Answer:
In that country, the productivity of the average worker
- C) increased by 6.25 percent between 1998 and 2008.
Which of the following statements best describes the scenario?
- A) This is a common occurrence. The policymaker knows the best policy but chooses not to institute it for other reasons.
Explanation:
worker productivity in 1998 = 40 units / 25 hours = 1.6 units per hour
worker productivity in 2008 = 68 units / 40 hours = 1.7 units per hour
therefore, worker productivity increased by (1.7 - 1.6) / 1.6 = 0.0625 or 6.25%
Regarding the second question, this happens all the time. Politicians live in an alternate reality world, they choose to believe that their ideas are facts and that everyone else doesn't know better about any topic in the world. And this doesn't only happen to Trump, it happens everywhere and in every single country.
Answer: C. She exercises freedom of economic choice.
Explanation:
Freedom of choice is when economic agents such as individuals, the firm's and the government can allocate the resources as they want and are free to make a choice they want.
Freedom of choice represents allows individuals make their own decisions. In this scenario, Gabrielle's economic decisions best relate to broad economic goals by exercising the freedom of economic choice.
Because together they get the job done .
Answer:
A long-term investment.
Explanation:
The land should be classified as a long-term investment.
This is an asset owned by the company, that it intends to keep for more than a year. This asset is usually recorded on the asset side of a company's balance sheet.
It is the opposite of short-term investment which is sold within one year.
Answer:
It's a magnificent combination of capitalism and socialism.
Explanation:
A mixed economic structure safeguards private property and enables for a degree of economic independence in the usages of resources and also requires governments to intervene in economic initiatives to achieve social objectives. Although the market forces make a decision on costs, demand, supply, etc., there is some government involvement to avoid monopolistic practices and institutional discrimination. There is the independence of economic operation and government involvement with social security under this scheme.