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Americans enjoyed a higher standard of living than any other nation.
Amie Smitham
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What is the economic term that describes the increased benefit or satisfaction you will enjoy as a result of consuming one more of something?
The economic term that describes the increased benefit or satisfaction we the peopleÊwill enjoy as a result of consuming more than one of something is called as marginal benefit. It gives the extra benefit gained in the consumption of one more unit and works better than calculating the average benefit, in this case.
How does productivity in a country affect equilibrium currency prices?
If one country's productivity increased relative to another's, the former country would become more competitive in world markets. The demand for its exports would increase, and so would the demand for its currency.
How can the government encourage more spending?
Firstly, the Aggregate Demand consists of [ C + I + G +(X-M) ]. Government spending being one of the component of AD will affect the GDP. In this case, higher AD will boost the national income by a multiple amount through the multiplier effect.Next, government spending can be in the form of education, training, subsidies etc. This definitely will benefit the society in terms of lower price (Subsidies), able to fetch higher factor income in future (Education), increased productivity (Training) and much more! In a nutshell, the initial increase in G will in turn result in increased C , I and even X!
What is one way a company can encourage productivity improvement?
There are many ways to encourage employees to increase their productivity. One specific way to encourage improvement in productivity it to hire within. Hiring within is a term for promotion employees and gives the employee incentives to work harder for the common goals of the company. By working harder, employees may earn a promotion.
What is one cause of the US trade deficit?
.Increased imports from China.
One result on the federal government's hunt for communists in the 1950s?
Immigration from Southern and Central Europe increased. -JenniferMichelle Kinsel (:
How did the effort to build a hydrogen bomb in 1950s affect us soviet relations?
It increased the nations fear of one another
What was one result of the Great Purge?
Increased Stalin's Power
What was one result of Louisiana purchase?
The powers of the president were increased.
What was one result of the Louisiana Purchase?
The powers of the president were increased.
How to differ from production and productivity?
Production refers to the volume, value or quantity of goods and services produced by a worker, plant, firm or economy. Its the sum total of the results achieved by the various factors together. Productivity, on the other hand, is concerned not merely with the total value or volume of output of product, what is more important is that it shows us the efficiency of the production. The difference between the two is when we find that all increases in production, does not necessairly result in increased productivity. If increase in total output is brought about with an increase in the input of factors of production, production will have increased, but productivity will only remain constant or low. Keeping all factors same, when we achieve higher output, then it is called increased productivity. Production refers to the volume, value or quantity of goods and services produced by a worker, plant, firm or economy. Its the sum total of the results achieved by the various factors together. Productivity, on the other hand, is concerned not merely with the total valur or volume of output of product, what is more important is that it shows us the efficiency of the production. The difference between the two is when we find that all increases in production, does not necessairly result in increased productivity. If increase in total output is brought about with an increase in the input of factors of production, production will have increased, but productivity will only remain constant or low. Keeping all factors same, when we achieve higher output, then it is called increased productivity. In fact Productivity refers to the quality of production. The clear definition of Productivity is the ratio of output to aggregate inputs. As per the International Labour Organization, the aggregation, if done in monetory terms, gives the exact value of productivity. A bit of common sense can tell that productivity is valued higher than one..as output should be more than all the inputs put together. However, it is not uncommon to hear the words labour productivity, material productivity etc. When such factors of production are referred with the word 'productivity', one has to understand that the evaluation of such factors with reference to production(output) is being done. In technical terms, we call them partial productivities. for example, Labour productivity means that the ratio of output to the corresponding labour input. This can be the out put achieved per man-hrs spent to get that output.
What aided economic growth in the US in the 1950s?
Domestic Buying Increased -APEX
What was one direct result of Crusades?
The Crusades increased trade and commerce.
What is the economic term that describes the increased benefit or satisfaction we will enjoy as a result of consuming one more or something?
Marginal Benefit is the economic term that describes the increased benefit or satisfaction we will enjoy as a result of consuming one more of something.
What is the economic term that describes the increased benefit or satisfaction we will enjoy as a result of consuming one or more of something?
Marginal Benefit is the economic term that describes the increased benefit or satisfaction we will enjoy as a result of consuming one more of something.
What is the economics term that describes the increased benefit or satisfaction we will enjoy as a result of consuming one more of something?
Marginal Benefit is the economic term that describes the increased benefit or satisfaction we will enjoy as a result of consuming one more of something.
What is economic term that describes the increased benefit or satisfaction we will enjoy as a result of consuming one more of something?
Marginal Benefit is the economic term that describes the increased benefit or satisfaction we will enjoy as a result of consuming one more of something.
