The notion that with accumulation of various forms of capital poor countries can grow faster than rich ones and eventually converge in terms of living standards is known as     A.) The catch up effect     B.) The invisible hand     C.) Counter divergence     D.) Comparative returns

Q: Which is the best example of human capital     A.) Roads, bridges and other infrastructure…

A: Introduction Human capital It refers to the economic value of the workers and and their Experience…

Q: 3) Diminishing marginal rate of substitution can be seen when indifference curves A) become flatter…

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Q: Farley's Frozen Yogurt is a purely competitive firm that sells frozen yogurt cakes. The market price…

A: Market price is basically known to be as the price generally operating where the services or an…

Q: 6. Macroeconomic equilibrium and the ranges of the aggregate supply curve The following graph shows…

A: Aggregate Demand curve is the curve that represents or denote the sum of demands that an economy…

Q: EconomicS The design company CasaOffshore in Casablanca Offshoring Park is evaluating the purchase…

A: The measure that depicts the current stream of cash flows being discounted at a specified rate of…

Q: Consider the following table of long-run total costs for three different firms: Quantity 1 2 3 4 5 6…

A: Returns to scales refers to the change in the average cost due to change in the output level.…

Q: 5. Problems and Applications Q10 Consider the following table of long-run total costs for three…

A: When talking about economies of scale, it can be said that it is the situation when a producer is…

Q: What term describes unemployment that results from a person having a lack of employable skills?…

A: Unemployment is a situation in which a person who is willing and able (capable) to work do not find…

Q: 3) Diminishing marginal rate of substitution can be seen when indifference curves A) become flatter…

A: The curve that depicts combinations of goods that could provide the consumer with an equal level of…

Q: 33. Which of the following statements istrue? Almost all hyperinflations follow the same pattern…

A: Hyperinflation is a term used to describe rapid, excessive, and out-of-control price increases in an…

Q: The earliest antitrust law enacted in the United States was...... (a) The Sherman Act. (b) The…

A: Anti trusted laws are associated with the anti competitive practices. Such laws prohibit the anti…

Q: Current account transactions are records of the incomes and expenditures from exports and imports,…

A: Current account records the export and import of goods and services, unilateral transfers in form…

Q: Under what circumstances does a firm operate with excess capacity?   Question 22 options:   when…

A: In a market, excess capacity of a firm refers to the situation when the demand for a specific…

Q: Suppose a country surveys households and finds that 140 million people can be classified as being…

A: The unemployment rate is the level of the labour force without a task. It is a reactive result,…

Q: key difference between S corporations and C corporations is that: al the owners of C corporations…

A: Introduction Corporation refers to the entity that has the authority to act individually different…

Q: Supply-side economics advocates that the government A. do all in its power to stimulate growth; B.…

A: Supply side economics believes that increasing the supply of goods or labor in the market will…

Q: Suppose that the production function is V=5 With this production function, the marginal product of…

A: production function, in economics, equation that expresses the relationship between the quantities…

Q: The State government is considering building a new highway. Linda lives near the proposed highway.…

A: Average cost is defined as the total cost per unit of output. When we divide the total cost of…

Q: What are the seven virtues which Deirdre McCloskey claims as Bourgeois Virtues? O Courage,…

A: The answer is - Option 1. Courage, temperance, justice, prudence, faith, hope and love.

Q: The following table shows nominal GDP and an appropriate price index for a group of selected years.…

A: Nominal GDP, unlike real GDP, does not correctly reflect an economy's output. The total national…

Q: Two essential institutional protections for economic growth and development are     A.) money and…

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Q: A US company wants to arrange a forward contract to buy euros in year. The interest rates for…

A: Exchange Rate is the conversion rate between two currencies. It is the value that a person gets when…

Q: Engineering Economics (Ilustrative Problem): A tunnel through a mountain is being considered as a…

A: Benefit Cost Ratio refers to the ratio of the present values of the sum of the benefits to the…

Q: EXPECTED INTEREST RATE the real risk free race a 33%. Infation is expected to be 3.03% this year…

A: The nominal yield is the coupon rate on a bond. Essentially, it is the interest rate that the bond…

Q: A tunnel through a mountain is being considered as a replacement for an existing stretch of highway…

