Q: How did covid-19 affect the business sector and the economy?
A: An economy is a domain that includes the production, distribution, and trade of goods and services, ...
Q: A monopoly’s price is $20. At this price the absolute value of the elasticity of demand is 2. What i...
A: Given the Price, P = $20 Elasticity, e = 2
Q: Consider the following Stock-Recruitment Curve and then tell us the ideal way to manage this populat...
A:
Q: long-run equilibrium by shifting the appropriate curve or curves and/or placing the point for long-r...
A: In macroeconomics, the money supply alludes to the complete volume of cash held by the general popul...
Q: Goods imports 635 Goods exports 419 Services imports 144 Services exports...
A: Current account balance includes the export and import of goods and services and unilateral transfer...
Q: You own a printing firm. Two of your senior managers provide you with advice. The first manager stat...
A: The supply curve shows the association between the price of commodity and quantity of the commodity ...
Q: The demand function for a good is a = a+ bp. (a) What is the indirect utility function? (Hint: Roy's...
A: Marshallian Demand : x = a + bp Budget Constraint : px </= M where , M = income Indirect Utili...
Q: 6.) Which of the following statements is positive? a.) Patent length should increase to encourage th...
A: The economics as a study is based upon the basic idea of scarcity, where the resources which are pre...
Q: 12.) Which of the following is NOT a supply shifter? a.) Change in technology b.) Change in the pric...
A: 12. The answer is - b) Change in the price of complements.
Q: Denmark pegs its currency to the euro. Even though Denmark opted not to join the single currency in ...
A: In a type of government like democratic government, it has been seen that there is the contribution...
Q: • Assuming that there is no government spending or trade, an economy's GDP is the sum of domestic co...
A: The proponents of supply-driven economics consider supply to be important factor. According to this ...
Q: 5.) In the flow of funds model, households make cash payments in the cash payments in the market and...
A: Note:- Since we can only answer one question at a time, we'll answer first one. Please repost the qu...
Q: 200 + 10q + 0.5g", where q is the number of units they produce. What is the shut-down price for this...
A: (1) SRTC = 200 + 10q + 0.5q2 variable cost (VC) is that part of SRTC which depends on quantity (q) =...
Q: The PH debt as of today amounts to 12 trillion. This balloons with an interest rate of 0.16% yearly....
A: Total amount of debt is 12 trillion. So 12 trillion in dollars will be 12,000,000,000,000. Here inte...
Q: The Mercantilists advocated balance of trade for each country engaged in trade. O True O False
A: Note: We’ll answer the first question since the exact one wasn’t specified. Please submit a new q...
Q: suppose that the first $5000 income earned is not taxed at all, the next $10000 earned is taxed at t...
A: Marginal tax is calculated by multiplying the tax rate with the income. In the given case, Tax on in...
Q: D.) Show an example of trade between the two nations. You must establish a terms of trade And show h...
A: Since you have asked specifically the solution for part D, we are providing with the answer for Q nu...
Q: The below graph shows the demand and cost curves for ABC Electric Co, a natural monopoly in a small ...
A:
Q: Would you support mandatory health insurance based on the evidence from the Oregan Health Insurance ...
A: In the experiment, the entire Oregan Health Insurance experiment has bene considered with the rando...
Q: 4. Some economists believe that the CPI overstates inflation compared to the GDP deflator due to: a....
A: The Consumer Price Index (CPI) measures the average change in prices over time that consumers pay fo...
Q: Select the correct statements. Note: Multiple correct, multiple selections. Topics covered: Stackelb...
A: The Stackelberg leadership model is an economics strategic game in which the leader firm moves first...
Q: What has happened to the rate of productivity growth over the past 50 years? How might you explain...
A: Rate of productivity growth has slowed down over the past 50 years.
Q: True or false? In a 2-person economy, if the endowment is on the contract curve, there exists no exc...
A: To find : Whether the statement is true or false
Q: Under a gold standard, countries should Group of answer choices keep the supply of their domestic ...
A: Gold Standard features:- (i) The monetary unit is established in accordance with the specific gold a...
Q: Question 31 This person earns $1000 of income today and $2000 income next year. Point C represents h...
A: Answer: Given, Income in period oneY1=$1000Income in period twoY2=$2,000Interest rater=10%=0.1 Point...
Q: The marginal social cost of producing a good or service is the A) cost of producing an additional un...
A: The change in the total cost of production that comes from the production of one additional unit is ...
Q: Define confidentiality
A: Confidentiality can be a helpful aspect in financial matters or personal matters.
