Which of the following government policy will not have long term effects on th economy. O the Canada Worker Lock Down benefits O policy for productivity growth. government funded early childhood development program immigration policy that changes labour supply.
Q: M/c question - Micro 23) When a firm in a competitive market receives $5000 in total revenue, it ha...
A: "Since you have asked multiple questions,we will solve first question for you .If you want specific ...
Q: Suppose the government runs a budget surplus. Compared to a balanced budget, the real interest rate ...
A: Since you have posted multiple questions, we will solve the first question for you. If you want any ...
Q: 4. The formula in computing breakeven point per unit is to * Deduct margin of safety from budgeted s...
A: The Break-even point is the point where the total revenue of the firm equals its total cost. In othe...
Q: O Both types would be made worse off O Both types would be made better off O Qualified would be bett...
A: Here in an economy with competitive markets has 2 kinds of jobs, Routine & Skilled. There are 2 ...
Q: CLASSES OF GAMES Consider the following game in strategic form. bị b2 b3 a1 6,1 2,2 8,3 a2 9,6 5,4 3...
A: Given information Game pay off matrix
Q: MODIFIED TRUE or FALSE. Write "T" if the given statement is TRUE, correct and valid. Write "F", if o...
A: Note:- Since we can only answer one question at a time, we'll answer first three. Please repost the ...
Q: Jacob manages a cloth manufacturing firm. He is deciding whether or not to invest in new machinery. ...
A: Net Present Value is the present value of all future cash flows of any investment. It is given by th...
Q: Canada's progressive income tax system results in a more equal after-tax distribution of income when...
A: Tax refers to the compulsory charge taken by the government of the country from individuals without ...
Q: Explain in at least 5 sentences: Give three specific examples of three different views (schools of e...
A: There are many theories of economics, some theories proved to be right according to the situation bu...
Q: given this payoff matrix what should SA and V choose to do? is there a prisoners dilemma? Qon 3m 744...
A: Given Pay off matrix
Q: alts of an investigation into the matter, as portrayed in Graphs A and B. A. Market for Computer Sof...
A: Equilibrium is achieved at the output level where Qs equals Qd.
Q: Consider the economy of Prometheus represented by the following information: Marginal Propensity to ...
A: As we know that Income is equal to total demand of goods and service in the economy when it is in eq...
Q: What can you say about Tax incidence in the Philippines, who carries the burden more? Give examples ...
A: Tax incidence is an economic term for the distribution of tax burden between producers and sellers. ...
Q: Instructions: Enter your answer as a whole number. If you are entering a negative number include a m...
A: The aggregate supply is the total amount of services and commodities that firms in an economic plan ...
Q: Trade between nations can be mutually beneficial if one country has a monopoly. an absolute advanta...
A: When two countries are involved in an international trade there are always gains from trade.
Q: if the government imposed a price ceiling on oil and gas prices? How would this affect the market in...
A: The oil sector is largely affected by the law of supply and demand. Oil price expectations are one ...
Q: small a small open economy, illustrate how a fiscal expansion (such as an increase in government spe...
A: Fiscal Expansion is defined as the government spending is higher than their revenue, this condition ...
Q: 2. Given the following information: U = XY; PX = 5; PY = 10; I = 200, a. mathematically show the (i...
A: Budget constraint:- PxX+PyY=I Therefore; 5X+10Y=200 Utility Function; U...
Q: Give an example of an Elastic product, what makes it elastic? What can make it become inelastic? Gi...
A: The demand for the product is elastic when the change in quantity demanded of the good is more than ...
Q: Write the professor Knight's view about the " Uncertainty Bearing" Theory of profits?
A: Answer: According to Prof. Knight's conceptual framework, the entrepreneur's specific function is t...
Q: If there is an increase in productivity or an increase in the demand for the final product, what is ...
A: Labour demand curve is downward sloping and it shows the relationship between wage rate and the quan...
Q: Find the compound amount after 9 years and 3 months on a principal P = $3000, if the rate is 6%, com...
A: Given information: Principal amount (P): $3000 Interest rate (r): 6% Compunding period (m): 4 Time ...
Q: The demand for goods of an industry is given by the equation PQ = 100, where p stands for %3D price ...
A:
Q: Graphically explain the negative effects of quotas. How about subsidies? Label and explain results...
A: A quota is a limitation or upper limit set for the use, availability, or consumption of goods. A sub...
Q: 1. The CPI is more commonly used as a gauge of inflation than the GDP deflator is because the a. CPI...
A: "Since you have asked multiple question ,we will solve first question for you.If you want specific q...
Q: In its 2021 Budget, the Canadian federal government estimated that for the fiscal year 2021-22, its ...
A: Large federal budget deficits are dangerous to the fiscal health of the Canadian federal government....
Q: A firm operates in a perfectly competitive output market and a perfectly competitive input market. T...
A: f(N,K) = 4N1/2 K1/3 Differentiate f(N,K) w.r.t N to get MPN => MPN = df(N,K) / dN => MPN = 4 *...
Q: P1. Let’s assume there are only 2 countries that produce 2 good. More specifically, suppose that t...
A: Given: The US can produce 40 units of Wine with 1 unit of productive resources and 40 units of Cloth...
Q: Suppose that a technological innovation increases the marginal productivity in a perfectly competiti...
A: Marginal Product of Labor (MPL): - it is the change in total production due to the employment of an ...
Q: A Company wants to prioritize the efficiency and effectiveness of its company. On the advice of the ...
A: We discount all the future cash inflows to find the present value of the benefit. We then compare th...
Q: A prescriptive model of the BGS relationship would be one that tells us how that relationship does w...
A: Business-wide term incorporating a reach of actions and foundations. Government - alludes to designs...
Q: Solve the problem. A beverage company works out a demand function for Its sale of soda and finds it ...
