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Economics
Would a reason the aggregate demand curve shifts downward be because of: A lower price level decreases consumption?
economics
consumer and producer surplus at equilibriun point explain through graph?
economics
Gasoline and beer are monopolistic competition. But why the prices of gasoline always changes while beer's price is constant?
economics
what are the arguments of high income, middle income, low income and corporate tax payers who are critical o the Canadian government's income tax policy.
economics
research the factors behind economic growth in Hong Kong and Singapore. Which of these methods of encouraging growth would you suggest to a newly industrialized economy?
college fundamentals of manageral economics
Evidenced by the recently reported quarterly growth the US economy seems to be on its way out of the most sever recession since the Great Depression. The unemployment picture however remains rather bleak. Still over 14 million Americans are without jobs. The US economic condit...
economics
I need points and counterarguments on how globalization helps farmers in third world countries for my debate. I know that it opens up trade and has technological developments to create more efficient farming. But that's almost all I can think of.
Macroeconomics
Can someone please explain this question to me? I have tried to pick out the key points but even then I do not know what to look up. Your bank is developing a marketing campaign to appeal to new customers. In a meeting, your manager asked the following question: "Do indiv...
microeconomics
is government involvement in scientific research a good idea? discuss
microeconomics
On balance, is the patent system a good or bad thing? explain.
Economics
How do you calculate the growth rate of real GDP between two years?
microeconomics
Externalities are third party consequence of some other action. They can be positive or negative externalities and they impose a benefit or cost to a third party. Identify a positive and a negative externality. Discuss the benefits and costs associated with each type of extern...
Macroeconomics
The effectiveness of monetary policy depends on how easy it is for changes in the money supply to change interest rates. By changing interest rates, monetary policy affects investment spending and the aggregate demand curve. The economies of Albernia and Brittania have very di...
Macroeconomics
Show the changes to the T-accounts for the Federal Reserve and for commercial banks when the Federal Reserve buys $50 million in U.S. Treasury bills. If the public holds a fixed amount of currency (so that all loans create an equal amount of deposits in the banking system), th...
Macroeconomics
An economy is facing the recessionary gap shown in the accompanying diagram. To eliminate the gap, should the central bank use expansionary or contractionary monetary policy? How will the interest rate, investment spending, consumer spending, real GDP, and the aggregate price ...
world geography
how did europe's peninsulas help it expand, considering economics and ideas etc?
economics
If businesses believe consumption will increase six months from now, everything else held constant, and they begin to increase investment, what do you predict will happen to aggregate demand?
Managerial Economics
Suppose Bill is on a low-carbohydrate diet. He can eat only three foods: Rice Krispies, cottage cheese, and popcorn. The marginal utilities for each food are tabulated below. Bill is allowed only 167 grams of carbohydrates daily. Rice Krispies, cottage cheese, and popcorn prov...
macroeconomics
help me graph this answer slope is rise over run. With each 100 increase in income (run), consumption goes up by 50 (rise). So, 50/100 = .5 = slope
HOME ECONOMICS
WHAT ARE THE DISPOSAL OF FULNESS,THE METHODS USED TO CONTROL THM AND HOW ARE THEY CARRIED
economics
I need help with part D below, i thought the function would be y=x/3 + y/2. 1. You produce sandwiches for the Perk cof ee stand. Sandwiches require 3 tablespoons of mayonnaise (x) and 2 tablespoons of mustard (y) (a) Write the production function for sandwiches and plot th...
economics
How has globalization benefited farmers in lesser developed regions? I can only find evidence that it hurt them. This is for a debate.
economics
the more elastic the demand for the good labor produces, the less elastic the demand for labor. True or False When a monopolistically competitive firm is in long-run equilibrium, average total cost is at its minimum. True or False
Economics
Assignment 3 1. Some games of strategy are cooperative. One example is deciding which side of the road to drive on. It doesn’t matter which side it is as long as everyone chooses the same side. Otherwise, everyone may get hurt. Driver 2 Left Right Driver 1 Left 0,0 -1000 ...
