Some economists say that the government can continue running a budget deficit forever. How is that possible?

Q: ssume there is no price discrimination: Matthew, Rachel, Janice, and Mandy own the only ice company ...

A: A monopoly is a market structure in which there is only a single production entity that possesses ex...

Q: How has the balance sheet of the Fed changed over the years? Explain why

A: The central system of banking of the United States of America is the Fed or the Federal Reserve Syst...

Q: 10. Timmy's Trophies operates in a perfectly competitive market. If trophies sell for $20 each and a...

A: Answer to the question is as follows :

Q: If your tuition is $5,000 this semester, your books cost $600, you can only work 20 rather than 40 h...

A: Opportunity cost refers to the value of something that must be given up in order to get some other b...

Q: MONETARY INSTITUTIONS (chapter 17) Questions: Explain briefly Gresham's Law. Note: please do not giv...

A: The currency market is a place where multiple currencies are bought and exchanged by individuals fro...

Q: Seeing the huge demand for pens, the government decides to impose price controls on masks. Consider ...

A: Price ceiling is a price control measure imposed by government to protect the consumers from paying ...

Q: Donuts and coffee are complements. When the price of a donut increases, the demand for coffee the cr...

A: Cross price elasticity refers to the responsiveness of quantity demanded to changes in the price of ...

Q: Let M2 = Currency + Deposits + Time Deposits + Money Market Mutual Funds Let t be the time deposit r...

A: M2 measures the money supplyMs) that includes all elements of M1. M1 is more liquid as compared to M...

Q: People often believe that large firms in an industry have cost advantages over small firms in the sa...

A: Individuals generally feel that big businesses have economic benefits in a sector over smaller compa...

Q: _______ A monthly index that measures changes in pricesthat consumers pay for goods is referred to a...

A: When there is a gradual increase in the price level of all goods and services in an economy, then th...

Q: 1._______ The total value of a nation’s exports minus thetotal value of its imports over some period...

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

Q: determinant of the price elasticity of supply is the extent to which elect one: O a. the demand for ...

A: Price elasticity of supply depicts how much producer respond with the change in price. 

Q: Use the FX market diagram to answer the following question. Consider the relationship between the Me...

A: We will use couple of FX market diagrams to answer the relationship between FX rates with country's ...

Q: The likelihood that a child will attend a love musical performance modeled by: q=0.01(0.0005x2+0.41x...

A: The income elasticity of demand is an economic variable that measures the responsiveness of demand f...

Q: According to the BEA, in the second quarter of 2012 state and local government spending on goods and...

A: The expenditure approach to deal with a GDP considers the amount of every final service and good bou...

Q: The REDY Company produces a specialty cement used in the construction of roads. REDY is a price-sett...

A: Q = f( P, M, PR) The intercept is the point where quantity is 0 at a given price. In this case, when...

Q: Suppose that the tuna industry is in long-run equilibrium at a price of $5 per can of tuna and a qua...

A: If CEQ announces that the chemical in tuna helps to prevent from spreading, then the consumer will d...

Q: Econ question

A: A market is a place where the buyers and sellers interact with each other and the exchange of goods ...

Q: Describe tools that the US Treasury and the Federal Reserve use to undertake restrictive monetary po...

A: A restrictive monetary policy aims to tighten the money supply and control the liquidity in the econ...

Q: In the following production function: f(x1, x2) = Ax1α1 x2α2 , where A, α1, α2 > 0. What is the m...

A: Answer to the question is as follows ;

Q: Create a graph for a short-run aggregate supply curve. Use the variable ‘Price Level’ for the vertic...

A: The supply curve graphically represents the supply schedule and it shows that if the price level inc...

Q: Draw the curve of monopolistic competitive market when experiencing short-term losses, what should p...

A: Monopolistic competitive market -short term losses. Short run losses- (ATC-Price)× Quantity.

Q: How does the problem of limited and bundled choice in the public sector relate to economic efficienc...

A: ANS In the political process, the minimal and bundled option appears to decrease economic efficiency...

Q: econ question

A: In the long run, firm is producing output at the point where the average total cost tis minimum and ...

Q: Holding national savings constant, does an increase in net capital outflow increase, decrease, or ha...

A: The real GDP(RGDP) measures the value of all final goods(g) and services(s) produced within the dome...

Q: In the circular flow model of an economy, households Select one: O A. receive income from the sale o...

A: Economist has developed a circular flow of income to provide better information about the income and...

Q: Is the Federal Reserve considered to be independent in its development and implementation of monetar...

A: The Federal Reserve is considered to be an independent agency of government and is accountable to pu...

Q: The four people listed below are the only workers In an economy that works 10 hours per day and only...

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

Q: Why might a tax on domestic consumption of resources critical for national security be a more effici...

A: The three main barriers to  IT (international trade) are common barriers. like distance & langua...

Q: Minister of labour, Thulas Nxesi, has gazetted South Africa’s new minimum wage which will take effec...

A: The minister of labour, Thulas Nxesi, has gazetted South Africa’s new minimum wage, which will take ...

Q: Supply and Demand Schedules for PlayStation5 - Digital Edition P in USD Quantity Demanded Quantity S...

A: We are going to use the concepts such as Market equilibrium, Price elasticity of demand.

Q: Suppose the income elasticity of demand for furniture is 3.0 and the income elasticity of demand for...

A: Definition of Income elasticity of demand : Income elasticity of demand refers to the responsiveness...

Q: The average variable cost curve and the average total cost curve get closer to each other as output ...

A: The average variable cost refers to the variable cost per unit. The average total cost is the summat...

Q: My friend’s aunt used to drive a Lincoln/Mercury Capri. It cost $2,999 in 1973. This sounds inexpens...

A: The consumer price index in the year 1973 was 44.4. The latest CPI that is CPI in year 2020 Septembe...

Q: Which is the better value for the money, $5.99 for a package of 8 cold remedy capsules or $1.48 for ...

A: Evaluate the two given options 8 cold remedy = $5.99 2 Capsules = $1.48

Q: n year 2018, the government of Qatar spent is 143 billion Qatari Riyal (the national currency of Qat...

A: GDP of an economy(e) refers to the market-value of all final goods(g) and services(s) produced withi...

Q: What is Law of Diminishing Return? Explain and show it with graph. What is Economic Region of Produc...

A: Microeconomics: It refers to the economics in which the study is considered on an individual not on ...