Question 26 The one variable that stands out as the most significant explanation of large variations in livin standards around the world is O productivity O preferences O population O prices
Q: What is the difference between the CMS-1500 form and UB-04 form? Why is it important to complete the...
A: There are notable differences between both the forms and it is also important that these forms are c...
Q: A newspaper reports that in the last 5 years, prices have increased a total of 50%. This is equivale...
A: Given the time = 5 years Price increased to = 50%
Q: Based on the question below Please provide altealst 3 claims in support (Pros) of the argument Fre...
A: When countries can import and export commodities without tariffs or limitations, this is known as fr...
Q: Comparing the slope of the budget line (Opportunity Cost of Good Y) with the slope of the Indifferen...
A: opportunity cost means the worth of the following most elevated esteemed elective utilization of res...
Q: The BLS survey found the numbers in the table for a small community. Category Number Calculate the u...
A: Here, the given table provides information about the total number of people in the community and the...
Q: Consider an economy described by the following: C = $3 trillion 1 = $1.3 trillion G = $3.5 trillion ...
A: The correct answer is given in the second step.
Q: Which of the following arguments is truth? a. Ali is a banker. All bankers are rich. Therefore, Ali ...
A: a. Ali is a banker. All bankers are rich. Therefore, Ali is rich. b. All dogs are mortal. Lucy is m...
Q: Consider the following open economy model: C = CO + cYD YD= Y I= I0. br NX = No - n¡Y + n2Yf + n3R M...
A: since you have asked multiple questions and according to policy we can solve only 1 question and for...
Q: Hershey Park sells tickets at the gate and at local municipal offices to two groups of people. Suppo...
A: The demand function shows the relationship between the quantity demanded for a commodity and its var...
Q: Suppose that the inflation rate in country A is 5% and keeps this value. Using the rule of thumb way...
A: Given inflation rate in Country A = 5 % Rule of 70 = 70 / inflation rate
Q: Explain why the red curve is an incorrect representation of a long-run average cost curve. Note: the...
A: The average cost is the called the per unit cost of production. The AC = TC/Q. The long run Average ...
Q: Maren F. works at a restaurant. She earned a salary of $50,000 in 2005 and $70,000 in 2022. The cons...
A: CPI is the measure that shows change in cost of market basket of goods and services
Q: Comparing the slope of the budget line (Opportunity Cost of Good Y) with the slope of the Indifferen...
A: Below is the edited graph:
Q: Suppose in a perfectly competitive market with demand and supply as follows: 100 D(q) = %3D S(q) = J...
A:
Q: Output quantity Total variable cost Total cost 0 $0 $250 25 450 50 300 X 75 375 100 600 850 125 ...
A: Total cost is the sum of fixed cost and variable cost. Fixed cost remains constant and does not depe...
Q: Profits generated by a Machine Prime Inc. were 100 M for the first year and increased by 10 M each y...
A: Given:- Machine Prime Inc generate profit of 100M for first year and increase by 10M each year. Rate...
Q: A certain business guarantees an earnings of 25,000 every month and a final addition earning of 85,0...
A: The final worth can be calculated by adding the amount of 85000 with the amount that is received whe...
Q: Refer to the figure below. What can we conclude from this figure? Graph of Per Unit Costs What is im...
A: The creation of additional output due to the result of additional input being placed into the compan...
Q: Comparative Advantage Activity Name • Terry and Casey are roommates in an apartment. • You want to d...
A: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-parts at a...
Q: 10 9 IC, 8 IC, 10 12 Good Y The utility a person gets from consuming an additional unit of Good Y at...
A: An indifference curve shows the various combinations of two goods that give the consumer equal utili...
Q: ow many years are required for 1,000 to increase to 2,000 if invested at 9% per year: (a) compounded...
A: We have Future value F=2000 Present value P=1000 r=9% “Since you have posted a question with multi...
Q: A manufacturer, who produces medicine bottles, finds that 0.1% of the bottles are defective. The bot...
