In 2018, Canada ranked seventh in the World Happiness Index. The top 10 happiest countries for that year were as follows:
1. Finland
2. Norway
3. Denmark
4. Iceland
5. Switzerland
6. Netherlands
7. Canada
8. New Zealand
9. Sweden
10. Australia
While the United States ranked 14th from 2014–2016, it dropped four places to the 18th spot in 2017, despite having a higher GDP per capita than most countries in the top 10. In 2018, it remained 18th. Since 2008–2010, the five countries that experienced the largest drop in ranking were Ukraine, Yemen, Syria, Malawi, and Venezuela, all of which are countries facing violence, war, and human rights issues. Measuring happiness is not an exact science, as factors other than GDP per capita are considered. Additional factors that could be considered when assessing a country’s overall well-being are the distribution of income in society, the health of citizens, life expectancy, the quality of education, housing and homelessness, pollution, and corruption and violence.
Is there a connection between happiness and economics? Perhaps, since many of the top 10 countries on the World Happiness Index also rank the highest for labour productivity, according to the OECD. So, the next time you encounter GDP per capita in a comparison of countries, remember to think like an economist and consider the limitations of this statistic and consider extra factors that can better measure happiness and well-being.
APPLYING ECONOMIC THINKING
1. Why is GDP per capita a limited statistic when measuring quality of life?
2. Use the Internet to access the latest World Happiness Report. Which countries experienced the greatest increase/decrease on the most recent happiness report? Why? What happened to Canada’s rank?
3. With reference to the World Happiness Index, create a collection of photos on what defines happiness using technology. What photos would you choose to represent what happiness means? Why did you select these images? Write a one-paragraph reflection justifying your photo selections and how they represent well-being. Be sure to properly source all images.
Answers
These images represent happiness because they all involve positive social interactions, physical activity, and enjoying nature.
1. GDP per capita is a limited statistic when measuring quality of life because it only takes into account the economic activity of a country and does not consider non-economic factors that also influence people's well-being. Some of these factors may include distribution of income in society, life expectancy, health of citizens, quality of education, housing and homelessness, pollution, and corruption and violence.
Therefore, GDP per capita alone cannot accurately measure the happiness and well-being of a population.2. The latest World Happiness Report was released in March 2021. According to the report, the countries that experienced the greatest increase in happiness from the previous report were Afghanistan, Zimbabwe, Rwanda, and Botswana.
On the other hand, the countries that experienced the greatest decrease in happiness were Venezuela, Maldives, Libya, and Lebanon. Canada's rank remained the same as in 2018, at 7th place.3. This part requires a personal response and cannot be answered. However, some examples of photos that could represent happiness and well-being could be: a group of friends laughing and enjoying a picnic in a park, a family having a meal together, a person practicing yoga on a beach, a couple hiking in a scenic location, etc.
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Related Questions
which of the following is not a cost classification? group of answer choices a.mixed. b.fixed. c.variable. d.multiple.
Answers
Multiple is not a cost classification among the following classifications. Option D is correct.
The process of classifying your costs so that they can be easily analyzed is called cost classification. Financial reporting, investor communications, forecasting, management reporting, GAAP accounting, and so on all make use of classifications.
The process of dividing the company's costs into various categories is known as cost classification. This gives the person making the decision a fair idea of the spending pattern.
Cost characterization is a significant driver in decision-production because of its capacity to distinguish productivity. Changes can be made to improve profitability or cut costs by accurately understanding how expenses are affecting a company.
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Discuss the role of the father in attachment theory
Answers
Explanation:
Both parents are considered attachment figures in attachment theory, and the child-father attachment is autonomous from the child-mother attachment. Whereas mothers are commonly involved in caregiving and providing emotional refuge, fathers are particularly involved in play and exploratory undertakings.
Leadership students will collaborate with each other to plan, decide, and execute events - how do you manage disagreements between yourself and others?
Answers
Think about the possible responses and your response to them. By defusing the issue, try to reduce your stress. Consider the advantages that the person could choose. You should modify what you say to fit their communication style.
What role does the leader have in negotiations and conflict resolution?Effective leaders know how to bring contentious situations into the open in order for all parties to begin working toward a settlement that will benefit everyone. They resolve conflicts in a way that makes it possible to develop enduring relationships.