Q: What's the current yield of a 3.8 percent coupon corporate bond quoted at a price of 102.08
A: Current Yield The yearly income (interest or dividends) from an investment is divided by the current...
Q: Answer both questions 2. Suppose a particular stretch of river can be used to build a hydropower da...
A: 2. Given generation of electricity. = Q kilowatt-hours. Price of electricityP = 1.44 per kilowatt-h...
Q: Suppose that chicken wings and blue cheese dreassing are complements. If the price of chicken wings ...
A: "Since you have asked multiple questions, we will solve the first question for you. If you want any...
Q: This is another all-or-nothing question. In a supply-driven economy, which of the following statemen...
A: The answer is - c. if the economy is closed what is not consumed by household a government invested ...
Q: On 24 February 2022, Russian forces launch full-scale invasion of Ukraine.This has lead affected bus...
A: Answer -
Q: Identify the parts of the business cycle 1-7 Real GDP # 5 #6 #1 Real GDP # 2 #7 # 4 Time
A: In economics, the business cycle is the diagram that helps in understanding the periods of depressio...
Q: Select the correct answer below O for each firm when antitrust regulators split this company exactly...
A: A natural monopoly is a type of economy that exists in the market because of the higher fixed cost o...
Q: What is the Average Variable Cost if the firm produces 17 units
A: The formula for Average Variable Cost (AVC): AVC = Total Variable Cost (TC) / Quantity (q)
Q: A university planner is interested in determining the percentage of spring semester students who wil...
A: Size of pilot sample = 160 Number of students who return to summer school =48 Confidence level =95%
Q: An implicit cost is another name for a(n): Explicit cost Production cost Economic cos...
A: Option D Implicit cost is a cost to a business that occurs due to the cost of resources that were us...
Q: In Norway, one worker can produce either 8 pounds of smoked fish or 8 barrels of oil. In Saudi Arabi...
A: Given:- Production in Norway=8 pound of fish or 8 barrels of oil Production in Saudi Arabia=5 pound ...
Q: i = 8% 0 – 1-2- 3- 4-5-6 $5500 $7100 F $9500
A: Given information: Interest rate = 8% Required to find = F
Q: . The structure of the cold drink industry in India is best described as
A: To find : What is bedt description of cold drink industry of india.
Q: How is a downward-sloping demand curve related to total revenue and marginal revenue?
A: The demand for a commodity is always related to the price of a commodity because when the price of c...
Q: 1) The local breakfast restaurant has a new offer: those who buy more than 10 sandwiches a month get...
A: Answer -
Q: The first cost of a certain piece of equipment is $50000. It will have an annual operating cost of $...
A: Given:- Equipment Initial cost=$50,000 Annual operating cost=$20,000 Salvage value=$5000 Equipment l...
Q: A firm in a competitive marketplace employs 10 workers at a wage rate of $20 per hour, and 10 units ...
A: Cost Minimization Producers utilize cost minimization as a fundamental guideline to identify what co...
Q: Match the unemployment example to the correct unemployment type High School graduate looking for a j...
A: Frictional unemployment is natural unemployment when the worker either leaves as a job for a better ...
Q: Refer to the information provided in Table Table Aggregate Output Aggregate Consumption Planned Inve...
A: The portion of each of the additional extra income of a household that is being spent or consumed is...
Q: Externalities A) can be either benefits or costs.
A: Externalities Externalities are generally the consequences of the action of a producer to nearby par...
Q: Suppose the following data describe a nation's population: Year 1 Year 2 Population 320 million 330 ...
A: Unemployment rate = (unemployed / labor force) Labor force = Employed + Unemployed -----------------...
Q: Does school desegregation have positive effectsbeyond school?
A: Answer -
Q: Which of the following statements about labour productivity (Y/L), also known as the average product...
A: Labour Productivity Labour productivity is defined as actual production per labor hour, and the chan...