A: When the demand is inelastic, the percentage change in quantity demanded is less than percentage cha...
Q: 5. The price p (in pesos) and demand x for kimchi orders in a month are related by (x – 800)? – 1,53...
A: If the price is increasing at the rate of 10 per month it means next month price will increase by 10...
Q: A manufacturing company has been working with one of its primary suppliers to improve the quality of...
A: COQ is a methodology that allows an organisation to identify how much of its resources are spent on ...
Q: If we assume that a cafe owner wants to increase the number of people she can serve lunch to and is ...
A: Answer: Introduction part: To some extent, all economic resources are interchangeable.The cafe owne...
Q: Which of the following statements is (are) correct? (x) One of the largest categories of federal g...
A: Government budget is defined as a legal document which is prepared by the government or any other go...
Q: What is the impact of air transport on the hospitality and tourism industry?
A: '' Since it is multiple question, we will solve the first question. If you want any specific questio...
Q: Federal Reserve & Open Market Operations If the Fed shifts to a more restrictive monetary policy, an...
A: The Federal Reserve is the Central authority of United States to make open market purchase or sale o...
Q: Derive the relationship between MPL and MC algebraically. Why is this relationship critical to showi...
A: When one additional unit of labour (in most situations, one additional employee) is added to a compa...
Q: "If a normal form game has no pure strategy Nash equilibrium, then in any Nash equilibrium, at least...
A: Statement true
Q: According to MMT : Group of answer choices a. none of the above b. Government deficits are ...
A: The Modern Monetary Theory (MMT) is an economic theory that proposes that the government could spend...
Q: Define returns to scale and it's all aspects.
A: Returns to scale Returns to scale refers to the proportionality of changes in output when all inputs...
Q: Country X can produce 1,000 units of food and 2,000 units of clothes. Country Y can produce 1,000 un...
A: Country X can produce 1000 units of food and 2000 units of clothes. Country X's opportunity cost of...
Q: Explain some of the possible reasons why consolidations, mergers, and acquisitions occur.
A: 1. Only those businesses who can demonstrate their ability to flourish in a cutting-edge environment...
Q: How does international trade affect the economic well-being of the Philippines? Explain who gains an...
A: International trade is the exchange of goods and services that goes in between the countries, and h...
Q: Which would one use if you wanted to understand why income changes in a country? A. development ...
A: Cobb Douglas production function: Y = AKα L1-α. Where Y is output (or income) A is total factor prod...
Q: . Assume that money velocity is constant. . Suppose the money supply increases by 12%. What do you e...
A: a. If money supply rises but velocity remains constant, the output must rise to keep prices from fal...
Q: wns a house that is worth $100,000. There is a 0.1% chance that the house will be ly destroyed by fi...
A: We have, House worth is $100,000 Destroy chance by fire = 0.1% u(x) = x x = wealth
Q: 39) A profit-maximizing firm in a competitive market produces small rubber balls. When the market pr...
A: "A profit-maximizing firm will always produce at a point where it's marginal revenue equates the mar...
Q: 1. If demand is equally elastic, and price increases from 5 to 7, what is the total change? If price...
A: When talking about elasticity of demand, it is the economic concept which explains the responsivenes...
Step by step
Solved in 2 steps
- Improvements in their productivity of labor will tend toFishyland is a small country that focuses on her fishing industry. She has a production function of Y = 60L0.4K 0.6 . where L is labour and K is capital. a. Calculate the real wage rate of labor. b. Suppose the World Bank grants more fishing tools to Fishyland. From the answer in (a), will a typical labor in Fishyland benefit from this? Explain.The per-hour output produced by a worker describes the: Group of answer choices labor force participation rate. productivity of workers. capital per worker ratio. nominal worker growth standard.
- What are the current productivity trends in Australia?Imagine two countries, i and j. You have the following information: si = 2 sj hi= hj 2Ai = Aj What can you infer about long-run income per worker differences between these countries? Explain formally.This is a really straightforward problem of human capital acquisition. Let ht stand for generation t's human capital (i.e., human capital of people born in year t). Assume that education spending, represented by x and quantified in $1,000 US dollars, builds human capital. If x = 30, the entire expenditure is 30,000 dollars, and the individual's human capital is ht = 2x.Assume that everyone has the same amount of human capital and that production per person is the same.Individual is yt = Aht, where A > 0 is a constant technological parameter.Find yt's (long-term) growth rate. Display all of your work and explain how you arrived at your conclusions.
- If there was an adverse technological shock which decreased the demand for labor, then A. GDP would decrease. B. GDP would increase. C. Imports would decrease. D. Imports would increase.Ma1. two countries have the same effectiveness of labor production function Y = F (K,LE) = K^0.5 (LE)^0.5 a. what is the per effective worker production function for these countries? b . what is the steady state value of y as a function of s, n, g, and δ only? c. countries A and b are identical in every way except rate of savings. countries A has a savings rate of 17 percent and country B has a savings rate of 10 percent. for both countries the rate of technical progress is g = 0.04 the birth rate is n = 0.05 and depreciation δ = 0.04. find the steady state value of y for each country. compare and commentConsider Table 1 above. Which country's labor force has a lower productivity? A) Uruguay B) Paraguay C) Uruguay and Paraguay labor forces that are equally productive. D) impossible to say.
- What are multinational corporations (MNCs) and what economic roles do they play?The globalization of production may have:Select one:a. increased the inefficiency of labour productivity.b. caused real wages to rise by unusually rapid rates.c. pulled down the real wages of unskilled workers - and therefore the average realwages of all workers.d. increased the demand for unskilled workers and increased their real wages.e. reduced employer interest in pay-for-performance schemes.Migration of workforce is targeting the developing countries. Select one: O a. True O b. False