The Determinants of Labour Demand in the Lubelskie Voivodship
... Information delivered to public employment agencies usually involves less-attractive jobs with low competence requirements. More information on vacancies is provided by labour-demand surveys conducted by the CSO, but these fail to provide data broken down by voivodships. That is why, in practice, th ...
... Information delivered to public employment agencies usually involves less-attractive jobs with low competence requirements. More information on vacancies is provided by labour-demand surveys conducted by the CSO, but these fail to provide data broken down by voivodships. That is why, in practice, th ...
ECONOMICS 1
... describe the factors of production. B. Explain major criteria used by economists to evaluate economic systems. C. Identify the assumptions of the production-possibilities model and calculate opportunity costs on a production-possibilities schedule or curve. D. Identify, explain the importance of and ...
... describe the factors of production. B. Explain major criteria used by economists to evaluate economic systems. C. Identify the assumptions of the production-possibilities model and calculate opportunity costs on a production-possibilities schedule or curve. D. Identify, explain the importance of and ...
Second Midterm and Answers
... 8. Suppose an economy experiences technological improvement, so that the marginal productivity of labor increases at the current level of labor usage. Assuming that the equilibrium level of capital is constant, which of the following statements describes the impact of this technological change on th ...
... 8. Suppose an economy experiences technological improvement, so that the marginal productivity of labor increases at the current level of labor usage. Assuming that the equilibrium level of capital is constant, which of the following statements describes the impact of this technological change on th ...
income
... • At low levels of income, only the elite have access to income-producing technology. • As incomes rise, the non-elite gain access to the technology and produce income, apparently redistributing some to the poorer segments • When incomes rise sufficiently, all who can profit from IT have it and now ...
... • At low levels of income, only the elite have access to income-producing technology. • As incomes rise, the non-elite gain access to the technology and produce income, apparently redistributing some to the poorer segments • When incomes rise sufficiently, all who can profit from IT have it and now ...
Population Aging and Potential Growth in Asia
... In this paper, we rely on population projections from the World Bank’s Health, Nutrition, and Population Statistics.1 We use projections for Asian economies of the shares of the population between the ages of 15 and 64, and aged 65 years and older. The former group is usually considered the economic ...
... In this paper, we rely on population projections from the World Bank’s Health, Nutrition, and Population Statistics.1 We use projections for Asian economies of the shares of the population between the ages of 15 and 64, and aged 65 years and older. The former group is usually considered the economic ...
Sluggish Global Economy Weighs on Asia`s Growth
... low growth of motorcycle sales, a decline in business optimism, and slow credit growth. With persistently high inflation, monetary policy has little room to counter the slowdown in economic growth. Given these challenges, India’s GDP is expected to grow 6.5% in FY2012 and 7.3% in FY2013. Despite the ...
... low growth of motorcycle sales, a decline in business optimism, and slow credit growth. With persistently high inflation, monetary policy has little room to counter the slowdown in economic growth. Given these challenges, India’s GDP is expected to grow 6.5% in FY2012 and 7.3% in FY2013. Despite the ...
Chapter 10
... Investment by the value of G. An economy in balance has not only S=I but G=T, so the element that needs to be added to the analysis is T (Taxes). The CF will shift down by MPC*(amount of taxes). This is because taxes decrease both Consumption and Saving. B. Equilibrium: Adjust the initial CF line up ...
... Investment by the value of G. An economy in balance has not only S=I but G=T, so the element that needs to be added to the analysis is T (Taxes). The CF will shift down by MPC*(amount of taxes). This is because taxes decrease both Consumption and Saving. B. Equilibrium: Adjust the initial CF line up ...
Fiscal Policy
... • Because monetary and fiscal policy can influence aggregate demand, the government sometimes uses these policy instruments in an attempt to stabilize the economy. • Economists disagree about how active the government should be in this effort. – Advocates say that if the government does not respond ...
... • Because monetary and fiscal policy can influence aggregate demand, the government sometimes uses these policy instruments in an attempt to stabilize the economy. • Economists disagree about how active the government should be in this effort. – Advocates say that if the government does not respond ...
CFO11e_ch35
... The Supply of Pounds (Demand for Dollars) 1. Firms, households, or governments that import U.S. goods into Great Britain or want to buy U.S.-made goods and services 2. British citizens traveling in the United States 3. Holders of pounds who want to buy stocks, bonds, or other financial instruments i ...
... The Supply of Pounds (Demand for Dollars) 1. Firms, households, or governments that import U.S. goods into Great Britain or want to buy U.S.-made goods and services 2. British citizens traveling in the United States 3. Holders of pounds who want to buy stocks, bonds, or other financial instruments i ...
(b) Stabilization funds: the lost paradise?
... Developing countries following this strategy face social costs and economic arbitrage According to Guidotti-Greenspan rule, liquid reserves should equal a country’s foreign liabilities. This strategy implies costs arising from spread between private sector’s cost of short-term borrowing abroad ...
... Developing countries following this strategy face social costs and economic arbitrage According to Guidotti-Greenspan rule, liquid reserves should equal a country’s foreign liabilities. This strategy implies costs arising from spread between private sector’s cost of short-term borrowing abroad ...
Understanding R&D Policy: Efficiency or Politics? ECONOMICS
... Governments, therefore, design policies to increase the amount of R&D in the economy. One the one hand, policies such as anti-brain-drain measures, financial market reforms, improvement of the patent protection system, and tax relief, among others, try to incentive private R&D. Government-funded R&D ...
... Governments, therefore, design policies to increase the amount of R&D in the economy. One the one hand, policies such as anti-brain-drain measures, financial market reforms, improvement of the patent protection system, and tax relief, among others, try to incentive private R&D. Government-funded R&D ...
Growing Our Economy through Innovation
... and much output we produce per worker, i.e. labor productivity. The amount of labor hours changes mostly as the working population changes, for example from 1990 to 2010 labor hours contributed 0.5 percentage points to annual economic growth.6 Labor productivity, however, has a much bigger impact on ...
... and much output we produce per worker, i.e. labor productivity. The amount of labor hours changes mostly as the working population changes, for example from 1990 to 2010 labor hours contributed 0.5 percentage points to annual economic growth.6 Labor productivity, however, has a much bigger impact on ...
Press Release - University of Macau
... respectively (Figure 17). For the aggregate economy, in tandem with the high rise of consumer price, the GDP deflator increased by 8.2% year-on-year in the fourth quarter of ...
... respectively (Figure 17). For the aggregate economy, in tandem with the high rise of consumer price, the GDP deflator increased by 8.2% year-on-year in the fourth quarter of ...
ECON 102 Tutorial: Week 11
... money to invest in the oil field exploration become higher, so the returns from the exploration may not be sufficient to cover the costs. Thus, higher interest rates make it less likely that BP will undertake the exploration. ...
... money to invest in the oil field exploration become higher, so the returns from the exploration may not be sufficient to cover the costs. Thus, higher interest rates make it less likely that BP will undertake the exploration. ...
The Influence of Monetary and Fiscal Policy on Aggregate Demand
... surplus of money puts downward pressure on the interest rate. Conversely, if the interest rate is below the equilibrium level (such as at r2), the quantity of money people want to hold (Md2) is greater than the quantity the Fed has created, and this shortage of money puts upward pressure on the inte ...
... surplus of money puts downward pressure on the interest rate. Conversely, if the interest rate is below the equilibrium level (such as at r2), the quantity of money people want to hold (Md2) is greater than the quantity the Fed has created, and this shortage of money puts upward pressure on the inte ...
Understanding the US Business System
... Explain how current economic indicators such as inflation and unemployment affect you personally. Explain how they will affect you as a manager. Answers will vary, but all students should obviously include prices paid for consumer goods and the availability of desirable jobs. Managers are affected b ...
... Explain how current economic indicators such as inflation and unemployment affect you personally. Explain how they will affect you as a manager. Answers will vary, but all students should obviously include prices paid for consumer goods and the availability of desirable jobs. Managers are affected b ...
The IS-LM model
... The transaction and precautionary motive L1(Y) : The money demanded in order to be able to transact in the future (function of the level of output) The speculation motive L2(i) : The money demanded for purposes of speculation (opportunity cost of the interest rate). When interest is high, people don ...
... The transaction and precautionary motive L1(Y) : The money demanded in order to be able to transact in the future (function of the level of output) The speculation motive L2(i) : The money demanded for purposes of speculation (opportunity cost of the interest rate). When interest is high, people don ...
Fina 353-Lecture Slide Week 7
... • Faced with higher real interest rate, businesses and people delay plans to buy new capital and consumer durable goods and they will decrease spending. Increase and the As prices rise the interest rate ________ quantity of Saudi Arabia’s real GDP demanded Dr. Mazharul Islam Decrease . ________ ...
... • Faced with higher real interest rate, businesses and people delay plans to buy new capital and consumer durable goods and they will decrease spending. Increase and the As prices rise the interest rate ________ quantity of Saudi Arabia’s real GDP demanded Dr. Mazharul Islam Decrease . ________ ...
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.