36. The basic difference between government bureaus and market firms is that bureaus: a. can...
36. The basic difference between government bureaus and market firms is that bureaus:
a. can profit from a higher share price.
b. have an incentive to maximize profits.
c. are more likely to be concerned with the public interest than their own self-interest.
d. control the money supply in an economy.
e. are less concerned with satisfying consumer demand.
Homework Answers
The answer is option e- are less concerned with satisfying consumer demand.
The basic difference between government bureaus and market firms is that bureaus: are less concerned with satisfying consumer demand.
Add Answer to:
36. The basic difference between government bureaus and market
firms is that bureaus:
a. can...
A basic difference between a mixed economy and a command economy is that: (a) government owns...
A basic difference between a mixed economy and a command economy is that: (a) government owns all economic resources (b) wages paid to labor are higher in a command economy (c) free markets are never permitted in a command e (d) government planners play a much larger role in deciding what in a command economy goods will be produced in a command economy
Two firms A and B control the market for mouth guards and face a market demand...
Two firms A and B control the market for mouth guards and face a market demand curve for mouth guards given by Q = 320 − 4P where Q is the total sales of mouth guards. The short-run cost curves of the two firms are given by SRTCA = 2090 + (q2A)/4 SRTCB = 1045 + (q2B)/2 a) If the two firms agree to collude in order to maximize their joint profits, what will be output of each firm and...
please explain the reason. 10) Keynesians believe that the difference between using an increase in the...
please explain the reason.
10) Keynesians believe that the difference between using an increase in the money supply compared with an increase in government spending to increase aggregate demand in the event of a recession is that if government spending is increased, will be than if the money supply is increased. A) real interest rate; higher B) real interest rate; lower C) the price level; lower D) the price level; higher
As prices rise, a fixed money supply will be able to buy fewer goods and services....
As prices rise, a fixed money supply will be able to buy fewer goods and services. This real balance effect is due to a(n) reduction in the interest rate. Increase in aggregate demand Decline in the purchasing power of the fixed quantity of money. Increase in income. The international substitution effect exists because a Higher price level will reduce interest rates and stimulate foreign investment. Lower price level will make domestically produced goods less expensive relative to foreign goods. Higher...
In the market of cars, there are two firms operating. The Industry Demand Curve is a...
In the market of cars, there are two firms operating. The Industry Demand Curve is a function of the outputs being produced by both firms, and is given as: P = 240−(X1+X2), where X1 and X2 are the outputs of Firm 1 and Firm 2 respectively. The Total Cost faced by Firm 1 is TC1 = 20X1 and by Firm 2 is TC2 = 20X2. Each firm maximizes its own profit by choosing its own output, while taking the output...
1.The Aggregate Supply curve shows which of the following relationships: the inverse relationship between the price...
1.The Aggregate Supply curve shows which of the following relationships: the inverse relationship between the price level and real income the positive relationship between the price level for goods and domestic output the combinations of income and the interest rate for which the demand for money equals the money supply 2.When a central bank buys long-dated government securities, it is most likely trying to do which of the following? reduce consumption and borrowing to lower inflation and growth reduce the...
31. Which one of the following would not shift the aggregate demand curve? a. a change...
31. Which one of the following would not shift the aggregate demand curve? a. a change in the price level. b. Depreciation of the international value of the dollar c. A decline in the interest rate at each possible price level. d. An increase in personal income tax rates. 32. The short-run aggregate supply curve (SRAS) shows the relationship between The general level of prices and the quantity of goods and services purchased by all consumer sin the economy. b....
Answer the following questions. 1. Which of the following is a key difference between firms in...
Answer the following questions. 1. Which of the following is a key difference between firms in a perfectly competitive industry and firms in a monopolistically competitive industry? (Choose only one) a) A monopolistically competitive firm does not face entry from other firms. b) A monopolistically competitive firm does not have the exact same product as other firms. c) A monopolistically competitive firm does not choose a level of output where marginal cost is equal to marginal revenue. d) A monopolistically...
1- Consider a monopolistic market where the government has decided to implement lump-sum tax. Which of...
1- Consider a monopolistic market where the government has decided to implement lump-sum tax. Which of the following are true? Select all that apply. The monopolist loses profit. The government gains revenue. The monopolist is forced to reduce their prices. The monopolist is forced to sell less products. 2-Consider a monopolistic market where the government has decided to implement lump-sum tax. Which of the following are true? Select all that apply. The monopolist loses profit. The government gains revenue. The...
33. Which of the following statements is true of a perfectly competitive market? a. At equilibrium,...
33. Which of the following statements is true of a perfectly competitive market? a. At equilibrium, it is possible to make someone better off without making someone else worse off. b. The equilibrium price in a competitive market efficiently allocates scarce resources to participants. c. The sum of consumer surplus and producer surplus is not maximized at the equilibrium. d. The equilibrium price is determined by a few large firms in the market. 34. The concept of the invisible hand...
A basic difference between a mixed economy and a command economy is that: (a) government owns all economic resources (b) wages paid to labor are higher in a command economy (c) free markets are never permitted in a command e (d) government planners play a much larger role in deciding what in a command economy goods will be produced in a command economy
please explain the reason.
10) Keynesians believe that the difference between using an increase in the money supply compared with an increase in government spending to increase aggregate demand in the event of a recession is that if government spending is increased, will be than if the money supply is increased. A) real interest rate; higher B) real interest rate; lower C) the price level; lower D) the price level; higher
31. Which one of the following would not shift the aggregate demand curve? a. a change in the price level. b. Depreciation of the international value of the dollar c. A decline in the interest rate at each possible price level. d. An increase in personal income tax rates. 32. The short-run aggregate supply curve (SRAS) shows the relationship between The general level of prices and the quantity of goods and services purchased by all consumer sin the economy. b....
Most questions answered within 3 hours.
-
Prior to beginning work on this discussion, please read the
article by Hayley Peterson, 15 Companies...
asked 3 minutes ago -
Which pair of aqueous solutions, when mixed, will form a
precipitate?
A) NaNO3 and AgC2H3O2
B)...
asked 20 minutes ago -
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 4 hours ago -
Consider a reaction which is 1st order with respect to A and 1st
order with respect...
asked 4 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 5 hours ago -
How does over-voltage of the diode usually occur?
asked 5 hours ago