english
I am supposed to be telling about my day at the assembly which i had last week. Ms Sue gave the title to me and she also gave me intro for it. i had family going over this. i dont know please revise Rah! Rah! Bah! Bah humbug! How excited I was, it was time for me and my class ...
english
Rah! Rah! Bah! Bah humbug!How excited I was, it was time for my class to got to the assembly. The announcements went on and asked for all the home economic classes to come down to the assembly. Well I was in my home economics class-sewing and so I just wandered down the hallw...
economics
Assume that a bottle of wine sells for $10. The government decides to put a $1 per bottle tax on wine. What will be the new price that consumers must pay for a bottle of wine?
economics
Best Answer - Chosen by Voters Simply put, the higher the CR the more monopolistic an industry is (or in this case oligopolistic). The 4 firm concentration ratio is usually the standard measure of this. In the example w/ 30% CR you can assume there are likely low barriers to e...
history
how did the factors of population,economics,disease and climate shape the basic social conditions and ways of life in both the south and new england?
macroeconomics
Suppose in 2009 the united states congress passes a minimum wage law that increases the minimum wage (the lowest legal wage) to 7.25 per hour and has a provision that increases the minimum wage at the beginning of each year based on the CPI for the previous year. a.) If the CP...
macroeconomics
In 1995, the CPI was 152.5 and the price of an economics textbook was 70.00 dollars and a music cd was 16.00 dollars. If the CPI was 172.3 in 2007, what were the prices of the economics textbook and the music cd in 2007 dollars
Economics
A system of equations is given by: F1(x,y,a,b) = x² + bxy + y² - a – 2 = 0 F2(x,y,a,b) = x² + y ² - b² + 2a + 3 = 0 Where x and y are endogenous variables while a and b are exogenous variables. Compute the differentials δx/δb and δy...
macroeconomics
what is the relationship between short and long term interest rates as the time of maturity of the debt increases
economics
It is based on the idea the the velocity of money is constant. Monetarist advocated such a policy in the 1970's and Volcker tried it around 1980 and it a did not work so no one advocates it any more.
Economics
A system of equations is given by: F1(x,y,a,b) = x² + bxy + y² - a – 2 = 0 F2(x,y,a,b) = x² + y ² - b² + 2a + 3 = 0 Where x and y are endogenous variables while a and b are exogenous variables. Compute the differentials δx/δb and δy...
home economics
Suppose you’ll have an annual nominal income of $40,000 for each of the next 3 years, and the inflation rate is 4 percent per year. Find the real value of your $40,000 salary for each of the next 3 years.
Economics
How does the local, state, or national economy affect your business or place of work? Are there businessess that are relatively recession- or depression-proof? Why or why not? Are there businesses that may not prosper to the same extent as others during an economic boom? Why o...
microeconomics
A monopolistically competitive industry has the following structual characteristics:(1) a large number of firms,(2) no barriers to entry, and (3)product differentiation, relatively good substitutes for a monopolistic competitors products are available. Monopolistic competitors...
Economics
Why do some workers make more money than others? Must everyone make the same wage? Explain your answers using labor market equilibrium.
Economics
what does the positive slope of a line with Government expenditure (G) represent when Y=Total expenditure is on the x axis. For simplification, in the equation G=a+tY, where a and t are constants, what does t represent?
Economics
For each of the following possible events, indicate whether the demand or supply curve for dollars would shift, the direction of the shift, the determinant of the change, the inflow or outflow effect on the balance of payments (and the specific account that would be affected),...
economics
For each of the following possible events, indicate whether the demand or supply curve for dollars would shift, the direction of the shift, the determinant of the change, the inflow or outflow effect on the balance of payments (and the specific account that would be affected),...
economics
How could a tax cut achieve the same result? Would the tax cut have to be larger than the increase in government purchases? Why or why not?
economics
When using 400 printers and 200 printing presses to produce books. A printer's wage rate is 20, and the price of printing press is 5,000. The last printer added 20 books to total, while the last press aded 1,000 books to total output. Is this an optimal choice?