Why is it important for leaders to resolve conflicts?This maintains commercial links while enabling parties to a dispute to learn more about one another. Good conflict resolution programs also help people get back to work since unresolved disagreements usually reduce focus and productivity at the office.
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Given the following profit function: TT=-2Q^2+260Q-4500, Answer the following questions. Find the marginal profit function: *O Mπ=-4Q+260 OMπ=-20+260 O Mπ=-20^2+260Q O Mπ=-2Q+260-4500/Q. Find Average profit function. O Aπ=-2Q+260-4500/Q O Aπ=-40+260 O Aπ=-20-3+2600^2-4500Q O Aπ=-40+260-4500
Answers
Answer: - The marginal profit function is Mπ = -4Q + 260.
- The average profit function is Aπ = -2Q + 260 - 4500/Q.
Given the profit function: TT = -2Q^2 + 260Q - 4500, we first need to find the marginal profit function and then the average profit function.
1. To find the marginal profit function, we need to take the first derivative of the total profit function with respect to Q. So,
d(TT)/dQ = d(-2Q^2 + 260Q - 4500)/dQ
Using the power rule, we get:
Mπ = -4Q + 260
2. To find the average profit function, we need to divide the total profit function by Q:
Aπ = (TT)/Q = (-2Q^2 + 260Q - 4500)/Q
Now, simplify the equation by dividing each term by Q:
Aπ = -2Q + 260 - 4500/Q
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Which of the following decisions is most likely to create a temporary diseconomy of
scale? (Select the best answer.)
A)Buying supplies in bulk
B)Buying an expensive piece of machinery
C)Hiring employees who specialize
D)Using division of labor
Answers
Answer:
Buying an expensive piece of machinery
Explanation:
In terms of their likely product life cycles, detox tea, unicorn-themed clothing, and beard oil are best categorized as being ________ products.
Answers
The given scenario is best categorized as:
Fad productsWhat is a Fad?This refers to a trending thing which is usually associated with a particular group of people where they make use of similar items.
With this in mind, we can see that when using product life cycles, and detox tea, unicorn-themed products are used, then this is most likely an example of fad products.
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The cost of implementing and maintaining an activity-based costing system ______ the benefits received. Multiple choice question.
Answers
The implementation and maintenance of an activity-based costing system may outweigh costs greater than the benefits obtained (option B)
What is the Activity Based Costing System?The ABC (Activity Based Costing) is a model that allows the allocation and distribution of the different indirect costs, according to the activities carried out, since these are the ones that actually generate costs.
This system arises from the need to solve the problem that standard costs normally present, when they do not faithfully reflect the added value chain in the production of a specific product or service, and therefore, it is not possible to adequately determine the price.
According to the above definition, it can be inferred that this costing system is not the most efficient because it can result in implementation and maintenance may outweigh costs over profits or benefits.
Note: This question is incomplete because the options are missing. Here are the options:
will always be higher thanmay outweighwill always be less thanLearn more about Activity Based Costing System in: https://brainly.com/question/24929506
Land developers sometimes get a ____________ that includes several properties as collateral. As they pay down the loan they can get various properties released.
Answers
Land developers sometimes get a blanket mortgage that includes several properties as collateral. As they pay down the loan they can get various properties released.
What is Blanket Mortgage?A blanket mortgage is a type of loan used to finance the purchase of more than one property or piece of real estate. This type of loan is typically used by developers and investors who are looking to purchase multiple properties at once.
As the developer pays down the loan, they can request that individual properties be released from the mortgage, allowing them to sell or refinance those properties separately.
Therefore, Land developers sometimes get a blanket mortgage that includes several properties as collateral.
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there is no right or wrong answer
Answers
do you like lauge arts it is supper fun in cool
Answers
Answer: It's really confusing. its just mid.
Explanation:
Your organization has been developing a new product for the last three years. The technical specifications of the product were leaked before the product's official release. As a result of the leak, your company's main competitor is changing the specifications of their own product, releasing it earlier than your product, and planning on acquiring the manufacturer your company uses to create vital digital circuits. News of the competitor's plans has caused the majority of investors to pull their funding from your company. Based on typical commercial data classification levels, which data classification level was breached
Answers
Based on commercial data classification levels, it is correct to say that the sensitive data level has been breached.
What is the data sensitive level?Corresponds to data breaches that would negatively impact a business, jeopardizing operations and market positioning, such as leaking financial and intellectual property data.
