1)Which of the following is not a positive economic statement? a)Price supports lead to excess supply. b)The welfare system makes certain benefits available only to unmarried parents. c)Capitalism is associated with free markets. d)Rent controls are unfair to landlords
Q: ction of these goods for 3 years are shown below along with their prices. If is the base year, the…
A: Nominal GDP is measures market value of goods and services using current prices whereas Real GDP is…
Q: On the market of good Y there are 100 identical consumers. Each consumer has a demand function…
A: In two part tariff, a fixed is charged equals to the consumer surplus and per unit price is equals…
Q: Law of diminishing return and its shape of curve
A: The law of diminishing returns is an economic principle that states that as investment in a certain…
Q: What would happen if the labour market is dominated by a monopsonist, and the government sets a…
A:
Q: 12% Md 11% MS 10% 9% 8% 7% 6% 5% 4% 3% 2% 1% 0% $0 $50 $100 $150 $200 $250 $300 $350 $400 $450…
A: Given information
Q: Which of the following markets is the closest to a perfectly competitive market? Question 10…
A: The structure of the market where consumers and producers tend to have full information and no costs…
Q: In an efficient market, investors can consistently make high returns since it is easier to estimate…
A: When talking about market efficiency, it explains the ability of a market to work freely and to…
Q: If the price of hot dogs were to decrease, which of the following changes would we expect to occur…
A: Complement goods: The complement goods are those goods that are consumed together and a single…
Q: or many airlines in the short run, a major portion of the cost of production, such as aircraft and…
A: Fixed Cost: The fixed cost refers to the cost that is fixed and does not change irrespective of…
Q: This is the balance sheet of the bank, which is the only bank in the economy. The reserve ratio is…
A:
Q: What place does innovation have within your own organization and what suggestions would you make to…
A: Business entity is an integral part of the economic growth process. It is the business unit only…
Q: 4. land after 3 years for $160,000. Assume that your capital gains tax is 15%. What is the average…
A: Inflation is described as a decrease in the value of a currency, resulting in a rise in the overall…
Q: 9. Use an AD/AS model to show what happens if there is a) a decrease in consumption spending b) a…
A: Diaclaimer :- As you posted multipart questions we are supposed to solve the first 3 questions only…
Q: (4) ) Suppose the real money demand function is given by Mª P (1+i)} where Md is nominal money…
A: Given Money supply and money demand equilibrium equation MdP=Y13(1+i)12Md= Nominal money deamandP=…
Q: Consider a two-period dynamic resource allocation problem where the efficient allocation of a…
A: The ideal distribution of all resources in society, taking into consideration all internal and…
Q: Article 2 of the Uniform Commercial Code (UCC) applies to goods. Which of the following is not a…
A: The correct answer is given in the second step.
Q: Kim has $35057 to invest for 10 years. She has the following options: [A]term deposit at 5%…
A: One of the most important aspects of diversification is the inclusion of a wide range of…
Q: How much money is created by a bank with $20 million in assets if it lends out half of its assets…
A: There is $20 million in assets. i.e., Assets = $20 million => Assets = $20,000,000…
Q: The first cost of an electric rebar bender is P355,000 and a salvage value of P50,000 at the end of…
A: Answers Given data PW = P355000 r=4.3% n=5
Q: Answer the following Q 1.a what the difference between local macroeconomics and foreign…
A: Macroeconomics: A macroeconomic factor is a significant fiscal, geopolitical, or natural event…
Q: _________ theory of city growth brings urban growth research up to date
A: Meaning of Macroeconomics: The term macroeconomics refers to the situation of economic and…
Q: 2. Let the smoke emitted by a widget manufacturing plant is so bad that the welfare if people…
A: "Thank you for submitting the question.But,we are authorized to solve only 3 subparts.For, the…
Q: 7. Explain what is meant by "cradle to cradle." How can one considered another's the treasure?…
A: Cradle to cradle is a long-term business strategy that mimics nature's regenerative cycle by reusing…
Q: 3. The following table give the short-run and long-run total costs for various levels of output of…
A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…
Q: What is the present value or price of a 10 year P20,000 annuity with an interest rate of 5%
A: Annuity is the series of Equal amount payment in equal interval . And it is not given that annuity…
Q: An investment of 10,000,000 php has a revenue of x php that will increase of 10% every 2 years. With…
A: Initial Investment = 10,000,000 Annual Revenue = x Yearly interest rate = 8% 2 year revenue = 2x…
Q: The consumption function is a straight-line relationship between consumption and income. O True O…
