How can economic changes affect society?

Q: In early 2019, the Powerball lottery was advertised as having a payoff of $750,000,000. The winner w...

A: Present value (PV) is the current value of a future amount of cash or stream of incomes given a pred...

Q: If C=0.8Y, I-bar=260, G-bar=200, TR-bar=150, T=0.2Y, X-bar=320 and M=0.1Y, the equilibrium level of ...

A: Aggregate expenditure function AE = C + I + G + X -M => AE = 0.8Yd + 260 + 200 + 320 - 0.1Y =>...

Q: Question 25 Which of the following is not one of the classical policies? O Laissez- faire O small go...

A: When talking about classical approach, it can be said that the classical way of dealing economic ins...

Q: 1 Given the following bids to buy and to sell a used book. Bids to buy: $16. $16 . $18 . $18 . $18 ....

A: In the above question, it is given Bids to buy and to sell a used book.  BIDS TO BUY ($) BIDS TO ...

Q: Greenmail Raider Do not Buy buy Management Raider 10 Management 10 Greenmail No greenmail Raider 15 ...

A: Backward induction is used by the Raider to pick takeover at the final decision node.

Q: The health care industry encompasses the following sectors, except:  A. Dental care B. Health clubs ...

A: Answer:- (B) health clubs

Q: An example of a perfectly competitive industry is:  A. cell phone service B. the automobile industry...

A: In a perfectly competitive market, there are many buyers and sellers. Firms do not have any control ...

Q: Consider a closed economy, where wages are sticky in the short run. The consumption function is C = ...

A: Since you have asked a multi-part question and according to the policy, we can only solve the first ...

Q: The aim of this question is to derive the sufficient statiscs formula for the efficiency cost of a t...

A:

Q: Which of the following will shifts the SAS curve to the left? O A natural disaster. O An improvement...

A: The short-run aggregate supply curve is the curve that provides information about the total amount o...

Q: Compute the economy's GDP using the expenditure approach. Assume that all transactions are 2019.

A: Given, Hector spent for the maintenance of his car P 70,000 per month will be considered  Consumpti...

Q: Suppose DeGraw Corporation, a U.S. exporter, sold a solar heating station to a Japanese customer at ...

A: The correct answer is given in the second step.

Q: TRUE OR FALSE The future worth of a perpetuity from one (1) to ? years is undefined because as ? ap...

A: The future worth of a perpetuity from one (1) to ? years is undefined because as ? approaches infini...

Q: Which of the following is not an assumption of the IS/LM model? Short-run model ...

A: IS-LM is a model of Keynesian macroeconomic that shows how the market for monetary merchandise (IS) ...

Q: Suppose the value for the price elasticity of demand (Ep) equals -2. What is the value for the Optim...

A: Elasticity of demand measures the responsiveness of quantity demanded to changes in price level.  

Q: 20 (in tons) 18 20 (in tons) 18+ 16 16 14 14 12 12 10- 10 2. +++ 2468 10 12 14 16 18 20 Psh (te ) 24...

A: Production possibility frontier shows different combinations of two goods that can be produced by an...

Q: Job search O 1) is one reason economies always experience some unemployment. 2) is the process of ma...

A: The economy always experiences some unemployment even when it is producing at full employment.

Q: Private enterprises often oppose environmental regulation because it raises cost of operation, reduc...

A: Given information Farm type is given Output of milk is given Daily demand for labor is given Wage=$1...

Q: The unemployment rate in a town in which 85,300 persons are employed and 13,000 are unemployed equal...

A: The unemployment refers to the economic condition where the a worker wants to work but still he does...

Q: b)  Following model was applied to manage a fish stock efficiently in the long run: Harvest functio...

A: Introduction Its answer is 4) Harvest function : H(E) = 100E - 3 E2 , where E is the number of fishi...

Q: Clothing (units per month) Food (units per month) Starting from point A, after the price of food dec...

A:

Q: Fixed costs tend to remain the same in: O The short run. The long run. O Both the short run and long...

A: A firm incurs two types of cost of production, one is variable cost and other is fixed cost.

Q: If the price elasticity of demand is -0.11, what would be the change in price if quantity supplied i...

A: Price elasticity of demand: - Price elasticity of demand measures the responsiveness of change in de...

Q: Prove that: A capital – abundant country can benefit from international trade if it specializes in p...

A:

Q: Why is the Consumer Price Index likely more relevant to your own personal economic situation as comp...

A: For a product to be manufactured, cost is important and when cost is initiated, then process of busi...

