A nation’s merchandise trade balance reflects _____. A.the value of exports of servicestrade b. in tangibles and intangibles c.the same information as its balance of payments d.trade in tangible products e.the value of imports of services

Q: The determinants of aggregate demand explain shifts in the aggregate demand curve. How does a…

A: Aggregate demand refers to the total amount of the goods and services that a economy's household,…

Q: If a firm has a production function of the form: Q = LK1/2, what can we conclude? O The firm has…

A: The marginal rate of substitution signifies the quantity of goods being sacrificed to obtain an…

Q: Let Utility be given by U(x, y) = x2y2 With a budget contraint pxx + pyy = y Let px = 10 Let py =…

A: We can do this by setting her marginal utility of each good equal to the price of that good.The…

Q: 1. Consider the following utility function for consumer i, who consumes two goods, namely x and y…

A: Consumer i only consumer two goods x and y. The utility function is given as…

Q: Consider the supply of soybeans in South America and the demand for soybeans in China. Draw a graph…

A: Market for soyabean is presented with its production of soyabeans in South America and its demand…

Q: (a) Derive the equation that determines the future capital-per-worker in competitive equilibrium.…

A: (a) Derive the equation that determines the future capital-per-worker in competitive equilibrium:In…

Q: Suppose you live in the United States and plan a vacation in London. You want to find the least…

A: One nation's currency can be exchanged for another nation's currency is called the exchange rate. It…

Q: 13. Consider the following figure. The charts present the evolution over time of the federal funds…

A: A negative monetary shock refers to a sudden and significant disruption in a country's monetary…

Q: Graph a supply and demand model for parking in New Haven. Think deeply about what the supply curve…

A: Microeconomic equilibrium arrangements investigate several person interactions and linkages, which…

Q: (a) Suppose that the goal of the firm is to maximise the expected discounted value of its profits,…

A: (a) Optimisation Problem of the Firm:Maximizing the predicted discounted value of the company's…

Q: Consider a Stackelberg duopoly with the following inverse demand function: P = 1,200 − 3Q1 − 3Q2.…

A: Stackelberg model refers to a market structure where the leading firm sets the price first.

Q: Suppose that the production function is given by Y-AK0.4N0.6. What is the percentage change in…

A: The production function shows the relationship between the inputs used and the output produced. The…

Q: WebMD's claim will cause consumers to demand Shift the demand curve, the supply curve, or both on…

A: Perfect competition is a type of market where there are very large number of firms, which have no…

Q: PROBLEM (5) Cars (x) is a normal good, and public transportation (y) is a substitute for cars. The…

A: "As stated by the client, I am providing answer to only part D". Car is a normal good and public…

Q: An individual consumer has utility function U(x, y) = x² + y defined over bundles (x, y) such that x…

A: It can be defined as the concept of preference which shows that the amount of one good rise while…

Q: Consider a two-period sticky-price economy populated by identical households with preferences…

A: Macroeconomic monitoring will remain crucial since it dictates the economy's final course of…

Q: Historians have been able to find out how the relationship between wage levels and capital costs…

A: In economics development refers to a a rise in the economic growth and the improvement in the…

Q: @ e . ECONOMIC REGULATIONS Investments in transportation infrastructure (modal & intermodal) PHINMA…

A: Economic regulators are the rules that can create hindrances for new businesses to enter the market.…

Q: PW and AW values of an asset Years, n Select one: Oa. 4 years Ob. 2 years c. 1 year Ⓒd. 3 years O If…

A: Economic life refers to the length of time an asset is expected to be useful to the owner.

Q: (a) What type of preferences does Alfred have and are they homothetic and/or quasilinear? (b) What…

A: Alfred's utility function is given by U(X,Y) = 5X + 6Y, where X represents the quantity of good X…

Q: 3. Why the aggregate demand curve slopes downward The following graph shows the aggregate demand…

A: Demand is the desire backed by a willingness to pay and the ability to pay by an individual. The…

Q: QUESTION 7 Figure 14-4 PT P6 2 B$ P3 P2 Pl Price MC Q1 Q2 Q3 Q4 Q5 ATC AVC Quantity Refer to Figure…

A: Competitive market has many firms producing identical goods. This makes the firms price takers as…

Q: What was the purpose of negotiating voluntary export restraints (VERs) by industrial nations? a. To…

A: Voluntary export restraints (VERs), also known as voluntary export restrictions, are trade policy…

Q: A firm's production function takes the form: Q(L, K) = min {8L, 6K}, where Q represents output and L…

A: Marginal cost is the change in total cost incurred to produce an additional unit of output.

