Question What is the natural rate of unemployment? a. The level of unemployment due only to frictional and structural unemployment rather than cyclical unemployment b. When there is no unemployment in the economy c. The level of unemployment that keeps the economy growing d. None of these

Q: Please give a detailed solution with an explanation. Please double-check your sources and make sure ...

A: GDP deflator measures the average price change in all the goods and services in the economy. Consume...

Q: consider the details of good X given and answer the questions below. Use illustrations If the govern...

A: The equilibrium price of a commodity is the price at which the quantity demanded of the commodity eq...

Q: Due to inflation in Australia in December 2019, the price for petrol increased from AUD 1.35 to AUD ...

A: Price elasticity is elastic when it is greater than 1 inelastic when it is less than 1 unit elastic...

Q: Explain why it is not economical for a firm to operate under increasing returns and negative returns...

A: Solution: Increasing return: It is the first phase of production. In this phase every additional var...

Q: bottom half    When Venezuela allows free trade of soybeans, the price of a ton of soybeans in Venez...

A: Producer surplus refer to the difference between the minimum acceptance price of the producer and ac...

Q: Compute the point advertising elasticity of demand (%ΔQX/%ΔA) of a medical supplier if the business ...

A: Given information, Initial advertisement spending: P8,000  Final advertisement spending: P10,000  I...

Q: using the price p=20 - .05x, use the Revenue function to find the marginal Revenue function R'(x), F...

A: p = 20 - 0.05x TR = p.x = 20x - 0.05x2 MR (R')= dTR/dx = 20 - 0.1x   (a) R'(100) = 20 - 0.1 x 100 = ...

Q: Due to inflation in Australia in December 2019, the price for petrol increased from AUD1.35 to AUD 1...

A: Due to inflation in Australia in December 2019, the price for petrol increased from AUD1.35 to AUD 1...

Q: There are two identified externalities involved with pig farming.  What are they?

A: ‘Externality’ is a cost or benefit that a person or a community receives but they have no control ov...

Q: Table 4-1 Price Quantity Demandedby Michelle Quantity Demandedby Laura Quantity Demandedby...

A: Quantity demanded is the total quantity of goods and services that the consumer is willing to purcha...

Q: Use the information below to answer the remainder of the quiz. Consider the market for a 3-year disc...

A: Hi Student, Thanks for posting this question. As per the guideline we are providing answer for the f...

Q: You have the following information for your product: The price elasticity of demand is -0.9. The in...

A: If the price elasticity of demand is less than 1 then it implies the demand is price inelastic. The ...

Q: 4. Given the following graph, briefly respond to the questions appearing directly below this graph. ...

A: The marginal rate of technical substitution (MRTS) in terms of economy describes the rate at which t...

Q: Lee wills loaned Audrey $17300 to open her shop after 5 years Audrey will pay back Lee with 16% inte...

A: The amount received at the end of the period of a loan or investment is called a future value. The p...

Q: Suppose a political candidate criticizes a government pollution permit policy that she says lets cor...

A: Answer: Correct option: (2) A free market in tradable pollution permits is typically more efficient ...

Q: Question 20: Growing beyond the communal norms of space, family and work, today’s digital society is...

A:   Money is very important to power today's digital society. With the help of money,digital society c...

Q: Consumption (thousands of dollars) Income (thousands of dollars) 20 18 18 13 27 21 36 27 37 26 45 36...

A: The Keynesian consumption function establishes a relationship between the total consumption of each ...

Q: The graph below represents sales per week of ABC Inc. Ltd, a monopoly multinational enterprise that ...

A: Monopoly is a market condition where there is a single seller. It sells a unique commodity in the ma...

Q: Consider the economies of Hermes and Gribinez, both of which produce gaggles of gop using only tools...

A: Productivity = Output / Labor force. So:   (A) Hermes Productivity in 2016 = 3200 / 40 = 80 Producti...

Q: Question 19: The ever improving quality of Internet access has given rise to a level of connectivity...

A: Internet is the interconnected network that helps to communicate with each other anywhere in the wor...

Q: a)Which gives you greater total utility: 14 gallons of water per day or 22 gallons per day? Why? b)....

A: Consumers get utility from consuming goods. Total utility is derived from the total amount of goods ...

Q: What are the different challenges faced by MSMEs in India? What are the different measures the gover...

A: Micro, Small and Medium Enterprises play an important role in the economic growth of the country whi...

Q: In case of DEFLATION, mention that which particular type of fiscal policy will be used and why and e...

A: Deflation is a situation of falling price level in the economy. Just like inflation, deflation is al...

Q: What is more appropriate to help stimulate economic growth; consumption or investment demand? What s...

