At full employment and with efficient use of all resources, a society produces a) somewhere outside its PPF. O b) on its PPF. Oc) only one good. Od) somewhere within its production possibilities frontier (PPF). O e) at the origin on its PPF graph.
Q: The text suggests that a business and its managers can put a process in place to require the ethical…
A: Since you have posted multiple question, we will solve first question for you. If you want any other…
Q: State of the Economy High Growth Normal Growth Recession Probability Return 0.2 +30% 0.7 +12% 0.1…
A: A rate of return (RoR) is the net gain or loss of an investment over a specified time period,…
Q: efer to the table below. em Dollars In Billions heckable Deposits $600 mall Time Deposits $700…
A: Money supply is mainly divided into M1 , M2 and M3 , these are the indicators of money supply , so…
Q: 2.Tammy sells woolen hats in a perfectly competitive market. The marginal cost of producing 1 hat is…
A: The solutions to the three questions are as under:
Q: Use the line drawing tool to draw a line representing a possible efficiency wage. Be sure that this…
A: Efficiency wage implies giving a wage above the equilibrium wage in order to retain the skilled…
Q: In 2019, Japan had a debt/GDP ratio of 256.22%. For the same year, Germany had a debt/GDP ratio of…
A: Here, it is given that the debt-to-GDP ratio in Japan is 256.22% and in Germany is 68.93% in 2019.
Q: Which of the following statement is true? * The increased flow of gold from the U.S. into foreign…
A: 1) To combat inflation and prevent foreign countries from overburdening the system by redeeming…
Q: What is the depreciation amount each year using straight-line depreciation for office furniture that…
A: Dear Student, as you have posted multiple questions but according to the policies and guidelines of…
Q: Consider the production possibilities frontier (PPF) shown in the graph below to answer the next…
A: Production possibilities frontier shows different combinations of two goods that can be produced…
Q: [Q: 9-1818220] Consider a competitive market operating in the short-run with a market demand curve…
A: Price ceiling refers to the legal maximum price that can be charged for a good. Binding price…
Q: For Pancreas Transplant, DRG code is 010. For DRG 010, Medicare pays fixed amount of $21,313.50.…
A: For Pancreas Transplant, the DRG code is 010. For DRG 010, Medicare pays a fixed amountof…
Q: The following table describes economic conditions in two countries, Opland and Lovenia. Complete the…
A: Lovenia: Condition 1 The central bank coordinates the interest rate with a prevailing interest rate…
Q: What is a single currency?
A: Currency is a kind of payment used to buy and sell goods and services. In a nutshell, it's money…
Q: Alternative A. Build a coal-powered generating facility at a cost of $20,000,000. Annual power sales…
A: PLEASE FIND THE ANSWER BELOW. BENEFIT-COST RATIO (BCR): The benefit-cost ratio (BCR) is a ratio…
Q: When it comes to social welfare, this is proportional to economic surplus when faced with…
A: The study of how the distribution of resources and goods impacts social welfare is known as welfare…
Q: For a large country import tariffs will yield a price increase for domestic consumer that is A…
A: Tariff refers to a type of tax that is imposed by the government of an nation on the imported goods…
Q: The following table displays the average cost of pr6U sagood at Output (units) Average Cost (5) 940…
A: Long run Average cost curve (LRAC) LRAC is also known as Planning curve. It shows the minimum total…
Q: original purchase price and freight and transportation charges installation expenses initial taxes…
A: Economic depreciation is a proportion of the abatement in the market worth of a resource over the…
Q: When the Fed raises the legal reserve requirement, it Question 47 options: a) increases the…
A: Answer) Reserve requirements is considered as an amount of cash that bank should retain with them.…
Q: Cost (thousands of $) The graph shown on the right represents the cost C (in thousands of dollars)…
A: Cost refers to all the expense as well as the expenditure in a production process. These expenses…
Q: Give long information about economic changes.
A: Economic change is defined as a change in the structure of an economic system.This results in…
Q: 6 Consider Nowehereland, a small open economy. Suppose business people in Nowhereland are…
A: Introduction When the government lowers taxes in a small open economy, domestic demand rises while…
Q: The following event has occurred: The U.S. government has issued tax rebates to households. This…
A:
Q: Graphically explain why the firm’s short-run supply curve is simply the SMC curve. Hint: Explain why…
A: In any firm the short run supply curve is the green line which is positively related to the price of…
Q: Can public finance for health be deployed as a tool to redistribute income from rich to the poor? If…
A: Public finance is the one of the branch of economics in which it emphasizes the role of government…
Q: Consider the following economy: cd = 230 + 0.60(Y - T)- 460 d = 240 - 480/r L = 0.4Y- 540/ Y = 1,000…
A: * SOLUTION :- Given that ,
Q: The YTM on Apple bond is 3%. The tax rate is 21%. What is the after-tax cost of debt? Select one: a.…
A: Answer; Option C is right answer.
