Explain Unemployment, Growth, and the Future
Explain Unemployment, Growth, and the Future?
Expert
A. Unemployment and productive inefficiency occur when the economy is producing less than full production or inside the curve.
B. In a growing economy, the production possibilities curve shifts outward.
1. When resource supplies expand in quantity or quality.
2. When technological advances are occurring.
C. Present choices and future possibilities: Using resources to produce consumer goods and services represents a choice for present over future consumption. It represents a choice for future over present goods by using resources to invest in education, technological advance, as well as capital goods. The conclusion in the present will create more/less economic growth in the future as how to deal out resources.
The perfectly competitive market structure benefits consumers since: w) firms do not generate goods at the lowest possible price within the long run. x) firms are forced through competitive pressure to be as efficient as possible. y) firms add a much
Question: Some commentators have argued that the failure of the "Super committee" is good thing for the economy? Do you agree? Answer: The Super committe
Illustrate the Public Sector Government’s Role of providing the legal structure?
How Reciprocal Trade Agreements Act had goal of reducing tariffs?
Briefly explain the term Earnings per share (or EPS)?
Evaluate and explain the statements: “The market system is a profit-and-loss economy”
Suppose studies show that students who study more hours receive higher grades. Is there any relationship which guarantees that any particular student who studies longer will get higher grades?
Give a brief introduction of the term net present value? Write down its admittable rules, their merits and demerits?
For rapid growth of world trade what are the factors of account since the Second World War?
Writ short note on the income of functional distribution?
18,76,764
1950450 Asked
3,689
Active Tutors
1447916
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!