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Homework Help: Social Studies: Economics

Recent Homework Questions About Economics

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economics
If a farmer purchases a new tractor,is it included in the calculating of the GDP?
Sunday, February 26, 2012 at 10:06am

English
Does geography/history/economics/politics play a role in your understanding of the theme of the book "The namesake"? If so, how?
Saturday, February 25, 2012 at 9:48pm

Economics
Can you tell me please if my answer is right to the following question? The question: present Adam Smith's theory of value and limitations. 1. Labor cost: he supported that everyone must produce his own goods using own labor and exchange the surplus with other goods. In ...
Saturday, February 25, 2012 at 3:12pm

Economics
adam smith supported three different views of theory of value (are the followings correct, i will add them to my essay) 1. Labor cost: he supported that everyone must produce his own goods using own labor and exchange the surplus with other goods. In this model of society no ...
Saturday, February 25, 2012 at 2:11pm

Economics
If all company in a certain industry are earning economic profits now, in long run what will happen?
Saturday, February 25, 2012 at 2:29am

Economics
B. Suppose there are two goods, Cloth and Food, and two factors of production, labour and capital. Suppose that the production function for each good is "homothetic". Put capital K in the vertical axis and labour L in the horizontal axis. For Cloth production, for ...
Thursday, February 23, 2012 at 4:15pm

economics
Complete the following table for the firm below which is selling its product in a perfectly competitive market and hiring labor in a perfectly competitive labor market. MARGINAL WORKERS TOTAL MARGINAL PRODUCT REVENUE HIRED PRODUCT PRODUCT PRICE PRODUCT 1 12 ______ $10 ______ 2...
Wednesday, February 22, 2012 at 11:22pm

ECONOMICS
Grocery stores and gasoline stations in a large city would appear to be examples of competitive markets: There are numerous relatively small sellers, each seller is a price-taker, and the products are quite similar. a. How could we argue that these markets are not competitive?
Wednesday, February 22, 2012 at 9:45am

Economics
Consider an economy with the following aggregate demand(AD) and aggregate supply(AS) schedules. These schedules reflect the fact that, prior to the period we're examining, decisions makers entered into contracts and made choices anticipating that the price level would be ...
Wednesday, February 22, 2012 at 1:16am

Economics
Consider an economy with the following aggregate demand(AD) and aggregate supply(AS) schedules. These schedules reflect the fact that, prior to the period we're examining, decisions makers entered into contracts and made choices anticipating that the price level would be ...
Wednesday, February 22, 2012 at 1:15am

economics
An article in Business Week warned of the dangers of deflation as the collapse of numerous Asian economies was creating worries that Asia might try to “ export its way out of trouble” by oversupplying everything from automobiles to semiconductors. Evidence that ...
Tuesday, February 21, 2012 at 6:05pm

math
Business and Economics: For a business to make a profit it is clear that revenue R must be greater than cost C; in short, a profit will result only if R>C. if a company manufactures records and its cost equation for a week is C = 300 + 1.5x and its revenue equation is R = ...
Tuesday, February 21, 2012 at 1:26pm

Economics
3.The Theory of the Firm document, the Friedman article, and the information in chapter 4 argue that the main goal of a firm in a market economy is to maximize profit (shareholder wealth) over the long term. However, SEC regulations require U.S. corporations to publish ...
Monday, February 20, 2012 at 8:50pm

managerial economics
Exercise 1 The marketing manager has estimated the company’s demand curve with the equation P=3000 – 40Q. To develop a deeper understanding of pricing and quantity to be produced, complete the following analyses: 1. Draw the demand curve (use a range of Q values from...
Monday, February 20, 2012 at 5:49pm

economics
what is the relationship between investment and interest rates
Monday, February 20, 2012 at 4:08am

Economics
Wilpen Company, a price- setting firm, produces nearly 80 percent of all tennis balls purchased in the United States. Wilpen estimates the U. S. demand for its tennis balls by using the following linear specification: where Q is the number of cans of tennis balls sold ...
Sunday, February 19, 2012 at 11:10pm

Economics
Grocery stores and gasoline stations in a large city would appear to be examples of competitive markets: There are numerous relatively small sellers, each seller is a price taker, and the products are quite similar. a. How could we argue that these markets are not competitive...
Sunday, February 19, 2012 at 1:56pm

History
(So, I have to agree or disagree with regards to the statement provided.. please comment on how I can make my answer better) Confirming Max Weber’s thoughts on the dynamics between religion, economics, and culture--Protestantism and urbanization had a mutual reinforcing ...
Sunday, February 19, 2012 at 11:24am

Economics
what are some economic problems with welfare?
Sunday, February 19, 2012 at 11:24am

history
Can anyone explain to me how Max Weber’s thoughts on the dynamics between religion, economics, and culture can be related to Protestantism and urbanization in Western Europe? I know that according to Max Weber--religion, economics, and culture are intertwined with each ...
Sunday, February 19, 2012 at 10:53am

help
Human Race A. Philosophy B. Sociology C. Humanities D. Economics d
Saturday, February 18, 2012 at 9:41pm

Economics
what is a good economic problem with welfare? I searched a lot, but i can't find anything.
Saturday, February 18, 2012 at 8:41pm

Economics
what is an economic problem with welfare in canada and how can it be solved? I basically need a thesis.
Saturday, February 18, 2012 at 8:23pm

Economics
Suppose George is making $18 an hour installing electronic chips in hand held computers. Would you offer to work for $8 an hour to get you the job? Why might a profit-maximizing employer turn down you offer?
Saturday, February 18, 2012 at 6:45pm

economics
Bubba's Burgers sells hamburgers in a perfectly competitive market at a price of $1.50 each. At the profit-maximizing (cost-minimizing) level of output, average total cost is $1.90 per hamburger and average variable cost is $1.75 per hamburger. Should the firm continue to ...
Saturday, February 18, 2012 at 5:32pm

economics
Before the merger, each of the separate newspapers was losing about 10 million per year. What forecast would you make for the merged firms profits? Explain. b. Before the merger, each newspaper cut advertising rates substantially. What explanation might there be for such a ...
Thursday, February 16, 2012 at 4:27pm

home economics
What is disposal of fullness
Wednesday, February 15, 2012 at 7:55am

economics
Suppose that the company Mama's Pies adds another store to sell its pastries. Supposed that it costs $400,000 to build the new store and assume that the new store will generate revenues of $450,000. What is the rate of return on this investment?
Tuesday, February 14, 2012 at 7:07pm

Economics
If the federal government enacts a tax on a monopoly, how would you expect the additional tax to affect the following: 1. Output produced by the monopoly 2. Prices charged by the monopoly 3. Profits of the monopoly
Tuesday, February 14, 2012 at 3:10am

Economics
-The "Baby Boomers" are in their retirement age. What affect might this have on the productive capacity of a country's labor force? -How does consumer demand and the price mechanism influences demand in the factor market?
Monday, February 13, 2012 at 11:56pm

hsitory
Which of the following is the study of governmental institutions and processes? A. geography B. political science C. sociology D. economics
Monday, February 13, 2012 at 10:43pm

economics
For the total variable cost (TVC), draw a positive total fixed cost (TFC) and total cost (TC) curves. Then derive the associated marginal cost (MC), average total cost (ATC), average variable (AVC) and average fixed cost (AFC) curves. Be sure to capture and explain the ...
Sunday, February 12, 2012 at 5:43pm

Economics
Please check my work! Thanks! 1. The employees of Abs “R” Us, which includes 12 fitness parlors in and around the metro area, feel they can improve the performance of the company. They decide to pool their resources to purchase the company. This would be called a ...
Sunday, February 12, 2012 at 1:11pm

Economics
The service of mechanic in fixing the radiator of his car.ist excluded or included gross domestic product and how?
Saturday, February 11, 2012 at 9:59am

economics
Suppose that the resident of vegopia spend all of their income on cauliflower,broccoli and carrots.in 2006 they buy 100 heads of cauliflower for $200,50 bunches of broccoli for $75 and 500 carrots for $50.in 2007 they buy 75 heads of cauliflower for $225,80 bunches of broccoli...
Saturday, February 11, 2012 at 12:21am

economics
Suppose that there are three beachfront parcels of land available for sale in Asilomar and six people who would each like to purchase one parcel. Assume that the parcels are essentially identical and that the minimum selling price of each is $600,000. The table below reflects ...
Friday, February 10, 2012 at 3:18pm

economics
Suppose that there are three beachfront parcels of land available for sale in Asilomar and six people who would each like to purchase one parcel. Assume that the parcels are essentially identical and that the minimum selling price of each is $600,000. The table below reflects ...
Thursday, February 9, 2012 at 1:45pm

Economics
-> In some countries, the role of women is not regarded in the same way as a man. How might this effect production in the country and the consequent effect on standard of living? -> The run up to the 2004 election saw the Liberal Coalition stress its economic management...
Thursday, February 9, 2012 at 7:02am

About Economics
-> In some countries, the role of women is not regarded in the same way as a man. How might this effect production in the country and the consequent effect on standard of living? -> The run up to the 2004 election saw the Liberal Coalition stress its economic management...
Thursday, February 9, 2012 at 12:39am

Economics
If someone said "My personal economic theory is live below my means..." what does this mean and what implications does this have for that person's economic future?
Wednesday, February 8, 2012 at 6:29am

History
What caused Republicans to abandon their defense of black rights? Discuss economics as well as political reasoons.
Tuesday, February 7, 2012 at 9:44pm

economics
what is the theory of inflation
Tuesday, February 7, 2012 at 10:28am

economics
A prolonged economic contraction is called ?
Wednesday, February 1, 2012 at 2:52pm

economics
How do economists determine the real GDP per capita?
Wednesday, February 1, 2012 at 2:48pm

economics
Which banking service provides easy access to money, monthly statements, easier bill payment, and more security than carrying cash?
Wednesday, February 1, 2012 at 12:28pm

economics
Which banking service provides easy access to money, monthly statements, easier bill payment, and more security than carrying cash?
Wednesday, February 1, 2012 at 12:25pm

economics
Picabo borrows $1,000. To repay the amount she makes 12 equal monthly payments of $90.30. Determine the following: (a) The effective monthly interest rate (b) The nominal annual interest rate (c) The effective annual interest rate
Wednesday, February 1, 2012 at 12:30am

economics
i need to write an editioral in a newsletter format regarding the rights and responsibilites of us citzens- i don't know how are where to start
Tuesday, January 31, 2012 at 11:15pm

economics
Which of the following is a FALSE statement? A. Changes in the price of inputs can cause a shift in supply. B. If the price of other goods change, it can cause a shift in supply. C. Government involvement in the economy will not cause a shift in supply. D. Certain advancements...
Tuesday, January 31, 2012 at 5:57pm

economics
What is the main difference between macroeconomics and microeconomics?
Tuesday, January 31, 2012 at 5:51pm

home economics
Suppose the City of Klamath is considering plans to build a dam on the Klamath River. There are currently social benefits to the recreational fishermen who use the river to catch salmon. The dam would be source of revenue, as it would create hydroelectric power that the ...
Monday, January 30, 2012 at 8:43pm

business managment
1. In a _______, consumers ultimately decide what should be produced. A. macroeconomic system C. free market system B. socialist economy D. command economy 2. Efficiency can best be defined as A. the amount of output generated in a given amount of time. B. producing items ...
Monday, January 30, 2012 at 4:22pm

Business management class
here is all my questions with answers.. just to double check my work.. Sue can u please check!! thanks u for all the help!! 1. In a _______, consumers ultimately decide what should be produced. A. macroeconomic system C. free market system B. socialist economy D. command ...
Monday, January 30, 2012 at 12:23pm

Economics
One year ago, you bought a bond for $10,000.00. You received interest of $400.00 at the end of the year, as well as your $10,000.00 principal. If the inflation rate over the last year was five percent, calculate the real return. Show your work.
Saturday, January 28, 2012 at 4:55pm

Managerial Economics
The demand function for a cola-type soft drink in general is Q = 20-2P, where Q stands for quantity and P stands for price. At which price would a change in price and quantity result in approximately no change in total revenue? Why?
Saturday, January 28, 2012 at 4:19pm

economics
An economist for a bicycle company predicts that, other things equal, a rise in consumer incomes will increase the demand for bicycles. This prediction is based on the assumption that:
Friday, January 27, 2012 at 11:10am

economics
Suppose that the free market labour supply and labour demand equations are given by Qs = 5W and Qd = 30 - 5W. If the minimum wage were set at $2.50 an hour, how many people would not be able to find work?
Friday, January 27, 2012 at 11:09am

Economics
What is labour?
Wednesday, January 25, 2012 at 10:42am

Economics
2. Explain how an economist could use the slope of the yield curve to analyze the probability that a recession will occur and why the spread may matter
Tuesday, January 24, 2012 at 10:41am

Business
Learning economics is like having you own crystal ball. The more you understand it as a social science, the more you understand how our economy and political system works. I say like a crystal ball, because you will be able to see things that other people without the same ...
Monday, January 23, 2012 at 1:18pm

