he ‘underground economy’ can be described as: production of infrastructure that spurs growth in the rest of the economy economic activity that is hidden from the government to avoid taxes or because the activity is illegal economic production that includes mining production of intermediate goods and services
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Question 14
The ‘underground economy’ can be described as:
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production of infrastructure that spurs growth in the rest of the economy |
||
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economic activity that is hidden from the government to avoid taxes or because the activity is illegal |
||
|
economic production that includes mining |
||
|
production of intermediate goods and services |
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Solved in 3 steps
- According to the classical model, there is no need for government intervention in the economy. If the economy is left alone, full employment output will eventually occur. a. True b. FalseWhen markets fail to allocate resources efficiently in an industry, the government often intervenes by regulating that industry. Explain with practical examples four (4) problems that could prevent regulation from leading to the optimal allocation of resources?QUESTION 43 The ____ was deliberately designed to measure outputs, without taking into account their beneficial or harmful environmental impacts. a. genuine progress indicator b. free market c. gross domestic product d. market pricing structure e. government subsidy system
- 26 Jláw ?Which of the following is part of the first big economic questions ?What goods and services are produced (A ?How are the goods and services produced (B All of the answers are correct ?For Whom are goods and services produced (DWhich of the following objectives of the company creates immoral practices such as: corrupt practice, unfair trade practice, etc.? Select one: A. None of the given options B. Profit Maximization C. Welfare Maximization D. Wealth MaximizationQuestion: Which sector of the economy includes spending on new factories, equipment, and housing? A) Government sector B) Household sector C) Business sector D) Financial sector
- 17. Companies are involved in exporting their product to different parts of the world then setting up a producing facility abroad. Explain what are the advantages and limitation of such strategy.Which of the following is a disadvantage of outsourcing? A. freeing up capacity B. freeing up capital C. transferring production and technology risks D. limiting ability to upsize or downsize productionOpen market operations are used by the federal government as a means of changing the money supply in the economy . True False
- As a country industrializes, certain economic and social changes affect the country's geography. A. Describe ONE difference between the level of industrialization typically seen in more developed countries and the level seen in less developed countries. B. Describe the difference between the primary economic sector and the secondary economic sector. C. Explain how the rise of secondary sector employment affects population size in urban communities. D. Describe ONE change in transportation infrastructure necessary to facilitate urban industrial development. E. Explain ONE way that women's roles in the household or local labor force change as a result of a country's industrialization. F. Explain ONE way that increasing industrialization can affect gender equality in less developed countries. G. Explain the degree to which dependency theory accounts for uneven economic development at the global scale.QUESTION 4 A quota is a market-imposed balancing factor that keeps prices of imports and exports in equilibrium. a law that prevents ecologically damaging goods from being imported into a country. a tariff imposed on goods that are dumped in the country. a government-imposed restriction on the quantity of a specific good that can be imported.If a company has some extra cash that is lying idle and wants liquidity and safety in a government investment, what type of investment is likely to be chosen?