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shepuryov [24]
2 years ago
6

Suppose Indiana produces only steel and corn, with fixed amounts of land, labor, and capital resources. Which of the following b

est sets the stage for economic growth?
The unemployment rate in Indiana rises from 5% to 6%.
The percentage of Indiana residents with a college degree rises from 25% to 30%.
The United States imports more and more low-cost steel from Asian countries.
The Midwest has a devastating drought.
Business
1 answer:
babymother [125]2 years ago
8 0

Answer:

The percentage of Indiana residents with a college degree rises from 25% to 30%.

Explanation:

Human capital is one of the most important (according to some economists the most important) aspect for economic growth. If college graduates in Indiana go from 25% to 30%, it means that Indiana's human capital has improved.

With improved Human Capital, now Indiana can produce better steel and corn, or even produce other things, because its college graduates have acquire the necessary knowledge to do so. This will in turn lead to economic growth and a higher standard of living.

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Because KFC changed their recipe (the spiciness) for various regions, this shows that multinational firms must develop every new product for potential worldwide distribution.

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In conclusion, the development of new product helps in potential worldwide distribution.

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4 0
1 year ago
What is the square root of 5
vekshin1
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7 0
2 years ago
Real per capita GDP in South Korea in 1957 was about $400, but it doubled to about $800.00 by 1978. a. What was the average annu
miskamm [114]

Answer:

3.33%

Explanation:

Data provided in the question:

Real per capita GDP in South Korea in 1957 = $400

per capita GDP in South Korea in 1978 = $800

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Now,

Using the Rule of 70, which states that

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thus,

21 years = 70 ÷ average annual economic growth rate

or

Average annual economic growth rate = 3.33%

3 0
3 years ago
Jessica works for ABC Shoes. At​ ABC, Jessica is responsible for establishing​ structure, strategic​ goals, and guiding her empl
vesna_86 [32]

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Top managers typically have titles such as executive vice president, president, managing director, chief operating officer, or chief executive officer.

3 0
2 years ago
A/An _______________ fails to meet customers’ minimal requirements, potentially costing you business, even when you perform well
amm1812

Answer:

The correct answer is letter "B": Order Qualifier.

Explanation:

An Order Qualifier represents the minimum features a good or service must meet so consumers can think about purchasing them. Variables that could fall into this category are price, convenience or the product's reputation. If the good or service accomplishes one of those characteristics and is of preference of the consumers, then the firm has an order winner.

5 0
3 years ago
Read 2 more answers
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