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How Goods Market will be in Equilibrium according to the saving and investment approach?
with a resource please!!
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- What is intertemporal choice? And how it is elaborated in economics?03. Which of the following statements about point C is FALSE? a) production of both X and Y can increase, without more resources or improvement in technology. b) to produce more of product Y, some of product X has to be sacrificed. c) 12 units of product Y and 16 units of product X is being produced. d) the economy is not producing efficiently. e) both (a) and (d).many countries produce a single good upon which much of their economy depends. That good might be coffee or wool or oil. How might a production possibilities curve help economists in such a country determine how to diversify their economy
- The present choice between investing in capital goods and producing consumer goods now affects the ability of an economy to produce in the future?The diagram below depicts Marco’s choice of consumptions in periods 1 and 2. He has $100 worth of grain in period 1 and no income in period 2. Marco has two choices. In scheme 1, he can sell the grain that he does not consume and lend the money at 10%. In scheme 2, he can invest the grain that he does not consume (e.g., planting as seed) for a return of 50%. Which of the following statement is correct? [ Only One Option correct ] GIVE EXPLANATION FOR EACH OPTION. A. Going from scheme 1 to scheme 2, the substitution and income effects have opposite effects on period 2 consumption.B.Marco can do better than consumption choice B by investing all of his grain and consuming the output in period 2.C. Marco is less impatient at B than at AD. Marco can do better than consumption choice B by investing all of his grain and borrowing against his period 2 output.The present choice between investing in capital goods and producing consumer goods now affects the ability of an economy to produce in the future. Please explain.
- what is a basic definition of per diems? what are the pros and cons of per diems?Explain why the goal of a society, production or consumption, has important implications for analysis and policy.ASAP QUESTION 12Discuss. in a general way, how markets would determine the combination of consumer goods and capital goods to produce in an economy.
