QUESTION 1 All of the following are categories of economic resources except: O Land O Interest rate O Entrepreneurship O All of the above are economic resources
Q: Consider an individual with Bernoulli utility function given by u (w) = √w If this individual faces…
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Q: Suppose the nominal exchange rate between Russian rubles and US dollars is given as e=75 rubles. If…
A: The real exchange rate is the rate between two currencies where nominal rate is adjusted with the…
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A: Many academicians and researchers have raised their concerns about the role of globalization in the…
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Q: Is that real GDP is 280 and the price index is 110 calculate the nominal GDP?
A: Real Gross domestic product is known to be as the value which is actually given in a constant prices…
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A: Answer to the question is as follows:
Q: 9. What is the Average Total Cost at Q=6? a) 7.50 b) 12 c) 20 d) 25 e) 45 f) 100 g) 120 Oh) 160
A: Introduction Total cost is the function of output. Total cost is the addition of total fixed cost…
Q: What is pump-priming?
A: Pump Priming is an economic term which is associated with the government actions.
Q: Which of the following statements would most likely be made by someone following New Classical…
A: The new classical economists do not favor any active intervention in economic activities. They are…
Q: f the economy exhibited an inflationary gap, the government should follow a(n) olicy, which would…
A: Inflationary gap occurs where the aggregate demand exceeds the level of output. Government has to…
Q: firm can purchase a centrifugal separator (5-year MACRS property) for $22,000. The estimated…
A: Given data, Investment 22000 Life 6 years Salvage value 4000 Tax rate 24% MARR 11%
Q: 32
A: In a market, products and services are consumed by the households and households sometimes…
Q: The difference between economic profit and accounting profit is that economic profit is calculated…
A: Economic profit is reffered as the total revenue of the firm (from sales) minus the costs of all…
Q: Demand: Qd= 2,600 - 5P Supply: Qs= 1000 + 10P What would be the amount of shortage if a price…
A: Surplus occurs where supply is greater than the demand. Shortage occurs where the supply is less…
Q: Suppose that legalizing the use of heroin would decrease its price by 79 percent. If the price…
A: Price elasticity of demand refers that it shows the change in demand due to change in price , if the…
Q: Q3. c) Country C announces that there are 20.4 M adults employed and 2.2M unemployed. The population…
A: Labor Force is the sum total of both employed and unemployed people in the economy. Unemployment…
Q: Tom's Family Photos is a photographic portrait business in a perfectly competitive market in Fargo.…
A: Perfect competition market is the market where large firms sell the homogenous product to the large…
Q: A duopoly occurs when A. two producers of a particular good compete in the same market B. one…
A: A market is defined as one which allows buyers and sellers to interact with each other and strike a…
Q: F 4. Given the following information on books and cars, graph the production possibility curve.…
A: Production possibility frontier or a PPF is typically a convex shaped curve which represents various…
Q: Expected Interest Rate The real risk-free rate is 2.1%. Inflation is expected to be 2.35% this year,…
A: Interest rate is the amount charged over and above the principal amount by the lender from the…
Q: Consider that the quantity of Milk A sold will increase by 50%, the sales revenue of Milk A will…
A: In the mentioned question we have been asked to calculate the price of Milk A of april when there is…
Q: 33. If goods X and Y are COMPLEMENTS, the which of the following could be the value of cross price…
A: Complementary goods: It is good, which is utilized when related to another great or administration.…
Q: Question 1 Consider an economy with two goods t = 1,2. Whenever an individual consumes ₁ units of…
A: As given utility function is u(x1,x2) = αlnx1 +lnx2 Where α>0
Q: 20. The money creation process Suppose First Main Street Bank, Second Republic Bank, and Third…
A: The deposit of $1,500,000 increases liability of the bank and at the same time the total deposited…
Q: A country should specialize in the production of the good in which it has the lowest opportunity…
