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6 Jan 2018

What is the relationship between Automobile Industry and Economic Development? What is the linkage between Automobile Industry and Lobour? What is the advantage and disadvantage?

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6 Jan 2018
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Related questions

In year 2010 automobile industry produced 5 million cars which were driven for 200,00 miles on an average. Assuming the gasoline consumption is 30 miles per gallon estimate the energy consumption in terms of gallons. By the year 2020 with the technology development, production of hybrid cars has increased. Assuming same number of cars were produced by the automobile industry and driven for 200,000 miles with gasoline consumption of 40 miles per gallon estimate the increase in energy efficiency for the automobile industry.

Supoose when the price of hybrid automobiles rises, consumers buy fewer hybrid automobiles. This implies that:

A) there is a positive relationship between hybrid automobile prices and quantities purchased by consumers.

B) there is a negative relationship between hybrid automobile prices and quantities purchased by consumers.

C) there is a direct relationship between hybrid automobile prices and quantities purchased by consumers.

D) there is a one-to-one relationship between hybrid automobile prices and quantities purchased by consumers

Two indicators of economic development include Gross Domestic Product (GDP) and the Human Development Index (HDI). What is the difference between these two ways of measuring levels of economic development? Identify an advantage and disadvantage of each.

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