Therefore, information security must be a criterion to be achieved in organizations and all their processes to avoid consequences of a data leak.
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Which statement is true regarding open economies?
O Open economies have less of an opportunity to earn profit.
O Open economies only sell products domestically.
O Open economies are slow to grow.
O Open economies engage in international trade.
Answers
Answer:
Open economies engage in international trade
Explanation:
whereas, open economy means an economy where goods and services are traded with other countries without rules or limits.
Diseuss six (6) economic, social and environmental benefits (2
each) of Bus Rapid Transit
(BRT) as a sustainable transport system in Ghana,
Answers
Economic benefits of Bus Rapid Transit (BRT) in Ghana:
Cost savings: BRT systems are more cost-effective compared to constructing new roads or expanding existing infrastructure. BRT reduces the need for private vehicles, which lowers fuel consumption and maintenance costs for individuals and the government.
Social benefits of Bus Rapid Transit (BRT) in Ghana:
Enhanced accessibility: BRT systems provide a reliable and efficient mode of transport, making it easier for people to access education, healthcare, employment, and other essential services. This promotes social inclusion and reduces inequality.
Improved safety and comfort: BRT systems typically have dedicated lanes and modern vehicles with safety features. This enhances passenger safety and reduces accidents. Moreover, BRT stations often offer amenities such as seating, shelters, and real-time information, ensuring a comfortable travel experience.
Environmental benefits of Bus Rapid Transit (BRT) in Ghana:
Reduced air pollution: BRT decreases the number of private vehicles on the road, leading to lower emissions of pollutants such as carbon dioxide, nitrogen oxides, and particulate matter. This helps improve air quality, mitigating the adverse health effects associated with pollution.
Lower carbon footprint: BRT systems contribute to reducing greenhouse gas emissions, as they consume less fuel per passenger compared to private vehicles. By promoting sustainable modes of transport, BRT can support Ghana's efforts to mitigate climate change and meet its environmental commitments.
The first economic benefit of Bus Rapid Transit (BRT) in Ghana is cost savings. BRT systems are more cost-effective than building new roads or expanding existing infrastructure. Instead of investing in costly road construction, BRT utilizes existing road networks by implementing dedicated bus lanes and efficient station designs.
Another economic benefit of BRT is increased economic productivity. By improving transport efficiency and reducing traffic congestion, BRT ensures faster travel times for commuters. This enables workers to reach their destinations more quickly, reducing delays and increasing productivity.
Moving on to the social benefits, BRT systems enhance accessibility for the population. By providing a reliable and efficient mode of transport, BRT makes it easier for people to access essential services such as education, healthcare, and employment opportunities.
Furthermore, BRT systems offer improved safety and comfort for passengers. With dedicated bus lanes and modern vehicles equipped with safety features, BRT reduces the risk of accidents and enhances passenger safety. BRT stations often provide amenities like seating, shelters, and real-time information, ensuring a comfortable travel experience.
Regarding environmental benefits, BRT plays a significant role in reducing air pollution. By reducing the number of private vehicles on the road, BRT helps decrease emissions of pollutants such as carbon dioxide, nitrogen oxides, and particulate matter.
Additionally, BRT contributes to lower carbon emissions and a smaller carbon footprint. Compared to private vehicles, BRT consumes less fuel per passenger, resulting in reduced greenhouse gas emissions.
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outline 2 advantages to H&H of using secondary market research
Answers
Explanation:
It provides quick information and factual background perspectives
It is less expensive and affordable
How is partnership like a liability corporation?
A. Both are incorporated
B. Both have investors
C. Both are inexpensive to start
D. Both protect personal assets
Answers
Hope this helps! :)
2.which of the following statements best describes a keynesian approach to economics? a)aggregate demand is the most important driving force in the economy, but free-markets have no self-balancing mechanisms that lead to full-employment; therefore, government intervention is often necessary to stabilize an economy. b)politics determines economics, the nature of economics is conflictual, and the main actors are nation-states; therefore, the main goal of economic activity is the maximization of national interest. c)individual freedom to pursue interests/wealth in an open market free of government interference with the role of government to primarily protect property rights. d)resources flow from a periphery of poor and underdeveloped countries (global south) to a core of wealthy states (global north) enriching the latter at the expense of the former. poor countries are systemically locked into this unfavorable situation.