A: "Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: Two mutually exclusive alternatives have the estimates shown below. Use annual worth analysis to…
A: The comparable uniform annual worth of all anticipated receipts (income) and disbursements (costs)…
Q: Jackets while DeBeers sells diamonds. B. Cindy loves chocolate flavored ice cream. OC. Columbia…
A: Economists find outs 4 types of market: (1) perfect competition, (2) pure monopoly, (3) monopolistic…
Q: Pick an answer Demand for good X is perfectly elastic. Currently, the price of good X is $5 and…
A: Elasticity is the concept used by economists to measure the responsiveness of supply/demand to…
Q: Consider the situation from the last question, where the Federal Reserve does money policy to…
A: When Federal Reserve uses monetary policy to stimulate the economy, it uses expansionary monetary…
Q: Susan is a single mother with three children. She can earn $8 per hour and works up to 2,000 hours…
A: The table is divided into three columns, with the first column listing Susan's annual work hours,…
Q: Consider the balance-of-payments accounting information for Lalaland in 2010 as shown in the table…
A: The balance of payments tracks global exchanges. At the point when assets go into a country, a…
Q: and
A: a) Because it encourages individuals to work more in order to earn more money, income disparity may…
Q: re the current federal funds rate ar Federal Reserve Bank? How do the two ra these rates affect…
A: The central bank chiefs, who are answerable for laying out the rebate rate at their separate banks,…
Q: Please answer all three questions: Use the demand schedule below to answer the questions. Round…
A: Demand Refers to the quantity that a consumer wishes to buy at given price in a given period of…
Q: In the dynamic model of AD-AS in the diagram to the right, if the economy is at point A in year 1…
A: In AD/ AS graph, a rightward shift or increase in Aggregate demand will make output to rise along…
Q: A bond you are evaluating has a 10 percent coupon rate (compounded semiannually), a $ 1,000 face…
A: Given Bond face value = 1000 $ Time = 10 years Coupon rate = 10 % compounded semi annually Semi…
Q: Explain. Incorrect as well In an imperfect market, individual firms: a. are always able to…
A: In business and economics, a market is defined as where the sellers and consumers meet to facilitate…
Q: T5
A: In an economy, when any of the economic policy is implemented to deal with market condition, there…
Q: The distinguishing features of oligopoly are *** O A. a small number of interdependent firms with no…
A: Introduction Oligopoly has some special characteristics found which are not present in other market…
Q: Hegemonic stability theory O is a realist theory. O has become of less interest to most IR scholars.…
A: Hegemonic stability theory is a theory focused on international relations. It indicates that the…
Q: 6) A company is considering the purchase of a new automated assembly machine to increase its…
A: The initial cost of the machine = $480,000. Expected to increase the company's annual revenue by =…
Q: A man borrowed P 100,000 and promised to pay after 5 months at an interest of 8% compounded monthly…
A: I = P(1+ R12)m - P Where I : the compund interestP : The principle amountR : Compound interest rate…
Q: Indicate what components of GDP (if any) each of the following transactions would affect. Check all…
A: In the mentioned question we have to categorize each transaction in such a manner that we can…
Q: The African Union has proposed the creation of a Continental Free Trade Area which will create a…
A: The African Continental Free Trade Region (AFCFTA) accord, which unites 1.3 billion people from 55…
Q: 9 35 30 25 20 15 10 5 O O 2 3 Quantity (Vats of juice) 10 5 6 Marginal Cost Average Variable Cost…
A: The Average Cost is the per unit cost of production acquired by separating the total cost (TC) by…
Q: Currently, your unit labor cost is $9.40 and you have an automation rating of 4. You change the…
A: Given the following information: *Unit labor cost at present =$9.40*Automation rating increases from…
Q: Why are the MC and MP inversely related to one another? While it is because as one increases, the…
A: Introduction Marginal cost is the change in total cost caused by producing one more unit of output.…
Q: or the utility function (x^3)(z^2)Provide a positive linear transformation of the utility function,…
A: We are going to use log method to answer this question.
