Assume Canada is a large importer of raw materials from Otherland. Which of the following would likely result from a recession in Canada? A) An increase in Otherland's GDP B) A fall in Otherland's GDP C) An increase in Otherland's unemployment D) A fall in Otherland's unemployment E) Any of the above Doth (D) nd (C) ephy
Q: Q2. Given the following data in 2020, calculate the country's GDP in that year. Show steps of your c...
A: Investment= Purchases of capital equipment+ Purchases of structures+ Inventory accumulation Investme...
Q: The fraction of z-scores that fall within z = ±1.60 is ________. a 0.8904 b 0.8729 c...
A: The answer is a. 0.8904. Fraction of values under -1.60 is .0548 Fraction of values under 1.60 is .9...
Q: Explain How the market demand curve for a 'normal' good will shift (i.e. left,right or no shift) in ...
A: In a market, When talking about a normal good, demand curve will shift leftward when there is a decr...
Q: 4. What is not an assumption of the Neoclassical view related to inflation? a. Full employment b. Co...
A: Neo classical models do not assume increasing returns to scale.
Q: Derive utility maximisation of a consumer using the tool of indifference curve analysis
A: An indifference curve is defined as a curve which shows various combinations of two goods that the c...
Q: P(-1.35
A: P(-1.35 < z < 1.35)
Q: Use the concepts of income effect and subsitution effect to explain why the effect on desired saving...
A: Introduction: The income impact in microeconomics is the change in demand for an item or service pro...
Q: Suppose the demand curve for a product is Q = 60/P. Compute the quantity demanded at prices of $1...
A: A demand curve is a graph in economics that depicts the relationship between the price of a commodit...
Q: Market for used cars: Demand: Q-154,000- 86P Supply: Q, --100 + 14P Refer to Equation 1. What would ...
A: Here we calculate the equilibrium price and quantity for car by using the given demand and supply , ...
Q: 5. It is a common practice in lending companies that the interest is deducted at the time money is b...
A: Given: The amount of loan is = P50,000 The principal amount he receives after 16% deduction is = P42...
Q: Transactions to reduce downside risk are known as: * a. calls. b. options. c. puts. d. hedges.
A: When the investor is having a bullish view that implies he assumes the market will fall then he is a...
Q: There are two restaurants next to each other. Restaurant 1 (R1) sells burritos and Restaurant 2 (R2)...
A: Demand function for R1 : q1 = 44 - 2p1 + p2 Inverse demand function : p1 = 22 - q1/2 + p2/2 Demand...
Q: t P 5,000,000. To raise the amount, the city decided to sell bonds to finance the said project. The ...
A: Given face value of bond = 5000000 Time = 20 years Coupon rate = 5 % = 250000 Current interest rate ...
Q: The upward slope of the short-run aggregate supply curve is based on the assumption that: 1) No...
A: When talking about aggregate demand and aggregate supply, the slope of thise curves depends upon var...
Q: The market for dog beds currently has a price ceiling at $30. Demand for dog beds is P = 79-0.012Q a...
A: Here we calculate the consumer surplus will they gain by using the given demand and supply , so calc...
Q: What is the nominal value of the interest compounded continuously for a period of 3 years if the val...
A:
Q: Mortgage pools that are generally broken up into tranches, repackaged, and marketed to investors as ...
A: A mortgage refers to the credit that is for buying or maintaining a home, land, or other piece of r...
Q: a.) what does unemployment mean economically and explain the types of Unemployment? b.) Explain Zer...
A: In economics, unemployment is one of the important concepts to study by the people as it affects the...
Q: 13.03 Homework • Answered If the average variable cost of producing 4 jeans at Jerry's factory is $6...
A: We know that, Total Cost(TC)= Total Fixed Cost(TFC)+Total Variable Cost(TVC),Average Variable Cost(A...
Q: Check My Work The Widespread Reach of Economies. Explain why the science of economics is roncerned w...
A: Studying economic events at the micro-level and macro-level answers different economic questions
Q: If you were the President, what measures or programs will you implement to help curb the inflation c...
A: The term inflation exhibits the situation where the general price level in the economy rises and the...
Q: 3. Which of the following is a reason for inflation from a Neoclassical/Monetarist point of view? a....
A: Answer is given below
Q: Dividends and pensions can provide liquidity to investors * True or False?
A: Dividends and pensions can provide liquidity to investors. - TRUE
Q: Which of the following equations is correct for an economy that does not have a government or a fore...
A: An economy that does not have the government sector or a foreign sector satisfies the following at e...
Q: in two years is P2,308. What is th inflation if the real rate of interest is 10%? 18. If the inflati...
A: DISCLAIMER “Since you have asked multiple question, we will solve the first question for you. If yo...
