Average standard of living in Africa
Elucidate briefly the average standard of living in Africa?
Expert
It is exceptionally low. Africa is the most impoverished continent on the planet. The average African has lack access to safe drinking water and most generally lacks plumbing. ‘Informal housing’ is the rule with electricity and secure transportation remaining luxuries. Even life style aspects taken for granted through the average Russian or Mexican are out of reach for many Africans. In employment, most of Africans are unemployed or employed in farming.
Sub Saharan Africa in particular is one the world's poorest area. According to the World Bank seventy four point nine percent of the population lived on less than two dollar a day in the year of 2003; forty four percent lived on less than one dollar a day.
From roughly 1890 till 1970 year, the “structure-conduct-performance paradigm” controlled theories regarding how firms behave in various types of markets. The term “structure” in this expression refers to such
Price elasticities of supply and demand do NOT: (w) reflect desperation for goods and customers by buyers and sellers, respectively. (x) rise as the time period considered is expanded. (y) find out the economic incidence of a tax. (z) find out the leg
Of the given, the good for that demand is probable to be least price elastic is: (i) electricity used to light downtown streets. (ii) airline tickets in late December. (iii) Bic pens. (iv) chocolate milk. (v) Merit cigarettes. Q : Incentive to work and earn income The The incentive to work and earn income is likely to be least powerful if an individual who faces. (w) low income tax rates. making the cost of leisure high, and who possesses important amounts of valuable human capital. (x) high effect
The incentive to work and earn income is likely to be least powerful if an individual who faces. (w) low income tax rates. making the cost of leisure high, and who possesses important amounts of valuable human capital. (x) high effect
The union strategy which prevents the non-union employees of the firm from being free riders is to negotiate a contract which needs the firm to be a/an: (i) Agency shop. (ii) Open shop. (iii) Collective bargaining shop. (iv) Closed shop. (v) Union shop.
A demand curve which is perfectly price elastic is demonstrated into: (w) Panel A. (x) Panel B. (y) Panel C. (z) Panel D. Q : Testing Functional structure models Testing Functional structure models: It is often hard to tell whether the functional model structure chosen (which almost always in published work appears to generate consistent and robust results) is the only one tested or not. Q : Relatively less elasticity of demand Relative to demand curve D0D0, demand curve DD: (i) is relatively more elastic than D0D0 at a price of P1. (ii) is relatively more elastic than D0D0 at a price of P2. (iii) is relatively less elastic fo
Testing Functional structure models: It is often hard to tell whether the functional model structure chosen (which almost always in published work appears to generate consistent and robust results) is the only one tested or not. Q : Relatively less elasticity of demand Relative to demand curve D0D0, demand curve DD: (i) is relatively more elastic than D0D0 at a price of P1. (ii) is relatively more elastic than D0D0 at a price of P2. (iii) is relatively less elastic fo
Relative to demand curve D0D0, demand curve DD: (i) is relatively more elastic than D0D0 at a price of P1. (ii) is relatively more elastic than D0D0 at a price of P2. (iii) is relatively less elastic fo
Since longer time intervals are considered, then demands and supplies of most of the goods become: (i) Increasingly independent. (ii) Less subject to the adjustments through buyers and sellers. (iii) Flatter (that is, quantities adjust more fully to p
Can someone help me in finding out the right answer from the given options. However the idea that people seek happiness and try to evade pain dates back to Epicurus and other ancient Greeks, the individual generally acknowledged as the founder of the ‘modern&rsq
18,76,764
1936494 Asked
3,689
Active Tutors
1433670
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!