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What are the implications of solow growth model?
The solow growth model has several long term implications: -changes in total output are dependent upon changes in population and technology growth (n + g). -Changes in output per person are solely dependent upon changes in technology (g), implying that technology/efficiency is the only variable that improves standard of living, from generation to generation. -Countries with lower population growth rates experience higher income per person. -The steady state and golden rule conditions inform an economy as to it's correct level of saving, therefore capital and consumption. -And a lot of other stuff...
What is an economic system where most economic decisions are based upon what has been done for generations?
traditional
What socio-economic system was the south's antebellum economy based upon?
Slaves
The growth of industry in the US was dependent upon trade as well as what?
demonstration of military power apex
What economic system MOST supported the colonial economy?
A capitalist economic system is what supported the colonial economy. This meant that the economy was built upon people who could capitalize off of it.
What is Karl Marx theory of population?
1)Population growth depends upon the economic base of society 2)population growth equals a greater production of economic commodities, thus creating a better life for all.
What was the conclusion of communism?
Communism is a philosophical, social, political, and economic ideology and movement whose ultimate goal is the establishment of a communist society, namely a socioeconomic order structured upon the ideas of common ownership of the means of production and the absence of social
What are the implications of solow growth model?
The solow growth model has several long term implications: -changes in total output are dependent upon changes in population and technology growth (n + g). -Changes in output per person are solely dependent upon changes in technology (g), implying that technology/efficiency is the only variable that improves standard of living, from generation to generation. -Countries with lower population growth rates experience higher income per person. -The steady state and golden rule conditions inform an economy as to it's correct level of saving, therefore capital and consumption. -And a lot of other stuff...
How are development and environment inter-related?
the lesson drawn from ecological studies in the United Nation show that political,social, and economic growth and development are crucially dependent upon the state of the human environment
What is an economic system where most economic decisions are based upon what has been done for generations?
traditional
The principles upon which New Jersey was founded?
Economic reasons
What are the economic social and political standings of white Americans?
The economic, social and political standings of white Americans would depend upon who the people are. It may depend upon where they live. It may also depend upon what type of background they have come from.
The American system was an economic plan which called upon the national government to aid the country's economic development?
true
What was the following was the practice of poll taxes based upon?
A person's economic level - Apex
How can one build a Business Network?
To build a business network it is like a socioeconomic activity by which groups of like-minded businesspeople recognize, create, or act upon business opportunities.
Which was the practice of poll taxes based upon?
A person’s economic level
What was practice of poll taxes based upon?
the person economic level .
