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Vladimir79 [104]
3 years ago
6

In your textbook discusses productivity and the challenges faced by governments as they seek to raise living standards. Obviousl

y, there are areas of disagreement and areas of potential improvement. If you were polled, what policy would you suggest to improve U.S. living standards?
In your post, make sure to consider opportunity cost and any potential unintended consequences. You may also want to analyze the effect on future growth as you post and reply.
Business
1 answer:
UNO [17]3 years ago
8 0

Answer:

Countries face many challenges when they try to raise productivity and living standards.

Explanation:

One challenge is that productive actitives requires an educated population. Giving high quality education to people can be difficult and expensive. The human and physical resources may simply not be available.

Another challenge is that due to the law of diminishing marginal returns, as countries develop, it becomes harder for them to enjoy high economic growth. This is why developed countries tend to grow less than developing countries.

The United States, as a developed country, faces mainly the second challenge. To continue raising productivity, the U.S. should focus on high quality education. According to many economists, human capital is the most important form of capital, and for this reason, skilled, well-educated citizens are likely to be very productive, and contribute to the development of the country.

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If you look at average interest rates on savings accounts today, how do they compare with inflation?.
Alina [70]

The average interest rates on savings account today compared to inflation shows that inflation is higher.

<h3>How are savings interest rates and inflation related?</h3>

The current interest rates on savings accounts in the U.S. on average is about 0.08%.

Inflation on the other hand, is 9.1%. This shows that inflation massively outstrips the average savings interest rates.

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7 0
2 years ago
What is true of representative money? Check all that apply
mixas84 [53]

Complete Question

What is true of representative money? Check all that apply.

A. It can be exchanged for a valuable good.

B. It was once the most common form of money.

C. It was used in systems involving a "gold standard."

D. It can be traded for a commodity such as silver.

E. It is made with precious metals or stones.

Answer to this Question:

A. It can be exchanged for a valuable good.

C. It was used in systems involving a "gold standard."

D. It can be traded for a commodity such as silver.

Yes, it is very much true that money can be exchanged for valuable goods. We can certainly buy goods in return for giving money. Different commodities can be purchased by exchanging it. This is very common method which you can see all around you now-a-days. Money can also be used to buy the gold. It means money's form can be changed in this particular way, the gold then can be traded in the same way as you can use money as we have mentioned in the option A. Money can also be traded directly for a commodity such as sliver or other precious metals as well. Money's main function in all of the valid options here will remain the same; Exchange, used to purchase another commodity by using it in its pure form or trading it indirectly in another form. Whereas it totally different from the Barter trade where people used different commodities as an exchange medium to buy another one.

7 0
4 years ago
Read 2 more answers
a car is purchased for $43,000. each year it loses 25% of its value. after how many years will the car be worth $9200 or less? (
Snowcat [4.5K]

After a car is purchased at $43000 and looses 25% worth every year then the car will be worth $9200 or less after four(4) years.

What does Purchase mean?

Purchase is a term used to refer to the acquisition of goods or services in exchange for money. It is a common business transaction and can involve buying something outright or entering into an agreement to pay for it over time.

What does Services mean?

Services is a broad term that refers to any type of work or activity performed to meet the needs of a customer. Services can range from professional services like accounting or consulting to tangible products like food or clothing. Services are typically intangible in the sense that they cannot be touched, felt, or seen, but the benefits they provide are very real.

As per the price of the car which is $43,000  and it looses 25% each year which is $10750. From this we come to know that the car will  be worth of $9200 or less within 4 years.

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5 0
1 year ago
In 2013, how much money did Tesla raise via common stock offerings, net of fees and expenses?a) $515.6 millionb) $410.1 millionc
DaniilM [7]

Tesla was able to raise via $410.1 million from common stock offerings, net of fees and expenses to finance the business.

<h3>What was the finance for?</h3>

As part of shareholder's capital, the fund was used by the firm to finance the vehicle innovations.

Hence, the firm called "Tesla" was able to raise via $410.1 million from common stock offerings, net of fees and expenses to finance the business.

Therefore, the Option B is correct.

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4 0
2 years ago
For a competitive market, A. a seller can always increase her profit by raising the price of her product. B. a seller often char
PtichkaEL [24]

Answer: For a competitive market, <u><em>if a seller charges more than the going price, buyers will go elsewhere to make their purchases.</em></u>

Explanation:

A perfectly competitive market has the following characteristics:

(a). In this particular market there are many buyers and sellers.

(b). Also each company makes similar product. i.e. the products are identical in nature.  

(c). In this market buyers and sellers will have access to perfect information about price. and product.

(d). In a competitive market there are no barriers to entry into or exit from the market.

Therefore , <u><em>if a seller charges more than the going price, buyers will go elsewhere to make their purchases.</em></u>

3 0
4 years ago
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