if we [the government] were to marshal every single resource at our disposal, and engage on ahuge expenditure of public funds, we would not alone be able to guarantee employment to the millionsof people who are out of work”.and that“Without growth there will be no jobs, and without jobs there will be no meaningful improvement in thelives of our peopletaxation is an essential fiscal policy tool for mobilizing resources for socio-economic development and in particular middle country such as Ghana. Discuss?