What is the relevance of productive and allocative efficiency to the economic growth process?

Q: 1. Discuss the details of the Luckin scandal.

A: Luckin is a beverage retailer. As part of the IPO and to attract investors, companies share their fi...

Q: The Brazilian real expected to depreciate against the dollar in the next month by 1%. The standard d...

A: The exchange rate is the value of one country's currency concerning the other country's currency. Ev...

Q: he markel för lavored water is characterized by the following supply and demand functions: upply: Qs...

A: Here we calculate the following terms by using the given demand and supply function and conclude the...

Q: Which of the following is the best definition of the opportunity cost of a decision? The sum of all ...

A: The concept of opportunity cost does not always work since comparing two choices quantitatively can ...

Q: Four sectors of the U.S. economy are (1) livestock and livestock products, (2) other agricultural pr...

A: Given, The economy of the United States is divided into four segments. (1) livestock and livestock p...

Q: tarting from an initial equilibrium price, a surplus at that price can be created either by an incre...

A: The equilibrium quantity and price of a good sold in the market is determined by the demand and supp...

Q: Consumer surplus exists when a A) person buys something with a marginal benefit more than what they ...

A: Consumer surplus can be understood when the consumer willingness to pay is higher than the actual ma...

Q: ppose many NC counties are producing tobacco. The state government wants to reduce people's nsumptio...

A: Answer to the question is as follows:

Q: Last year the average price for an airline ticket was $400, but the average price dropped to $350 th...

A: Answer: Given, Airfare (price per ticket) Quantity supplied (millions of seats) $0 0 $175 350...

Q: Under a purely fiexible exchange rate system: O a. Supply and demand set the exchange rates. O b. Go...

A: Flexible exchange change rate system is the one where the currency price of an economy is set by the...

Q: The following table shows the weekly demand and supply in the market for ice cream in Detroit. dy To...

A: * ANSWER :-  Given that ,

Q: Show Full Solution ! *using DEFERRED ANNUITY formulas only *use given data below Answer: 14,170.27 Q...

A: PV =? Monthly withdrawals = 500 monthly  

Q: The equilibrium price of a good is $30. Supply of this good is more elastic than demand. 5uppase the...

A: The initial equilibrium price is $30 Price received by sellers after-tax =$24 and the price paid by ...

Q: Part 2: First Long Question There are two French bakeries in a small town: Le Meilleur Croissant (C)...

A: For the above game Bertrand price competition is possible in which the one with higher marginal cost...

Q: A possible explanation for a change in supply from S2 to S1 is

A: The quantity of units of goods or services that a provider is willing and able to bring to market fo...

Q: Suppose firms incur transportation costs to sell their product abroad. How do transportation costs a...

A: Transportation costs are the prices likely to be changed abroad and how to make up a larger share in...

Q: 3. Galns from trade Consider two neighboring island countries called Feliddad and Bellissima. They e...

A: Answer: Given, Total hours available per week= 4 million labor hours Country Jeans (pairs per hou...

Q: yment, $2,000 interest from bank accounts, and S25,000 profits and dividends. Of this income, she ha...

A: Gross domestic product means "GDP" and addresses the complete money related worth of every single la...

Q: A large number of students took a departmental math test 6.5% of students scored  88 or more from th...

A:

Q: Suppose that each of the economy’s 600 young agents has deposits worth 100 goods with a bank no matt...

A: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-parts at a...

Q: Define Economic Stagnation

A: Inflation refers to rise in average price level of goods and services.  Economy is at full employmen...

Q: 6. Suppose a government agency improves well quality from wo to wi at a cost of C, and observes an i...

A: A cost is that the worth of cash that has been wont to build one thing or offer a service and is not...

Q: Assume an economy with a coal producer and a steel producer. In a giver ons of coal, selling for $5 ...

A: Given that  The coal producer pays $50 million wages and steel producer pays $40 million wages,  hen...

Q: Assume that Country A has an efficiency in output market. However, efficiency in the use of input pr...

A:  ANSWER   Assume that Country A has an efficiency in output market. However, efficiency in the use...

Q: Holly's utility function is U(c1, c2) = c21 + 0.87/22, where cį is her consumption in peric and c2 i...

A: In economics, utility function is an important concept that measures preferences over a set of goods...

Q: Which of the following statements does not contain a negative or hidden negative? O We hope you'll e...

