What is infrastructure nfrastructuredevelopment?8.2 WHAT IS INFRASTRUCTURE?infrastructure provides supportingservices in the main areas of industrialand agricultural production, domesticand foreign trade and commerce. Theseservices include roads, railways, ports,airports, dams, power stations oil andgas pipelines, telecommunicationfacilities, the country's educationalsystem including schools and colleges.health system including hospitals,sanitary system including cleandrinking water facili-ties and the monetaryincludingsystembanks, insurance andother financial institutions. Some of thesfacilities have a diremoducticHowfacilitate/SoInfratranarewh

To connect supply chains and effectively move goods and services across borders, the economy needs…

Answered: What is infrastructure

Business

Economics

What is infrastructure

Economics For Today

10th Edition

ISBN:9781337613040

Author:Tucker

Publisher:Tucker

Chapter2: Productions Possibilities, Opportunity Costs, And Economic Growth

Section2.7: Present Investment And The Future Production Possibilities Curve

Problem 1GE

See similar textbooks

Similar questions

Carefully explain how the principles of sustainable development can be incorporated in anyeconomic sector of your choice in the Caribbean. What are the roadblocks (if any) tosustainability in your chosen economic sector? Ensure that you use real-world examples tosupport your views.
Suppose the following data reflect the production possibilities for providing health care and education: Units per Year Health Care 400 370 330 270 190 100 0 Education 0 20 40 50 60 70 80 (a) Graph the production possibilities curve. (b) If maximum health care is provided, how much education will be provided? (c) What is the opportunity cost of increasing health care from 270 to 330 units? Problem 4 Assume that total output is determined by the formula: Total Output = Number of Workers x Productivity (a) If the workforce is growing by 1 percent a year but productivity doesn’t improve, how fast can output increase? (b) If productivity increases by 3 percent and the number of workers increases by 1 percent a year, how fast will output grow? Problem 5 According to the News Wire “Inequality,” what is the average per capita income in nations where the highest-income decile gets…
Compare a hypothetical DVC with a hypothetical IAC. In the DVC, average per capita income is $500 per year. In the IAC, average per capita income is $40,000 per year. If both countries have a savings rate of 10 percent per year, the amount of savings per capita in the DVC will be per person per year, while in the IAC it will be per person per year. a. $50; $4,000. b. $5; $400. c. $450; $36,000. d. None of the above.
The health and medical sector is an extraordinarily broad and important component ofsociety. One way of identifying the importance of health, healing, and illness in societyis to note the extent to which the social institution of medicine is closely interwovenwith all or almost all other social institutions. Identify how the social institution ofmedicine interrelates with each of these othersocial institutions:
Some resource-rich countries have succeeded in converting resource wealth into longterm and equitable economic development, while many others have not. Naturalresources have played a fundamental role in the growth of several industrializedeconomies, including Germany and the United Kingdom, where coal and iron ore depositswere a precondition for the Industrial Revolution. The United States was the world’sleading mineral economy from the mid-nineteenth to the mid-twentieth century and in thesame period became the world’s leader in manufacturing (van der Ploeg 2011). Morerecently, countries such as Botswana, Chile, and Norway have used abundant oil andmineral resources as the foundation for economic growth. However, in many othercountries, resource extraction appears to have undermined governance, fed corruptionand capital flight, and increased inequality.Required:(a) Discuss the main challenges posed by resource revenues; and(b) Discuss the special fiscal institutions and mechanisms…
Examine your data from your “Country Organizer 2021” and your map that is now colored in. What patterns do you see? What if there are no patterns? What if your economic data and your social data do not correlate? That’s okay -- explain why you think they don’t correlate. Then examine if your economic data correlates to the wealth or poverty of a country and why? Or you could talk about how your social data correlates to the wealth or poverty of a country and why. You also need to discuss the exception. a) Write 1-2 paragraphs explaining the correlation. Make it a point to reference your data and country (countries) specifically. b) Write 1-2 paragraphs explaining the exceptions. Make it a point to reference your data and country (countries) specifically. Then use outside sources to confirm / support your assertion. No introduction paragraph is needed. Think about part a) and part b) as two separate sets of paragraphs. If we were physically in the building, i’d have you print…
Differentiate positive statement from Normative statement and give 2 examples for the latter and former about our LGU response to the increasing number of Covid-19 positive cases.
Consider Romer Model 2. Suppose there are two countries, rich and poorone. Both countries have the same population size, L and the same knowledgegeneration productivity parameter, z. At the beginning, time 0, the rich countryhas more knowledge stock than the poor one, Ar0 > Ap0, where subscript labelstime and superscript labels country being rich or poor. However, the fractionof researchers in poor country is larger than the one in rich country, ̄lp > ̄lr .Question 4 Part aIn which country, would you prefer to live in the short-run? How about in thelong-run?How long would it take for the poor country to reach rich one’s per capitaoutput level? Show your results analytically and graphically as well. (If you pre-fer solving this question numerically by assigning values to the above parametersand variables, feel free to do so
1- An example of a poverty trap is a. extended time periods without war b. a lack of mineral wealth c. A corrupt government d. laws and regulations to help detect fiscal fraud 2- Which of the following groups has the highest death rate? a. middle-income economies b. low-income economies c. high-income economies d. All the above economies 3- Models are used to describe cause-and-effect relationships a. True b. False
In Chapter 11, Tietenberg and Lewis note that market imperfections are a major cause of unsustainable development. What are some examples of market imperfections that hamper efforts to achieve sustainable development? Do such imperfections always lead to unsustainable outcomes? What are some economic incentive policies that might facilitate a transition from unsustainable to sustainable activities?
(a). Provide a definition of ‘technological capability’ and ‘social capability’ and describe the differences between them. Why can we say that innovation has a ‘systemic’ nature? (b). Financial development, social capital, favourable business regulation, trade openness are different aspects of ‘social capability’ influencing innovation processes and, therefore, economic development. Make a ranking of these factors according to their observed degree of importance for economic development. Explain why ‘inclusiveness’ and ‘equality in opportunities’ can strengthen the innovation capability of an economy. (c). Figure 1 below shows the cross-country correlation between the development of the education system and the level of economic development. Analyse Figure 1 by arguing about the importance of the education system for economic development in low, emerging, and developed countries. Please answer all the parts of this question.
Please no written by hand solution Assume a society consists of two economic? groups: one group is rich and the other group is poor. Suppose that 50 percent of the population is rich while the other 50 percent of the population is poor. Consider two scenarios. Scenario? A: The rich have ?$60000 ?each, while the poor have ?$2000 each. Scenario? B: The rich have ?$7500 ?each, while the poor have ?$750 each. If you only care about average income and not about? equity, you would prefer ? a or b ?, which has an average income of ?$ ________. ?(Enter your response to the nearest dollar?.) Now suppose that you only care about equity or inequality. In this? case, you would prefer ? Scenario B or Scenario A ?, which has a? rich-to-poor ratio of ________. ?(Round your response to one decimal place?.) ?Finally, suppose you only care about living standards. In this? case, you would prefer ? Scenario B or Scenario A because it has lower poverty.