Q: Compute the capitalized cost of a new car worth P800,000.00 if it is estimated that it requires…

A: The capitalized cost of the car or equipment is described as the total cost incurred by the company…

Q: Explain why choices you made during the Covid-19 pandemic were in your self-interest. Choices you…

A: Externalities refer to the cost/ benefit that one's choice creates on society (other than the…

Q: The following graph illustrates the market for cashews. It plots the monthly supply of cashews and…

A: Elasticity of demand measures the responsiveness of quantity demanded to changes in price level. It…

Q: No written by hand solution  Refer to Table C. If the production possibilities frontier is bowed…

A: Production possibility frontier curve: The production possibility frontier curve represents…

Q: Discuss the differences between a change in quantity demand and a change in demand.

A: Demand for the good refers to the quantity of the good demanded at various prices during a period of…

Q: PROBLEM (7) A consumer with I dollars budget has the utility u(x,y) = x(y+1) over amounts of cake…

A: A person's preferences and level of satisfaction from consuming various products and services are…

Q: 3. Equality versus efficiency All societies face a trade-off between efficiency and equality. If the…

A: Income tax rate is inversely related to the hours worked by the businesses. That is , higher the…

Q: Which one of these is NOT an academic journal? O The Economist O Tourism Management O Annals of…

A: An academic journal is a specialized periodical that serves as a platform for scholars, researchers,…

Q: As discussed in the lecture, if producers limit the supply of a product (like chickens) they are…

A: Supply refers to the quantity of goods and services supplied by the producers in the market. The…

Q: Why is 'coordination failure' a problem in economics? O Because different individuals have…

A: Coordination failure in economics refers to a situation where market participants or economic agents…

Q: 26-when a price floor is the above equilibrium price: A- Quantity supplied will exceed quantity…

A: A price floor is a government-or group-imposed price control or limit on how low a price can be…

Q: "A dollar today is worth more than a dollar tomorrow" This concept is the basis of Time Concept of…

A: Inflation is the general increase in prices over time. As prices continue to increase, the…

Q: Glacier has a comparative advantage in the production of a comparative advantage in the production…

A: Comparative advantage occurs when a country can produce a good at a lower opportunity cost as…

Q: Differences in nominal GDP between years can be due to either price changes or quantity changes.…

A: By definition, Nominal GDP = Current year's price * Current year quantity

Q: Required a) Using expected values as the basis of your decision, advise the theatre b) Prepare a…

A: a) Using expected values as the basis of your decision, advise the theatre:The expected value is…

Q: Let market demand be given by Q(P) = 100-P. Firm 1's cost function is given by C(q)-10q₁. Firm 2's…

A: Nash equilibrium refers to a situation in which each player in a game makes the best decision…

Q: 61) A monopolist faces market demand given by P = 60 - Q. For this market, MR = 60-2Q and MC = Q.…

A: A monopolist is the single firm in the market producing unique good, without facing any competition…

Q: Which of the following are "real" variables? All of these Salary purchasing power Quantity produced…

A: Real variabe  refers to a variable that has been adjusted for inflation or any other nominal…

Q: Suppose that between 2005 and 2006 GDP in Japan, measured using constant, year-2000 prices, grew at…

A: GDP is the gross domestic product. GDP is the Market value of all the final goods and services…

Q: analyse the meaning of political development and the influence of political modernisation theories…

A: Political development refers to the process through which societies and nations evolve and progress…

Q: A. Consider a monocentric urban economy in which every household has the same income and the same…

A: Commuting expenses are crucial in determining housing prices in a monocentric urban society with…

Q: According to the fallacy of composition, "What is true for one is not true for all." Select one:…

A: The Fallacy of Composition is a logical error that occurs when one incorrectly assumes that what is…

Q: A price-taking firm's variable cost function is VC=2Q³, where Q is its output per week. It has a…

A: A price-taking firm, also known as a perfectly competitive firm, is a type of business that operates…

Q: Explain fully how the equilibrium output, income, and employment are determined in the Keynesian…

A: The Keynesian model of macroeconomic equilibrium, often referred to as the Keynesian cross model, is…

Q: The graph shows the output function, savings function, and depreciation function for an economy.…

A: The Solow growth model, also known as the Solow-Swan growth model or the neoclassical growth model,…

Q: Xena has a small copy shop with one copying machine. Xena hires a​ worker, who increases output by…

A: Since, marginal product of a labour is the increase in total output produced due one extra…

Factor Models

Many attributes might be related to an asset's risk, including market capitalization (size), dividend yield, growth, price-earnings ratio, etc. The use of these traditional descriptors, however, presents a few problems: