Q: A necessity is defined as a good having
A: To find : What is definition of necessity.
Q: Can I also have answers D and E? Thank you!!!
A: The loanable funds market describes the process of borrowing. Savings provide the source of loanable…
Q: Why can't safe drivers get lower rates by telling insurance companies that they are less likely to…
A: There is asymetric information between drivers and insurance companies because one party to a…
Q: I need help in solving this question because I'm not sure it's right?
A: The United State federal government passed the American Recovery and Reinvestment Act in 2009 was to…
Q: True or False: Money must be issued by a government for people to accept it.
A: ANS Money can be anything that is used as a common medium of exchange irrespective of it is issued…
Q: Troy wins a prize of a McDonald's Restaurant $10 gift certificate. He can trade the prize in for a…
A: Opportunity cost is the cost that a person sacrifices when they choose one option over another. This…
Q: What is Reasonable Doubt?
A: Uncertainty/Doubt of ordinary convictions or a structure of thought can likewise open up new bits of…
Q: The opportunity cost of an action is a) the money that you pay take it b)the Value of the best…
A: ‘Opportunity cost’ is what one must give up to get something. Simply speaking ‘Opportunity cost’ is…
Q: Magical Realism uses the supernatural as а. An alternative world to escape to from the boring…
A: Magical realism is a branch of literature that portrays the magical or supernatural world in such a…
Q: Ceteris Paribus means
A: To find : What is ceteris paribus
Q: What causes market imperfections? Give 2 examples.
A: The following problem has been solved as follows:
Q: It's one question!!
A: Required reserves are the minimum amount of reserves that must be held by a commercial bank to meet…
Q: Use economics to explain why people smoke even though they know smoking is not good to their health?
A: Utility is a term referring to the overall satisfaction obtained from consuming a good or service.
Q: What things do you consider when choosing whether to use communication or observation in your…
A: Communication - communication is the process of transferring information, ideas, and data from one…
Q: "Wants are not limitless. This can be proven. I get all the breakfast I want every morning." Explain
A: It is possible that you get all the break fast you need on a specific morning, however, will that…
Q: Question 40 0 C E 4) A 1) a movement from point B to E 2) a movement from point C to A 3) a shift…
A: We know that The change in both components, the price and quantity demanded, from one point to the…
Q: What concept uses observable qualities in order to fill in missing informationwhen making a…
A: Where there is information missing in the market, that is only one party in the transaction has full…
Q: How do I solve
A: Marginal product (MP) is the additional product produced by employing an additional unit of an…
Q: Distinguish between possession, form, time, and placeutility
A: Meaning of Time and Place Utility: Place utility refers to when the manufacturer provides the…
Q: wer as soon as possib
A: Every factor of production gets rewarded equal to its Marginal product. Marginal product is the net…
Q: Discuss it objectively
A: Through the movement of air in the atmosphere, the flow of water in rivers, and the migration of…
Q: Give example of merit
A: Merit pay refers to performance-related pay which provides bonuses or base pay increases for…
Q: Write the method of Computing the Present Worth?
A: Present value/worth is defined as the current value of the amount of money that a person will…
Q: Explain in your own words what it means when an outcome is reliable?
A: Reliability is the another name of consistency.
Q: If opportunity cost of going to prison for a person falls,this person is less likely to commit a…
A: The opportunity cost of committing crime comprises of the net advantage of the lawful activity done…
Q: Explanation it correctly
A: The Federal Reserve is the central bank of the country. It is the bank that owns the control of the…
Q: John is a consumer of Ziploc bag he buys them to store things in his kitchen true or false
A: These bags are reusable because of resealable property.
Q: How can project effectiveness apply to consumers?
A: Project effectiveness is simply when the project is being done on time and with least cost. It is…
Q: "If you don't believe in the messenger, you won't believe the message" what implication does the…
A: The economics as a study is based upon the idea that the resources which are present with the…
Q: Identify the knowledge the public should possessabout CAT if they wish to be informed consumers.
A: In any economy, the element of information helps the public to make informed choices. In an…
Q: What sectors of life the loss aversion can be found in? Explain.
A: Loss aversion basically refers to a cognitive bias that explains why the agony of losing is twice as…
Q: When people make a choice it is something the basis is more benefit than cost more useful to you…
A: "Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: What is the Decision Rule?
