when there is a mix match of goods and services either an oversupply or an under...
when there is a mix match of goods and services either an oversupply or an under supply that causes us to unable to use resources properly we call it
Homework Answers
Answer : When there is mix match of goods and services either an oversupply or an under supply that causes us to unable to use resources properly we call it is called point under or above production possiblity curve . It means that resources are not properly utilised which resulted in the underutilisation of resources as well as point lies under utilisation of the resources in an economy.The point above or below the production possiblity frontier in an economy.
Add Answer to:
when there is a mix match of goods and services either an
oversupply or an under...
25 The conditions under which a firm sells its goods and services for cash or credit...
25 The conditions under which a firm sells its goods and services for cash or credit a. collection policy b terms of sale с terms of endearment d credit contract 26 When a purchaser is presented with trade terms such as 2/10 net 30, we call this a. a sales discount b a trade or purchase discount с a service contract a term contract
In the circular flow, households supply goods and services in product market supply factors of production...
In the circular flow, households supply goods and services in product market supply factors of production in the factor market use the resources for production buy factors of production in the factor market
1525 11. Discuss the most significant factors that affect demand for goods and services. 12. What...
1525 11. Discuss the most significant factors that affect demand for goods and services. 12. What causes for a demand curve to shift to right or to left? When do we move from one point to another on a demand curve, what causes it? 13. Demonstrate graphically how a horizontal summation of individual demand curves provides a "market demand curve." 14. Discuss the most important factors/variables that affect supply of goods and services. 15. Explain the difference between moving on...
1. When the United States imports goods and services from the rest of the world we...
1. When the United States imports goods and services from the rest of the world we increase our inflation rate. we receive payments from the rest of the world (+credit). we make payments to the rest of the world (-debit) we decrease our inflation rate. 2. When we export goods to foreign countries, we decrease our inflation rate. we make payments to the rest of the world (-debit) increase our inflation rate. we receive payments from the rest of the...
Homework Chapte MATCHING Match the key terms with the descriptions. Selling land, labor, capital, and entrepreneurship...
Homework Chapte MATCHING Match the key terms with the descriptions. Selling land, labor, capital, and entrepreneurship resources. Consumer's after-tax income or take- home pay. Items that are expected to last three years or more. Items to be used up in less than three years. Activities that consumers pay somebody else to do for them. The pleasure, satisfaction, or usefulness we get from consumption. The added utility we get from consuming one more unit of a good. The sum of all...
MATCHING Match the key terms with the descriptions. Goods or services produced in another country and...
MATCHING Match the key terms with the descriptions. Goods or services produced in another country and bought in the United States. Goods or services produced in the United States and sold to someone in another country. Imports exceed exports. Exports exceed imports. Being able to produce using fewer resources Being able to produce incurring less opportunity costs. The absence of trade restrictions. A tax on imports. An absolute limit on imports of certain products. An argument for trade restrictions that...
1) Households are vital to the circular flow model in what two ways? They export goods...
1) Households are vital to the circular flow model in what two ways? They export goods and services and import goods and services. They supply factors of production and purchase goods and services. They vote for political officers and pay taxes. They facilitate exchange between consumers and firms. 2) Scarcity requires that we: change our fiscal policy until the situation of scarcity is eliminated. make decisions in order to arrange our resources rationally. adopt economic policies that will lead to...
1) T/F In the economy, income earned when producing new final goods and services must equal...
1) T/F In the economy, income earned when producing new final goods and services must equal expenditure on the new final goods and services 2) T/F Capital goods are goods that will be used in the future to produce more goods and services 3) T/F A firm produces 100 units of some good in the year 2017 but only manages to sell 90 of the units. When we calculate GDP for the year 2017 we will count the value of...
CONTEXT: Circular Flow Diagram: Represents flow of monetary transactions (money goods and services) in an economy....
CONTEXT: Circular Flow Diagram: Represents flow of monetary transactions (money goods and services) in an economy. Show how a specific series of exchanges of goods, services and payments make up the building blocks of a given economic system of interest. There should be only two economic actors in your CFD. What are these 2? Firms- Producers and Households-Consumers **QUESTION TO SOLVE --Each of these is what we call a “maximizing agent”, which means that each of them strives to maximize...
