Q: Willingness to spend, which relates to a person’s _____, is likely to ____ if he or she is unsure…
A: Demand - it refers to the quantity of a good that a consumer is able and willing to purchase during…
Q: Manual tasks are now replaced by automation where technologies are used to produce and deliver goods…
A: Automation refers to the use of technology to do some manual activities. It is simply the…
Q: Wine Bread The diagram above depicts society's choices according to the resources available to…
A: Production Possibility Curve (PPC) represents graphically all possible combinations of output that…
Q: Why is the existence of a correlation (existence of co-occurrence or association) between and Fnot…
A: Correlation shows the relationship between 2 variables. Correlation is of 2 types negative and…
Q: If savings are at $1300 and income is worth $2200, what would the value of consumption be
A: The amount of money, property, and other transfers of value obtained over a predetermined period of…
Q: The president of the United States issues a quota on the amount of steel that can be imported from…
A: A quota is a trade limitation put in place by the government that restricts how many or how much…
Q: Using DBM, when is the t year with a book value of P7,633 if the asset is bought at a price of…
A: Given The initial cost of the asset (FC) =P17,763.00 Salvage value (SV)=2459 Economic life =10…
Q: Which of the following will inevitably lead to a rise in production? a. decreased wealth and higher…
A: The macroeconomic equilibrium in an economy is determined by the aggregate demand and supply in that…
Q: A merchant puts in his P3,000.00 to a small business for a period of six years. With a given…
A: given that, P (principal) = $3,000.00I (interest) = $5,957.95 R(rate of interest) = 20% time…
Q: Question 8 Possibilities I || III IV Economics 94 87 77 62 10 points on the economics exam. A…
A: Opportunity cost refers to the forgone benefits from the next best alternative.
Q: Does the demand curve shift on a labor market supply and demand graph when the baby boomers reitre?
A: Demand is defined as the volume of a good or service that customers buy at different prices during a…
Q: Question 25 Consider the following production alternative, 70 capital goods and 120 consumer goods.…
A: The data in the table are the combinations of two goods that can be produced with the given level of…
Q: Can you please add the examples Elastic & Inelastic demand:
A: Elasticity tells us the responsiveness of quantity demanded with respect to the price of the…
Q: Item Imports of goods and services Foreign investment in the United States Exports of goods and…
A: The current account balance (Taxi) is important for a country's monetary inflow and surge record. It…
Q: Question 11 Intra-industry trade between similar trading partners allows the gains from of a…
A: Intra-industry trade might be extensively characterized as the circumstance where countries…
Q: Suppose that in a competitive market for ukuleles, three buyers (Peter, Paul, and Mary) have the…
A: Marginal benefit: It is the maximum price the consumer is willing to pay for a particular quantity…
Q: x(p",w" Bp'w' x(p',w') Bp"w" X₂ Bpw' x(p",w"x(P,w') Bp"w"
A: The idea of weak axiom of revealed preference states that if a bundle lets say X is directly…
Q: Assume that country X produces two goods-sugar and shoes-and that the country's production…
A: Production Possibility Frontier (PPF) PPF is a bend that represents the maximum possible combination…
Q: X4
A: We know that The unemployment rate refers to the fraction of the total labor force that is…
Q: When a country has a comparative advantage in the production of a good, it means that it can produce…
A: To check which country has the comparative advantage in grain and tea, we have to calculate the…
Q: 5. Economic growth and public policy Suppose an American buys stock issued by an Argentinian…
A: Since the American bought the share issued by the Argentina's company. Hence he can sell the share…
Q: Using the graph, complete the table that follows by indicating whether each statement is true or…
A: The elasticity of supply measures the responsiveness of change in quantity supply to change in…
Q: Which term refers to a legally established maximum price that firms may charge? A a price ceiling B…
A: Price floor is a minimum price at which a seller can sell a commodity. Subsidy is the amount of…
Q: 8. Five years ago, an industrial engineer deposited $10,000 into an account and left it undisturbed…
A: The formula to calculate ROR is: ROR = Present Value - Initial ValueInitial Valuex100 Real ROR =…
Q: A new piece of equipment costs $100,000. The life of the equipment is estimated to be 15 years.…
A: Answer..
Q: What will happen in a market where the equilibrium price is $5 and a price ceiling of $4 is enacted?…
A: Equilibrium occurs at the price level where quantity demanded equals quantity supplied.
