NEED WITH WORDS EXPLANATION Given the current economic status of the United States, how would our...
NEED WITH WORDS EXPLANATION
Given the current economic status of the United States, how would our current production levels be shown on a PPF for the U.S. economy? please refer to the PPF curve, the shape, and what represents the points on the curve, and what represents the points below, or above the curve.
Homework Answers
- PPF shows the different combinations of two goods that can be produced with available resources. one good can be produced more but by reducing production of another good.
- US economy is operating at natural rate of unemployment or at full potential level.
- Thus, there is optimal utilization of resources in US economy:
Following is shape of diagram:
In above diagram PPF shows the optimal utilization of resources but point below the PPF shows the under utilization of resources. While points above the PPF shows the unattainable points.
Add Answer to:
NEED WITH WORDS EXPLANATION
Given the current economic status of the United States, how
would our...
Think about current economic conditions in The United States? What is driving the economy in its...
Think about current economic conditions in The United States? What is driving the economy in its current expansion or contraction phase? What is helping to maintain economic growth, demand, supply, and/or inflation rates within their current ranges? What may trigger the end of a particular trend? Please use specific local examples where possible, and reflect on how national trends may relate to your local economic conditions as well.
cording to our discussions and data from the Wall Street Journal, people in the United States...
cording to our discussions and data from the Wall Street Journal, people in the United States tend to have: 2. Ac More babies during an economic recession than would normally be expected Roughly the same number of babies during economic recessions and periods of economic growth Fewer babies during an economic recession than would normally be expected Abnormally large heads a. b. c. d. Which of the following best represents the idea of the marginal cost of increasing speed while...
National Defense (X) 4. Suppose the production possibilities frántier of the United is represented above. In...
National Defense (X) 4. Suppose the production possibilities frántier of the United is represented above. In this model, the U.S. is assumed to produce two goods, national defense (X) and health care (Y). a. Which of the three goods combinations (A, B, or E) best represents the current production levels of the U.S. economy? Explain? b. Would the opportunity cost of national defense be higher if the economy were operating at point C or at point D? Explain. c. Suppose...
Question 16 2.5 pts Canada, a major trading partner of the United States, experiences substantial economic...
Question 16 2.5 pts Canada, a major trading partner of the United States, experiences substantial economic growth. We would expect U.S. exports to and the U.S. dollar increase; depreciate increase; appreciate decrease; depreciate decrease; appreciate Japanese interest rates increase. We would expect the dollar to and the yen to _ appreciate; depreciate depreciate; appreciate appreciate; appreciate depreciate; depreciate What does the real interest rate equal? below; above above; above above; below below; below Mexico's residents are finding it more expensive...
Given technology today, would it be more feasible than in the past for the United States...
Given technology today, would it be more feasible than in the past for the United States to become more of a direct democracy than a republic? What would be the benefits? The drawbacks? What did we learn from Athenian democracy, the Enlightenment, and our founders that would argue against making democracy more direct? Complete the main post in paragraph form, with at least one APA formatted reference, and citing of the reference. The main post requires a minimum of 300...
1. (50 points) Draw a graph of the overall economy using the Neoclassical economic model, including...
1. (50 points) Draw a graph of the overall economy using the Neoclassical economic model, including the LRAS, SRAS, and AD curve. Draw the model so that this economy is operating at its full potential. 1. Based on this information, is the economy operating with an unemployment rate that is above or below the natural unemployment rate? 2. If AD were to suddenly increase, what would happen to the price level and Real GDP in this economy immediately after the...
In the United States, the mean yearly precipitation in Toledo, Ohio is 51 inches. The yearly...
In the United States, the mean yearly precipitation in Toledo, Ohio is 51 inches. The yearly precipitation is normally distributed and the population standard deviation is 10.84 inches. If we randomly sampled 86 years, what is the probability that the mean precipitation is between 52 inches and 54 inches? (5 points) μ = inches σ = inches ? x̄ x = Select an answer The precipitation in inches of a randomly selected year. The mean percipitation in inches of randomly selected years....
Two countries, Great Britain and the United States, produce just one good: beef. Suppose that the...
Two countries, Great Britain and the United States, produce just one good: beef. Suppose that the price of beef in the United States is $2.80 per pound, and in Britain it is £3.70 per pound. (a) According to purchasing power parity (PPP) theory, what should the $/£ spot exchange rate be? The Purchasing power parity is an exchange rate that compare different countries’ currencies through the prices of identical products or services. The prices vary due to transportation costs, taxes,...
5. Suppose in the United States economy, the rate of money growth for the current year is 8 percent, the velocity of mon...
5. Suppose in the United States economy, the rate of money growth for the current year is 8 percent, the velocity of money in circulation is constant, and inflation is expected to be about 2 percent over the current year. What is the short run economic growth rate? A) 16 percent B) 10 percent C) 8 percent D) 6 percent E) 4 percent 8. The fisher effect matters in terms of inflation given that A) borrowers agree to loan terms...
1. According to economic theory, the efficient amount of pollution in the economy is the point...
1. According to economic theory, the efficient amount of pollution in the economy is the point at which: a. b. c. All your enemies have been vanquished by the amount of pollution you have produced The marginal benefit of reducing pollution further is zero The total benefits of eliminating pollution are equal to the total costs of eliminating pollution The marginal benefits of reducing pollution further are equal to the marginal costs of reducing pollution further There is no pollution...
cording to our discussions and data from the Wall Street Journal, people in the United States tend to have: 2. Ac More babies during an economic recession than would normally be expected Roughly the same number of babies during economic recessions and periods of economic growth Fewer babies during an economic recession than would normally be expected Abnormally large heads a. b. c. d. Which of the following best represents the idea of the marginal cost of increasing speed while...
National Defense (X) 4. Suppose the production possibilities frántier of the United is represented above. In this model, the U.S. is assumed to produce two goods, national defense (X) and health care (Y). a. Which of the three goods combinations (A, B, or E) best represents the current production levels of the U.S. economy? Explain? b. Would the opportunity cost of national defense be higher if the economy were operating at point C or at point D? Explain. c. Suppose...
Question 16 2.5 pts Canada, a major trading partner of the United States, experiences substantial economic growth. We would expect U.S. exports to and the U.S. dollar increase; depreciate increase; appreciate decrease; depreciate decrease; appreciate Japanese interest rates increase. We would expect the dollar to and the yen to _ appreciate; depreciate depreciate; appreciate appreciate; appreciate depreciate; depreciate What does the real interest rate equal? below; above above; above above; below below; below Mexico's residents are finding it more expensive...
1. (50 points) Draw a graph of the overall economy using the Neoclassical economic model, including the LRAS, SRAS, and AD curve. Draw the model so that this economy is operating at its full potential. 1. Based on this information, is the economy operating with an unemployment rate that is above or below the natural unemployment rate? 2. If AD were to suddenly increase, what would happen to the price level and Real GDP in this economy immediately after the...
1. According to economic theory, the efficient amount of pollution in the economy is the point at which: a. b. c. All your enemies have been vanquished by the amount of pollution you have produced The marginal benefit of reducing pollution further is zero The total benefits of eliminating pollution are equal to the total costs of eliminating pollution The marginal benefits of reducing pollution further are equal to the marginal costs of reducing pollution further There is no pollution...
Most questions answered within 3 hours.
-
3. You may be aware that Wal-Mart is also using RFID
technologies at their stores. Name...
asked 5 seconds from now -
Which of the following quotes from a new-product adopter would
signal the need for a firm...
asked 13 seconds ago -
What are the key benefits and limitations of a relational
DBMS?
asked 4 minutes ago -
A medium-sized carrot weighs 64 g and contains 7.0 g of
carbohydrate.
What percent, by mass,...
asked 6 minutes ago -
Please design 3 different and unique brackets consisting of TOP,
FRONT, RIGHT or LEFT views with...
asked 21 minutes ago -
La Niña conditions are forecasted to result in dry conditions in
the spring. You are trying...
asked 30 minutes ago -
The YTM on a 6-month $20 par value zero-coupon bond is 18%, and
the YTM on...
asked 31 minutes ago -
Write In JAVA:
Part 1
The use of computers in education is referred to as
computer-assisted...
asked 38 minutes ago -
Show all of your work and use the half-reaction method
for acidic redox reactions.
1.
H2O2aq+...
asked 39 minutes ago -
The Harry and Belinda Johnson Family Might Have a Career
Change
Harry has started out fine...
asked 46 minutes ago -
Tyler Company acquired all of Jasmine Company’s outstanding
stock on January 1, 2016, for $244,700 in...
asked 48 minutes ago -
In the guanidinium ion, [C(NH2)3] + , what is the best
description of the hybridizations of...
asked 52 minutes ago