Q: 2.Distinguish the final goods or services, intermediate goods or services, and capital goods?
A: "In economics goods are of three types- final goods or services, intermediate goods or services, and…
Q: How is GDP computed by using production method? By Expenditure method? By Income method?
A: Answer - GDP = GDP is sum of all the final goods and services in a country in a year
Q: Outline the basic elements of Friedman’s (1968) Natural Rate Hypothesis. Elaborate on output…
A: Friedman's Natural Rate Hypothesis is based on the following elements: The natural rate of…
Q: Complete the following table with the quantity of labor supplied and demanded if the wage is set at…
A: Equilibrium in the labor market occurs at the intersection of demand and supply curves.
Q: The USDJPY spot price is 115.018 and the one month forward is 115.046. A one month expiration…
A: Following are the given values: Spot, USD/JPY = 115.018 Forward, USD/JPY = 115.046 Options, Call…
Q: Suppose a perfectly competitive market is in equilibrium and demand for the product decreases O in…
A: In perfectly competitive market, there are large number of firms selling identical goods
Q: An agent (a financial institution or individual financial investor) that has agreed to deliver a…
A: Answer: An investor or agent who has agreed to deliver a specific asset (but not yet own them) to…
Q: Suppose a basket of goods and services has been selected to calculate the CPI and 2012 has been…
A: The formula to compute CPI (which represents "the overall change in consumer prices overtime based…
Q: If output is above the level of spending balance, then A income will decrease. income will increase.…
A: Good market equilibrium is where aggregate demand and aggregate supply are equal at certain price…
Q: Question 35 Classical Growth theory predicts that O aggregate income always returns to the…
A: Question 35) "Classical growth theory's fundamental principle is that the economy is…
Q: If you buy an insurance policy with a high deductible and co-payments, you would end up paying a. A…
A: The deductible is the amount you pay out of pocket for covered health-care services before your…
Q: The country's current account in its balance of payments shows A. the difference between the…
A: Balance of payment keeps the record of economic transactions of an economy with the rest of the…
Q: Consider two economies (indexed by i = 1, 2) described by Yi(t ) = Ki(t )θ and Ki(t ) = siYi(t ),…
A: (Q) Consider two economies (indexed by i = 1, 2) described by Yi(t ) = Ki(t )θ and Ki(t ) = siYi(t…
Q: Please specify the key problem with this question included in a questionnaire: "Don't you think the…
A: The question that is posed to the individual in this context is, "Don't you think that the process…
Q: in new equipment will e can be sold for an estimated $8000. What is the rate of return of the error…
A: *Answer:
Q: A company selling widgets has found that the number of items sold, x, depends upon the price, p at…
A: Revenue may be described as the revenue that is earned via the basic activities of a firm. The…
Q: (S1) Banks charge larger bid/ask spreads than they would on less liquid, less traded currencies.…
A: When talking about bank's bid, it can be said that the ask bid is the bid at which banks offer an…
Q: Data from The Economist BigMac index from January 2022 shows that the local price of a Big Mac in…
A: Pound sterling price of a Big Mac in Buenos Aires = Price of a Big Mac in Buenos Aires / Exchange…
Q: How do you get MSC=4 in step 2?
A: Marginal social cost refers to the cost of producing additional units to the producer as well as to…
Q: In the context of Small and Medium scale Enterprises, critically examine the influence of…
A: Small and Medium scale Enterprises plays an important role in solving the problem of unemployment…
Q: The following process is used to assemble bicycles. The process is fully automated, and the capacity…
A: Process capacity is commonly represented in "hours" and refers to the output capacity of employees…
Q: New firms likely to enter an industry when O a. the profit earned by the firm is likely to be high.…
A: Whereas in monopolistically competitive market, the sellers sell differentiated produces which are…
Q: 1. Explain how a monopolist chooses the quantity of output to produce and the price to change.
