When comparing the GDP of different countries, two issues immediately arise. What are these issues and how does one account for these while comparing the GDP for different countries? Provide examples and explain your answer.
In: Economics
1. An increase in the education level inside a nation would cause the:
a. long-run aggregate supply curve to shift to the right.
b. long-run aggregate supply curve to shift to the left.
c. short-run aggregate supply curve to shift to the left.
d. aggregate demand curve to shift to the right.
2. An example of a buyer in a financial market would be:
a. families buying new houses.
b. students saving for college.
c. corporations loaning money to other firm.
d. families putting money away for the future.
3. In the market for loanable funds, the supply curve:
a. represents savers.
b. is downward sloping.
c. reflects that more people will choose to save the lower is the interest rate.
d. is made up of people who want to borrow funds.
4. Mutual funds, pension plans, and life insurance policies:
a. are all forms of savings.
b. differ regarding when you can have access to the asset's worth.
c. all entrust a professional to decide which financial assets are the best for the saver to hold.
d. All of these are true.
5. In a closed economy, national savings is:
a. the sum of the savings of individuals and corporations plus the savings of the government.
b. the sum of public savings plus private savings.
c. equal to national investment.
d. All of these are true.
In: Economics
The table given below reports the marginal revenue and marginal cost of the Fortune Travel Inc. for each client. Table 12 Number of Clients Marginal Revenue Marginal Cost 1 100 $200 2 90 $100 3 80 $80 4 70 $40 5 60 $45 6 50 $50 7 40 $60 8 30 $70 9 20 $90 10 10 $120
In Table 12, assume that the total fixed cost of the Fortune Travel Inc. is zero. Compute the profit earned by the Fortune Travel Inc.with six clients. Show your work. (Show your work to earn credits. No Work, No Credit.)
In: Economics
1. Which of the following content elements should be covered in the body of the report?
A. Background
B. Analysis of action
C. Definitions
D. Report organization
E. Limitations
2. A ___________ is used to give a brief description identifying the content and purpose of a visual.
A. tag cloud
B. table
C. legend
D. chart
E. title
3. A ___________ explains what various colors, symbols, or other design choices mean, in order to help readers "decode" a visual.
A. caption
B. legend
C. title
D. chart
E. table
In: Economics
All recessions are result of output gaps.
True or False?
Explain properly.
In: Economics
Dean goes to the grocery store to buy chips and soda for a party. He purchases brand name products even though generic versions are available at lower prices. His friend John says he was irrational to spend more for a nearly identical product. His friend Martina agreed with Dean’s decision to spend more for the brand name products.
a. Refer to Scenario 4. Which friend is a critic of brand names?
b. Refer to Scenario 4. Martina offers two reasons for agreeing with Dean’s decision. What are they?
c. Refer to Scenario 4. If Dean bought the brand name because of advertising he saw for the product, a defender of advertising would say
d. Refer to Scenario 4. If advertising were banned in these markets, what would likely happen to the prices of chips and soda?
e. Assume the role of a critic of advertising. Describe the characteristics of advertising that reduce the effectiveness of markets and decrease the social welfare of society.
In: Economics
How does the microeconomic environment affect your daily life? What can you do to live a better life after completing this course?
In: Economics
If you borrow $20,000, you have to repay in equal instalments over four years. Interest Rate is 9%. What is the interest payment in the fourth year, 14.
a) 1499 b)1171 c)510 d)977 e)1406 f)814
In: Economics
What positive roles can a Monopolist play under the influence
of
Islamic spirit?
4
b) Can monopoly bring desirable solutions in societies having
an
inequitable distribution of income? Explain.
How does ‘Expected Desirable Income Hypothesis’ shape the
consumption pattern of Islamic society?
In: Economics
With considerations in its management, Conwood has made several internal changes. With supporting theories, explain the changes made, the reasons of Conwood’s market and product strategy changes, also explain the implication of these changes in short and long-term
In: Economics
what policies would you need to enact for a population or group where there is Zero Population Growth?
In: Economics
use your Sociological Imagination to answer, What would be your consequences for RPG and/or overpopulation in a group?
In: Economics
discuss the role and the function of an internal IS auditor as it pertains to the controls environment within an enterprise
In: Economics
Linked Activity I: Develop Global Awareness, Thinking, and Code of Ethics
Directions: Develop an Organizational Code of Ethics for a company you either work for a fictional company or a known company you are interested in:
In: Economics
In: Economics