Q: Suppose that there are two types of workers: high and low. Employers cannot distinguish between diff...
A: Two wage rates are given:- $200,000 and $100,000 for high and low type worker Reservation wages are ...
Q: Suppose that a consumer cannot vary hours of work as he or she chooses. In particular, he or she mus...
A: Givendata suppose that a conscime canot very hours of work as he or she choose. En particulay, he op...
Q: globalization, what are the reasons considered for their necessity/importance? Also what are the fac...
A: A trading bloc is a type of intergovernmental agreement, often part of a regional intergovernmental ...
Q: Identify two benefits of CAFE standards. See additional directions below. Identify two costs of CAFE...
A: CAFE standard is corporate average fuel economy standard in US was implemented in the 1970s. It sets...
Q: Would you expect marginal utility to rise or fall with additional consumption of a good? Why?
A: Price at which the consumer is willing to pay and has the good that is willing to pay and goods like...
Q: 12. John has a daughter named Jonna, he invested P5000 at 7% account for her education she was born....
A: Given the interest rate = 7% Invested amount = P5000
Q: 2. In the presence of complementarities the economy may get stuck in a low-level equilibrium trap wh...
A: This is a situation when all the firms existing in the market fail to coordinate with one another. H...
Q: 7. U(x, y) = xy. a. What is the optimal bundle of x and y? Depict this graphically and budget line 4...
A: Given Utility function: U(x,y)=x0.5y0.5 ... (1) Budget equation:400=10x+20y ... (...
Q: The federal government decides to require that automobile manufacturers install new anti-pollution e...
A: The price elasticity of demand for a good is a measurement of how sensitive the quantity demanded is...
Q: Would you usually expect elasticity of demand or supply to be higher in the short run or in the long...
A: In economics, elasticity refers to the responsiveness of one economic variables with respect to the ...
Q: represents the market for coffee. Suppose S1 and D1 are the relevant supply au the market is in equi...
A: there is a positive relationship between the price and supply. A rise in price of good leads to rise...
Q: Discuss COVID-19 and its affect on our global economy.
A: COVID 19 impact on the global economy has been seen in the, unprecedent economic effects with the ch...
Q: Why is the demand curve facing a firm in an imperfectly competitive industry downward sloping? What ...
A: Any economic market that does not meet the rigorous assumptions of a hypothetical perfectly competit...
Q: Use the information in the table below. The economy of Libraryland can produce only books and magazi...
A: Here the opportunity cost is the amount of time spent on production of magazine vs the time spent on...
Q: Explain briefly why yield curve is viewed as a useful indicator of the stance of a country's moneta...
A: The yield curve, commonly known as the interest rate term structure, depicts the yield on bonds acro...
Q: The z-score interval that bounds a middle area of 0.75 is _____. a ± 1.08 b ± 1.10 c ± 1.13 d ± 1.15
A: We have to find value of Z score such that
Q: Which is wrong? EXPLAIN a. The government should tax itself. b. The government can tax itself. c. ...
A: In an economy, government is the highest ruling authority that runs the economy based on its ideolog...
Q: A company issued 50 bonds of P 1,000.00 face value each, redeemable at par at the ends of 15 years t...
A: Given: A company issued 50 bonds of = P1,000 face value each Redeemable at par at the end of = 15 ye...
Q: . A P 15,000 bond which will mature in 10 years and with a bond rate of 15% payable annually is to b...
A: GIVEN f = 1500 c=1500 N = 10 8 = 15% or 0.15 P = 1390
Q: Suppose the Australia Bureau of Statistics indicated that the Consumer Price Index (CPI) increased t...
A: A consumer price index is a price index that measures the cost of a weighted average market basket o...
Q: What are five areas of core content that should be included in an international business plan?
A: To make an international business plan is a tough deal as one have to study many aspects. The differ...
Q: 1.22. Consider the following investment, in an inflation-free economy. Gamma High-Tech Company is co...
A: Introduction Cash flow shows the inflows and outflow of a project during a particular period. Here, ...
Q: Refer to the graph above. Suppose that the government imposes a price floor at $15. As a result, the...
A:
Q: Compare and contrast private and public goods. Explain how the characteristics of a public good lend...
A: Answer to the question is as follows:
Q: Suppose we have a production function f(L, K) = L}K} 4а. Find the marginal product of labor. Explain...
A: Note:- Since we can only answer up to three subparts, we'll answer first three. Please repost the qu...
