Homework Answers
Option B. International trade. Primary determinants of the number of jobs in a nation in the long run includes macroeconomic policies, labour market policies and age and size of the population. International trade is not a primary determinant of the number of jobs in a nation in the long run. |
Option B. International trade. Primary determinants of the number of jobs in a nation in the long run includes macroeconomic policies, labour market policies and age and size of the population. International trade is not a primary determinant of the number of jobs in a nation in the long run. |
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of the number of jobs in a nation in the long run? Which of the following...
It is graduation time in a small island nation. There are a total number of 17,688...
It is graduation time in a small island nation. There are a total number of 17,688 graduating from college and are actively looking for work. The college graduates are not included in the current employment measures for the country, which are given in the table. Answer the related questions taking into account the college graduates and the information in the table. Number of employed Number of unemployed Total population over age 16 335,915 15,483 415,999 What is the size of...
Most economists use the aggregate demand and aggregate supply model primarily to analyze which of the...
Most economists use the aggregate demand and aggregate supply model primarily to analyze which of the following? Select one: a. productivity and economic growth O b. short-run fluctuations in the economy O C. the effects of macroeconomic policy on the prices of individual goods d. the long-run effects of international trade policies > In which situation would the long-run aggregate- supply curve shift left? Select one: a. if there is a hurricane O b. if the capital stock increases c....
The table below shows labor market statistics for a nation. 3 million Number of Workers Structurally...
The table below shows labor market statistics for a nation. Number of Workers Structurally Unemployed Number of Workers Cyclically Unemployed Number of Workers Frictionally Unemployed Number of Workers Officially Classified as Employed Working-age Population What is the nation's unemployment rate?Which of the following unemployed individuals represents frictional unemployment? (A) Marissa, a full-time student who plays on the school's soccer team. (B) Janet, an accounting graduate who is interviewing with a number of accounting firms. (C)Sameer, a retired faculty member who volunteers at the local hospital. (D) Jeremy, a customer service...
Related to Application: The Short-Run and Long-Run Elasticity of Supply of Coffee Short Run vs. Long...
Related to Application: The Short-Run and Long-Run Elasticity of Supply of Coffee Short Run vs. Long Run in the Pear Market. Suppose in the production of pears, the short-run supply elasticity is 0.25, while the long-run supply elasticity is 3.60. In the short run, a 20.00% increase in the price of pears will cause the quantity supplied of pears to O A. fall by 3.50 percent. O B. fall by 5.00 percent. O C. rise by 3.50 percent. OD. rise...
Which of the following statements is accurate? Select the correct answer below: A. when the long-run...
Which of the following statements is
accurate?
Select the correct answer below:
A. when the long-run average cost (LRAC)
decreases as output increases, a firm is experiencing diseconomies
of scale.
B. when the long-run average cost (LRAC)
increases as output increases, a firm is experiencing diseconomies
of scale.
C. when the long-run average cost (LRAC)
increases as output increases, a firm is experiencing economies of
scale.
D. when the long-run average cost (LRAC)
decreases as output increases, a firm is...
Which of the following is NOT one of the possible benefits for a country that participates...
Which of the following is NOT one of the possible benefits for a country that participates in international trading? OA May bring in needed capital OB. Causes hyper-inflation OC. Creates jobs and raises wages OD. May bring in technology and skills Adam Smith believed that OA market forces should determine trade flows OB countries should produce most goods themselves and trade as little as possible O international trade should be restricted by tariffs and quotas OD governments should determine trade...
Question 16 Which of the following are determinants of the long-run supply of goods and services?...
Question 16 Which of the following are determinants of the long-run supply of goods and services? 1. Natural resources II. Technology III. The price level IV. The quantity of labor V. The money supply O a. I, II, III, IV, and v O b. I, II, and IV only OC. I, II, IV, and V only d. I and I only
Long run aggregate supply is the relationship between the quantity of real GDP supplied and the...
Long run aggregate supply is the relationship between the quantity of real GDP supplied and the price level when the maintain full employment changes in step with the price level to O A. money wage rate OB. quantity of money OC. real wage rate OD. interest rate supplied and the when the money wage rate, the prices of other resources and Short run aggregate supply is the relationship between the quantity of potential GDP remain constant O A real GDP...
