In 2011, a major earthquake and tsunami in Japan destroyed significant physical capital, including roads, homes, factories, and bridges. Using your knowledge of the Solow model of economic growth, what would be the effect on the aggregate production function of such a destruction of physical capital in Japan?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “In 2011, a major earthquake and tsunami in Japan destroyed significant physical capital, including roads, homes, factories, and bridges. ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Which pitfall to sound economic reasoning is illustrated when a person comments that "capitalists focus only on profits and don't care about their workers"? A. Abstraction B. Biases C. The fallacy of composition D.
Answers (2)
Why an employee must demonstrate respect on the job
Answers (1)
The automobile industry in both Brazil and Mexico is thriving. If you were a government official from an African country (such as Morocco, Nigeria, or South Africa) who has visited both countries and has been very impressed, which approach would you
Answers (1)
Rodriguez Corporation issues 12,000 shares of its common stock for $210,500 cash on February 20. Prepare journal entries to record this event under each of the following separate situations. a. The stock has a $14 par value. b.
Answers (1)
When the revenue is more than the costs for a business, it is making a profit. True False
Answers (1)
New Questions in Business
Kane Company's employees earn vacation time at the rate of 1 hour per 40-hour work period. The vacation pay vests immediately (that is, an employee is entitled to the pay even if employment terminates).
Answers (1)
Digg Co. installs a manufacturing machine in its factory at the beginning of the year at a cost of $36,000. The machine's useful life is estimated at 10 years, or 300,000 units of product, with a $6,000 salvage value.
Answers (1)
Which of the following actions will likely cause a project to fail? A) dedicating valuable team member time to identify risk events B) spending project funding to procure needed tools and spare parts C) unclear or conflicting stakeholder
Answers (1)
Mcgregor company allows customers to pay with credit cards. the credit card company charges mcgregor 2% of the sale. when a customer uses a credit card to pay mcgregor $300 for services provided, mcgregor would:
Answers (1)
Net worth is the difference between a firm's assets and its liabilities. a. True b. False
Answers (1)