The U.S. economy is based on_ and O facts, funding income, funding services, information services, income

Q: Which of the following statements about the banking system is correct? O The policy rate is the rate…

A: A banking system is a collection of entities that provides us with financial services.These…

Q: What change must be caused by devaluation? Pick a,b,c or d A) a fall in the rate of interest B) a…

A: Devaluation is a situation in which the currency of the country devalues. That is the value of the…

Q: compete They ace an nverse demand function given by P = 120 – Q cost functions for the 2 firms are…

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Q: An industry contains two firms that have identical cost functions C(q)=10+2q. The inverse demand…

A: When two firms' production  decision depends on quantity sold by each other, they are in Cournot…

Q: The largest single share of the national income consists of: O wages and salaries. O rents. O…

A: National income measures the value of final goods and services produced in an economy with in the…

Q: QUESTION The Eurapean Union has increased its import of goods and services from the Unted States…

A: The rate at which one country's money is exchanged for another country's currency is referred to as…

Q: a) Consider 2 firms competing on price choice and facing the following market demand functions: q1 =…

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Q: b) Consider 2 firms in an oligopoly industry that compete on output choice. They face an inverse…

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Q: f money is worth 5% per year, would it be a good investment to spend $100,000 for a new food…

A: Given: Interest rate=5% Initial spending=$100000 Saving=$12000 Number of years=7

Q: A local video store estimates its typical customer's inverse demand is P = 10 – 2.2Q, and it knows…

A: In a two-part pricing model, the firm charges two prices, i.e., entry fee and per-unit price from…

Q: Analytically discuss how Economies of Scale and Imperfect Competition describe contemporary trade.…

A: Economies of Scale This describes the cost savings that occur as a company expands its scale of…

Q: How do planned inventories enter firms' calculations in arriving at a short-run equilibrium output ?

A: Keynesian cross theory is used for equilibrium level of output in short run in economy. Aggregate…

Q: (i) Explain the difference between Gross Domestic Product (GDP) and Gross National Income. (ii)…

A: i)The entire amount of all the money earned by a nation's population and enterprises is known as…

Q: good a and b are perfect compliment i spend 80usd to buy them monthly, the price of the 2 goods are…

A: (Q) good a and b are perfect compliment i spend 80usd to buy them monthly, the price of the 2 goods…

Q: 2. a) Explain the quantity theory of money. b) What are the basic assumptions behind the quantity…

A: If quantity of money is higher as compared to the goods/services, then the price level in the…

Q: What is the equilibrium quantity of credit card balances when the nominal interest rate is zero?…

A: Nominal interest rate refers to the interest rate before taking inflation into account. Nominal can…

Q: Under free trade, advantage is the reason for positive gains to both economies, whereas under free…

A: Absolute advantage portrays what is happening in which an individual, business or nation can create…

Q: Q2. The economist for the ABC Truck Manufacturing Corporation has calculated a production function…

A: We have  Production function: Q=1.3L0.75K0.3             .... (1) Also Labor Capital 100 50…

Q: 4/ Julieta and Eric are purchasing a home. They wish to save money for 15 years and purchase a house…

A: When you borrow money or put money into a savings account, compound interest (also known as…

Q: Using the concept of externalities, discuss the economic rationale for government intervention in…

A: Externalizes are the consequences or outcomes of any economic activity on third parties. It can be…

Q: Suppose the Market Demand function is Q = 60,700 – 520P. The two firms in the market compete under…

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Q: Discuss the common law remedies that are available for a breach of sale agreement.

