Question 45 of 50 The collapse of the U.S. economy demonstrated that: capitalism was losing ground to Marxist communism. the United States was not a world power. the economies of the world are connected. prosperity was not possible in peacetime.
Q: ominal ($m) Real ($m) 2013 145 130 2014 150 128 Which of the following must be true? Select one:…
A: Nominal expenditure is not adjusted for inflation while the real expenditure is adjusted for…
Q: 24. Let i be the rate of inflation and r the nominal interest rate. (We used pi to denote the rate…
A: Here, correct option for real interest rate is required to find out.
Q: 1. Let F(K, AN) denote a production function that satisfies constant returns to scale. For an…
A: Given production function Y=f(K,AN) Labor augmented production function Y--- output K--- capital…
Q: If a policy change in policy causes an economy to move a non-Pareto optimal situation to a Pareto…
A: Pareto efficiency, also known as Pareto optimality, is a situation in which resources cannot be…
Q: $1,900 D $1,000; $1,000 $1,200: $1,000 $1,000; $1,200 $1,000 $1,800 g the data given in the table…
A: WHAT IS GDP DEFLATOR? GDP Deflator is also called as GDP Price Deflator or Implicit Price Deflator.…
Q: The following shows different technologies for producing 100 metres of cloth. Technology Number…
A: The process that is known to depict a combination of various inputs that are material and immaterial…
Q: After seven years of negotiations, 12 countries—including the United States, Japan, Vietnam, and…
A: A tariff is a sort of tax that a nation imposes at the border on an imported commodity. In the past,…
Q: Explain the type of policies a central bank can implement to raise the interest rate
A: The goal of the monetary policy of the central bank is to control the amount of money in the…
Q: Assume the likelihood that any flight on Delta Airlines arrives within 15 minutes of the scheduled…
A:
Q: BestDeal.com and CrazySavings.com are two online retailers with free return policies. They sell the…
A: Equilibrium price is the point where both supply and demand curve intersect each other.
Q: A. What is meant by asymmetric information?
A: Since you have asked multiple question, we will answer first question for you. If you want any…
Q: 012. Market equilibrium may not be achieved if there is A) only price ceiling. B) only price floor.…
A: In economics, market equilibrium is what is going on in which financial powers, for example, organic…
Q: Which of the following is true? a. Arrow’s Impossibility Theorem states that There is no voting…
A: May's Theorem:- According to May's theorem in decision theory, the only anonymized, unbiased, and…
Q: Q1. Suppose player A and player B are playing the following game. Player A can choose "Up" and…
A: As per student request I will provide answer of Question number-1 in below.
Q: Which of the following statements is correct? Deadweight loss is: Select one: O a. Borne entirely…
A: Dead Weight Loss is the result of market inefficiency which occurs due to imbalance in the demand…
Q: Illustrate and discuss how a change in the price of a commodity can generate income and…
A: Substitution effect:- The substitution effect is the decline in a product's sales which results from…
Q: A ON JENN 28 24 20 16 12 0 P D1 S D2 048 8 12 16 20 24 Q a) substitutes. b) complements. c) inferior…
A: Market demand for a commodity can change as a result of a change in consumers income, their tastes…
Q: Item Aggregate Output (Y) Government Expenditure (G) Investment (1) Consumption (C) Billions of…
A: Aggregate Output: Y = BD 1300 Investment: I = BD 300 Consumption: C = BD 600 Government expenditure:…
Q: A movement along the demand curve for dry mangoes would result from: Select one: O a.…
A: "A demand curve of a product is a downward sloping curve which shows an inverse relationship between…
Q: This question requires that you use the law of motion of capital, the production function, and the…
A: The Solow Model of economic growth or the neo classical model of growth This model is also known as…
Q: What is the federal funds rate? What problems does the FED encounter when trying to control the…
A: In the United States, Fed makes monetary policy and influence the monetary system by making changes…
Q: You are considering two portfolios. Portfolio A has an expected return of 15% and a standard…
A: A portfolio's certainty equivalent is the rate of return on a risk-free investment at which prudent…
Q: Demand curves slope downward because slope downward.
