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A: The circular flow model demonstrates of how the money moves through the society.
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A: Macroeconomics is concerned with economy wide variables like income, output, inflation, interest…
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A: As an economic model, the circular flow model shows the flow of money through the economy. The basic…
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Q: 4.Explain all three Circular flow economic models in one structure.
A: The circular flow model is an economic model, which shows the flow of money through the economy. The…
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A: It is well known that technology changes every ten years, as seen by the trend.
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A: A business cycle is a cycle that shows the change in the gross domestic product in the long term.
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Q: why minimum wage should not increase ?
A: Minimum wage is the lowest wage below which an employee cannot hire workers.
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- Quèstion 16 any point under the production possibility frontier represent O unemployment O inflation O growth O efficiencyE3. It is where cities continuously grows, resources become scarce and people tend to seek new land for them to plant cops and other resources for their survival? O a. financial age O b. start-up age O c. explorer's age O d. information's ageThe table below represents the combinations of beet and corn produced on å tract of lahd o given size and fertility Corn (bushels) Beef (kg) 10000 8000 900 6000 1200 4000 1400 2000 1475 1500 Which of the following combination represents unattainable production levels with the current tract of land? Select one: O a. 8000 bushels of corn and 500 kg of beef O b. 6000 bushels of corn and 1300 kg of beef O c. Both 8000 bushels of corn and 1200 kg of beef and 6000 bushels of corn and 1300 kg of beef d. 200 bushels of corn and 1475 kg of beef e. 8000 bushels of corn and 1200 kg of beef
- Macroeconomics is an aggregate of what happens at the Microeconomics level. Would it be possible for what happens at the macro level to differ from how economic agents would react to some stimulus at the micro level? Hint: Think about the behavior of crowds.What is the difference between microeconomics and macroeconomics?What would be another example of a system in the real world serve could serve as a metaphor for micro and macroeconomics?
- What is a production technology?Do economists have any particular expertise at making normative arguments? In other words, they have expertise at making positive statements (i.e., what will happen) about some economic policy, for example, but do they have special expertise to judge whether or not the policy should be undertaken?Could a nation be producing in a way that is allocatively efficient, but productively inefficient?
- 100 DRYERS 8 & 22832829 30 20 10 Figure 2-3 C A D 10 20 30 40 50 60 70 80 90 100 WASHERS Refer to Figure 2-3. This economy cannot currently produce 70 washers and 70 dryers because Oa it is not using all of its resources. O b. consumers don't want that many washers and dryers Ocit does not have the resources and technology to produce that level of output O d. it is not using the most efficient production process.homework micro.docx - Word (Error de activación de productos) ARCHIVO INICIO INSERTAR DISEÑO DISEÑO DE PÁGINA Diana Arenas - REFERENCIAS CORRESPONDENCIA REVISAR VISTA X Cortar A Buscar - - |11 - A Calibri (Cuerpo) A Aa- A AaBbCcDd AaBbCcDd AaBbC AaBbCc AABI AaBbCcD ab Copiar Sac Reemplazar A- aby , A 1 Normal 1 Sin espa.. Título 1 Título 2 Puesto Subtítulo Pegar N K abe X, x² Copiar formato Seleccionar - Portapapeles Fuente Párrafo Estilos Edición 11. Price discrimination only occurs under monopoly. True or false 12. It is true that the distribution process carried out by the price system A. All of the responses are true B. accomplishes the task more efficiently than central planners would. C. favor the rich D. is superior to other rationing mechanisms because it is able to pay attention to individual consumer preferences 13. It is in society's best interest that the MC of the last unit product of a good is equal to its MU. True or false 14. For a monopoly, MC=MR86) An economy unit of agricutural output raquires 0.L'unit of ag ristural input and agriultural industy and a teatile industry. Each has 9n 0.1 unit of textiles inputs. Each unit of textiles output requires o.1 unit of agricul tural imput and 0:2 unlt of textiles input. a Write the technoligy matrix for this b) If surpluses of S units of agrlualhural products and15 units of texti le s ave desired, final the gois poluchion of each industry econdny. .SEE MORE QUESTIONS