A: Demand refers the total amount of goods and services that are willing and able to buy at the particu...

Q: Explain the impact of the changes in the following variables on Current Account balance   a) Higher ...

A: Note: As per the guidelines we will answer only three subparts. Please resubmit the question again b...

Q: Assume that the market for yam is currently in equilibrium. Show how the following events will affec...

A: The market is in equilibrium when quantity demanded is equal to the quantity supplied. 

Q: Exports contracts are denominated in foreign currency. Imports contracts are denominated in. foreign...

A: Devaluation means the official reduction in the external value of the domestic currency in terms of ...

Q: What is Comparative Advantage and how is it determined? Explain this concept in words.

A: Theory of comparative advantage in international trade helps trading countries in specialization and...

Q: Consider a hypothetical consumer named Hayden who is shopping for bread and brie. The graph with bre...

A: The graph shows two points and associated values for bread and brie combinations correspond to point...

Q: Consider a company whose stock is trading at Ghc120 per share. This company requires a 10%minimum ra...

A: a) Intrinsic value of stock= next year dividend's/ (required return- growth rate)* 100              ...

Q: You have learned that the Law of Supply and Demand determines prices in a free-market system. Using ...

A: Supply and demand is one among the foremost basic and fundamental concepts of economics and of a eco...

Q: When US assets are more attractive to foreign investors, what happens to the demand for dollars vs d...

A: In a market such as crops and laptop, equilibrium emerges when the units desired to be offered by th...

Q: Please draw a clear graph and show your work.

A: Price effect is the decrease in total revenue due to a decrease in price. Quantity effect is the inc...

Q: For each of the regions, use the midpoint method to identify whether the supply of this good is elas...

A: Hello. Since your question has multiple parts, we will solve the first question for you. If you want...

Q: Question 8: The main criticism of globalization is that it creates a diverse global culture strongly...

A:  In simple terms, globalization is a socio-economic concept that is exclusively associated with the ...

Q: 180.5 181.7 180.9 181.6 182.6 181.6181.3 182.1 182.1 180.3 181.7 180.5Compute the following:a. Range

A: The data set is: 180.5 181.7 180.9 181.6 182.6 181.6181.3 182.1 182.1 180.3 181.7 180.5

Q: Economics Question

A: Midpoint price elasticity of demand=% change in quantity demanded/% change in price % change in quan...

Q: 6. A man bought an equipment costing P60,000 payable quarterly for 3 years, each installment payable...

A: Equivalent quarterly payment (EQP) can be calculated by using the following formula.

Q: Enlist and explain briefly the drivers of development.

A: policymakers and economic development officials can use ideas about what creates growth as a reality...

Q: The government started imposing a Digital Services Tax (DST) of six per cent on 1 January 2020 on fo...

A: A Digital Service Tax (DST) refers to a tax imposed by the government on the digital services provid...

Q: Suppose there is a reduction in foreign output, Y*. This reduction in Y* will cause which of the fol...

A: Suppose there is a reduction in foreign output, Y*. This reduction in Y* will cause which of the fol...

Q: (a) Explain briefly the steps in the construction of consumer price index number.                   ...

A: When you want to find out the changes that have taken place in the current price level in comparison...

Q: Q3. You are given the following information about an economy: Gross private domestic investment = 4...

A: The formula for GNP, GNP=GDP+NFP 200=GDP-2 GDP=202. Therefore, the value of GDP is 202. The formula ...

Q: You are the country manager of a firm that produces and markets a generic type of soft drink in a co...

A: Supply curve of a commodity shifts with changes in price of raw materials, technology and weather co...

Q: Question: 1. Explain each term including exponents in the following equations: • Y = A x F(K, N)

A: The role of production is based on the premise that the quantity of production in a production proce...

Q: Assume that the market for yam is currently in equilibrium. Show how the following events will affec...

A: The combined actions of businesses as well as consumers tend to affect the supply curve and demand c...

Q: Please help solve. The government started imposing a Digital Services Tax (DST) of six per cent on 1...

A: The digital service tax(DST) is a type of tax imposed on the total revenue(TR) earned by the supplie...

Q: Q . Explain the concept of Super normal Profit, Normal Profit and Sub Normal Profit in perfect compe...

A: A market is a place which facilitates the interaction between the producers and the consumers on the...

Q: Between January 2010 and January 2016, U.S. employment increased by 12.1 million workers, but the nu...

A: The labor force is the summation of the total number of workers who are employed and the total numbe...

Q: what kind of externality is produced in the market illustratef in the diagram below?

A: There are 4 types of externalities consisting two types in each production externalities and consump...