Why did ancient Rome advocate natural economy and oppose commodity economy? Explain in detail

Q: Suppose the short-run equilibrium level of real GDP is $3,000 billion and the MPC = 0.75. If full…

A: Given  Short run, real GDP is $3000 and Full employment GDP is $4000 MPC=0.75. We know from the…

Q: What is the present value of $100 paid two years from now when the interest rate is 10 percent?

A: Given value  of $100 paid 2 years from now Interest rate = 10 % Time = 2 years

Q: marginal propensity to consume is 0.75. At the market interest rate of 7 percent, planned investment…

A: The marginal propensity to consume 0.75 .at the model interest rate of 7 percent, planned investment…

Q: The IMF forecasted Australia’s real GDO at $1,730 billion in 2017 and $1,732 billion in 2018, and…

A: Introduction  GDP measures the monetary value of final goods and services—that is, those that are…

Q: iven the following on a closed economy , determine the following. The equilibrium level of…

A: The above question is based on the concept of national income accounting where we have to calculate…

Q: A toy factory Avengers can generate 50 (CO2) emissions without any regulation. The marginal control…

A: Given that, Emission without regulation = 50 units  Emission after the regulation = 20 units

Q: Refer to the figure. If the firm is in a competitive market. What will the firm do in the short…

A: A competitive firm is a price takers, they have no control over the market price. This is so because…

Q: There are a number of instruments for trade intervention and the traditional forms of protectionism…

A: 5) In international trade, the government can intervene to protect the domestic industries from the…

Q: With fixed costs of $400, a firm has average total costs of $3 and average variable costs of $2.50.…

A: Here, given information is: Fixed cost: $400 ATC: $3 AVC: $2.50 To find: output

Q: Assume the monetary policy curve is given by r = 1.5 +0.75. a) Calculate the real interest rate when…

A: Given information: We have provided the monetary policy curve equation, i.e., r = 1.5 + 0.75π Note:…

Q: 4. Inflation benefits people who a. lend at fixed interest rates. c. save at fixed interest rates.…

A: We know that if inflation increases then the purchasing power of money decrease. Also, the real…

Q: On December 31, 2021, Annie bought a fitness center with exercise equipment and a building worth…

A: Net investment = Capital investment - Depreciation.    Depreciation is the normal wear and tear…

Q: Eddie's Precision Machine Shop is insured for $700,000. The present yearly insurance premium is…

A: The premium based on coverage is the sum that we pay for insurance on the basis of a particular…

Q: Fill in the blanks: Coat incurred in per unit production is....

A: Cost of production occurs while producing goods and services in the economy. The production of these…

Q: Classify each of the following based on the macroeconomic definitions of saving and investment.…

A: Investments are made when capital assets are bought to produce the goods and services, which means…

Q: The table sets out the data for an economy when the government's budget is balanced. Real interest…

A: The intersection of the loanable funds market's equilibrium points for supply and demand is known as…

Q: The top 30 countries account for about what percentage of the world’s exports:   25%   50%…

A: Exports are the goods and services sold from one country to the other country.    Imports are the…

Q: Use the analysis for the market for loanable funds diagram to illustrate and explain how the…

A: The equilibrium in the loanable funds market occurs at such an interest rate where the demand for…

Q: A recent government study reported that a college degree is worth an extra Php 35680 per quarter…

A: Given,  i = 6% i.e 0.06  n = 40 years  Extra amout per quarter = Php 35680

Q: The interest rate is 6 percent a year and you expect to receive $1,000 next year and the following…

A: Given  Rate of interest =6% per year First-year end, we expect to receive $1000 and the following…

Q: uppose that we are considering the market for windmills. The private demand for electric cars is…

A: Positive externality refers to the positive spillover benefits of the good to the third party which…

Q: suppose an industry consists of 10 identical firms with no fixed cost and marginal cost equal to MCi…

A: Given  Market demand function in the industry: P=840-0.5Q            ......(1) Each firm in the…

Q: Following the Keynesian cross, if there is a sudden tidal wave of investment, then it must be true…

A: as we know that AD=C+I in two sector closed model. where I stand for investment and is positively…

Q: . Michael Porter’s Diamond Model comprises FOUR major elements. With the use of examples, briefly…

A: 3) Michael Porter's diamond model states that there exist certain factors that cause competitive…

Q: Use the consumption function shown to answer the following questions. At what level of income is…

A: Consumption + Savings = Income  Consumption Function: C = a + bY Where a is autonomous consumption…

Q: Find the backwards-induction outcome for the following game. L R 2 R'

A: The backward induction method is used to calculate the equilibrium point in the sequential game.…

Q: Question 32 Which of the following is included in net government incom social security benefits…

A: Which of the following is included in net government income.

