Which is better? To have eight people unemployed each for one month To have one person unemployed for eight months Explain.

Q: The factor-price equalization theorem indicates that laborers will end up earning the same wage rate…

A: Factor-price equalization The economic theory of factor price equalization, developed by Paul A.…

Q: Mary makes year-end deposit of $4500, the first year increasing the year’s deposits by 8% until the…

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Q: What is importance of financial markets for the productive capacity of the economy.?

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A: It has been given to us that the growth rate of real GDP has increased from 4.2% to 4.4%  We have to…

Q: It's October 21 and the air conditioner at the Brown household has just gone out. Fortunately, they…

A: FV = 3,500 n = (deposit from 21 Jan to 21 may) i.e. 5 months r = 1.25% per month

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Q: 2. 3. purchase! You borrow $80,000 at 5.00% per year and will pay off the loan in equal payments…

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Q: Why did costs for shipping containers increase so sharply during the pandemic? Check all that apply.…

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A: The gross domestic product refers to the production of goods and services during an accounting year.…

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A: Here we are given the intertemporal consumption problem. Here consumer decides the consumption in…

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A: Since you have asked multiple question, we will solve the first question for you. If you want any…

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Q: economics question. *How can you use supply and demand to analyze shortage issues and policy…

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Q: QUESTION 33 Say that Alland can produce 32 units of food per person per year or 16 units of clothing…

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A: Given: Rate of interest (r)=0.05 Rate of growth of real GDP = 0.03

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Q: Use an ISLM model to analyse the effects of an increase in government expenditures on the interest…

A: The IS-LM model, also recognised as the "investment-savings" and "liquidity preference-money supply"…

Q: Please provide examples of what is an emerging economy and its definition?

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A: A macroeconomic model called the AD-AS, or aggregate demand-aggregate supply model, uses the link…

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Q: Let y = f(x1, x2)=x11/2 + x1x2 be a firm’s production function, where x1≥0, x2≥0.   Write down the…

A: Note:- Since you have posted multiple subparts, as per the guidelines we can solve only first three…

Q: Because neoclassical economists assume that people are rational decision makers, they Multiple…

A: Behavioral economics  This hypothesis accepts that individuals, given their preferences and…

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Q: The price of a Universal Testing Machine doubles in 15 years. What is the compounded yearly interest…

A: Given that,    Principal (P): $1000(let assumed) Total P+I (A): $2,000(let assumed) Time (t in…

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Q: Q1: Determine the Price Demand eqution Price 40 > 20 40

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Q: Cognitive biases are the result of Multiple Choice heuristics used in the deliberative processes of…

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Q: Consider the table of GDP and population for several imaginary countries. Country Wrigleyville…

A: National Income is the value of final goods and services produced in a country during a year. Per…

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Q: QUESTION 7 Consider a coffee shop that can increase the amount of coffee sold by increasing the…

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Q: Give four (4) economic activities that generate both positive and negative externalities?

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Q: The price of a Universal Testing Machine doubles in 15 years. What is the compounded yearly interest…

A: given that, Let Principal (P) be: $10,000 Let Total P+I (A) be: $20,000 time (t) : 15 years