Suppose a union successfully negotiates a wage rate for its members that is above the competitive wage rate, then the union must also negotiate a fringe-benefit package that the membership will like. the union must find a way to ration jobs among the excessive number of workers who wish to work at the negotiated wage. employment in the union sector will increase. the union must find a way to make union workers more productive.

Q: Label the following statements as true, false or uncertain, and provide explanation for your answer.…

A: Introduction A) Yes it is true because floating exchange rate is very flexible and determined by…

Q: P2 P1 MC = AC D MR Q1 Q2 A firm with market power is observed to be producing at output level Q2,…

A: A firm has market power when it sells differentiated goods or unique good, which gives the firm…

Q: Before WWI O A. labour mobility was lower than today because transportation was more expen O B.…

A: Option A: labour Mobility was lower than today because transportation was more expensive.

Q: ond rating agencies like Moody's and Fitch specialize in: OA assessing the credit and default risk…

A: The answer is - A. Assessing the credit and default risk of issuers.

Q: Which item below is not an element of household expenditures in an open economy? O a. Taxes.…

A:

Q: lower interest rates are anticipated to have a positive impact on the economy a. Reduce your…

A: The amount of interest payable every period, expressed as a percentage of the amount loaned,…

Q: 2. Solow Model without Technological Progress (g = 0): Consider an economy which has the following…

A:

Q: What are the benefits of Agricultural land reforms to developing countries?

A: Land reforms are known as agrarian reform which include changing of customs, laws, regulations and…

Q: The short-run aggregate supply curve will shift up if:    wages decrease. productivity increases.…

A: Short run aggregate supply curve shows direct relationship between price and real output supplied.

Q: Dead capital is Select one: O A. useful only if employed in a labor-intensive production process. O…

A: A dead capital is a property that is not legally recognized by the government.

Q: (C). Similarity of economic structure, and composition of output, tends to reduce the economic…

A: In an economy, joining a currency union implies monetary union agreement with some other countries.

Q: Assume Country X has an electricity market with supply and demand being given below: Qo = -Po + 200…

A: Demand function Demand = -P + 200 Supply = -3P + 300

Q: Identify the statement as True, False, or Uncertain, and explain your reasoning in detail (graphs if…

A: Contractionary fiscal policy is defined as a decrease in government spending and an increase in…

Q: List and explain two determinants that would cause the production possibility curve to shift inwards…

A: The production possibilities curve (PPC) is a chart/graph that shows each of the various different…

Q: The Exchange Rate Effect of an increase in overall prices in the economy on aggregate demand refers…

A: When there is an increase in the overall prices in an economy due to exchange rate effect than goods…

Q: 2. Consider the projected cash flow profiles shown in the following Table for a proposed investment…

A: Meaning of Financial Assets: The term financial assets refer to the situation, under which these…

Q: In an attempt to bring equity to the climate change agreement, the Framework Convention on Climate…

A: In an attempt to bring equity to the climate change agreement, the Framework Convention on Climate…

Q: How do gains in income inequality influence economic growth and expenditure rates?

A: When income inequality rises, economic growth falls.

Q: 11. During a two-quarter period of the lockdown for the COVID pandemic, we observed a decrease in…

A: The aggregate demand curve shifts downward as the velocity of money decreases exogenously. Because…

Q: In an attempt to reduce the large budget deficit, the government raised taxes and reduced government…

A: Fiscal policy refers to the use of the government budget to impact the economy. This includes both…

Q: Consumption expenditure: Investment expenditure: Government budget balance Money demand C = 100 +0.8…

A: The government financial system that analyses the health of an economy, expected growth, economic…

Q: 6. Consider a good with a production process with fixed costs and constant marginal costs. Which of…

A: The answers are - (a) If marginal costs are zero the good is non -excludable (b) If marginal costs…

Q: What is the Samuelson Rule? Why does the market outcome, based on the actions of rational,…

A: Answer -   Public Goods :- Public goods are those goods that can not be exhausted by the usage and…

Q: (B). Diagram 2: The DD -AA model Exchange rate, E DD E AA Output, Y Use the DD-AA model to compare…

A: The correct answer is given in the second step.

