How can a country increase its production capacity (its ability to produce goods and services)? 1. By increasing its government spending 2. By increasing its resources (land, labor, machines, etc.) 3. By increasing its money supply 4. By shifting the production possibilities curve to the left
Q: 1) Are monopolists guaranteed of making economic profits?. pleas explain.
A: Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: 1. On January 1, 2002, Germany officially adopted the euro as its currency, and the deutsche mark…
A: The three purposes or services that money offers are frequently used as its definition. A unit of…
Q: True/False Marginal utility keeps falling with the each additional consumption of a good or…
A: Economists uses the concept of marginal utility to determine how much of a product consumers are…
Q: An experiment consists of four outcomes with P(E1) = 0.2, P(E2) = 0.3, and P(E3) = 0.4. The…
A: Given information: An experiment consists of four outcomes, i.e. E1, E2, E3, and E4. P(E1) = 0.2,…
Q: II Analytical 4. Assume that equilibrium GDP (Y) is 5,000. Consumption (C) is given by the equation…
A: 4)Macroeconomic policy is concerned with the economy's entire operation. In general, macroeconomic…
Q: Explane the stages a bill must go throught to become an Act of Parliament and the main advantanges…
A: The parliamentary law making process is a fundamental aspect of the United Kingdom's system of…
Q: An economy has the following money demand function. 0.5 Y (MIP) d = where the nominal interest rate…
A: Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: A total of $54,000 is borrowed and repaid with 48 monthly payments, with the first payment occurring…
A: Future value: The future value determines the present value of a commodity in the future after…
Q: Suppose that nominal GDP was $8 trillion in 2040 in Atlantis. In 2050, nominal GDP was $10 trillion…
A: Nominal GDP refers to the value of goods and services that are measured at current year market…
Q: Consider a simple economy that produces two goods: beers and paper plates. The following table shows…
A: Nominal GDP refers to the market value of all the final goods and services produced in an economy…
Q: What is the value of the test statistic for a test with a null hypothesis that mu = 250, Xbar = 260…
A: Standard deviation is a measure of the amount of variation or dispersion of a set of data values…
Q: Illustrate the market for peanut butter when the scientists discovered that peanut butter is a good…
A: Demand refers to the quantity of a good or service that consumers are willing and able to purchase…
Q: Discuss the relationship of the developed countries (usually referred as the core) and the…
A: Production is the process of creating goods and services, typically involving the conversion of raw…
Q: What is the difference between the labor intensive production and capital intensive production…
A: Production basically refers to the process of creating goods or services for consumption. It…
Q: When the economy is at full employment, ----- is zero. A. unemployment B. cyclical unemploment…
A: Unemployment is defined as a situation where the people who are looking for jobs at the existing…
Q: In the graph above, suppose equilibrium is at point D. The price of the good is expected to rise in…
A: In the free economy, the equilibrium price and quantity is determined by the forces of demand and…
Q: QUESTION 9 B only Firms C and D A and B OC only A B с D Markets for Goods and Services Markets for…
A: Here we are provided the circular flow of income model in the presence of 2 sectors a) Household B)…
Q: Suppose that in an economy with no government, the aggregate expenditure function is: AE = 50+0.75Y…
A: The aggregate expenditure function is the graphical representation of planned expenditure in the…
Q: Steel Industry Consider a small country that exports steel. Suppose the following graph depicts the…
A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…
Q: Suppose this economy is producing at point W. Which of the following statement(s) would best explain…
A: A production possibility frontier (PPF) depicts the combination of two goods that can be produced…
Q: * Assume that somebody has to pay £2000 in three years' time and £3000 in seven years' time. They…
A: Present value is the value of investment in today's dollar. Future value is the value of investment…
Q: Illustrate the market for peanut butter chips after a major hurricane hits the peanut-growing south?
A: The market reaches equilibrium where quantity demanded is equal to quantity supplied.