Q: 3. Refer to the budget constraint for jeans and T-shirts in the figure below. Which of the following…

A: Here we are given the budget line curve and some bundles. Based on this we will determine whether…

Q: What is the present equivalent of a uniform series of quarterly payments of $4,500 each for 4 years…

A: The present worth of the cash flow series means computing the value when t = 0 at a specified rate…

Q: Given that the MPS in an economy is equal to 0.25, the multiplier is equal to (Round your answer to…

A: Marginal Propensity to Save (MPS) is a theory propounded in Keynesian macroeconomic theory, which…

Q: In case the price of a product and the total revenue from that product move in the same direction,…

A: When a product's price changes by a particular percentage but the market's demand changes by a…

Q: an increase in the CPI from 200 to 225 would indicate an annual rate of measured inflation o -3% b.…

A: The annual rate of inflation could be measured by the following formula: Inflation Rate =…

Q: Economy’s entire money supply is $400,000 and required reserve ratio is 15%. As a result of the…

A: Part (a)  When 8000 is repaid, as per rule bank require to keep 15% of the deposit as a reserve…

Q: Y 0 Slope: negative and increasing X

A: Slope determines the change rate in the dependent variable as the independent variable changes. It…

Q: In a simple economy (assume there are no taxes, thus Y is disposable income), the consumption…

A: Consumption function we have C=100+0.75Y And the investment I=300

Q: Suppose you are given the following information: Qs = 200 + 3P                     Qd= 400 – P…

A:

Q: Refer to Figure 13-2. Ceteris paribus, an increase in the number of workers and firms adjusting to…

A: The price level is the average of current prices across an economy's entire range of goods and…

Q: What is the present equivalent of a uniform series of quarterly payments of $4,500 each for 8 years…

A: Given  From the first quarter of year 1 to 4th quarter of year 8, the payment is $4500 From the…

Q: Suppose the demand for apple is inelastic and the supply of apple is elastic, and the demand for…

A: incidence of tax is totally dependent on the elasticities of demand and supply curve of the consumer…

Q: A person buys a piece of lot for Php 104239 down payment and 10 deferred semi-annual payments of P…

A: The present value of cash flows in future is an approach of discounting cash that an individual…

Q: Mike and Sophie are splitting up and need to decide who will get the car they purchased together.…

A: given that, Mike's bid is $5000 Sophie's bid is $4500

Q: In the graph you've just made, what is the level of private saving when the government has a $1…

A: Private savings is that amount of income which is left for consumption after taxes. Private savings…

Q: movement from point A to point B represents: movement from point B to point C represents: movement…

A: Refer to the diagram to answer the following.

Q: Extra Expense coverage is included in which of the following forms? 1. Condominium Association…

A: the coverage that covers the non-ordinary expenses of the company, is known as extra coverage. This…

Q: 4. Consider a Stackelberg game where firm 2's reaction function is given by R₂(9₁) = (a — 91-c)/2.…

A: Here we are given the reaction function of firm 2 which provides the profit maximization level of…

Q: Are there certain small businesses (or industries) that would not benefit from going global?…

A: The benefits of focusing on local markets are undeniable. The networks there actually support the…

Q: Raman noodles are an inferior good. If all consumer's incomes decrease, then the ____ curve shifts…

A: Inferior good are those goods which has negative relationship between the income of the consumer and…

Q: You and your best friend want to hire a professional photographer to take pictures of your two…

A: Producer surplus means the difference between total marginal cost and revenue.

Q: ANNUAL WORTH ANALYSIS-THEN AND NOW Background and Information Mohamad, owner of an residential…

A: As per Bartleby policy, only the first three subparts are answered, if you want any specific part to…

Q: What is the rate of return when 12 shares of Stock A, purchased for $22/share, are sold for $465?…

A: Introduction: The rate of return can be calculated by dividing the profit by the total cost. Here,…