Answers
Option a is correct. The main economic driver is aggregate demand, but since free markets lack self-balancing mechanisms that lead to full employment, stabilising an economy frequently requires government intervention.
A macroeconomic theory known as Keynesian economics examines the total amount of spending in the economy and how it affects production, employment, and inflation. In an effort to comprehend the Great Depression, British economist John Maynard Keynes created it in the 1930s.
The fundamental tenet of Keynesian economics is that economic stabilisation may be achieved by government intervention. Keynes' theory was the first to clearly distinguish between the study of individual motivations and economic behaviour from those of broad aggregate variables and conceptions.
Keynes' theory led him to propose higher government spending and lower taxes as a way to boost demand and rescue the world economy from the Great Depression. Later, the term "Keynesian economics" was used to describe the idea that economic performance could be optimised and economic downturns might be avoided.
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Mia likes to write books during her free time. At present, three of her books have been published and sold around the world. The income received from selling her books is an example of
Answers
Answer:
passive
Explanation:
. Show how your answer would change if the cap rate dropped to 10 percent while the growth rate declined to 5 percent.
Answers
The cap rate dropped to 10 percent while the growth rate declined to 5 percent, it would indicate that the market is becoming less risky and more stable.
This means that the expected return on investment would be lower, but the investment would be less volatile. In terms of real estate, a lower cap rate means that the property value has increased while the income has stayed the same. This would be beneficial for property owners who are looking to sell their property as it would increase the property's value.
However, it would not be as beneficial for investors looking for high returns on investment. Overall, a decrease in both the cap rate and growth rate would lead to a more stable real estate market.
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Which qualifications are especially useful for Business Financial Management careers? Check all that apply.
advanced math skills
knowledge of finance laws
research skills
knowledge of insurance systems
critical thinking skills
customer-service skills
leadership skills
Answers
Answer:
advanced math skills
knowledge of finance laws
research skills
critical thinking skills
There are some qualifications to meet so as to become a business manager.
The qualifications that are especially useful for Business Financial Management careers are:
Advanced math skillsKnowledge of finance lawsResearch skillsCritical thinking skillsBusiness Financial Management, the Skills and Qualifications that are often required are:
Bachelor's degree in business, management, or related field.A minimum of 3 years experience as a business manager or relevant managerial role.A work experience with business and strategy development processes. etc.Some of the Career Options in Management are:
Marketing Manager. Sales Manager. Financial Manager. etc.There are a lot of opportunities to grow one's career as a very skilled specialist.
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if the fed conducts open-market sales, the money supply
Answers
When the Fed buys government bond from a bank, then, bank will acquires money which it can lend out, thus, leading to an increase to money supply.
The open market operations entails the purchase and sales of government bonds by the Federal Reserve (Fed).
When Fed purchases government securities on open market,, this increases the reserves of commercial banks, increases the price of government securities, reduces overall interest rates etc.Therefore, when the Fed buys the government bond from a bank, then, the bank will acquires money which it can lend out, thus, leading to an increase to money supply.
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Why does the law of diminishing returns not account for the U-shape of the long-run average-total-cost curve
Answers
The law of diminishing returns states that as more units of a variable input (such as labor) are added to a fixed input (such as capital), the marginal product of the variable input will eventually decrease. This concept primarily applies to the short run, where at least one factor of production is fixed.
On the other hand, the long-run average-total-cost curve displays the cost behavior when all factors of production are variable. It's U-shaped due to two main reasons: economies of scale and diseconomies of scale.
In the initial stages of production, economies of scale occur, leading to a decrease in average total cost as output increases. This is due to factors such as specialization, bulk purchasing, and technological advancements.
However, after a certain point, diseconomies of scale start to dominate, causing average total cost to rise as output increases. This can be attributed to factors like increased bureaucracy, communication difficulties, and management inefficiencies.
In summary, the law of diminishing returns doesn't account for the U-shape of the long-run average-total-cost curve because it is a short-run concept, while the U-shape results from the interplay between economies and diseconomies of scale in the long run when all factors of production are variable.
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(1). Five {5} advantages of manual office equipment
(2). Five {5} disadvantage of manual office equipment
Answers
Advantages of manual office equipment:
Low cost
No electricity needed
Durable and reliable
Simple to use and maintain
Portable
Disadvantages of manual office equipment:
Time-consuming and physically demanding
Limited capabilities compared to electric equipment
Inaccurate results
Dependent on operator's skill
Not suitable for heavy-duty tasks
Which statement best describes how insurance works?
