Which of the following statements is (are) problems associated with economic growth? O a. Growth of GDP ignores social problems, such as crimes O b. Growth of GDP ignores income distribution Ос. Growth of GDP ignores pollution O d. All of the answers are correct

Q: 47. A firm encounters its 'shutdown point' when A. O Average total cost equals price at the profit-m...

A: The expenses that are being incurred by the firm for carrying out its day-to-day transactions are kn...

Q: In the context of the monetary approach to the determination of the exchange rate, what is the effec...

A: As a particular product gets into manufacturing process, cost  takes place and business follow ups. ...

Q: Select one: O Neither country has a comparative advantage in the production of timber or honey. O Le...

A: Comparative advantage arises when the country produces good at lower opportunity cost than other cou...

Q: Exercise 2 Consider a small open economy. Assume that GDP (Y) is 5000. Consumption (C) is given by t...

A: Dear learner you have posted a question with multiple subparts, we have solved only first three sub ...

Q: Under a fixed exchange rate system with perfect capital mobility, the effect of an internal shock fr...

A: A fixed exchange rate system is a market situation when countries set a specfiic price or value of t...

Q: 9-3. Tyson Brothers Manufacturing is currently earning economic profit. However, the market for the ...

A: The perfectly competitive market refers to the market where the price is equal to the marginal cost,...

Q: Cash flows related to three mutually exclusive capital equipment projects are given in table below. ...

A: Given information MARR=10%  

Q: Consider the market for low-skilled labor where firms demand labor and workers supply labor. The pri...

A: Equilibrium wage is given where the market labor demand equals market labor supply. As is already me...

Q: Emerging economy Renewable energy Oil and coal Developed Renewable energy (10,10) (4,12) economy Oil...

A: Game Theory is the study in social science that deals with the decisions and outcomes of two rationa...

Q: 5. A ceramics manufacturer sold cups last year for P7.50 each. Variable costs of manufacturing were ...

A: The term “income statement” refers to a financial statement that shows the net income produced from ...

Q: What is the law of diminishing returns and what does it imply about the shape of the firm’s average ...

A: Returns to scale is an important concept in economics which studies how the output is affected if ad...

Q: GDP per capita is an indicator that tells us the whole picture about income inequality and income di...

A: GDP is the value of final goods and services produced in the economy within a given period of time.

Q: The central bank increased monetary base from 1,000 to 2,000. Calculate the increasc in money supply...

A: Money supply is given by the formula: Money supply = money multiplier ×monetary base where money mul...

Q: If money supply increases 10%, and we assume a constant money velocity: O We should have a price inc...

A: The quantity theory of money states that M × V = P × Y, where M is the money supply, V is the veloci...

Q: At the start of 1996, the annual interest rate was 8 percent in the United States and 4.8 percent in...

A: The exchange rate is the rate at which one currency can be purchased by another currency.

Q: B. Under market condition, firms make normal profits in the long run.

A: To find : Under which market firm make profit in long run. 

Q: Pollution is a negative externality. Why is it that the social optimum in a market that generates po...

A: Externality: - it is a cost or benefit generated for the third party by the actions of other people.

Q: The class that owns the mode of production is in the dominant position and exploits the other classe...

A: Here, it is given that a firm or class has ownership of mode of production due to which it exploited...

Q: Darnell and Janet are debating the use of coupons by grocery stores. Darnell says, "The use of coupo...

A: Coupons are indeed most effective to price discrimination. Companies set a high price of the product...

Q: Figure 9-16 $/q MC 6.70 6.00 ATC 4.90 AVC d = MR 4.00 2.80 2.60 b. 6 8 12 14 If the price-taker firm...

A: A perfectly competitive firm is a price taker and accepts the price as given.

Q: Question 3 3(a) Use your knowledge of the Classical model to write down an equation that explains th...

A: Dear learner you have posted a question with multiple subparts, we have solved only first two sub pa...

Q: How do investment banks works?

A: Banking is an integral part of economics, which accepts deposits from the people and generate loans ...

Q: An examination of the production isoquants in the figure at right reveals that A. the MRTS is consta...

A: Isoquants show different combinations of two inputs that can be used to produce a given level of out...

Q: debt by $24.5 trillion over the next 20 years. This will be financed through future taxes. Americans...

A: The correct answer is given in the second step.

Q: CI G (a) What is the current equilibrium level of national income? = 60+5+8+710:70 (b) What is the l...

A: Note:- Since we can only answer up to three subparts, we'll answer first three. Please repost the qu...

