If the employment rate increase reine 10% to 14% the economy wi

Q: Supply Curve and give interpretations.

A: Supply and Supply Function : By supply it is meant that the amount of a commodity offered for sale a...

Q: Please draw two graphs The first graph showing the impact of higher corn prices on (consumers) expla...

A:

Q: Checkable deposits are money because a. only banks and other financial institutions can offer them. ...

A: Any demand deposit account against which checks or draughts of any kind can be written is known as a...

Q: Below are three examples of an individual experiencing a wage change at various points in their care...

A: Employees will increase their working hours when they get an increment in their wages as well. There...

Q: Suppose the economy is four sectors economy. The economy is represented by the following: C = 400 + ...

A: Aggregate expenditure equation: AE = C + I + G + NX => AE = 400 + 0.40Yd + 25 + 40 + (-25) Note: ...

Q: What is the equivalent annual cost in years 1 through 8 of a contract that has a first cost of $72,0...

A: Given: First Cost=$72000 Annual cost from Year 3-8=$16000 Interest rate=14%  

Q: In the Grossman model, the marginal efficiency of investment in health care declines as health impro...

A:

Q: The profit that Johnny got from selling fish have increased at a constant  rate of P1100 in each of ...

A: To evaluate an investment, multiply the cash flows by the present value of the investment. It is pos...

Q: In some countries, such as Canada and UK, direct-to-consumer (DTC) advertising for pharmaceutical pr...

A: Direct-to-consumer(DTC): This term is used when the products are sell to the consumers directly that...

Q: A person with utility function Ux, y) = 5+ y+ 2x has nonconvex preferences. True False

A: Answer:- TRUE

Q: How would you describe our economic condition during the lockdowns?

A: The fluctuation in the economic activity is tracked by the business cycle. In an economy, the fall o...

Q: The utility function for Morris is U = min{4M, 2T}, where M is pints of milk and T is cans of tuna. ...

A: In equilibrium: 4M = 2T  [ as utility function is of perfect complement hoods] T = 2M Substituting t...

Q: 1. What do you understand by Trade Creation and Trade Diversion? Which one is better for a country? ...

A: 1. The increase in economic welfare that results from joining a free trade area, such as a customs u...

Q: A couple decided that for every child that will be born they will place a deposit in the bank so tha...

A: Given the future value, FV = P300000 Present invested amount, PV = P15249.13 Time, n = 18 years

Q: Which is NOT true about globalization? A. Globalization has competing definitions and importance B. ...

A: Trade is defined as the exchange of commodities and services across the boundary of the country.  In...

Q: A certain office equipment has a first cost of PhP 20,00 and has a salvage value of PhP 1,000 at the...

A: First Cost = 20,000 Salvage value = 1,000 Time period = 10  

Q: how can we think the trade-off for the ole of service standardisation on market segmentation (i.e. h...

A: There will almost always be trade-offs when making a decision. Trade-offs can be defined as a compro...

Q: Examine the following table:   Value of Exports (in billions) Value of Imports (in billions) Balanc...

A: Answer: Current account balance: it refers to the difference between the value of total credit and d...

Q: Greg has the following utility function: u = x x51. He has an income of $75.00, and he faces these p...

A: Given  Greg utility function u=x10.49x20.51             .... (1) The equation of B=budget constraint...

Q: 7. The required reserve ratio helps determine the amount of money banks can create.

A: The reserve requirement is the portions of reserves that banks are expected to keep in currency, eit...

Q: In the simple Keynesian model, a $1bn decrease in net taxes (T) will lead to an increase in output o...

A:

Q: If the central banks sells bonds in the open market, net exports will increase. Is the following st...

A: Open market  operation:;-  Open market operations (OMO) allude to the Central Banks practice of purc...

Q: Is the following statement TRUE or FALSE? Please provide reason for the answer. The positive relati...

A: Disposable income is the left amount in hand after paying taxes . And it is used for consumption of ...

Q: how the shortage of semiconductor chips has shifted the production possibilities curve inward for au...

A: Production possibility curve: - it is the graphical representation of different combinations of two ...

Q: 6. When Karen uses money to buy her breakfast, she is showing the use of money as a unit of account....

A: In an economy, money is used for different purposes, which explains different functions of money at ...

Q: If a government wishes to maximize the rate of pharmaceutical innovation, it should offer non-expiri...