Q: The market demand for the output is P = 80 – Q, where Q is the output level and P is the price per…
A: Labour market is in equilibrium where demand for labor and supply for labour are equal to each other…
Q: 5 The following are the products and prices of a hypothetical economy: Quantities Produced…
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- The economy of Zambia has two sectors, agriculture and industry. Consumers are the end users ofthe final output. The agriculture sector produces maize worth K16000 and milk worth K16000.Maize worth K4000 as well as milk worth K6000 is sold to consumers for direct consumption, andmaize worth K12000 and milk worth K10000 is sold to the industry as intermediate inputs in theproduction of mealie meal and butter respectively. The industry uses this maize to produce mealiemeal worth K32000 and uses milk to produce butter worth K18000 which are sold to consumersfor final consumption. In addition, the agriculture sector pays wages worth K20000, rent worthK4000 and earns profit equal to K8000. The industry sector pays wages worth K16000, rent worthK6000 and earns a profit of K6000.a) Calculate GDP for the above economy using the three approaches: product approach, incomeapproach, and expenditure approach.b) Peter was bragging to his wife that his country, Zambia, is doing better than his wife’s…The economy of Zambia has two sectors, agriculture and industry. Consumers are the end users ofthe final output. The agriculture sector produces maize worth K16000 and milk worth K16000.Maize worth K4000 as well as milk worth K6000 is sold to consumers for direct consumption, andmaize worth K12000 and milk worth K10000 is sold to the industry as intermediate inputs in theproduction of mealie meal and butter respectively. The industry uses this maize to produce mealiemeal worth K32000 and uses milk to produce butter worth K18000 which are sold to consumersfor final consumption. In addition, the agriculture sector pays wages worth K20000, rent worthK4000 and earns profit equal to K8000. The industry sector pays wages worth K16000, rent worthK6000 and earns a profit of K6000.a) Calculate GDP for the above economy using the three approaches: product approach, income approach, and expenditure approach. b) Peter was bragging to his wife that his country, Zambia, is doing better than his…Please help with question 20 and the reasoning on why it is $625
- Please write a brief dissertation (200 - 400 words) stating your opinion on Thomas Piketty's proposals. He proposes the implementation of a global progressive tax on capital to mitigate wealth inequality.Question 2You have been employed as the chief economist for the economy UWI Land. The head statistician has provided you with the following information:Compensation of Employees900Corporate profits 400Factor income paid to the world 325Factor Income received from the world170Indirect taxes 775Subsidies 125Depreciation 120Consumption of goods 850Net interest 75Rent Income 125Consumption of services 475Residential investments 350Non-residential investments525Government Expenditure 925Imports 700Exports 300Proprietor’s income 300Calculate UWI Land’s GDP using the Income and Expenditure ApproachDefine (1) Economic Stocks and (2) Economic Flows.
- Concerned that the Syrian civil war was going to wipe out thousands of varieties of wheat, barley, and chickpeas, scientists collected them and stored them in a _______ in ________, which is a form of ________. university, Svaalbard, in situ conservation seed bank, Damascus, post-harvest conservation seed bank, Svaalbard, ex situ conservation biotech lab, United States, participatory breeding Which of the following statements are true about the relationship between smallholders and land tenure? Globally, land tenure among men and women smallholders is essentially equal Most smallholders are secure in accessing their land because most have private property titles The lack of security of their land tenure means that many smallholders are reluctant to invest in the land on which they farm Smallholders are not vulnerable to insecure land access A female smallholder farmer in Tanzania files…Define the term Net Present Worth-Uneven Flows?I5 The world’s R/P ratio for oil has been approximately 50 years for the last two decades. Explain what this means and how it is possible that the R/P value has not significantly decreased despite continual production of the resource over the last two decades.
- What are land use theories1. Describe what T’Challa thinks Wakanda’s relationship with the outside world should be. DescProvide detailed answer to each of the followinga) Various skills required by entrepreneurs with proper examples for each from thescenario of Pakistanb) Various risks associated with entrepreneurship with proper examples for eachfrom the scenario of Pakistanc) Various characteristics of any two forms/ types of entrepreneurshipd) Advantages of entrepreneurshipe) Discuss contribution of any two leading technopreneurs with the significance oftheir entrepreneurship
