Government spending increases from G1 to G2. Which of the following diagrams best represent the change in the production possibility frontier of the economy? Y* Y*-G, Y*-G h-l h-l -G, -G, -G,
Q: Show Solution If the inflation rate is 8% and cost of money is 12%, what interest rate will take c...
A: Inflation is the rise in the prices of goods and services. It decreases the purchasing power of good...
Q: a. By what percentage did the price of a litre of petrol rise? b. By what percentage did the wage ri...
A: here we calculate the wage rise by the following method as follow;
Q: A store sells two types of computer sleeves, A and B. The weekly demand and cost functions are Турe ...
A: Here we calculate the profit by using the given demand and cost function , so the calculation of the...
Q: pls solve this question within 20-30 minutes I'll give you multiple upvotes. Please obtain the same ...
A: There are many changes you can make to your home to increase its value. You may consider new landsca...
Q: 16. How prices allocate resources Suppose that there are three beachfront parcels of land available ...
A: A good is sold as long as its price is at least seller's cost of production and still less than buye...
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: If sellers are taxed $6 a ball, the price that sellers receive for a basketball is $ The number of b...
A: There are supply and demand curves showing the basketball markets when no taxes are imposed. The tax...
Q: The figure shows the market for tires. According to the figure, the government collects per month in...
A: We can calculate the amount of revenue earned by the government by taxes with the following formula:...
Q: Next question A example of a good with external benefits is A. a sewing machine. B. a pair of runnin...
A: Externality refers to spill-over effect of production or consumption of the good on third party or s...
Q: Base on your graph, what do you think are the factors that may affect the demand of the existing pro...
A: Coca and Pepsi are two big brands of the cold drink amd beverage industry . They are MNCs and are t...
Q: Classify each of the statements as an example of positive or normative analysis.. The sugar quota in...
A: The sugar quota in the United States costs consumers $6.08 billion a year. Correct Answer: Positive ...
Q: QUESTION 5 wage (S/worker) Labor Supply 150 125 100 75 Labor Demand 50 25 50 75 100 125 150 labor (t...
A: Dear student, you have asked multiple sub-part questions in a single post. In such a case, I will be...
Q: Why aren't more resources being allocated to sufficient prudential oversight of the financial system...
A: Countries where there are more working women, quantity of workers is more. People who are working o...
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...
Q: Power cost is P2 per kWh. If money is worth 20%, how many hours per year would the motors have to be...
A: The breakeven point is the level of production at which the costs of production equal the revenues f...
Q: Describe Inflation and how it is measured? Ascertain the Fiscal and Monetary policies that are gener...
A: Inflation is defined as the rise in the average price level of commodities and services in the econo...
Q: There is no incentives to innovate in a perfect competition market. Do you agree? Explain.
A: When talking about perfectly competitive market, it is the place with a large number of buyers and s...
Q: Suppose that a consumer cannot vary hours of work as he or she chooses. In particular, he or she mus...
A: Unemployment insurance is the compensation given to people who are not working until they get the wo...
Q: The economy below has a linear production possibility frontier, given by C=Y-G/q. Private income Y c...
A: A good is a normal good when its demand decreases with decrease in income. A good is an inferior goo...
Q: Q1): A company is planning to expand its business after 5 years from now. The expected The company c...
A: Here we calculate the difference in amounts company arrange after 5 year by using the given informat...
Q: A flood control pumping station is being designed. Three possible pumping scheme are proposed and th...
A: Given that; First, using the annuity factor (or capital recovery factor), convert the cost of insta...
Q: Table 2 shows Media Cable’s demand table, total revenue, and marginal revenue at each price. What is...
A: Quantity effects occurs when change in price affects the quantity, and it results into change in tot...
Q: Investors view an increase in the default risk of corporate bonds, relative to US Treasury bonds. Co...
A: A corporate bond may be a sort of debt security that is issued by a firm and sold to investors. the ...
Q: In a private closed economy where MPC = 0.90, if consumers reduce their spending by $5 billion and f...
A: Given the MPC = 0.90 Reduction in consumption = $5 billion Decrease in investment = $4 billion
Q: money is worth 9% annually, what annual payment is required to raise ₱ 17,765 after 2 years if payme...
A: Given question is based on computation of present value of future expected cash flow. formula as : p...
