Enjoy living standards that far exceed world averages

Assignment Help Business Economics
Reference no: EM131009629

Americans already enjoy living standards that far exceed world averages. How is the US able to produce so much with only 5% of the worlds arable land and 12% of the population? Describe at least three factors that impact US productivity. Economics

Reference no: EM131009629

Questions Cloud

Floating exchange rates floating exchange rates contributed : The common currency in Europe was created because (a) governments had come to the conclusion that the system of floating exchange rates floating exchange rates contributed to continuous trade imbalances, or because (b) they believed that a common cur..
What is the basic objective of monetary policy : What is the basic objective of monetary policy? what are the major strengths of monetary policy? give an example or two of recent monetary policy actions and it's impact on the economy.
Does the number of firms in the market rise or fall : In a monopolistically competitive market, the government applies a specific tax of $1 per unit of output. What happens to the profit of a typical firm in this market? Does the number of firms in the market rise or fall? Why?
What measures the goodness of a moving average forecast : What measures the goodness of a moving average forecast? Given the time series below find the 10th period’s forecast and the valve of MSE using n=3 and simple moving averge. period sales 1 33 2 35 3 28 with figure
Enjoy living standards that far exceed world averages : Americans already enjoy living standards that far exceed world averages. How is the US able to produce so much with only 5% of the worlds arable land and 12% of the population? Describe at least three factors that impact US productivity. Economics
Human slavery-bad governance and environmental degradation : Some of the most serious abuses taking place in developing countries deal with child labor, human slavery, sweatshops, bad governance, and environmental degradation. Select one (1) developing country, and examine the extent to which two (2) of these ..
The standard assumptions of microeconomic theory : Which of the following is NOT an example of consumer behavior consistent with the standard assumptions of microeconomic theory?
Extent does diversification help the farmer to reduce risk : Suppose that rice is pays out $1000 per hectare while quinoa also pays out $1000 per hectare if the rainy season is short. If the rainy season is long, rice pays out $400 per hectare while quinoa also pays out $400 per hectare. In this scenario, to w..
What must spot rate be to eliminate arbitrage opportunities : A currency dealer has good credit and can borrow either $1,000,000 or €800,000 a year. The one year inflation rate in the US is π$=2.5% and in the euro zone the one year inflation rate is π€=5.5%, the one year forward exchange rate is $1.20=€1.00, wh..

Reviews

Write a Review

 

Business Economics Questions & Answers

  Find the backward induction solution of the game

Find the Backward Induction solution of the game. How would the answer change if we reversed the roles of player 1 and 2 in the first two rounds of the game in c?

  Explain the contemporary theories and styles of leadership

veraging Organizational Behavior and Management to Maximize Business Success Presentation Due at Midnight EST

  Calculate and explain the two-part pricing strategy

You have just been hired as manager of a new golf club. The golf club has market power over its members. The club owner wants you to come up with a two-part pricing strategy to maximize profits for the club. The average golfer’s monthly demand is P =..

  The events could elucidate this change

Home produced 450 bushels of pears also 1050 cellular phones. This year it produced 450 bushels of pears also 2000 cellular phone.

  Insurance companies report that these plans lose them money

Federal Law allows workers who leave a job to continue to participate in the health insurance they were receiving through their previous employer. However, they have to pay the full monthly premium (including both the employee and employer portions),..

  Determine the maximum consumption of these consumers

The inverse demand function of a group of consumers for a given type of widgets is given by the following expression: π = −10q + 2000[$] where q is the demand and π is the unit price for this product. Determine the maximum consumption of these consum..

  Compare the total costs in parts a and b

Compare the total costs in parts a and b. If the government does not know the cost of pollution reduction for each firm, is there still some way to reduce pollution to 50 tonnes at the total cost calculated in part a?

  What is effect of increase in tax rate on interest income

What is the effect of an increase in the tax rate on interest income on the supply of and the demand for loan able funds?

  Cutting taxes during a recession

Which of the following is not a valid point in debating the merits of increasing government expenditures or cutting taxes during a recession?

  Review the discussion board posts of your classmates

Classmates and comment on their descriptions of the circular flow diagram and factors of production. Discuss how circular flow relates to current economic situations.

  What is the nature of cross subsidy its extent

What is the nature of cross subsidy, its extent, and its consequences for the pricing of new long distance entrants in comparison to AT&T?

  Assume you have been hired as a managing consultant by a

Assume you have been hired as a managing consultant by a company to offer some advice that will help it make a decision as to whether it should shut down completely or continue its operations. It currently uses 100 workers to produce 6,000 units of o..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd