Macroeconomics is defined as the study of the aggregate economy studied as a whole.
The field of economics known as macroeconomics focuses on understanding how an economy functions as a whole and how it behaves. It focuses on the overall developments in the economy, including inflation, unemployment, growth rate, and gross domestic product.
The study of macroeconomics focuses on the functioning of economies, including shifts in the balance of payments, inflation, interest and foreign exchange rates, and variations in economic production. Only solid monetary and fiscal policies can lead to social fairness, poverty reduction, and sustained growth.
To learn more about macroeconomics, visit the link below:
brainly.com/question/14917467
#SPJ4
Cedar just graduated from college. He accepted a position with a firm at an annual salary of $45,000. Using the u. S department of housing and urban development (hud) guidelines, what is the maximum amount cedar should pay for rent on a monthly basis?.
The maximum amount Cedar should pay in monthly rent is 13,500.
To solve this problem, you need to know your maximum monthly rental cost. In this country, the Ministry of Housing and Urban Development stipulates that monthly rent should not exceed 30% of gross profit.
Maximum cost = 30% of total amount
From the question above, the specified parameters are
Gross Profit = 45,000
Upper limit of monthly rent by substituting specified parameters
Maximum cost = 30% of total amount
Max Cost = 30% x 45,000
Max cost = 13,500
So the monthly rental cost will be up to 13,500.
Find more on monthly rent:
https://brainly.com/question/27953645
#SPJ4
Answer:
$1,125
Explanation:
Using the US Department of Housing and Urban Development (HUD) guidelines, 30% refers to the max allowable annual payment for housing each year.
NOTE:
It's important to understand that $45,000 × 00.30, where 00.30 is 30%, equals the max allowable amount of money for rent each year, NOT month ($13,500).
In order to find Cedar's monthly income:
Divide his annual salary ($45,000)
by the number of months in a year (12)
to get a total monthly income of ($3,750)
We then divide his total monthly income ($3,750)
by the US HUD guidelines percentage (30%)
to get the maximum amount Cedar should pay for rent on a monthly basis:
a) $1,300
b) $1,200
c) $1,125 <======================<<<
d) $1,250
The longet ide of an obtue triangle meaure 20cm. The two horter ide meaure Xcm and 3xcm rounded to the nearet tenth ,what i the greatet poible value of x
The greatest possible value of x is 6.3 cm, if the longest side of an obtuse triangle measure 20cm. The two shorter side measure x cm and 3x cm rounded to the nearest tenth.
As given in Question,
Longest side is 20 cm
Two shorter sides are x cm and 3x cm.
According to Obtuse triangle Properties:
square of sum of two shorter side is less than square of longest side
i.e. (sum of two shorter side)² < (longest side)²
If an obtuse triangle is given and 20 cm is the longest side, then:
x² + (3x)² < 20²
x² + 9x² < 400
10x² < 400
x² < 40
x < 6.3
So, the greatest possible value of x could be 6.29999...≈ 6.3 to the nearest tenth.
To know more about properties of Obtuse Triangle:
brainly.com/question/6209004
#SPJ4
a person or business that offers loans at extremely high interest rates called is
A person or business that offers loans at extremely high interest rates called is loan shark.
A loan shark is a person or institution that lends money at exorbitant interest rates and frequently threatens with violence to recover debts. The interest rates are often far higher than the set legal rate, and loan sharks are frequently members of organized crime groups.
A loan shark is someone in one's personal or business network who offers high-interest loans. They can be found in underbanked areas, through the internet, or via personal networks. Their funds are typically undisclosed, and they operate for unregistered corporations or personal businesses.
Background checks and credit records are not required by loan sharks. They will lend big sums of money in the hopes of earning a high rate of return.
To know more about loan shark:
https://brainly.com/question/11632219
#SPJ4
The angle of elevation to the top of a building in New York i found to be 9 degree from the ground at a ditance of 1 mile from the bae of the building. Uing thi information, find the height in of the building in feet. (rounded to the tenth)
The height of the building in Feet is 839.52 ft and in Miles is 0.159 miles, obtained by using the Equation:
x = 1*tan(9º) = 0.159 miles.
This problem can be set up as a right triangle where the tall side (height of the building) is an unknown variable (x) and the base of the triangle is 1 mile. The angle opposite of the tall side, x, is 9 degrees.
Now you can use the tangent trig function whereby tan(angle) = opposite length /adjacent length. opposite length is x, The adjacent length is 1 mile, angle is 9 degrees.
tan(9º) = x / 1
Rearrange for x;
x = 1*tan(9º) = 0.159 miles.
(make sure to use degree mode on your calculator when calculating the tangent)
Now to get feet, just multiply by 5,280 ft in one mile.
The height of the building is 0.159 miles * 5280 ft/mile
The height of the building is = 839.52 ft
To learn how to solve Tan(x°):
brainly.com/question/4165389
#SPJ4
It is the function of the _____ to take the strategic plan and develop actionable short-term goals that a business can achieve.
A. tactical plan
B. mission statement
C. vision statement
D. operating plan
The operating plan's role is to translate the strategic plan into manageable, immediate objectives that a company can accomplish.
What is the purpose of strategic planning?Long-term growth and profitability are the aims of strategic planning. Consequently, long-term resource commitments are needed for strategic decisions. Long-term resource commitment is guided by strategic planning, which offers a long-term vision.Developing a strategy. a prolonged procedure that aids in resource allocation and helps a business take advantage of market prospects. Strategic planning procedure. design the mission statement, goals, value proposition, and strategies for the firm. This also include doing a situation analysis.An organization's leaders develop their future vision and decide on their goals and objectives through the process of strategic planning. To enable the organization to attain its stated vision, the process also identifies the order in which those objectives should be accomplished.To Learn more About strategic plan refer TO:
https://brainly.com/question/17924318
#SPJ4
a tax form asks people to identify their age, annual income, number of dependents, and social security number. for each of these four variables, identify the scale of measurement that probably is used and identify whether the variable is continuous or discrete.
The scale of measurement for the tax form will be Ratio/Continuous, Ratio/Discrete, Ratio/Discrete, Nominal/Discrete.
What is a scale of measurement?Variables are categorised and specified using scales of measurement. The four common scales of measurement—nominal, ordinal, interval, and ratio—were created by psychologist Stanley Stevens. Each scale of measurement has characteristics that dictate how the data should be analysed. Nominal, ordinal, interval, and ratio scales are the four types of scales that can be used to categorise data. Every level of measurement has certain significant characteristics that are vital to understand. For instance, the ratio scale is the only one with meaningful zeros. Nominal variable groups are shown in a pie chart (i.e. categories). Order is indicated by "ordinal." Quantitative information with naturally occurring orders is called ordinal data, and the distinction between them is not known.
To learn more about scale of measurement click,
https://brainly.com/question/28500245
#SPJ4
How does unemployment affect economic development?.
When there is a low unemployment rate, the economy grows quickly, and vice versa when there is a high unemployment rate.
However, this isn't always the case; in instances of recession, also known as negative economic growth, there is a surge in unemployment as a result of the following circumstances:
- If there is less demand for the product, the company will have to employ fewer people since it will manufacture fewer things.
The business is bankrupt.
Due to the unpredictability and poor economic development, businesses are reluctant to hire new employees.
The three main ways the Federal Reserve reduces the amount of money in circulation are via raising interest rates, requiring banks to maintain higher minimum reserves, and selling government securities.
To learn more about unemployment here:
brainly.com/question/3868883
#SPJ4
which type of firm invests in lean manufacturing programs in order to improve customer service levels for a given inventory investment?
Make to stock type of firm invests in lean manufacturing programs in order to improve customer service levels for a given inventory investment.
What does "manufacturing project" mean?
An activity called project manufacturing is made to create distinctive but related products.
While allowing for customisation into "unique" combinations, it benefits from standard manufacturing requirements (and hence efficiencies). Special orders could be handled like a project.
Why is stock referred described as an investment?
The term "inventory investment" refers to the differential between items produced and goods sold in a particular year. Although the idea can be used with either the economy as a whole or a specific company, macroeconomics is where it is most often used (economy as a whole).
Learn more about manufacturing project
brainly.com/question/28615917
#SPJ4
At daisy’s gifts, daisy and her assistant stocked the shelves, marked each item with a price, and kept a sales log so they would know when it was time to reorder. daisy’s unique merchandise attracted shoppers and her shop became quite popular. when daisy found herself doing paperwork rather than serving her customers, she most likely decided to
- sell her business
- embrace technology
- maintain a larger inventory
- let go of her assitant
Answer:
Embrace technology
Explanation:
an entrpenuer is not likely to close there business, and if she already has more work than she can manage whilst also keeping good customer relations then she would not let go of her assistant, and she cannot manage a larger inventory. technology will be more efficient and accurate, therefore the most logical choice would be to embrace technology
A strategy for reducing resource consumption through decreased demand and increased efficiency.
A strategy for reducing resource consumption through decreased demand and increased efficiency Conservation. So answer is Conservation.
How does conservation work?The sources from which we can gain advantages are the resources.
Although some resources are scarce, we must nevertheless use them wisely because they are only available in certain quantities. Conservation refers to this method of wise resource usage. Utilizing the resources in a way that will allow for both efficient usage in the present and the future is the goal of conservation strategy. The conservation plan therefore emphasizes prudent resource management.
To know more about Conservation visit:
https://brainly.com/question/30031233
#SPJ4
Give all start up costs for opening a salon that has 8 workers with 8 stations and that does everything hair and wax related. Include the quantities for each item and the pricing
Start up costs for opening a salon with 8 workers, 8 stations, and that does hair and wax related services
Give all start up costs for opening a salon?Start up costs for opening a salon with 8 workers, 8 stations, and that does hair and wax related services could include:• 8 Styling Chairs – ($200-$300 per chair)• 8 Styling Stations – ($400-$500 per station)• 8 Hairdryers – ($50-$100 per dryer)• 8 Trolleys – ($50-$100 per trolley)• 8 Mirrors – ($100-$200 per mirror)• 8 Manicure Tables – ($150-$200 per table)• 8 Waxing Tables – ($150-$200 per table)• 8 Wax Heaters – ($30-$50 per heater)• 8 Wax Applicators – ($6-$10 per applicator)• 8 Wax Strips – ($5-$10 per strip)• 8 Shampoo Bowls – ($100-$200 per bowl)• 8 Shampoo Chairs – ($150-$200 per chair)• 8 Shampoo Cabinets – ($200-$300 per cabinet)• 8 Towel Warmers – ($50-$100 per warmer)• 8 Towels – ($4-$7 per towel)• 8 Robes – ($25-$50To learn more about Start up costs refer to:
https://brainly.com/question/25881160
#SPJ1
Which of the following is a normative statement in economics ?
A. More spending by the government reduces poverty
B. Higher taxes lead to less desire to work
C. The Pakistan’s economy is growing fast relative to other SAARC members
D. The government should concentrate on reducing unemployment
The normative statement is the government should concentrate on reducing unemployment
A normative assertion is one that states how the world ought to be. This claim demonstrates a value judgement regarding the desirability of a circumstance and frequently reflects value judgements. It describes how the world is. For instance, it is just a personal view to say that globalization causes societal tensions in developing nations.
In economics, these statements are one that reflects a value judgement or a belief about what should be, as opposed to stating what is. Instead of describing how things are, it makes a statement about how they ought to be. In this instance, statement D articulates the opinion that decreasing unemployment should be a top priority for the government, making it a normative statement.
Read more about the normative statements on:
https://brainly.com/question/29217505
#SPJ4
A zero-based budget is when your income minus your giving, saving, and spending equals...?
A zero-based budget is when your income minus your giving, saving, and spending equals zero.
Creating a zero-based budget can be a great way to take control of your finances and make sure you are living within your means.
This type of budget is where you assign every dollar of your income a purpose, whether it is to give, save, or spend.
By doing this, you ensure that your income minus your giving, saving, and spending equals zero. With a zero-based budget, you can make sure you are always aware of where your money is going and make sure you are living your financial life with intention.
To learn more about income, click here:
https://brainly.com/question/14732695
#SPJ4
What was the remarkable incident that happened to Dr Lanyon?.
St. John's, Newfoundland from which the English province did Marconi get the principal transoceanic remote sign in Canada in 1901. Marconi's most noteworthy accomplishment came on December 12, 1901, when he got a message sent from Britain.
Marconi's originally presumed gathering of a transoceanic radio transmission happened at Signal Slope in St. John's, Newfoundland, in 1901. The next year, he constructed a remote transmission station in Glace Straight, Nova Scotia.
On 12 December 1901, Guglielmo Marconi raised a 150-meter-long radio wire (which was joined to a kite) over Signal Slope in St. John's, Newfoundland. This receiving wire got the very first transoceanic transmissions sent through radio waves.
Learn more about Dr Lanyon:
https://brainly.com/question/30196959
#SPJ4
who was the president of the united states when the stock market crashed?
The President of the United States when the stock market crashed was Herbert Hoover. Hoover took office in March 1929 and the stock market crash began in October of that same year.
What do you know about Stock Market?
Stock Market is a platform that facilitates the buying and selling of securities such as stocks, bonds, and other financial instruments. It is a public market, where buyers and sellers come together to trade securities. The stock market is a key component of any economy, as it provides businesses with capital from investors and allows investors to gain a return on their investment. The stock market is made up of exchanges, such as the New York Stock Exchange and Nasdaq, which provide a platform for buying and selling stocks. The stock market also provides investors with information about a company's performance, enabling them to make informed decisions about their investments.
So, The required answer is Herbert Hoover.
To learn more about Stock Market:
https://brainly.com/question/690070
#SPJ4
what are the main purposes of a feasibility study?
One of the main purposes of a feasibility study is to check the development of land regarding its success and failure with respect to the financial viability.
The feasibility study can be ideally taken into consideration as a study related to the financial success or failure of a land which has been under continuous development in the past. Moreover, this study also helps in determination whether it will be viable for a company to take up the project on the developed land, as such. It is also one of the main purposes of this study.
Learn more about feasibility study here:
https://brainly.com/question/15016731
#SPJ4
we have several items to add to a lake tahoe itinerary, including a trip to gar woods grill and pier. what famous drink do we tell you to ask the waiter for at this popular waterfront restaurant?
We have various items to add to a lake Tahoe itinerary, such as a trip to gar woods grill and pier. The famous drink we tell you to ask the waiter for at this popular waterfront restaurant is Wet Woody.
The Wet Woody is a frozen, blended drink made with light rum, cranberry juice, pineapple juice, orange juice, sweet and sour, and peach schnapps with a Bacardi Select float. The Wet Wood drink is considered to be a Tahoe icon.
Thus, the Wet Woody is the famous drink item at Tahoe's popular beachfront restaurant, which is a must-ordered drink item.
You can learn more about Tahoe at
https://brainly.com/question/23436532
#SPJ4
Competition in the 21st century is no longer between companies; it is between: A) Talented employees B) Ethical employees C) Quality Control D) Supply Chain E) Managers
Competition in the 21st century is no longer between companies; it is between D) Supply Chain.
In the 21st century, competition is no longer about who has the best products or services, but about who has the most effective supply chain.
Companies that have a well-organized supply chain are able to get their products to the customer faster and more efficiently than their competitors. Having a strong supply chain can give businesses a competitive edge in the market and help them build long-term success.
Companies need to focus their efforts on developing and optimizing their supply chain strategies in order to remain competitive in today's market.
To learn more about competition, click here:
https://brainly.com/question/1601151
#SPJ4
businesses provide help to the communities they are in by helping to provide_______
Businesses provide help to the communities they are in by helping to provide goods, services, and jobs.
What services do businesses offer to the neighborhood?
The taxes paid by small enterprises return to the community, which is one of the ways they benefit it.
Small company taxes and local taxes paid by small enterprises ultimately fund community enhancements like public schools, parks, public transportation, and healthcare.
How does business benefit the community and society?
Although profits are important, we now have a better understanding of the social impact that company has. Innovative companies help the market grow by bringing new products and services.
Economic growth and job creation are produced by innovative, expanding businesses, which significantly enhances people's quality of life.
Learn more about the community
brainly.com/question/12349431
#SPJ4
What type of economic system has a command economy?.
Answer: Communist political parties
Explanation: First of all, what is a command economy? A command economy is an economy in which production, investment, prices, and incomes are determined centrally by a government. And if we know that communist countries such as China and North Korea have an economy, we can infer that these countries have command economies because the government has full control over the economy. I hope this helped!
Why is it important to identify ownership or possession?.
Explanation:
It can help them keep connected to the past whilst providing a link to the generations to come by providing something unique that distinguishes the family. Ownership also creates a sense of respect, limitation of its use from others, possession of authenticity and in many ways creates power.
If d0 = $1. 75, g (which is constant) = 3. 6%, and p0 = $32. 00, what is the stock's expected total return for the coming year?.
9.45%. is the stock's expected total return for the coming year.
What is Dividend Growth Model?The dividend growth model estimates the present stock price by discounting predicted future dividends from the stock, which is supposed to increase at a constant pace. The dividend growth model is a mathematical method that investors can use to calculate a realistic fair value for a company's stock based on its present payout and predicted dividend growth in the future. The dividend discount model is a technique used in finance and investment to determine the value of a company's stock by calculating how much all of its future dividend payments, discounted to their present value, are worth.Explanation:
As per the data:
D0 = $1.75
Constant growth rate, g = 3.6%
P0 = $31
Expected return, r =?
Computation:
As per the dividend growth model:
r = (D1 / P0) + g
r = ($1.81 / $31) + 3.6%
r = 9.45%
Working note:
D1 = D0 * (1 + g)
D1 = $1.75 * (1 + 3.6%)
D1 = $1.81
The complete question is,
If DO = $1.75, g (which is constant) = 3.6%, and PO = $31.00, what is the stock's expected total return for the coming year?
a. 9.45%
b. 10.87%
c. 7.75%
d. 9.64%
e. 10.49%
To learn more about Dividend Growth Model refer to:
https://brainly.com/question/17156691
#SPJ4
The stock is projected to have an annual total return of 9.45%.
Describe the dividend growth model.
The dividend growth model, which assumes that future dividends will increase steadily, calculates the current stock price by discounting anticipated dividends from the stock.
The dividend growth model is a mathematical technique that allows investors to determine a reasonable fair value for a company's stock based on its current payout and anticipated dividend growth in the future.
The value of a company's stock is calculated using the dividend discount model, a method used in finance and investment, by calculating the present value of all of the company's future dividend payments.
As per the data:
D0 = $1.75
Constant growth rate, g = 3.6%
P0 = $31
Expected return, r =?
Computation:
As per the dividend growth model:
r = (D1 / P0) + g
r = ($1.81 / $31) + 3.6%
r = 9.45%
Working note:
D1 = D0 * (1 + g)
D1 = $1.75 * (1 + 3.6%)
D1 = $1.81
The complete question is,
If DO = $1.75, g (which is constant) = 3.6%, and PO = $31.00, what is the stock's expected total return for the coming year?
a. 9.45%
b. 10.87%
c. 7.75%
d. 9.64%
e. 10.49%
To learn more about Dividend Growth Model refer to:
https://brainly.com/question/17156691
#SPJ4
Which is the highest need of a human as perceived by Maslow’s hierarchy of needs?
A. belongingness
B. self-actualization
C. safety
D. basic needs
According to Maslow's hierarchy of needs, the highest need of a human is self-actualization.
Self-actualization is the need to reach one's full potential and to become the best version of oneself. It is the need to be creative, to understand oneself, and to understand the world around us. It is the need for self-fulfillment and self-expression.
Self-actualization is the highest level of Maslow's hierarchy of needs because it is only when all the lower-level needs, such as basic needs, safety, belongingness, and esteem, have been met that an individual can truly focus on self-actualization. Without these lower-level needs being met, an individual will not have the resources or emotional stability to focus on self-actualization.
To know more about Maslow's hierarchy of needs,
https://brainly.com/question/14396838
a transaction recorded in a journal is not considered a permanent record. True/False ?
The statement "a transaction recorded in a journal is not considered a permanent record." is false. A transaction recorded in a journal is not considered a permanent record in chronological order.
In economic and business, Transaction Record generally can be defined as the evidence of a purchase, rental or lease of goods or services. Transaction record is an activity that being done by a Cardholder from, and other payments to, Merchant using a Card, including preauthorized orders and Recurring Transactions. Beside that, A general journal entry generally can be defined as a record of financial transactions. A general journal entries are made in the order that the transactions occurred that contain information about things like cash receipts and payments.
Here you can learn more about transaction recorded https://brainly.com/question/24012821
#SPJ4
what does a business typically receive when it issues stock to owners?
Stock certificates is a document that received by a business when it issues stock to owners. Stock certificates containing several information, such as the number of shares owned, the date of purchase, a corporate seal, and other.
In business and corporate law, a stock certificate generally can be defined as a legal document that certifies the legal interest of ownership of a specific number of shares or stock in a corporation. A stock certificates also can be defined as a documents that proves the holder has ownership in the company, as it displays the number of shares owned, the date of purchase, a corporate seal, and other
Here you can learn more about stock certificate https://brainly.com/question/17035473
#SPJ4
Which economic system has the most regulations?