home economics social and scientific
explain three food imports and three food exports in the irish food industry
economics
As such, you are assigned the duty of ensuring the availability of 100,000 yen for a payment scheduled for next month. Considering that your company possesses only US dollars, identify the spot and forward exchange rates. What are the factors that influence your decision to us...
microeconomics
recently, cellular telephones have become very popular. At the same time new technology has made them less expensive to produce. by assuming the technological advance caused cost curves to shift downward at the same time that demand was shifting to the right. draw a diagram or...
economics
You are getting ready for your 1st day of work and realize that you have several options of how to get to bank of Wall Street. you could drive your car and look for street parking , or park in the parking garage. you mighteven take a taxi or subway. you must get to work , so t...
economics
A firm has production of cars in 2 countries with the following demand: Sweden: P= 300- 5Q Denmark: P= 150- 3Q Marginal cost for both countries= $40 per unit Will this company price discriminate, and if yes, which type of price discrimination will it use? What are the conditio...
microeconomics
which of the following are actual pareto-efficient changes? explain. a) You buy three oranges for $1 from a street vendor.b) you sr near death from thirst in the desert and must pay a passing vagabond $10,000 for a glass of water.c) a mugger steals your wallet.d)you take a tax...
microeconomics
suppose two passagers both end up with a reservation for the last seat on a train from san franciso to los angeles. two alternatives are proposed: a)toss a coin b)sell the ticket to the highest bidder. compare the two from the standpoint of efficiency and equity.
Economics
Suppose That A Scientific Breakthrough Leads To The Discovery Of A New Cheap Source Of Energy. What Would Be The Effect Of This Invention In The Short-Run And In The Long-Run?
ECONOMICS
Q=200-2P so that Marginal Revenue is MR=100-Q.
economics
Mirks labs is a British pharmaceutical company that currently enjoys a patent monopoly in Europe, Canada and the United States, on Zatab (pronounced zay-tab), an allergy medication. The global demand for Zatab is Qd = 15.0-0.2P Where Qd is annual quantity demanded (in millions...
economics
what is the shift in the demand or supply curve for: The development of the sugar beet as a major source of sugar has lowered land rents on islands producing sugar cane
11th grade economics
Since capital are means of production e.g. machinery, how does that relate to the reward being interest? Business owners borrow money and pay interest but how does capital goods reward interest to business owners?
11th grade economics
Why is it that the reward for capital is interest? I don't get how the business is rewarded interest, isn't it the banks?
economics
Calculate the mid-point elasticity of demand. Please review chapter 6 before taking this assignment. Question: The online bookseller wants to increase its total revenue by offering 10% discount on every book it sells.Its custmers are divided in 2 groups Group A and group B Vol...
economics
Calculate the mid-point elasticity of demand. Please review chapter 6 before taking this assignment. Question: The online bookseller wants to increase its total revenue by offering 10% discount on every book it sells.Its custmers are divided in 2 groups Group A and group B Vol...
Economics
As a manager of a financial planning business you have two financial planners, Phil and Francis. In an hour, Phil can produce either one financial statement or answer 8 phone calls, while Francis can either produce 4 financial statements or answer 10 phone calls. Does either p...
Managerial Economics
Can someone explain what is a cubic cost function? I'm taking a managerial economics course, but I've never taken any algebra or calculus; so I'm struggling. I'd like to grasp the purpose of what it is and then try to figure out how to do it. thanks!
Economics305
We make choices as consumers every day. Opportunity cost is defined as a person’s "next best alternative" or "the cost of what you give up when you make a choice." Think of a recent decision you made regarding your career. What was your opportunity cos...
Economics305
As a manager of a financial planning business you have two financial planners, Phil and Francis. In an hour, Phil can produce either one financial statement or answer 8 phone calls, while Francis can either produce 4 financial statements or answer 10 phone calls. Does either p...
economics
From Table 4-1 in the text, determine how much the demand for Florida Indian River oranges would change as a result of a10 percent increase in the price of Florida interior oranges, and vice versa.
Economics
This chart shows the components of nominal GDP for the years 2000 and 2001. All figures are in billions of current dollars. -------------------------------------------------------------------------------- Components 2000 2001 -------------------------------------...
economics
Suppose that the consumption function is C=100+.8(y-t). Initially investment and government expendtures are I=75 and G=150 and taxes are T=50. 1.Depict this economy using the keynesian cross. calulate the initial equilibrium income. how much will income increas if government e...
Economics
Help! I have an assignment and I lost my textbook. Does anyone have "Managerial Economics for a Global Economy" by D. Salvatore (6th Ed)? If so, I need the integrating problem #15 on page 32. All I know is it is something about Samantha and a pharmacy... see below ~~...
economics
A(n) ________-based ethics code defines corporate values; creates a supportive environment, and, stresses shared accountability among employees.
economics
what is the consumer surplus, producer surplus and deadweight loss if a monopolist has demand p=100-Q and Cost= 10Q Thanks xox
Microeconomics
If the equilibrium price of silver is 4 dollars an ounce, under conditions of perfect competition and the industry is in long run equilibrium, will the average total cost of silver be less, equal or exceed 4 dollars?
economics
1. Ned reads textbooks (y) and harlequin romance novels (x). He sends about $250 per quarter on books. His demand for textbooks can be written m 2py and his demand for harlequin romance novels is m 2px . (a) Textbooks cost $30 while romance novels cost $10. Draw a graph repre...
managerial economics
The total operating revenues of a public transportation authority are $100M while its total operatiing costs are $120M. The price per ride is $1, and the price elasticity of demand for transportation ia -0.4. The transportation authority has to eliminate its operating deficit....
Economics
True or False: If a model fits reality but doesn't generate testable predictions, it is of little value to economists.
Microeconomics
Explain how the supply of new housing interacts with shifts in the demand for owner-occupied housing in your neighbourhood or an area with which you are familiar. In what ways does the mechanism differ from that which exists normally in markets for consumer goods such as cloth...
Geography
Are these correct: Although Brazil is rich in natural resources, a. the government has done little to foster economics growth b. poverty is prevalent among its population c. the country has not yet begun to industrialize d. the location of these resources makes it almost impos...
Managerial Economics
Given the demand & supply Function for product 'x' at california university have been estimated as: Qd= 5000- 4 (price)+ 0.2 (pop) Qs=-300 +5 (price)+ 0.5 (wage rate) i) determine the equilibrium price & quantity of product X. ii) Derive the demande & supply curves if ...
microeconomics
Suppose a production possibilities frontier can be expressed as + = 9. The opportunity cost of going from 0 units of X to 1 unit of X is
Bussiness Economics
disadvantages of specialization and division of labour
Economics
advantages and disadvantages of allocating resources through the public sector
economics
Construct a production possibilities curve, be sure to properly label the axes.
Economics
Adam Smith's "invisible hand" refers to the role of A.the government B.customs and beliefs C. the market D. factors of production
Economics
4.20 Diamonds clearly satisfy less important needs than water, which is essential to life. Yet according to market prices, the essential commodity, water, is worth less than the less essential commodity, diamonds. Why would a vital com-modity such as water sell for so much les...
economics
are there hidden environmental and social costs
Class choices!!
What are macroeconomics and microeconomics and what is the difference between the two?! I am trying to decide which class to take.
social studies
I'm about to sign up for classes and am wondering...what are microeconomics and macroeconomics and what are the differences between the two?? THANKS!
12th grade economics
how might opportunity cost help to explain tha pattern of international trade?
Managerial Economics
In an article about the financial problems of USA Today, Newsweek reported that the paper was losing about $20 million a year. A Wall Street analyst said that the paper should raise its price from 50 cents to 75 cents, which he estimated would bring in an additional $65 milli...
economics
1. In an article about the financial problems of USA Today, Newsweek reported that the paper was losing about $20 million a year. A Wall Street analyst said that the paper should raise its price from 50 cents to 75 cents, which he estimated would bring in an additional $65 mi...
economics
how to make a questions for the chapters 12,13 and 18 .
economics banking
i am looking to find factors that determine bank reserve ratios. i am looking at the central bank's lending rate to commercial banks and commercial banks lending rates( maybe average ) to cosumers (depositors). if anyone could help me find a place where all those rates can...
