Q: 8. All labour is A. O Homogeneous B. O Heterogeneous C. O Lazy D. O Intelligent
A: The work which is being done by a particular worker or the group of workers in exchange for money is...
Q: Which of the following can be a binomial random variable (select all that apply)? Number of heads in...
A: A binomial random variable counts how often a particular outcome occurs when there are a fixed numbe...
Q: The table below shows data for a simple economy that produces 2 products only: Ketchup and Tomatoes....
A: To calculate the change in the price level, we will calculate the GDP deflator for the 2018 and 2019...
Q: If Money Supply is $11,000, real GDP is 31,500, and velocity of money is 2.6, then how much is price...
A: Given supply:Money supply=M=$11,000real GDP=Y=31,500velocity of money=V=2.6
Q: You consume only soda and pizza. One day, the price of soda goes up, the price of pizza goes down, a...
A: The curve that depicts various quantities of goods being demanded by individuals at different price ...
Q: Suppose there are 4,000 students in NY each with individual inverse demand function: p=10−2Qs Ther...
A: Individual inverse demand curve of 4000 students in NY: p=10-2Qs Individual demand curve of 2000 non...
Q: Select between the two options using the corporate MARR of 15% per year and a future worth analysis ...
A: In the future worth method, we convert all cash flows into the future period and compare the future ...
Q: Subsidies can be in different in forms. These includes ____________. tax holidays Cash grants All ...
A: The form of financial support or aid being provided which extends to an economic sector having the a...
Q: 1. The X-Corporation produces a good (called X) that is a normal good. Its competitor, Y-Corp., make...
A: "Since you have asked a question with multiple sub-parts, we will solve first three sub-parts for yo...
Q: What policies and institutions have been created to aid developing countries?
A: There is free entrepreneurship in a market economy protected by private property rights and laws. A ...
Q: Why has the government pumped billions into bank bailouts to prevent them from collapsing?
A: Bank bailouts refer to a situation when government or corporation injects funds into a bank that is ...
Q: In 2011, the greatest number of legal immigrants arriving in the United States came from: A. India...
A: D. Mexico and China Option "D" is correct. Mexico and China were the countries with the most legal ...
Q: Peter Scents has been given two competing offers for short-term financing. Both offers are for borro...
A: A loan can be taken as either a discount loan or an interest-payment loan where discount loan provid...
Q: A monopolist sells Soma at the same price into two different markets. The demand for Soma in narket ...
A: A cost function is a formula used to predict the cost that will be experienced at a certain activity...
Q: 5. The following are some of the costs of a clothing manufacturer State which among them will you co...
A: To find : Which will be fixed cost
Q: 18. The human effort applied to the production of goods is called in economics
A: To find : What is human effort applied to production of good.
Q: Question 38 I Long-term bonds are generally A less risky than short-term bonds and so pay higher int...
A: Long term generally refers to a period of maturity which lies between 10 years to 30 years.
Q: In the past Christmas season, the roast suckling pig market was impacted by a large number of buyers...
A: Here, it is given that the market of roast suckling pig was affected by the buyers in the past Chris...
Q: Look at the tables below. Maximum Price Minimum Person Person Willing to Pay Acceptable Price Bob $2...
A: * SOLUTION :- (17) Asp per guidelines I answered first three sub parts only please repost other one...
Q: Refer to the table below. (2) Minimum Acceptable (3) Actual Price (Equilibrium Price) $ 8 (1) Person...
A: Producer surplus is the distinction between how much an individual might want to acknowledge forgive...
Q: Which of the following would cause the aggregate supply curve to increase... A) Energy prices such ...
A: Aggregate Supply curve is an upward sloping curve showing positive relationship between price level ...
Q: 1. If the Consumer Price Index rose from 120 to 138 during a 12 month period. What was the rate of i...
A: A comprehensive measure utilized for assessment of price changes in a crate of labor and products il...
Q: Consider the market for CD players, illustrated in the figure to the right. Suppose there are networ...
A: There is a network externality in the market for CD players. hence, the number of CD players demand...
Q: Devlin is a computer programmer who earned $30,000 in 2011. But on January 1, 2012 he opened a custo...
A: * SOLUTION :- Based on the given information the answer is (a) the Devlin's opportunity cost is = ...
Q: Another word for elasticity is
A: What is another word for elasticity.
Q: Suppose, that the demand for watches decreases and shifts the demand curve due to the invention of t...
A: Consider the below points: *Due to price, there will be movement along the curve. *Due to other fact...
Q: constant. nterest rate, r
A: The national bank for the United States-the Federal Reserve (the Fed)- is entrusted with keeping a p...
Q: The price of a product is expressed as p, PHP = 10 – 28D where D is the demand. Which of the followi...
A:
Q: 8. "When a policy creates winners and losers, the Pareto (unanimity) principle itself is highly appl...