Q: Question Three A strategy is a function of a company’s external environment and a company’s…
A: A group of people may get together to create a corporation, which is a legal body used to conduct…
Q: Please help me connect the transformation of aswang in the views of Karl Marx, Durkheim, and weber.…
A: The foundation of schools of social work, often known as classic sociological theory, was built by…
Q: Many companies hold significant amounts of excess cash, that is, cash above the amount required for…
A: An evaluation of a company's effectiveness in allocating the money under its control to profitable…
Q: 4. The catch-up effect Consider the economies of Blahnik and Gribinez, both of which produce gobs of…
A: given that, the economies of Blahnik and Gribinez, both produce gobs of goo using only tools and…
Q: New York Giants star quarterback Eli Manning can sell 5 times more Giants memorabilia than any other…
A: Given, New York Star Quarterback Eli Manning sells 5 times more memorabilia than any other team…
Q: The following graph shows the market demand for ice cream. Suppose that the price of cake, a…
A: Dear Student, as you have posted multiple questions in a single image but as per the guidelines and…
Q: . What metrics can help analyze the economic environment of a country?
A: Economic environment The phrase "economic environment" relates to all the exterior economic elements…
Q: Question 4 Find the variance of X, where X takes the value 28, 46, 73, 73 with equal probability.
A: As given data is given for the discrete random variable. Hence the formula is given as: Var(X) = ∑i…
Q: Figure 4-2 ↑Price 10 9 + 8 Panel 1 Demand 12 3 4 Demand 1 7 8 Quantity 10 9 8 ↑ Price 1 2 Panel 2…
A: The demand curve only shifts when there is a change in any non-price factor.
Q: What are the four most important ways a firm becomes a monopoly? Will a monopoly that maximizes…
A: Monopoly is a market where a solitary dealer controls the whole inventory of an item. It is said to…
Q: if q new shirt cost $34.99 and the sales tax is $2.10 the sales tax rate is Answers: A. 2% B. 4% C.…
A: Given q new shift cost=$34.99 the sale tax =$2.10 Sales tax is levied by the government, it is some…
Q: On her recent birthday, April 22, 2001, Nicole was given by her mother a certain sum of money as…
A: Given, Nicole recieved a certain amount on her birthday on 22nd April, 2001She invested the amount…
Q: 3. Explain how exchange rates can affect a firm’s global sales.?
A: We know that In the global market, products and services are traded on the basis of the exchange…
Q: a manager is trying to decide whether to buy one machine or two. If only one is purchased and demand…
A: The expected payoff is the amount that an individual expects to gain from a specific investment…
Q: Question 6 Which of the following examples represents convergence? O Lower income countries are…
A: Convergence is the tendency of countries to come to their respective steady states.
Q: Consider the following graph, which shows the relationship between an individual's income and the…
A: given that... in the y-axis (quantity - dinners out per month) in the x-axis (income - thousands of…
Q: Suppose that the annual federal deficit is $350 billion. Gross Domestic Product 'GDP', a measure of…
A: Federal Deficit = 350 billion GDP = 14,500 billion
Q: An industrial plant bought a generator set for P90,000. Other expenses including installation…
A: Due to use, damage, or obsolescence, an asset loses value over time. This decrease in the book value…
Q: Olney Recycling recycles newsprint, cardboard, and so forth, into recycled packaging materials. For…
A: The overhead rate refers to the allocated cost for the purpose of production of a good or service.…
Q: Suppose that initially, the gasoline market is in equilibrium. War in the Middle East disrupts…
A: Price ceiling: A price cap is a price control or restriction imposed by a government or group on the…
Q: Draw the cash flow diagram with your solution. A loan for P50,000 is to be paid in 3 years at the…
A: Given Present value of money (P)=P50,000 This loan is to be paid in 3 years and the amount payable…
Q: Task 3: The population of the Republic of Butters is 165. Of these 165 individuals, 130 are in the…
A: The labor force is the sum of unemployed and employed people i.e., Labor force = Unemployed +…
Q: is the ability of persons, groups, or institutions to influence political developments. O Apathy…
A: Self-Government refers to the principle that the people are the main source of governing authority…
Q: Question 26 What does an increase in the production possibilities front O An increase in the…
A: Production possibilities frontier shows different combinations of goods and services that can be…
Step by step
Solved in 4 steps
- describe the long-run effects of the pandemic using the Heckscher-Ohlin model with a labour-intensive shoe-producing sector and a capital-intensive computer-producing sector. In this model both labour and capital can reallocate across sectors. (c) What happens to the output of shoes and to the output of computers? Does the structure of economic output become more capital-intensive or labour-intensive? please answer correct asap plzQ25. Given demand and supply for the Cobweb model as follows, find the intertemporal equilibrium price, and determine whether the equilibrium is stable; (i) Qdt = 18-3P Ost = -3 +4Pt-1 (ii) Qdt = 22-3P Qst = -2 + Pt-1COVID-19 has sent the economy of Classica into recession. The finance ministry has advised the government to lower stamp duty and other purchase service charges for those wanting to buy existing houses in order to boost economic growth. As well, the finance ministry wants the government to also cut company taxes as this will lead to firms increasing their level of investment in the economy. The President of Classica has asked you, as her chief economic advisor, for your views. Would a cut in stamp duty and other purchase charges on the purchase of existing houses really boost the economy?