Q: 3. Ethics refers to A) the practice of obeying applicable business laws and regulations B) the…
A: The organization that is being engaged in activities of commercial, industrial, or professional in…
Q: U.S. real GDP is substantiality higher today than it was 60 years ago. What does this tell us, and…
A: Real gross domestic product is an inflation-changed measure that mirrors the worth of generally…
Q: Application of the "Fitting Organization Structure to International Advantages" model requires the…
A: To create the "all-channel" communication structure, the components of both the circle and star…
Q: 23. is a measure of the relationship between a percentage change in the market price of a product…
A: We will answer the first question since the exact one was not specified. Please submit a new…
Q: Identify and explain the three theories of the term structure of interest rates, including any…
A: b. When short-term debt securities with the same credit risk level have greater yields than…
Q: The following table shows the total production that can be produced by two countries at 100 workers.…
A: Absolute advantage, when a country can produce more of a good than others using the same amount of…
Q: 4. What is the price at which the quantity of goods demanded, and the quantity of goods supplied…
A: Quantity demanded of the goods refers to the amount of goods the consumers demand at a particular…
Q: If the ($/SFr) exchange rate goes from $1.25/SFr to $1.30VSFr this is a $ depreciation. An increase…
A: The correct answer is given in the second step.
Q: 3) Eric's wage rate is $10 an hour. He has no earnings other than his labor income. His utility…
A: as it is given wage rate =$10 ( an hour) utility function = U(C,R)=CR2 where c is consumption R is…
Q: The "brain drain" phenomenon refers to: Workers experiencing a fall in productivity levels due to a…
A: Human capital refers to the skills, qualifications of a person through which it contributes in the…
Q: Import demand is given by A by the difference between the demand for a good and the supply of a…
A: International trade agreements govern the exchange of goods and services between two or more…
Q: Suppose the price elasticity of demand for oil is 0.3 in the short run and 0.8 in the long run. a)…
A: We have different elasticity for long run and short run.
Q: (OTHER SOLUTION CONCEPTS) Consider the 4x3 game depicted below. A Г1,2 1,2 0,3] B 4,0 1,3 0,2 с 13,1…
A: Minimax strategy is when the player is minimizing one’s own maximum loss Here, player 2 minimizes…
Q: Potential real GDP is defined as: Group of answer choices The quantity of output that the economy…
A: Real GDP is the value of final goods and services produced in the economy within a given period of…
Q: LM BP IS Y.
A:
Q: If legal reserve requirement is 8% then the size of the potential money multiplier is: Question 43…
A: Money multiplier defines how an initial deposit can result in a very large final increase in the…
Q: explain the notions of a circular economy and the 6 Rs of sustainability and how these could help…
A: Disruptive changes in the way our society and businesses are organised are required for sustainable…
Q: Start with a brief introduction that explains use of Government policy to control the economy. When…
A: Changes in the number and types of taxes imposed by governments have an impact on the economy.…
Q: 8. Suppose a firm produces shoes. The production of shoes creates pollution, which is a negative…
A: Externalities is the spillover effects of economic activities on other person's wellbeing . If it…
Q: 4. The purchase price of a certain new automobile (challenger) being considered for use in your…
A: PLEASE FIND THE ANSWER BELOW. CAPITAL INVESTMENT: Capital investment is the expenditure of money…
Q: ls the free market (capitalism) approach a better way to sustainability or do we need more…
A: Addressing our own needs without affecting future generations' ability to satisfy their own is what…
Q: Please describe in your own words the money creation process when the central bank purchases $2…
A: Commercial banks refers to a financial institutions that performs function of accepting deposits and…
10..
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- Consider the figure at the right, which represents the production possibilities boundary for pizzas and guns. The combination(s) of pizzas and guns at O A. points A and C are just attainable but inefficient. O B. points A and C are less efficient than point B. O C. point B is efficient but unattainable. O D. point B is attainable but inefficient. O E. points A and C are unattainable. Quantity of Pizza Quantity of Guns CSMARTPHONES (Millions) 40 20 0 PPF 0 40 60 CORN (Millions of bushels) Which of the following is true regarding this economic model? O In order to construct such a model, an economist would need real life data regarding countries that produce only two goods. O The fact that there are only two goods produced in this theoretical economy, when, in reality, economies produce many more types of goods, means this model is generally useless. O This PPF is not an economic model. O The fact that there are only two goods produced in this theoretical economy is a simplifying assumption that still allows economists to demonstrate key economic concepts. 20 80 100The figure shows an economy's production possibilities frontier and identifies some production points. ....I Which points are efficient? O A. Points F and G only O B. Points A, B, C, F, and G O C. Points D and E only O D. Points A, B, C, D, and E O E. Points A, B, and C only
- The shape of the production possibilities curve usually has a concave-shape. What does say about the factors of production when the production possibilities curse is a straight line? O diminishing return between the production of featured goods no diminishing return between the production of featured goods O increasing return between the production of featured goods O the factors of production are incapatableConsider the figure at the right, which represents the production possibilities boundary for pizzas and guns. The combination(s) of pizzas and guns at OA. points A and C are just attainable but inefficient. O B. points A and C are less efficient than point B. OC. point B is efficient but unattainable. OD. point B is attainable but inefficient. O E. points A and C are unattainable. Quantity of Pizza B Quantity of GunsQuestion 3 Person 1 can allocate her 8-hour day between the production of two goods: A and B. Each hour devoted to Good B yields 2 units whereas each hour devoted to Good A produces 4 units. (a) State whether 9 units of Good B and 12 units of Good A are attainable, unattainable, efficient or inefficient. [State all that applies.] Select one or more: attainable unattainable efficient inefficient
- Which of the following scenarios might explain what an economy would be operating inside its production possibilities curve? Select one: O a. Because damage to natural resources, such as might be caused by deforestation leading to erosion of topsoil, has shrunk the land resource O b. Because of discrimination against employing workers of a certain race or gender O . Because shrinking population has reduced the number of productive workers in the economy O d. Because technological innovations have increased the productivity of labour and capitalIn a microeconomic model, how would you differentiate between an 'exogenous' variable and an 'endogenous' variable? O Endogenous variables are those determined within the model, while exogenous variables are given from outside the model. O Exogenous variables are those which economists do not study, while endogenous variables are heavily studied. O Exogenous variables are variables that economists cannot measure, while endogenous variables are measurable. Exogenous variables cannot influence endogenous variables in any economic model. O More than one of the above.140 120 100 20 PPP 10 20 30 40 50 60 70 80 90 100 Quantity of rubber hoses (Figure: Figure: Rubberland's Production Possibilities) Rubberland only makes two products, rubber band balls and rubber hoses, and on a given day can produce according to the lighter PPF curve in the graph. Point A on the lighter PPF curve represents the combination of the two goods Rubberland currently produces. When a new method of rubber processing is discovered, the PPF shifts to the right, the darker PPF curve. Assume that Rubberland does not make more rubber hoses than they originally made at point A but still maximize their productive capabilities. How many more rubber hand balls do they now produce per day than before? O 59 O 30 O 20 Q 39 Quantity of rubber hnd halls
- Based on the graph, what is the opportunity cost of moving from point B to point D? Baseballs 200 150 100 C 50 100 200 300 400 Bananas Select one: O a. 100 bananas and 100 baseballs O b. 100 bananas and 50 baseballs O c. 50 baseballs O d. none of the answers are correct O e. 100 bananas B.Which of the following scenarios might explain what an economy would be operating inside its production possibilities curve? Select one: O a. Because damage to natural resources, such as might be caused by deforestation leading to erosion of topsoil, has shrunk the land resource O b. Because of discrimination against employing workers of a certain race or gender O c. Because technological innovations have increased the productivity of labour and capital O d. Because shrinking population has reduced the number of productive workers in the economy Next page IMG_7969.jpegAdjust the production possibilities frontier (PPF) to show the economy's new production possibilities after the deterioration of infrastructure. Note: Select either end of the curve on the graph to make the endpoints appear. Then drag one or both endpoints to the desired position. Points will snap into position, so if you try to move a point and it snaps back to its original position, just drag it a little farther. QUANTITY OF CARS (Millions) 24 16 0 0 O 5 OO PPF 10 QUANTITY OF COMPUTERS (Millions) 15 Suppose society faces a broad tradeoff between allocating resources to the production of investment goods (computers) and consumption goods (cars) before the deterioration of infrastructure described above. PPF Which of the following events would be most likely to lead to the deterioration of infrastructure you just illustrated? Increasing production of investment goods and decreasing production of consumption goods Decreasing production of investment and consumption goods Increasing…
