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Which type of graph will be suitable for representing the above sales revenue by regions
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- Los puntos _________ de la Frontera de Posibilidades de Producción son posibles pero ineficientes. Los puntos _________ la Frontera de Posibilidades de Producción son posibles y eficientes. Los puntos _________ de la Frontera de Posibilidades de Producción no son posibles dada la tecnología y los recursos disponibles. Grupo de opciones de respuesta a) fuera; sobre; dentro b) dentro; sobre; fuera c) dentro; fuera; sobre d) sobre; dentro; fuera2.what is one of the core propostions underpinning an istitution-base viewbof global businessProvide detailed answer to each of the followinga) Various skills required by entrepreneurs with proper examples for each from thescenario of Pakistanb) Various risks associated with entrepreneurship with proper examples for eachfrom the scenario of Pakistanc) Various characteristics of any two forms/ types of entrepreneurshipd) Advantages of entrepreneurshipe) Discuss contribution of any two leading technopreneurs with the significance oftheir entrepreneurship
- Question 2You have been employed as the chief economist for the economy UWI Land. The head statistician has provided you with the following information:Compensation of Employees900Corporate profits 400Factor income paid to the world 325Factor Income received from the world170Indirect taxes 775Subsidies 125Depreciation 120Consumption of goods 850Net interest 75Rent Income 125Consumption of services 475Residential investments 350Non-residential investments525Government Expenditure 925Imports 700Exports 300Proprietor’s income 300Calculate UWI Land’s GDP using the Income and Expenditure ApproachQuestion 1Define the difference between following terms :i) Microeconomics versus Macroeconomicsii) Normative statements versus positive statementsiii) Change in Supply versus change in quantity suppliediv) Law of Demand versus law of supplyv) Determinants of Demand versus determinants of Supplyvi) Opportunity cost versus Marginal costvii) Price Elasticity of Demand versus Cross-Price Elasticity of Demand.viii) Perfect competition versus competitive marketsix) Invisible hand theory versus price controlsx) ‘Free lunch’ versus ‘there’s no such thing as free lunch’xi) ‘How people make decisions’ versus ‘How people interact’ Note: kindly answer the all above terms with example if you want upvote for your answer thanksWhat are four responses to the claim that people should not behave in the way described in this chapter?
- What assumptions about the economy must he true for the invisible hand to work? To what extent are those assumptions valid in line real world?You just got a job in Washington, D.C. You moveinto an apartment with some acquaintances. All yourroommates, however, are slackers and do not clean upafter themselves. You, on the other hand, can clean fasterthan each of them. You determine that you are 70%faster at dishes and 10% faster with vacuuming. All ofthese tasks have to be done daily. Which jobs shouldyou assign to your roommates to get the most free timeoverall? Assume you have the same number of hours todevote to cleaning. Now, since you are faster, you seemto get done quicker than your roommate. What sortsof problems may this create? Can you imagine a traderelated analogy to this problem?On a microeconomic demand curve, a decrease in price causes an increase in quantity demanded because the product in question is now relatively less expensive thansubstituteproducts.Explainwhyaggregatedemand does not increase for the same reason in response to a decrease in the aggregate price level. In other words, whatcausestotalspendingtoincreaseifitisnotbecause goods are now cheaper?
- WORLD VIEW World's Largest Armies Rank Country Active Military 1 China 2,183,000 2 India 1,362,000 3 United States 1,282,000 4 North Korea 1,280,000 5 Russia 1,014,000 6 Pakistan 654,000 7 South Korea 525,000 8 Iran 523,000 9 Turkey 510,600 10 Vietnam 482,000 Source: U.S. Central Intelligence Agency 2019. Enter responses in Whole Numbers: If an average North Korean Farmer produces 1500 pounds of food per year, what is the opportunity cost, in pounds of food, of North Korea's Army? If a person needs 500 pounds of food per year to survive, how many people good have been fed with the forgone food output?The world in which we live is complex and to understand it, human beings make use of some orother simplification process. A theory can accordingly be seen as an attempt to simplify things.Such an observation may come as a surprise to those who have often heard remarks to the effectthat such and such a theory is difficult, or at the least terribly complicated. We should neverthelessremind ourselves that a theory involves an attempt to simplify things – it is the world out there thatis the complicated entity. A particular theory (or model) is merely trying to reduce it to manageableproportions, at least as far as understanding our environment is concerned.”In economics, theory is presented in a simple form by making the…1.23a) Post hoc assumptionb) Fallacy of compositionc) Ceteris paribus assumptiond) Blinkered approachWhy might intangible resources like humancapital and intellectual assets be a more likelysource of sustainable competitive advantagethan tangible resources?