1. Why is European Union considered a prominent Economic union? What are its advantages and disadvantages as a union in Eurozone

Q: You are given the following information about an economy GDP at Market Prices 1,669.4 Imports 290.5...

A: Answer: Let us first calculate the net national income at factor cost (NNI at FC): GNP at MP=GDP at ...

Q: The following table shows the supply and demand schedules in a market. Price ($) Quantity Deman...

A: The following table depicts the current situation in the market. The additional supply of 25 units w...

Q: 17 Which of these is true about GDP and environment protection? a. An increase in GDP means an incr...

A: Which of these is true about GDP and environment protection.

Q: Suppose a country's nominal GDP is $120 billion. The money supply is $100 billion. What is the veloc...

A: GDP is the value of the basket of goods and services produced within the borders of a country at a g...

Q: 11- Earnings such as wages, interests and dividends by residents who are living in other countries ...

A: Domestic Product and Domestic Output is the output produced in the home country.  Price level is the...

Q: Choose the correct statement that explains labor force of a country.

A: As per the definition, labour force are the people who are actively looking for a job.

Q: What in the amount of the producer's expenditures in the market below, given Pa and Qe you define? 1...

A: From the 1st diagram it can be seen that Total quantity produced (Q) = 18 Marginal cost = 9  No fixe...

Q: dentify the term that describes the category of people, who are retired and not ready to work in an ...

A: Labor force = Employed + Unemployed Retired and people not ready to work are not part of labor force...

Q: Black markets are found in the regulated economies. They arise due to lack of freedom in the economy...

A: Black market is a market where certain goods and services are sold with government permission to the...

Q: 5.37 Consider the following two mutually exclusive investment projects: Project's Cash Flow n A B -$...

A: The measure that depicts the net inflows being subtracted by the net outflows is known as Net Presen...

Q: Blake eats two bags of generic potato chips each day. Blake's hourly wage increases from $7 to $15, ...

A: A flexible demand is one in which the adjustment of the amount demanded because of an adjustment of ...

Q: Compared with a perfectly competitive market, a monopolistically competitive firm's demand curve is ...

A: A Monopolistic competitive market has different pricing policy from a perfectly competitive market b...

Q: Which of these items will increase the level of national income? a. Higher depreciation b. Lower net...

A: National income includes production of final goods and services in the given year. Depreciation is t...

Q: The statement that correctly describes the capital goods is __________. a. Labor power used for prod...

A: Labor power is the labor input injected to produce goods and services. Goods and services that are c...

Q: Annual Percentage Change in U.S. Real GDP (Quarter-Annual) TOLL 10 0000 266 0 lo66 10 Annual Percent...

A: since you have asked a multipart question and according to our policy we will only solve first 3 par...

Q: $9000 is deposited into a savings account at the end of each year for 20 years. If the account pays=...

A: here we calculate how much value will the account have at the end of the 20 years period by followin...

Q: When the perfectly competitive firm produces the quantity of output at which marginal revenue equals...

A: A perfectly competitive firm maximizes profit by producing at the level where marginal revenue equal...

Q: At what rate of return will P becomes n times as great in n years ? Tabulate values from n = 2 to n ...

A: A rate of return (RoR) is the net increase or loss throughout a time span, communicated as a level o...

Q: Calculate average fixed cost if total fixed cost is $700 and output is 15 units

A: Given information is as follows:- Total fixed cost = $700 Output = 15 units  The formula for average...

Q: If the quantity of money is 250000 and the velocity of circulation of money is 5 and a total output ...

A: Fisher's Quantity Theory of money is defined by the equation: MV= PT where M is money supply, P is p...

Q: A person’s disposable income decreases, and his personal income remains unchanged. This is because o...

A: Disposable income of the consumer is that income which consumer have recieve after deduction taxes f...

Q: 5) Purpleland's Real GDP was 196 billion dollars in 2006 and 206 billion dollars in 2007. Purpleland...

A: here calculate the following points by using the given information which are as follow-  

Q: The cost of Next best alternative forgone is called

A: In economics, the cost are categories in two term, one is explicit cost and second is implicit cost

Q: The following table shows the number of cases of water each seller is willing to sell at the prices ...

A: Price per cases Alpine springs Brook Mountain Cascade Waters Dew Good Market supplied 0 0 0 0 0 0 ...

Q: In computing the equivalent present worth of each given cash flow series at period zero, which of th...

A: The equivalent present worth is a method to measure money today that is comparable in worth to an in...

Q: Earnings such as wages, interests and dividends by residents who are living in other countries are c...

A: In an economy, the income of residents are counted while calculating national income.

Q: For many years, the Justice Department has tried to break up large firms like IBM, Microsoft, and mo...

A: A monopoly occurs when a single product vendor dominates the market, and the entrance of new enterpr...

Q: If a monopolist attempts to raise its price by a small amount, the quantity that its customers will ...

A: A monopolist is the single firm in the market selling the good with no close substitutes. It has the...

Q: In the expenditure approach, the total expenditures of the following entities are calculated, except...

A: Answer in step 2.

Q: 9. Alice's utility function is U(x, y) =xy. Steve's utility function is U(x, y) = xy + 2r. Alice and...

A: Since you have provided multiple questions, we will solve the first one for you. If you want any spe...

Q: oes it make sense that wages would be sticky downwards but not upwards? Why or why not?

A: Wage is an installment typically finished by a business to a worker for administrations presented by...

Q: pls i only need the answer thank you

A: please find below the answer.

Q: Assume you deposit $100 of cash from your wallet in your checking account. Assume the banking reserv...

A: Money supply refers to the amount of money available in an economy at a particular point of time. Th...

Q: For a new product, the marketing department predicts that sales are expected to be 100,000 units in ...

A: We are going to find the Present value of Option A and Option  B to answer this question correctly.

Q: he management of a certain company would like to use the following data to learn about its customer ...

A: Since you have posted a question with multiple sub-parts, we will solve the first three subparts for...

Q: In a market without taxes, consumer surplus is $100, and producer surplus is $200. After the governm...

A: In a market, when government intervenes, any gain or loss of the government will also be included in...

Q: An economic recession means that _______. a. GDP is critically high b. Output and employment is down...

A: An Economic Recession is defined as where there is a decline in the performance of a country and whi...

Q: 2 4 - 3 0 - 3 3 If A = -2 2 - 2 B = - 2 5 - 4 and AB = C =

A: Given that , A and B are two matrix and AB=C =[Cij].

Q: Calculate the value of equilibrium price and equilibrium quantity of the commodity Y. When,the deman...

A: Demand: Demand for a commodity can be defined as the desire and willingness of a consumer to acquire...

Q: a. Calculate the missing TR and MR amounts for Group 1. Instructions: Enter your answers rounded to ...

A:

Q: Negative Externalities cont. First Unit of Pollution Second Unit of Pollution Third Unit of Pollutio...

A: Answer -

Q: Tabular presentation of GDP growth and Unemployment of UK and Jamaica:-   Unemployment Rate(%) Gr...

A: The unemployment and the economic growth would result in the opposite relation. The unemployment wou...

Q: 4. Effects of a tariff on international trade The following graph shows the domestic supply of and d...

A: At Pw = 520, quantity demanded = 400 and quantity supplied = 100 Imports = 400-100= 300

Q: How would a person buying shares of common stock and paying a commission affect are countries GDP in...

A: Gross domestic product of a country is the market value of all final commodities and services that a...

Q: More competitors will increase the market supply, thus O causing demand to increase. O resulting in ...

A: The market supply is the total amount of an item that producers are willing and able to sell at vari...

Q: 1. Plot graph  2. Identify the relationship between economic growth and unemployment if any (positi...

A: 1. The graph for the given data is plotted as follows:

Q: Explain the concept of buffer stock as a tool of price floor in economy!!!

A: According to the given question In simple words we can say that the government always ensure price f...

Q: 12- Which of the following is related to the use of economics? a. how people use unlimited resource...

A: We have to find which is related to the use of economics.

Q: Suppose

A: Answer

Q: The marginal revenue from the 10th unit is given by the following function:- 2Q2 - 36  Find the ma...

A: We are given with the marginal revenue function :- 2Q2 - 36 And the quantity is given as 10