Step by step
Solved in 2 steps
- Suppose the production function is Y = AK0.3N0.7. Suppose in 2010, K = 1000, N = 100, and Y = 199.5. In 2020, capital, labor, and output have doubled, so K = 2000, N = 200, and Y = 399. (a.) By what percentage did productivity grow from 2010 to 2020? (b.) If output had risen to 798 instead of 399, and capital and labor doubled, by what percentage would productivity have grown from 2010 to 2020?Due to COVID-19 situations the oil prices fall in international market. Let’s assume that output starts at its natural level. a)What happens to the Pakistan’s economy (output and price) in the short run? Explain your answer using AS-AD graphs b)What happens to Pakistan’s economy (output and price) in the long run? Explain with using graphsAnswer 2 Q2. Suppose the economy's production function is Y = AK^O.3N^O.7. If K=2000, N = 100, and A = 1, then Y=246. If K and N both rise by 20%, and A is unchanged, by how much does Y increase?
- Due to COVID-19 situations the oil prices fall in international market. Let’s assume that output starts at its natural level. a. What happens to the Pakistan’s economy (output and price) in the short run? Explain your answer using AS-AD graphs. b. What happens to Pakistan’s economy (output and price) in the long run? Explain your answers using graphs.Question 27Refer to Figure 1. Suppose the per-worker production function in the figure above represents the production function for the U.S. economy. If the United States decided to double its support of university research, this would cause a movement fromn.14.Assuming Portugal has 180 man-hours (mhrs) of labor resource available for production, and labor is the only resource, the per unit resource cost of wine in Portugal is ____ mhrs/bottle. (Please do NOT reduce fractions to decimals.)
- Assume that a business firm finds that its profit is greatest when it produces $40 worth of product A. Suppose also that each of the three techniques shown in the following table will produce the desired output. a. With the resource prices shown, which technique will the firm choose? Why? Will production using that technique entail profit or loss? What will be the amount of that profit or loss? Will the industry expand or contract? When will that expansion or contraction end? b. Assume now that a new technique, technique 4, is developed. It combines 2 units of labor, 2 of land, 6 of capital, and 3 of entrepreneurial ability. In view of the resource prices in the table, will the firm adopt the new technique? Explain your answer. c. Suppose that an increase in the labor supply causes the price of labor to fall to $1.50 per unit, all other resource prices remaining unchanged. Which technique will the producer now choose? Explain. d. “The market system causes the economy to conserve most…The price of crude oil during the period 2000-2010 can be approximated by P(t) = 6t + 18 dollars per barrel (0 ≤ t ≤ 10) in year t, where t = 0 represents 2000. Saudi Arabia's crude oil production over the same period can be approximated by Q(t) = −0.036t2 + 0.62t + 8 million barrels per day (0 ≤ t ≤ 10). † Use these models to estimate Saudi Arabia's daily oil revenue and also its rate of change in 2008. (Round your answers to the nearest $1 million.) daily oil revenue $ million rate of change in 2008 $ million/yrDue to COVID-19 situations the oil prices fall in international market. Let’s assume that output starts at its natural level. What happens to the Pakistan’s economy (output and price) in the short run? Explain your answer using AS-AD graphs. What happens to Pakistan’s economy (output and price) in the long run? Explain your answers using graphs.
- No plagrisum and correct answer please. Please do all four parts..Thank You advance Consider two commodities viz. smartphones and travel bags and two countries viz. Bangladesh and South Korea. Suppose the production of both the commodities is fully mechanized using electricity as an input in both the countries. The amount of electricity hours needed to produce one unit of each commodity is a follows: Hours per unit Smart Phones Travel Bags Bangladesh 6 1 South Korea 1 3 The total units of electricity available in Bangladesh is 1000 units while that in South Korea is 2000 units. i. Calculate the opportunity cost of each commodity for each country and explain which country has comparative advantage in production of smartphones ii. If each country decides to distribute its electricity supply in production of each good in equal proportions, what will be the total supply of smartphones and travel bags? iii. If each country decides to allocate its electricity fully in the…A decrease in the price of foreign oil will affect the U.S. economy by O a. decreasing aggregate supply. O b. increasing aggregate demand. O c. increasing aggregate supply. O d. decreasing aggregate demandAssume that a business firm finds that its profit is greatest when it produces $40 worth of product A. Suppose also that each of the three techniques shown in the table below will produce the desired output:a. With the resource prices shown, which technique will the firm choose? Why? Will production using that technique entail profifit or loss? What will be the amount of that profifit or loss? Will the industry expand or contract? When will that expansion or contraction end?b. Assume now that a new technique, technique 4, is developed. It combines 2 units of labor, 2 of land, 6 of capital, and 3 of entrepreneurial ability. In view of the resource prices in the table, will the fifi rm adopt the new technique? Explain your answer.c. Suppose that an increase in the labor supply causes the price of labor to fall to $1.50 per unit, all other resource prices remaining unchanged. Which technique will the producer now choose? Explain.d. “The market system causes the economy to conserve most in…