How do economists sometimes measure physical capital in a country?

Describe the conventional view of the relationship between the supply of a mineral resource and its market price. What are five

borishaifa [10]

Answer:

In a conventional view, if there is an enormous amount of the mineral resource, if the quantity supplied is higher than the demand, then the price of the mineral resource will be cheap. On the other hand, if the mineral resource is scarce, it price will increase if demand is more than supply. However, in developed countries, the effect of market price may not be applicable due to the regulations in form of subsidies and taxes imposed by the government.

The five effects of a mineral becoming scarce are mineral resource conservation, increased/higher prices, opportunity for new exploration, manufacturing of profitable lower-grade ores, and stimulation of development of new technologies.

The pros of the U.S. General Mining Law of 1872 creates reduced costs that is beneficial to the buyers of goods and it eventually leads to mineral expansion. The pros cons of the U.S. General Mining Law of 1872 leads to the use of land for numerous purposes which have negative effects on the environment not until the mining law in 1992.

Explanation:

In a conventional view, if there is an enormous amount of the mineral resource, if the quantity supplied is higher than the demand, then the price of the mineral resource will be cheap. On the other hand, if the mineral resource is scarce, it price will increase if demand is more than supply. However, in developed countries, the effect of market price may not be applicable due to the regulations in form of subsidies and taxes imposed by the government.

The five effects of a mineral becoming scarce are mineral resource conservation, increased/higher prices, opportunity for new exploration, manufacturing of profitable lower-grade ores, and stimulation of development of new technologies.

The pros of the U.S. General Mining Law of 1872 creates reduced costs that is beneficial to the buyers of goods and it eventually leads to mineral expansion. The pros cons of the U.S. General Mining Law of 1872 leads to the use of land for numerous purposes which have negative effects on the environment not until the mining law in 1992.

5 0

4 years ago

(c) using okun's law, how more much would total output (gdp) have had to grow to create that many jobs?

ankoles [38]

<span>First and foremost, it should be understood that Okun's Law is an empirical observation. The law is founded in a perceived relationship between gdp and unemployment. In this sense, Okun's Law is an approximation and not rightly a Law derived from theory. There is some debate as to how much of a decrease in gdp actually occurs from an increase in unemployment, but two leading figures have offered estimations. Martin Prachowny gives the ratio 3:1, such that for every 1% increase in unemployment, a country's gdp drops by 3%. Ben Bernake more recently has offered a revised estimation, placing it closer to 2:1. Therefore, to find the inverse, a country's GDP would have to grow by 2-3% in order to reduce unemployment by 1%.</span>

4 0

4 years ago

Growth tutorial: plato <br><br>how might the lack of this aspect of infrastructure affect health

Alenkasestr [34]

Answer:

how might the lack of this aspect of infrastructure affect health?

Infrastructure on its own is one way of development, ways at which lack of it will affect health include;

it will deter the link between rural areas and the urban area

lack of infrastructure will help to increase the chances of breeding parasites which affects health

lack of infrastructure also affects personal hygiene as lack of water and other basic amenities affects health greatly.

Explanation:

6 0

3 years ago

Read 2 more answers

Ian, a senior employee, has been assigned a task by his manager, Miranda. He has been asked to monitor the activities of some ne

serious [3.7K]

Answer:

The correct answer is: filtering.

Explanation:

Filtering is the process in which an employee hides some information to higher rank workers with the purpose of not affecting the employees who committed the fault. Filtering is the first step middle-range workers take to provide their subordinates enough confidence to correct themselves instead of punishing them. Corrective behaviors are expected from the workers at fault.

4 0

3 years ago

Assume the following information pertaining to Moonbeam Company: Beginning Ending Finished goods inventory $ 148,000 $ 140,200 W

ale4655 [162]

Answer:

$905,800

Explanation:

Calculation for Cost of goods sold

Total manufacturing costs $ 920,000

Add Begining Work in process inventory 97,000

Less Ending Work in process inventory (119,000)

Cost of goods manufactured $898,000

Add Begining Finished goods inventory $148,000

Less Ending Finished goods inventory$ (140,200)

Cost of goods sold $905,800

Therefore the Cost of goods sold is calculated to be: $905,800

3 0

3 years ago