Q: Name a type of market failure and explain why this market failure results in economic…
A: Market failure, in economic aspects, is what is happening characterized by a wasteful conveyance of…
Q: Subsidies are A. all of the other answers. B. rewards for those receiving a positive…
A: Subsidies are paid by the government to owners of goods and services for various reasons. Sometimes…
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A: The interest rate is the sum a bank charges a borrower and is a level of the head the sum advanced.
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A: When talking about non-linear pricing strategy, it is the pricing strategy when firm do not set same…
Q: Health care expenditures now account for about __________percent of the American GDP.a. 5 c. 16b. 10…
A: In 2020 healthcare expenditure is 19.7 % in America
Q: Which of the following is goods market clearing condition? A. Y=C+I-G B. Y=C+I-G C. G=T D. Y-C=I+G
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Q: An increase in the workforce can be expected to O a) increase the price level. b) increase long-run…
A: In Economics, workforce can also be known as the labour force which includes all the employed and…
Q: The Required Reserve Ratio is 25% for all banks. Assuming that all the customers that have…
A: Reserves refer to money on hand' in the world of business and finance, money that can be utilized…
Q: What are the possible monetary policy instruments and which one does the Bank of Canada use? The…
A: NOTE: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…
Q: What happens on the aggregate demand curve when there is a rise in the price level which causes a…
A: Answer-
Q: What is included in U.S. aggregate demand? a) all spending by consumers, firms, the government, and…
A: The curve that depicts quantities of goods and services being produced in an economy at various…
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A: Given information First cost=$100000 Salvage value=$5000 O& M cost =$5000 Overhaul cost=$20000…
Q: If wages and prices are fully flexible, output gaps will automatically close in The Ling-Run The…
A: Short run refers to the period of time where at least one factor of production is fixed. Long run…
Q: The firm's fixed cost is $5 a day and its marginal cost is $1. The table below shows the demand…
A: Elasticity of demand refers to the percentage change in quantity demanded due to the percentage…
Q: Keynesian economists believe that prices are sticky and slow to adjust, from which they conclude…
A: The macroeconomic economic theory of total expenditure in the economy and its consequences on…
Q: Bianca bakes delicious cookies. Her total fixed cost is $40 a day, and her average variable cost is…
A: Given the fixed cost = $40 AVC = $1 Selling price = $5 Number of units = 10
Q: Given the following information, what are the values of M1 and M2? Small time deposits $650 billion…
A: M1 = currency + Demand Deposits + other deposits + travelers check M2 = M1 + small time Deposit +…
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A: Gross domestic product (GDP): - GDP is the market value of all final goods and services produced in…
Q: Use the figure shown to answer the questions below Uz U3 U, 24 32 45 72 Income Currently the…
A: Given information Income=72 When accident income=24 Probability of accident=0.5625
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A: In a simultaneous game both the firms optimize their own output taking other's output level as…
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A: To find the pure strategy nash equilibrium, we use the best response method, where we underline the…
Q: How does the United States fare on quality of care?
A: Answer is given below
Q: Why is it better to think of capital as physical items rather than simply money?
A: Production of goods and services occurs on a daily basis in any economy. Physical capital, often…
Q: Yearly demand for water by residents and businesses in the city of Black Bear Lake is equal to Qo…
A: According to the question, The yearly demand : QD = 2000 - 10P , where QD is millions of gallons…
Q: Consider a duopoly in which the marginal cost of every firm is $2. The market demand is: Q = 14 - P,…
A: Marginal cost (MC): - it is the additional cost incurred due to the production of additional units…
Q: 6) Fiscal crowd-out can be avoided by decreasing M when expansionary fiscal shocks are implemented.
