Economics – Long Answer
... process. The engineering and managerial problems of technical efficiency are assumed to be solved, so that analysis can focus on the problems of allocative efficiency. The firm is assumed to be making allocative choices concerning how much of each input factor to use, given the price of the factor ...
... process. The engineering and managerial problems of technical efficiency are assumed to be solved, so that analysis can focus on the problems of allocative efficiency. The firm is assumed to be making allocative choices concerning how much of each input factor to use, given the price of the factor ...
Measuring the Effects of Structural Reforms in Malta: an analysis
... and low competition are still widespread. In fact, estimates of product market mark-ups in Malta are relatively high compared with other European countries, with mark-ups being on average higher in the services industries than the manufacturing industries, which are more export oriented.5 At the sam ...
... and low competition are still widespread. In fact, estimates of product market mark-ups in Malta are relatively high compared with other European countries, with mark-ups being on average higher in the services industries than the manufacturing industries, which are more export oriented.5 At the sam ...
Ch32 Macroeconomic Policy Around the World Multiple Choice
... 38. In 2010, many high-income countries will be focused on the short-term economic horizon due to aggressive and often controversial steps governments took to jump-start these economies out of severe recession. Considering the economic challenges that result from these policies, which of the followi ...
... 38. In 2010, many high-income countries will be focused on the short-term economic horizon due to aggressive and often controversial steps governments took to jump-start these economies out of severe recession. Considering the economic challenges that result from these policies, which of the followi ...
Economic Strategy - ACT Department of Treasury
... supported largely by accommodative monetary policy and lower energy prices. The primary economic risks facing the outlook for the Euro region are political, including a possible British exit from the European Union. Japan’s weak growth outlook is expected to continue despite highly accommodative mon ...
... supported largely by accommodative monetary policy and lower energy prices. The primary economic risks facing the outlook for the Euro region are political, including a possible British exit from the European Union. Japan’s weak growth outlook is expected to continue despite highly accommodative mon ...
The Role of ICT in Australia`s Economic
... and among organisations that have allowed key industries to grow faster, and thus the economy as a whole to grow faster and with less vulnerability to inflationary pressure. Some have gone a fair bit further, foreseeing endless growth and the abolition of the business cycle. These more extravagant c ...
... and among organisations that have allowed key industries to grow faster, and thus the economy as a whole to grow faster and with less vulnerability to inflationary pressure. Some have gone a fair bit further, foreseeing endless growth and the abolition of the business cycle. These more extravagant c ...
ps1_answers
... PPF 2. In this problem we will be examining the United States' and China's hypothetical production possibility curves (ie. production possibility frontiers). Instead of placing narrow types of goods on the two axes, we will be placing very broadly defined goods on the axes. These good categories wil ...
... PPF 2. In this problem we will be examining the United States' and China's hypothetical production possibility curves (ie. production possibility frontiers). Instead of placing narrow types of goods on the two axes, we will be placing very broadly defined goods on the axes. These good categories wil ...
Chapter 29 Aggregate Demand and Aggregate Supply
... 20. The shape of the immediate-short-run aggregate supply curve implies that: A. total output depends on the volume of spending. B. increases in aggregate demand are inflationary. C. output prices are flexible, but input prices are not. D. government cannot bring an economy out of a recession by inc ...
... 20. The shape of the immediate-short-run aggregate supply curve implies that: A. total output depends on the volume of spending. B. increases in aggregate demand are inflationary. C. output prices are flexible, but input prices are not. D. government cannot bring an economy out of a recession by inc ...
wiiw Working Paper 45: Do Increased Private Saving Rates Spur
... pension system is financed. It can hardly be expected that a transition from the pay-asyou-go system to a capital-funded system would boost population growth or shorten average life expectancy. Similarly, there is no reason to believe that such a move would help reduce unemployment. Despite this, pr ...
... pension system is financed. It can hardly be expected that a transition from the pay-asyou-go system to a capital-funded system would boost population growth or shorten average life expectancy. Similarly, there is no reason to believe that such a move would help reduce unemployment. Despite this, pr ...
expansion of fields of study
... level of savings and investment can cause fluctuations in the level of economic activity ♦ Describe the effects of these ...
... level of savings and investment can cause fluctuations in the level of economic activity ♦ Describe the effects of these ...
Lecture6 - UCSB Economics
... Why does consumption fall by 20% between 1929 and 1933? income has fallen and a large fraction of people are unemployed times are bad, sentiment and expectations are low, and people save for a rainy day if ...
... Why does consumption fall by 20% between 1929 and 1933? income has fallen and a large fraction of people are unemployed times are bad, sentiment and expectations are low, and people save for a rainy day if ...
Economic Spotlight - Working Smarter: Productivity in Alberta
... on labour force participation rates and hours worked. The only thing different in each The impact of aging is still to come scenario is how much productivity grows. Assuming Alberta’s productivity growth Aging has long been discussed as averages what it did over the past decade at 0.9% a year, long‑ ...
... on labour force participation rates and hours worked. The only thing different in each The impact of aging is still to come scenario is how much productivity grows. Assuming Alberta’s productivity growth Aging has long been discussed as averages what it did over the past decade at 0.9% a year, long‑ ...
In a mixed economy, what to produce and how much to produce are
... c. The federal government spends more than it collects in taxes in a given year d. High levels of unemployment use up tax collections e. Interest payments on the national debt increase from one year to the next 6. Under which of the following conditions would consumer spending most likely increase? ...
