If the marginal propensity to consume (MPC) is 0.8, the government purchases multiplier will be that a $1 increase in government purchases will lead to a $ increase in real GDP.

Q: Durable goods and non-durable goods comprise approximately ________ of the supply side of the GDP.…

A: GDP is the sum of consumption, investment, government spending and net exports in an open economy.

Q: Why is the opportunity cost of attending college higher for a 50 year old than for a 20 year old?

A: Opportunity cost also called the implicit cost is the cost of the next best alternative that is…

Q: ASAP Please! High Price Low Price Player 2 Player 1 High Price 70,70 20,80 Low Price 75,10 30,35…

A: Answer; Option 1 is correct answer

Q: Complete the following table by indicating whether each point represents output combinations that…

A: The production possibilities curve (PPC) is a graph that shows all of the different combinations of…

Q: How does the 'threat of new entrants' affect business within th toruism industr

A: The risk that a new competitor poses to existing companies in an industry is known as the threat of…

Q: STRAND 3 OUR ECONOMY 22. The table below shows the demand and supply schedules for Boosted Board…

A: Question 22: Price Quantity Demanded Quantity Supplied 800 25000 5000 900 20000 10000 1000…

Q: Two firms, A and B, produce identical product (crude oil, for Instance) have the same cost curves…

A: Given the lowest possible price that is minimum of ATC = 20 At lowest minimum price, the market…

Q: Determine and discuss the impact of diesel prices on fuel revenues and the impact of gasoline prices…

A: In the study of economics, elasticity is used for measuring the changes in quantity demanded of a…

Q: 3. If money is so versatile and can buy anything, why don't people demand all the money they can get…

A: Opportunity cost of holding money:- The rate of interest foregone on investment instruments, that…

Q: Which of the following is part of the economic analysis of discrimination? A. Employers who…

A: Economic discrimination is described as a long-term disparity in economic well-being among people…

Q: Question 4 John and Sotiris live on trees in two different forests. They each have eight hours to…

A: The production possibility frontier (PPF) depicts the various quantities of each product that may be…

Q: Who benefits from FDI?

A: Note:  We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: Can regional differences in unemployment rates and poverty rates exist in spatial equilibrium?

A: Spatial equilibrium refers to the general economic equilibrium because it is the equilibrium in the…

Q: In the given diagram, BDE represents the average variable cost and BCDF represents the marginal cost…

A: The supply curve is a graph that shows the relationship between the cost of a good or service and…

Q: Question 4 Marginal product is NOT... Group of answer choices the change in the total product…

A: "Marginal product indicate the change in total output from employing one more unit of input (keeping…

Q: QUESTION 4 Monetarization of economy spurred the progress of science, e.g. the Enlightenment and the…

A: Monetization of an economy refers to the structural change of an economy from barter system to money…

Q: Does it matter that increased government debt/GDP ratios place a higher tax burden on future…

A: It is the ratio of a country's public debt to its gross domestic product that is used to measure its…

Q: b. What is the effect on the equilibrium price and quantity traded in a market of a change in tastes…

A:

Q: Answer asap please Suppose that a special interest group makes up 10% of the overall population. If…

A: Special interest group refers to a group of people that is well-organized in terms of their beliefs,…

Q: [11] The invention of coins made the use of in exchanges less common. O gold and silver money O…

A: A piece of metal that was being used as a form of money with a number depicting its value along with…

Q: All normal goods have   Question 8 options:   price elasticities of demand greater than 1.0.…

A: Income elasticity and price elasticity are two different types of elasticities.

Q: The economy is in a recession. The government enacts a policy to increase spending by $10 billion.…

A: Given: The government increases the spending by = $10 billion The MPS = 0.1 The aggregate supply…

Q: Which group of economists believe that without government help the economy could tend toward less…

A: Government intervention is recommended when the economy operates below the full employment level.

