One way in which economists measure the performance of an economy is by looking at a widely used measure of total output called the gross domestic product (GDP) True O False

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A: In competitive markets with freely set prices, competitive equilibrium occurs when profit-maximizing…

Q: The central bank is selling $100 worth of bonds payable in one year. The price it gets today is $98.…

A: Do you understand what the "implied interest rate" is? The implicit interest rate in a commercial…

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A: The aggregate demand changes with change in the government expenditure. Rise in the government…

Q: In what sense is a competitive equilibrium a good or bad thing for a given economy?

A: When talking about competitive equilibrium, it is the situation in the market where many firms…

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A: Given; Cost of cleaning program in year 1= $2bn Cost of cleaning program in following year= $1bn…

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

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A: Monopoly is a market structure characterized with a single seller that has complete market control.…

Q: A firm typically achieves its position as a monopolist as a result of _. (a) the absence of…

A: Long-term earnings are the income generated with the aid of using the enterprise over an extended…

Q: Question 2 Free entry means that Group of answer choices the government pays any entry costs for…

A: Free entry and exit generally exists in the market structure where there is high competition among…

Q: true or false output gap is the difference between actual output and potential output and measures…

A: Potential output: - potential output is the highest level of production of goods and services that…

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A: In a market for loanable funds and securities, a lender receives interest rate and a borrower pays…

Q: When determining changes in the economy's physical output, we use... O a. nominal GDP O b. real…

A: When talking about physical output, it explains the change in the quantity of output from one period…

Q: D6) Which of the following is NOT among the steps of the forecasting process? Forecast condensed…

A: When talking about forecasting process, it can be said that this process is primarily based on…

Q: What is the difference between the balance of trade and balance of payments?

A: Trade: - it means the buying and selling of goods and services.

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A: *Answer:

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A: Trade between China and the West was done within the constraints of the canton system, centered in…

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A: Law of Variable proportion shows that as we increase labour the production initially start to rise…

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A: Aggregate demand is the sum of consumption, investment, government spending and net exports in an…

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A: Primary and secondary are two types of capital and financial markets in an economy that are meant…

Q: TRUE OR FALSE The higher the responsiveness of income to interest rates the higher the expenditure…

A: When talking about expenditure multiplier, it is the economic tools to determine the potential…

Q: what is fisher effect theory and explian is it holds are not in short trem capital markets

A: Fisher's Effect:- The Fisher Effect is a concept proposed by economics expert Irving Fisher to…

Q: What are the factors that characterize the developing countries. Make a summary on the different…

A: The business environment can be explained as the external surrounding of the business that directly…

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A: Production possibilities frontier shows the combinations of two goods that can be produced with the…

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A: * SOLUTION :-    Given that ,    Marginal willingness to pay = demand curve equation : P = 14 -…

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A: Globalization is the rapid movement of people, goods, and services around the world, as well as…

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A: Given; First cost=$200000Devices can be sold for= $15000Upgradation cost= $9000Operating expenses=…

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A: The efficient market hypothesis (EMH) refers to an economic and investing theory that seeks to…

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Q: What are the possible effects of minimum wage increase to the economy?

A: Minimum wage is the lowest wage below which an employee cannot hire workers.

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A:

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A: The difference b/w a company's total revenue and the sum of its explicit and implicit costs is…

Q: How do we determine the doctrine of check and balance by the legislative department?

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A: Given  Number of workers (L) Total Product (TP) 0 0 5 1500 10 4500 15 10500 20 18000…

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A: The cost is divided into two categories that are fixed cost and variable cost. The total fixed cost…

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A: Marginal physical product refers to the change in the level of output due to a change in the level…

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A: Marginal gain is the additional output produced from employing an additional unit of input

Q: The only kind of interest rate that can be used in the interest formulas is: A simple rate A nominal…

A: Simple Interest:- This is a way for estimating the level of interest imposed on an amount over a…

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A: *Answer:

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A: A monopolist always maximizes profits and produces at that point where Marginal Revenue equals…

Q: 12. Given the demand equation Qd = 100 - 10P, and Pe (market price) = 6,The consumer surplus at the…

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A: The vertical supply curve always shows that the labour supply operating in the economy is always…

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A: Portor's s Five Forces is a system for investigating an organization's serious climate. The number…

Q: Question 3 Which of the following is NOT an example of a barrier to entry? Group of answer choices…

A: In a market, barriers to entry refers to the situation when existing firms restrict new firms to…

Q: I don't quite understand how you got 4% because when I did the math I kept get 1%

A: Given, Let's pretend you're betting $5 on a game. Chance of winning = 48%  P(win) = 0.48 P(Lose) =…

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A: Inflation Shock:- An inflationary shock occurs if commodity prices rise unexpectedly (e.g., as a…

Q: a 3.00 0.10 20 Figure 9.6 shows an individual's demand curve for time per month spent…

A: Consumer surplus is the excess of what the consumer expected to pay and what he actually paid for…