... c. The federal government spends more than it collects in taxes in a given year d. High levels of unemployment use up tax collections e. Interest payments on the national debt increase from one year to the next 6. Under which of the following conditions would consumer spending most likely increase? ...
The Riksbank`s Business Survey, February 2016
... Parts of the export industry are still being affected by uncertainty surrounding global demand. The energy and commodity sectors are particularly weak. However, the rest of the export industry is benefitting from a slow but stable increase in demand in Europe. The February survey features a more det ...
... Parts of the export industry are still being affected by uncertainty surrounding global demand. The energy and commodity sectors are particularly weak. However, the rest of the export industry is benefitting from a slow but stable increase in demand in Europe. The February survey features a more det ...
PDF
... Chinese agriculture was under a heavy tax burden and the revenues were used to subsidize urban and industrial development (Yao, 2000). Although several studies have outlined the theoretical relationship between agriculture and economic growth, disagreements still persist. The causal dynamics betwee ...
... Chinese agriculture was under a heavy tax burden and the revenues were used to subsidize urban and industrial development (Yao, 2000). Although several studies have outlined the theoretical relationship between agriculture and economic growth, disagreements still persist. The causal dynamics betwee ...
IMPACT OF FOREIGN DIRECT INVESTMENT ON ECONOMIC GROWTH IN PAKISTAN
... developed (technological leaders) and developing countries (technological followers). FDI has a positive effect on TFP growth in developed countries but a negative effect in developing countries but the pattern is reversed in case of effect on capital accumulation. De Mello infers from these finding ...
... developed (technological leaders) and developing countries (technological followers). FDI has a positive effect on TFP growth in developed countries but a negative effect in developing countries but the pattern is reversed in case of effect on capital accumulation. De Mello infers from these finding ...
07 HF DSM LCG JULY 2011
... In Japan, the second half GDP bounce-back from the economic contraction caused by the tsunami and nuclear situation earlier in the year seems to be unfolding as expected. And in China, a soft landing increasingly looks likely. While many analysts point to possible bad debts at the Chinese banks as a ...
... In Japan, the second half GDP bounce-back from the economic contraction caused by the tsunami and nuclear situation earlier in the year seems to be unfolding as expected. And in China, a soft landing increasingly looks likely. While many analysts point to possible bad debts at the Chinese banks as a ...
AP Macro Economics 2005 Section I MACROECONOMICS Section I
... B. the Internal Revenue Service spends more than it collects in taxes in a given year C. the federal government spends more than it collects in taxes in a given year D. high levels of unemployment use up tax collections E. interest payments on the national debt increase from one year to the next 6 U ...
... B. the Internal Revenue Service spends more than it collects in taxes in a given year C. the federal government spends more than it collects in taxes in a given year D. high levels of unemployment use up tax collections E. interest payments on the national debt increase from one year to the next 6 U ...
O A
... same goods are produced domestically, are produced in the host country. Vertical foreign direct investment, multinational corporations and the connecting means between the pre-and postProduction Company. In this type of foreign direct investment, foreign direct investment in order to access to raw m ...
... same goods are produced domestically, are produced in the host country. Vertical foreign direct investment, multinational corporations and the connecting means between the pre-and postProduction Company. In this type of foreign direct investment, foreign direct investment in order to access to raw m ...
Document
... reflect the fact that higher interest rates cause more people to invest their funds. B. The investment function is positively sloped to reflect the fact that lower interest rates cause more firms to expand their operations. C. Along a given investment function, higher interest rates result in more i ...
... reflect the fact that higher interest rates cause more people to invest their funds. B. The investment function is positively sloped to reflect the fact that lower interest rates cause more firms to expand their operations. C. Along a given investment function, higher interest rates result in more i ...
12bggSupplyUnit3Macro
... relationship between RGDP produced and price level, once input prices have been able to respond to changes in output prices. The vertical curve reflects the fact that producers are willing to supply is not affected by changes in price. ...
... relationship between RGDP produced and price level, once input prices have been able to respond to changes in output prices. The vertical curve reflects the fact that producers are willing to supply is not affected by changes in price. ...
Ragnar Nurkse's balanced growth theory
The balanced growth theory is an economic theory pioneered by the economist Ragnar Nurkse (1907–1959). The theory hypothesises that the government of any underdeveloped country needs to make large investments in a number of industries simultaneously. This will enlarge the market size, increase productivity, and provide an incentive for the private sector to invest.Nurkse was in favour of attaining balanced growth in both the industrial and agricultural sectors of the economy. He recognised that the expansion and inter-sectoral balance between agriculture and manufacturing is necessary so that each of these sectors provides a market for the products of the other and in turn, supplies the necessary raw materials for the development and growth of the other.Nurkse and Paul Rosenstein-Rodan were the pioneers of balanced growth theory and much of how it is understood today dates back to their work.Nurkse's theory discusses how the poor size of the market in underdeveloped countries perpetuates its underdeveloped state. Nurkse has also clarified the various determinants of the market size and puts primary focus on productivity. According to him, if the productivity levels rise in a less developed country, its market size will expand and thus it can eventually become a developed economy. Apart from this, Nurkse has been nicknamed an export pessimist, as he feels that the finances to make investments in underdeveloped countries must arise from their own domestic territory. No importance should be given to promoting exports.