1923. Hyperinflation was one of the major problems plaguing Germany’s Weimar republic during its last years of existence. Reaching a monthly inflation rate of approximately 29,500 percent in October 1923, and with an equivalent daily rate of 20.9 percent it took approximately 3.7 days for prices to double. Why wasRead More →
One study from 2007 finds that higher state corporate income taxes result in less foreign direct investment. Investment is an important driver of economic growth, so less investment, all else equal, means less growth. Another study from 2017 finds that an increase in state corporate taxes reduces future innovation. WhatRead More →
The basic problems of an economy can be solved either by the decisions of the Government or by the Market through interactions of buyers and sellers. Who answers the three economic questions in a mixed economy? Individuals own the factors of production and answer the three economic questions. The governmentRead More →
Underutilization means a situation of not utilizing machines or resources to the fullest capacity or the production capacity. Under-utilization of resources have an impact on profits of the company and hence are a matter of concern for the management. What is an example of underutilization? Underutilization is the state ofRead More →
Each point received by adolescents for desirable behaviors. … -Token is later paired with other reinforcers, becomes a conditioned reinforcer that strengthens the desirable behavior it follows. Backup Reinforcers. Only obtained by paying for them with tokens., tokens can only be obtained by exhibiting desirable behaviors … What is aRead More →
According to the Pew Research Center, 39 percent of adults younger than 30 support the view that people whose personal fortunes exceed $1 billion “is a bad thing,” while 16 percent say billionaires are good for society. … Among respondents 50 and older, just 15 percent say billionaires are aRead More →
Economic Outlook Rank Illinois is currently ranked 47th in the United States for its economic outlook. … Illinois is currently ranked 47th in the United States for its economic outlook. Is Illinois a poor state? Illinois – Poverty rate 2000-2019 In 2019, about 11.5 percent of Illinois’ population lived belowRead More →