Answer:
D.) Keep the supply of there domestic money fixed in proportion to their gold holdings.
Explanation:
The Gold Standard was a monetary system under which countries fixed the value of their money in terms of a specified amount of gold. With the gold standard, countries agreed to convert the paper money into a fixed amount of gold.
Hope this helps you out! : )
Answer:
The correct answer is option B.
Explanation:
Real GDP is the inflation-adjusted measure of economic growth. It measures the change in output level at a constant price. It measures changes in economic output.
Nominal GDP measures change in output level based on current prices. It is not an inflation-adjusted measure of economic growth.
Real GDP changes with a change in output level. While nominal GDP can change with change in either output level or price. So it is not necessary that a decline in real GDP is accompanied by a decline in nominal GDP.
Increasing the capital available to the workforce, and holding other factors constant, tends to increase total output while increasing average labor productivity.
How does an increase in capital affect labor?
Increases in the capital stock's ratio to labor hours worked are referred to as capital deepening. When all other factors are equal, changes in this ratio have a strong correlation with changes in labor productivity. Labor productivity rises in response to a rise in capital per hour (also known as capital deepening).
What increases labor productivity?
The development of human capital, technological advancement, and capital investment all contribute significantly to labor productivity. By making direct investments in or offering incentives for advances in technology and human or physical capital, business and the government can raise the labor productivity of their workforces.
What is total output?
There are two approaches to calculating total output: as the value of all final goods and services produced, or as the value contributed at each stage of production.
Learn more about labor productivity: brainly.com/question/15410954
#SPJ4
Answer:
The correct answer is: price elasticity of supply and demand.
Explanation:
The government introduces a $4 per unit tax on the supply of automobile tires. The tax is imposed on the suppliers. The effect of the imposition of tax will remain the same whether the incidence falls on the buyer or seller. The imposition of tax will lead to an increase in the price of the commodity.
The burden shared by the buyers and sellers depends on the elasticity of demand and supply. If demand is more elastic than the supply, the supplier will bear the greater burden and vice versa.
Answer:
Firm A will spend $4,000.
Explanation:
The chemical dumped into the river daily by
Firm A = 50 ton
Firm B = 50 ton
ATQ,
The clean-up cost of Firm B before getting into the river = $50 per ton.
= $50 x 50tons = $2500.
2). Pollution rate as per government = $75 per ton
No. of permits = 40
= $75 x 40
= $3000
As we know,
The clean-up cost of Firm B is lesser than the cost of pollution permits with $500($3000 - $2500). Cleaning up the pollution would be best because it is a cheaper alternative..
The cleanup cost of Firm A per ton = $100 per ton.
= $100 x 50tons
= $5000
2). Pollution rate as per the govt. = $75 per ton
= $75 x 40 permits
= $3000.
The clean-up cost of Firm A is greater than the cost of pollution permits with $2000. Thus, the cleaning up the pollution would cost more for Firm A. Thus, they must go for purchasing the permits.
3). Purchasing 40 pollution permits would cost
= $100 x 40
= $4000.
