Homework Answers
Cell Phones is answer
the above will be answer..
because these are owned by individuals
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All of the above are examples of public goods except ? Cell Phones Police Service O...
1. All of the following are examples of government purchases of goods & services EXCEPT The...
1. All of the following are examples of government purchases of goods & services EXCEPT The government makes social security payment to your grandmother The government pays the salaries of military servicemen and servicewomen The government pays the salaries of members of Congress The government purchases 500 new helicopters for the army 2. All of the following are examples of investment spending EXCEPT A household purchases a newly constructed house A business purchases new robotic manufacturing equipment A business purchases...
In the national income accounts, all of the following are classified as government purchases except: A.services...
In the national income accounts, all of the following are classified as government purchases except: A.services provided by police officers. B.purchases of military hardware. C.services provided by public servants. D.payments made to social security recipients.
QUESTION 5 All of the following are examples of fiscal policy, EXCEPT when the A. government...
QUESTION 5 All of the following are examples of fiscal policy, EXCEPT when the A. government spends on building and repairing the nation's bridges and roads. B. Fed lowers the interest rate by increasing the money supply. C. U.S. Congress approves an economic stimulus package. D.taxpayers receive a $1500 per family rebate.
Suppose country A produces 3 goods only; textbooks, computers and cell-phones. The total production and prices...
Suppose country A produces 3 goods only; textbooks, computers
and cell-phones. The total production and prices of all goods are
given in the following table. Year 2000 is the base year.
Calculate the inflation rate between 2000 and
2002.
Item 2000 Price Quantity $200 $1,000 5 $600 10 12 2001 Price Quantity $250 $1,200 9 $650 15 Textbooks Computers Cell-phones 16 2002 Price Quantity $400 $1,500 7 $800 12 14
Which of the following are examples of privatization of public sector functions? Select all that apply. a. Private...
Which of the following are examples of privatization of public sector functions? Select all that apply. a. Private leases of public roads b. Government funding of health insurance for children from low-income families Expansion of Medicaid under the Obama health care plan d. Medicare Part Denrollees required to purchase private prescription drug coverage
The roles of government include all of the following tasks except Oproviding public financing when appropriate....
The roles of government include all of the following tasks except Oproviding public financing when appropriate. O protecting health of individuals against unsafe products. O providing public goods. O taking over production of healthcare services causing positive externalities.
Suppose country A produces 3 goods only; textbooks, computers and cell-phones. The total production and prices...
Suppose country A produces 3 goods only; textbooks, computers and cell-phones. The total production and prices of all goods are given in the following table. Year 2000 is the base year. Item 2000 2001 2002 Price Quantity Price Quantity Price Quantity Textbooks $200 12 $250 16 $400 14 Computers $1,000 5 $1,200 9 $1,500 7 Cell-phones $600 10 $650 15 $800 12 (a) Explain why real GDP decreased between 2001 and 2002. (b) Calculate the inflation rate between 2000 and...
Our government provides many goods and services, e.g. police, national defense, and roads, but most goods and services a...
Our government provides many goods and services, e.g. police, national defense, and roads, but most goods and services are provided by the private sector, e.g. cars, food, etc. In recent years most stadiums (e.g. Century Link Field, Safeco Field, and the Seattle Coliseum) have been provided by city and/or county governments. Develop criteria for when the government rather than private sector should produce certain items. What types of items should be produced by the private sector (capitalism), and what type...
Suppose country A produces 3 goods only; textbooks, computers and cell-phones. The total production and prices...
Suppose country A produces 3 goods only; textbooks, computers and cell-phones. The total production and prices of all goods are given in the following table. Year 2000 is the base year. Item 2000 2001 2002 Price Quantity Price Quantity Price Quantity Textbooks $200 12 $250 16 $400 14 Computers $1,000 5 $1,200 9 $1,500 7 Cell-phones $600 10 $650 15 $800 12 Explain why real GDP decreased between 2001 and 2002. Without calculations, explain why nominal GDP increased between 2001...
Suppose country A produces 3 goods only; textbooks, computers and cell-phones. The total production and prices...
Suppose country A produces 3 goods only; textbooks, computers and cell-phones. The total production and prices of all goods are given in the following table. Year 2000 is the base year. Item 2000 2001 2002 Price Quantity Price Quantity Price Quantity Textbooks $200 12 $250 16 $400 14 Computers $1,000 5 $1,200 9 $1,500 7 Cell-phones $600 10 $650 15 $800 12 Calculate the nominal GDP in 2002. Calculate the real GDP in 2001 and 2002. Explain why real GDP...
QUESTION 5 All of the following are examples of fiscal policy, EXCEPT when the A. government spends on building and repairing the nation's bridges and roads. B. Fed lowers the interest rate by increasing the money supply. C. U.S. Congress approves an economic stimulus package. D.taxpayers receive a $1500 per family rebate.
Suppose country A produces 3 goods only; textbooks, computers
and cell-phones. The total production and prices of all goods are
given in the following table. Year 2000 is the base year.
Calculate the inflation rate between 2000 and
2002.
Item 2000 Price Quantity $200 $1,000 5 $600 10 12 2001 Price Quantity $250 $1,200 9 $650 15 Textbooks Computers Cell-phones 16 2002 Price Quantity $400 $1,500 7 $800 12 14
Which of the following are examples of privatization of public sector functions? Select all that apply. a. Private leases of public roads b. Government funding of health insurance for children from low-income families Expansion of Medicaid under the Obama health care plan d. Medicare Part Denrollees required to purchase private prescription drug coverage
The roles of government include all of the following tasks except Oproviding public financing when appropriate. O protecting health of individuals against unsafe products. O providing public goods. O taking over production of healthcare services causing positive externalities.
Suppose country A produces 3 goods only; textbooks, computers and cell-phones. The total production and prices of all goods are given in the following table. Year 2000 is the base year. Item 2000 2001 2002 Price Quantity Price Quantity Price Quantity Textbooks $200 12 $250 16 $400 14 Computers $1,000 5 $1,200 9 $1,500 7 Cell-phones $600 10 $650 15 $800 12 (a) Explain why real GDP decreased between 2001 and 2002. (b) Calculate the inflation rate between 2000 and...
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