Q: Explain price discrimination. What are the conditions to make price discrimination effective? Provi...
A: Price discrimination is a marketing approach in which a vendor charges varying price for the product...
Q: A manufacturer produces certain items at a labor cost of P 115 each, material cost of P 76 each and ...
A: Given: The labor cost is = P115 each The material cost is = P76 each The variable cost is = P2.32 e...
Q: Suppose that Greece and Sweden both produce rye and shoes. Greece's opportunity cost of producing a ...
A: If a country has a lower opportunity cost of producing the good, it is said to have a comparative ad...
Q: What is the Quantity Theory of Money and why doesn’t it always hold true? 1. Hints: Explain what the...
A: Quantity theory money depicts the relationship between the money supply or quantity of money and pri...
Q: Next question ne graph shows the market for basketballs, when sellers are taxed $6 a ball. Price (do...
A: An elastic demand is one in which the adjustment of amount demanded because of an adjustment of cost...
Q: Next c A good or resource is excludable if A. when you pay for the good or resource, you are guarant...
A: ANS : As per given situation that a good kr service is considered to be as excludable as if : A) wh...
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: 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: n the Solow model, if a country decreases its savings rate (draw the graph! your graph needs to incl...
A: In the Solow model, if the country decreases the saving rate, the investment will also decrease (as ...
Q: (a) Find all (pure or mixed) Nash equilibria in the following two-player game: L C R U 2,4 -2, 2 -2,...
A: Given information Player 2 L C R Player 1 U 2,4 -2,2 -2,0 ...
Q: 2. Effects of a tariff on international trade The following graph shows the domestic supply of and d...
A: Answer: (1). Import: import refers to the difference between the quantity demanded and the quantity...
Q: what are the three main credit bureaus? They should explain how each one works and how they are diff...
A: This chapter is related to credit bureau. Credit bureau, also known in the US as credit reporting ag...
Q: discuss in detail the nature of production, profit and costs within the public sector
A: The influence of government revenue, expenditure, and investment decisions is studied in public sect...
Q: contamination of its water supply. It wants to undertake a benefit-cost analysis of two alternative ...
A: *Answer:
Q: Harry planned to buy a mountain bike. In order to do that, he saved RM100 in his piggy bank at end o...
A: Here the saved amount is done in each month and is growing with specific percentage of initial amoun...
Q: Suppose $55 is the equilibrium price in the bicycle market. The equilibrium quantity is 30 bicycles....
A: The consumer surplus is given as the area of the triangle above the equilibrium price and line and b...
Q: An asset is purchased for P 9,000.00. Its estimated economic life is 10 years after which it will be...
A: DEPRECIATION MEANS A REDUCTION IN THE VALUE OF ASSET OVER TIME. UNDER SYD METHOD THE DEPRECIATION ME...
Q: What are the advantages and disadvantages of globalization to the economy of the Philippines? Give 4...
A: GLOBALIZATION: It is the spread of information,products,technology and jobs across nation...
Q: Demand is inelastic if a. the price elasticity of demand is less than 1. b. a large change in quanti...
A: Elasticity is defined as the responsiveness or sensitiveness on the demand if the factor influencing...
Q: If GDP is $20 trillion, how many years will it take for GDP to increase to $160 trillion if annual g...
A: GDP measures the value of goods and services that are produced within the economy in a given year. I...
Q: Briefly explain how firms compete/set price under the Oligopoly market structure.
A: Oligopoly is a form of market organization in which there are few sellers of a homogenous or differe...
Q: 1. An industrial plant is considering the purchase of a centrifugal pump. Three offers were received...
A: The economic life of an asset is the amount of time it is useful to its owner. Salvage value is an a...
Q: hat is the 'Keynesian Fiscal Multiplier’ and things might decrease its magnitude? ve both the defini...
A: The initial rise in expenditure leads to multiple rise in the income level, such phenomenon is known...
Q: Since 1789 the overall trend has been greater power for the states at the expense of the Federal gov...
A: Federalism in the United States has evolved over time, from obvious power distinctions between natio...
Q: Darien invests $10,000 in an account that pays 3.2% interest per year, compounded semi-annually. Wha...
A: Here we calculate the amount after 3 year by using the given information , so the calculation of the...