A: Answer 1) "A monopolist is a single seller of the commodity or service and is a price maker…
Q: Below are some data from the productions of milk and honey. i) Compute nominal GDP, real GDP, and…
A: The total value of the goods and services generated in an economy over a predetermined amount of…
Q: Weber Drilling Company is considering investing $20M in oil and gas drilling equipment. It is…
A: The present value of cash flows at the needed rate of return on your project relative to your…
Q: Which of the following explains why the owners of used cars tend not to sell them at a low price…
A: In this review, customer suspicion toward new items is characterized as a shopper's propensity to…
Q: 4. Currently, the poverty threshold for a family of four is just over $25,000 a year. Among the…
A: The poverty threshold refers to the minimum level of income an individual or a family needs to…
Q: what do you mean by financial inclusion, market-friendly environment, and fiscal incentive system in…
A: The Philippine economy is in excellent shape. It is ranked 37th in the world in terms of GDP. After…
Q: If you are given a budget line shown as 7BL2 and the price of food is PHP 10 per unit while the…
A: Given, Consumer's income = PHP 150 Price of food = PHP 10 per unit Price of cloth = PHP 20 per unit…
Q: A B Celine's Scooter Supply Ltd. Quarterly Income Statement Units Sold Price per Unit Total Revenue…
A: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-parts at a…
Q: Please explain in three well-structured paragraphs the impact of a change in the savings rate on the…
A: Saving is the process of setting aside a portion of current income for future use, or the flow of…
Q: What is the foot-in-the-door technique? How does selfperception theory relate to this effect?
A: The foot-in-the-door (FITD) approach is a compliance strategy that entails persuading someone to…
Q: 9. The treasurer of XYZ Corp. knows that the company will need to borrow $100 million in one year…
A: Derivatives refer to a contract that derives its value from the performance of an underlying entity.…
Q: 2(b)There are three people and two goods in an economy. The utility given below: U1 = X11X 12 U2 =…
A: Marginal rate of substitution refers to the rate at which one good can be substituted with other…
Q: Consider the following data on the GDP of Z-product: i) What was the growth rate of nominal GDP…
A: Dear student, you have asked multiple sub-part questions in a single post.In such a case, I will be…
Q: Part F. If home country imposes a specific tariff of $15 per unit of good Y imported, what is the…
A: The measure that depicts the exchange of goods and services among individuals or entities in…
Q: At high levels, inflation, whether expected or unexpected, occasions considerable costs on society.…
A: Inflation is defined as the rate at which prices rise over time. Inflation is usually defined as a…
Q: 9. The treasurer of XYZ Corp. knows that the company will need to borrow $100 million in one year…
A: Derivatives refers to a contract that derives its value from the performance of an underlying…
Q: If Canada increase its export of lithium, in such a way that national exports would increase, would…
A: When talking about imports-exports,it can be said that more exports will increase national output,…
Q: The equilibrium level of tuition at York U is $ per academic year. If York U sets its tuition at…
A: The level where the quantity demanded by individuals is equal to the quantity supplied by producers…
Q: A firm's production is given by q = 5L 3 K 3. (a) Calculate APL and MPL. Determine if the production…
A: The law of diminishing returns refers back to the idea that the greater we make use of something,…
Q: If the cost of an oven is $500, what is the marginal product per dollar spent on capital for the…
A: Labor and capital are factors of production to produce total product.
Q: Determine which option, if any, should be chosen based on net present worth using a 8% interest…
A: Project A First cost=$5000 Uniform Annual Benefit = $1100 Useful life=5 Year Project B=10200 Uniform…
Q: A model of wages and prices is presented W, = a, +a,P, + a,Q̟ + u, P= Bo+ BW,+ B,Y, + u Where W is…
A: A multiple-equation model is a method of equations consisting of considerable equations, which…
Q: - A monopolist has variable costs of VC = q² and faces a demand curve of P = 24- q, where P is price…
A: Price discrimination means charging different price of same goods from different consumer. There…
Q: 1. What does Gross Domestic Product mean? Why do we need to use market value GDP? What for do we use…
A: "Gross domestic product is represented by GDP."
Q: Time remaining: 00:09:21 Economics QA and QS are the pollution levels for Arrow and Solow…
A: An externality is a cost that is bear by the third party who is involved in the transaction of an…
Q: Question 3 of 10 Given the piecewise function shown below, select al of the statements that are true…
A: a piecewise-defined function is a function defined by various sub-functions, where each sub-function…
Q: Consider the Cournot duopoly model. Suppose the inverse demand is given by P(Q) = 200 - Q where Q q1…
A: "In cournot duopoly model, two firms compete with respect to quantities."
Q: Assume that the unemployment rate decreases substantially and that there is very high inflation.…
A: The policies that are implemented by the government are called fiscal policies and the policies that…
Step by step
Solved in 2 steps