A: Note: We are answering the first question out of 6-9 as the exact one was not specified. Please…
Q: Plant milk sales in the United States totaled $2.5 billion at the end of 2020, accounting for 15% of…
A: (i) Dairy milk and plant-based milk products are substitute goods because both are considered…
Q: Tollowing one-penod model. Consumer Utility function over consumption (C) and leisure (L) 11 U(C.L)…
A:
Q: Potential GDP 450 C+I+G+X-IM) E T 4,000 5,000 6,000 Real GDP (billions of dollars per year) In…
A: When there is an excess of total disposable income above the value of available items at a specific…
Q: 4. Show that in a two-person zero-sum game min max h(i, y) > max mịn h(i, j)
A: Two per son zero sum game is a one of the game type in which one players gain is the loss for the…
Q: Which of the following is the total demand for goods? A. Y B. C+I+G C. C+I+G-T D. G-T
A: In an economy, total demand refers to the amount of goods and services required by the people of a…
Q: The U.S. government contributed to the severity of the Great Depression by O a) increasing both the…
A: The actions of The US government and the Federal Reserve contributed to the Great Depression. The…
Q: Describe the ways the various components of GDP were impacted by the pandemic? Plz do fast asap.
A: GDP refers to the total production of goods and services in an economy during a year. Components of…
Q: What are the health care reform options?
A: Health Care is the basic necessity of life.
Q: Q3) Taiwan is a major world supplier of semiconductor chips. A recent earthquake severely damage the…
A: Elasticity is a basic statistic for how responsive an economic variable is to changes in another…
Q: In the below graph, which of the following could cause a change from SRAS1 to SRAS2? Price level (P)…
A: Answer -
Q: Which of the following is the total demand for goods? A. Y B. C+I+G C. C+I+G-T D. G-T
A: Total demand for goods is the aggregate summation of all goods produced by the different sector of…
Q: economists were laissez-faire in their policy recommendations, having faith that the economy would…
A: Answer -
Q: What happens to aggregate demand (AD) if the price level rises? O a) The quantity of AD increases. O…
A: Aggregate demand refers demand of all the goods and services by the consumers in the society at…
Q: A sub-game perfect Nash equilibrium is defined as O A) a set of strategies that are a Nash…
A: Static game where players moves simultaneously. Dynamic game where players moves sequentially.
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A: Price elasticity of demand is the ratio of the percentage change in quantity demanded of a product…
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Q: Discuss some products and markets that are good examples of Monopolistic Competition. Like the…
A: Market refers to the place where all economic agents come together to carry out all their economic…
Q: Price and cost (dollars per pair) 150 MC 125- 100 ATC 75- 50+ 25- MR 100 200 300 400 Quantity (pairs…
A: Equilibrium is at the point where MR = MC and MC will be upward rising.
Q: D9) Given current prices, Johnson spends all his free time on pursuing gold (x1) from Danny, which…
A: Given, Marshalian Demand (X1,(P, I) = I/P1 Hiksian Demand XH1(P1, U) = U/S
Q: An estimator that is correct (i.e., it is equal to the true population parameter ) more than half of…
A: In economics, an estimator refers to a specfiic variable used by the researcher to get an estimation…
Q: 5. The Bureau of Economic Analysis reported that, in real terms, overall consumer spending increased…
A: Given, Marginal propensity to consume (MPC) = 0.52 Consumer spending increased = $66.2 billion…
Q: Q) The market demand for the output is P= 80 - Q, where Q is the output level and P is the price per…
A: Given that:- Price of labor at the competitive equilibrium in the labor market…
Q: If interest rates increase in financial markets, then...
A: Interest rates are defined as the charges taken by the lenders for the money lent ti the borrower.…
Q: How can the existence of asymmetric information provide a rationale for government regulation of…
A: Asymmetric information is a situation the information possessed by the parties is not symmetric. In…
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- Explain the phrase - "Man must fit his technology with ecology."Q: In your opinion, who should be the owner of the product created in manufacturing process?Explain why new entrepreneurial business owners select or target their customers. What are the disadvantages associated with not choosing the customers?
