Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Business Economics Expert

The country of Alcazar has been growing at an impressive pace for the last five years. With improvements in technology, many industries have recorded remarkable growth in productivity. An accountant, Lucas Eggers, however argues that people in the economy are not necessarily better off because mechanization and technology usually eliminate jobs. Toby Hartman, who works at a bank, disagrees with Lucas. He thinks that Alcazar’s high economic growth and wellbeing have been driven by this increase in productivity.

Which of the following, if true, would weaken Lucas’ view that people are not better off?

a. The health sector which has the lowest level of productivity employs the largest number of people in Alcazar.

b. Increasing productivity has ensured that wage inflation in Alcazar does not result in higher product prices.

c. The retirement age in Alcazar, or the age at which citizens can collect retirement benefits, has been increased to 65 years.

d. Most of the growth in productivity was confined to the services sector while there was barely any improvement in the manufacturing sector.

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M91384990

Have any Question?


Related Questions in Business Economics

1 what are the modern firm-based international trade

1. What are the modern, firm-based international trade theories? 2. Describe how a business may use the trade theories to develop its business strategies. Use Porter's four determinants in your explanation. 3. What is th ...

Identify a recent mergeracquisition and use it to and

Identify a recent merger/acquisition and use it to and explain: was the merger/acquisition predominately about gaining economies of scale or economies scope?

Espn pays the nfl 11 billion per year for 8 yrs for the

ESPN pays the NFL $1.1 Billion per year for 8 yrs for the right to exclusively televise football. What is the NPV of the investment if the parent Disney CO has an opportunity interest rate that is equal to the cost of ca ...

A student raises her hand in class and states i can legally

A student raises her hand in class and states, "I can legally copy any DVD I get from Netflix because Netflix purchased the DVD and the copyright only applies to the company who purchased the product." Explain whether th ...

The current value of a company is 25 million if the value

"The current value of a company is $25 million. If the value of the company six year ago was $10 million, what is the company's mean annual growth rate over the past six years?" Please explain how the answer was reached ...

How does off-task behavior change the dynamics of the

How does off-task behavior change the dynamics of the learning environment? Provide an example and a strategy to handle the behavior.

A national air traffic control system handled an average of

A national air traffic control system handled an average of 47,556 flights during 28 randomly selected days in a recent year. The standard deviation for this sample is 6,251 flights per day. Complete parts a through c be ...

Malcolm moore single had medical expenses of 5000 last year

Malcolm Moore, single, had medical expenses of $5,000 last year. His AGI last year was $30,000. He was reimbursed $4,500 this year by his insurance company. Malcolm claimed the standard deduction last year. What amount m ...

You will receive a payment of 10000 per year forever

You will receive a payment of $10,000 per year forever; however the first payment will not begin for 9 years. If the appropriate interest rate is 7%, what is this worth today? Is this 10,000/.07 for 142,857.14? Does it m ...

The distribution of the monthly amount women spent on

The distribution of the monthly amount women spent on supermarket in Houston city has a mean of $675 and a standard deviation of $80. A random sample of 64 families in this city is selected. Which Excel statement will fi ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As