2. Match the following terms with their definitions Answers Misperceptions Theory Exchange-rate effect Interest-rate effect Sticky-Wage Theory Full-employment output Options The production of goo...
2. Match the following terms with their definitions Answers Misperceptions Theory Exchange-rate effect Interest-rate effect Sticky-Wage Theory Full-employment output Options The production of goods and services that an economy achieves in the long run when unemployment is at its normal rate a. b. The short-run aggregate supply curve slopes upward because nominal wages are slow to adjust to changing economic conditions. When a fall in the U.S. price level causes U.S. interest rates to fall, the real value of the...
25 The conditions under which a firm sells its goods and services for cash or credit a. collection policy b terms of sale с terms of endearment d credit contract 26 When a purchaser is presented with trade terms such as 2/10 net 30, we call this a. a sales discount b a trade or purchase discount с a service contract a term contract
In the circular flow, households supply goods and services in product market supply factors of production in the factor market use the resources for production buy factors of production in the factor market
1525 11. Discuss the most significant factors that affect demand for goods and services. 12. What causes for a demand curve to shift to right or to left? When do we move from one point to another on a demand curve, what causes it? 13. Demonstrate graphically how a horizontal summation of individual demand curves provides a "market demand curve." 14. Discuss the most important factors/variables that affect supply of goods and services. 15. Explain the difference between moving on...
Homework Chapte MATCHING Match the key terms with the descriptions. Selling land, labor, capital, and entrepreneurship resources. Consumer's after-tax income or take- home pay. Items that are expected to last three years or more. Items to be used up in less than three years. Activities that consumers pay somebody else to do for them. The pleasure, satisfaction, or usefulness we get from consumption. The added utility we get from consuming one more unit of a good. The sum of all...
MATCHING Match the key terms with the descriptions. Goods or services produced in another country and bought in the United States. Goods or services produced in the United States and sold to someone in another country. Imports exceed exports. Exports exceed imports. Being able to produce using fewer resources Being able to produce incurring less opportunity costs. The absence of trade restrictions. A tax on imports. An absolute limit on imports of certain products. An argument for trade restrictions that...
2. Match the following terms with their definitions Answers Misperceptions Theory Exchange-rate effect Interest-rate effect Sticky-Wage Theory Full-employment output Options The production of goods and services that an economy achieves in the long run when unemployment is at its normal rate a. b. The short-run aggregate supply curve slopes upward because nominal wages are slow to adjust to changing economic conditions. When a fall in the U.S. price level causes U.S. interest rates to fall, the real value of the...
Most questions answered within 3 hours.
-
1-Write an algorithm to get two numbers from the user (as
inputs) and calculate the sum...
asked 3 hours ago -
Define white-collar crime. What is the difference between
offender and offense-based definitions of white-collar crime? What...
asked 3 hours ago -
Consider a reaction which is 1st order with respect to A and 1st
order with respect...
asked 3 hours ago -
c++
The length of the hypotenuse of a right-angled triangle is the
square root of the...
asked 4 hours ago -
When a metal rod is heated, not only its resistance but also its
length and cross‐sectional...
asked 4 hours ago -
write a c++ program that computes the L^1 - Norm of a given
vector (L^1 norm...
asked 4 hours ago -
A manufacturer of banana chips would like to know whether its
bag filling machine works correctly...
asked 4 hours ago -
Complete the chapter case, "Turnover Analysis".
Chapter Case
Turnover Analysis
You recently completed your company’s new...
asked 4 hours ago -
What is the pH of solutions having the following H3O+
concentrations? Identify each as acidic, basic,...
asked 4 hours ago -
How does over-voltage of the diode usually occur?
asked 4 hours ago -
If you step on a dirty nail, your doctor will recommend you
update your Tetanus vaccination....
asked 4 hours ago -
Suppose that decreases in the price of milk lead to decrease s
in the retail prices...
asked 4 hours ago