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Xelga [282]
3 years ago
6

How can the national development plan support economic growth​

Social Studies
1 answer:
olchik [2.2K]3 years ago
8 0

Answer: The National Development Plan aims to eliminate poverty and reduce inequality by 2030. South Africa can realise these goals by drawing on the energies of its people, growing an inclusive economy, building capabilities, enhancing the capacity of the state, and promoting leadership and partnerships throughout society.

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Scarcity is important to economics because it:
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C because the insurance that a country will be under growth
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Why did the Georgia<br> General Assembly ask<br> Congress for<br> $5.000.000
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Answer:

Georgia General Assembly, is one of the largest state legislatures in the nation and can afford it

Explanation:

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3 years ago
True or False? Inflation is when prices rise at a high rate.
hoa [83]

Answer: true

Explanation: One factor that seems to cause baby boomers to hark back to the Carter administration is high gasoline prices. When people think of Carter-era inflation, they often connect it to those high prices and the high world price of oil starting in 1973 and increasing, with fits and starts, through the 1970s. But one increased price does not inflation make. We can’t tell anything about inflation by looking at specific prices.

It is true that when a country such as the United States is a net importer of oil, an increase in the price of oil will, all else equal, cause our real GDP to be lower than otherwise. Go back to the equation of exchange discussed earlier. With slightly lower real GDP than otherwise, the price level, and therefore inflation, is higher than otherwise. But today the United States is only a small net importer of oil and as recently as late 2019 was a slight net exporter. So an increase in the price oil simply helps domestic producers to about the same extent that it hurts domestic consumers. The net effect on real US GDP is close to zero.

There’s one caveat to the above. Any government policy that causes waste makes real GDP lower than otherwise and, therefore, causes the price level to be somewhat higher than otherwise. The wasteful policy that is one of the factors in the recent increase in gasoline prices is the federal government’s policy on ethanol, which began during the George W. Bush administration. Although I can’t go into a detailed explanation here, the federal government’s requirement that refiners use ethanol in gasoline adds 30 cents to the price per gallon. Not all of that 30 cents was added recently. But the recently increased price of waivers that allow refiners to avoid using car-destroying ethanol has accounted for some of the recent increase in gasoline prices.

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3 years ago
According to adam smith's invisible hand principle, productive actions that promote the general welfare of society will be under
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Adam Smith theories promote individualism in the sense that they state that, when each economic agent (households, business, or public entities) pursue their own interests selfishly, the outcomes generated by their economic activities will optimize the social welfare.

The incentives behind working for the own profit are much higher, and make individuals more productive and more sensitive to mistakes, therefore they are keen on improving their practices constantly. In turn, the incentives of working for the common interest are more vague, and such situations lead to sharp productivity declines. It is more likely that societies with greater productivity are able to produce efficiently enough goods and services to cover the needs of all its citizens. Therefore those societies end up maximizing the social welfare. These are the main arguments which support the invisible hand principle coined by Adam Smith.

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3 years ago
What might happen if a teen made a decision that went against her personal values? your answer?
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If a teen made a decision against her personal values, there will be a sense of dissatisfaction, unease or incongruity. It is something to bear in mind during persuasion and negotiation. Through Our personal values it will determine our goals and outcomes in life. The goals we select are the results of our outer expression of our personal values. Core values is the basis for decision-making. <span>From the very start, choosing your goals is a decision.</span>

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