Answer: Economic Growth, Employment opportunities, Standard of living improvement.
Explanation:
Macroeconomics is a branch of economics that deals with the structure, performance, behavior, and the decision-making of the economy as a whole. It includes the regional, national, and the global economies.
Expanding production will help the economy in the following ways:
1. Provision of employment opportunities: An increase in production will lead to more goods and services being offered. This will in turn, lead to more workers who would be needed for production.
2. Increase in standard of living: There will be an increase in the standard of living for people that were not employed before and now gainfully employed due to the expansion.
3. Economic growth: Economic growth is the increase in the goods and services in the economy. Increase in production will enhance economic growth.
Answer
In a mixed market economy, the typical way the government can reduce unemployment is : The government can pay for projects to create work
Explanation
In a mixed market economy, part of the economy is left to the free market and part of it is managed by the government. In a mixed economy, private enterprise run most businesses and the government later intervene in areas like provision of public services( education, health care and waste control), and in the regulation (legal right to private property). Most modern economies are mixed where the means of production are shared between the private and public sectors.
EXPLANATION: The MP curve is one of three related curves used in the analysis of the short-run production so basically the marginal product (MP) curve plays in key role in the economic analysis of short-run production by firm
Answer: MP curve looks like a reverse U shaped curve or are invertedly U-shaped
Thank you for the 5 points
This is an example of a(n) Organisational tangible resource
Explanation:
Tangible resources include currency, inventory, equipment, land or buildings. Tangible resources The products can be liquidated quickly and have a given worth. They are important for accounting, and as they reach balance sheets and income statements, they make a business know their financial status.
Each organisation needs capital and assets to run.
A few of these commodities, including ability and entrepreneurship, are intangible, while the other commodities are measurable. Tangible means capital which can be observed, influenced or sensed.