Q: Refer to following table, if the group living in the house consists of Students A, B, and C, the…
A: Cost-benefit analysis is a way of evaluating the costs and benefits of a project to analyze which…
Q: 5. Assume that the demand for real money balance (M/P) is M/P = 0.6Y-100i, where Y is national…
A: The money market is the market of monetary assets. It includes the tools of interest rate and money…
Q: Q.3. Figure below shows the production possibilities frontier for a music processing plant that can…
A: Production possibilities frontier is the curve that shows different combinations of two goods…
Q: Give typed explanation Suppose in 2021, the average price level in Pacifica was 100, and that in…
A: PPP (Purchasing Power Parity) is a theory in economics that attempts to measure the exchange rate…
Q: within the variable price fixed wage version of the keynesian model, analyze the effects of an…
A: The variable price fixed wage version of the Keynesian model is a macroeconomic model that describes…
Q: Question 6 Suppose 3 P = P*; 3 Qd = Qs = Q* Numerically calculate the equilibrium price and quantity…
A: Demand-supply equilibrium: The demand function determines the willingness to pay of an individual…
Q: Statement Between points V and Z, curve MM is unit elastic. Between points V and Y, curve 00 is…
A: The elasticity of supply measures the responsiveness of change in quantity supply to change in…
Q: the graph above, a movement from point D to Point B is A. a movement from an efficient point to an…
A: Production possibilities frontier is a combination of goods efficient and feasible to produce in the…
Q: The competitive pressures from substitute products tend to be stronger when A) buyers have high…
A: Introduction Substitute products are products that can be used instead of another product to achieve…
Q: The gross domestic product (GDP) of the United States is defined as the all in a given period of…
A: GDP is the sum of consumption, investment, government expenditure and net exports in an open…
Q: PLEASE MAKE A SUPPLY AND DEMAND GRAPH BASED ON THIS EXPLAINATION The high demand for onions in…
A: Market equilibrium: At the market equilibrium we have demand equals to supply. Or at market…
Q: 10. Using the graph below, determine the equilibrium price and quantity of pens. PRICE Delars per…
A: Introduction The interaction between supply and demand in a market determines the price. Demand and…
Q: What are the challenges facing by Ghana? What are constraining effective implementations of Ghana’s…
A: Ghana is a developing country in West Africa. Ghana has five basic goals under "Vision 2020" Five…
Q: QUESTION 23 A university's football stadium is never more than half-full during football games. This…
A: Equilibrium price in economics refers to a price at which the quantity of a good or service supplied…
Q: In chapter 2 of your book "Understanding Business", in the box "Reaching Beyond Our Borders," the…
A: Inflation rate: The inflation rate refers to the average growth rate of an economy's overall price…
Q: The BEA says “Real gross domestic product (GDP) increased at an annual rate of 2.9 percent in the…
A: A country's overall economic output is measured by its real gross domestic product (GDP), which is…
Q: Which utility function represents quasi-linear utility function in y. A. U = x^2+y B.U=X+Y…
A: A quasi-linear utility function is a type of utility function where the marginal utility of one good…
Q: 1. Harvey Habit's utility function is U (C₁, C2) = min {c₁, c2}, where c₁ is his consumption of…
A: Most options necessitate decision-makers taking into account costs and advantages at various times…
Q: QUESTION 29 Suppose there are 100 buyers in the market for rice and all of them have identical…
A: Market demand curve is the graphical representation of the relationship between price and quantity…
Q: 1. Suppose the supply of heavy metal concert tickets is upward sloping and the demand for heavy…
A: ***Since the student has posted multiple questions, hence, the expert is required to solve only the…
Q: Find the consumer surplus. Supply: Q=2P. Demand: Q=100-5P
A: Consumer surplus refers the difference between willingness to pay by consumers and actual price of…
Q: If the production function is F(K. L) = K 1/3 L 2 /3 , the wage rate is 5, and the rental rate of…
A: Given information: F(K,L) = K1/3L2/3 Where F(K, L) is a function of K and L. K is capital and L is…
Q: The reserve requirement, open market operations, and the moneysupply Consider a system of banking in…
A: Money supply refers to the total amount of money in circulation in an economy, including both…
Q: Diogo has a utility function: U = 100X920.1 The price of X is p, = $10, the price of Z is p₂ = $4,…
A: Given information: U = 100X0.9Z0.1 --------------> Utility function --------------------------…
Q: Use the chart to match the number of firms witht the correct market structure. Market Structure…
A: A marketplace in the field of economics is a group of systems that permit the exchange of items and…
Q: Define rate-of-return relative to medical school education
A: Economics rely on an approach of the rate of return instead of physician to population ratio to…
Q: 6. Limitations of GDP Although GDP is a reasonably good measure of a nation's output, it does not…
A: GDP refers to the sum of consumption, investment, government expenditure and net exports. This can…
Q: Reason of the shift (supply & Demand) indicate what is the problem or what have caused (factors) of…
