Explain why your example is not a fundamental cause of growt

Assignment Help Microeconomics

Reference no: EM13734568

5.Give an example of a proximate cause of growth, and explain why your example is not a fundamental cause of growth. 6.Give an example of a fundamental cause of growth, and explain why your example is not a proximate cause of growth. 7. Let's say there are two regions. In one region, cattle can be raised. In the other, sheep can be raised. Sheep and cattle both produce milk and fertilizer. Cattle, however, are best raised in huge herds with many workers and only a single owner. Sheep are best raised on small, family-owned ranches. Based on what we discussed in class, what might cause these two regions to differ in terms of long-run growth?

Reference no: EM13734568

Questions Cloud

What are the equations for the total revenue : Given the above information, what are the equations for the total revenue (TR) curve and the marginal revenue curve? Draw a graph for each one. TR=PQ. Note on Blackboard: the marginal revenue curve has the same intercept and double the slope of the d..

How was ivan denisovich able to resist dehumanizing aspects : how was Ivan Denisovich able to resist the dehumanizing aspects of camp routine?

The graph shown demonstrates a tax on sellers : The graph shown demonstrates a tax on sellers. Which of the following can be said about the effect of this tax?

Develop the ideal promotional campaign : Direction: Develop the ideal promotional campaign to connect with your target customers

Explain why your example is not a fundamental cause of growt : Explain why your example is not a fundamental cause of growth. 6.Give an example of a fundamental cause of growth, and explain why your example is not a proximate cause of growth. 7. Let's say there are two regions. In one region, cattle can be raise..

Basis of many multinational firms competitive advantage : A licensing agreement is an arrangement whereby a licensor grants the rights to intangible property to another entity (the licensee) for a specific period, and in return, the licensor receives a royalty fee from the licensee. Remember that technologi..

Establishing and communicating organizational culture : Who is responsible for establishing and communicating organizational culture. How does organizational culture relate to organizational performance.

Explain why you think customer service is important : Explain why you think customer service is important and Explain one positive and one negative customer service experience you have had personally or observed

Techniques for building relationships with customers : Write a one-page paper in which you identify at least three techniques for building relationships with customers in today's competitive business environment

User Account

All Pages