Q: Trade makes costs Group of answer choices higher and reduces the variety of goods and services…

A: Trade makes costs(A) higher and reduces the variety of goods and services available.(B) higher but…

Q: Refer to the  Figure 2-1. What is consumer surplus after the tax?   You can answer this in one (or…

A: Consumers surplus is the area above the price and below the demand curve.

Q: 4,374 11- It is estimated that consumers will buy Q(p) = p2 kg of imported beans per week when the…

A:

Q: The law if diminishing marginal returns is the rate at which one input maybe substituted for another…

A: The law of diminishing marginal returns is not the rate of substitution of one input for another…

Q: Whether this statement is true, false or uncertain? Why? Use graphs if possible. Consider a…

A: After considering a temporary positive inflation shock in a flexible exchange rate regime (with an…

Q: of the following events could shift the demand curve for gasoline to the left? Group of answer…

A: GENERAL DETERMINANTS OF DEMANDGood’s own price (P) is the key determinant of demand• Other…

Q: Please Read the Following Paragraph and Answer the Following Questions :- Oman's government will…

A: * ANSWER :-    From the given information the answer is provided as below

Q: Question 6 The market demand curve Group of answer choices represents the sum of the prices all the…

A: A graphic representation of the connection between item cost and the amount of the item requested.

Q: a) What is the NPV of each project? Which projects should Xia undertake, and how much cash should it…

A: Answers (A)  Calculation of Net present value of all three projects A, B and C   NPVA = -20000 +…

Q: F1/3 72/3 The production function Y = AK"L describes %3D O a. how any amount of capital and a…

A: A production function, in general, is a representation of how the quantity of output changes as a…

Q: If the assumptions of the multiplier-deposit expansion process hold, (with the required reserve…

A: As per the guidelines we are allowed to answer the first question only. Kindly post the remaining…

Q: The most likely source of an increase in investment is a. Interest rates that are lower b.…

A: "Investment is a kind of good which is not consumed today but used in future in order to generate…

Q: - Given: C = 102 + 0.7Y , J = 150 - 100 M_{S} = 300, M_{t} = 0.25Y and M_{s} = 124 - 200 ,. Find:…

A: If the amount demanded equals the quantity provided at the value, the market is in Equilibrium. The…

Q: 15) What is the relationship between team cohesiveness and team productivity? Multiple Choice Higher…

A: Productivity measures the quantity of products and services produced (output) with the amount of…

Q: Please refer to the description of a tax on a market, represented by the graphic Consumer surplus…

A: Consumer surplus is that area which are lies below the demand curve and above the price level.

Q: Assume that /21 = 0.30% and that / = 0. If the one-year interest rate is 5% and the two-year…

A: Liquidity premium = 0.30% One year interest rate = 5% Two year interest rate = 5.75%

Q: An annuity offers a payment of $5000 at the beginning of every three months for twenty years.…

A: Present value is the concept that states an amount of money today is worth more than that same…

Q: Barney decides to quit his job as a corporate accountant, which pays $12,000 a month, and goes into…

A: Answers   1. Barney's average monthly accounting profits are 13875$. (Refer the image below for…

Q: Consumption expendi ture: Investment expenditure: Government budget balance Money demand C=100+0.8…

A: Private saving = Income - Consumption - TaxesPrivate saving = Y - C - T

Q: • A country has a total population of 79 million. • The labour force in the country amounts to 47…

A: An inflationary output gap occurs when actual GDP is more than potential GDP and a recessionary…

Q: Explain the Federal Reserve’s use of open-market operations in the money creation process.

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: Under Bertrand competition, O the Nash equilibrium is marginal cost pricing (the perfectly…

A: Nash equilibrium refers to a set of strategies where no player has any incentive to deviate from its…

Q: Iln Smalltown, Pennsylvania the demand function for men's haircuts is given by Qd = 500 – 30p +…

A:

Q: urgent ! 1,1 3,0 0,3 2,2 (a) Can strategy profile (B,D) be played at the first stage if the game is…

A: We have 2×2 game in which row player has two actions A ans B and column player has action C and D

Q: For each hour worked, a U.S. worker can produce 4 dozen baguettes, or 2 tonnes of aluminum. Canadian…

A: Comparative advantage refers to a situation where one country or person produces the good at a lower…

Q: Suppose the production function for T-shirts can be represented as q = L^0.25 K^0.75. When K =1 and…

A: Given q= L0.25K0.75 and K=1 and q=2.