A:
Q: Set-E8. A newspaper reports that in the last 5 years, prices have increased a total of 80%. This is ...
A: Let the annual inflation rate = r 80% increase in value means 1.8 time of original value. That means...
Q: what factors affect the equilibrium exchange rate in the foreign exchange market? use the appropriat...
A: A foreign exchange market is the market where one country's currency is exchanged for another currec...
Q: If workers look around and see prices rising more quickly than they had planned for, what is the lik...
A: Pay adjusted for inflation, or wages expressed in terms of the number of goods and services that can...
Q: Define: 1. Contemporary World 2. Globalization
A: CONTEMPORARY WORLD The contemporary world is an ever changing mix of social and politica...
Q: phone-making company operates a plant in City A where labor is more expensive as compared to capital...
A: A. Isocost line represent the input required to produce same level of output. Here the isocost line ...
Q: Explain the two main causes of market failure (externality and market power) and give an example of ...
A: market failure is a situation in which the allocation of goods and services by a free market is not ...
Q: PakMonoG’s inverse demand function is P = 100 – 2Q and cost function is TC = 10 + 2Q, where Q is qu...
A: Given; Demand function; P=100-2Q Cost function; TC=10+2Q where; Q= quantity in units P= price in PKR
Q: Antonio Sy started working for the ABC Corporation on his 25th Birthday. Each month P30 was withheld...
A: First, we find the future equivalent value of the annual payments (P60) that are being made each yea...
Q: If Japan has low inflation and the Philippines has high inflation, what will happen to the exchange ...
A: In the international market, the value of currencies are highly influenced by the inflation rate in ...
Q: Table 6.1 Number of Total Utility Marginal Utility Hamburgers per Day 30 2 52 67 4. 76 4. Number of ...
A: Meaning of Utility Function: The term utility function refers to the total utility for a consumer ...
Q: Carefully explain the major differences between the Keynes and Fisher models of consumption
A: Many economists have their own viewpoint regarding the consumption Model, it explain the way of cons...
Q: 2. The above figure shows the payoff matrix for two firms. A chemical firm must choose between a low...
A: A game is an abstract model of a strategic situation in which players make a strategic decision. Str...
Q: Utility Function MU, MU, MRSxy 2x0.2y0.8 /25xy
A: Marginal utility of good X is calculated by differentiating the utility function with respect to X. ...
Q: Eva and Ethan love attending sports events, especially when they go together. However, Eva prefers w...
A: Payoff matrix: The term Payoff matrix refers to the visual representation of the possible outcomes o...
Q: a. Johnson's pig farm faces a demand curve given by Q = 40 - 2P and has a constant marginal and aver...
A: Total revenue is the product of price and quantity. Marginal revenue is the increase in total revenu...
Q: Han Qing-Jao is exporting from Taiwan to the United States for the first time and she is concerned a...
A: In international trade, there exists the currency risk. It refers to the change in the exchange rate...
Q: accounts. How much will Mr. Jones have in his savings account in thirteen years if $50,000 is put in...
A:
Q: A stenographer claims that she can take dictation at the rate of 120 words per minute. Can we reject...
A:
Q: Star Inc. is a firm selling its product in a perfectly competitive market. The market price is $10. ...
A: A perfectly competitive firm is a price taker as there are large number of firms selling identical g...
Q: Imagine that there are two snowboard manufacturers (FatSki and WideBoard) in the market. Each firm c...
A: Disclaimer: Since you have posted a multi-part question, I am providing you with the answers to the ...
Q: What type of bond is issued by state and local governments? Is there any risk that state and local ...
A: An investor issues a bond to a borrower, such as a company or the government.The funds are used to s...
Q: When examining the costs faced by a business, explain how economists distinguish between the short r...
A: First part The contrast between the short and long runs is critical in economics. It turns out that ...
Q: A firm faces the following demand schedule. Use it to answer the next three question Price Quantity ...
A: Total revenue is the full amount of total sales of good and services. total revenue is calculated by...
