In general, the term "ceteris paribus" means Part 2 A. all else equal. B. holding everything else variable. C. unsettled mathematical paradigms.
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- Then there is the micro question of where and how this money should be spent, and this issueessentially concerns factor substitution and opportunity cost. A number of trade-offs are relevant here,and some examples are discussed in the following paragraphs.1. Beds versus equipment. Treatments are much more capital-intensive than they used to be in pastdecades, owing to improved technology. This has the effect of reducing hospital-stay times, and 60per cent of patients are now in and out of hospital in less than a day compared with weeks or monthspreviously.This can reduce the need for beds compared with equipment.2. Drugs versus hospitals. Health authorities may be under pressure to provide expensive drugs, forexample beta interferon for the treatment of multiple sclerosis. This forces unpleasant choices.Morgan, chief executive of the East and North Devon Health Authority, has stated ‘It will beinterferon or keeping a community hospital, I can’t reconcile the two.’3. Administrators…A5 Subject - economics Choices for first blank are No, Yes or UncertainPlease answer in detail according to the picture. Find µ*. What is its interpretation? Find əc/əy and show that it is equal to µ*. How does ə2c/əy2 depend on (α+β)?
- One of these is NOT TRUE about Cost-utility analysis: a. It measures outcomes in Quality Adjusted Life Years (QALY), and Disability Adjusted Life Years (DALYs) b. Cost is measured in monetary units c. The limitation of this analysis is that it is difficult to compare the interventions with differing natural effects d. It is used to make policy level decisions_____1. It is the wise use of money and time a) Economics c) Goods and services b) Probability d) None of the above _____2. It is the analysis and evaluation of monetary consequences by using the theories and principles of economics to engineering applications, designs and projects. a) Economics c) Goods and services b) Engineering Economy d) None of the above _____3. It is defined as any tangible economic product (soap, car, shirts, tools, machines, etc) that contributes directly or indirectly to the satisfaction of human wants. a) Goods or commodity c) Goods and services b) Engineering Economy d) None of the above _____4. Are those products or services that are directly used by people to satisfy their wants. a) Goods or commodity c) Consumers Goods and services b) Engineering Economy d) None of the above _____5. It also satisfy human wants but indirectly in as much as, they are used to produce the consumer goods and services a) Producer goods and services c) Consumers Goods and…4 Discuss(in detail:step by step) the cantillon effect. What was so notable about this and ehat did he ultimately conclude? Explain need done asap please, thank you!
- Essentials of economics: 5. For fiscal year 2011, President Obama proposed to increase military spending by $30 billion. What is the opportunity cost of that spending? Is it worth it? Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.Decide the best choice. a. The inndividual waiting times experienced by customers in a busy breakfast cafe would be an example of a deterministic process because several customers are waiting to be seated. b. Informmation Systems and Informmation Technology are identical and synonyms that mean the exact same thing. c. In 2019, both manuffacturing and service sectors employed roughly the same percentage of the labor force in USA. d. Today, services constitute a large percentage (e.g., more than 60%) of the U.S. economy. e. Both choices ‘a’ and ‘b’ are correct.Chose the trrue statement. a. Sincce the mid 1800ss , Unitedd States of America has experienced substantial migration in workforce in the following order: From service sector to agriculture, and then from agriculture to manufacturing. b. Moderniization or advances in technology, and smarrter processes are example factors that have increased manufacturing productivity in the US. c. The Clarrk-Fisher hypothhesis implies that as productivity increases in one sector, the labor force moves to another sector. d. b and c are true.
- please only do: if you can teach explain steps of how to solve each part what is the optimizatio formula that was use for foc? please solve each partVarious theories stress finance role in the stages of value cycle: 1. distribution stage2. production stage3. consumption stage4. exchange stageA) 1 and 2 onlyB) 1 and 3 onlyC) 1 and 4 onlyD) 1,3 amd 4 onlyIn some ways the state of the world economy is less hostile today than when (then) finance minister Tito Mboweni read his Budget Speech a year ago. Global economic growth rebounded significantly in 2021, after the decimation brought about by the Covid-19 induced recession in 2020.One of the outcomes of this was a sharp recovery in commodity prices, which has resulted in much higher-than-expected mining tax revenue in South Africa. This, in turn, has provided some welcome – albeit limited – breathing space on the fiscal front.The local economy is thought to have grown by more than 4.5 percent in 2021 – the highest annual increase in more than a decade. On balance, the finance minister should be able to meet spending demands (including the extension of the Sassa payments) for the year ahead, without widening the Budget deficit or resorting to punitive upwards adjustments to tax rates.” Define fiscal policy Describe the role of the budget in fiscal policy. Discuss how the policy…