Question
In: Economics
Which of the following represents an assumption in the PPC model ? a. the economy is...
Which of the following represents an assumption in the PPC model ?
|
a. the economy is achieving full employment and full production |
||
|
b. Resources remain fixed for a given period of time |
||
|
c. Technology remains fixed for a given period of time |
||
|
d. all of the above |
Solutions
Expert Solution
Option (d) is the correct answer.
All the above given assumptions are true regarding the
production possibility curve(PPC) model.
Under PPC model the economy achieves full employment and full
production.PPC curve is used to analyze full employment and full
production in the economy.Any point on PPC will imply full
employment and full production in the economy.The option (b) given
is true because under PPC model the resources remain fixed for a
given period of time.Full employment happens in the economy when
there is full utilization of the given resources .Here the
resources refers to the capital labor used for the production.Under
PPC model quantities of resources used for the production will
remain unchanged.Option c given is also correct.Under PPC model
technology also remains fixed for a given period of time.Hence all
the options given above are true regarding the production
possibility curve model.
Rahul Sunny answered 2 years agoRelated Solutions
Which of the following is NOT a required assumption for the multiple regression model? a The...
Which of the following is NOT a required
assumption for the multiple regression model?
a
The error/randomness in attendance is independent from one game
to the next.
b
The error term has a constant variance for all possible values
of Temp, Win%, and OpWin%.
c
The relationship between Attendance and the slope/intercept
parameters is linear.
d
The variable Temp has a normal distribution.
Which of the following is NOT a required assumption for the multiple regression model? a The...
Which of the following is NOT a required
assumption for the multiple regression model?
a
The error/randomness in attendance is independent from one game
to the next.
b
The error term has a constant variance for all possible values
of Temp, Win%, and OpWin%.
c
The relationship between Attendance and the slope/intercept
parameters is linear.
d
The variable Temp has a normal distribution.
Questions1. Which one of the following is not an assumption of the competitive model? A. homogeneous...
Questions1. Which one of the following is not an assumption of
the competitive model? A. homogeneous productB. unrestricted
mobility of resourcesC. economies ofscaleD. possession of all
relevant information
2. Which of the following is an assumption for the model of
perfect competition? A. The firms in the industry produce a
homogeneous product.B. The firms in the industry actively compete
with eachother by advertising.C. There are no natural impediments
to entry, but there may be minor artificial impediments such as
licensingD....
Which of the following is NOT an assumption of the traditional economic order quantity (EOQ) model?...
Which of the following is NOT an assumption of the traditional economic order quantity (EOQ) model?
a. Holding and ordering costs are stable and known.
b. Demand is constant and known.
c. Supply lead time is constant and known.
d. Quantity discounts are possible.
Kim’s Nail Salon uses a weighted moving average method to forecast demand. She assigns a weight of 5 to the previous month’s demand, 3 to demand two months ago, and 2 to demand three months ago....
Which of the following is NOT an assumption of the Industrial Organization, or I/O, model? Organizational...
Which of the following is NOT an
assumption of the Industrial Organization, or I/O,
model?
Organizational decision makers are rational and committed to
acting in the firm’s best interests.
Resources to implement strategies are not highly mobile across
firms.
The external environment is assumed to impose pressures and
constraints that determine the strategies that result in superior
performance.
Firms in given industries, or given industry segments, are
assumed to control similar strategically relevant resources.
Which of the following is not an assumption made by the dynamic model of aggregate demand and aggregate supply?
Which of the following is not an assumption made by the dynamic model of aggregate demand and aggregate supply? Potential real GDP increases continuously. Aggregate demand shifts to the right during most periods. The short-run aggregate supply curve shifts to the right except during periods when workers and firms expect higher wages. Aggregate demand and potential real GDP decrease continuously.
which of the following is not a valid assumption of the M&M model? a.Homogeneous expectations b.imperfect...
which of the following is not a valid assumption of the M&M
model?
a.Homogeneous expectations
b.imperfect capital markets
c.homogeneous business risk class
if the correlation between two stocks is -1 the return on the
stocks:
a.are unrelated to one another
b.totally offset each other producing a rate of return of
zero
c. move perfectly opposite to one another
. Consider the following model of an economy with no international trade, and in which the...
.
Consider the following model of an economy with no international
trade, and in which the price level is fixed:
C = 70 + (11/12)∙DI
I = 20
G = 30
Taxes = (1/11)∙GDP
where C is consumption demand, DI is disposable income, I is
planned investment, G is government purchases, and all whole
numbers are in billions of dollars.
a.
Determine the equilibrium level of production (GDP) in this economy
(show your work), and draw...
Which of the following represents an important difference between the United States and a socialist economy?...
Which of the following represents an important
difference between the United States and a socialist
economy?
In the U.S., most forms of capital are available to private
ownership; in a socialist system, they are generally not.
In a socialist system, the government conducts extensive
research activities; in the U.S., it does not.
The U.S. is an example of pure capitalism; a socialist system
is an example of mixed capitalism.
In a socialist system, the government decides how much of each...
In the open economy macroeconomic model, which of the following is included in the supply of...
In the open economy macroeconomic model, which of the following
is included in the supply of U.S. dollars in the market for
foreign-currency?
(x) Nebraska Life, a U.S. life insurance company, wants to buy a
Japanese government bond.
(y) ABC Securities, a U.S. stock brokerage, wants to purchase stock
issued by a French corporation.
(z) Tony, a U.S. citizen, wants to hold more currency in case of
emergencies.
A. (x), (y) and (z) B. (x) and (y) only
C. (x)...
ADVERTISEMENT
ADVERTISEMENT
Latest Questions
- The legal landscape is perpetually changing. Psychologists must remain abreast of these changes to avoid potentially...
- We are evaluating a project that costs $1.68 million, has a six-year life, and has no...
- In C++ Having call-by-reference allows one to use storeback parameters, i.e., parameters whose values are transmitted...
- You must evaluate a proposal to buy a new milling machine. The base price is $175,000,...
- “Triangle Guessing” game in Python The program accepts the lengths of three (3) sides of a...
- THIS PROGRAM HAS TO BE WRITTEN IN C Single function to perform the parity computation on...
- Consider a buffer system consisting of Benzoic acid (pKa = 4.20) and sodium benzoate, a) Would...
ADVERTISEMENT