1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
IrinaVladis [17]
3 years ago
7

you learned a variety of fundamental economic concepts. Identify two of the following principles, and apply them to the real-wor

ld situations, using at least 300 words. Also, provide discussions on how biblical principles are integrated into those principles. (Due: Day 4 by 11:59pm; word count: minimum 300 words)People face scarcity and costly trade-offsPeople engage in rational making and marginal thinkingPeople respond predictably to changes in incentivesSpecialization and trade can make everyone better offMarkets can improve economic efficiencyAppropriate government policies can improve market outcomesGovernment policies may help stabilize the economyIncreasing productivity leads to economic growth
Business
1 answer:
Fittoniya [83]3 years ago
4 0

Answer:

Government policies can help stabilize the economy.

Economic condition of any economy can be determined by determining its GDP and level of employment in the economy. Government policies like Fiscal or Monetary Policies can help stabilize the economy. If the economy is passing through recession,the expansionary monetary or fiscal policies can be implemented by the government. Government can reduce the CRR and Repo Rate and relaxes taxation policy so that more amount is left with the people to raise their living standards. On the other hand, at the time of prosperity,contractionary monetary or fiscal policies can be used . CRR and Repo Rate can be raised and tight taxation policy leave the public with less disposable income and thus their demands come down.

Increasing productivity leads to economic growth

Any economy stands on basically four pillars : GDP, Inflation, Employment and National Income.

As the productivity improves,the GDP of the economy grows.For higher level of production higher level of worker participation is required leading to higher level of employment. It will lead to higher supply of commodities and thus the price and inflation can be controlled. Higher level of employment also leads to higher level of National Income.Thus overall, the economic growth takes place.

Thus we can say that Increasing productivity leads to economic growth.

You might be interested in
What u Snap so I can go add you and be friends
Sphinxa [80]

Answer:

What do you mean what yousnap

Explanation:

5 0
3 years ago
"In the context of goal-setting theory, _____ is information about the quality or quantity of past performance and indicates whe
Bad White [126]

Answer: performance feedback

Explanation: Feedback on performance is a process of communication. It should be continuous as improvements are made on the basis of information exchanged between the manager and the subordinates. Regular follow-up dialogue should be in place to determine success.

Feedback is structured to see where things go right and where they go wrong. This suggests that leaders may need to be vigilant while they develop new behaviors and conquer the learning curves of new skills.

6 0
3 years ago
According to Adam Smith, why do people work hard?
MrRa [10]

Answer:

Money

Explanation:

they need money because to live in a house get a car,food etec

5 0
3 years ago
Goldtone is a multinational communications and information technology corporation. its principal products are mobile telephones
marysya [2.9K]
I think the correct answer would be crowdsourcing. It is a practice that involves obtaining certain information from the market or the public. It allows the consumers to suggest and comment on the products a company has. Hope this answers the question.
8 0
3 years ago
Explain the difference between mandatory and discretionary spending? provide an example of each kind of spending"
nataly862011 [7]
Mandatory spending is something that either has, or is strongly urged to be done. Discretionary spending is based on the spenders discretion, if the spender thinks it needs to be spent, then they would do so. Example of mandatory spending would be paying back a loan. Example of discretionary spending would be a good business investment.  Hope this helps!
5 0
3 years ago
Other questions:
  • If new technologies reduce the marginal cost of abatement​ (MCA), which method of regulating emissions will result in the larges
    7·1 answer
  • New equipment was purchased by Hunter Corporation at a list price of $94,000, with credit terms of 2/10, n/30. Payment was made
    6·1 answer
  • Billy told his boss, Gwen, that he is going to start training for the upcoming marathon to be healthier and to have more energy
    8·1 answer
  • XYZ, Inc. purchased an office building on October 1, 2020, that was put on the books at $800,000. The building is expected to be
    15·1 answer
  • A product with an MSRP of CNY 15.00 has a promotion allowance of 15%. How much will the distributor receive in promotion allowan
    9·1 answer
  • Neighbors Bicycles needed more bicycle seats. It decided to order gel seats in addition to the traditional seats it had always o
    7·1 answer
  • Region Jet has a $68 million liability at December 31, 2021, of which $14 million is payable in 2022. In its December 31, 2021 b
    13·1 answer
  • XZYY, Inc. currently has an issue of bonds outstanding that will mature in 31 years. The bonds have a face value of $1,000 and a
    7·1 answer
  • Bengal Co. provides the following unit sales forecast for the next three months: July August September Sales units 4,400 5,100 4
    8·1 answer
  • gary kelly, ceo of southwest airlines, talks to a group of reservation agents to acknowledge their contributions to the company’
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!