Question 6 of 50 In which political system is the means of production controlled but not necessarily owned by the government? O O None of these choices are correct. O communism capitalism socialism

Q: a your opinion, how do theories of economic development guides one country in etermining economic…

A: The economic growth refers to sustained rise in the production of goods and services.

Q: The famous singer Jason Lumberpond likes to drive his solid-gold rocket car back and forth in front…

A: In most decision-making scenarios, especially in economics, a standard thumb rule is considering the…

Q: The laboriousness for the year will be 457000 standard/hours. The planned fund of working time for…

A: Introduction Total laboriousness for the year = 4,57,000 standard/ hours Working time for 1 worker…

Q: What are the 3 basic economic problems? Briefly

A: An economic problem is one that arises as a consequence of a scarcity of resources and requires…

Q: For a perfectly competitive firm, profit maximization occurs when output is such that O A) marginal…

A: In a perfect competition the firms are price takers. At the same price the firm can sell as many…

Q: 2. Explain how capital flow and labor flow affect globalization

A: Answer -2 Capital flows have always been vital for improved global economic performance, but they…

Q: the function l (t) = -0.2t3 +3t2 +100 for 0<= y<= 9 gives the CPI of an economy, where t =0…

A: Introduction Inflation of a economy has given. I (t) = -0.2 t3 + 3 t2 + 100 Now we start from the…

Q: In the short run, a perfectly competitive firm   Question 15 options:   chooses its optimal plant…

A: In perfect competition there are many firms producing identical goods.

Q: What is the effect of a rise in the income tax on interest income? A rise in the income tax on…

A: Income tax is a sort of tax levied by governments on the earnings of enterprises and persons within…

Q: After you pay taxes you should keep all your employment tax records O a. for at least four years.…

A: Introduction Its answer will be b) for seven years. After paying taxes, you should keep all your…

Q: If a bushel of wheat costs $10 in the United States and 5 pounds in the United Kingdom, the long-run…

A: Since you have posted Multiple questions, as per the battle by guidelines we can solve only one…

Q: Consider an economy in which GDP is $8.2 trillion, public saving is -$0.2 trillion, taxes are $0.9…

A: Economy means managing the available resources carefully.

Q: The graphs below show the production possibilities frontiers for sugar and corn in South Africa and…

A: (a) The production possibility curve depicts the combination of two goods that a nation can produce…

Q: The demand for pastries slopes downward and the supply of pastries slopes upward. Suppose that the…

A: Elasticity measures how responsive is quantity to changes in price level.

Q: (Figure: Price Discrimination 2) The following figure shows a business that price discriminates. The…

A: Price discrimination is the defined in Economics as a practice of charging different prices from…

Q: When the interest rate falls, how does the opportunity cost of holding money and the quantity of…

A: Interest rates are defined as the form of reward given to the investors for investing their money…

Q: On the market of good Y there are 70 identical consumers. Each consumer has a demand function…

A: In a two-part tariff, a monopolist charges two types of fees, namely: 1. Access fees/ Fixed fees 2.…

Q: The income elasticity of demand for your firm's product is estimated to be 0.75. A recent report in…

A: The sensitivity of the quantity that is desired for a specific product to a change in the actual…

Q: The credit union is now considering adding a third teller (in the form of an M/M/3) with the goal of…

A: Introduction  a its answer is a) 0.67 Given function: f(s) = $ 15 s + $ 11E (Lq) it attains its…

Q: iii) Consider the following game Safaricom Airtel High price Medium price Low price High price…

A: Nash equilibrium is such an outcome in which neither of the players has any incentive to change…

Q: True or False or uncertainty 9. There is evidence that the law of one price holds for the U.S. even…

A: 9. There is a evidence that law of One price holds for the U.S even though the pass through of…

Q: Canada’s prime minister, Justin Trudeau has declared that 60% of car sales will be electric by 2030…

A: A reasonable goal is one that is : well-defined and has measurable goals that must be met within a…

Q: P75.50 to P20.00?

