1) Describe the Federal Reserve and its role

Q: Required information The following figure shows the costs for a perfectly competitive producer. AVC,…

A: Given price of the product = 10 $ Under perfect competitive market structure, the firm will produce…

Q: Literacy rate reflects the educational facilities and quality of education available in a country,…

A: Given regression equation:  Literacy rate =0.51490+0.0005*News-0.0003*TV+0.002*Radio A regression…

Q: Compared to digital goods, traditional goods have: lower inventory costs. O lower marginal costs per…

A: Digital goods are the new technology goods produced to satisfy the needs of the consumers. These…

Q: Each of the following are steps the federal government can take to meet its Social Security…

A: The largest portion of the government's federal budget is allocated to entitlements. Medicare,…

Q: If a monopolist is producing electricity, then the monopolist will produce a quantity that is _____…

A: A monopolist will produce where MR = MC  MR is the marginal revenue and will be defined as the…

Q: A businessman is considering building a 25-unit apartment in a place near a progressive commercial…

A: Given,  A 25-unit apartment buildingBecause of the location it is assumed to be occupied 90%Desired…

Q: Direction: Complete the table. Enumerate accordingly the 7 goals of Laudato Si' Enumerate…

A: Laudato Si' is the encyclical of the Pope francis. In this the pope criticizes about the…

Q: QUESTION 11 In a perfect competitive market, companies will make zero profits in the long run…

A: The correct answer is OPTION A  In a perfectly competitive market there are a large number of firms…

Q: In the following market model, P is price in time t, S and D are supply and demand functions. Assume…

A: Given information Supply function : S(Pt-1)=αPt-1Demand function: D(Pt)=1-bPt

Q: QUESTION 5 The price in an oligopoly market when companies compete is: O a Higher than in perfect…

A: Oligopoly market is a market form wherein there are a few firms only engaged in the production of…

Q: Direction: Write T if the statement is correct, and F if the statement is incorrect. 1. Globalism…

A: DISCLAIMER  “Since you have asked multiple questions, we will solve the first 3 questions for you.…

Q: Gulliver tells the citizens of Lilliput that in a perfectly competitive market the following…

A: The amount of items that consumers are willing to purchase at a specific price and for a specific…

Q: Each firm has four alternative strategies, and a certain profit/payoff is associated with each…

A: Given,  Two Players : Firm A and Firm BFirm A has four strategies : Increase Advertising, Decrease…

Q: Suppose that the first depositor deposits its money $1,200 into a bank and the required reserve…

A: Money multiplier is inversly related to the reserve requirements.  This is given as :-  Multiplier =…

Q: Many economists argue that rivalry in goods is not a real difference, but just a pricing problem.…

A: A rival good is something that only one user may acquire or consume. On the other hand, a product is…

Q: Explain whether or not each industry fits the definition of an oligopoly. What are the dominant…

A: Oligopoly markets will be markets overwhelmed by few providers/suppliers. They can be tracked down…

Q: How might possibilities for regulatory capture contribute to the large number of financial…

A: Regulatory capture is a situation in which the authorities, agencies, or officers who are appointed…

Q: do you believe that a government setting up tariffs and other restrictions to curb outsourcing is a…

A: Governments establish trade barriers to restrict free trade among economies. Trade barriers are…

Q: 2.5. An electric cooperative is considering the use of a concrete electric pole in the expansion of…

A:

Q: QUESTION 16 Jose's restaurant operates in a perfectly competitive market. At the point where…

A: In the perfectly competitive market, if a firm is producing at a level where MR equals MC, this…

Q: Briefly explain why the principle that the majority of voters should decide an election outcome may…

A: According to the concept of majority rule, the group with the most members has the authority to make…

Q: The following graph plots an aggregate demand curve.   Using the graph, shift the aggregate demand…

A: Absolute income hypothesis: This was proposed by Keynes which explains that how much a household…

Q: 9. Antitrust laws Cooperation among oligopolies runs counter to the public interest because it leads…

A: Governments has developed Antitrust laws to restrict unlawful practices among business enterprises…

Q: An economy has full-employment output of 6,000. Government purchases, G, are 1,000. Desired…

A: National saving can be thought of as the amount of remaining income that is not consumed, or spent…