A: Price of any commodity in the market is determined by the demand and supply forces provided that…
Please answer correct explain plz asap 1234
Don't answer by pen paper plz
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- 5a. Assume that a basket of goods and services costs $30, 000 inIf the U.S. and 40,000 Australian dollars (AUD) in Australia. PPP holds, what is Es/AUD ?b. Provide one explanation for why PPP may not hold in the short run.1. Define the difference between macroeconomics and microeconomics. 2. What are the relative sizes of the US & global economies? 3. How is the US is able to produce so much and how has output has changed over time?If this economy devotes all of its resources to the production of notepads, then it will produce
- many countries produce a single good upon which much of their economy depends. That good might be coffee or wool or oil. How might a production possibilities curve help economists in such a country determine how to diversify their economyMicrosoft Word - (2)p macro HW 1 B AaBbCc AaBbCAaBbCcDc AaBbCcDc 2 ulgi 1 ülaue blout Production Year 1 Good X 50 Good Y 100 Prices ear! $1.20 S0.60 Year 2 Year 3 Year 1 $1.00 S0.60 Year3 S1.20 50 60 140 120 1-Assume that this economy produces onlytwo goods Good Xand Good Y. The value for this economy's nominal GDP in year lis 2- Assume that this economy produces only two goods Good l'and Good Y The value for this economy'snominal GDP in year 3 is 3-Assume that this economy produces only two goods Good l'and Good Y The value for this economy s nominal GDP in yea 4-Assume that this econonmy produces onlyt 1 is the base year. the value for this economy sre land Good Y If year 5-Assume that this economy produces only two goods Good land Good Y If year 1 is the base vear. the value for this economy's GDP deflator in vear 1 is 6- Assume that this economy produces only two goods Good.I and Good Y If year 1 is the base year. the value for this economy's GDP deflator in year 2 is 7- Assume…Refer to the information provided in Figure 2.1 below for the economy of Macroland to answer the question(s) that follow. Capital goods Consumer goods Figure 2.1 Refer to Figure 2.1. If Macroland's economy is at Point A, it could produce more consumer goods O only by sacrificing some capital goods. O without sacrificing any capital goods. O only with additional resources. O only with technological improvements.
- a] Draw a production possibilities curve (PP1). Label the horizontal axis Tools and the vertical axis Grain. Now, assume the development of a new technology that can be used only in the tool industry, and that it increases tool output by 50 percent. 6. Assume that the economy of Finhorn faces the following production possibilities: QUANTITIES PER YEAR C D b) Draw a new production possibilities curve (PP2) that reflects this new technology. A 25 40 50 Grain c) If Finhorn produced 12 units of tools per year, how many units of grain could be produced after the introduction of the new technology? 12 8 4. ToolsSuppose that a country produces 200 million dollar value of total outputin a year. The country produces only two goods: pepperoni pizzas andbottles of soda. The price of a pepperoni pizza is $5 and the price ofa bottle of soda is $2. Draw the country’s iso-value line on a graph. Ifthe price of a pepperoni pizza increases to $8, what will happen to thecountry’s iso-value line?Refer to the information provided in Table 21.10 below to answer the question that follow. Table 21.10 Production Prices Year 1 Year 2 Year 3 Year 1 Year 2 Year 3 Good X 50 $1.00 $0.60 $1.20 $1.00 50 60 $1.20 Good Y 100 120 140 $0.60 Refer to Table 21.10. Assume that this economy produces only two goods Good Xand Good Y. The value for this economy's nominal GDP in year 3 is Lutfen birini seçin: O A $144. OB. $212. OC $160 OD $200 OE S180.
- 9. Draw a PPF curve for the macroeconomy of Germany (a large producer of capital goods). Assume that Germany has an unemployment rate of 7%. (Hint: draw the dashed line assuming a full employment level of 4.5% unemployment rate and consider only consumption and capital goods in the economy.)Suppose that a worker in Country A can make either 25 bananas or 5 tomatoes each year. Country A has 200 workers. Suppose a worker in Country B can make either 18 bananas or 6 tomatoes each year. Country B has 400 workers. What are two possible consumption bundles that Country B could produce? Can you explain how to do the math please? a. (7,200 bananas, 2,400 tomatoes) and (3,600 bananas, 1,200 tomatoes) b. (7,200 bananas, 0 tomatoes) and (4,000 bananas, 1,200 tomatoes) c. (3,600 bananas, 1,200 tomatoes) and (1,800 bananas, 1,600 tomatoes) d. (1,800 bananas, 1,800 tomatoes) and (900 bananas, 2,200 tomatoes) Correct answer is C i need Completely solution. Along with all value how to getBased on the given scenario, answer all the questions. Consider a world composed of two countries, U.S as Home and Malaysia as Foreign. U.S and Malaysia both are producing two goods for machines and pants. Assume that Malaysia is capital abundant and machines are capital intensive. a) What is(are) the factor of production that used in the production? b) With a help of a diagram, explain how the change in the relative price of goods alter the distribution of income [Hints, normally use relative price of goods for capital abundant or labor intensive]. c) With a help of a diagram, explain how levels of output change when the economy’s resources change [Hints, normally use relative price of goods for capital abundant or labor intensive].