Step by step
Solved in 2 steps
- QUESTION 2 Other things the same, when the price level rises, interest rates O a. fall, which means consumers will want to spend less on homebuilding. Ob.fall, which means consumers will want to spend more on homebuilding. O C. rise, which means consumers will want to spend more on homebuilding. Od.rise, which means consumers will want to spend less on homebuilding. QUESTION 3 Other things the same, if the price level rises by 2% and people were expecting it to rise by 5%, then some firms have O a. lower than desired prices, which depresses their sales. O b. lower than desired prices, which increases their sales. O. higher than desired prices, which increases their sales. d.higher than desired prices, which depresses their sales.How do an increase in the exchange rate and an increase in expected future income change aggregate demand? Aggregate demand when an increase in the exchange rate occurs. Aggregate demand when an increase in expected future income occurs. O A. increases; increases O B. increases; decreases O C. decreases; increases O D. decreases; decreases The graph shows an aggregate demand curve. Suppose there is an increase in the exchange rate. Draw a new curve to show the effect of this change on aggregate demand. Label the new curve C₁. Now suppose that there is an increase in expected future income. Draw a new curve to show the effect of this change on the original AD curve. Label the new curve C₂- 140- 130- 120- 110- 100- 90- 80+ Price level (GDP deflator, 2007=100) 1.6 AD 1.7 1.8 1.9 Real GDP (trillions of 2007 dollars) 2.0 Q ✔If real interest rates increase, the expenditure line Select one: O a. does not change. O b. becomes steeper. O c. becomes flatter. O d. shifts down in a parallel way. O e. shifts up in a parallel way.
- Which point/s represent an equilibrium in the goods market? a. A only O b. A and D O c. A and C O d. All of the above Which point/s represent an equilibrium in the money market? O a. A and D O b. All of the above O c. A only O d. A and C A decrease in autonomous spending will decrease the equilibrium interest rate. O a. False; keep O b. False; increase O c. False; not affect because autonomous spending is not related to interest rate O d. TrueThe diagrams show the monetary equilibrium and the demand for investment. The economy begins with money supply Ms, money demand Mp, and investment demand ID. The interest rate is in and desired investment is lo. Interest Rate % O A. interest rates will fall and the quantity of desired investment expenditure will fall. O B. interest rates will rise and the quantity of desired investr expenditure will fall. C. interest rates will rise and the quantity of desired investment expenditure will rise. O D. interest rates will fall and the quantity of desired investment expenditure will rise. 00 .O Ms a. Beginning at the initial equilibrium, suppose the Bank of Canada increases the money supply. In this case, Quantity of Money Mp Interest Rate % Desired Investment QQuestion 7 If the MPC in the economy is 0.75, govemment could shift the aggregate demand curve rightward by $30 billion by cutting taxes by $10 billion. O A. true. O B. false.
- This graph is for the Canadian economy. Price Level a Select one: O Y₁ Real GDP What could have caused the increase in aggregate demand from AD1 to AD2? AD1 O O AD2 a. A higher Canadian dollar exchange rate. b. A decrease in the number of American tourists in Canada. c. An economic expansion in the United States. d. Less American direct investment in Canada. than those in Canada.If the Fed tries to prevent the U.S. dollar exchange rate from rising, the Fed U.S. dollars, foreign currency, and U.S. official reserves O a. sells; buys; decrease O b. sells; sells; increase Oc buys; sells; increase O d. buys; buys; increase O e. sells, buys; increaseThe transfer payments multiplier is the effect of a change in transfer payments on O A. aggregate supply B. budget balance OC. real GDP D. aggregate demand
- QUESTION 7 Suppose a hurricane destroys 20% of the capital stock in a country. In the long run, output will O a. remain unchanged; remain unchanged O b. decrease; decrease c. decrease; increase O d. remain unchanged; increase O e. decrease; remain unchanged QUESTION 8 Menu costs help to explain: O a. why the long-run aggregate supply curve is horizontal. b. the negative slope of the aggregate demand curve. O c. why the long-run aggregate supply curve is vertical. O d. the negative slope of the aggregate supply curve. O e. the positive slope of the short-run aggregate supply curve. QUESTION 9 Suppose new drilling techniques increase the world oil supply. In the long run, output will O a. increase; remain unchanged a b. increase; increase C c. remain unchanged; remain unchanged O d. remain unchanged; decrease O e. increase; decrease and the price level will and the price level willWhich of these words do not belong to the group? O a. National income O b. Local culture O c. Price Levels O d. Unemployment rate Clear my choice If interest rates are high in the country, this will result into O a. an increase in aggregate demand O b. a drop in inflation level O c. a decrease on the price level O d. an increase on the price level When the exchange rate for a currency rises and becomes stronger, we say that the currency's value is O a. Depreciating O b. Appreciating O c. Surging O d. Unpredictablev Question Completion Status: A Moving to another question will save this response. Quèstion 4 Assume the economy's consumption and saving schedules simultaneously shift downward. This must be the result of: O A. The expectation of a recession O B. An increase in household wealth. O C. An increase in personal taxes. O D. An increase in disposable income. Moving to another question will save this response. SHARP AQUOS