--%>
Assignment Help - homework help

Explain Unemployment, Growth, and the Future

Explain Unemployment, Growth, and the Future?

E

Expert

Verified

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.

   Related Questions in Business Economics

  • Q : Illustrate Rational Behaviour of

    Illustrate Rational Behaviour of Economic Perspective?

    		•
  • Q : Introduction of the term Operating

    Give a brief introduction of the term Operating Leverage?

    		•
  • Q : Gains from the Exchange Even people who

    Even people who are extremely good at everything couldn’t encompass: (i) absolute benefits in approximately everything. (ii) Much higher incomes than average. (iii) Comparative benefits in everything. (iv) Superior natural endowments of talent.

    Q : Theories of capital structure Write

    Write down the theories of capital structure?

    		•
  • Q : Capitalism-Tightly regulate business I

    I have a problem in economics on Capitalism-Tightly regulate business. Please help me in the following question. The govt. in a purely capitalist state would not: (1) Find out the property rights. (2) Enforce contracts among private parties. (3) Offer

    		•
  • Q : Importance of rationally optimal

    Economic scarcity is pervasive, that makes choices essential. Therefore, rationally optimal decisions hinge upon tradeoffs which essentially reflect: (i) cooperation to minimize human greed. (ii) opportunity costs. (iii) competitive social behavior. (

    		•
  • Q : Illustrate the Goals of Mixed Economy

    Illustrate the Goals of Mixed Economy?

    		•
  • Q : Answer the following questions based on

    The dataset used in this question contains data on 180 economics journals for the year 2000. The variable descriptions are as follows: logoclc - log of the number of library subscription loglibcit - log of the library subscription price per citation.

  • Q : Utilization of resources in production

    The points on a production possibilities curve communicate to combinations of goods which: (1) Can’t be generated with no technological advances. (2) Utilize all resources fully and efficiently in the production. (3) Can be generated, however use economic capaci

    		•
  • Q : Assertion for the levying of a tax on

    Use the circular flow model to confirm this assertion for the levying of a tax on air polluters?

    		•