According to Michael Kremer, large populations c. are a prerequisite for technological advances and higher living standards.
<h3>Who is Michael Kremer?</h3>
Michael Kremer is an American development economist and a Nobel Prize winner for developing an innovative economic theory for poverty alleviation, especially in large populations.
Michael Kremer did not think that large populations disadvantaged the nation, but it could be a factor in increasing the living standards through technological advances.
Thus, according to Michael Kremer, large populations c. are a prerequisite for technological advances and higher living standards.
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<span>The market structure for which economists have the least precise model of price determination is oligopoly.
</span><span><span>Oligopoly is a market structure in which a small number of firms has the large majority of market share.</span></span>
Answer:
The change in operating income for GM is that the operating income will increase by the amount of other pension costs less expected returns.
However, this change will not affect the net income, as all the items will still be accounted for, accordingly.
Explanation:
GM's pension service cost is the present value of the amount that the GM is required by law to set aside annually to meet its employees' pension-benefits obligations. The reason for the separation is that the service cost is a compensation cost, whereas other pension costs are financial costs and not compensation costs. By this separation, the operating income of GM will increase.
The way where the credit is not improved is that if we moving the debt around.
Information related to the credit score & creditworthiness:
- The credit score is the mathematical expression that depends upon your creditworthiness.
- Creditworthiness is the willingness of the lender for believing you to pay off the debts.
The credit should be improved by:
- Having established accounts.
- Bills are paid on time
- Less balances.
But if the debt is moving around so this does not improve your credit.
Therefore we can conclude that the way where the credit is not improved is that if we moving the debt around.
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Answer: Structural unemployment
Explanation:
Structural unemployment occurs when the skills needed by the job market are not the skills that unemployed people have.
It usually happens as a result of an improvement in technology because the technology introduced would make the skills that the previous workers had obsolete.
In this scenario, the introduction of more efficient elevators reduced the need for elevator operators so their skills were no longer needed and they became unemployed.
