Adverse selection in employment is more likely when:  explain your answer.  jobs require specific training. everyone is equally qualified for the job. people's abilities are easy to measure. people's abilities are difficult for potential employers to observe.

Q: 6. Prior to the battle for wages, the ritzy had two machines and four members of staff. Staff were…

A: Total cost is the sum of fixed and variable cost.  Fixed costs are the cost that are fixed and…

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A: The nominal rate of interest is the interest rate that is not inflation adjusted. This rate includes…

Q: B. In the economy of Nocoin, Bank deposits are $300 billion, bank reserves are $15 billion of which…

A:

Q: Does the slope of the production possibilities frontier become smoother as more and more producers…

A: Production Possibility Frontier is defined as a graphical representation of all the combination of…

Q: Suppose in an economy PAE = 2500+.75Y-15000r. If target inflation is 2% and potential output: is…

A: Given information: PAE = 2500 + 0.75Y - 15000r Where PAE is planned aggregate expenditure Y is…

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A: When talking about the long-run profitability of a firm, it can be said that a firm will earn…

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A: GDP (Y) as per the expenditure approach will take into consideration the sum of all final items and…

Q: Ben and Jerry are a pair of kids that appreciate the finer things in life: chocolate chips (x) and…

A: General equilibrium is a mechanism that uses the market forces of demand and supply in various…

Q: Meier recognizes these as secondary goals for achieving economic development: Select one: a. An…

A: Primary goals of economic development are those goals which occur in a direct and instantaneous way…

Q: 2.What are the drawbacks (bad things) of having a fixed exchange rate

A: The exchange rate in international trade is referred to as the price at which one country's currency…

Q: You are given the following information about the Canadian economy. With every increase of one…

A: 1. Here given information is: Marginal tax rate: 12% Marginal propensity to import (MPI): 3%~0.03…

Q: Which of the following is the least likely example of asymmetric information? a. King Solomon and…

A: Asymmetric Information basically refers to the situation in which there are two parties in the…

Q: Transference Wage as posited by Sir Arthur Lewis is: Options: a. Subsistence Wage with a large…

A: Lewis Model of development is a model with its main argument  that due to "hidden unemployment in…

Q: In what ways can the regional Federal Reserve Banks influence the conduct of monetary policy?

A: The regional Federal Reserve Banks is the organisation that has within its ambit the formal mandate…

Q: What is the primary objective of multinational tax planning?

A: A very difficult but crucial part of doing company internationally is planning for multinational…

Q: What are the principles of federal finance?

A: Federal finance refers to the assignment of the sources of revenue to the different levels of the…

Q: 1. Suppose that the manager of a firm operating in a perfectly competitive market has estimated the…

A: We know that Total Cost = Fixed Cost + Variable Cost and Average Variable Cost = Variable…

Q: d) Using GDP deflator, calculate the inflation rate. Which year had the highest inflation rate? e)…

A: Inflation rate in year t = {(GDP deflator in year t - GDP deflator in year t-1) / GDP deflator in…

Q: What are the difference between public and private finance?

A: In economics, the term finance explains the way of collecting funds and capital for the business. It…

Q: Suppose that yesterday the Canadian dollar was trading on the foreign exchange market at 0.75 euros…

A: The exchange rate refers to the rate at which the currency of a nation can be exchanged with the…

Q: Consider the national income model below 0< ac ΟΥ Y-C(Y)-I(i) - Go = 0 kY+L(i) Mso = = 0 ai ƏL < 1;…

A: The IS-LM model is the Keynesian macroeconomic model which states the relationship between market…

Q: D. If TB > TA then Type B will get more education, otherwise Type A will definitely get more…

A: Variance is a measure of dispersion which actually takes all the data points in a data set and in…

Q: Pedro bought a new car today from Barboncito Motors. The former proposed to pay the latter the…

A:

Q: Which of the following statements is right? The marginal cost curve is the inverse shape of the…

A: Average Total Cost or ATC: ATC tend to be shaped like a Nike swoosh. At first is falls because of…

Q: Read the scenario and determine if it will change the supply or the demand of the market listed.…

A: A surplus exists when the amount supplied of an item or service exceeds the quantity required at…

Q: The results of a "check all that apply" question is best displayed as a pie chart. True False