A: It is a mathematical expression that depicts the link between total consumption and gross national…
Q: The cost of the extending a certain road at Yellowstone National Park is $1.7 million. Resurfacing…
A: A capitalized cost is an expense added to the cost basis of a fixed asset on a company's balance…
Q: 4) According to the theory of comparative advantage, a country A. imposes tariffs on goods in which…
A: The theory of Comparative Advantage is given by David Ricardo which is theory of international…
Q: The following is the balance sheet of the whole banking system (all figures are in Sbillions) which…
A: Given reserve ratio = 20 % Increase in deposits = 20 $ Money multiplier = 1 / reserve ratio = 1 /…
Q: By providing an example, explain three factors that might shift the demand curve for a product…
A: Demand is the quantity theta. Consumer are willing to pay for it at certain place and time . It is…
Q: In the Aggregate Expenditure framework, which of the following government policy choices offer a…
A: In economics, aggregate spending (AE) is employed to measure national revenue. Aggregate expenditure…
Q: Which of the following statements is (are) correct? (x) One key difference between an oligopoly…
A: Oligopoly market:- Market is owned by a few of producers are known as oligopoly markets. It could…
Q: When a check clears, money created by the Federal Reserve System is transferred from one bank to…
A: In an economy, when bank clears a check it tries to connect with another bank to exchange money…
Q: Now, assume your buffalo wing firm is in a Cournot oligopoly with 3 additional firms. The market…
A: Relationship between the elasticity of individual's firm elasticity of demand and market elasticity…
Q: (b) What is the break-even sales in RM for an operation that sells 615 products at RM 17.50 if each…
A: "Since you have asked multiple questions, we will solve first question for you .. If you want any…
Q: Compared to last year, more television sets are being bought while the selling price has risen. This…
A: The direct relation between price and quantity demanded is studied under the concept of the Law of…
Q: Price rationing will happen whenever there is excess supply in a market. Select one: a. False b.…
A: Price rationing is a method of rationing in which limited quantities of good are allocated according…
Q: General versus Partial Equilibrium Analysis 1) Briefly distinguish between general equilibrium…
A: Answer :- Partial equity analysis takes into account each market, analyzing different aspects of…
Q: policy ineffectiveness paradigm
A:
Q: A machine purchased 3 years ago for $140.000 is now too slow to satisfy the demand of the customers.…
A: The annual worth is the net of the relative multitude of advantages and costs brought about north of…
Q: Consider two price-setting oligopolies supplying consumers in a certain region of a country. Firm 1…
A:
Q: Erwin is 27 years old and he saw a bank offering a time deposit plan with 6% interest. He does not…
A:
Q: Question 3 The time it takes a change in economic policy to induce people and firms to change their…
A: There are different types of policy lags: -Recognition Lag -Implementation Lag -Decision Lag…
Q: To pay off $75000000 worth of new construction bonds when they come due in 25 years, a water…
A: Working quarterly: Number of quaters (n) =25*4=100Rate of Interest (r) =6.44=1.6%Future Value (FV) =…
Q: What effect would an increase in the discount rate have on the money supply? O It would increase the…
A: Monetary policy refers to the policy which is used by the central bank of a country to control the…
Q: What is the equivalent annuity starting in year 1 and ending in year 5 for the following project…
A: First need to find the PV or FV and then convert to annual cash flow, also possible to use both…
Q: As the elasticity of demand for labor increases, the more likely a labor union will: place its…
A: Answer: If the elasticity of labor demand increases means a small change in wages now will lead to a…
Q: 5. Suppose your father earned a salary of 15000$ in 2010. If the CPI is 31 in 2010 and 220 in 2022…
A: Inflation is the consistent rise in average price over period of time . It reduces the value of…
Step by step
Solved in 2 steps
- In the theory of choice, the word constraint: a. Includes social customs, laws and threats of violence. b. Is basic to all choices. c. Include limits on time, income and human resources. d. All of the above.Categorize the following as microeconomic or macroeconomic questions: iv) Why is the Barbados experiencing high rates of inflation? (v) How large is KFC’s share of the fast food industry? (vi) How will implementation of a minimum wage rate affect your 17 year oldwhat first sink in your mind when we call applied economics
- Is it fair to deem some activities virtuous and others not in an imperfect market?Explain how markets can allocate resources in a way that they go to those who value them the most.Why does the laissez faire approach to economic policy imply only minimal government involvement? When does it make sense for the government to intervene in a perfectly competitive market setting?