Negative GDP gap
A large negative GDP gap implies: A) an excess of imports over exports. B) a low rate of unemployment. C) a high rate of unemployment. D) a sharply rising price level.
In which form of market, the demand curve is more elastic and why? Answer: Demand curve is more elastic under monopolistic since of the availability of close substitute.
Maggie thinks there are main differences among Crest, Colgate, Aquafresh and Rembrandt toothpastes, and eventually chooses Crest. Therefore her perception is mainly a consequence of: (1) successful product differentiation. (2) monopolistic competition. (3) informative
Can the charting of past prices be used to predict future prices?
Describe how changes in the prices of other products influence the supply of a specific product.
Rises in the legal minimum wage rate have not been answerable for rising: (i) Unemployment among the teenagers. (ii) Racial discrimination in the employment. (iii) Unemployment between skilled workers who have lost their jobs since of competition from the cheaper impo
In which market form is the marginal and average revenue of a firm always equivalent? Answer: Average and marginal revenue of a firm are for all time equivalents beneath perfect competition.
When the riskiness of an investment into an apartment complex warrants a 12.5% annual rate of return and the complicated is expected to generate net cash flow (as after utilities, preservation and other costs) of $2 million per year,
I have a quiz in Micro (below) can you assist by Saturday? An insulation plant makes three types of insulation (types B, R and X). Each is produced on the same machine which can produce any mix of output so long as the daily total weight is no more than 70 tons. The insulation is shipped in truck
If, after hiring the very last worker, the firm's profit is similar as it was before the last worker was hired, then the firm must: (1) Hire more workers to raise gain. (2) Layoff certain workers to raise the gain. (3) Not hire any more workers. (4) Shut down in short
Critics of contribution standard of the income distribution often: (w) cite inequality as evidence of inequity. (x) assert which private individuals must not be capable to accumulate any assets. (y) believe charitable giving should be
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