Economics
21. The EU is an example of a trading bloc, or _______, that has a common external tariff and no internal tariffs, and that coordinates laws to facilitate trade between member countries. A. strategic alliance B. joint venture C. common market D. multinational export assistance...
Monday, January 23, 2012 at 12:50pm

Economics
11. Often, the _______ the risk, the _______ the rewards. A. higher; higher C. higher; lower B. lower; higher D. faster; quicker 12. When the government of Indonesia imposes a tax on imported electronics products to help its young electronics industry compete in the global ...
Monday, January 23, 2012 at 12:47pm

Economics
6. The idea that countries should produce and sell goods that they produce most effectively and efficiently, and buy goods that other countries produce most effectively and efficiently, is known as A. absolute advantage theory. C. efficiency balanced trade. B. free trade. D. ...
Monday, January 23, 2012 at 11:37am

economics
label a point f inside the curve. why is this an inefficient point? label a point g outside the curve. why is this point unattainable? why are pointS A THROUGH E ALL EFFICIENT POINTS?
Sunday, January 22, 2012 at 2:32pm

economics
label a point f inside the curve. why is this an inefficient point? label a point g outside the curve. why is this point unattainable? why are pointS A THROUGH E ALL EDDICIENT POINTS?
Sunday, January 22, 2012 at 2:24pm

Literacy
_______ is the study of how to increase resources and create conditions that will make better use of resources. A. Resource development C. Macroeconomics B. Economics D. Microeconomics my answer is A
Saturday, January 21, 2012 at 11:55pm

Research paper(economics)
how many Parks and Resorts does Disney have? It's for an economic projects. thank you
Saturday, January 21, 2012 at 5:29pm

Research paper(economics)
How do you find how Ebay is doing economically, like an economic overview.
Saturday, January 21, 2012 at 4:17pm

Economics
1. A firm in a perfectly competitive market invents a new method of production that lowers its marginal costs. What happens to its output? What happens to the price it charges? a. The firm has an employee who threatens to tell all other firms in the industry about how to ...
Saturday, January 21, 2012 at 3:12am

economics
Which of the following is not an economic right or responsibility? Question 8 options: a.deciding where to live b. choosing an occupation c. paying taxes d. being happy
Friday, January 20, 2012 at 7:41pm

economics
While shopping you discover that your favorite department store has lowered the price on a hot, new MP3 player that you wanted to buy. You rush into the store, only to find that they are sold out. This scenario illustrates the concept of a) scarcity b) shortage Im confused !
Friday, January 20, 2012 at 7:40pm

economics
I'm doing a research about Ebay, We need: Brief history,Products and Economic overview. I did the history part but can't seem to find enough information about the latter two. Can someone help me? sources would be helpful
Tuesday, January 17, 2012 at 9:06pm

economics
I'm doing a research about Ebay, We need: Brief history,Products and Economic overview. I did the history part but can't seem to find enough information about the latter two. Can someone help me? sources would be helpful
Tuesday, January 17, 2012 at 9:06pm

Economics
4. Which of the following statements are positive in nature and which are normative? a. A tax cut will raise interest rates. I think it is Normative Economics
Tuesday, January 17, 2012 at 2:25am

Economics
Divide 825,000 by 40 million then round the answer to four (4) decimal places
Monday, January 16, 2012 at 7:28pm

Economics
In 2008 output for the country of OZ was 12,000 tons of potatoes and the total labor force 1,100 workers. In 2009 output for the country of OZ was 14,300 tons of potatoes and the total labor force 1,150 workers. b. The growth rate of average labor productivity between 2008 and...
Monday, January 16, 2012 at 12:20am

Agricultural economics
Would you characterize the market for food items in the US as purely competitive, monopolistic or oligopolistic?
Saturday, January 14, 2012 at 6:17pm

Economics
There are two groups of individuals of equal size, each with a utility function given by U(M) = sq. root(M), where M = 100 is the initial wealth level for every individual. Each member of group 1 faces a loss of 36 with probability 0.5. Each member of group 2 faces the same ...
Wednesday, January 11, 2012 at 4:18pm

Economics
How does the federal government implement its fiscal policies? Given economic conditions today, do you suggest expansionary fiscal policy or contractionary fiscal policy? How would your suggestions affect production and employment? Why? Hint: Don't confuse Fiscal with ...
Tuesday, January 10, 2012 at 4:39pm

economics
When an economist says that a currency has become stronger, he or she means that a) it will buy less of foreign goods. b)it can be exchanged for more of a foreign currency. c)services, unlike goods, can be exported freely. d)there are very few things that the currency cannot ...
Monday, January 9, 2012 at 10:22pm

