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Hypothetically cannot happen. Factually, probably will not happen-ever. If, however people stop relying on fairy-tales-as-facts, there could possibly be economic collapse due to people no longer supporting religion financially. Religion is a multi-billion dollar, if not trillion dollar industry. Religious leaders have a monetary interest at stake, and its demise if suddenly the entire world quit supporting its money habit; would not be pretty.

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Which is better economic model or socioeconomic model?

A socioeconomic model tells you more than an economic model does, so in most cases I would say the socioeconomic model is better.


An example of a natural monopoly would be a congested public freeway. an airline flight that has been overbooked. local cable television service. public parking?

I would have to say a local cable tv service. It is the only one that would fit the description at all. I chose it because as the only cable provider in the area (hypothetically), there would be no competition for it, thus creating a natural monopoly on all cable business in the area.


Definition of income convergence?

The term convergence means two things converging upon each other or getting closer. In the case of economics and income it means two separate countries or economies whose income usually average income is converging or getting closer over time. An example would be the average income in the Mexico and the Untied States hypothetically getting closer over time.


If full employment in this economy is 130 million will there be an inflationary expenditure gap or a recessionary gap What will be the consequence of this gap By how much would aggregate expenditures?

A recessionary gap. Equilibrium GDP is $600 billion, while full employment GDP is $700 billion. Employment will be 20 million less than at full employment. Aggregate expenditures would have to increase by $20 billion (= $700 billion -$680 billion) at each level of GDP to eliminate the recessionary gap. The MPC is .8, so the multiplier is 5.


What are the consequences of copyrighting?

The intent of copyright is to encourage creativity by making it financially viable to create for a living, by controlling scarcity in the marketplace. One would hope, therefore, that the consequence of copyright is indeed more creativity. An argument against this is that people were creating art, music, and literature long before copyright ever existed.

Related Questions

What is a good sentence for socioeconomic?

Socioeconomic factors are the combined effects of social factors and economic factors, hence socioeconomic; an example sentence would be: The variety socioeconomic factors in Russia make it very interesting to study.


Which is better economic model or socioeconomic model?

A socioeconomic model tells you more than an economic model does, so in most cases I would say the socioeconomic model is better.


What is 2 plus 2 hypothetically?

what ever you want it to be i would say 4 but that is me.


What does hyperthetorically mean?

Hypothetically is a term used to propose a fictional situation. For example, I could say, "If I hypothetically won a million dollars, I would buy a jet." This sentence shows the outcome of a fictional situation.


How would you use socioeconomic in a sentence?

There was little evidence of a socioeconomic gradient in survival.


What does hypothetically mean?

It comes from the word hypothesis.The easiest way to explain it is to use it in a sentence."What is the air speed velocity of a swallow carrying a coconut?""Swallows do not carry coconuts.""Ok well, hypothetically, what would it be if they did carry coconuts?"


What is an adjective for proof?

The adjective for "proof" would be "proven."


Is a proven theory still a theory?

No it would be a theorem if it was proven.


What would be a direct consequence of what the British most hoped to achieve with the Navigation Acts?

What would be a direct consequence of what the British most hoped to achieve with the navigation acts?


Is Justin Bieber is girl or not?

Justin Bieber may possibly happen to be a gal. Hypothetically speaking the only one that would know that would be his parents and him.


What is the consequence for fair use?

Fair use is a defense for an accusation of infringement; the ideal consequence would be being found not guilty.


What is a consequence of not having a job or career?

you would be a hobo