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STatiana [176]
4 years ago
12

Suppose Indiana produces only steel and corn, with fixed amounts of land, labor, and capital resources. Which scenario best sets

the stage for economic growth?
a. The Midwest suffers a drought.
b. The unemployment rate in Indiana rises from 5% to 6%.
c. Firms in Indiana spend less on real investment.
d. The percentage of Indiana residents with a college degree rises from 25% to 30%
Business
1 answer:
lidiya [134]4 years ago
7 0

Answer:

d. The percentage of Indiana residents with a college degree rises from 25% to 30%

Explanation:

Economic growth can be defined as an increase in the gross domestic product of a country over time.

Economic growth can be caused by increase in capital, technological advancement, education and labour.

The endogenous growth model posits that education can be a factor causing economic growth as it leads to diffusion of knowledge.

If the Midwest suffers a drought, production would be hampered and GDP would likely fall.

Rising unemployment is a sign of a fall in production.

If firms spend less on real investment, capital would fall and GDP would fall.

I hope my answer helps you

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The Skagit Company manufactures Hooks and Nooks. The following shows the activities per product and total activity information:
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Answer:

Total factory overhead to be charged to each unit of Hooks is $33

Explanation:

Sum of all Activity Cost = Total Factory Overhead

Calculate the total factory overhead to be charged to each unit of Hooks

Activity rate = Budgeted amount / Total of each activity base

∴ Activity Rate

      For Setups = 60,000 / 20,000 = 3 per setup

      For Inspections = 120,000 / 24,000 = 5 per inspections

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Activity Cost = Activity base for each unit * Activity rate

∴ Activity Cost

      For Setups = 1 x 3 = $3

      For Inspections = 3 x 5 = $15

      For Assembly = 1 x 15 = $15

Recall that;

Sum of all Activity Cost is the Total Factory Overhead

= $3 + $15 + $15

= $33

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5 0
3 years ago
3 Points
tangare [24]

Answer:

C - An online boutique

Explanation:

E-commerce refers to commercial transactions that are done online through the internet. This implies that whenever we purchase and sell something through the Internet, you are concerned with e-commerce. There are multiple ways to list e-commerce websites.we can classify them according to the commodities or services that they sell, the people that they transact with, or even the platforms on which they work.

An online boutique is an example of E-commerce because it is being done through the internet.

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Suppose that real GDP per capita in Italy is $32,000. If real GDP per capita is growing at a rate of 2.5% per year, how many yea
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Answer:

Refer to the Article Summary. Implementing a negative interest rate policy, as is discussed in the article summary, would be designed to ___lower_____ the price level and ___improve_____ real GDP.

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The Fed will consider negative interest rates when it wants to increase borrowing and lending during economic recessions.  The effects of a negative interest rate are the reduction of the cost of borrowing economy-wide and the increase of economic activity.  The increased economic activity will be achieved through increased investments and increased consumption spending.  Thus, banks and consumers are encouraged to lend and borrow more money so that the economy can spend its way out of recession.

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