Home- Economics
What are names of careers in home management?
Thursday, January 5, 2012 at 7:20pm

home economics
What are names of 10 careers in home economics management?
Thursday, January 5, 2012 at 4:14pm

economics
wireless high speed internet is provided for free in the airport of the city of communityville a)At first, only a few people use the service. What type a good is this and why? b) Eventually, as more find out about the service and start using it, the spend of a connection ...
Thursday, January 5, 2012 at 12:29pm

Economics (inflation)
Hello! Could someone please check my answers for the first 2 problems and help me out with the 3rd? Thanks! 1. If the CPI in 1863 was 9 and the CPI in 2000 was 171.9, how much has inflation increased (%) since 1863? I used the inflation rate equation and got a 1898.89% ...
Wednesday, January 4, 2012 at 5:04pm

economics
an example of a durable good would be
Tuesday, December 27, 2011 at 8:19pm

Economics
What is the maximum amount it would be worth to shareholders to elicit high CEO effort all the time rather low CEO effort all the time?
Saturday, December 17, 2011 at 9:18pm

economics
Write a 300 - 400 word essay explaining the advantages and disadvantages of international trade. Some possible areas to use are comparative advantage, gains from trade, and trade restrictions. Explain three advantages of international trade and explain three disadvantages of ...
Thursday, December 15, 2011 at 3:28pm

Economics
what is an economist view on this statement "It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest."
Tuesday, December 13, 2011 at 1:40pm

economics
I need help to put in Excel Sherwin -Williams exercise
Sunday, December 11, 2011 at 9:58pm

economics
The following are hypothetical exchange rates: 2 euros = 1 pound; $1 = 2 pounds. We can conclude that
Friday, December 9, 2011 at 6:31pm

Economics
i have to write a 5 page economics research paper about 3-4 economists and entrepreneurs. I was thinking about writing about Bill Gate (the obvious) Oprah (another obvious) and Steve Jobs. I have to give biographical information about each, and discuss the contributions of ...
Thursday, December 8, 2011 at 10:48pm

socials
ms. sue i have to make my own canadian version of the song " We did n 't start the fire" i have to have four decades 40-50's 60's 70's and 80-90's. I have to have 10 entries for each decade, and have to give explanation for one the entries from ...
Thursday, December 8, 2011 at 9:28pm

Economics
1. Using AD/AS, describe the short-run and long-run effects of an increase in the money supply on the equilibrium level of production and the price level. Be sure to explain what happens to Total Expenditures (using the 3 effects of spending changes as a result of changes in ...
Wednesday, December 7, 2011 at 12:00am

Economics
A monopolist is currently producing a level of output where Price = $110; Marginal Revenue = $10; Quantity = 100; Total Cost = $15,000; Marginal Cost = $10; Total Fixed Cost = $4,000. 1. To maximize profits in the short-run, the monopolist should: (a) Increase output (b) ...
Sunday, December 4, 2011 at 10:46pm

Economics
If the government announced the economy is headed into an expansionary period of rising real GDP and prices, businesses would most likely respond by: a. lowering wages so that they could afford to hire more workers b. dismantling some of existing production facilities c. ...
Sunday, December 4, 2011 at 9:26pm

Economics
Do you feel there are any imbalances to our wage structure in our economy? why? give an example
Sunday, December 4, 2011 at 9:05pm

Economics
A monopolist is currently producing a level of output where Price = $110; Marginal Revenue = $10; Quantity = 100; Total Cost = $15,000; Marginal Cost = $10; Total Fixed Cost = $4,000. 1. To maximize profits in the short-run, the monopolist should: (a) Increase output (b) ...
Sunday, December 4, 2011 at 4:15pm

economics
The current term-structure of spot interest rates for safe zero-coupon bonds is as follows: Maturity, in years Interest rate(r) 1 8% 2 10% 3 11% 4 12% 5 13% There is a safe bond B which has 4 years before maturity and pays a coupon of 12% at regular annual intervals and a face...
Sunday, December 4, 2011 at 7:25am

Economics
A monopolist is in long-run equilibrium and earning economic profits equal $100 million. The government imposes a lump sum tax of $100 million on the monopolist. (A limp sum tax is a tax the monopolist must pay regardless of its level of output) Will this tax: a) cause the ...
Saturday, December 3, 2011 at 9:26pm

economics
5.How would you decide what was the best level of emission reduction
Saturday, December 3, 2011 at 5:14pm

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