A: Old customers often tend to buy more products than usual when the price of the goods decreases,…
Q: 10. Lawrence has just won $6,250 from the 50/50 at the Sea Dog's game and decides to invest all of…
A: Given that, Principal = $6250 Interest = 6.5% Interest = $1480 (Compounded or Simple Interest) Time…
Q: 3. ACME's pharmaceutical company considers developing a new vaccine whose demand (in thousands) the…
A: Market Demand : D(p) = (N + 2 )(100- p ) Where , N = 7 & Let quantity demanded be Q So , Q =…
Q: E4 In the fall of 2021, the United States enacted a $1.2 trillion infrastructure bill that provided…
A: In the aggregate demand-aggregate supply model, the equilibrium occurs where the aggregate supply…
Q: Quantity Demanded (units) Price (dollars per unit) 250 200 40 150 80 100 120 50 160 200 Refer to the…
A: A consumer surplus occurs when customers pay less for a commodity or service than they are willing…
Q: Take into account an H-O economy where there are two factors (US and France), two items (wine and…
A: The Heckscher-Ohlin (H-O; sometimes known as the factor proportions) model is one of the most…
Q: Consider the production function Y=√K√N, where Y is output, K is capital, and N is the number of…
A: The Production function shows the relationship between the output and inputs. The changes in the…
Q: 4. A retail outlet is being designed in a mall in Baguio. For this outlet, the installed fiberglass…
A: The present value of a payment F in the future is given as: P = F(1 + R)tWhere: P : Present valueF:…
Q: 'Credit creation is inversely related to the reserve deposit ratio' Justify the given statement…
A: Commercial banks are able to make loans in the form of fresh deposits through a process known as…
Q: Please define the factors affecting the duration of planning period of the economic institute
A: Economic planning can be defined as the process where the central government makes the important…
Q: In general, How to recover from the Great Depression?
A: Depression is a severe and prolonged reduction in economic activity in an economy. A depression is…
Q: If the unemployment rate is falling from 4 to 3%, while the inflation rate is increasi from 2% to…
A: Both the higher unemployment rate and the lower unemployment rate are the macroeconomic problems.…
Q: Consider the AD-AS model discussed during the lectures. Assume that the aggregate demand curve is…
A: Fiscal Policy is defined as a policy which emphasizes on the use of government spending or implement…
Q: Suppose that the hourly wages in 1960 and 2002 were respectively 7.21 and 8.65 dollars per hour. If…
A: Hourly wage in 1960 = $7.21 Hourly wage in 2002 = $8.65 CPI 1960 = 100 CPI 2002 = 71
Q: 24 20 16 12 8 4 0 048 12 16 20 S Od) be zero 24 Q 19. Considering only Demand, if the price is…
A: Price times quantity gives the total revenue from a commodity.
Q: QUESTION 2 1. You need $30,000 to buy a new Air-Con for your house in 4 years. What value you must…
A: The value of your savings will increase over time, reducing the amount you need to set aside each…
Q: With an initial wealth of $160,000, a consumer who abides by the von Neumann-Morgenstern axioms…
A: A utility function or activity is a representation that defines individual preferences for goods or…
Q: [Q: 11-9520945] Suppose a single-price monopolist faces an inverse demand curve given as P(Q)=110-6Q…
A: Monopolist is the single seller in monopoly market and sell the product to large numbers of buyers.…
Q: A positive monotonic transformation of a utility function preserves a. diminishing marginal…
A: A monotonic transformation of a utility function is a transformation in which. the ranking of the…
Q: United States status with the Lewis Kingdom Renew MFN status with the Lewis Kingdom U.S. trade value…
A: When UK plays the strategy "impose trade restrictions on US" then US have the following strategies…
Q: consumers view 100 quires of paper (each quire contains 25 sheets) and a bale of paper (each bale…
A: Given that the consumer has two different commodities: a bale of paper and 100 quires.
Q: assistants (that is, the wage received by workers minus any taxes collected from the workers).…
A: The supply and demand for labour, wherein employees give the supply and employers provide the…
Q: What are the benefits and costs associated with foreign portfolio investment (FPI)?