A. Insurance lowers the individual effects of financial loss by spreading the risk to a larger group.
B. Insurance companies collect and hold a customer's premiums and pay claims from that money in the event that the customer has a loss.
C. Insurance companies borrow money from banks when they have to pay claims to policyholders.
D. Insurance companies change the coverage types offered on policies based on an individual's loss history.
Answers
Insurance companies collect and hold a customer's premiums and pay claims from that money in the event that the customer has a loss.
What is insurance?Insurance involves securing an item against accident or any damages.
An individual can insure properties such as Land, building or Life by paying certain amount of money which serves a premium.
Therefore, insurance companies collect and hold a customer's premiums and pay claims from that money in the event that the customer has a loss.
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Which of these producer activities did you participate in this week? Check all that apply.
U
I served people at a restaurant, hotel, coffee shop, or other business.
I worked in a bank, library, or retail store.
I created art to be sold in an art show
I made a product
I did yard work or other chores for pay.
Answers
Answer:
2nd and 4th
Explanation:
Answer:
2 and 4
Explanation:
Which of the following statements about supervising unlicensed assistants in Kentucky is correct?
A)An unlicensed office manager is permitted to supervise an unlicensed assistant.
B)The principal broker isn't permitted to supervise an unlicensed assistant.
C)The principal broker may assign supervision of an unlicensed assistant to another licensee.
D)The principal broker must supervise unlicensed assistants.
Answers
A principal broker may assign supervision of an unlicensed assistant to another licensee. The Correct option is C
What is an unlicensed assistant?An unlicensed assistant is a non-licensed employee who performs clerical, reception, bookkeeping, or marketing tasks for a licensed real estate agent or broker. They should not engage in activities that only a licensed agent can do, such as negotiating or writing contracts, providing real estate advice, or showing homes. The principal broker is responsible for the supervision of the actions of all licensees, including unlicensed assistants. The Correct option is C
If the principal broker is unavailable or does not have the required skills, they may delegate supervision of unlicensed assistants to another licensee within the brokerage. An unlicensed office manager can also be appointed by the principal broker to oversee unlicensed assistants. So, option A is not correct. The principal broker isn't allowed to supervise unlicensed assistants directly. Therefore, option B is not correct as well. Option D is also not accurate because the principal broker must supervise all licensees, but it doesn't mean they must supervise unlicensed assistants. The Correct option is C
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Which of the following is one of the factors of production?
a.money
b.shares of stock
c.business
d.natural resources
Answers
Answer:
the answer of that question is
LETTER, C. BUSINESS
Explanation:
please correct me if im wrong because im not very brainly but im so handsome
who has instagram? if u do say sum
Answers
Answer:
sum i do
Explanation:
Answer:
mines lilj.udah2
Explanation:
add me
**ECONOMY**
Taxation that allows higher-income people to pay less of their income on taxes than lower-income people is called:
A. regressive taxation
B. progressive taxation
C. proportional taxation
D. indirect taxation
Answers
Answer:a
Explanation:
In the sale of a business, if the requirements of the Uniform Commercial Code are not
followed, who would most likely suffer the greatest injury?
Buyer
Broker
Creditors
Lender
Answers
If the requirements of the Uniform Commercial Code are not followed, the party that is most probable to suffer the highest injury is the buyer
The UCC comprised of rules that applied for the following contracts:
Sale of goodsGoods leasingnegotiable instrumentsbanking transactionsletter of creditinvestment securitiestransactions that are securedIt is to be adopted in many states also at the same time it gives the remedies and rights to both the buyer & seller
So, the parties that do not suffer are:
BrokerCreditorLenderTherefore we can conclude that If the requirements of the Uniform Commercial Code are not followed, the party that is most probable to suffer the highest injury is the buyer
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Explain how test-marketing can increase profits.
Answers
Answer:
Test marketing holds a lot of importance for the company. It allows
the company to test their product in a small region so as to get an
idea whether the product will work in a bigger market or not.
Through this, the company can measure the performance of the
product and can decide whether it should be released nationwide
for sale. Through this, the company can estimate the earnings that
can be earned through this product beforehand.
Explanation: