Micro Economics For Today
10th Edition
ISBN: 9781337613064
Author: Tucker, Irvin B.
Publisher: Cengage,
expand_more
expand_more
format_list_bulleted
Question
Chapter 17, Problem 17SQ
To determine
Item which is not an infrastructure of an economy.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solutionStudents have asked these similar questions
Critically evaluate how happiness is related to economic development. Use Macroeconomics and Microeconomics theories. use graphs too
Political economists have offered a range of explanations of economic and human development. These explanations can be grouped into two types: political and economic. Which type of account best explains why some countries are developed but not others?
Answer in detail.
The technology plays an important role in the development of an economy. How?
Chapter 17 Solutions
Micro Economics For Today
Ch. 17.2 - Prob. 1GECh. 17.2 - Prob. 2GECh. 17 - Prob. 1SQPCh. 17 - Prob. 2SQPCh. 17 - Prob. 3SQPCh. 17 - Prob. 4SQPCh. 17 - Prob. 5SQPCh. 17 - Prob. 6SQPCh. 17 - Prob. 7SQPCh. 17 - Prob. 8SQP
Ch. 17 - Prob. 9SQPCh. 17 - Prob. 10SQPCh. 17 - Prob. 11SQPCh. 17 - Prob. 12SQPCh. 17 - Prob. 1SQCh. 17 - Prob. 2SQCh. 17 - Prob. 3SQCh. 17 - Prob. 4SQCh. 17 - Prob. 5SQCh. 17 - Prob. 6SQCh. 17 - Prob. 7SQCh. 17 - Prob. 8SQCh. 17 - Prob. 9SQCh. 17 - Prob. 10SQCh. 17 - Prob. 11SQCh. 17 - Prob. 12SQCh. 17 - Prob. 13SQCh. 17 - Prob. 14SQCh. 17 - Prob. 15SQCh. 17 - Prob. 16SQCh. 17 - Prob. 17SQCh. 17 - Prob. 18SQCh. 17 - Prob. 19SQCh. 17 - Prob. 20SQ
Knowledge Booster
Similar questions
- Infrastructure contributes to the economic development of a country explainarrow_forward28. Country A has a GDP-per-capita of $500, and Country B has a GDP-per-capitaof $75,000. Which of the following is NOT a plausible reason for Country B’s higherGDP-per-capita?(A) Country B has more open and inclusive economic and political institutions.(B) Country B has more natural resource wealth.(C) Country B has lower productivity.(D) Country B has more capital.arrow_forwardClassic Theories of Economic Growth and Development If the Philippines has to learn from Rostow, Harrod, and Domar, development can only happen when a country prepares for it. Given that premise, 1. Discuss five (5) ways which the country can do to increase its savings rate. 2. Describe fully five (5) ways that will ensure that if the Philippine government has accumulated savings, it will be used properly. Here is some information about Rostow, Harrod, and Domar:https://docs.google.com/presentation/d/1CWG0Ut4AieAGZvd2XrgiD4_pxUxU0_2JfQEIY7NTRbc/edit#slide=id.p1arrow_forward
- The United States, we have a highly developed free-enterprise economy with the majority of productive resources privately owned rather than government owned. Why does private enterprises are more than government enterprises in US.arrow_forwardWhat are the major government policies play in effective role in the growth and development of a country ?arrow_forwardThe source for this dataset is The World Bank. data.worldbank.org/indicator/NY.GDP.PCAP.CD(a) In 2022, what are the 6 richest countries in the world?(b) In 2022, what are the 6 poorest countries in the world(c) In 2022, how many times richer is the average person of the richest country thanthe average person of the poorest country in the world?2. For the countries that have data for 1960, compute the average ANNUAL growth rate ofper capita GDP between 1960 and 2022.(a) What 5 countries have grown the MOST over this period? What are their growthrates?(b) What 5 countries have grown the LEAST over this period? What are their growthrates?3. Write down some of your thoughts about WHY some countries are rich and some countriesare poor.arrow_forward
- What and how certain economic indicators are impacting the Economy of Pakistan? Discuss.arrow_forwardDiscuss the merits and demerits of real GDP per capita a measure of a country’s living standardarrow_forwardWhat are 3 economic indicators that are important to evaluate the economic situation of a countryarrow_forward
- Hey! I need help with the following question, which divides into fourmsub-questions, thank you in advance! Question: Two countries, Ruritania and Francia, have the same population, the same stock of physical capital, and the same human capital per worker in the year 2015. But Ruritania has a GDP per capita of $55,000 (in 2015 PPP), while Francia’s GDP per capita is $50,000 (again in 2015 PPP). What explains the 10 percent GDP per capita difference between the two countries? Ruritania goes on a public spending spree and builds new factories and infrastructure, increasing its physical capital stock by 20 percent between 2015 and 2020. In the meantime, the stock of physical capital in Francia and population and human capital per worker in either country remain constant. GDP per capita in Francia remains at $50,000 (in 2015 PPP), while Ruritania’s increases to $75,000 (also in 2015 PPP). What explains the 50 percent GDP per capita difference between the two countries in 2020?…arrow_forwardwhy is the reason that some country are not yet developedarrow_forwardList and analyse the main economic and social indicators of Nigeria. You may compare your Nigeria to the average region/continent which it belongs to (for example, if you Country is China, you may compare it to Asia or South East Asia region).arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- Economics Today and Tomorrow, Student EditionEconomicsISBN:9780078747663Author:McGraw-HillPublisher:Glencoe/McGraw-Hill School Pub Co
Economics Today and Tomorrow, Student Edition
Economics
ISBN:9780078747663
Author:McGraw-Hill
Publisher:Glencoe/McGraw-Hill School Pub Co