Is globalization a phenomenon or a trend? Justify your answer

Q: The city council of Morristown is considering the purchase of one new fire truck The options are TRU...

A: Cost is the expenditure that is made in order to convert the raw material into finished goods. It me...

Q: When the Fed raises the federal funds rate, the US dollar and net exports O a. appreciates; decrease...

A: Federal funds rate is the interest charged on the borrowing and lending transaction between banks th...

Q: The solid line represent current PPF while the dashed line represents a country's desired PPF. Choos...

A: Production Possibility Frontier: It is the curve that shows the various combinations of two goods th...

Q: 12 A researcher reports survey results by stating that the margin of error for the 95% middle interv...

A: The margin of error E for 95% middle interval =44.75 Population variance =18750 We have to find samp...

Q: The four statements below describe different characteristics of a monopolist, but one statement is f...

A: In a monopoly, there is a single seller and the god produced is unique so the firm has full control ...

Q: Give five examples of goods and services that people consume on a daily basis as a result of globali...

A: Globalization The word "globalization" refers to how commerce and technology have made the globe a m...

Q: Which of the following statements is true: Real GDP equals nominal GDP multiplied by the GDP deflato...

A: GDP includes the value of goods and services that are produced within the economy at current year ma...

Q: 6. Compare and contrast the views of Ricardo and Malthus on each of the following topics: (a) corn l...

A: First we show view Ricardo and Mathus (a) Corn làws .......  Ricardo opposes Corn Làws' defense laws...

Q: Thank you !!!!!! Sherry expects to deposit $2000 now, $1000 4 years from now, and $2500 7 years fro...

A: *Answer:   

Q: Rising health care costs O stretch government budgets, especially as the proportion of the populatio...

A: Disclaimer “Since you have asked multiple questions, we will solve the first question for you. If yo...

Q: This question will take more time to answer This question aims to explore some of the points discuss...

A: The steady state level is achieved where the per capita variables  do not change any longer. conditi...

Q: 1. The analysis of economic forces that justify the existence of trade and its degree between two na...

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

Q: 6. Mexico and Canada have flexible exchange rates. Suppose the real interest rate in Canada increase...

A: Interest Rate is the cost of borrowing or saving expressed as a percentage of the total amount. Such...

Q: Which market is most likely to be a competitive market?   Multiple Choice   the market for fiber o...

A: The market is competitive when there are many producers selling products to the consumers. No single...

Q: Explain the Structural Characteristics of Developing Nations.

A: Developing countries have a poor institutional structure such as a lack of property rights, absence ...

Q: Statement I: The Economic Entity theory holds that people have unlimited wants but limited resources...

A: The concept of Scarcity is discussed in given statements where we have to make choices because of th...

Q: Are there any circumstances under which society could exist without law?

A: ANSWER   A Society rarely survives without some formed code of conduct. Thus it cannot exist without...

Q: Economic conditions of Athens (300 to 400 words

A: The Athenian economy depended on exchange. The land around Athens didn't give enough food to every o...

Q: You are the manager of a monopoly, and your analysts have estimated your demand and cost functions a...

A: A monopoly is a single firm selling unique good in the market and enjoys market power.

Q: man pays his debt in the following manner: P1000 after 1 yr., and decreases P78 every year up to 6th...

A: Given cash flow is Rate of interest =15% compounded annually. G=78

Q: Describe why competitive market can be failed due to the presence of the public goods.

A: In a market, public good refers to the goods that are generally offered by the government as these g...

Q: If a firm is enjoying modest accounting profit but incurring significant economic losses, which of t...

A: Here, it is given that a firm is enjoying a high accounting profit, but facing an economic loss. 

Q: Business cycles are: O fluctuations in stock prices over time. O changes in the unemployment rate ca...

A: Business cycle refers fluctuations in an economy which includes expansion or contraction. When econo...

Q: Binter wants to have a fund amounting to Php6,500,000 available after 10 years. He will set up a sin...

A: The formula future value of annuity is as follows, F = P * [ { (1+i/12)n*12 - 1 } / i/12 ]  

Q: Why do small convenience stores which are often open 24-7 typically charge higher prices than superm...

A: Answer:- In a market, there are different forms of organizations that are delivering similar product...

Q: Why does the community need to do research?

A: Research refers to the activity in which an individual or a group of individuals collects data for a...

Q: ppose that autonomous consumption is 50, government purchases are 125, planned investment spending i...