A: Intellectual property is ownership of images, ideas or concepts which grant exclusive rights for use...

Q: Company SUIU nfinity TV in 2019. The following year, the umber of Inifinity TV sold dropped by 53 er...

A: Income elasticity of demand depicts how much consumer responds with the change in his income. 

Q: how may economic problems pose a challenge to social class

A: Economic development challenges are problems or challenges that the economy is facing that are slowi...

Q: A major event such as a disastrous hurricane or national security crisis which attracts widespread m...

A: Any disaster activity or event can attract media to cover that issue. Media will play an important r...

Q: Which of the following are examples of specialization? Check all that apply. O Eileen is good at exp...

A: Since you have posted multiple questions, as per answering guidelines we are supposed to solve only ...

Q: By the condition of a will, the sum of P 25,000 is left to a girl to be held in a trust fund by her ...

A: Given present worth = 25000 Future value = 45000 Interest rate = 8% compounded quarterly Time = ?

Q: The production possibility frontier (PPF) in the Grossman model is as below. Point is in the tradeof...

A: The Grossman PPF model differs from the traditional PPF model. In that if you devote all of your res...

Q: reimbursements programs such as (P4P or DRGs) to current value-based compensation programs can poten...

A:   *ANSWER :-  (1)   From the given information the answer is given as follows.  

Q: The framers of the Constitution gave the chief economic power of government to Group of answer choic...

A:   Option A is incorrect as the president himself implements laws that are written by Congress. Optio...

Q: Draw a well labeled diagram of the LM Curve.  Determine the equilibrium level of income and equilib...

A: The LM curve represents the money market equilibrium. It represents the various combination of the l...

Q: Cost LRAC A Quantity Figure 1 Long run average cost curve for a firm Figure 1 shows a long run avera...

A: We have to find Long run average cost curve.

Q: Using the data you entered in the previous table, calculate the tax burden that falls on buyers and ...

A: We can see these values directly from the graph and fill the table to be:   QUANTITY PRICE BUYERS...

Q: Suppose that the economy is characterized by the following behavioral equations! C = 180 + 0.80Y, /=...

A: Aggregate expenditure function: AE = C + I + G => AE = 180 +0.80 YD + 140 + 160 Note: YD = Y - T ...

Q: When a consumer withdraws cash from a drawer in his house and deposits it in a savings account, the ...

A: Savings is the amount that a consumer sets aside from its total income. The amount of savings is cal...

Q: Is the following statement TRUE or FALSE? Please provide reason for the answer. The marginal propen...

A: The amount of money spent on products and services is referred to as consumption. Savings and consum...

Q: Consider a firm that is currently producing a level of output that maximizes its profits. The firm g...

A: Given:  Revenue of the firm = $40 million per month. Worker Compensation = $30 million Renting of ma...

Q: There are three national economic goals: economic growth, full employment, and price stability. For ...

A: Fiscal policy refers to the policy of the government to control the money supply in the economy. Und...

Q: Consider a perfectly competitive firm that uses labor as an input. The firm faces a market price of ...

A: Value of Marginal Product of Labor (VMPL) is the addition in a firm's revenue due to an extra hiring...

Q: A firm faces the demand schedule = 0.69 and the total cost function TC = 40 + 30q + 0.4q². %3D (a) W...

A:

Q: If tax revenues are lesser government expenditures in a year, the budget deficit would be negative.

A: Tax Revenue: Revenue that is generated against the tax is termed as tax revenue. Tax is an important...

Q: Suppose that the economy is characterized by the following behavioral equations: C = 180 + 0.7YD /= ...

A: The equilibrium output in the economy is where the aggregate demand equals its aggregate supply. The...

Q: Among the properties of the inequality indices, we have seen the Pigou Dalton principle. Do You thin...

A: Pigou Dalton principle approach towards maximize the social welfare. It states that allocation in an...

Q: Draw the new social curve on the graph above and answer: Private | Social Social Consumer's Surplus ...

A: Externalities are the harmful or beneficial side effects arise out of production or consumption of s...

Q: The production possibility frontier (PPF) in the Grossman model is as below. Individuals would never...

A: ANSWER   Free lunch zone = Area where small improvements in health, yield large improvements in prod...

Q: Question 6. Canada is a small open economy. Suppose that the Canadian government significantly incre...

A: A small open economy is an economy that participates in international trade but is small enough in c...