Economics
Should a firm shut down its unprofitable operation. Firm uses 70,000 workers to produce 300,000 units of output per day. Daily wage is $100 p/worker dn price of firms output is $30. Other variable inputs is $500,000 p/day. Do not know the firms' fixed cost, but it is high ...
Economics
If demand is price elastic, total revenue is a.directly related to quantity demanded b.inversely related to quantity demanded c.directly related to price d.directly related to price and inversely related to quantity demanded e.not related to either price or to quantity demanded
Economics
Price elasticity is unit elastic at the midpoint of a linear, downward-sloping demand curve. a.True b.False
Economics
Suppose consumers spent $42 million on Christmas trees last year when the average tree cost $30 and this year spend $42 million when the average tree costs $25. Assuming nothing else changed, this data suggests that a. consumers bought the same number of Christmas trees this y...
Economics
The demand for Olin skis is likely to be? a. less elastic than the demand for skis in general b. more elastic than the demand for skis is general c. unit elastic relative to the demand for skis in general d. as elastic as the deman for skis in general e. greater than the deman...
Economics
If an increase in price from $1 to $2 per unit leads to an increase in quantity supplied from 20 to 100 units then the value of price elasticity of supply is. a. 0.38 b. 2 c. 2.67 d. 4 e. 8
Economics
If the demand curve shifts but supply curve doesn't & price remains the same supply must be perfectly inelastic? a. True b. False
economics
Wheat farmers in Kansas would benefit from a devastating crop failure in N.Dakota if the U.S.demand for wheat? is... a. inelastic b. elastic c. unit elastic d. downward sloping e. perfectly elastic
home economics
name two macronutrients and two micronutrients
microeconomics
In each of the following situations, explain how government intervention could improve society’s welfare by changing people’s incentives. In what sense is the market going wrong? (2-part answers) a. Pollution from auto emissions has reached unhealthy levels.
economics
According to the “guns and butter” example, if a country decides to spend more on military goods, which of the following will happen?
economics
the calculation of GDP would include?
Civics and economics
Is the Washington munument an example of an American institution?
Managerial Economics
Please check Here gasoline output is mesured in thousands of gallons, fiber output in the thousands of square feet, and crude oil in thousands of barrels. The product's profits per unit output are $.50 per gallon for gasoline and $.75 per square foot for fiber. The the res...
english
- Computers - English - Foreign Languages - Health - Home Economics - Math - Music - Physical Education - Science - Social Studies GRADE LEVELS - Preschool - Kindergarten - Elementary School - 1st Grade - 2nd Grade - 3rd Grade - 4th Grade - 5th Grade - 6th Grade - 7th Grade - ...
economics
a monopolist, has a total cost curve given by TC = 5Q + 15. He sets two prices for his product, a regular price, PH, and a discount price, PD. Everyone is eligible to purchase the product at PH. To be eligible to buy at PD, it is necessary to present a copy of the latest Vietn...
microeconomics
If all firms in an industry are price-takers, then ______.
home economics
how to do a time plan
12grade economics
suppose that your state raises its sales tax from 5 percent to 6 percent. the state revenue commissioner forecasts a 20 percent increase in sales tax revenue . is this plausible? explain.
home economics
explain the term energy balance
microeconomics 3
. As tradition has it, Santa Claus is coming on the 5th of December from Spain to the Netherlands to bring gifts to Dutch children. Help is needed to distribute the gifts for which the Santa Claus committee is hiring helpers, so-called Zwarte Pieten. There are two types of Zwa...
Statistics
QNT 561: I want the Statistics question problems for chapter 3 and chapter 5 from the book "Statistical techniques in business and Economics" by Lind, Marchel and Wathen. Can somebody give the questions? Thanks.
economics
As tradition has it, Santa Claus is coming on the 5th of December from Spain to the Netherlands to bring gifts to Dutch children. Help is needed to distribute the gifts for which the Santa Claus committee is hiring helpers, so-called Zwarte Pieten. There are two types of Zwart...
university-health economics
dear Ms.Sue ...yes i am new to the forum and i have no idea about how it works ..i hope u can help me .about how to put an answer i think supply and demand are the basic forces of the market,but in the health sector it is difficult to say that
university-health economics
It is estimated that people living in a city are hospitalized about 1.5 times as often as those living in the country side, yet their health outcome appears to be the same. Explain the reasons for this phenomenon.
university-health economics
Medical care is so special that normal economic forces do not apply and normal economic tools are not always used, explain the above statement.
university-health economics
Suppose hospital (A) has 500 patients/day and average cost of operation is $1500/day. Hospital (B) has 300 patients/day and average cost of $600/day. Hospital (C) has 100 patients/day and average cost of $600/day. What can you say about the most efficient size of hospital? Exp...
university-health economics
Given the following demand function for medical care: Q=100-5p Where: P = is the price of health service. Q = quantity demanded. What is the quantity demanded at p = 5. Draw the demand curve for medical care. Suppose the price rise to (6), calculate the change in consumer surp...
Managerial Economics
A CA resort offers year-round activities and the resort's operating costs are essentially the same in winter and summer. Mgmt charges higher nightly rates in the winter, when its average occupancy rate is 75%, than in the summer, when its occupancy rate is 85%. My questio...
Managerial Economics
A CA resort offers year-round activities and the resort's operating costs are essentially the same in winter and summer. Mgmt charges higher nightly rates in the winter, when its average occupancy rate is 75%, than in the summer, when its occupancy rate is 85%. My question...
managerial economics
Suppose a manufacturer estimates its marginal cost at $1.00 per pack, it's own price elasticity at -2, and sets its price at $2.The company's settlement obligations are expected to raise its average total cost per pack by pack by about $.60. What effect will this have ...
macroeconomics
(Import Substitution Versus Export Promotion) Explain why domestic producers who supply a good that competes with imports would prefer an import-substitution approach to trade policy rather than an export- promotion approach. Which policy would domestic consumers prefer and why?
Macroeconomics
Discuss the differences between a flexible exchange rate and a fixed exchange rate. What measures can the government take to maintain fixed exchange rates?
Managerial Economics
As a VP of sales for a rapidly growing company, you are grappling with the question of expanding the size of your direct sales force (from its current level of 60 national salespeople). You are considering hiring from 5 to 10 additional personnel. How would you estimate the ad...
Managerial Economics (bobpursely please help)
As a VP of sales for a rapidly growing company, you are grappling wirh the question of expanding the size of your direct sales force (from its current level of 60 national salespeople). You are considering hiring from 5 to 10 additional personnel. How would you estimate the ad...
Managerial Economics
As a VP of sales for a rapidly growing company, you are grappling wirh the question of expanding the size of your direct sales force (from its current level of 60 national salespeople). You are considering hiring from 5 to 10 additional personnel. How would you estimate the ad...
Managerial Economics
As a VP of sales for a rapidly growing company, you are grappling wirh the question of expanding the size of your direct sales force (from its current level of 60 national salespeople). You are considering hiring from 5 to 10 additional personnel. How would you estimate the ad...
Managerial Economics
A television station is considering the sale of promotional DVDs. It can have the DVDs produced by one of two suppliers. Supplier A will charge the station a set-up fee of $1200 plus $2 for each DVD; supplier B has no set-up fee and will charge $4 per DVD. The station estimate...
Managerial Economics
(Economyst only Please): As a VP of sales for a rapidly growing company, you are grappling wirh the question of expanding the size of your direct sales force (from its current level of 60 national salespeople). You are considering hiring from 5 to 10 additional personnel. How ...
