The single largest expenditure component in GDP is   Group of answer choices net exports. government spending. consumption. investment.

Q: Consider the labour market for heath care workers, which is in equilibrium. Because of the aging…

A: The equilibrium is decided where the demand and supply of labor force is equal. Change in either…

Q: show if completness imply transtive, and transitive imply completness prove

A: Completeness does not imply transitivity. Transitivity does not imply completeness.   Explanation:…

Q: The figure at right shows a graph of the market for puzzas in a large town What characterizes the…

A: Demand refers to the quantity that a consumer wishes to buy at a given price in a given period of…

Q: A company estimates that it will sell N(x) units of a product after spending $x thousand on…

A: We have units sale equation N(x) for the given advertisement expenditure (in thousands) as:  N(x) =…

Q: A positive externality will cause a market to produce Select one: more than is socially desirable. O…

A:

Q: he student chapter of Philippine Society of Mechanical Engineers is planning a 6-day trip to the…

A: A Break-even point refers to the point at which what one earns matches what one spends or we can say…

Q: what does it mean for cross price elasticity of demand when it equals to infinity?

A: Cross price elasticity of demand is the ratio of proportionate change in demand of a good with…

Q: Given that the level of labour is 10, the total production is 1,200, and the marginal product of…

A: The social science of economics examines and analyses the actions and choices that economic agents…

Q: Use the following information to work Problems 1 to 3. Brazil produces ethanol from sugar, and the…

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

Q: 8. Question 8 options: Absolute cost advantage theory was proposed by--------

A: Ans. Absolute cost advantage theory explains that a country or business produces and exports goods…

Q: . Use Word's Equation Editor to solve the general version of the perfect complements problem. In…

A: In the case of perfect complement goods, the consumer preference is represented by U=min{ax1,bx2}…

Q: QUESTION 11 11. If both Demand and Supply decrease O a) Equilibrium price will decrease and quantity…

A: Demand refers to the quantity that a consumer wishes to buy at a given price in a given period of…

Q: Consider the following Demand and Supply curves: WTP=246-2.2QD MC=14+2.1QS Calculate the producer…

A: Demand curve: P = 246 - 2.2 Q {the demand curve is also known as the willingness to pay curve (WTP)}…

Q: ECONOMICS UPVOTE WILL BE GIVEN. PLEASE WRITE THE SOLUTIONS LEGIBLY. NO LONG EXPLANATION NEEDED.  A…

A: production cost is the monetary value incurred in the process of production on factors. It is the…

Q: depreciation and life time of the equipment? Q. 3 An amount of 8000 $ is deposited into an account…

A: The term depreciation refers to an accounting method used to allocate the cost of a tangible or…

Q: Allocative efficiency is achieved Group of answer choices a. at the point where the supply and…

A: Ans. Allocative efficiency is achieved when all goods and services are efficiently obtained by all…

Q: An investment of 42,500 Pesos was made today at 5% compounded quarterly for 5 years. After the said…

A: Here we need to find the first 5years future worth of the investment and then the final amount is…

Q: Consider the mountain bike market, shown below. $, Price (bikes) $2,000 $1,750 $1,500 P* $1,250…

A: Equilibrium in the market occurs at the intersection of demand and supply curves where quantity…

Q: 12. Government prefers to reduce imports with a tariff instead of a quota depends on whether A.…

A: We know that In an open economy, tariffs and quotas are the two types of trade barriers used by the…

Q: C04

A: It is a bunch of principles and ideas which explains the functioning of the economy or various…

Q: What is Monopolistic Competition. What are the features of monopolistic competition?

A: Market refers to the mechanism in which buyers and sellers interact to reach an agreement on the…

Q: What are three policy solutions to lessen the economic consequences of inequality. Explain in…

A: Effectively reducing income inequality can be accomplished by cutting the lifestyles of the…

Q: Comparing your answers for change in capital stock from year 1 to 2 and from year 7 to 8 (Please See…

A: Steady state level is reached where per capita variables such as output per worker, capital per…

Q: A small company heats its building and will spend $9,592 in year 1 on natural gas for this purpose.…

A: Given  Cost of natural gas in year 1 = $9592 The annual increment in the cost of natural gas is 9%…