Q: If you invest $2000 at 12% annual interest rate, compounded weekly, how much would you have after 5 ...

A: Given, P = Principal Amount = $2000 r = Interest Rate = 12% = 0.12 t = Time = 5 years Compounded Per...

Q: Find the value of B. Quantity Total Cost $5,000 Fixed Cost Variable Cost $1,000 $1,000 |Average Tota...

A: Fixed cost (FC): - it is the cost incurred on the fixed capital assets like land, building, machiner...

Q: 1. Write the production for your team Stage I Stage 2 Stage 3 Stage Units Value Total Piece in Stage...

A: Answer a. Assuming that the production for the third stage was double, the new values are : UNITS...

Q: Dave's opportunity cost of producing 1 pound of green beans is ______ pound(s) of corn.     Multip...

A: Total possible production of each good is Product  Green Beans = 80 Corn = 160

Q: When Germany exports Mercedes Benz to the United States and the United States exports Hummers to Ger...

A: Here in the given question both the countries are importer and exporter at the same. 

Q: QUESTION 12 The interest rate in Pakistan is 0.4, the exchange rate is 1.0 and market participants e...

A: Q 12 Its answer is d : 0.25 Interest rate of Pakistan = 0.4 Exchange rate of Pakistan = 1.0 Market p...

Q: In the IS/LM model, the fiscal policy multiplier with respect to interest rates is (α corresponds to...

A: The correct answer is given in the second step.

Q: When you hear language like "serve the general good," it's reasonable to be concerned about personal...

A: Common goods in economics are defined as those goods or resources that are rivalrous and non-excluda...

Q: When you open a savings account, you and your joint account holder will need these four items. Put a...

A: A bank account is an important arrangement made by a bank to let the depositor deposit their money i...

Q: clause Cash value in clause Cash value in millions millions Rents 45 depreciation of capital indirec...

A: The measure that depicts the value of goods and services being [roduced in an economy during a speci...

Q: why is it not realistic for a PPF curve to be straight?

A: PPF or Production Possibility Frontier is a locus of all the combinations of two goods that an econo...

Q: 13. Mr. John dela Cruz borrowed money from a bank. He receives from the bank P1,340.00 and promised ...

A: Given: The principle amount is = P1,340 The future value is = P1,500 Time period = 9 months To Find:...

Q: Describe strategies for reducing unemployment; creating alternatives to capitalism through worker co...

A: An increase in the unemployment rate and child labor is now a major issue globally. If the unemploym...

Q: Which of the following is NOT a condition necessary for perfect competition? There are may buyers an...

A: Competitive market: - it is a market condition where there are many buyers and many sellers in the m...

Q: (A) roydes PPC Japan PPC in Vetnam In reference to the above graph, suppose Vietnam and Japan are pr...

A: Note:- Since we can only answer one question at a time, we'll answer first one. Please repost the qu...

Q: Choose the letter/s of the correct answer/s. How are you going to maximize a profit if the price is...

A: Profit is the excess of revenue(TR) over costs(TC).

Q: You are paying a series of five constant-dollar (or real-dollar) uniform payments of $2,295.9 beginn...

A: Given that, Uniform payment of $2295.9 The inflation rate is 32.99% The market interest rate is also...

Q: 10. In a competitive market, the current equilibrium price is $200 per unit. A firm that produces Q ...

A:

Q: 3. Discuss the long debate of economists whether there is a significant loss of well-being to societ...

A: Introduction Perfect competition and imperfect competition both are a part of market.  Perfect compe...

Q: If there is a decreased demand for a financial asset. its yield will rise its current purchase price...

A: Demand for bonds shows that there exists an inverse relationship between the price of the bond and t...

Q: Q1- Find the gross domestic product/income using the income and expenditure method? Q2- personal inc...

A: The measure that depicts the final value of goods and services being produced in an economy within a...

Q: An individual lives for two periods (1 young, 2 = old). His/her preferences over the con- sumption s...

A: Given information 2 period model When Young and when old. Utility function U=logC1+ b logC2 Income i...

Q: If suddenly remittance drops 10% annually due to Covid and every other thing remain constant then wh...

A: Exchange rate- The exchange tells us about the worth of the currency of one country in comparison to...

Q: Explain the meaning and importance of studying environmental policy?

A: To find : Importance of studying environmental policy. 

Q: Consider the production function Y =(AK" L ). Suppose both saving rate (s) and the depreciation rate...

A: Note:- Since we can only answer up to three subparts, we'll answer first three. Please repost the qu...