Homework Answers
The correct answer is option 5
Explanation:- Event 3 will increase the equilibrium quantity of labor because an increase in wages will attract more workers to work thereby increasing the quantity supplied of labor. Event 5 i.e migration also increase equilibrium quantity of labor as more workers are added to the country's workforce. Event 4 i.e the scientific breakthrough doubling the output will decrease the equilibrium quantity of labor because machines will replace humans thereby reducing the number of workers employed.
Add Answer to:
Time Remaining Th Event 1 The Middle East cuts supplies of oil to the United States...
In 1973 Arab countries imposed an oil embargo on the United States and other developed countries...
In 1973 Arab countries imposed an oil embargo on the United States and other developed countries in the aftermath of the Yom Kippur war. At the same time improved infrastructure and increased income was altering consumer preferences in favor of automobiles over public transportation. If you were drawing a supply and demand graph to illustrate the change in the gasoline market in 1973-1974, what would you say has happened to the supply and demand curves and the equilibrium price and...
1) Suppose interest rates rise in the United States, but they don't rise in other nations....
1) Suppose interest rates rise in the United States, but they don't rise in other nations. As a result of this change, which of the following is true? I. The demand for the U.S. dollar will increase II. The demand for the U.S. dollar will decrease III. U.S. exports will decrease as a result of the changing value of the U.S. dollar. IV. U.S. exports will increase as a result of the changing value of the U.S. dollar. a) I...
Elure A Figure Q, Q, Quantity Q, Quantity Refer to the figures. Which of the following...
Elure A Figure Q, Q, Quantity Q, Quantity Refer to the figures. Which of the following events would most likely result in inflation? Multiple Choice O C) a shift from D2 to Din Figure A O U a shift from D2 to D3 in Figure B O a shift from D2 to Din Figure B Prev 1 of 50 Next > * að n 00 In situations of sticky prices and negative demand shocks, we would expect firms to Multiple...
Name: e xemSon Port I: 30 Multiple Choice Questions (One point for each correct answer) 1....
Name: e xemSon Port I: 30 Multiple Choice Questions (One point for each correct answer) 1. A mathematical expression relating the amount of output produced to quantities of capital and labor utilized is the production function. Suppose the economy's production function is Y- 75x N xK, where K- 1000 and N 20, what happens if both inputs K and N are tripled? a. Y doubles. b. Y triples. c. Y quadruples d. Y is unchanged. 2. An adverse supply shock...
Hello can someone please help me with this queshtion its 3 time I post this please....
Hello can someone please help me with this queshtion its 3 time
I post this please. The queshtion is in the buttom. Im really
confused from what to choose I have been second guessing
myself.
The Economics of Immigration
Paul Krugman
In 1970, only 5% of U.S. workers had been born abroad. By 2016,
however, 17% of American workers had immigrated to the United
States, both legally and illegally. (1)
Figure 1: Percentage of U.S. labor force that is
foreign-born...
For questions 1 to 20 indicate whether each of the statements is TRUE or FALSE. (20...
For questions 1 to 20 indicate whether each of the statements is TRUE or FALSE. (20 marks) 1. A demand curve is downward sloping because as the price of a good falls, consumers will substitute some other good for that good whose price has fallen. 2. An improvement in the technology for producing Gari will shift the supply curve for Gari to the left. 3. The minimum wage is an example ofa price floor. 4. Ifthe price ofa good goes...
Edward Allen Interiors Inc. is a leading manufacturer and retailer of home furnishings in the United...
Edward Allen Interiors Inc. is a leading manufacturer and
retailer of home furnishings in the United States and abroad. The
following is adapted from Edward Allen’s September 30, 2016, trial
balance. (The amounts shown represent millions of dollars.)
Accounts Payable
$
147
Accounts Receivable
33
Cash
146
Common Stock
36
Equipment
390
Inventory
182
Notes Payable (long-term)
250
Notes Payable (short-term)
2
Prepaid Rent
38
Retained Earnings
401
Salaries and Wages Payable
43
Software
90
Assume that the following events...
lil Quantity ultimately decreases [Q'to Q'l (i] Price is ultimately indeterminate [P ?: the...
lil Quantity ultimately decreases [Q'to Q'l (i] Price is ultimately indeterminate [P ?: the magnitude of the curve shifts determine whether price increases, decreases, or remains the same-while the diagram illustrates "equal" curve shifts, the context of the question provides insufficient information to determine the actual shift magnitudes]. la] Lumber market in North America "New house construction slows significantly in the United States. At the same time, changes in international trade agreements result in greater lumber imports into North America."...
MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1)...
MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) The LM curve represents A) the single level of output where the goods market is in equilibrium. B) the combinations of output and the interest rate where the goods market is in equilibrium. C) the single level of output where financial markets are in equilibrium. D) the combinations of output and the interest rate where the money market is in equilibrium. E) none of...
In 1973 Arab countries imposed an oil embargo on the United States and other developed countries in the aftermath of the Yom Kippur war. At the same time improved infrastructure and increased income was altering consumer preferences in favor of automobiles over public transportation. If you were drawing a supply and demand graph to illustrate the change in the gasoline market in 1973-1974, what would you say has happened to the supply and demand curves and the equilibrium price and...
Elure A Figure Q, Q, Quantity Q, Quantity Refer to the figures. Which of the following events would most likely result in inflation? Multiple Choice O C) a shift from D2 to Din Figure A O U a shift from D2 to D3 in Figure B O a shift from D2 to Din Figure B Prev 1 of 50 Next > * að n 00 In situations of sticky prices and negative demand shocks, we would expect firms to Multiple...
Name: e xemSon Port I: 30 Multiple Choice Questions (One point for each correct answer) 1. A mathematical expression relating the amount of output produced to quantities of capital and labor utilized is the production function. Suppose the economy's production function is Y- 75x N xK, where K- 1000 and N 20, what happens if both inputs K and N are tripled? a. Y doubles. b. Y triples. c. Y quadruples d. Y is unchanged. 2. An adverse supply shock...
Hello can someone please help me with this queshtion its 3 time
I post this please. The queshtion is in the buttom. Im really
confused from what to choose I have been second guessing
myself.
The Economics of Immigration
Paul Krugman
In 1970, only 5% of U.S. workers had been born abroad. By 2016,
however, 17% of American workers had immigrated to the United
States, both legally and illegally. (1)
Figure 1: Percentage of U.S. labor force that is
foreign-born...
Edward Allen Interiors Inc. is a leading manufacturer and
retailer of home furnishings in the United States and abroad. The
following is adapted from Edward Allen’s September 30, 2016, trial
balance. (The amounts shown represent millions of dollars.)
Accounts Payable
$
147
Accounts Receivable
33
Cash
146
Common Stock
36
Equipment
390
Inventory
182
Notes Payable (long-term)
250
Notes Payable (short-term)
2
Prepaid Rent
38
Retained Earnings
401
Salaries and Wages Payable
43
Software
90
Assume that the following events...
lil Quantity ultimately decreases [Q'to Q'l (i] Price is ultimately indeterminate [P ?: the magnitude of the curve shifts determine whether price increases, decreases, or remains the same-while the diagram illustrates "equal" curve shifts, the context of the question provides insufficient information to determine the actual shift magnitudes]. la] Lumber market in North America "New house construction slows significantly in the United States. At the same time, changes in international trade agreements result in greater lumber imports into North America."...
Most questions answered within 3 hours.
-
26) Briefly describe, using words or simple diagrams, the
chemiosmotic theory for coupling oxidation to phosphorylation...
asked 12 minutes ago -
Suppose that XX is a random variable with mean 16 and standard
deviation 5 . Also...
asked 1 hour ago -
Calculate the number density of argon gas at a temperature of
24C and a pressure of...
asked 4 hours ago -
Alternative
Classification
How to Estimate
Probabilities from Data? ( For continuous Attributes)
And How to generate...
asked 4 hours ago -
An explosion breaks a 20.0-kg object into three parts. The
object is initially moving at a...
asked 5 hours ago -
Calculate the approximate number of residues of Rubisco, which
is involved in carbon fixation in plants,...
asked 6 hours ago -
Other decisions about scientific claims can have a much broader
impact.ENERGYarrow-10x10.png, environment, health, security - all...
asked 7 hours ago -
I need to write a research paper and work cited about this
topic: The United States...
asked 7 hours ago -
Hello! I was wondering if I could have some help?
If the vapor pressure of carvone...
asked 7 hours ago -
An economist wants to estimate the mean per capita income (in
thousands of dollars) for a...
asked 8 hours ago -
What would be the input/output characteristic of a circuit
obtained by putting two of your 2's-complementers...
asked 8 hours ago -
In Drosophila, the transition from the syncytial blastoderm
stage to the cellular blastoderm stage is a...
asked 8 hours ago