Homework Answers
Correct option is (c).
When households supply and sell labor in factor market, and firms purchase this labor in return of wage payment to households, there is flow of factor of production in the factor market.
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QUESTION 4 20 points Save Answer How does factor of production flow in the market for...
14) Money Resource (Factor) Market production income Factors of v Businesses Households Product Market expenditures Consumption...
14) Money Resource (Factor) Market production income Factors of v Businesses Households Product Market expenditures Consumption Use this circular flow diagram illustrating the roles of businesses and individuals in both the product and resource markets to answer any questions that follow, Arrow IV represents the flow of which three things? A investment, credit, and capital Product Market expenditures Consumption Use this circular flow diagram illustrating the roles of businesses and individuals in both the pr resource markets to answer any...
QUESTION 1 10 points Save Answer Select all of the following that are true regarding interest...
QUESTION 1 10 points Save Answer Select all of the following that are true regarding interest rates and foreign exchange rates, ceteris paribus When domestic interest rates rise due to monetary policy, the domestic currency appreciates solely because of the decreased supply of the domestic currency When a domestic currency depreciates, domestic interest rates rise When domestic interest rates rise the domestic currency depreciates Interest rate parity between countries is a reasonable assumption due to arbitrage and floating exchange rates...
QUESTION 1 10 points Save Answer Select all that are true given an increase in domestic...
QUESTION 1 10 points Save Answer Select all that are true given an increase in domestic interest rates: It indicates investment flowing out of the loanable funds market, ceteris paribus It will attract foreign investment into the domestic economy, mitigating the increase It indicates a growing domestic economy The thickly and freely traded currency spot markets will restore interest rate parity between countries QUESTION 2 10 points Save Answer Select all of the following that are true regarding interest rates...
QUESTION 3 10 points Save Answer Select all that are true regarding Quantitative Easing (QE): The...
QUESTION 3 10 points Save Answer Select all that are true regarding Quantitative Easing (QE): The risks of QE include uncertainty over inflation expectations since it has never been done and it involves massive increases in the money supply, a lack of incentives to borrow since interest rates are so low for so long, and a disincentive for banks to lend due to regulatory uncertainty QE is expressly designed to depreciate the domestic currency via increases in the supply of...
QUESTION 53 6.66 points Save Answer Which of the following is not a determinant of the...
QUESTION 53 6.66 points Save Answer Which of the following is not a determinant of the long-run level of real GDP? O a. available stock of human capital. O b. available technology O c. the price level. O d. the amount of capital used by firms. QUESTION 54 6.66 points Save Answer When households find themselves holding too much money, they respond by O a. purchasing interest-earning financial assets and interest rates fall. O b. holding the extra money and...
demand and supply Question 7 1 points Save Answer Consider the following labor market Labor demand:...
demand and supply
Question 7 1 points Save Answer Consider the following labor market Labor demand: LD = ad-w Labor supply: LS = as - 2w where w is the wage, L is the number of workers, ap and as are constants Now suppose that business owners predict low sales next year so they reduce hiring and as a result, ap=70,000 and as=10,000. But in this scenario wages are totally rigid and cannot adjust this year from its original level...
Question 13 2.5 points Save Answer A wholmer sols wheat in a perfectly competitive market and...
Question 13 2.5 points Save Answer A wholmer sols wheat in a perfectly competitive market and hires labor in a perfectly competitive m marginal product of the fifth workers 10 bushes. What would you advise this former to do? et. The market price of what is $2 a bushel the wage rate is $10, the former employs five workers and the Do noting because the wage rate and the marginal product of the last worker hired are equal Raduce m...
QUESTION 4 Personal Taxes Social Security Contributions Taxes on Production and Imports 20 Corporate Income Taxes...
QUESTION 4 Personal Taxes Social Security Contributions Taxes on Production and Imports 20 Corporate Income Taxes Transfer Payments U.S. Exports Undistributed Corporate Profits Government Purchases Gross Private Domestic Investment 75 U.S. Imports Personal Consumption Expenditures 250 Consumption of Fixed Capital Net Foreign Factor Income Statistical Discrepancy Refer to the accompanying data (all figures in billions of dollars). Pl is $40 15 40 24 35 90 25 10 0 O A $314.00 0 B. $437.00 ° C. $346.00 $408.00
equilibrium wage? Question 6 1 points Save Answer Consider the following labor market Labor demand: Lap-...
equilibrium wage?
Question 6 1 points Save Answer Consider the following labor market Labor demand: Lap- w Labor supply: LS as 2w where w is the wage, Lis the number of workers, ap and as are constants Now suppose that business owners predict low sales next year so they reduce hiring and as a result, ap-70,0000 and as10,000. But in this scenario wages are totally rigid and cannot adjust this year from its orig level (i.e. when ap=100,000 and as10,000):...
Question Completion Status: Question 1 11 points Save Answer The School of Dentistry at Penn provides...
Question Completion Status: Question 1 11 points Save Answer The School of Dentistry at Penn provides general dental care to residents of Philadelphia on a walk-in basis. Upon arrival, customers first provide health- relevant information such as personal health records and insurance provider to a receptionist who enters the information into a computer system for the dentist to see. This step takes 4 minutes on average. A dental assistant then takes an X-ray of the patient. This step takes 15...
14) Money Resource (Factor) Market production income Factors of v Businesses Households Product Market expenditures Consumption Use this circular flow diagram illustrating the roles of businesses and individuals in both the product and resource markets to answer any questions that follow, Arrow IV represents the flow of which three things? A investment, credit, and capital Product Market expenditures Consumption Use this circular flow diagram illustrating the roles of businesses and individuals in both the pr resource markets to answer any...
QUESTION 1 10 points Save Answer Select all of the following that are true regarding interest rates and foreign exchange rates, ceteris paribus When domestic interest rates rise due to monetary policy, the domestic currency appreciates solely because of the decreased supply of the domestic currency When a domestic currency depreciates, domestic interest rates rise When domestic interest rates rise the domestic currency depreciates Interest rate parity between countries is a reasonable assumption due to arbitrage and floating exchange rates...
QUESTION 1 10 points Save Answer Select all that are true given an increase in domestic interest rates: It indicates investment flowing out of the loanable funds market, ceteris paribus It will attract foreign investment into the domestic economy, mitigating the increase It indicates a growing domestic economy The thickly and freely traded currency spot markets will restore interest rate parity between countries QUESTION 2 10 points Save Answer Select all of the following that are true regarding interest rates...
QUESTION 3 10 points Save Answer Select all that are true regarding Quantitative Easing (QE): The risks of QE include uncertainty over inflation expectations since it has never been done and it involves massive increases in the money supply, a lack of incentives to borrow since interest rates are so low for so long, and a disincentive for banks to lend due to regulatory uncertainty QE is expressly designed to depreciate the domestic currency via increases in the supply of...
QUESTION 53 6.66 points Save Answer Which of the following is not a determinant of the long-run level of real GDP? O a. available stock of human capital. O b. available technology O c. the price level. O d. the amount of capital used by firms. QUESTION 54 6.66 points Save Answer When households find themselves holding too much money, they respond by O a. purchasing interest-earning financial assets and interest rates fall. O b. holding the extra money and...
demand and supply
Question 7 1 points Save Answer Consider the following labor market Labor demand: LD = ad-w Labor supply: LS = as - 2w where w is the wage, L is the number of workers, ap and as are constants Now suppose that business owners predict low sales next year so they reduce hiring and as a result, ap=70,000 and as=10,000. But in this scenario wages are totally rigid and cannot adjust this year from its original level...
Question 13 2.5 points Save Answer A wholmer sols wheat in a perfectly competitive market and hires labor in a perfectly competitive m marginal product of the fifth workers 10 bushes. What would you advise this former to do? et. The market price of what is $2 a bushel the wage rate is $10, the former employs five workers and the Do noting because the wage rate and the marginal product of the last worker hired are equal Raduce m...
QUESTION 4 Personal Taxes Social Security Contributions Taxes on Production and Imports 20 Corporate Income Taxes Transfer Payments U.S. Exports Undistributed Corporate Profits Government Purchases Gross Private Domestic Investment 75 U.S. Imports Personal Consumption Expenditures 250 Consumption of Fixed Capital Net Foreign Factor Income Statistical Discrepancy Refer to the accompanying data (all figures in billions of dollars). Pl is $40 15 40 24 35 90 25 10 0 O A $314.00 0 B. $437.00 ° C. $346.00 $408.00
equilibrium wage?
Question 6 1 points Save Answer Consider the following labor market Labor demand: Lap- w Labor supply: LS as 2w where w is the wage, Lis the number of workers, ap and as are constants Now suppose that business owners predict low sales next year so they reduce hiring and as a result, ap-70,0000 and as10,000. But in this scenario wages are totally rigid and cannot adjust this year from its orig level (i.e. when ap=100,000 and as10,000):...
Question Completion Status: Question 1 11 points Save Answer The School of Dentistry at Penn provides general dental care to residents of Philadelphia on a walk-in basis. Upon arrival, customers first provide health- relevant information such as personal health records and insurance provider to a receptionist who enters the information into a computer system for the dentist to see. This step takes 4 minutes on average. A dental assistant then takes an X-ray of the patient. This step takes 15...
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