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Q: Improvements in what allow an economy to produce more output from the same or a smaller quantity of inputs?
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Continue Learning about Economics

What changes does a unit elastic supply curve show?

A change in price causes a relatively smaller change in quantity supplied .


Is flying economy coach good?

Better than walking, but seats are smaller, closer than Business class or 1st class.


Does the size of a country's economy matters in international trading?

Yes. Generally, the size of an economy, according to the Gravity model, has two major affects on its level of trade: 1) In absolute terms, a higher level of trade than smaller economies. As the size of an economy increases, so does the total amount of trade. 2) In proportional terms, a lower level of trade than smaller economies. As the size of an economy increases, the total amount of trade falls in proportion to the size of the economy. This can be seen as an effect of intra-regional specialisation, higher availability of inputs in production, and a larger market for selling.


What are some negative or positive externalities the automotive industry produces?

Negative externalities lead markets to produce a larger quantiy than is socially desirable. Positive externatlities lead markets to porduce a smaller quantity than is social desirable. To remedy the problem, the government can internalize the externality by taxing goods that have negative externalities and susidizing good that have positive externalities.


As a country's economy develops a smaller percentage of the work force tend to be employed in?

A smaller percentage tends to be in the primary sector, when a country is so called a "first world country". The most people would be in the tertiary sector.

Related questions

Why does it take longer for a larger quantity of ice to melt then it does for a smaller quantity?

Because there is more ice.


Differences between retailer and wholesaler?

retailers buy gooods in smaller quantity while wholesalers buy larger quantity


What does decreased mean for maths?

Made smaller - by subtracting a positive quantity.


What improvements have been made to calculator?

One of the improvements that has been made to the calculator since the invention of the device is that calculators are much smaller now. Another improvement is that many of them are solar powered.


What does A ounces equal to a mixed number?

An ounce can be equal to a mixed number in the context of some smaller quantity which is not an exact fraction of an ounce: for example a gram or milligram. However, since no such smaller quantity has been specified it is not possible to give an answer.


Why pressure decreases while going to up?

Pressure actually is the force that the particles exercise over a particular level.When we are going up We'll find smaller quantity of particles above the level in which We are.So, if there is smaller quantity of particles above this level, there is also going to be a smaller force exercised on It.


What is smaller 20 percent or 12.5 percent?

As long as both quantities are written as percentages like you have in you answer, the quantity with the lesser magnitude will be smaller. Therefore... 12.5% is smaller than 20%


What improvements have been made in WinZip 7?

Performance improvements have been made in WinZip 7 including improved daily statistics performance, and a smaller navigation widget. A number of security fixes have been implemented to.


Can you call a physical quantity large or small without specifying a standard for comparison?

The amount or size of physical quantity depends on two things " number and unit". Every physical quantity has its own standard for fixed amount which is called as unit. The same physical quantity with larger or smaller size is measured in different units. for example 1cm or 1m Therefore even if we have to measure same physical quantity with larger or smaller size of it we should have a standard for comparison.


Which technologies have improved communication over the past decade?

The biggest improvements in communication over the past decade have been made possible by improvements in networks allowing clearer and quicker transmission especially via satelite. Handsets have also improved with lighter and smaller components meaning an improved phone but smaller and easier to handle.


What small business grants are available?

There are thousands of grants available in this world to help you start your small business. Going through the government, especially, you can receive grants for small improvements to the economy, the o-zone or government programs. There are other companies that will offer smaller grants- even as low as 100$, you just have to investigate.


A quantity must be divided by multiples of when converting from a larger unit to a smaller unit. true or false?

False.