Check m Use the following table to answer the question below. (1) (2) (3) (4) (5) Qd Price Qs Qs 50 40 $10 70 80 60 50 9. 60 70 80 60 8 50 60 90 70 40 50 100 80 30 40 Suppose that market demand is represented by two demanders in columns (1) and (2) and market supply is represented by two suppliers in columns (4) and (5). If the price were artificially set at $6 Multiple Choice demand would change from (2) to (1).

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The COVID-19 pandemic has caused an unprecedented increase in savings in many countries around the world.  In the EU, the savings rate of households has jumped from 12.5% to 17%.  In 2008-2009, it had moved from 12.5% to 14% (Dossche and Zlatanos 2020).  Even if the source of 2020 surge in savings is different from the one of 2008, it is obvious that this increase does not result in more investment and growth. QUESTION: 1. With reference to the paradox of thrift discuss the appropriate approach by the government to get the economy out of economic downturn swiftly

Explain why in every econometric model there must be an error term, explain its function.

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In the process of the application of checks and balances, which of the following would be the last to happen? A. The legislature passes legislation which would require all public schools must teach a healthy lifestyle class. B. The governor issues an executive order respecting the implementation of the new law. C. The Texas Education Agency creates a program called "Eating for Life." D. The court declares a law unconstitutional.

6. For your birthday, you receive a hamper from your friend, which contains food and drink. They have chosen to buy you 8 packs of hot chocolate and 10 packs of luxury biscuits. Unfortunately, the hot chocolate is not milk chocolate and the biscuits are chocolate chip and not your favourite ginger biscuits! They haven't provided the receipt, but you return to the shop where the hamper was bought and ask to exchange the items. Each pack of hot chocolate was priced at £5 and each pack of biscuits was priced at £6. You face a utility function of U (Hċ, B) = H²B. When you return to the shop, you see that all of the biscuits are now half price, but all of the types of hot chocolate haven't changed in price. You are able to exchange your biscuits and hot chocolate, but can only receive a refund based on the current marked price of the products in the shop. Given this information and assuming hot chocolate is on the horizontal axis and your aim to maximise utility, what should you do? (a) You…

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