--%>
Assignment Help - homework help

Capital Labor Ratios and Income

Assume that half of the world population, randomly certain, was magically vaporized through space aliens, although no other aspect of life onto Earth was influenced. Ignoring any psychological trauma that calamity might entail, upon average, the economic well being of survivors would be: (1) decreased because of decreased specialization and exchange according to comparative advantage. (2) increased due to increases into the per capita availability of land and economic capital. (3) decreased due to declines in the total value of human capital on Earth. (4) increased because of improved efficiencies related with divisions of labor in productive processes. (5) unaffected since the total value of world production would not be influenced in a predictable direction.

How can I solve my Economics problem? Please suggest me the correct answer.

   Related Questions in Microeconomics

  • Q : Reduced effectiveness by pressure The

    The increased pace of globalization and the steady development of worldwide demands for petroleum-based products from 2002 have tended to decrease the: (w) derived demand for petroleum. (x) prices of gasoline and electricity. (y) pressures which had reduced OPEC's eff

    		•
  • Q : Reliablity with standard economic

    Which of the given behaviors is least reliable with standard economic suppositions regarding consumer behavior? (i) Gustav cannot decide which of three distinct combinations of goods he favors. (ii) Lynn hates pickled herring; however Chris is willing

    		•
  • Q : Problem on amount of goods in

    The Economics students are most probable to recall conceptually the different determinants of amounts of a good which people will purchase when they contemplated an acronym based on how: (i) Much they will spend out of their initial paycheck whenever

    		•
  • Q : Unitary price elasticity of demand curve

    HoloIMAGine has patented a holographic technology which makes 3-D photography obtainable to consumers. So the demand curve facing HoloIMAGine has unitary price elasticity at: (i) output q1. (ii) output q3. (iii) output q4

    		•
  • Q : Price discrimination to increase

    A firm can practice price discrimination to increase its profitability when this: (w) confronts a perfectly elastic demand curve. (x) is a pure quantity adjuster. (y) has some market power and is able to separate its customers into various groups alon

    		•
  • Q : Determine total cost of

    This profit-maximizing competitive firm's total cost as TC=TFC+TVC, as in demonstrated figure can be calculated as area: (i) 0P3fq4. (ii) P2P1de. (iii) P3P2ef. (iv) 0P<

    		•
  • Q : Quantity of good demanded A Rise in the

    A Rise in the quantity of frozen vegetarian lasagna demanded would be much probable to outcome from raises in the: (i) Cost of raw vegetables. (ii) Wages paid workers in lasagna developed plants. (iii) Number of people who perform strict vegetarianism. (iv) Costs of o

    		•
  • Q : Determine output by profit maximization

    LoCalLoCarbo that is the favorite corporation of fad dieters maximizes profit by making: (1) output q1 . (2) output q2 . (3) output q3 . (4) output q4 . (5) output q5 .

    Q : Expectations of price fall during sales

    Can someone help me in finding out the right answer from the given options. Pam’s expectations that the costs of shoes are going to drop all through forthcoming clearance sales will lead, in the short run, to a/an: (i) Reduction in her demand for shoes. (ii) Red

    		•
  • Q : Economic inefficiency per unit of output

    When this firm cannot price discriminate, after that the rate of economic inefficiency per unit of output which its exercise of market power yields equals to: (i) area 0PbQ0. (ii) distance af. (iii) area 0fcQ0. (iv) distance bc. (v) r

    		•