Homework Answers
As asked,Q7 is answered below.
7.
An outward shift of the PPF implies economic growth, which allows the economy to produce more of both types of goods on the PPF axis.
One government policy that would aid outward shift of the PPF would be: increased capital investment in the economy along with export price growth policies
Such a policy would allow businesses to enjoy greater capital investment, and hence allow them to increase their productive capacity for both domestic and export consumption, thereby increasing output and thus shifting PPF to the right.
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7.
Suggest one government policy such that the PPF of a country can
shift out a...
6. Refer to the following table, give the range of the price of errands such that...
6.
Refer to the following table, give the range of the price of
errands such that both Lo and Manuel will be willing to trade.
Assume the opportunity cost is constant. (Don’t forget the units)
87 Times New Roma 14 BIU A A E E Page 1 of 9 6. Refer to the following table, give the range of the price of errands such that both Lo and Manuel will be willing to trade. Assume the opportunity cost is constant....
5. What happens to the PPF when more resources for production are discovered. 6. Refer to...
5. What happens to the PPF when more resources for production
are discovered.
6. Refer to the following table, give the range of the price
of errands such that both Lo and Manuel will be willing to trade.
Assume the opportunity cost is constant. (Don’t forget the
units)
Errands Run Dishes Washed
Lo 2 50
Manuel 4 40
7. Suggest one government policy such that the PPF of a
country can shift out a lot in the future.
8. Consider...
6 and 7 both please. 6. Refer to the following table, give the range of the...
6 and 7 both please.
6. Refer to the following table, give the range of the price of errands such that both Lo and Manuel will be willing to trade. Assume the opportunity cost is constant. (Don't forget the units) Errands Dishes Run Washed 12 50 Manuel 4 40 Lo 7. Suggest one government policy such that the PPF of a country can shift out a lot in the future.
1. "You are the best student in the class. You can get into Harvard." Which part...
1. "You are the best student in the class. You can get into Harvard." Which part of the statement is positive? Which part of the statement is normative? 2. The government has been trying to discourage the use of plastic bags. Give one negative incentive to achieve that. 3. Give one opportunity cost of watching TV rather than studying. 4. Dexter decides to buy a new smartphone and offset the cost by selling his old phone to one of his...
1. “You are the best student in the class. You can get into Harvard." Which part...
1. “You are the best student in the class. You can get into Harvard." Which part of the statement is positive? Which part of the statement is normative? 2. The government has been trying to discourage the use of plastic bags. Give one negative incentive to achieve that. 3. Give one opportunity cost of watching TV rather than studying. 4. Dexter decides to buy a new smartphone and offset the cost by selling his old phone to one of his...
1. “You are the best student in the class. You can get into Harvard.” Which part...
1. “You are the best student in the class. You can get into Harvard.” Which part of the statement is positive? Which part of the statement is normative? 2. The government has been trying to discourage the use of plastic bags. Give one negative incentive to achieve that. 3. Give one opportunity cost of watching TV rather than studying. 4. Dexter decides to buy a new smartphone and offset the cost by selling his old phone to one of...
I need help with all these l T-Mobile Wi-Fi 12:38 PM 69% くBack Homework 1.pdfa で...
I
need help with all these
l T-Mobile Wi-Fi 12:38 PM 69% くBack Homework 1.pdfa で Name and Dot Number Multiple Choice Questions 1. Which of the following is not considered an economic resource? A. Real estate B. A personal relationship C. Cash D. These are all examples of a resource. 2. Which of the following economic decisions would most likely be studied by a macroeconomist? A. Domino's Pizza decides to provide quantity discounts in order to increase revenue B....
FART I TRUE FALSE QUESTIONS (10 points). Please write True (1) or False (F) on the...
FART I TRUE FALSE QUESTIONS (10 points). Please write True (1) or False (F) on the blank Scarcity is the intimited nature of society's resources given society's limited wants 2. A reward is a type of positive incentive. 3. To remove difficulty of double coincidence of wants we use money. 4. An exogenous factor is a variable that can be controlled for inside the model. 5. The PPF will not have a constant slope. 6. The law of demand states...
Please help me answer theses practice questions QUESTION 2 Which of the following can a country...
Please help me answer theses practice questions
QUESTION 2 Which of the following can a country implement to protect local industries (e.g. bicycles) according to the video on the deceptive promise of free trade? Border walls local training programs to strengthen local industries protectionist policies such as tarrifs creating a high minimum wage locally governments can't do anything QUESTION 3 Which of the following European countries has a trade surpluse with the US as well as most other European countries...
In Real Life: Win-Win Problem Solving [ Silence ] [ Noises ] >> Can you be...
In Real Life: Win-Win Problem Solving [ Silence ] [ Noises ] >> Can you be a little more quiet? I don't have class until 10 o'clock. I want to catch up on some sleep. >> Sorry to bother you. I am cleaning up last night's dinner dishes. >> Well, I wish you would do it a little more quietly. I was up late studying, >> Well if you would've washed them last night, I wouldn't have had to clean...
6.
Refer to the following table, give the range of the price of
errands such that both Lo and Manuel will be willing to trade.
Assume the opportunity cost is constant. (Don’t forget the units)
87 Times New Roma 14 BIU A A E E Page 1 of 9 6. Refer to the following table, give the range of the price of errands such that both Lo and Manuel will be willing to trade. Assume the opportunity cost is constant....
5. What happens to the PPF when more resources for production
are discovered.
6. Refer to the following table, give the range of the price
of errands such that both Lo and Manuel will be willing to trade.
Assume the opportunity cost is constant. (Don’t forget the
units)
Errands Run Dishes Washed
Lo 2 50
Manuel 4 40
7. Suggest one government policy such that the PPF of a
country can shift out a lot in the future.
8. Consider...
6 and 7 both please.
6. Refer to the following table, give the range of the price of errands such that both Lo and Manuel will be willing to trade. Assume the opportunity cost is constant. (Don't forget the units) Errands Dishes Run Washed 12 50 Manuel 4 40 Lo 7. Suggest one government policy such that the PPF of a country can shift out a lot in the future.
1. "You are the best student in the class. You can get into Harvard." Which part of the statement is positive? Which part of the statement is normative? 2. The government has been trying to discourage the use of plastic bags. Give one negative incentive to achieve that. 3. Give one opportunity cost of watching TV rather than studying. 4. Dexter decides to buy a new smartphone and offset the cost by selling his old phone to one of his...
1. “You are the best student in the class. You can get into Harvard." Which part of the statement is positive? Which part of the statement is normative? 2. The government has been trying to discourage the use of plastic bags. Give one negative incentive to achieve that. 3. Give one opportunity cost of watching TV rather than studying. 4. Dexter decides to buy a new smartphone and offset the cost by selling his old phone to one of his...
I
need help with all these
l T-Mobile Wi-Fi 12:38 PM 69% くBack Homework 1.pdfa で Name and Dot Number Multiple Choice Questions 1. Which of the following is not considered an economic resource? A. Real estate B. A personal relationship C. Cash D. These are all examples of a resource. 2. Which of the following economic decisions would most likely be studied by a macroeconomist? A. Domino's Pizza decides to provide quantity discounts in order to increase revenue B....
FART I TRUE FALSE QUESTIONS (10 points). Please write True (1) or False (F) on the blank Scarcity is the intimited nature of society's resources given society's limited wants 2. A reward is a type of positive incentive. 3. To remove difficulty of double coincidence of wants we use money. 4. An exogenous factor is a variable that can be controlled for inside the model. 5. The PPF will not have a constant slope. 6. The law of demand states...
Please help me answer theses practice questions
QUESTION 2 Which of the following can a country implement to protect local industries (e.g. bicycles) according to the video on the deceptive promise of free trade? Border walls local training programs to strengthen local industries protectionist policies such as tarrifs creating a high minimum wage locally governments can't do anything QUESTION 3 Which of the following European countries has a trade surpluse with the US as well as most other European countries...
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