- Specific-factors model-part 2 Suppose that land is specific to corn, capital is specific to automobiles, labor is mobile between sectors, and payments are as follows: Automobiles: Sales revenue = 200; Payments to labor = 100; Payments to capital = 100 Corn: Sales revenue = 200; Payments to labor = 50; Payments to land = 150 Suppose price of corn doesn't change, the price of automobiles increases by 20%, and the wage increases by 10%. Calculate the Nominal Percentage change on Rental of Capital and put your answer in the box below. (Keep your answer in percentage with 2 decimals. For example, If you got 15.26% , fill in 15.26 in the box below. Do NOT use 0.1526. )Please tell me, if what I found out is correct, about business and consumer confidence, regarding mining, in Chile, what can I add or change? Business confidence in mining can also have a significant impact on the industry and the economy in general. Here are some ways in which business confidence influences mining: Investments and exploration: When entrepreneurs are confident in the potential and profitability of the mining industry, they are more likely to invest in exploration and mine development projects. These investments are necessary to discover new mineral deposits, assess their viability and carry out the development and production stages. Business confidence drives investment in equipment, technology and labor necessary to carry out these activities. Development of mining projects: Business confidence also influences the development of large-scale mining projects. When entrepreneurs are confident in political stability, the regulatory framework, and long-term economic…How do you know that the equillibrium prices are lower, the quantities produced are higher and the profits produced are lower in the merged scenario
- COVID-19 has undoubtedly been a defining time in our generation's history, with effects on global economies comparable in some instances to what was experienced during the Great Depression of the 1930s. The pandemic has also recalled the economic shockwaves of the Global Financial Crisis of 2008/09. One can argue that this episode is like none seen before because it hasn’t emanated from economic factors. The pandemic is also having a broad spectrum of effects on economies and exchange rates globally. 4.2. Discuss the main drivers of the performance of emerging market currencies since March 2020.In developed countries the phenomenon of population aging is happening because of longer life expectancy as well as lower birth rates and lower population growth rates. 1. Explain how the life-cycle theory can be used to deduce that while longer expected life increases individual and aggregate savings, a lower population growth rate may increase per capita saving in the short run but reduces it in the long run. 2. How does the LC theory suggest that immigration from developing countries maybe favorable for increasing aggregate consumption and savings in developed countries? In Pakistan there is currently a pensions crisis because the government did not plan pensions of public sector employees efficiently. Instead of raising funds from lifetime earnings of employees, and giving pensions as returns on savings, pensions currently require budgetary allocation in Pakistan, leading to financial burden on government. In developed countries like the US, where people plan their own…Specifically, this insert begins with the conjecture that at this juncture, opinions differ on the future of IB and globalization, but that three scenarios predominate, specifically: Further globalization is inevitable. IB will grow primarily along regional rather than global lines. Powerful forces opposing further globalization and IB will slow their growth. Those anticipating slowing globalization would likely point to all of the following trends except for ________. A) Antiglobalization interests have been successful in electing parties that oppose freer movement of trade or people. B) Technological, transportation, and communication advances will decline in the near future. C) Major countries have either ignored certain international treaties or have refused to sign them. D) The growing split between those who succeed in a global environment and those who do not will foster greater antiglobalization sentiments.
- Emerging economiesEmerging economies that were growing rapidly, particularly Brazil and Russia, are both now in recession which means the income of the economy is shrinking. Commodity prices have played a considerable role in sending these economies into reverse, although this has been compounded by political developments in these countries.The previous major engine of global growth, China, has also seen its economy slowing. Although still growing at a brisk pace compared with mature western economies, by the double digit standards that China set for itself in past decades it Is unquestionably experiencing slower growth. This has happened at the same time as, and is related to, China rebalancing its economic growth model from reliance on exports and capital investment towards domestic consumption and services. One consequence of this has been lower demand for imported commodifies, which has been one factor depressing global prices, particularly in areas like metals.In contrast to…2. Which of the following statements is the best articulation of Malthusian dynamics?(A) “Technology will endeavour to make us increasingly less reliant upon fixed resources, since said resources can be stretched out in an exponential manner.”(B) “It is not possible that we can sustain ourselves indefinitely with fixed resources.”(C) “Since population grows exponentially, and farmland only grows linearly, human beings are cursed, in the long-term, to live in subsistence.”(D) “The wealthiest nations have the lowest population growth levels, but have also destroyed their environment with careless pollution that impedes on their ability to cultivate food.”how this model below relates to the Covid Crisis? More specifically, please use the following graph to explain why price continuously going up during the Covid crisis? (image attached)