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Homework Help: Social Studies: Economics

Recent Homework Questions About Economics

Economics
The country of New Zealand decides to take 50% of its nation’s lottery money and use it to buy 1,000 acres of common grazing land in every county upon which any New Zealand shepherd may graze their sheepfor free, no strings attached. Based upon what you have learned in this ...

Economics
2. If a firm increases all of its inputs by 60 percent and its output increases by 90 percent, then you know that: A) it is encountering diseconomies of scale. B) it is encountering economies of scale. C) it is encountering constant returns to scale. D) the marginal products ...

Economics
Suppose that a tour bus business incurred implicit costs of $600,000 and explicit costs of $7 million in a specific year. If the firm sold 125,000 tours at $60 per person, its accounting: A) profits were $100,000 and its economic profits were $500,000. B) losses were $100,000 ...

Economics
How does the market price of a good in a monopoly market compare with the market price of the same good in a perfectly competitive market? A. The price is higher. B. The price is lower. C. The prices cannot be compared. D. The prices are the same.

economics
what is producer surplus? “The more the competition among the sellers, the less the producer surplus enjoyed by the producers” – do you agree with the statement. Justify your answer. Suppose, a producer is willing to sell 50Kg potato at price Tk.18/Kg. If the market ...

economics
Why does PPF become a straight line? When it becomes a curve? When the PPF shifts parallelly? When it shifts clockwise or anti-clockwise?

economics
With a fixed amount of resources, 20 units of computers or 30 units of food can be produced. Also, the combinations of computer and food can be produced. Combinations are 25 units of food and 4 units of computers, 20 units of food and 7 units of computers, 15 units of food and...

Economics
-If you had $1000, which interest rate (4% or 1%) would encourage you to save your money in a bank rather than spend it? Why?

Economics
Suppose the RRR is .5. A $500 cash deposit in a bank would increase the money supply by $__________. A) 100 B) 500 C) 1000 D) 5000

Economics
1. An economy's production possibilities frontier is also its consumption possibilities frontier. a. under all circumstances b. under no circumstances c. when the economy is self-sufficient d. when the rate of tradeoff between the two goods being produced is constant 2. The ...

economics
main characteristics of the market system

Economics
Suppose the U.S government decides that the incomes of dairy farmers should be maintained at a level that allows the traditional family dairy farm to survive. It therefore implements a price floor of $1 per pint by buying surplus milk until the market price is $1 per pint. Use...

economics
You have been hired by a local used car dealer to help in their pricing of used cars. (Hey, it’s temporary thing, just to help you earn some extra cash.) They want to know whether the prices of the cars they sell are more influenced by the age of the car or by the mileage on...

home economics
definition of clothing and textiles

Economics
To improve its standard of living, a nation’s economy must A. remain stable. B. grow through innovation. C. reach economic equity. D. allow the central government to make economic decisions. Reset Selection

home economics
what does applique and embroiderymean ?

Health economics
Suppose you are to specify a short-run total variable cost function for a nursing home. Explain the variables you would include in the function. What is the expected relation between a change in each of these variables and short-run total variable costs?

Economics
3. Suppose a firm has a constant marginal cost of $10. The current price of the product is $25, and at that price, it is estimated that the price elasticity of demand is -3.0. a. Is the charging the optimal price for the product? Demonstrate how you know. b. Should the price ...

economics
Say your parents give you a car for your birthday. It is not the new model you wanted, but it's in very good condition. They bought it used for $15,000 (market value). The cost of keeping the car to you is (not counting maintenance and operation cost) is:

economics
Say your parents give you a car for your birthday. It is not the new model you wanted, but it's in very good condition. They bought it used for $15,000 (market value). The cost of keeping the car to you is (not counting maintenance and operation cost) is:

Economics
1. Given each of the following price elasticities, determine whether marginal revenue is positive, negative, or zero. a. -5 b. -1 c. -0.5

Economics
Using the concept of opportunity cost, explain why in developed countries with higher average incomes there is more support for costly environmental controls (which raise goods on goods) than in poorer countries.

Economics
In a simple world where resources are abundant a production possibilities frontier between two goods may be a striaght line. In a more developed and populated world it is to bow outward. Explain why.

Social Studies
What is a specific problem facing the United States Congress? Where would I be able to find articles / information about problems in education or economics?

Home Economics
Please help me with this project. Notes on Print and Calico Patch. I need information on each of them.

Economics
write a paper explaining issues that bring concern to pricing your services and products. What ethical challenges will you face in hiring non CPA's What standards apply.

college economics
how to weigh marginal cost and marginal benefits when using examples of recent decisions in your life.

Economics
I know that Market Failure occurs when markets lead to inefficiency. But what are the reasons that cause Market Failure? please explain in detail.

Economics
Brian is taking three courses this semester: economics, statistics, and finance. He has decided to spend 19 hours per week studying (in addition to attending all his classes) and his objective is to maximize his average grade, which means maximizing the total of his grades in ...

economics
what are some mesoeconomics variables/indicators

Economics
. Suppose the demand curve for a monopolist is QD =500 - P, and the marginal revenue function is MR =500 – 2Q. The monopolist has a constant marginal and average total cost of $50 per unit. a. Find the monopolist’s profit – maximizing output and price. b. Calculate the ...

General Economics
• Businesses often decide between using automation and labor in production. An automotive environment may have high fixed costs and low variable costs, and an industry that utilizes manual labor for production will have low fixed costs and high variable costs. How would you ...

home economics
As part of the nation’s recovery from the Great Depression of the 1930s, the banking system was reformed in which of the following ways? A. The government paid off loans for large corporations. B. The Federal Reserve Banks were closed. C. Banks were deregulated by the ...

Economics
Classical macroeconomics theory concludes that ultimately A. Fiscal policy generates only quantity effects B. erratic investment causes long business cycles C. Functional finance cures excessive budget deficits D. Natural state of the economy is at full employment

Economics
An increase in the amount of money circulating in the econmomy, ceterics pair bus will result in which of the following A. Demand side inflation B. supply side deflation C. Supply side inflation D. Demand side deflation

Economics
According to the aggregate expenditure function, as the price level decreases, it is reasonable to expect that A the automonos and induced expenditures increase B only the autonomous expenditures increase C only hie induced expenditures decrese C. The autonomous and induced ...

Economics
A portfolio manager needs to pick winners - assets or securities with high expected returns and low risk. What is wrong with this statement?

Home economics
I need help on a hw question. Can a company bill you if you just give them your billing address or do they need a credit card number(or some type of payment)

Economics
Find the future value one year from now of a $7,000 investment at a 3% annual compound interest rate. Also calculate the future value if the investment is made for 2 yeaars?

economics
Suppose that when a firm increases output by 20%, long-run total cost increases by 50%. The firm will experience

Economics
Suppose; C = 500 + 0.80(Y – 400) I = 400 G = 400 (X – M) = -100 Solve for income or GDP

Economics
Hey I've just had a mind blank. What is the term for when a business has outgrown its limits and is starting to perform badly? Thanks for the help

Economics
Market analysts often use cross-price elasticities to determine a measure of the “competitiveness” of a particular good in a market. How might cross-price elasticities be used in this manner? What would you expect the cross-price elasticity coefficient to be if the market ...

Economics
Indicate how an understanding of demand and of elasticity of demand is useful in analysing the following statement. “If total consumer expenditure remains the same after a new tax is imposed on cigarettes then spending on cigarettes will decrease and spending on other goods ...

economics
what effects does inflation have on an employed person, unemployed person and pensioner

economics
How would a fall in U.S. interest rates affect Canadian investment, saving, net foreign investment, and the Canadian real exchange rate

Macro economics
How would a fall in U.S. interest rates affect Canadian investment, saving, net foreign investment, and the Canadian real exchange rate

Macro economics
Explain the difference between the real exchange rate and the nominal exchange rate

economics
It is often suggested that the Bank of Canada try to reduce the inflation rate to zero. If we assume that velocity is constant, does this zero-inflation goal require that the rate of money growth equal zero? If yes, explain why. If no, explain what the rate of money growth ...

Macro economics
Paper currency is the most easily recognized form of money. How well does paper currency serve the functions of money if we have an inflation rate of 50-percent per year? b) Gold is also recognized as a form of money. How well does gold serve the functions of money if we have ...

economics
If the chartered banks decide to maintain an average reserve ratio of zero, what would be the size of money multiplier

economics
What are the two problems facing the Bank of Canada in trying to control the money supply precisely

Macro economics
If Coke sells for $1.20 Canadian and for .75 pounds in the U.K., determine what the exchange rate should be if purchasing power parity hold

economics
If there was no item in the economy widely accepted in return for goods and services, how would transactions be made? How efficient would such a system be

economics
for a charity show the rate of adult passes Rs.20 more than the children pass.when a company sold 50 adult and 200 children passes,the amount collected is Rs.2250.find the price of an adult pass.

economics
assume a 10 percent sales tax is levied on all consumption, complete the following

Economics
Someone advocates using fiscal policy to stimulate the economy and reduce unemployment. Which of the following might this person advocate to implement the fiscal policy? A) increase federal spending B) reduce tax rates C) both A and B D) neither A nor B I think it is B...

Economics
Taxable income is A) total income less deductions and exemptions. B) earned income less property income. C) all income other than wages and salaries. D) wage and salary income only. E) all earned income is it a?

economics
What is the budget deficit in a given year?

economics
what should indian govt do to control the prices of gold and petrol

economics
An increase in an economy's resource pool will: 1)shift the short-run aggregate supply curve inward. 2)cause a movement along the long-run aggregate supply curve. 3)will shift both the long-run and short-run aggregate supply curves outward. 4)will shift the long-run aggregate ...

Economics
How are you helping businesses expand when you put money in a savings account?

Economics
what are a few factors necessary for economic growth related to changes in aggregate supply and demand? I know The factors necessary for economic growth include more capital, more labor, and technological change, cause an increase in aggregate SUPPLY, but i don't know about ...

Economics
what are a few factors necessary for economic growth related to changes in aggregate demand?

Economics
How do you answer this question? Trade unions and Employer Organisations, Analyse the reasons for their opposition to the new industrial relations laws.

ECONOMICS
PLEASE HELP ME WITH THESE!!!!!!!! 1) If the price of a product produced in a competitive market increases, which of the following is most likely to occur in the labor market for workers who produce the product? A) the demand for labor and the number of workers hired both ...

ECONOMICS
1) If the price of a product produced in a competitive market increases, which of the following is most likely to occur in the labor market for workers who produce the product? A) the demand for labor and the number of workers hired both increase B) the supply of labor and the...

economics
How does the expenditure approach calculate GDP? A. It adds up all the incomes in the economy. B. It adds up the value of four groups of final goods and services. C. It adds up the value of business goods and services. D. It adds up the value of consumer goods and services.

Economics
Analyse the reasons for their opposition to the new industrial relations laws The 'new' industrial relations such as Fair Work Australia

Economics
Hi, would anyone please help me with this question for economics. It for an assignment due in several days, and it is very urgent, because I cant information about it, and our school teacher in absent until the day it is due. thank you Trade unions and Employer Organisations, ...

Macro Economics
If in 1984, measured GDP in Canada was $400 billion, and in 1985 it was $440 billion, explain why we cannot necessarily conclude that the typical Canadian's welfare has improved by 10-percent over the year.

Macro Economics
Explain carefully the meaning and importance of the term “productivity”

Macro economics
Suppose that the residents of Veggieland spend all of their income on cauliflower, broccoli, and carrots. In 1998 they buy 100 heads of cauliflower for $200, 50 bunches of broccoli for $75, and 500 carrots for $50. In 1999 they buy 75 heads of cauliflower for $225, 80 bunches ...

Economics
Trade unions and Employer Organisations, Analyse the reasons for their opposition to the new industrial relations laws.

economics
Why might management and economic theories not always work in the real world?

economics
A copy company wants to expand production. It currently has 20 workers who share eight copiers. Two months ago, the firm added two copiers, and output increased by 100,000 pages per day. One month ago, they added five workers, and productivity also increased by 50,000 pages ...

ECONOMICS
1)The tire shop sells 50 tires a day at $75. After they raise the price on tires to $85, they now sell 46 tires a day. What is the elasticity of tires at the tire shop? A) Inelastic B) Elastic C) Unit Elastic D) Perfectly Inelastic E) Perfectly Elastic 2)Which of the following...

ECONOMICS
1)The tire shop sells 50 tires a day at $75. After they raise the price on tires to $85, they now sell 46 tires a day. What is the elasticity of tires at the tire shop? A) Inelastic B) Elastic C) Unit Elastic D) Perfectly Inelastic E) Perfectly Elastic 2)Which of the following...

Managerial Economics
Compute the economic profit of the firm if Sales-10000,material cost-3000,labour cost-2000,Administration cost-1000,own capital invested is 20000 and opportunity cost of capital 10%.

economics
What marginal costs does University of Phoenix incur in offering one more ECO/561 class? What marginal revenues does University of Phoenix earn from each additional ECO/561 class? How would you expect this marginal analysis to affect the volume of classes University of Phoenix...

ECONOMICS
1)A plastic surgeon thinks she can make more revenue by lowering the price of cosmetic surgery. She lowers her hourly rate from $600 to $550. If cosmetic surgery is an elastic service, is she correct in her assumption? A)Yes B)No 2)How would the elasticity of supply relate to ...

economics
people are more likely to vote....when?

economics
entrepreneur edward is planning to open a business selling ice cream. he knows that the price of ice cream is determined by the forces of supply and demand but wants a report outlining five specific events that can be expected to cause the equilibrium price of ice cream to ...

Economics
1) In which of the following situations would someone have to pay a gift tax? A. A relative dies and leaves you $13,000 in the will. B. Your cousin gives you a car worth $1,700. C. Your grandmother gives you $13,000 toward college. <<--- 2)Which of the following has ...

Economics
The company estimates the probability of no damage to be 0.60, the probability of damage between $0 and $10,000 to be 0.25, and the probability of damage between $10,000 and $25,000 to be 0.12. If the company wants to make a profit of $200 above the expected cost, what should...

economics
I do my classes online and my book is online and it doesn't talk about this at all and i have done called and told my school but they will not fix it please help. Jean-Baptiste Say argued that entrepreneurs should be called the fourth factor of production because they A. ...

ECONOMICS
According to the principles of a market, when the price of a hot pretzel is $2.50, how many pretzels are sold Price of a Hot pretzel:$2.50 Quantity demanded:125 Quantity supplied:300 A) 250 B) 200 C) 150 D) 125 E) 50 Would it be D? since that's how much the buyers are ...

Math Economics
1. Jacksonville Technical College received $3,445,553 in state aid on September 15 for the fall academic semester. The vice-president for finance decided to invest $2,000,000 in a 2-month investment that pays 11.5% simple interest. How much interest will the college earn on ...

economics
describe the current state of consumer income and interest rates in the u.s.

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:

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:

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 ...

Economics
How would you expect the return on a stock market fund to differ from the return on savings account? Why do you think the two rates of return differ?

economics
If a country is currently producing 11 units of health care and 16 units of education, what is the opportunity cost of producing 5 more units of education?

Economics
Stabilizing the national economy.. What effect is an increase in tax rates likely to have on the underground economy? Why?

Economics
Stabilizing the national economy.. What effect is an increase in tax rates likely to have on the underground economy? Why?

economics
what is micro goods.?

ECONOMICS
For the following questions, you are provided with two statements. Choose the two economic goals THAT ARE MOST IN CONFLICT when considering the difference between the two statements. 1) In a market system, a person is entitled to earn as high an income as possible with no ...

Social Studies
WHAT IS THE ACROSTIC FOR THE WORD "ECONOMICS" PLEASE HELP!! hehee

economics
efficiency can best be defined as

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