A: Aggregate expenditure is the sum of consumption, investment, government spending and net exports in ...

Q: You are the manager of a monopoly that sells a product to two groups of consumers in different parts...

A: Optimal markup pricing rule that is consistent with MR = MC P = MCe1+e where e is the elasticity of ...

Q: You have been asked to research a small claims matter related to an unpaid car loan. The client, Joa...

A: Given is the case where Angela has only paid half of the debt amount that is $ 5000.  The client Joa...

Q: Price elasticity of demand is a relationship between price and quantity demanded. Total Revenue to a...

A: ANSWER   Revenue is the product of price and quantity. Any change in the price changes the quantity ...

Q: The following are the advantages of financial intermediaries, except:  A. Provide guaranteed returns...

A: Financial Intermediaries:- Financial intermediaries function as go-betweens for financial transactio...

Q: We consider following IS curve: Co+ l, + Go Y = = 1-c(1-t) 1- c(1 – t)* Show how increase in margina...

A: The marginal propensity to consume (MPC) is the proportion of a raise in wage that a consumer spends...

Q: If the Fed sells U.S. government securities to banks, the federal funds rate and banks' reserves O a...

A: Answer: (b) rises; decrease

Q: What can the government do to solve the problem of inadequate levels of public goods? Explain how th...

A: inadequate levels of public goods refers to the market failure and in economics, market failure is a...

Q: There is an oil change firm in town called Oil Pro. The total cost function for Oil Pro is below. Wh...

A: When the firms breakeven they tend to earn Zero economic profit which implies total revenue is equal...

Q: Based on the concept of demand-pull inflation, when the economy is at, or very close to, full-employ...

A: Demand-pull inflation: When there is more demand then it will lead to an increase in the price of th...

Q: Product Market Households Businesses Factor Market The flow of goods and services to consumers is il...

A: The circular flow of income refers to the model in which the economic agents exchange money and good...

Q: What was the death rate of coronavirus pandemic 2019-2020?

A: CoronaVirus The SARS-CoV-2 virus causes a highly infectious respiratory illness.SARS-CoV-2 is assume...

Q: Team, please create an amortization schedule which shows different dollar amounts you borrow at diff...

A: Introduction Amortization table for 25 years loan has  shown on different interest rate and differen...

Q: Two methods of carrying away surface runoff water from a new subdivision are being evaluated. • Meth...

A: Equivalent annual cost (EAC) is the annual cost of buying, working, and keeping a resource over its ...

Q: III 123 Verdana 12 A A- Aa BIU abe X, x2 Styles 3. Complete the following table: See module 3 notes,...

A: Fixed cost is the cost that remains same at all levels of output while variable cost is the cost tha...

Q: ont Total cost Output pil changes per hour) (dollars p er hour) 10 1 20 35 3 50 4 so

A: Fixed cost is the cost that remains same at all levels of output whereas variable cost is the cost t...

Q: 1. Assume that in an economy the phillips curve is: Att = -0,8 (U-Un) + p Last year's inflation was ...

A: The Phillips curve is an economic concept developed by A. W. Phillips stating that inflation and une...

Q: Part C Elasticity of Demand Elasticity of demand depends on a number of factors, including whether t...

A: Elasticity of demand is the ratio of %change in Qd and %change in P of the product. 

Q: Are beer and pretzels complements or substitutes?

A: Answer:- Yes beer and pretzels are substituted as pretzels are being substituted by relatively cheap...

Q: Is it ever possible that if someone is a net seller of a good, and the price of the good he sells fa...

A: Seller is person who sales goods and services in market in order to make some money . And seller is ...

Q: 7 Decentralization: You want to introduce lean manufacturing at your plant, but you are not sure whe...

A: Answer: Some tasks are mandatory to perform the managers,then others are doing the primary job is t...

Q: Use the following supply and demand schedules for skate boards in table 18.1, to answer the question...

A: Given that the price ceiling is at $400, as price ceiling is the legal maximum price that producer c...

Q: Ceteris paribus, in a closed economy, if consumers become more pessimistic. O autonomous consumption...

A: In a closed economy, if the consumer becomes more pessimistic about the future, he will reduce the l...

Q: Suppose that investment depends on both output and the interest rate and there is an increase in con...

A: Consumer confidence:- Consumer confidence can be explained as an indicator of the economy. It gauges...