Q: 3. Mr. Decision is torn between two independent projects A and B. The data below each project are…

A: Given information There are 4 MEA in project A and 4 MEA in project B MARR=12%

Q: QUESTION 19 Y the cost of smokestack scrubbers (to minimize polution) is $3000 and the damage of the…

A: The Coase theorem postulates that when property rights are clearly defined, perfect competition…

Q: In the conventional (non-Monetarist) approach to monetary stimulus, the Federal Reserve attempts to…

A: Gross domestic product refers to the market value of final goods and services that are produced…

Q: Question 4 a. Describe five (5) factors that influence the market demand for a product such as…

A: The quantity of a good that consumers are willing and able to buy at a specific price and for a…

Q: Raytheon wishes to use an automated environmental chamber in the manufacture of electronic…

A: “Since you have posted a question with multiple sub-parts, we will solve first three subparts for…

Q: Mr. Decision is torn between two independent projects A and B. The data below each project are given…

A: Given information There are 4 MEA in project 1 and 4 MEA in project B MARR=12%

Q: 5. The physical life is always greater than all the other “life" factors under replacement analysis.

A: Physical life of an assets is the full life span of an asset, where market value of assets is 0 that…

Q: The unemployment caused by minimum wage would be larger if   Question 2 options:   both labor demand…

A: Minimum wage is an example of price floor which is the minimum price that must be paid.

Q: Graphically explain the effects of decrease in income to the demand for good X assuming that good X…

A: There are two types of goods, normal and inferior.

Q: Which of the following can be used as a method for reducing the problems of moral hazard and/or…

A: Moral hazard or adverse selection are caused by the asymmetric information.

Q: 3. Does it matter that increased govemment debt/GDP ratios place a higher tax burden on future…

A: According to the Ricardian equivalence theorem, the impact of higher debt-financed government…

Q: Which of the following statements best explains why the money demand curve slopes downward? Select…

A: Demand for money refers to the amount of money an individual wish to hold. Demand for money curve is…

Q: Identify the nature of supply relationship that nestle has tied up with the farmers in Ecuador?

A: Meaning of Microeconomics: The term macroeconomics refers to that situation under which the…

Q: QUESTION 11 If the demand equation is D(x) = 109 - 3.9x and the supply equation is S(x) = 6.3x + 35,…

A: D(x) = 109 - 3.9x S(x) = 6.3x + 35

Q: All of the following are examples of protectionism except     most favored nation treatment…

A: Protectionism refers to the government policies that create a specific restriction on international…

Q: A firm has invested $30000 in equipment with a 5- year useful life. The machinery will have no…

A: Answer;

Q: What type's of goods and services should the United States produce based on its comparative…

A: Comparative advantage refers to the production of goods and services at a lower opportunity cost…

Q: 7. Suppose you have can invest in a project in Country A or Country B. The CPI in both countries is…

A: Given information Country A CPI in 2022=105 Country B CPI in 2022=110 In 2021 CPI=100 in both the…

Q: Refer to the following table when answering the following question East and West Fish and Chip…

A: Given information   Fish Chip West 200 100 East 60 20     Labor in west=100 Labor in…

Q: MC ATC 10 20 90 40 50 60 70 80 Refer to the following Exhibit: Quantity If this firm is perfectly…

A: In perfect competition, there exist many firms in the market.

Q: Discuss the three types of business ownership in a market economy. Define and give at least 3…

A: An economy is defined as all activity in a given region that is connected to the production,…

Q: The Nations that are dependent on core countries. O External Areas O Semi-periphery O Periphery

A: Nations that depend on core countries, their main reason for doing that is that they are dependent…

Q: Assume the following model of the economy Y =C+I+G  C = 120 + 0.5 (Y-T) I= 100 -10r G = 50 T=40…

A: IS curve shows aggregate spending which is the sum of consumption, investment, government spending…

Q: The following graph shows the daily market for strawberry pickers in California. Show the effect of…

A: The market supply curve of a commodity can shift as a result of a change in technology, government…

Q: Question C1. Consider the following game played between two players, A and B. The players take it in…

A: Since the question you have posted consists of multiple parts, we will answer the first two parts…

Q: 1. Suppose that the reserve requirement against deposits is 0%, but that cautious banks voluntarily…

A: Banks keeps voluntary reserves of  5% .  Assets for a bank => Loans  , shares /bonds , interbank…

Q: Which of the following is the attribute of a new economy? Privatization of state assets…

A: The term New Economy describes aspects or sectors of an economy that are producing or intensely…