A: Whenever a guarantee or arrangement is broken by any of the gatherings we call it a breach of…

Q: Explain how government borrowing affect interest rate in the market. What impact such change in…

A: The fiscal deficit occurs when government spending exceeds government receipts. The government…

Q: Illustrate and explain how a new round of fiscal expansion in Europe due to the negative…

A: The Russian invasion of Ukraine will have a significant impact on economic activity and inflation,…

Q: ibe how a change in the exchange rate nay affect the pricing of a company. How an the company profit…

A: Depreciation is an abatement in a resource's worth, might be brought about by various different…

Q: A gadget monopolist has the following average revenue (= market demand) and long-run average cost…

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Q: Select ALL of the following that are formal steps in the Franchise Sales/Quality Cycle O Advertising…

A: Meaning of Market: The term market refers to the situation under which the producers or the…

Q: Q = 4L + 8K Q = 50K0^L0.6 Q = [K0.5 L0.5]3 i) Calculate the marginal products of labor and capital

A: The marginal product of an input is a change in the production function when a unit of an input…

Q: Product differentiation is clearly an example of a barrier to entry so studying monopolistic…

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Q: Economics 3. A golf tournament pays $80,000 to the player who finishes in 4th place and pays $70,000…

A: The predicted financial returns or monetary disbursements from investments or annuities are referred…

Q: Consider the quantity competition between two firms, A and B, in 380 — 2QA - Qв, where P denotes the…

A: We have two firms with different marginal cost of production.

Q: A country’s current account position moves from a surplus to a deficit. What will be the result?…

A: Current account:- it is a record of a country's transactions of goods and services, net earnings on…

Q: Question 19 A nonexcludable good is a good in which: it is difficult to prevent someone from using…

A: The term public goods refers to goods that are both non-excludable and non-rivalrous in nature. This…

Q: Which of the following characteristics is true of paper currency? O It is the only type of money…

A: In an economy, money is exchanged in different forms such as paper money, coins, pr other monetary…

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A: *Answer:  Skilled labor refers to workers who are highly trained, educated, or experienced and can…

Q: An economy has a + 4% output gap, what is its cyclical unemployment ? What is the phase of the…

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Q: Consider the production function Q = 4L0.4K0.5 where Q is the total output, L is labour and K is…

A: "Elasticity of production of labour L is computed by dividing marginal product of L by average…

Q: Prime Minister Trudeau legalized marjuana. The marljuana industry is a 11Bion-dollar industry in…

A: Gross domestic product is the total market value of goods and services produced domestically during…

Q: b) "International trade is beneficial to developing countries." Do you agree? Discuss your arguments…

A: Due to the  need or want of goods or services, the exchange of capital, goods, and services across…

Q: Consider a beekeeper who produces honey and sells it at a constant price per kilogram. Assume that…

A: The scenario in the question is an example of "positive externality" because the bees will help the…

Q: (b) Use the easiest technique to determine which one of the following alternatives should be…

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Q: Suppose that a fhrm is producing in the short run with output given by Q-65L L2 The firm hires labor…

A: The firm maximizes profit by hiring workers to the point where marginal product equals real wage.

Q: Price (per gallon) Quantity demanded (millions of gallons) 800 Quantity supplied (millions of…

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Q: O is an agency of the executive branch of the Federal government. O has the same status as the…

A: A national bank, save bank, or monetary authority is a foundation that deals with the money and…

Q: Calculate total profits in this hypothetical economy: Units of capital: 100 Units of labor: 200 W:…

A: Ans. Total profit is the difference between total revenue and total cost.       Total profit = Total…

Q: Question 34 If the demand for money exceeds the available supply, it can be expected that: O the…

A: Answer is given below

Q: In IS-MP model what variable is on horizontal axis? If IS-MP have different variable on horizontal…

A: IS that is an investment and saving is a downward sloping curve, this curve shows that with an…

Q: Tyson Foods is the largest U.S. beef and chicken supplier, processing more than 100,000 head of…

A: Given: Units of the head of cattle = 100,000 Chickens weekly = 40 plus million Total gas station =…

Q: a) Consider 2 firms competing on price choice and facing the following market demand functions: 91 =…

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Q: Following political tensions, Germanys marginal propensity to import from Russia is likely to…

A: IS curve refers to the investment saving curve. It shows all such combinations of interest rates and…

Public Saving

Public saving deals with the amount which has been in excess after meeting all the obligatory expenses and investment of the government. Taxes are collected by the government to meet its day-to-day expenditures. The obligatory expenses include all those expenses which are mandatory for the government. It cannot be avoided as it is inevitable.