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- Define the term scarcity in context of economics. Pls explain in detail.Financial development, social capital, favourable business regulation, tradeopenness are different aspects of ‘social capability’ influencing innovationprocesses and, therefore, economic development. Make a ranking of these factorsaccording to their observed degree of importance for economic development (3points). Explain why ‘inclusiveness’ and ‘equality in opportunities’ canstrengthen the innovation capability of an economyO Investigation Board project.pptx X 9 Schoology sprep.schoology.com/common-assessment-delivery/start/5435449339?action=Donresume&submissionld3672186941 9 Home | Schoology D YouTube O Maps G youtube - Google S.. O Microsoft Office Ho.. O Application Sent Describe Your A atch the economy with its definition Command Economy Mixed Economy Market Economy : An economic system in which decisions about production and consumption are made by the government. Economic system in which decisions about production and consumption are made by both the govermment and individual producers & consumers. : Type of economic system most closely associated with the phrase "Laissez-faire". (Hands off) 3 4 6. e here to search II 立
- In a mixed-market economy a restaurant decides to stop selling burgers. This is an example of O Normative Analysis O Active but Limited Government O Freedom of Enterprise O Private PropertyDiscuss “Land” as a special input of production?E xplain in deatail.7. I The assigned New York Times and VOX articles summarize some of economists' feelings about the resiliency of cities in the face of COVID-19 and the growing acceptance of the work-from-home lifestyle. Please summarize these views. What are your thoughts? Will remote work doom cities or are agglomeration economies believed to be strong enough so that cities will retain their productivity advantage?
- 4:12 PMG b + .…. 0.62K/s 0a .ll 32% K 4_5915643745964919843.docx X : 1. Define the Following A. Economics B. Factors of Production C. Scarcity D.Opportunity Cost E. Law of Demand. E. Production Possibilities Curve G. Law of Supply H. Three basic questions all economic systems must answer 2. Let the following table represents the total utility of a given consumer, in the car dinal utility approach. 1 2 3 4 5 6 7 TUX TU 8 14 18 20 20 18 16 6. 10 13 15 16 16 14 MUX MUY MUX/Px MUy/Py A) Calculate the MUx and MUy and fill the table in the 4th and 5th rows. B) If the two products (X&Y) are free goods how many of X and Y should the con sumer take to maximize utility? C) What is the maximum utility of X and Y if they are free? D) Let now price of X is 4 bir per unit and price of Y is 2 bir per unit. Calculate M Ux/Px and MUy/Py and fill the 6th and 7th row. E) Assuming the consumer has any amount of money (enough budget) how man y of X and Y should the consumer buy, to maximize utility? F)…Differentiate positive statement from Normative statement and give 2 examples for the latter and former about our LGU response to the increasing number of Covid-19 positive cases.Pls help with below homework. Please explain how increased economic activity lead to improve economic well-being at the cost of sustainability ?
- What is neo-malthusians? What is anti-malthusians?Financial development, social capital, favourable business regulation, tradeopenness are different aspects of ‘social capability’ influencing innovationprocesses and, therefore, economic development. Make a ranking of these factorsaccording to their observed degree of importance for economic developmentWith reference to relevant example and diagrams, explain the concept of ProductionPossibility Frontier.