What is the importance ofexports to the U.S. economy?

Q: If you were a manager, in charge of a firm in a duopoly, how would you figure out what to charge for...

A: Duopoly is a market situation where there are only two sellers in the market selling identical produ...

Q: I posted this question earlier and the answer was provided for the first part (image Q2) please comp...

A: According to the given information, MPC (marginal propensity to consume) is 0.8 and MPS (marginal pr...

Q: - *Suppose Congress were to pass legislation requiring that businesses employing workers with three ...

A: In minimum wage law, there is a minimum wage that needs to be paid to the laborers, it is generally ...

Q: One of the significant problems in medical care markets may be the information problem. Asymmetric i...

A: Information asymmetry is the existence of a difference in the amounts of knowledge possessed by two ...

Q: Some politicians have suggested tying the minimum wage to the consumer price index (CPI). Applying t...

A: The minimum wage is the government determined wage rate that the employer in the economy should pay ...

Q: Explain the difference between the government purchases multiplier and the net tax multiplier. If th...

A: Answer: Government purchases multiplier: it refers to the change in national income due to a change ...

Q: Calculate the equity of the Gravel Construction Company if it has $10 million worth of assets. Grave...

A: Equity commonly alluded to as investors' value (or proprietors value' for secretly held organization...

Q: Suppose that the most popular car dealer in your area sells 2 percent of all vehicles. Instructions:...

A: Herfindahl index (HHI) can be calculated by using the following formula.

Q: What three institutions influence economics the most? Explain how each influences economics and prov...

A: Economics is referred as a social science. The word 'Economics' is originated from the GREEK word 'O...

Q: Economics Question

A: Production possibility frontier (PPF) curve shows the different possible combination of two goods th...

Q: Explain how economic forces such as employment, income, prices, interest rates, and consumer confide...

A: Demand for a commodity id desire backed by ability to buy and willingness to pay by an individual, f...

Q: Suppose there is a permanent decrease in the U.S. money supply. Trace the short-run and longrun effe...

A: You have asked multiple questions. We will answer the first question for you. If u want any specific...

Q: A global-positioning anti-theft device installed by one car owner can produce a positive spillover t...

A: "Since you have asked a question with multiple sub-parts, we will solve first three sub-parts for yo...

Q: Mustafa's reservation price for his économics textbook is $75. The week before the semester began, M...

A: Consumer-surplus(CS) is the difference of the market price(P) and the consumer’s reservation price. ...

Q: Samantha receives a starting salary offer of $60,000 for Year 1. If inflation is 3% each year, what ...

A: Time value of money: It refers to the present value of money which is more than the future value of ...

Q: Consider two firms with the following marginal abatement costs (MAC) as a function of emissions (E):...

A:

Q: A global-positioning anti-theft device installed by one car owner can produce a positive spillover t...

A: Spillover is an economic benefit, cost, event, or effect that occurs from the happenstance of anothe...

Q: Explain how accounting is used to track and monitor economic events that impact capital markets

A: Financial accounts play a vital role that allows businesses to keep a track of all the financial tra...

Q: Attached is a table, please use it to answer:   2018 Exports Answer (Remember to show work):

A: Answer: Given values (2018): Gross Domestic Product=$20,494.1Personal Consumption expenditures=$13,9...

Q: Currently, a monopolist’s profit-maximizing output is 400 units per week and it sells its output at ...

A: Profit maximizing quantity = 400 unitsSelling price = $60Firm’s total cost = $10000The marginal cost...

Q: How long would it take for the price level to double if inflation persisted at the following percent...

A:

Q: A global-positioning anti-theft device installed by one car owner can produce a positive spillover t...

A: Spillover refers to an economic benefit, cost, event, or an effect that occurs from another economic...

Q: Using three (key) points, how can national debt affect theeconomic prosperity of a country.?

A: The national debt consists of public and intra-governmental debt that is owed by the central governm...

