Answer:
Marketplace, advancements in technology, and investments
Explanation:
Various factors are involved which make a local economy different such as marketplace, advancement in technology and investment. These three are the most important and critical factors which distinguish local economies from the global or international market. The above three factors are important for economic growth and can take an economy from a developing to a developed economy.
Answer:
Philanthropy
Explanation:
Philanthropy is when a person or a group of people take it as their own responsibility to advance welfare of others particularly by giving money them as a generous donation in order to eliminate social problem. The purpose of philanthropy is to contribute to improvement in the welfare of humankind through the prevention of and provision of solution to social problems.
Philanthropy and charity overlap but they are different. The aim of charity is to eradicate the suffering caused by social problems, while philanthropy aims to eradicate the social problems that is causing the suffering. For instance, it is charity when food is offered to a person who is being affected by a famine. The food will only provide short term solution as they will again suffer from hunger later in the future. However, philanthropy is when people are trained on how to grow food as this will eradicate the social problem which is the source of hunger.
Therefore, rendering assistance by Evan and Sia Steele to children who have been abused is a philanthropic gesture.
Answer:
The amount of net exports of goods and services is -$1 million.
Explanation:
The gross domestic product (GDP) is equal to the total value of the products and services that are produced in a country in a specific period of time. In this case, we will have that GDP would be:
GDP= I+G+NX
I= investment
G= government expenditure
NX= net exports
Then, we replace the formula and isolate NX:
$12=$5.5+$7.5+NX
NX= $12-$5.5-$7.5
NX= -$1
Answer:
<u>The correct answer is B. Government</u>
Explanation:
There is no doubt that the simple circular flow model explains supply and demand in an elemental economic perspective, however this model doesn’t take into account at least five other key factors of the economic systems. Those factors are:
1. Government sector.
2. Government spending.
3. The taxation system.
4. The financial institutions.
5. Imports and exports.
<u>The correct answer is B. Government.</u>
Answer:
All of the above.
Explanation:
Job analysis is when manager uses information available as a criteria for determining attributes required to perform a job.
In job analysis, information is made available to managers to know which employee is best suited for a particular role. It is also used to measure the capacity of employees whether they are being under or over utilized.
For effective job redistribution, job analysis is best recommended because it describes the work of current employee, working conditions and necessary educational certifications. Skills needed to perform on a role are also part of what is being considered in job analysis.
