2) What is the difference between the long-run aggregate supply and the short-run aggregate supply curves? Draw graph.

Q: Describe the outlook of the world’s economy after the COVID-19 pandemic.

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A: "Since you have asked a question with multiple sub-parts, we will solve the first three sub-parts fo...

Q: 4. Basil and celery leaves are substitutes in making noodle soups. A rare drought destroyed a good p...

A: Answer is given below

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A: Labor union: - it is an organized association of workers which workes for the welfare of workers. It...

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A: Introduction Data for a new public library has given. According to the given data, we have to make a...

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A: A demand function is a simple equation that describes the demand for a product or service as a funct...

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A: Fixed costs incorporate quite a few costs, including rental rent installments, compensations, protec...

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A: Import and Export: When a company sells its commodities in a country other than its domestic country...

Q: The vertical distance between points A and B represents a tax in the n 1Price 12 11+ 10 Supply 9 8+ ...

A: The total surplus is sum of consumer surplus and producer surplus.

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A: Bilateral trade: Two-sided exchange is the trading of products between two countries advancing excha...

Q: 4. Consider a world that consists of two countries, Australia and New Zealand. Both countries produc...

A: The Hecksher-Ohlin (HO) theory takes into account two countries, two commodities, and two factors (l...

Q: The bank chargers a normal interest rate of 16.5%per annum, at a compounded at the end of every seco...

A: Given: Nominal Interest rate=16.5% Compounding done=at end of every 2nd month

Q: 20 18 S 16 14 12 10 8 Page 1 D 6 4 2 0 1 2 3 4 5 6 7 8 9 10 11 12 Quantity Suppose that supply and d...

A: $6 per unit tax imposed on the buyers means that the buyers will pay $6 more than what the sellers w...

Q: PENSION FINANCE AND FUND MANAGEMENT -Pension administrator

A: The pension scheme administrator is appointed under the Finance act 2004. And appointed under the sc...

Q: A country has just one resource - labor - that it can use to produce two goods, books and clothing. ...

A: Answer-

Q: A firm's marginal cost can always be thought of as the change in total cost if O the firm moves to t...

A: The marginal cost definition is the cost of producing a service or product unit that is not intended...

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A: Investors put their money into a project for three reasons: to make a profit, to reduce their tax li...

Q: Jed opened a savings account and deposited P900.00 as principal. The account earns 15% interest, com...

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A: Profits are calculated by both the economists and the accountants. The general formula for profit is...

Q: Under David Ricardo's theory of comparative advantage, assume you have the following hypothetical ma...

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A: Answer-

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A: Deadweight loss, also known as excess burden, is a measure of lost economic efficiency when the soci...

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A: Marginal revenue is a central concept in microeconomics that describes the additional total revenue ...

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Q: # of Pickers Total # of Strawberries Picked 1 180 380 3. 580 780 5 940 6. 1080 7 1180 1160 9. 1080 R...

A: Answer: The marginal product of labor: marginal product of labor refers to the additional quantity p...

Q: What is keenness to save in economics?

A: There are two points that can be taken into consideration first is consumption and another one is sa...

Q: Which of the following is most likely to have a low price elasticity of demand? A good that is very ...

A: Answer: The demand for goods that are expansive, luxurious, and goods having many substitutes will b...

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A: In this question we have to find out the relative phase shift with the help of the above information...

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A: Macroeconomics is a discipline of economics that investigates how an entire economy, the market, or ...

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A: In long run , economy reaches full employment level where LRAS = AD  But economy is in under full em...

Q: What is Ann's expected payoff of playing D?

A: Expected payoff can be calculated using the probabilities and the payoffs

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A: In this question we have to find out the amount deposits in a bank of the above information. 

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A: Economists are the people who study the concepts of economics in-depth and prepare a more detailed s...

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A: No, Because there is no potential or risk of an individual vote deciding the city, state, or nationa...

Q: The following table contains data for country A for the year 2019. Household purchases of durable go...

A: Answer: Net exports: net exports refer to the difference between the exports of a country and the im...

Q: 1. Solving the Heckscher-Ohlin Model – Trade Between Two Countries. Your answer to this question sho...

A: Introduction In Heckscher - Ohlin theory, we know that if the countries has homothetic preferences a...

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A: GIVEN According to the principle of , consumers determine what is produced in the economy through th...

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A: According to the Cournot model of oligopoly, competitors produce a uniform product and compete for p...

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A: Price elasticity of demand: - Price elasticity of demand measures the responsiveness of change in de...

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A: Real GDP measures the market value of goods and services using constant prices whereas nominal GDP u...

Q: You want to buy an apartment at the price of 4 million Hong Kong dollars. You will do this with a mo...

A: Given, Amount- 4 million Rate of Interest- 8% Time- 30 years

Q: 20 18 16 14 12 10 8 D 4 2 0 1 2 3 4 5 6 7 8 9 10 11 12 Quantity Suppose that supply and demand at a ...

A: Answer: According to the above figure, a tax of $6 on the demand curve shifts the demand curve down...

Q: Which case ruled that the Bipartisan Campaign Reform Act spending limits were unconstitutional, by s...

A: ANSWER:      OPTION A(CITIZENS UNITED v.FEDERAL ELECTION COMMISSION ) Among the options citizens uni...