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- Fill in the blanks While the study of economic activities of individuals, households, and business at thesub-national level is the concern of ______ the study of economic activities ofthe national and global level is the concern of _______. The three main macroeconomic goals identified are _____ , ______ and _____.Suppose we extend the circular flow model to add imports and exports. Copy the circular flow diagram onto a sheet of paper and then add a foreign county as a third agent. Draw a rough sketch of the flows of imports, exports, and the payment for each on your diagram.(1d) To measure a real increase in wages, the changes would have to be averaged. the wages would have to be adjusted for inflation overtime. (my guess) the increase would have to be compared to the growth in GDP. (1e) Jerusha lives in a country with a large amount of protection under the law for conducting business or bringing her ideas to the market with patten production. Because of the economic conditions what will Jerusha most likely do with her rainwater collecting invention? Keep her ideas in a notebook and sell them to the highest bidder. Find a country where she can develop her idea away from strong patent laws. Develop her invention and bring it to market with ease and minimal cost. (my guess) (1f) Over the past 50 years, which component of consumer spending has steadily gained as a percentage of the total? durable goods nondurable goods services (my guess) (1g) The distinction between real GDP and nominal GDP is important to determine which of the following? The…
- GDP IS EQUAL A C+I+ G + NX B Y-G C C+I+G - NX D Y+I The PPF curve might be Bow shaped L shaed Dimiishing shaped U shapedConsider a frugal closed economy without money market. Assume there is no government or exports/imports. The economy is described by the following set of equations. C=1000+0.5⋅Y ID = 600 What is the equilibrium output Y* a)4000 b)2000 c)3200 d) 160006. Which of the following statements about point E is FALSE? a) production of both X and Y can increase, without more resources or improvement in technology. b) the economy cannot reach this point without more resources or improvement in technology. c) the economy is not producing efficiently. d) both (a) and (c). e) none of the abov
- _________ is output per hour in the business sector. Question options: a) GDP per capita b) Investment c) Productivity d) Net exports ____________ is a term which refers to the widespread use of power-driven machinery and the economic and social changes that resulted in thefirst half of the 1800s. Question options: a) Industrial Revolution b) Capital deepening c) Living standard d)TechnologyDetermine if the following statement is normative or positive: The government expenditure towards infrastructure, research and development and skills and jobs-training programs increases future productivity resulting in rising future output (i.e. GDP).The diagram below shows the economy growing at the Solow growth rate with Spending ( M + v) at 10% . Redraw the graph below and answer with a graph each of the following questions. Assume that prices are sticky. Note: you should redraw the ASAD graph below two separate times, once for part a, then again for part b—do NOT do give all your answers on one graph. One graph = zero points. Be sure to LABEL all changes (i.e. x axis, y-axis, intersections….) a. Show what happens if consumers and businesses become more optimistic about the economy—where is YA? where is the new PL? b. Once The Federal Reserve bank sees what happened in part a, she decides to fully reverse the effect in part a. by changing M. Illustrate what happens if she does her job just right
- the production possibility curve for an economy is a. concave to the origin b. convex to the origin c. linear d. positive pls answer urgentExercise 2: Growth and developmentCountries 1 and 2 have the production function: Yt = AiKαt L1−αt , where country 1 hasTotal Factor Productivity (TFP) of A1 = 25, country 2 has TFP A2 = 100, and α = 0.35for both. In the two countries population is constant and there is no technological progress.Every year capital depreciates by 6% in both countries. Country 1 saves 40% of output, andcountry 2 saves 20%.a) Write down the function of production per unit of labor. Suppose the two countriesstart with an initial capital stock (per unit of labor) of 500, what are the initial income andconsumption per unit of labor in both countries?b) Determine their steady state levels of capital, income and consumption per unit oflabor.c) Determine the difference in their steady state level of income per unit of labor, andhow much of that difference is due to differences in TFP and how much is due to differencesin capital per unit of labor.d) Suppose now that country 2 suddenly has access to the country 1…Consider the following data for a particular economy:GDPmp = 950Private consumption = 750Gross investment = 100Net investment = 80Exports = 250Imports = 300Net Indirect taxes = 50Net external income = 100Balance of transfers with the Rest of the World = 50Private savings = 300Calculate:a) NNPbp (Net National Product). b) Current balance. Interpret the result obtained.