Q: A company manufactures and sells x cellphones per week. The weekly price-demand and cost equations a...
A:
Q: Which of the follow is the best example of a good or service sold by firms operating in an oligopoly...
A: Oligopoly means where there are very few sellers in the market. And perfect competition means that m...
Q: Comparing the slope of the budget line (Opportunity Cost or relative price of Good Y) with the slope...
A: In economics, the marginal rate of substitution (MRS) is the quantity of one good that a customer is...
Q: 5. What best describes the optimal choice with ivision of time? a. Sleep the bare minimum, and spend...
A: 15. The optimal choice with the division of time is e. Sleep more than the bear minimum, and spend s...
Q: an the government make things worse by intervening in markets? Are there other options outside the m...
A: Market interventions are measures that change or impede the market, normally done by state-run admin...
26
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- OS consumer goods in terms of capital goods in Figure below?Find out NDP from given data. GNP = 1000 Net factor income from abroad = -100 Net indirect of fixed capital = 200 Consumption of fixed capital = 20Consider the production productivity matrix of two goods from the US and India: United States of America India Labor force 200 800 Labor per unit corn 8 50 Labor per unit automobile 10 40 1. How many units of corn will the US produce should it exhaust all its labor force to produce corns? Group of answer choices 20 16 25 Not enough data 2. How many units of corn will India produce should it exhaust 3/4s of its labor force to produce corns? Group of answer choices 20 16 25 12 3. Between the USA and India, which country has a comparative advantage in the production of automobiles? Group of answer choices India USA None of the countries Not enough data 4. How many units of automobiles will the US produce should it exhaust half of its labor force to produce automobiles? Group of answer choices 20 10 25 Not enough data 5. How many units of automobiles will India produce should it exhaust all its labor force to produce automobiles? Group of answer…
- using formula sheet only no excela. Considering the determinants of productivity, list and explain some things thatwould tend to prohibit or limit a poor country’s ability to catch up with rich ones.b. Economist believe there is a strong correlation between productivity and the standard ofliving? Discuss.[HINT: In your answer be sure to explain what productivity and standard of living mean.Make a list of things that determine labour productivity and explain how each of them havean impact on the standard of living.]No written by hand solution The table below shows national data for the economy of Westfall. Round your intermediate calculations to one decimal place. Enter your responses rounded to one decimal place with the exception of Real GDP per capita that can be entered as a whole number. a. Fill in the blanks in the table below. 201820192020Nominal GDP (in billions)$650$730$ GDP deflator (2010 = 100)112 121Real GDP (in billions)$ $617$ Population (in millions)44 45Real GDP per capita$ $13,854$14,349 b. The inflation rate in 2019 is %. c. The growth rate of real GDP per capita in the year 2020 is %.
- INSTRUCTION Given the following data for the year 2020, compute for the: Birth rate Death rate Maternal mortality rate Fertility rate Infant mortality rate GIVEN: Live births = 300 infants Still births = 5 infants Deaths before 1 month old= 15 infants Women in their reproductive age = 2,000 women Total Population = 10,000 people Deaths = 100 people (across all age groups)Discuss wether all firms in a country will welcome a change in people’s income. MUST use examples, please and thank you!Refer back to the Work It Out about Comparing the Economies of Two Countries and examine the data for the two countries you chose. How are they similar? How are they different?
- Education seems to be important for human capital deepening. As people become better educated and more knowledgeable, are there limits to how much additional benefit more education can provide? Why or why not?Cross country comparisons of GDP per capita typically use purchasing power parity equivalent exchange rates, which are a measure of the long run equilibrium value of an exchange rate. In fact, we used PPP equivalent exchange rates in this module. Why could using market exchange rates, which sometimes change dramatically in a short period of time, be misleading?Say that the average worker in the U.S. economy is eight times as productive as an average worker in Mexico. If the productivity of U.S. workers grows at 2 for 25 years and the productivity of Mexicos workers grows at 6 for 25 years, which country will have higher worker productivity at that point?