Answer:
Some African countries have mortality rates over 10%. For example, according to the most recent CIA estimates, in countries like Somalia, Central African Republic, Niger and Chad, there are around 90 deaths per 1,000 live births, which is a lot.
This extremely high mortality rate affects economic growth in the long run. First of all, most economists agree that human capital is the most important form of capital, and the one that helps boost economic growth the most.
Every child who dies is potential human capital loss (and a moral tragedy as well).
If medical aid increased in those African countries, and less children died at a young age, those children would help develop the economies. However, education is also needed. If the children survive but are not well-educated, they will not be very productive in the modern economy, which is knowledge-oriented.
Answer:
Net income = $20,940
Explanation:
Answer 1.
Accounts
Cash Receipts 32,000
Expenses
Advertising 500
Depreciation 3,200
Car & Truck Expense 1,360
Employee Compensation 5,000
Education 1,000 11,060
Net Income 20,940
Therefore, the net income that Smith should report from his business after considering all the cash receipts and all the expenditures associated with his business is $20,940. All the expenses are to be deducted from income.
It is penetration pricing that is illegal in the United States and many other countries<span>. So B is the correct answer</span>
The after-tax equilibrium quantity of cigarettes smoked will equal the socially optimal quantity of cigarettes smoked. The correct option is C.
<h3>What is the externality of smoking?</h3>
The externalities of smoking refers to the costs imposed by smoking on people other than smokers themselves, in particular through the health effects of passive smoking and the effects of smoking on health care costs and productivity.
Therefore, The after-tax equilibrium quantity of cigarettes smoked will equal the socially optimal quantity of cigarettes smoked. The correct option is C.
Learn more about externality of smoking:
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