Q: 4. The expectation augmented Phillips curve takes the form T = T° – 3(u – ū), with the natural rate…
A: We have given expectation argumented Philips curve. And okun's law.
Q: Which statement about business cycles in the United States is most accurate? Multiple Choice…
A: The economy of the United States alternates between periods of expansion, when employment and…
Q: All of the following are drivers of globalization except
A: Globalisation is the free movement of people, capital, technology and trade from one country…
Q: 2. The Daisy-land's economy is described as follows: Y=C+I+G; Y=10,000; G=2,000; T=3,000;…
A: In economics, a country's national saving is the sum of private and public saving. It equals a…
Q: Suppose that a standard tuna sushi (6 units) costs 10 pounds in UK and 11 US Dollars in California,…
A: Given information 6 Sushi cost in UK=10 pounds 6 Sushi cost in California=11 dollars Nominal…
Q: Explain how to provide an efficient quantity of public goods Describe how the delivery of public…
A: ANSWER.1 economy have two types of commodities: public goods and private goods. A person's private…
Q: 1) Does the above diagram depict a positive externality or a negative externality? 2) What is the…
A: Answer; 1. The above diagram depicts negative externality since the Marginal social cost is…
Q: Whom do Marx and Engels portray as the previous enemies of the bourgeoisie? How did bourgeois…
A: Economic development refers to initiatives, policies, and actions to improve a community's financial…
Q: 15. The different types of data Suppose you have the following data set, which shows information…
A: Broadly, there are three types of datasets: 1. Cross-Sectional: For different subjects at the same…
Q: Which of the following is true of market social equilibrium if third parties, people outside the…
A: Externality refers to spill-over effect of a good on third party which is not involved in either…
Q: The money multiplier is the ratio of O the money supply to the monetary base OM2 to M1 O deposits to…
A: The money multiplier can be described as the disproportionate increase in the amount of money in a…
Q: A simple supply curve shows a relationship between the Multiple Choice price of a good and the…
A: Supply curve is upward sloping for a good.
Q: Concent of competitive advantag the aspect of qualify LOW COST technology and other
A:
Q: The Fed is an agency of the U.S. Treasury Department that has the responsibility of collecting tax…
A: Central Bank: A central bank is the most elevated monetary organization in a financial framework…
Q: In recent years, almost all new job creation in the United States has occurred in the sector.…
A: The process of creating new jobs, particularly for those who were previously unemployed or inactive,…
Q: Explain the influence of costs in the short run on a firm's output
A: Short-run is a period of time when there is some cost which cannot be varied.
Q: Which of the following would lead to an increase (rightward shift) in the demand for money? an…
A: The demand for money represents the total amount of money that the people of an economy wants to…
Q: QUESTION 14 14. In the late 1970s, as gasoline prices began rising, the govemment imposed a price…
A: Equilibrium in the market occurs where there is no shortage and no surplus.
Q: Drivers of contemporary entrepreneurship include I. globalization II. technology III. stable demand…
A: The spread of products, technology, information, and jobs across national borders and cultures is…
Q: In theory, fiscal policy can be as effective in stabilizing the economy as is monetary policy. What…
A: Fiscal policy is the policy that is made to achieve the stability by the government by using its…
Q: 1. George maximizes expected utility and he has a von-Neumann-Morgenstern utility function u (c) =…
A: Utility = c1/2 Initial Wealth = $1000 success rate = 9% If successful then payoff = $100,000 Payoff…
Q: 15 ) Based on the data in the above table , to assure that the efficient amount is produced the…
A: Free market equilibrium is where marginal private cost is equal to marginal private benefit.…
Q: The management of a large fast food chain evaluates the supplier of their deep---frozen beef…
A: Standard Deviation Standard deviation in this condition implies to the variance that happens in the…
Q: The growth in the velocity of M2 has been steady at about 2% since 1950 so we figure it will stay…
A: Answer; We Know That Inflation in Future ( P)= 5% Rate Of Growth Of Real Output (Y) =…
Q: Consider a market dominated by two firms with identical cost functions C(q) = c*q for some constant…
A: In Bertrand competition firms compete in prices rather than quantities . Cost function : C(q) = c*q…
Q: lgs Review view Help 5-7.D(x) = 2(x-3)² is the price, in dollars per unit, that consumers will pay…
A: * SOLUTION :-
Q: Explain the theories of Max weber in industrial relations shortly.
