How the economic action help the economy to grow

Assignment Help Microeconomics

Reference no: EM13238375

A growing economy means that the economy is producing more and more "stuff", either because it has more resources (workers), or uses those resources more productively (smarter, better workers, working with better machines and systems). A growing economy that produces more and more "stuff" normally means that the people have a higher and higher standard of living. If the government adopts a "free trade" policy towards all imports, including the low cost clothing question in which it places no barriers to importing items, can that action help the economy to grow?

Reference no: EM13238375

Questions Cloud

Calculate stock with a beta for capital-asset pricing model : Use the capital-asset pricing model to predict the returns next year of the following stocks, if you expect the return to holding stocks to be 12 percent on average, and the interest rate on three-month T-bills will be two percent.

What is the maximum possible value for d : A tourist being chased by an angry bear is running in a straight line toward his car at a speed of 5.73 m/s, What is the maximum possible value for d

What kind of effect would the tax have on the asian workers : instead of legislation banning the imports, assume that the government enacts a special tax on imported clothing that is so high that the selling price of the imports would be equal to the selling price of the same clothing made in America.

From what distance should the proton be fired : A proton with kinetic energy of 2.30 × 106 eV is fired perpendicular to the face of a large plate that has a uniform charge density, From what distance should the proton be fired so that it stops right at the surface of the plate

How the economic action help the economy to grow : A growing economy means that the economy is producing more and more "stuff", either because it has more resources (workers), or uses those resources more productively (smarter, better workers, working with better machines and systems).

Calculate acceleration of balloon : A baloon 1.2 g when empty has volume 800 cm ^3 and is filled with helium. density of air is 1.29 kg/m^3 while that of helium is .179 kg/m, calculate acceleration of balloon

Explain what is the partial pressure of ethane p ethane : What is the partial pressure of ethane P ethane , in the flask? Express your answer to three significant figures and include the appropriate units

What minimum amount that you must charge breakeven cost : You are a newspaper publisher. You are in the middle of a one-year rental contract for your factory that requires you to pay $500,000 per month, and you have contractual labor obligations of $1 million per month that you can't get out of.

Explain if the ph is increased at the electrode : At 25 C, the standard hydrogen electrode (SHE) has a half-cell potential that is defined to be 0.00 volts. If the pH is increased at this electrode (keeping everything else the same), at what pH will the half-cell potential be equal to -0.337 volt..

User Account

All Pages