A: A pie chart, often known as a circle chart, is a visual representation of the various values of a…

Q: Briefly discuss the two major reasons for the adopting the Euro

A: Euro: The euro was introduced on January 1, 1999, with the intention of facilitating economic…

Q: Charging a price to different groups depending on their different demand elasticities is described…

A: Price Discrimination is an act of not charging the same price to every consumer of the product or…

Q: Focusing only on transportation​ costs, if a firm pays both the costs of transporting inputs to its…

A: Transportation cost is a crucial factor in a production process. A firm has to incur transport cost…

Q: Suppose that the nation of Costa Rica produces Coffee and Bananas. Below are the possible…

A: Opportunity cost is the value of an economic activity that is sacrificed to perform another economic…

Q: Suppose the marginal revenue of a perfectly competitive firm is $10 and its marginal cost is $18 for…

A: Price and marginal revenue are always identical in a perfect competition market since the market…

Q: Consider PNW Airlines, an airline focused on transporting cargo. Their fleet is composed of four…

A: The supply of a company is constrained when it can not supply beyond a certain output level. The…

Q: Concept VP of benefits, $ VA of no benefits, $ Initial cost, $ Operation cost and mantenaince by…

A: The cost-benefit ratio provides the cost analyses for decision marking. It states whether an…

Q: t a particular street corner are two competing sandwich shops: Tony’s and Diana’s. Both have been…

A: Price elasticity of supply measures the responsiveness of change in quantity supplied to change in…

Q: What is the "Price Elasticity of Demand" and what is its role in Microeconomics?

A: Price elasticity of demand: It measures the percentage change in the quantity demanded for a 1%…

Q: All of the following except one are functions of the Bank of Canada. Which is the exception?…

A: A central bank is the apex institution in the banking system of the nation. The bank controls the…

Q: Since a positive externality is a good thing, why is it considered a cause of market failure? P O a.…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Price Qd Qs1 Qs2 $20 0 10 8 $18 1 9 7 $15 2.5 7.5 5.5 $12 4 6 4 $10 5 5 3 $5…

A: An externality is a benefit or expense that an individual experiences as a result of the creation or…

Q: An oligopoly is a market structure, dominated by more firms than a monopolistic structure. False…

A: Given statement An oligopoly is a market structure, dominated by more firms than a monopolistic…

Q: Consider a Cournot duopoly, the firms face an (inverse) demand function: Pb=268-10Qb. The marginal…

A: Profit maximizing quantity is where MR = MC  MR is the marginal revenue ,  MC is the Marginal Cost…

Q: The Fed is the most independent of all U.S. government agencies. What is the main difference…

A: By managing the discount facilities at every bank and by allowing five of their presidents sit on…

Q: 3. The money creation process Suppose First Main Street Bank, Second Republic Bank, and Third…

A: Assets - An asset is an increased value that a corporation or country owns and controls expecting a…

Q: -When Government Spending increases by $10 B Aggregate Demand increases by MORE than $10 B.  Which…

A: Aggregate demand, finds the total amount of the market for each and every product and service that…

Q: Transference Wage as posited by Sir Arthur Lewis is: a. Subsistence Wage with a large premium…

A: Sir Arthur Lewis draw on the idea of how unlimited labour supply was available at subsistence wages…

Q: What are the problems faced during determination of terms of trade?

A: Terms of trade (ToT) is defined as the ratio of export prices to import prices of a country. There…

Q: There are five independent projects available to be financed by a certain public institution. The…

A: A company chooses a particular project among a number of projects on the basis of the benefit (B) by…

Q: Two firms H and L have discrimination coefficients dH and dL, where dH > dL. Briefly explain the…

A: Discrimination is the concept used in the labor market where workers are paid different wages as per…

Q: Which of the following is included in M2 but not in M1?     a. Currency     b. Demand deposits…

A: M1 is narrow money. It involves liquid assets  like cash, demand deposits, check able deposits,…

Q: What is the opportunity cost (amount & item) of the first 11,000 tons of coffee produced?…

A: Opportunity cost is the cost of producing one good in terms of other.  Opportunity cost shows the…

Q: What are the criticisms of opportunity cost doctrine?

A: Opportunity cost is the cost associated with another alternative that might be considered if one is…