Q: If a bank holding company owns a bank that is chartered by the Office of the Comptroller of the Curr...

A: The answer is - the OCC

Q: When the government finances deficit spending through the issue of government bonds, the government ...

A:  Fiscal Deficit Fiscal deficit refers to a situation in which government spends more than its revenu...

Q: Estimate the following model: In exports Bo + B1 ln gdp_d + B2 In dist_d + B3comlang + B4 (In dist_d...

A: The given model is: ln exports =β0+β1 (ln gdp.d) +β2(ln dist.d) +β3(comlang) +β4(ln dist.d*comlang)+...

Q: Global communications in the information age O 0. Connect populations living at distance from home c...

A: The sharing and development of information through nonverbal and verbal messages in international se...

Q: A firm that always employs two workers for each unit of capital follows which type of production fun...

A: The technological relation that exists between quantities of the output of goods and the quantities ...

Q: 7. Marginal utility is equal to average utility at that time when average utility is

A: To find : When is margin utility equal to average utility. 

Q: SY 'I commodities: coconuts and passion fruits. The table below contains the amount of each commodit...

A: Given that both countries have 180 hours of labor available we can calculate maximum production of e...

Q: MUA =z = 30 - 4x MUB = z = 20 - 5y, where z is marginal utility per dollar measured in utils, x is t...

A: Given that, MUA = z = 30-4x MUB = z=20-5y Consumer income =$7 Budget constraints ; x+y = 7 At equili...

Q: Bob loves clothes. His favorite activity is to go shopping at the mall and try on new clothes. He lo...

A: Bob is a fashionista. H e wishes he could afford all of the designer clothing he desires. Unfortunat...

Q: D. Read the problems below. Analyze and solve the problem carefully. 1. The cost in dollars, of prod...

A: Note: We’ll answer the first question since the exact one wasn’t specified. Please submit a new ques...

Q: Question 5 Consider the Romer model, where F(A4, Ly,) = ALyt and I = 0.35. How much does production ...

A: Lyt refers to the number of workers in the knowledge production. If population is L¯  and fraction o...

Q: To minimize GDP fluctuations, the government should run a budgetin times of recession and a budget i...

A: When talking about GDP fluctuations, it is the cause of the fluctuations in the business cycle such ...

Q: If country A has a Gini Index score of 0.55, and country B has a Gini Index score of 0.32, then Coun...

A: Inequality depends on how income is distributed among the population.

Q: When does the opportunity cost of holding money rise? O a. When income falls O b. When interest rate...

A: Opportunity cost is the value of the next best alternative/option which is forgone.

Q: 40. Total utility of a commodity is measured by which price of that commodity?

A: To find : How is total utility of commodity is measured. 

Q: Some workers are “skilled”. Each of them on average will install 4 packages per day. The rest of the...

A: We see that for any given wage quantity supplied for unskilled worker is 4 times that of a skilled w...

Q: Two new instruments are being considered for an engineering firm. The firm uses a 12%/year expected ...

A: Given information Option 1 Initial investment=$120000 Annual return= $17500 n=12 years Option 2 Init...

Q: Next week is Bob’s birthday and he will receive RM100.00 for his present. He saw a pair of jeans at ...

A: Here, it is given that Bob has RM100.00 from which he can either biy a pair of jeans or all other th...

Q: 1. In Your Own Point of View.. Which is More Productive in the Three Sectors Of Production  and Why....

A: Primary sector is the most productive sector.

Q: Households and businesses often hold some of their wealth as non-interest earning money balances bec...

A: People hold some part of their wealth and some as interest bearing asset.

Q: Question 47 Patents, which confer market power, are intended to: O maintain the dominance of U.S. fi...

A: the patents allow the inventors and developers to regain some of the cost of innovation. In this way...

Q: 5. A consumer has preferences over vegetables and meat given by the utility function U(V, M) = V3M²/...

A: A person maximizes utility where marginal rate of substitution is equal to the price ratio of two go...

Q: According to Marshall, the basis of consumer surplus is Law of diminishing MU

A: To find : What is basis of consumer surplus. 

Q: Would a binding minimum wage increase the total wage bill (total revenue of all the workers in thi m...

A: Binding minimum wage Binding minimum wage refers to a minimum wage that is set above the equilibrium...

Q: Assume that the risk-free rate (Rp) is 3% and the market risk premium (km - RF) is 8%. If the value ...

A: Given risk free rate = 3 % Market risk premium = 8 % Beta = 0.5