A market is in long-run equilibrium and firms in this market have identical cost structures. Suppose...
A market is in long-run equilibrium and firms in this market have identical cost structures. Suppose demand in this market decreases. Which of the following are correct descriptions of what happens to the individual firms and the whole market as the market first leaves and then returns to long-run equilibrium? Instructions: You may select more than one answer. Click the box with a check mark for correct answers and click to empty the box for the wrong answers. 3 Market...
14. Which of these assumptions is often realistic in the long run? A firm can vary...
14. Which of these assumptions is often realistic in the long run? A firm can vary A. the number of workers it employs, but not the size of its factory. B. the size of its factory, but not the number of workers it employs. C. both the size of its factory and the number of workers it employs. D. neither the size of its factory nor the number of workers it employs. 15. Which of the following statements is (are)...
It is graduation time in a small island nation. There are a total number of 17,688 graduating from college and are actively looking for work. The college graduates are not included in the current employment measures for the country, which are given in the table. Answer the related questions taking into account the college graduates and the information in the table. Number of employed Number of unemployed Total population over age 16 335,915 15,483 415,999 What is the size of...
Most economists use the aggregate demand and aggregate supply model primarily to analyze which of the following? Select one: a. productivity and economic growth O b. short-run fluctuations in the economy O C. the effects of macroeconomic policy on the prices of individual goods d. the long-run effects of international trade policies > In which situation would the long-run aggregate- supply curve shift left? Select one: a. if there is a hurricane O b. if the capital stock increases c....
The table below shows labor market statistics for a nation. Number of Workers Structurally Unemployed Number of Workers Cyclically Unemployed Number of Workers Frictionally Unemployed Number of Workers Officially Classified as Employed Working-age Population What is the nation's unemployment rate?Which of the following unemployed individuals represents frictional unemployment? (A) Marissa, a full-time student who plays on the school's soccer team. (B) Janet, an accounting graduate who is interviewing with a number of accounting firms. (C)Sameer, a retired faculty member who volunteers at the local hospital. (D) Jeremy, a customer service...
Related to Application: The Short-Run and Long-Run Elasticity of Supply of Coffee Short Run vs. Long Run in the Pear Market. Suppose in the production of pears, the short-run supply elasticity is 0.25, while the long-run supply elasticity is 3.60. In the short run, a 20.00% increase in the price of pears will cause the quantity supplied of pears to O A. fall by 3.50 percent. O B. fall by 5.00 percent. O C. rise by 3.50 percent. OD. rise...
Which of the following statements is
accurate?
Select the correct answer below:
A. when the long-run average cost (LRAC)
decreases as output increases, a firm is experiencing diseconomies
of scale.
B. when the long-run average cost (LRAC)
increases as output increases, a firm is experiencing diseconomies
of scale.
C. when the long-run average cost (LRAC)
increases as output increases, a firm is experiencing economies of
scale.
D. when the long-run average cost (LRAC)
decreases as output increases, a firm is...
Which of the following is NOT one of the possible benefits for a country that participates in international trading? OA May bring in needed capital OB. Causes hyper-inflation OC. Creates jobs and raises wages OD. May bring in technology and skills Adam Smith believed that OA market forces should determine trade flows OB countries should produce most goods themselves and trade as little as possible O international trade should be restricted by tariffs and quotas OD governments should determine trade...
Question 16 Which of the following are determinants of the long-run supply of goods and services? 1. Natural resources II. Technology III. The price level IV. The quantity of labor V. The money supply O a. I, II, III, IV, and v O b. I, II, and IV only OC. I, II, IV, and V only d. I and I only
Long run aggregate supply is the relationship between the quantity of real GDP supplied and the price level when the maintain full employment changes in step with the price level to O A. money wage rate OB. quantity of money OC. real wage rate OD. interest rate supplied and the when the money wage rate, the prices of other resources and Short run aggregate supply is the relationship between the quantity of potential GDP remain constant O A real GDP...
A market is in long-run equilibrium and firms in this market have identical cost structures. Suppose demand in this market decreases. Which of the following are correct descriptions of what happens to the individual firms and the whole market as the market first leaves and then returns to long-run equilibrium? Instructions: You may select more than one answer. Click the box with a check mark for correct answers and click to empty the box for the wrong answers. 3 Market...
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