Q: According to economic theory, a government with a contractionary fiscal policy would decrease…

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

Q: Match the following International trade theory name with the concept 1)One country should be able to…

A: All of these are concepts from the international trade. Hence we will first explain theories and…

Q: A production plant has the capacity to produce 2,000 tons per year. At full capacity, there are…

A: Maximum Capacity = 2000 Total Variable Cost = 100,000,000  Total Fixed Cost = 35000000 Profit =…

Q: 6. Problems in insurance markets Consider the following story: When Joe didn't have renter's…

A: Insurance is an agreement between two parties where loss to one party or party’s  property is…

Q: US and South Korea reached formal agreement on a plan to lift S. Korea’s long ban on US beef…

A: South Korea made the decision to prohibit the import of any ruminant livestock stock, including…

Q: Why do presidents typically reappoint Chairs of the Federal Reserve Board even when they were…

A: The country's central banking system, which is in charge of monetary policy by controlling the…

Q: If there is a decrease in supply and demand, how will equilibrium price and quantity be affected?

A: If there is a decrease in supply and demand, equilibrium price and quantity will be affected…

Q: At which range th full employment supply curve.

A: We know The economies around the globe tend to operate upon the activities done by various entities.…

Q: part 3. Does Brazil face an increasing opportunity cost of ethanol? What feature of Brazil's PPF…

A: Opportunity cost refers to the cost you sacrifice in order to choose the best alternative for you.…

Q: How do you currently describe the business climate globally? What are the implications for the…

A: The business climate globally is currently unstable. "This is due to the current trade war between…

Q: A firm's marginal cost function is given by: 2 MC(q) = -9 If the future price of the firm's output…

A: Marginal cost The price to manufacture the second unit of output is known as the marginal cost.…

Q: Can you solvie it step by step. Manually

A: Engineering economics entails a methodical analysis of the financial advantages of suggested…

Q: How can we prevent population growth? 1. 3. ti

A: Population growth is the increase in a population's or a dispersed group's size.The term "population…

Q: Market Commodity Basket Milk Eggs Bread Quantity 10 gallons 10 dozen 10 loaves 2010 2011 Price price…

A: Inflation is the rate at which prices for products and services increase. Inflation is sometimes…

Q: Question 2: Represent the preferences of the following people graphically: Case 1: Mary likes milk…

A: Preferences reference the consumer's willingness to consume 2 or more goods. It can be represented…

Q: Briefly describe and explain how the Monetary Policy Committee (MPC) impact the inflation rate?

A: The basic goal of monetary policy is to stabilise the money supply across the economy and avoid…

Q: Jane Smart plans to make the following deposits in an account towards cash purchase of a real estate…

A: The interest rate is the amount a moneylender charges a borrower and is a percentage of the…

Q: . ______________ is a special field of economics which concentrates on the study of countries which…

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

Q: Explain the difference between financial institutions and financial markets, please give examples.

A: Economic system significantly depends on financial assets and transactions, therefore financial…

Q: In an hour, Sue can produce 40 caps or 4 jackets and Tessa can produce 80 caps or 4 jackets. If Sue…

A: Comparative advantage is the production of goods at a lower cost than others.

Q: A sum of $2 million now is equivalent to $2.42 million 1 year from now at what interest rate?

A: Present Value = 2 million Future Value = 2.42 million n = 1 year r = ?

Q: 25. The time required for a sum of money to amount to five times itself at 16% simple interest p.a.…

A: Simple interest depends on the principal amount of a credit or the first deposit in a savings…

Q: A bicycle component manufacturer produces hubs for bike wheels. Two processes are possible for…

A: Profit = TR > TC is termed as profit.   TR = P*Q TC = FC + VC

Q: 4. Sectoral shifts, frictional unemployment, and job searches The Suppose the world price of steel…

A: Frictional Unemployment is also called as search and wait unemployment. A frictionally unemployed…

Q: 1.  Please examine possible impacts of Covid-19 on unemployment both in the long-run and short- run…

A: The Covid-19 outbreak has already had a considerable impact on unemployment, with the number of…

Q: The following graph shows the saving curve (S) and the investment curve (1) for a small economy.…

A: Part-1) According to the classical economists the saving and investment will be always equal. When…