Problem based on type of economy
Tell me the answer of this question. Economists would describe the U.S. automobile industry as: A) purely competitive. B) an oligopoly. C) monopolistically competitive. D) a pure monopoly.
When leisure is a normal good, in that case the demand for leisure: (1) varies directly with income. (2) has declined sharply from World War II. (3) is positively associated to the average age of the population. (4) shifts leftward as a result of tech
The equilibrium prices for cranberries within the short run of: (w) P1. (x) P2. (y) P3. (z) P4. Q : Model of production possibilities Can someone help me in determining the right answer from the given options. The production possibilities frontier model can be employed to describe: (1) The scarcity. (2) Full employment, efficiency and limited resources. (3) The opportunity costs and
Can someone help me in determining the right answer from the given options. The production possibilities frontier model can be employed to describe: (1) The scarcity. (2) Full employment, efficiency and limited resources. (3) The opportunity costs and
Economic profits are NOT recompenses to entrepreneurs who: (1) endure business uncertainty. (2) provide society along with economic capital. (3) innovate new goods and technologies. (4) exercise monopoly power or monopsony power. (5)
I have a problem in economics on Craft Unions problems. Please help me in the given question. The craft unions arrange all the workers: (i) In a given industry or firm, despite of skill or craft. (ii) In a specified craft, even when they work for dist
At a price of $50, the demand for DVD games is roughly: (w) perfectly elastic. (x) perfectly inelastic. (y) unitarily elastic. (z) relatively inelastic. Q : Economically non–viable industry What What happened when demand and supply curve do not intersect with each other? Answer: The outcome is: Economically non–viable industry.
What happened when demand and supply curve do not intersect with each other? Answer: The outcome is: Economically non–viable industry.
A bond which pays a fixed annual income always is: (w) an eternity. (x) a perpetuity. (y) worthless. (z) infinitely valuable. Can anybody suggest me the proper explanation for given problem regarding Econom
Car prices and sales such that the costs per mile of auto passenger travel, and whole passenger miles driven have all rose from the 1940 year, demonstrating that: (w) auto travel is an inferior good. (x) the demand for auto travel is positively sloped. (y) the law of
The procedure in which the technology and human knowledge are employed to apply energy to convert materials to make the materials more precious is known as: (1) Social overhead. (2) Capitalism. (3) Production. (4) Construction. (5) Profit-seeking. Discover Q & A Leading Solution Library Avail More Than 1452818 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1924317 Asked 3,689 Active Tutors 1452818 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
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