In economics, a factor of production, resource, or input is what is used in a production process to produce products, i.e. goods or services.
The amounts of various inputs used determine the amount of output according to a relationship known as the production function. The relationship between the inputs a firm uses and the maximum output it can produce with those inputs is called the firm's production function. Factors of production are outputs or inputs used to produce goods and services. They are the resources a business needs to make a profit by producing goods and services. Factors of production fall into four categories: Land, Labor, Capital, Entrepreneurship.
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"Providing welfare benefits" government policies pursues the economic goal of equity.
<u>Option:</u> B
<u>Explanation:</u>
To ensure economic stability the government offers welfare benefits for the vulnerables. Welfare benefits are federal programs supported by the government for the families and individuals who need such assistance. Welfare benefits include reimbursement for unemployment, food stamps and support for health care. There seem to be six significant welfare programs in the United States. These include
- Temporary Assistance for Needy Families (TANF),
- Medicare,
- Supplemental Nutrition Assistance Program (SNAP or food stamps),
- Supplemental Security Income (SSI),
- Earned Income Tax Credit (EITC), and
- Housing Assistance.
Answer: Alternation Ranking
Explanation: In Alternation Ranking employees are rated by choosing the best and then the worst employee, and then repeating the process until all employees have been rated. This method is effective in determining worker's performance using comparison with other workers in the company.
These memories about cultural heroes and events are one of the chief characteristics of an age <u>cohort</u>.
<h3>What does a cohort mean?</h3>
A cohort is a group of people who have similar demographic traits or life experiences, such as age but not exclusively. Cohort effects are typically masked by age in cross-sectional research. Cohorts can be, for instance: individuals who had children in the same year. People who retire simultaneously.
<h3 /><h3>What characteristics do cohort study have?</h3>
The distinguishing characteristic of a cohort study is that the researcher selects participants at a time when they do not yet have the desired outcome and examines the occurrence of the desired outcome between groups of exposed and unexposed (or less exposed) people.
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Suppose this economy was momentarily at Full Employment, but has now experienced a continuation of the RIGHT shifting AD caused by increased "G" spending . If the Price Level increases to $2.34, then Real Production GDP will have increased to $5200 b and 2 million people will have gained jobs. In the Business Cycle the economy will have moved from Point "x" toward Point y.
Explanation:
The AD-AS model (Aggregate production aggregate) demonstrates national income calculation and price level adjustments.
This shows how various events will change in two of our major macroeconomic indicators: Actual GDP and inflation.
- Label all equilibrium in the axis, the interior
- The positioning of LRAS provides important economic information, for example, if the efficiency of balance is on the left side of the LRAS, the economy is in recession.
