Answer:
The growth rate of real GDP per capita will be higher in Alpha than it is in Beta
Explanation:
If we are to based on the economic growth model, what I would predict about the growth rates in real GDP per capita across ALPA and BETA is that when both countries are been compared with one another The growth rate of real GDP per capita will be higher in Alpha than it is in Beta because the Alpha real GDP per capita is said to be $6,000 while Beta real GDP per capita is said to be $9,000 which means growth rate of real GDP per capita will be much more higher in Alpha than it is in Beta.
Answer: Option (A) is correct.
Explanation:
The statement in the question best describe the economic concept of real cost of some activity that is foregone to get the satisfaction from the other activity.
There is one more economic concept that is opportunity cost. Opportunity cost refers to the cost or benefit that must be give up by choosing some other alternative.
In our case, you have to decide whether you want to join accounting club or economics club and timings of both the clubs are same. Therefore, you have to choose one club and give up the other one. The cost of giving up is the opportunity cost.
Answer:
a) True
Explanation:
Given that it can be difficult to capture the whole market considering limited time, capital, and labor. Consequently, Marketing-oriented managers see segmenting as a process of aggregating people with similar needs into a group. This is because, Segmentation is a technique of dividing the marketplace into components, which are available, and profitable with considerable probable growth.
Hence, in this case, the correct answer is TRUE.
Answer and Explanation:
The Asian financial crisis started in Thailand, and then quickly spread to neighboring economies. It started as a currency crisis when Bangkok backed by gold the Thai baht by the us dollar, setting in motion a series of downturns of currencies .
Self-fulfilling recession applies to a circumstance, where a financial crisis is not directly caused by unsustainable fundamental economic circumstances or unsuitable government policies, but a result of consumer negative expectations. In other terms, the fear of the recession among creditors made the crash imminent, which happen by their initial expectations.