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Q: 12/12 points During the pandemic of 2020, disinfecting wipes were very popular because people…

A: Here, it is given that in 2021, scientists asserted that the COVID-19 infection is not caused by the…

Q: Which of the following statements is true? OA. When a large proportion of income is spent on a…

A: At the marketplace, the concept elasticity is used to determine the responsiveness of producers and…

Q: What is the amount of capital that earns simple interest: a) $1500 at 18% per year in 10 months?…

A: In the market, the amount of capital is also known as principal amount that is invested today to…

Q: Inverse Demand Equation: P = 170 - 4Qd Marginal Costs=\$10; MR = 170 - 8Qd A perfectly -competitive…

A: The equilibrium condition: P=MC.

Q: 5. Problems and Applications Q10 Consider the following table of long-run total costs for three…

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Q: ne person bought a DVD player for $399.00. You paid a down payment of $99.00 and agreed to pay the…

A: Interest rate has been calculate for 3 months of $10 on Principal amount .  One point is remember is…

Q: Complete each of the following problems showing ALL your work. Answer the following questions…

A: The given utility function is U(x,y) = 0.5x0.4y0.6

Q: 1. A company mecessfully introduced wireless, studio quality carbads. This recent innovation has…

A: Given; Demand function; P=250-0.00125Q Cost function; C=1806250+25Q+0.001Q2 Formula to calculate:-…

Q: 4. Assume that a monopolist sells a product with the cost function CF + 20Q, where C is total cost,…

A: In economics, an inverse demand function is the inverse function of a demand function. The inverse…

Q: Which of the following is one of the uses of financial instruments? means of payment store of…

A: Financial instruments are defined as monetary assets which can be purchased, created and traded.…

Q: Which of the following goods is NOT scarce? Opublic libraries Ogarbage clean air in a big city…

A: Economic decisions are those decisions in which people will choose what to do with limited…

Q: Would you consider your demand for gas to be relatively elastic or inelastic? What changes do you…

A: Price elasticity measures the responsiveness of demand to changes in price. Elastic demand is…

Q: One way of looking at the fair distribution of benefits and burdens in society states that society…

A: Inequality  The phenomena of unequal or unjust resource allocation and opportunities among…

Q: Calculate the amount of simple interest and the amount for: a)$40,000 at 36% per year in 3 years and…

A: To calculate the Simple interest we need to solve for separate time periods . We need to solve for…

Q: The recession of 2007-2009 caused General Motors' sales to decline by A. 65 percent; 50 percent…

A: When talking abou financial sales of General motors between 2007 to 2015, it can be said that it was…

Q: For the nonconventional net cash flow series shown, the external rate of return per year using the…

A: First we will find out the value of present worth of negative values which are outflows. for this…

Q: Suppose the information in the following table is for a simple economy that produces only the…

A: Here, it is given that the base year is 2012 and the price and quantity of different goods and…

Q: Suppose auto workers as part of a new union agreement negotiate higher hourly wages, what impact…

A: Here, it is given that hourly wage of author workers has increased due to a new union agreement.

Q: You are considering subscribing to Hulu.  You are willing to pay up to $39 per year for a…

A: The equilibrium price is the point where demand and supply meet.  Consumer surplus (CS) is the area…

Q: Who ensures that property rights are protected and enforced? O the property owners the banking…

A: Property rights give the owner legal rights that the property is of owner and no one can take it…

Q: 1. The following prices and quantities produced were recorded in computer land during the years…

A: GDP Deflator = (Nominal GDP/Real GDP)*100 Nominal GDP is the value of the current basket of goods at…

Q: 1) Mr. Bora's disposable income is 10 000 TL. per month. His zero level autonomous consumption is…

A: MPC is the marginal propensity to consume and MPS is the marginal proprnsity to save. We use the…

Q: Just based on general information you possess, do you think the demand for computers is likely to be…

A: Elasticity refers to the change in quantity demanded of a product due to change in its price. If the…

Q: There is a country which produces cars. It costs $11,000 for the domestic producers to produce one…

A: Export subsidy is an administration strategy to empower export of merchandise and beat offer of…

Q: What are the applications of partial derivatives in economics?

A: The derivative of a function of a single variable that depicts quickness of change in function value…