Q: Which of the following is a reason for using independently pooled cross sections? O a. To increase…

A: Pooled data is a mixture of cross-sectional and time series data. For example, the collection of…

Q: Consider the market for cod, and then choose the correct statement. O A. Cod fishing is an example…

A: When a group of people in a community use a shared resource for their own gain, the resource for the…

Q: Which of the following causes the short-run aggregate supply curve to shift to the right? A. a…

A: A short run aggregate supply curve shift when there is change with respect to productivity factors,…

Q: What is technological diffusion? Describe the two models of technological diffusion. Which of these…

A: Technological Diffusion is defined as the process by which new technology and innovations are…

Q: Briefly explain the following terms with regards to Economical evaluation of environmental goods and…

A: Economical Evaluation of Environmental goods and services are referred to various techniques used to…

Q: An investor allocates $30,000 and $50,000 to two assets (A1 and A2). These assets generate 5% and…

A: Value of an asset after returns is given as: F = P(1+R)F : value of asset including returnsP : value…

Q: You have the Cobb-Douglas utility function u(x,y) = xy over apples (x) and plums (y) and you have…

A: To construct a set of feasible set of bundle we need to keep both the budget income and weight…

Q: New growth theory (i.e., endogenous growth theory developed by 2018 Nobel Prize Links to an external…

A: Introduction The endogenous growth theory contends that rather than external factors, internal ones…

Q: Based on the table and graph, explain how the country's rate of GPD growth has compared to its debt…

A: GDP is defined as the value of the final goods and services produced within the national boundaries…

Q: Which of the following statements is true about the Federal Reserve? OA. The District Banks regulate…

A: Main function of Federal reserve is Conducting monetary policy – The federal reserve aims to conduct…

Q: 1. Examples of the principle of diminishing marginal utility include all of the following EXCEPT: A.…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: How do equilibrium prices in markets characterized by oligopoly compare with those in monopolies and…

A: The market forms are the different types of market that are prevalent in all the economies of the…

Q: Consider the following project (MARR = 12%): Year 0 1 2 A -90,000 32,000 32,000 3 16,000 4 5 6…

A: To determine a project's profitability, capital budgeting techniques like the discounted payback…

Q: According to the national savings and investment identity, if the government of the country of Apex…

A: A budget is a document prepared by the government that includes a list of all the revenue streams…

Q: The first problem illustrates the "prisoner's dilemma." Which strategies will the two countries…

A: Prisoner's dilemma is an example of game theory under this  a paradox in decision analysis in which…

Q: 1. Explain fully the difference between Utilitarianism and Libertarianism. 2. Describe the the…

A: Utilitarianism and libertarianism are at odds with one another. According to utilitarianism, one…

Q: Which of the following is an example of fiat money? Group of answer choices A U.S. one-hundred…

A: Money is anything that is accepted as payment by people while buying and selling of product.  There…

Q: If your total profit is 8000 dirhams and your total revenue is 10000 dirhams. How much is your total…

A: Marginal cost is the cost of production incurred for each additional output generated. It can be…

Q: Refer to the following payoff table:

A: Dominant strategy is defined as the strategy of the player which remains the same irrespective of…

Q: The Federal Environmental Management Agency (FEMA) uses the Command and Control System of managing…

A: A command-and-control rule imposes strict limitations on pollution emissions and/or requires the…

Q: Which line represents better terms of trade? (Slide: Improvements in terms of trade) A. PPB B. CP1…

A: The terms of trade is an international concept that deals with the exports and the imports of a…

Q: . Free international trade stimulates economic growth by…

A: Since you have posted multiple questions, we will provide the solution only to the first question as…

Q: Consider the labor market for the cleaning products industry. Assume, decrease in the demand for…

A: Equilibrium in labor market is where labor demand curve intersects the labor supply curve.  Decrease…

Q: Suppose the money market for some hypothetical economy is given by the following graph, which plots…

A: Money market: As the central bank issues the fresh currency and hence, they determine the level of…

Q: Question 16.8. "Employers set wage rates equal to marginal value products," True or False? Explain.

A: Marginal revenue product refers to the marginal revenue earned by each additional factor. For labor,…

Q: What consumption differences might you expect to observe between families characterized as…

A: Socio-economic status plays an important role in what we can afford. Unprivileged individuals…