Describe Learning-Curve Problem?

Q: Explain the vicious circle of poverty that afflicts low-income nations.

A: As per the vicious circle in under developed nation’s stages of earnings/income remains less which r...

Q: what factor determine movement along demand curve for labour and increase or decrease in it? why the...

A: Labor demand refers to the number of labor hours demanded by employers in a market at a certain wage...

Q: 1. market niche and focused strategies are the same thing.true or false? Explain it early and correc...

A: Niche market is a part of a larger market segment which is identified by its unique offering about t...

Q: Explain: “U.S. exports earn supplies of foreign currencies that Americans can use to finance imports...

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

Q: A country is always worse off when its currency isweak (falls in value).” Is this statement true, fa...

A: This statement is false. A weak currency has a negative effect on purchase of goods and services fro...

Q: How would you expect antitrust authorities to react to: a. A proposed merger of Ford and General Mot...

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

Q: how does college education increase ones human capitatail

A: Human capital is the stock of skills, knowledge, and social attributes that can influence a person's...

Q: Assume a DVC and an IAC currently have real per capita outputs of $500 and $5,000, respectively. If ...

A: IAC or Industrially advanced countries are those countries that have a high level of per capita inco...

Q: The demand curve is given by the following equation: P = 16 - 2Qd. And the supply curve is given by ...

A: ANS Given, The demand curve : P = 16 – 2Qd The supply curve : P = 4 + 4Qs If P* and Q* are equilibri...

Q: If a Japanese car costs 1,500,000 yen, a similarAmerican car costs $30,000, and a dollar can buy100 ...

A: The rate of exchange refers to the value of a domestic currency expressed in terms of foreign curren...

Q: The nation of Upstandia uses kroner for money and its tax code is such that a person making 100,000 ...

A: There three main tax systems in an economy – Proportional Tax, Progressive Tax and Regressive Tax. I...

Q: A local county is considering purchasing somedump trucks for the trash pickups. Each truck will cost...

A: Time period is denoted by n, and interest rate is denoted by i, annual fee (AF) can be calculated as...

Q: Consider the following utility function U (X,Y) = X÷Yi. What is the name for a utility function of t...

A: The form of a given utility function is cobb-Douglas. This is because the powers of both goods (X, Y...

Q: All MegaCorp employees who stay on the job for more than three years are rewarded with a 10 percent ...

A: Perfect information is considered a commodity and is important as it does not allow anyone to take a...

Q: If a switch occurs from deposits into currency, whathappens to the federal funds rate? Use the suppl...

A: The federal fund rate is the rate at which the depository institutions such as the commercial banks ...

Q: Price elasticity of supply in the short run and long term

A: Price elasticity of supply is the responsiveness change in the quantity supplied of a product when t...

Q: Use a circular flow diagram to show how the allocation of resources and the distribution of income a...

A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and s...

Q: Two goods have a cross-price elasticity of demand of 1.2: i) would you describe the nature of goods ...

A: The cross-price elasticity measures the variations in the demand (dd) for a good that occurs because...

Q: True or False. The MB = MC level of immigration is likely to be achieved if we simply let in every p...

A: False, the MB = MC level of immigration is not likely to be achieved if we simply let in every perso...

Q: If the president of a bank told you that the bank wasso well run that it has never had to call in lo...

A: No, buying stock from that bank would not be worth.

Q: dentify any two reasons that US dollars would be demanded in South Africa

A: International relation among the countries influences the economic, social, and political environmen...

Q: What role do fnancial markets like the stock market play in an economy?What is a “bubble,” and how c...

A: The financial market is a predominant channel for allocating capital/funds from the saver (household...

Q: Choose correct option and explain it correctly.  Note:-not copy paste anything from anywhere

A: Excise Tax: Excise taxes are internal taxes levied on selling specific goods and services, such as ...

Q: Draw a supply and demand curve for oil. The government says we can no longer import oil from oversea...

A: Demand refers to the amount of goods and services that the consumers need or want at the prevailing ...

Q: Suppose you have a team of two workers: one is a baker and one is a chef. Explain why the kitchen ca...

A: Adam Smith in 'The wealth of Nations' introduces division of labor which means that the way a good o...

Q: True or false: Under the “rule of reason” that was established by the Supreme Court in the U.S. Stee...

A: The 'rule of reason' is an analysis of whether the practice of firm help or hurt competition. Under ...

Q: D Q 6. Draw a supply and demand curve for cheeseburgers. Cattle farmers created a supplement to give...

A: When there is a change in the price factor it leads to movement along the demand or supply curve whi...

Q: Compare ‘cost-push’ inflation from ‘demand-pull’ inflation by discussing their major sources. Aggreg...

A: Cost-push inflation occurs when the level of price increases because of a rise in the production cos...

Q: Some part of income inequality is likely to be the result of discrimination. But other factors respo...

A: Discrimination does result in income inequality but there are other factors also which results in in...

Q: pharaphase the given decision making process The most complex type of buying behavior, extended deci...

A: Decision making refers to a cognitive process in which an individual chooses a course of action, ite...

Q: Use the accompanying tables for Neon and Zeon to answer the questions that follow. Assume that the w...

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

Q: A company produces a special new type of TV. The company has fixed costs of ​$468,000​, and it costs...

A: Given, Total fixed cost for producing TV (TFC) = $468,000 Variable cost per TV = $1400 Suppose the p...

Q: Assume you like to drive but dislike pollution (who says economists lackunderstanding of reality!).(...

A: The IC will be upward sloping because the consumer will have more of pollution (bad) if she/he gets ...

Q: What is a flexible exchange rate and how does it work?   What is a crawling peg and how does it wo...

A: The flexible exchange rate refers to the exchange rate of a country set in the international market ...

Q: In 2012, an estimated 7.8 million Mexican-born immigrants were employed in the United States. a. If ...

A: 7.8 million Mexican-born immigrants were employed in the United States in 2012.

Q: Consider the following production function                                                     TPL =...

A: Hi Student, Thanks for posting the question. As per the guideline, we are providing answer for the f...

Q: Collusive agreements can be established and maintained by: a. Credible threats. . b. One-time games....

A: Oligopoly is a market form which includes a few sellers and these sellers may form cartels and collu...