Q: What are the different phases of a trade cycle?
A: The economies around the world operate with the motive to enhance their development, and growth. The…
Q: Given this two-sector economy:
A: Since the question you have asked consists of multiple questions, we will answer the first 2 parts…
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A: Investment is the amount of financial resources invested into the new capital goods like plant and…
Q: what is micro?
A: Economics is the study of choices in the case of scarcity that means some decisions are made such as…
Q: Critically discuss the types of economic systems which exist and provide examples of countries where…
A: An economic system can be defined as any system that includes a mechanism for the production,…
Q: In the two-sector Lewis model, Lewis makes several assumptions. What does he assume about the…
A: The two sector model given by Arthur Lewis is frequently referred to as Lewis model. This model…
Q: How does agglomeration economies work? Cite the case of the Philippines to explain the answer
A: Economics as a subject deals with the allocation of scarce resources among humans with unlimited…
Q: What is machination of progress?
A: Definition In terms of globalisation and technical progress, the term "machination of progress" is…
Q: What influenced the in character of global corporations?
A: Note: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…
Q: What is the sector model used for?
A: The sector model, also referred to as the Hoyt model, could be a model of urban land use proposed in…
Q: What are the pros and cons of technological globalization?
A: Arjun Appadurai, who believed technical globalisation to be one of five'spheres of globalisation,'…
Q: Briefly explain the 'Lewis Two Sector' Model.
A: W Arthur Lewis suggested two economic growth business models, where one sector has the potential to…
Q: entrepreneurs are
A: Entrepreneurs are those individuals who start a business by taking various types of risks. They are…
Q: What is development policy and policy mix in microeconomics,please give two examples.
A: Macroeconomic policies:- There are three main macroeconomic policies:- 1) Fiscal policy:- Changes…
Q: Which factors explain the difference in per capita GDP between two countries according to the…
A: Answer - Need to find- Factors which difference in per capita GDP between two countries according to…
Q: How can we improve or fix the state of healt given the existence of the fourth industrial…
A: The Fourth Industrial Revolution is an approach to portraying the obscuring of limits between the…
Q: nich of the following types of economy describes the economy of the UK? a) A command economy. Ob) A…
A: The economy of the United states is considered as the mainly high developed free market economy and…
Q: What does machination of progress?
A: Globalization and technological progress are referred to as "machinations of progress." The…
Q: Q3. What is the Lewis dual sector model? What are the major drawbacks?
A: In 1954, Lewis published "Economic Development with Unlimited Labor Supplies," which would become…
Q: one-sector model
A: “Since you have posted a question with multiple sub-parts, we will solve first three subparts for…
Q: A complete macroeconomic model would not like include the following market A- labor B- capital C-…
A: Underground market is also known as black market i.e. illegal business of buying and selling of…
Q: Which of the following is NOT a reason that people and firms can increase productivity by focusing…
A: Focusing on a few priorities firm will be able to see the results faster. Firms increase…
Q: What do economists mean when they refer to improvements in technology?
A: Factors of productions are referred to the inputs that are used in the process of production to…
Q: What is the difference between opportunity zones and enterprise zones?
A: The investment refers to the expenditures which are made by the individuals in order to earn profits…
Q: How do the economic sectors differ?
A: Economic sectors refers to various different sectors of the economy each dealing with different…
Q: what is economic globalization's definition ?
A: Answer to the question is as follows:
Q: Under what circumstances does labor productivity grow?
A: If the quantity of money increases, the value for money decreases. Hence, it will not account for…
Q: What is a business problem? How can the business problem be solved?
A: A business refers to an act of exchanging goods and services for money. It is conducted by…
Q: What is the LPG Model of Development?
A: The LPG Model of Development was introduced by Dr. Manmohan Singh in 1991.
Q: What is the "endogenous growth model"?
A: Endogenous growth model implies that economic growth is primarily based on internal forces ( within…
Q: How does the division of labor increase productivity?
A: According to Adam Smith Division of labor is the concept where the task is divided in to different…
Q: What is economic globalization and what is its scopes
A: Economic Globalization refers to integration and coordination of international financial market and…
Q: Which of the following is not an “acronym” economy?
A: An acronym is a word shaped by contracting an expression by joining specific letters of words in the…
Q: A disadvantage of a traditional economic system is
A: Traditional Economic System is that system which relies on agriculture and is based upon beliefs,…
Q: How do countries know if their economic systems areworking?
A: An economic system is a method by which governments organize and distribute resources, services, and…
Q: Why is it brazil,india, and china is the most dynamic economies today?
A: Brazil, India and China are part of the BRICS. Brazil, Russia, India, and China (BRIC) are…
Q: Identify the economic participants represented by B and
A: Circular flow diagram is the diagram which shows the linkages/dependence of different sectors of the…
Q: What the index of leading indicators are?
A: Index of leading indicators is used to predict direction of global economic movements in future…
Q: What are the main topics studied in Macroeconomics? The behavior of industries a.
A: In economics, we study how scarce resources are used by decision-makers to satisfy the unlimited…
Q: Going back to the Circular Flow Model, which elements are used to help explain trade in services?
A: Circular Flow Model helps in finding the national income of the economy. In two sector model, there…
Q: Why do Urban populations are capital accumulating whereas rural populations are capital consuming?
A: There are business cycles which have to be known by the business groups all around the world.…
Q: Define the term economic community.
A: A group of countries agrees to significantly reduce or eliminate trade barriers among member…
Q: Describe Lancaster Pennsylvania's economy. Which sector is dominant in this town?
A: Introduction The Lancaster's economy is now ranked 37th in the USA. This is a projection based on…
Q: How does the innovation and knowledge sector contrast to that of the manufacturing sector? How does…
A: In economic terms, innovation refers to the creation and implementation of new ideas and technology…
What is the two sector model?
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