Answer:
The answer is B. income tax
Answer:
- TFP does not cause diminishing returns
- both China and India experienced increased standards of living
Explanation:
Total Factor Productivity (TFP) shows how much the economy is growing in excess of the inputs of labor and capital put into the productivity of the economy. It can therefore not be explained by the amount of inputs put into production because it is the part of productivity that is more than the productivity that should have been seen given the inputs put in.
Increasing it does not cause diminishing returns which means it can lead to a sustained increase in per capita output.
Both China and India have experienced growth in the living standards of their citizens from 1980 to 2017 with both of them seeing millions being pulled from poverty. China for instance, managed to reduce the number of poor people in the country from 400+ million in 1981 to 70 million in 2017.
The answer is b.
Strong language often means <span>strong feelings on the side of the speaker. Strong language is another way of saying vulgar or foul language, and is usually used by people who are angry.
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Answer: B. Only the exposed or operating elements
Explanation:
Answer:
she could earn a total of $71,000 instead of attending graduate school.
Explanation:
economic costs = accounting costs + opportunity costs
Jane's accounting costs = $100,000 in tuition + $20,000 room and board + $2,000 books
Jane's opportunity costs = unearned wages - $18,000 room and board (already included in accounting costs)
if Jane's economic cost = $175,000, then her unearned wages would equal:
$175,000 = $122,000 + unearned wages - $18,000
$175,000 = $104,000 + unearned wages
$71,000 = unearned wages