A: Max Weber was a German sociologist who felt that bureaucracy was the most efficient and rational…
Q: The marketing team of "Hi" restaurant reduced the price of their special triple-decker with double…
A: Break even point refers to a level of output at which the total cost of production of a firm is…
Q: How does the rate of population growth influence the level of GDP per person?
A: (Q) How does the rate of population growth influence the level of GDP per person?
Q: stina's Costs and Revenue mantity Average Variable Average Total Cost (dollars) Marginal Cost…
A: In monetary hypothesis, perfect competition happens when all organizations sell indistinguishable…
Q: Refer to the following graph to answer the next five questions Milkshakes B PPF In the graph, Point…
A: Production possibilities frontier shows the combinations of two goods that a country can produce…
Q: A maximizing consumer is endowed with gh= 20, 5h= 20 and has preferences described by the linear…
A: Answer; Given data;
Q: 1. a) Copy Figure 4.10 (below) into your notebook and fill in the Surplus/Shortage column. What is…
A: Question 1's solution is given below
Q: 11. What are the subgame perfect equilibria of the following game? Оut In 7,21 T. В 2 L R 9,3 1,1…
A: We have two subgames for given game. Where subgame 1 is entire game and subgame two is start when…
Q: ct assortments may be useful: motions will be necessary. ments before entry may be necessary to warn…
A: Compartive advantage alludes to the capacity to deliver labor and products at a lower opportunity…
Q: Explain the theories of Karl marx in industrial relations shortly
A: The term "industrial relations" refers to the working connection between employers and employees.…
Q: by Locke reflect concerns and problems of the 17th century? O Locke's ideas reflected a shift toward…
A: Answer -1 Property is a natural right derived from labor, according to John Locke. He maintains…
Q: produ ossibility table Rye 0 10 20 30 40 0 50 O increasing marginal opportunity cost. decreasing…
A: In business examination, the creation plausibility wilderness (PPF) is a bend showing the differing…
Q: What is skeumorph?
A: Total Revenue: The sum of all revenues or the revenue that is collected by selling all the…
Q: Assume that a very tiny and very poor DVC has income per capita of $300 and total national income of…
A: Per capita = total income/ population.
Q: 11. If the future price of good X is expected to increase, then what change in the equilibrium will…
A: The curve that depicts quantities that are being demanded by individuals at different price levels…
Q: Refer to Illustration 19. Which of the tax systems represents the most progressive system? a. T1 b.…
A: Refer to Illustration 19. Which of the tax systems represents the most progressive system?
Q: Which of the following is a problematic feature of a welfare state that is mitigated by the…
A: A welfare state is one that is dedicated to providing its citizens with basic economic security by…
Q: Explain how to determine a firm's cost of production and economic profit
A: Production Cost:- Manufacturing expenses are the expenses incurred by a firm when it manufactures an…
Q: Assume the production function takes the general form (as in lecture notes) Y=zxF(K,L, A) where all…
A: Given information The production function is given as, Y = z * F(K, L, A) where, Y = output, z =…
Q: 34. The natural unemployment rate for a country is 6%. If the country's potential GDP is 55000 and…
A: Answer; 34) Option (e) None of the above is correct
Q: 12. A consumer likes two goods, x and y, and has the following utility function, U= 2√√xy. What is…
A: Slope of IC is the MRS where we can find the MRS using the marginal utilities of goods.
Q: ’The dynamics of the Law of Contract as per the Code Civil is ,but, a myth’’. Assess the pertinence…
A: In addition, the page summarises the laws governing employment relationships, including redundancies…
Q: Suppose a firm producing metal rods in the short run faces a production function of the form. Q =…
A: Given production function Q = 100K2L2 – L3K3 K= capital L=labor K= 10 units fixed.
