A budget deficit is defined as: Select the correct answer and explain why its correct a shortfall of revenues compared to expenditures. a shortfall of expenditures compared to revenue. accumulated deficits minus accumulated surpluses. accumulated surpluses minus accumulated deficits.

Q: Inflation hurts: select correct and Explain why  everyone. those whose incomes don't change. those ...

A: Inflation hurts 1) Everyone: Inflation has an impact on almost everyone but it does not hurt everyon...

Q: What is SUPPLY CHAIN MANAGEMENT in simple words, and examples of it?

A: The supply chain is the system of supplying products and services to consumers.  

Q: The equilibrium quantity of solar panels bought and sold in the market has stayed the same, but the ...

A: Eqm price and quantity in the market is determined by the intersection of dd(demand) and ss(supply).

Q: Suppose that the price of basketball tickets at the college is determined by market forces. Currentl...

A: Dear student, you have asked multiple sub-part questions in a single post. In such a case, I will be...

Q: Consider a competitive, price-taking firm that employs only one variable input, labor, to produce a ...

A: a) Given the table, the maximum profit is when 8 units of labor are hired and 63 units of output are...

Q: Candy is a Year 4 full-time undergraduate student majoring in marketing at a private university in H...

A: Given; The constant average salary earned by the graduates of her programme= $14000 If she joins a c...

Q: 1.Diminishing Returns to Capital and Real Wages. Explain why this statement is wrong: “Since capital...

A: Hi! Thank you for the question. As per the honor code, We’ll answer the first question since the exa...

Q: • Please explain the difference between the short run and long run equilibrium under a per- fectly c...

A: Perfect competition is the market structure which is characterized by a large number of firms with n...

Q: The price of coffee rose sharply last month, while the quantity sold remained the same. Each of five...

A:

Q: Can a debtor be put in delay and consequently, incur liability even without demand from creditor? ex...

A: Debtor:- A debtor can be explained as a legal person that promises to repay any amount to another. A...

Q: Think of a situation where tier pricing was used very effectively. What was the mechanism used and w...

A: Tier Pricing method- This is a pricing method where by the producer resorts to differential pricing ...

Q: A Nash equilibrium occurs if all players in a game play their best strategies O a. given what their ...

A: Nash equilibrium is achieved at a point where no player can be made better off without making others...

Q: Consider a downstream monopolist producing a final good that requires two inputs in fixed proportion...

A: Monopoly is the situation in a market or industry where a single firm or seller takes control of the...

Q: Question 1: Assume there are two nations: Panama and Guatemala that produce two commodities: coconut...

A: Comparative Advantage - A country has a comparative advantage that good if opportunity cost of that ...

Q: The demand for air conditioners is P=3,500 - 100Q, The supply of air conditioners is P=2,500+40Q. Wh...

A: Market equilibrium Market equilibrium refers to a condition at which quantity demanded of a commodit...

Q: O pts.) a. Define price elasticity of demand. b. At a price of $7, the quantity demanded for ice cre...

A: Elasticity of demand is the percentage change in quantity demanded due to percentage change in price...

Q: Valair is an airline flying a particular route that has seasonal demand. The firm's total demand is ...

A: On the off chance that the carrier charges similar costs in each market, we get the benefit expansio...

Q: 46. Suppose the total cost of producing commodity X is Rs.125000. Out of this cost, implicit cost is...

A: To find : Explicit cost of commodity X. 

Q: > Suppose a firm's production function is: Q = LK2 Find points and draw isoquants for Q1 = 10, Q2 = ...

A: Q=L12K12Q1=10 L K 5 19.89 10 9.99 20  5.01 25 4 50 1.98                          

Q: Namia's output has been constant at Y every year. In year 0, it finds an investment project that wil...

A: Output = Y Output increases by 0.05Y each year from year 2. Interest rate = 4% = 0.04

Q: • Engr. Odon is paying a loan five thousand pesos 1% quarterly for 3 years. If the payment is to sta...

A: We have: loan payment = 5,000 pesos Time (n) = 3 years Interest rate = 1%   

Q: Ann decided to fund a hospital in perpetuity. The first payment is made today (t=0), which is $12,50...

A:

Q: Identify the effect of increase in tax rates on either demand or supply curve and the equilibruim in...

A: Taxes are the form of government revenue which are collected through the goods and services purchase...

Q: A production function is given by q=4L^( 2/a) k^ ('/^) where L = labour, k = capital. (a) Find behav...

A: Marginal product of an input factor is the change in the output with an additional input factor. The...

Q: B. The upper portion of the kinked demand curve is relatively

A: To find : What is upper portion of kinked demand curve more relatively  

Q: Refer to the information provided in Figure 13.7 below to answer the question(s) that follow. 16 15 ...

A: Firms can easily enter or exit a purely competitive market in the long run. In addition, pure compet...

Q: Consider the following payoff matrix. L C R U 6, 3 3, 4 7, 2 1 D 3, 4 | 6, 2 8, 1 What is the probab...

A:

Q: Exchange Rate Determination - Short v. Long Run The nominal money demand for the US is given by the ...

A: Given information Interest rate in US=5.263% Calculated value from part Vi) Demand for Bond Q=100-5P...

Q: By how many times, respectively, did benefits, environmental costs, and social and economic costs in...

A: Benefits grew 2.4 times, environmental costs climbed 5.1 times, and social and economic costs increa...

Q: Suppose there are 95 workers in the economy, with overall labour supply LS=95. The labour demand in ...

A: Given; Labor supply; Ls=95Labor demand in sector A; LDA=118.1-1.7wALabor demand in sector B; LDB=95-...

Q: BDO pays 8% simple interest on its savings account balances. BPI pays 7% interest compounded annuall...

A: Simple interest & compound interest The simple interest is charged on the principal amount taken...

Q: The description of the event of fresh milk in a company: Supply, Demand, and Government Policies -...

A: The law which controls the way in which a business could tend to operate or a combination of all law...

Q: Question 20 Suppose consumers buy 70 million packs of cigarettes per month at a price of $5 per pack...

A: The price elasticity of demand measures how a change in the price of a product affects the demand fo...

Q: 7. Explain the tools of Monetary Policy. With a table and example?

A: Monetary policy is a set of tools that a country's central bank can use to encourage long-term econo...

Q: Income Tax Game You are given the folloving gane in which the row player is the auditor and the colu...

A: "As per the guidelines answer is given to the first three sub-parts of this question." 1) According ...

Q: ABS mall is considering building a new parking lot. The land will cost $25,000 and the construction ...

A: We have: The land will cost = $25,000 The construction cost of the lot =$150,000 The income from the...

Q: Consider the MPL is currently given by MPL=30/L. The supply of labor in the country is L=10. Consid...

A: (1) Labor demand equation: MPL = w Where 'w' is real wage => (30/L) = w => L = (30 / w) ------...

Q: Country C had made foreign investment in countries A and B. Country C had not received any investmen...

A: Measuring the national income is the macroeconomic term. GDP (Gross Domestic Product) is the monetar...

Q: A pharmacy is planning to purchase a second-hand scanning microscope at a cost of BD10,500, and its ...

A: Depreciation is the reduction of the value of fixed assets .  Under this method depreciation decline...

Q: An increase in government spending in a simple open economy leads to Fall in both budget and current...

A: Correct option is the last option i.e. "An increase in both the budget and current account deficit."

Q: Using the 3-equation model and provide a detailed period by period description of the adjustment pro...

A: The total quantity of demand for all completed products and services produced in a given economy is ...

Q: What deposit made at the beginning of each month will accumulate to P120,000 at 8% compounded semi-a...

A: Given: Amount accumulated=P 120000 Interest rate compounded semi annually=8% Number of years=10

Q: 1. Research into how this stories illustrates the impact of foreign influence on Veitnam. A. Post-C...

A: 1. Investigate how these stories depict the impact of foreign influence in Vietnam is

Q: Inflation Targeting Federal Open Market Committee Sterilized vs. Unsterilized Foreign Currency Int...

A:  Inflation occurs when, in the economy, the prices of goods and services shows a sudden increase.

Q: Money borrowed today is to be paid in 6 equal payments at the end of 6 quarters. If the interest is ...

A: Given that: i = 0.124 = 0.03n = 6A = 200000to find: P = ? P = A1+in-11+ini

Q: Consider any market that has an inverted demand curve given by P = 200-0.6Qd, where P is the market ...

A:

Q: 3. The second glass of lemonade gives lesser satisfaction to a thirsty biy, this is a clear case of ...

A: To find : Above case is example of which case. 

Q: 1. For each of the following statements, determine if it is positive or normative. (a) Seattle is th...

A: The given microeconomics of macroeconomic statements are either positive or normative.

Q: Suppose Alice decides to put some money in a new account that compounds twice per year. At the begin...

A: Compounding Compounding is the act of reinvesting an asset's profits, whether they be from capital g...

Q: Question 19

A: a) In order to determine the equilibrium quantity, we need to determine the market demand and market...