A: The decision rule is used extensively in statistical research, particularly in hypothesis testing. A…
Q: Credibility means the quality or power of inspiring belief. O True O False
A: According to the Merriam-Webster's Dictionary, credibility is defined as "the quality or power of…
Q: behaviour as a relationship betweeen ends and means whic have alternative uses'?
A: Economics is the investigation of how social orders utilize restricted assets to fulfill their…
Q: What options does president have if he disagree with federal courts opinion?
A: Federal courts are courts of restricted jurisdiction, which means they can only hear cases approved…
Q: Supren Court change?
A: Ideological changes in the structure of the Supreme Court because of presidential appointment have…
Q: Question: What Is Present Value Analysis And How Is It Useful In Economic Decision Making?
A: Present Value - Present worth in Economics, is the current worth of a future amount of cash. It can…
Q: Does a nudge force people to make a better choice?
A: Th nudge theory is based on the behavioral science application in economics based on which the…
Q: how "framing effect" in economy from behaviorual economy affects managers decision making for…
A: Business requires production. Production activities around the world have increased due to growing…
Q: Explain traditional or behavioral economic beliefs
A: Traditional economy is a system in which economic decision are taken on the basis of custom,…
Q: True or False: If you make sound financial decisions, you'll be able to live within your means. True…
A: Sound financial decisions are very important for a healthy and risk free life. It includes, making…
Q: TRUE OR FALSE _______ 9) All methods of political activism are designed to raise attention from the…
A: Political activism is a kind of movement that intends at either changing the structure of politics…
Q: You are selling $30 souvenir books for a club fund-raiser. How could you use the technique of…
A: Lowballing is a strategy for increasing compliance. Here the person who makes a request, in turn,…
Q: How does moral hazard apply to seat belt laws and helmet laws?
A: Answer - Moral Hazard - It is the situation in which party gets involved in risky activities with…
Q: person. a) O TRUE b) FALSE
A: Foreign Exchange, or forex, is the change of one country's cash into another. In a free economy, a…
Step by step
Solved in 3 steps
- Consider an economy described by the following equations: Y = C + I + G C = 100 + 0.8 (Y - T); I = 300 – 30r; G = 125; T = 100 Where Y is GDP, C is consumption, I is investment, G is government purchases, T is taxes, and r is the interest rate. If the economy were at the full employment (that is, at its natural rate), GDP would be 2,200. What is the marginal propensity to consume? What is the marginal propensity to save? a. 0.8; 0.2 b. 0.75; 0.25 c. None of the other answers is correct. d. 0.75; 0.5Explain why the marginal propensity to save and the marginal propensity to consume sum to 1.The marginal propensity to consume is is .3 find the marginal propensity to save.
- True or False (Why?): An increase in the money supply tends to decrease expenditures on consumption and on investment, ceteris paribus.1. According to Keynes, what is the most important determinant of (or influence on) the level of Consumer Spending households undertake in a time period? 2. Use the following Consumption function data to answer the questions below: Real Disposable Income Consumption Saving MPC MPS $100 $150 $200 $200 $300 $250 $400 $300 $500 $350 A. What is Saving if Real Disposable Income = $400. What is Saving if Yd = 500? B. What is the marginal propensity to consume (MPC)? C. What is the marginal propensity to save (MPS)? D. What is the break-even income (level of income at which Saving = 0)? E. What is the mathematical relation between the MPC and the MPS? 3. Suppose most business executives expect a slowdown in the economy (slower sales…Which of the following would be most likely to increase consumption spending? Selected answer will be automatically saved. For keyboard navigation, press up/down arrow keys to select an answer. a A reduction in consumer credit card debt b A drop in stock prices c A higher interest rate d The expectation of lower future prices
- If the marginal propensity to save is 0.15 in an economy, a $15 billion rise in consumption spending will increase: A GDP by $20 billion. B saving by $25 billion. C GDP by $100 billion. D GDP by $18 billion.The value of marginal propensity to consume is 0.44 Calculate the value of Marginal propensity to save?If the marginal propensity to save increases, what happens to the consumption function?
- Consider an economy in which autonomous consumption, planned autonomous investment, autonomous government expenditure, autonomous taxes, and the marginal propensity to consume are given (there are no net exports). Autonomous consumer spending = $3,000 Ip = $5,000 G = $3,000 T = $4,000 MPC = .75 (a) What is the level of C when Y = $19,000? I need help to know how to calculate this.Why does a downshift of the consumption schedule typically involve an equal upshift of the saving schedule? What is the exception to this relationship?