Q: Discuss whether and why the educational systems in many developing countries have led to…
A: Income inequality basically refers to the degree to which income is allocated unequally among a…
Step by step
Solved in 2 steps
- In the tradeoff between economic output and environmental protection, what do the combinations on the protection possibility curve represent?please anwer ponit no:- 4, 3 and 2. (It will be nice if u answer all points)A law is passed providing for compulsory vaccination and subjects a person toimprisonment for refusing to submit vaccination, except when it is apparent or it canbe shown that the person is not fit for vaccination because of his physical condition. Isthe law valid?
- Five roommates arc planning to spend the weekendin their dorm room watching movies, and they arcdebating how many movies to watch. Here is theirwillingness to pay:Quentin Spike Ridley Martin StevenFirst film $14 $10 $8 $4 $2Second film 12 8 4 2 0Third film 10 6 2 0 0Fourth film 6 2 0 0 0Filth film 2 0 0 0 0Buying a DVD costs SIS, which the roommates splitequally, so each pays $3 per movie.a. What is the efficient number of movies to watch(that is, the number that maximizes total surplus)?b. from the standpoint of each roommate, what isthe preferred number of movies?c. What is the preference of the median roommate?d. (f the roommates held a vote on the efficient out~come versus the median voter's preference, howwould each person vote? Which outcome wouldg~ a majority?c. lf one of the roommates proposed a differentnumber of movies, could his proposal beat thewinner from part (d) in a vote?f. Can majority rule be counted on to reach efficientoutcomes in the provision of public go<Xis?53. The Indiana University basketball team trails by twopoints with eight seconds to go and has the ball. Shouldit attempt a two-point shot or a three-point shot?Assume that the Indiana shot will end the game and thatno foul will occur on the shot. Assume that a three-pointshot has a 30% chance of success, and atwo-point shot has a 55% chance of success. Finally,assume that Indiana has a 55% chance of winning inovertime.Each time a song is played on the radio, the record company and the songwriter are paid a royalty of $0.30.Of the total, 75% goes to the company and the rest to the writer. If on a network of 50 radio stations, a certainsong is played 4 times a day during the first week and then 20 times a day for the next three weeks, how muchdoes the network owe in royalties for the four weeks? How much do the record company and the songwriterreceive each
- With liability laws , a polluter will not have any compensation cost if they do not cause any damage . Select one : O a . True O b . FalseConsider the famous A????1diamond-water paradoxA????1: water is necessary for life and extremely useful, but is very cheap on a per gallon basis (NYC charges $3.70 for 748 gallons), while diamonds are not much use for most things, but extremely expensive on a per unit basis (a one-carat colorless diamond with good proportions and good certification is trading at about $9500 this week). Even though a diamond is more expensive than a gallon of water, you would probably rather have a gallon of water on a lifeboat than a diamond. For modern New Yorkers, are the gallons of water needed to sustain life marginal or infra-marginal? Does the cheapness of water increase or decrease the consumer surplus realized from it? Does the expensiveness of diamonds increase or decrease the consumer surplus realized from them? Is market price the value to the consumer of the marginal unit or of an infra-marginal unit? Make a distinction between market price and consumer surplus and resolve the diamond-water…Karen goes to the casino with 1000$ and plays the following strategy: In her first game, she putsin 1$. If she wins, she finishes playing and takes her profit home. If she looses a game, she willplay another game and put in twice as much money as she did in the previous game. If she wins,she will finish playing and take her profits home. She will keep going with that strategy, untilshe either wins a game or runs out of money.(a) Create a table for n = 1, 2, ..., 10 which lists: (a) The amount of money she puts in in game n;(b) the sum of the amount of money she has put in in all games up to this game n; and (c)her overall profit if the game n is the first game she wins.(b) What is the likelihood of her loosing 8 games in a row?(c) How many games can she loose in a row before she cannot afford to continue with herstrategy of doubling her bet?(d) Given the low likelihood of loosing, is this a smart strategy for Karen to pursue?