A: Investments refer to the process of people or firms using some saved up money for further production…
Q: If Boblandia had a flexible exchange rate, it would cost 10 Bobos to purchase a Canadian dollar. The…
A: If a country wants its currency to depreciate it buys more of the foreign currency. If a country…
Q: You are told that the market price of coffee has increased and more coffee is being purchased in the…
A: Demand is the quantity of an item or service that consumers buy at various prices during a specific…
Q: 3) There are 4 people in the market and 5 potential outcomes as shown in the table below: Outcomes…
A: Pareto improvement: It refers to the improvement in a system where changes in the distribution of…
Q: Interest rate on dollar deposits = Dollar rate of return on dollar deposits Interest rate on dollar…
A: Interest rate parity condition is a state where investors cannot take advantage of differences in…
Q: If Boblandia had a flexible (floating) exchange rate, it would cost 5 Bobos to purchase a Canadian…
A: Exchange rate is the rate at which two nation currencies are exchanged and which is determined by…
Step by step
Solved in 3 steps
- MULTIPLE CHOICE (identify the one best answer and provide explanations): Consider an economy inwhich each worker has one machine and one unit of natural resources. Assume these inputs are fixed,and so is the worker’s human capital. But there has been an improvement in technology. We can surelyconclude that productivity has increased if:a. the amount of goods and services produced from each hour of the worker’s time increases.b. the amount of goods and services produced by the worker increases relative to a worker inanother country.c. if the amount of goods and services produced by the worker in a given year increases.d. all of the above.e. none of the aboveWho are mercantilists? What policies did they advocate and did the expect thes policies to be achieved? Explain the problem associeted with their policies. What is the ralationship between these policies and absolute advantage? Do you believe that these paolicies are currently being practiced and which country and how?Suppose the hypothetical economy produces only car and oil using its available resources and existing technology. CombinationsUnitsProduction alternatives ABCDE OilKgs8006004002000 CarNumber0500100015002000 Using the above information, Draw the production possibility frontier/ curve of a nation.If the economy is initially operating at point C, then calculate the opportunity cost producing one more unit of car. What changes are required for the economy to shift PPF either outward or inward?
- If countries specialize according to their absolute advantage then the Ricardian model statesthata. the. trade is beneficial for all trade partners.b. trade is a stupid idea anyway.c.it is ambiguous whether trade is beneficial for all trade partners.d. trade is only beneficial for those who have absolute advantage as wellsuppose you ar etrying to determine the aftereffects of hurricane Katrina on the economy of Louisiana. Which assumptions could be made to simplify the study? Note that not all statements may be placed. 1. consider the effects on all of Louisiana's interstate trade partnters 2. focus on just the crawfish-and catfish-farming industries in Louisiana 3. determin the effects while holding the infrastructure and factors of production constant 4. track the total net worth of the output produced by the state prior to the hurrican and after the hurricane 5. compare the change in prices for all goodsCan you think of ways that globalization has helped you economically? Can you think of ways that it has not?
- During the Second World War, Germanys factories were decimated. It also suffered many human casualties, both soldiers and civilians. How did the war affect Germanys production possibilities curve?Do economists have any particular expertise at making normative arguments? In other words, they have expertise at making positive statements (i.e., what will happen) about some economic policy, for example, but do they have special expertise to judge whether or not the policy should be undertaken?Can you confirm that I am correct with these positive and normative statements: Positive statement: When oil production slows in Texas, employment and tax revenues decline, and budget cuts at the state and local levels often follow. (Craymer has estimated that the state loses $85 million per year for every $1 decrease in oil prices.) Normative statement:If Russia agrees to production cuts and COVID-19 goes dormant in the hot summer months, as some experts expect, Texas’ coffers will have time to recover before lawmakers convene in 2021 to write a new budget. Or would this be a normative statement:Experts said Texas is better positioned to handle an oil price collapse today thanks to a diversified economy. The last collapse in oil prices, in 2014, also forced the industry to cut costs and otherwise become more efficient. But University of Texas at Austin energy resources professor Michael Webber said COVID-19 throws an unprecedented economic variable into the mix.
- Please no written by hand solutions Discuss how do you think Marxian Economics treats the theme of environmental crisis. Keep the following question in the back of your mind: if the destruction of nature and human beings is harmful and not desired by anyone, why do we still experience the negative impacts of that? Address the following topics: How technical change may harm the environment, How the choice for specific technologies is not necessarily an option, but it may be dictated by the market. Is capitalism compatible with sustainability? (Hint: both yes and no are possible answers, but I want you to focus on why).Which statements are true or false? 1. S1: The equilibrium nations want to achieve ideally is the stableequilibrium. S2: The general idea of an equilibrium is one in which allparticipants are doing what is best for them, given what they expect othersto do, which in turn matches what others are actually doing.To what can concave shape of Production Possibilities Frontier be due?Select one:a. Law of diminishing returns.b. Existence of an opportunity cost.c. Scarcity.d. Efficiency in production.e. Inflation of a market.