A:

Q: Suppose that in a linear regression model hourly wages are explained as a function of gender, where…

A:

Q: Will countries be better off under a multilateral economic liberalization regime or under a system…

A: Economic integration is a plan among countries that ordinarily incorporates the decrease or disposal…

Q: A bank givesa mortgage loan to a home-buyer but afterward, cannot properly monitor if the home-buyer…

A: A moral Hazard arises while making a contract. It occurs when one party in the contract may have…

Q: If $221 is invested at 15% simple interest, its value after 2.5 years is

A: Given the investment amount = $221 Interest rate = 15% Time = 2.5 years

Q: Suppose that in the year of 2020, Country A’s natural rate of unemployment was 5% and its actual…

A: Gross Domestic Product is a measure of the value of all of the products and services generated in…

Q: Short-Run Cost Question2: Lisa has a lawm-mowing business Lisa hires students at $40 a day to mow…

A: Given: Labor Total Product 0 0 1 20 2 44 3 70 4 94 5 114 6 120

Q: if the total cost  c=0.2q3 - 4q2 +1000, what is the marginal cost when q=100

A: the monetary value incurred in production process called production cost . There are two types of…

Q: What is the different between monoply profit and perfect competitive profit? Show them in grapphical…

A: Monopoly and perfect competition have more dissimilarity in regards pice charging , quantity produce…

Q: 10. Suppose Q = 10,000 – 2 P, + 3 P, - 4.5M, where P, = $100, P, = $50, and M = $2,000. How much of…

A: Demand curve shows an inverse relationship between price and quantity demanded. It slopes downward.

Q: An oligopoly is a market structure in which there are   Question 6 options:   many sellers selling a…

A: There are four types of market structures, perfect competition, monopoly, monopolistic competition…

Q: oods and Services are exchanged and used As Final Consumption For Investment As Inputs in the…

A: Answer is given below

Q: How does perfect competition lead to allocative and productive efficiency? Perfect competition leads…

A: The structure of a market where there are a large number of buyers and sellers in the market selling…

Q: A (0.20) B (0.50) 5 C (0.30)

A: The decision tree is used to make the strategic decisions. The probabilities are assigned to…

Q: Consider the aggregate supply-aggregate demand (AD-AS) model that we saw in class. Assume that…

A: Economic Productivity The number of items and services produced in a certain period is called output…

Q: Problem #2 Suppose the Demand schedule of Rice was been revised during February 2021. Graph the…

A: The demand function depicts the connection between the amount of an item sought and the variables…

Q: Why should businesses take into account tax impacts? O a. Taxes directly affect a business's cash…

A: In a market, firms make business activities to earn some revenue and profit due to which it has to…

Q: Capitalism refers to: a traditional economy. O a command economy. O a market economy. O socialism. C…

A: Capitalism is one ideology to run an economy that promotes the trade between the consumers and…

Q: Define the production function, f(x), and the average product associated with it. How do you…

A: Production is the process of input transformation into output by uses of factors of production .…

Q: Prospect Y = ($7, 0.25 ; $17, 0.75) If Will's utility of wealth function is given by u (x) = a0.25 ,…

A:

Q: When countries specialize in producing goods for which they have a comparative advantage and then…

A: When countries specialize in produncing goods for which they have comparative advantage and then…

Q: D9) Some believe communities can solve complex problems without other actors playing an active role.…

A: Important note: Since the question clearly asks to give examples from the course work it would be…

Q: 2. What does cherry-picking behavior mean? What does the evidence suggest about this type of…

A: Picking and choosing only those cases and data that support a specific position while ignoring many…

Q: If a bushel of wheat costs $10 in the United States and 5 pounds in the United Kingdom, the long-run…

A: 1. The answer is - A. 2 pounds per dollar

Q: Assume that you buy a l-year, 150,000-peso Philippine bond that pays 8 percent when the exchange…

A: The exchange rate is 1 Canadian dollar for 40 Pesos.  You buy a 1- year,150,000 pesos Phillippine…

Q: Predictions using the supply-and-demand model for electronic games are likely O A. not reliable…

A: “Since you have asked multiple questions, having multiple parts we will solve the first three…

Q: With a strict product liability claim, only the seller of the product is liable. True False

A: The blame idea of "strict liability" in personal injury law states that a defendant seller,…

Q: In which market structure do firms exist in very large numbers, each firm produ an identical…

A: In perfect competition and monopolistic competition, there are many firms and buyers. In a monopoly,…