Homework Answers
The answer is D- Ceteris Paribus
Ceteris paribus, literally "holding other things constant," is a Latin phrase that is commonly translated into English as "all else being equal." Dominant in mainstream economic thinking, it acts as a short-term indication of the effect of one economic variable on another, provided that all other variables remain the same
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Question 11 2 pts Which of the following is a phrase used in economics to mean...
From the list on your right select the letter that contains the word phrase, name, etc...
From the list on your right select the letter that contains the word phrase, name, etc that best matches the word, phrase, name, ele listed on the A The Law of Supply B. Equilibrium C. An example of price floor The total amount of goods and services consumers are willing and able to purchase at a given price. D. Substitutes Other things remaining the same ar ather things being equal E. Demand Positive or direct relationship between price and quantity...
Which of the following are ways of expressing the meaning of ceteris paribus? Check all that...
Which of the following are ways of expressing the meaning of ceteris paribus? Check all that apply. Assuming other things are equalAssuming additional factors, other than those under consideration, are given equal consideration Assuming factors other than those being considered In a particular analysis do not change Assuming additional factors, other than those under consideration, play a significant role in analysis
Question 71 1 pts Which of the following is the best example of a government spending?...
Question 71 1 pts Which of the following is the best example of a government spending? wage payments to firefighters sales tax on consumer products social security payments to households Question 72 1 pts True or False: If the price of cars increase (without knowing price changes in other markets), that must mean that inflation is occurring False True Question 73 1 pts True or False: If the interest rate increases, firms are less likely to start new businesses (ceteris...
Question 49 2 pts Given a marginal propensity consume = 8 (Ceteris paribus) and the government...
Question 49 2 pts Given a marginal propensity consume = 8 (Ceteris paribus) and the government increases the level of transfer payments by $100, we should expect that the GDP will increase by $400. O $100. O $80. O $500. Question 50 2 pts Given the following data for an economy, the value of the marginal propensity to invest is equal to: Consumption = 50+.75Y Investment = 20+.10Y Government = 60 Taxes = .20Y
number 11 Question Help * The geometric mean is often used in business and economics for...
number 11
Question Help * The geometric mean is often used in business and economics for finding average rates of change, average rates of growth, or average ratios. Given n values (all of which are positive), the geometric mean is the nth root of their product. The average growth factor for money compounded at annual interest rates o 1 1.3%, 4.8% and 1.9% can be found by o mou g the geometric mean of 1.113. 1.048 and 1.019. Find that...
Demand is a schedule of how much of a good people will purchase at each income...
Demand is a schedule of how much of a good people will purchase at each income level. how much of a good a person wants. each possible price and the amount people will buy when their incomes change. O how much of a good people will purchase at each different possible price. Question 6 Which of the following best represents the law of demand? As the price of a good increases, the quantity demanded of that good decreases. As the...
Answer all of these, please Attempts: Keep the Highest: rationing devices marginal costs 2. Scarcity and...
Answer all of these, please
Attempts: Keep the Highest: rationing devices marginal costs 2. Scarcity and opportunity cost scarcity Complete the following logical statement: "Because ofI consider the opportunity cost of every action." Individuals and socleties must make choices, and they must therefore 6. All other things constant or nothing else changes Hillary is a research assistant for her favorite biology professor, Dr. Diaz. Dr. Diaz is interested in studying the effects of feeding a certain chemical to rats to...
6. All other things constant or nothing else changes Yvette is a research assistant for her...
6. All other things constant or nothing else changes Yvette is a research assistant for her favorite biology professor, Dr. Ogechi. Dr. Ogechi is interested in studying the effects of aquarium temperature on the number of offspring produced by a certain species of fish. Yvette knows from her economics class that to isolate the effects of a particular phenomenon, all other things must remain the same. In Latin, this is referred to as In order to kee onay oremay atinlay...
Question 11 1 pts Which of the following terms refers to the metrics used to measure...
Question 11 1 pts Which of the following terms refers to the metrics used to measure the performance of subunits and make judgments about how well managers are running those subunits? Key processes Knowlegdge networks control systems incentives Question 12 1 pts The need for coordination between subunits is highest in firms pursuing o III L e 9 w
Please help with these questions Question 26 0.4 pts When one producer has a comparative advantage...
Please help with these questions
Question 26 0.4 pts When one producer has a comparative advantage in production, he or she O is unable to reach his or her production possibilities frontier (PPF) O does not benefit from trade with other producers. trades only with others who have the same comparative advantage. can produce a good at a lower opportunity cost than someone else. O can produce more output than someone else using the same quantity of resources, Question 27...
From the list on your right select the letter that contains the word phrase, name, etc that best matches the word, phrase, name, ele listed on the A The Law of Supply B. Equilibrium C. An example of price floor The total amount of goods and services consumers are willing and able to purchase at a given price. D. Substitutes Other things remaining the same ar ather things being equal E. Demand Positive or direct relationship between price and quantity...
Question 71 1 pts Which of the following is the best example of a government spending? wage payments to firefighters sales tax on consumer products social security payments to households Question 72 1 pts True or False: If the price of cars increase (without knowing price changes in other markets), that must mean that inflation is occurring False True Question 73 1 pts True or False: If the interest rate increases, firms are less likely to start new businesses (ceteris...
Question 49 2 pts Given a marginal propensity consume = 8 (Ceteris paribus) and the government increases the level of transfer payments by $100, we should expect that the GDP will increase by $400. O $100. O $80. O $500. Question 50 2 pts Given the following data for an economy, the value of the marginal propensity to invest is equal to: Consumption = 50+.75Y Investment = 20+.10Y Government = 60 Taxes = .20Y
number 11
Question Help * The geometric mean is often used in business and economics for finding average rates of change, average rates of growth, or average ratios. Given n values (all of which are positive), the geometric mean is the nth root of their product. The average growth factor for money compounded at annual interest rates o 1 1.3%, 4.8% and 1.9% can be found by o mou g the geometric mean of 1.113. 1.048 and 1.019. Find that...
Demand is a schedule of how much of a good people will purchase at each income level. how much of a good a person wants. each possible price and the amount people will buy when their incomes change. O how much of a good people will purchase at each different possible price. Question 6 Which of the following best represents the law of demand? As the price of a good increases, the quantity demanded of that good decreases. As the...
Answer all of these, please
Attempts: Keep the Highest: rationing devices marginal costs 2. Scarcity and opportunity cost scarcity Complete the following logical statement: "Because ofI consider the opportunity cost of every action." Individuals and socleties must make choices, and they must therefore 6. All other things constant or nothing else changes Hillary is a research assistant for her favorite biology professor, Dr. Diaz. Dr. Diaz is interested in studying the effects of feeding a certain chemical to rats to...
6. All other things constant or nothing else changes Yvette is a research assistant for her favorite biology professor, Dr. Ogechi. Dr. Ogechi is interested in studying the effects of aquarium temperature on the number of offspring produced by a certain species of fish. Yvette knows from her economics class that to isolate the effects of a particular phenomenon, all other things must remain the same. In Latin, this is referred to as In order to kee onay oremay atinlay...
Question 11 1 pts Which of the following terms refers to the metrics used to measure the performance of subunits and make judgments about how well managers are running those subunits? Key processes Knowlegdge networks control systems incentives Question 12 1 pts The need for coordination between subunits is highest in firms pursuing o III L e 9 w
Please help with these questions
Question 26 0.4 pts When one producer has a comparative advantage in production, he or she O is unable to reach his or her production possibilities frontier (PPF) O does not benefit from trade with other producers. trades only with others who have the same comparative advantage. can produce a good at a lower opportunity cost than someone else. O can produce more output than someone else using the same quantity of resources, Question 27...
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