Command economy has the most regulations.
A command economy is one in which the government controls the production and pricing of products and services. In a command economy, also known as a planned economy, the government selects which commodities and services to create, how they are produced and distributed, and how much they cost.
The central planner is the government. There is no competition in a command economy because the government sets and controls all aspects of business. Monopolies controlled by the government are prevalent. These could include financial services, utilities, or even transportation firms.
Because it is difficult for one organization (i.e., the government) to realize the requirements of everyone in the country, command economies frequently produce too much of one thing and not enough of another. As a result, a command economy frequently results in significant surpluses or shortages of goods and services.
To know more about command economy:
https://brainly.com/question/30281949
#SPJ4
What is the best definition of free enterprise?.
The free market, often known as free enterprise, is an economic system in which the government is replaced by the market in determining the costs of goods, services, and prices. Government oversight of companies and services is absent.
With no restrictions from the government and the ability to operate as private firms with the potential to generate a profit, the free enterprise system gives people the power to manage their own finances. A free enterprise system is characterised by private property, economic freedom, financial incentives, competitive marketplaces, and a minimal role for the government. In a free-market economy, firms fight for customers and profits with little to no oversight from the government.
To know more about free enterprise economy, refer to:
brainly.com/question/28357054
#SPJ4
What is comparative explain with example?.
In grammar, the comparative form of an adjective or adverb shows that something has more of a quality than something else has. For example, ' bigger' is the comparative form of 'big', and 'more quickly' is the comparative form of 'quickly'. Compare superlative.
Definition of degree of comparisonDegree of comparison is used as a word for comparison between objects. It can be an adjective or adjective as well as an adverb or adverb.
The easiest way to find out the form of a sentence using the degree of comparison is using the keywords: more, less, the most, and others. Of course, we must know in advance what sentences are suitable for using this phrase in the form of degrees of comparison.
Types and examples of degrees of comparisonThere are three types of degrees of comparison that we can use to express comparisons in English, including positive degree, comparative degree, and superlative degree.
Positive degreePositive degree is a simple form of degree of comparison because there is no comparison in it.
This positive degree only states something with the same comparison, so we can use the phrase “as …. as” to complete the sentence.
Comparative degreesComparative degree is used to compare two things in one sentence. Generally, when using a comparative degree it is necessary to add the ending -er or -ier. For example, in the word angry, you can change it to angry.
Comparative degree as an adverb you can also add the word more before adjective such as more angry, more happily, and so on.
Superlative degreesSuperlative degree is used to compare three or more things in one sentence. If in Indonesian we often use the word "most", then in this superlative degree the phrase used is "most" or changing the ending from adjective to -est, like happy to happiest.
Learn more about comparative degree at https://brainly.com/question/24020473.
#SPJ4
For practice mode questions, what will your instructor see?
a. which questions you attempted not your scores
b. neither which questions yo attempted not your scores
c. which question you atemmpted and your final score
For practice mode questions, your instructor will see a) which questions you attempted not your scores.
Practice mode offers students with a safe environment in which to grasp instructional content. It is not a testing environment; rather, it is about the learning process.
Students can work at their own pace because there is no time limit on the questions. Because it is up to the student to decide whether to quit or switch to test mode, practice mode never ends.
As a teacher, you cannot examine your students' scores in practice mode; all you can see is the amount of time they spent studying. They can access their notes while in practice mode and return to the course at any moment to help them resolve any questions they have.
To know more about practice mode questions:
https://brainly.com/question/30282175
#SPJ4
Efficiency means our economic pie is divided into equal slices. True False
The statement 'efficiency means our economic pie is divided into equal slices' is false as due to efficiency there is a difference in economies.
In today's economy, efficiency does not always mean that our economic pie is divided into equal slices. Instead, efficiency often leads to an unequal distribution of resources, where one group of people or businesses may benefit more than another.
This means that even though the overall productivity of the system may be higher, the rewards are not equally shared.
This can create a system in which some individuals or businesses have an advantage over others, leading to uneven economic growth. As such, efficiency does not always mean that the economic pie is divided into equal slices.
To learn more about economic, click here:
https://brainly.com/question/14787713
#SPJ4