A: Answer- The answer is "D" you have more choices and flexibility with our new reward program.

Q: $50,000 on food and other consumption goods, $20,000 on vacations abroad, saved $10,000 in her retir...

A: In economic aspects, (GDP) is how much a spot produces in a measure of time. Gross domestic product ...

Q: Suppose that each firm in a competitive pizza market has the following identical cost:  Total cost: ...

A: TC = 25 + 1.5Q2  TC has two parts, fixed and variable cost. Fixed cost is independent of the quantit...

Q: 1. A shop sells animal dolls at a very steady pace of 10 per day, 310 days per year. The wholesale c...

A: Given: The wholesale cost of the dolls is = $5 The annual interest rate to compute holding cost is =...

Q: Question 41 The following equations describe the economy: C = 150 + 0.9Y 1 = 150 G = 250 X 200 IM = ...

A: GDP is the sum of consumption, investment, government spending and net exports. Net exports is the d...

Q: Today you invest P100,00 into a fund that pays 25% interest compounded annually. Three years later y...

A: Interest rate: A loan fee lets you know how high the expense of getting is, or high the prizes are f...

Q: Illustrate the appropriate change and specify whether each change represents an increase or a decrea...

A: The supply for a commodity depends upon multiple factors known as the determinants of supply. Sx = f...

Q: What is the differnece of mission statements of a fortune 500 comapny in terms of composition and im...

A: Company: A company is an entity which is legally binded under the law. The company is generally form...

Q: Henry Mueller Supply Co. sells vibration control equipment for wind turbines exposed to harsh enviro...

A: Here at initial period net cash flow is zero ( 1000-1000)  And it is kind of ordinary annuity . Wher...

Q: Suppose that country has adopted a risk-adjustment scheme to help combat risk selection. Suppose fur...

A: What Exactly Is Risk Adjustment?? Health insurance companies perform an annual risk adjustment proce...

Q: Why is technical writing vital in our everyday lives?

A: Technical writing is written to educate, instruct, or lead someone on how to do a task.

Q: QUESTION 18 Which of the following best explains why isoquant curves have the "curved" shape that th...

A: Isoquant refers to the curve that shows the different combinations of inputs that can produce the ou...

Q: Which of the following statements is correct? A) An increase in price decreases consumer surplus. B)...

A: Demand curve shows quantity demanded by consumers at various prices. Its slopes downward and it refl...

Q: Consider the following statements about the Stackelberg game from the slides, assuming both firms ar...

A: Answer-

Q: Apply the three classes: core states, semi-periphery states and periphery states to see how a neo-Ma...

A: Neo Marxist identifies the problems from the class as a view on the (a) the false consciousness like...

Q: Explain what responsibilities of "cost control" are in a project associated with the making of a Hol...

A: Step 1: Cost control: Cost control is the act of recognising and lessening operational expenses to b...

Q: When the two countries did not specialize, the total production of jeans was 17 million pairs per we...

A: Given:   Jeans Rye Dolorium 4 16 Arcadia 5 10 Note: Data for production of jeans and rye t...

Q: The problem of adverse selection in environmental economics refers to how, with poor information, co...

A: "Since you have asked multiple questions, we will solve first question for you .. If you want any sp...

Q: Suppose Spain produces two types of goods: agricultural and capital. The following diagram shows its...

A: Given: Types of goods produced: Alfafa, Agricultural good Locomotives, capital good

Q: Why might we not consider livestock as money, even if it could be used to trade for goods and servic...

A: Money is a commodity accepted by general consent as a medium of economic exchange. 

Q: if it is no trade, what is the equilibrium price and quantity of sugar in Sri Lanka?

A: No-trade equilibrium price:- The no-trade principle in economics asserts that if marketplaces seem t...

Q: On the basis of the three individual demand schedules below, and assuming these three people are the...

A: Market demand schedule for a private good is the horizontal summation of individual demand curves. T...

Q: d r

A: Globalisation refers to convergence of economic , political and cultural systems . On the other hand...

Q: Find the value after 20 years in pesos of an annuity of P20,000 payable annually for 8 years, with t...

A: Annuity = 20,000 n = 8 years First payment at the end of 2nd year, this means we can sat at the star...

Q: The major hypothesis of the structural change model is that development is an identifiable process o...

A: The structural change theory examines how undeveloped economies shift from a significant reliance on...