If you had to use one word to answer the question why some countries and rich while others are poor, what would that word be?

Q: According to the article, are INGOs such as the UN and ICJ making a positive difference? What are…

A: The Rohingya are a stateless Indo-Aryan ethnic minority who mostly practise Islam and live in…

Q: What was Africa rich in

A: Africa is among the second largest continent in world and also have second highest population. It…

Q: Name the four segments of the economy

A: The economy is the one where there are mainly three sectors in the economy. The main sectors of the…

Q: why being poor is expensive? expand

A: The economics as an area of study deals with the use of resources in the economy, or society. The…

Q: Would you expect to find a higher standard of living in the Baltic States or in the border nations?…

A: The baltic states refers to the unofficial geographical term which is used to describe group of…

Q: What are the rights of workers and how can we spread the word

A: The people who in turn are being employed for the fulfillment of certain responsibilities for a…

Q: Who wrote An Inquiry into the Wealth of Nations? a. Adam Smith b. Milton Friedman c. Aristotle d.…

A: Adam Smith was the Scottish philosopher and economist. He was born in June 1723 in Kirkcaldy, United…

Q: entrepreneurs, freedom, opportunity, and a little bit of money are to economic growth and…

A: The correct answer is given in the second step.

Q: Per capita income?

A: Per capita income is the average income earned by per person in a given geographical boundary  in a…

Q: Are there enough resources in the world for 8 or 10 billion people to live decent, secure, happy…

A: Answer - No there not enough resources in the world for 8 or 10 billion people to live decent secure…

Q: What are the factors that can influence a country’s standard of living?

A: Standard of living indicates the degree of wealth or availability of material goods and services to…

Q: How does migration affect the economy?

A: Migration means when someone is moving from its home country to another country for the job.…

Q: What are some of the other ways of comparing the standard of living in countries around the world?

A: The standard of living is a very broad concept in economics as it includes both the physical as well…

Q: Mixed economic system is also called

A: Mixed economic system consist of both capitalism and socialism.

Q: Why are some countries today much poorer than other countries? Are today’s poor countries destined…

A: Economic growth in a country occurs when more output can be produced within a specific time period.…

Q: Still, don’t Americans experience more upward mobilitythan people in other rich countries?

A: The World Economic Forum's Global Social Mobility report includes an index called the Global Social…

Q: “Inflation benefits the rich and hurts the poor” and asks for your assessment as an economist.  What…

A: Inflation is the process of the abnormal rise in the general price level in the economy. Thus, the…

Q: Why is the typical American today more than 10 times richer than thetypical American a century ago?

A: The US economy is now the leader in the capitalist economies around the world. The growth and…

Q: hy my country is poor?

A: Poverty is a situation or situation where an individual or community lacks financial resources and…

Q: What is millennials?

A: Millennials is a group of people who is born in some particular specified time period. They have…

Q: What is bilateral ties

A: International trade agreements govern the exchange of goods and services between two or more…

Q: The main factor that separates wealthy from poor countries is     A.) Differences in productivity…

A: Rich countries are those which have a high level of GDP and per capita income. Poor countries are…

Q: Who are Baby Boomers?

A: Economics refer to the study of allocation of scarce resources in the most optimal way, when the…

Q: Discuss the following quote from the article by Jason Hickel: ‘Instead of pushing poor countries to…

A: The development industry claims that through spreading western, neoliberal capitalism across the…

Q: Who is the most rich is the world

A: People increase their income as their wages increase. There are many rich people in the world who…

Q: Do know who are Millennials or Generation Y? Search and read about this generation. Also find you…

A: The concept that depicts the people being of the same age and being either from the same family or…

Q: The common view is that an increase in productivity increases economic growth and welfare. However,…

A: Productivity refers to increase in production with same level of input. It means when by using same…

Q: Suppose the following data describe a nation's population: Year 1 Year 2 Population 320 million 330…

A: Unemployment rate = (unemployed / labor force) Labor force = Employed + Unemployed…

Q: In what two ways can we describe migration?

A: Economic migration refers to people moving from one country to another in order to take advantage of…

Q: Why did classical liberals argue against creating a welfare state?

A: In economics and social aspects, liberalism refers to the ideology according to which people accept…

Q: What's the better way to think about per capita income differences between rich and poor countries…

A: Theory of income distribution: Nicholas Kaldor frames a growth model, to present a structure for…

Q: What are the similarities between high- income countries in terms of market structure? Please…

A: The economics as a study is based upon the basic idea that the resources which are available with…

Q: Suppose country A has a GDP of 4000 with a population size of 200; country B has GDP of 9000 with a…

A: Here we calculate the which country is more likely have better living standard by calculating the…

Q: Which action by the Australian government would make its economy less mixed economy and more like a…

A: The market economy would be the point when the market as an allocative mechanism would result in the…

Q: Do you think the poor country can catch up with the rich country? Why?

A: Poor countries are characterized by the low level of economic growth, low level of per capita…

Q: With all its natural resources, why does Africa remain the poorest continent in the world

A: Country A is rich in natural resources, but due to various reasons its allocation and proper…

Q: WHat are baby boomers?

A: Answer -

Q: Why does the U.S. fall at the bottom of family leave entitlements in developed countries ?What would…

A: In "new economy" non-standard schedule works are very common. Over the past decade, the amount of…

Q: Can Filipinos have what it takes to thrive and achieve entrepreneurial success, not just locally but…

A: Over the past few years, there has been an increase in entrepreneurship as it is being allowed by…

Q: How is a traditional economy similar to and different from a mixed economy?

A: An economic system is that system where governments or societies arrange and allocate available…