This type of economy aims for the efficient use of natural resources but also seeks a fair distribution of the wealth generated from the development of those resources. Is this type of economy more plausible than continued, unlimited economic growth? Why or why not?
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- According to investopdia.com,a steady-state economy is an economy structured to balance growth with environmental integrity, seeking to find an equilibrium between production growth and population growth. This type of economy aims for the efficient use of natural resources but also seeks a fair distribution of the wealth generated from the development of those resources. Is this type of economy more plausible than continued, unlimited
economic growth ? Why or why not?
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- Identify THREE public policies that can stimulate employment and facilitate economic growth in an economy.International data show a positive correlation between political stability and economic growth. Through what mechanism could political stability lead to economic growth?Examine the institutional structures necessary for modern economic growth.
- Which of the following is a true statement? Multiple Choice Economists who support economic growth say that it is the most practical route to the higher standards of living that the vast majority of people desire. Most economists believe that the recent rise in the average rate of productivity growth implies an end to the business cycle. Most economists believe that increases in real GDP actually produce decreases in overall economic well-being because of spillover costs. Mainstream economists disagree as to whether the rate of productivity growth was higher between 1995 and 2012 or between 1973 and 1995.Suppose there is an increase in the saving rate. We know that this will cause an increase in which of the following in the steady state? growth rate of output level of output growth rate of capital per worker growth rate of output per effective worker none of the aboveAnalyse the constraints that hamper south Africa's economic growth.
- Which of the following is NOT a method for promoting global economic growth? Count on the world’s governments to develop policies that promote economic growth in developing nations. Reliance on private markets to direct capital goods toward their best use. Encourage population growth so that developing nations’ labor supply increases. Market based approach.Some resource-rich countries have succeeded in converting resource wealth into longterm and equitable economic development, while many others have not. Natural resources have played a fundamental role in the growth of several industrialized economies, including Germany and the United Kingdom, where coal and iron ore deposits were a precondition for the Industrial Revolution. The United States was the world’s leading mineral economy from the mid-nineteenth to the mid-twentieth century and in the same period became the world’s leader in manufacturing (van der Ploeg 2011). More recently, countries such as Botswana, Chile, and Norway have used abundant oil and mineral resources as the foundation for economic growth. Discuss in depth, based on your understanding of the various sources of fiscal risks what complicates fiscal management in resource rich countries. Taking Zambia as a case study, suggest ways in which these risks can be managed.Identify one developed and one developing country. Research their recent economic growth rates. Analyze differences in the countries that would help lead to different rates of economic growth. In your response, be sure to avoid analyzing short-run factors of economic performance and focus on the factors that affect long-run economic growth.
- Governor Mitch Daniels advocates that the government intervene less in business to promote jobs and ultimately economic growth. Instead, he argues to have government put factors in place that promote job growth such as lower taxes and more infrastructure. Is this an appropriate method to promote growth? Are there alternatives where the government can intervene that are more efficient than the market?Consumers read positive economic news and then expect strong future economic growth.East Asian countries grew at fast rates because they save and invest an unusually high percentage of their GDP. They started off as poor relative to their steady state They use their resources efficiently. They have stable property rights. All of the above. Which of the following statements best describes the rate of growth in productivity (TFP) in the United States since 1950? Productivity growth has been steady. Productivity has been growing more slowly every decade. Productivity grew quickly in the 1950s and 1960s, more slowly from the early 1970s through 1995, and then quickly again with a slowdown in recent years. Productivity grew slowly from the 1950s through the 1970s, and then began to accelerate, probably due to advances in computer technology. Productivity has been growing more quickly every decade since World War II Suppose that the money supply will grow by 20% in Argentina over the next 10 years. Velocity is constant. Real income will grow at 3%. The inflation…