Managerial Economics
(Economyst Only Please): A television station is considering the sale of promotional DVDs. It can have the DVDs produced by one of two suppliers. Supplier A will charge the station a set-up fee of $1200 plus $2 for each DVD; supplier B has no set-up fee and will charge $4 per ...
home economics
what is obesity
economics
why might one person work more, earn more, and pay more income tax when his or her tax rate is cut, while another person will work less earn less, and pay less income taxes under the same circumstances
Managerial Economics
From Table 4-1 in the text, determine by how much the demand for Florida Indian River oranges would change as a result of a 10 percent increase in the price of Florida interior oranges, and vice versa. Table 4-1: Type of Orange Florida Indian River Florida Interior Florida Ind...
Macroeconomics - Investment Tax Credit
Assume that some large foreign countries decide to subsidize investment by instituting an investment tax credit. Then the home country's real exchange rate will fall and its net exports will rise. I completely don't understand the above statement because I don't kn...
Macroeconomics - NX & Tax
In a small open economy, if the government adopts a policy that lowers imports, then that policy raises the real exchange rate and does not change net exports. I don't get the above statement. From my understanding, lower imports means higher net exports from NX = Exports ...
Macroeconomics - SOE
Statement: The lower our real exchange rate is, the less expensive domestic goods are relative to foreign goods, and the greater the demand is for next exports. I don't get the above statement, please look below to see if there is fault in my reasoning and explain why it i...
macroeconomics
The initial Phillips curve relationship implied that the opportunity cost of __________ __________ was higher __________. If high unemployment lasts a long time, it could cause potential real GDP to fall. (true or false)
macroeconomics
Most economists believe that the better fiat money serves as a store of value, the more acceptable it is. What does this statement mean? How could people lose faith in money?
macroeconomics
a. If the face value of a coin exceeds the cost of coinage, the resulting revenue to the issuer of the coin is known as _________________. b. A product that serves both as money and as a commodity is ________________. c. Coins and paper money circulating in the United States h...
macroeconomics
The federal budget passed by Congress and signed by the president shows the relationship between budgeted expenditures and projected revenues. Why does the budget require a forecast of the economy? Under what circumstances would actual government spending and tax revenue fail ...
macroeconomics
Increased government purchases, with taxes held constant, can eliminate a contractionary gap. How could a tax cut achieve the same result? Would the tax cut have to be larger than the increase in government purchases? Why or why not?
economics
testing procedures required by the US Food and Drug Administration raise the cost and price of drugs. Should we eliminate such requirements in order to ease inflationary pressures
economics
The Fed should simply increase the money supply at the same rate that the full employment economy grows, and the government should desist from any stabilizing urges." What school of thought would make this suggestion, and how do economists of that school justify that pres...
o level economics
We were asked to come up with a list of needs for ourselves, for our grandparents and for people our age in another continent. For my grandparents I have shelter from the war, warm blankets for winter. For someone my age in Africa I have money for school uniform and school fee...
Managerial Economics
Dell Computer Corp, the world's largest personal-computer maker, is keenly aware of everything its rival PC manufacturers decide to do. Explain why dell usually reacts more quickly and more substantially to pricing, product design and advertising decisions made by Hewlette...
Microeconomics - Pareto Efficient
Are all markets with deadweight loss pareto inefficient (including quotas, rent control, taxes, tarriffs, monopoly (unless there is price discrimination), oligopoly cournot model, oligopoly bertrand model and oligopoly stackleberg model)? Am I right? I think that pareto effici...
Microeconomics - Normative Statements
Did I explain how normative statements are resolved and the differences between pareto and cost benefit analysis? To resolve normative statements when comparing social states, pareto or cost benefit analysis takes place. Pareto criterion can make social states either all bette...
macroeconomics
If the operators of the golf course revised their revenue estimates so that each cart is expected to earn $100 less, how many carts would they buy at an interest rate of 8 percent? How many would they buy if the interest rate is 3 percent?
macroeconomics
Real Disposable Consumption Income (billions) Expenditures (billions) Saving (billions) $100 $150 ______ 200 200 ______ 300 250 ______ 400 300 ______
Macroeconomics
Assume the simple spending multiplier equals 10. Determine the size and direction of any changes in the aggregate expenditure line, real GDP demanded, and the aggregate demand curve for each of the following changes in spending: a. Spending rises by $8 billion at each income l...
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