A: Introduction Q 8 Its answer is true When a policy for winner and loser has created then Pareto princ...
Q: The assignment method involves adding and subtracting appropriate numbers in the table to find the l...
A: There are different ways to operate a business in the market and the success of the firm depends upo...
Q: Which of the following would be a significant cause of income inequality in the United States?
A: To find : Cause of income inequality.
Q: A deposit outflow from a bank results in equal reductions in that bank’s Question 27 options: a)...
A: The balance sheet of a back shows that the value of assets is equal to the value of liabilities and ...
Q: Because of the adverse selection problem, Question 3 options: a) lenders will write debt con...
A: In a market, adverse selection refers to one of the causes of market failure due to unequal informat...
Q: e utility function for this economy is u(x,y) = xy. What is the optimal basket (x,y) for this econo ...
A:
Q: Suppose you are given the following information: Qs = 100 + 3P Qd = 400 – 2P whe...
A: DISCLAIMER “Since you have asked multiple question, we will solve the first 2 question (allowed onl...
Q: . Distinguish between nominal GDP and real GDP?
A: Since you have provided multiple questions, we will solve the first question for you. If you want an...
Q: Judy lives for two-periods. Her utility from consumption in periods 1 and 2 is given by U(C1,C2)=C1 ...
A:
Q: An upstream firm (U) sells an input to a downstream firm (D) which resells it to consumers. The marg...
A: Introduction Marginal cost of the firm is MC = $ 4 Each unit has sold U to D at price r Price = r , ...
Q: In your country, the demand curve of a litre of petrol is given by: P = 117 - 2Qp. Due to political ...
A: Given that: P = 117 - 2QD QD = (117 - P)/2 P1 = 51P2 = 85 Y1 = 30928Y2 = 42838 Y.Ed = (dQ/dY)*(Y1/Q1...
Q: A market structure where the firms exhibit very interdependent behavior and have a tendency to Collu...
A:
Q: In the endogenous growth model presented in the text, suppose that u represents the fraction of time...
A: To find : Growth rate of consumption.
Q: During World War I, the price in the U.K. increased by more than that in the U.S. Following Churchil...
A: Gold Standard - The gold standard is the currency measurement system where by the value of the curre...
Q: Consider the following abbreviated financial statements for a proposed investment Years Sales Costs ...
A: Accounting rate of return = [Average annual profit / Initial investment] * 100 Average annual profit...
Q: $7.25 $6.50 $4.50 D. 500 800 900 1200 Number of workers Refer to the graph shown. If the government ...
A: The intersection of labor demand and labor supply determines wage rate and optimal quantity of worke...
Q: As we grow up, we are told about the virtues of thrift. Those who spend all their income are condemn...
A: Answer: We can analyze the prediction of "those who spend all their income are condemned to end p po...
Q: What is export,import rate and net export reflecting in terms of GDP of a country? What it indicates...
A: Money has been developed since the ages and people use money for various purposes and transactions. ...
Q: Assuming that your firm is considering investment in a new project with the cash flows shown below. ...
A: Time CF Discount factor @10% Present value 0 - 3500 0.909 - 3500 1 1200 0.826 991.2 2 1350 0....
Q: If the percent rise in price is larger than the percent decline in quantity, then: the demand for yo...
A: WHEN PRICE IS ELASTIC If the quantity demanded of a product changes greatly in response to change in...
Q: What is the GDP deflator? How does the GDP deflator relate to real GDP? Real adjusts for inflation...
A: The GDP deflator is a tool used for understanding the movement of price from the base year to the cu...
Q: True or False 1. The breakeven point always maximizes the profit. 2. Selecting the best alternati...
A: The Break even point is the point where the Contribution Margin is equal to the fixed expenses or we...
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- What are the four roles of government? Give an example of each role.Question 15 All of the following except which one explain why governments may fail to enhance economic efficiency? a There is limited information relating to the social benefits and costs. b It is difficult measuring social benefits and costs. c It is easier to eliminate programs than to add programs. d Efficient programs may be politically untenable.1. How do the different branches of government work together to implement public policy?
- explain when and how the government intervenes in the economyExplain the concept of market failure and its implications for both governments and businessesHow does the problem of limited and bundled choice in the public sector relate to economic efficiency? Why are public bureaucracies alleged to be less efficient than private enterprises?
- Explain the main sources of inefficiency in the public sectorWhat areas of government spending impact a business? How do these areas impact the business?What is a market-failure rationale for the government investing in education and training programs? a. Education likelyresults in a negative externality in production, so government investment corrects for the under-provision by private, unregulated markets. b. Education likely results in a positive externality in consumption, so government investment corrects for the under-provision by private, unregulated markets. c. Education likely results in a positive externality in production, so government investment corrects for the over-provision by private, unregulated markets. d. Education likely results in a negative externality in consumption, so government investment corrects for the over-provision by private, unregulated markets.