Q: Yd Consumption Expenditure $ 0 $ 4,000 $ 10,000 $ 12,000 $ 20,000 $ 20,000 $...

A: Income can either be consumed or saved. Consumption refers to the expenditure incurred on the purcha...

Q: The dropdown section on image Q 5a are as follows: INCREASE DECREASE NO CHANGE

A: Fiscal policy refers to the government policy regarding tax and government spending which stabilizes...

Q: uppose that the Lorenz curve for a country satis 0.5 L(x) dæ = 0.06, nd the Gini Index is 0.6. | L(x...

A: Gini Index measures the extent to which the distribution of income among individuals or households w...

Q: Constant dollars are dollars Select one: O a.corrected for general price level changes. Ob. issued b...

A: Actual Dollars: The term actual dollars refers to the actual money that a person holds in his pocket...

Q: a) Using the following graph state the price and quantity the firm will be at if the monopoly market...

A: a. The monopoly is the market condition in which there will be only a single seller in the market se...

Q: Suppose that a monopolistically competitive restaurant is currently serving 230 meals per day (the o...

A: Given  Quantity (Q) = 230 Average Total Cost (ATC) = $10 Restaurant Recevies $13 per meal [P = $13] ...

Q: Tools MC Productive eff Profit maximiz ATC Allocative effi Demand MR Quantity b. In which of these t...

A: Profit maximization is where Marginal revenue equals marginal cost. Product efficiency occurs at suc...

Q: I'm a bit confused about how to answer this question. Please help

A: Productivity of a commodity is the total contribution towards the growth of GDP in the economy durin...

Q: The three people described in the following table are categorized as unemployed by the Bureau of Lab...

A: Structural Unemployment This type of unemployment occurs due to mismatch of skills possessed by the ...

Q: When putting up a franchise business, why it is better to buy the building?

A: A franchise is a venture between the giver and the taker. In this form of agreement the franchisor h...

Q: Suppose the price elasticity of demand for used cars is estimated to be 3. What does this mean? What...

A: Given the elasticity of demand = 3 Percentage fall in used cars = 10%  

Q: Next

A: Equilibrium Wage Rate: The wage rate at which the market demand for labor is equal to the market sup...

Q: If a firm produce zero, its cost must be zero in the short run? C True C False

A: The total cost of production can be divided into two components namely fixed cost and variable cost ...

Q: Read the following excerpts. Identify whether the policy action is fiscal or monetary and expansiona...

A: 1. This policy is fiscal policy. Fiscal policy is the policy used by the government to deal with bus...

Q: Ima Luckygirl recently found out that her grandfather had passed away and left her his Rocky Mountai...

A: (a) Money is now in the account in actual dollars is calculated as follows. A=P1+rn=50001+0.1075 =$6...

Q: The decision was made by NASA to abandon rocket-launched payloads into orbit around the earth. We mu...

A: Engineering economics is an economics division that attempts to explain and compare the expense and ...

Q: The work force of a certain factory is growing at rate of 2 per month while the average productivity...

A: The productivity formula is used to calculate the productivity of complete production process or of ...

Q: Is it bad for consumers if a large corporation drives down prices to eliminate competition? Explain

A: A situation when two or more rival companies lower the prices of a similar product with the aim to c...

Q: Did the legal doctrine of limited liability apply to protect the shareholders of Union Carbide Corpo...

A: Limited liability" is where an individual's monetary risk is restricted to the measure of venture ma...

Q: Aggregate expenditure is 790. Income is 730 and consumption is 720, income increases to 750 and cons...

A: “Hey, since there are multiple subpart questions posted, we will answer the first three subpart ques...

Q: If Standard Oil was a natural monopoly, what would happen to the average cost of producing gasoline ...

A: Natural monopoly is a case when over a range of production the market demand is satisfied but with d...

Q: If the government imposes a minimum wage which is lower than the equilibrium wage rate in the market...

A: A labor market refers to the platform where households supply labor to earn wages while producers de...