A balanced budget occurs when government a. outlays exceeds tax revenues. b. tax revenues exceeds outlays. c. tax revenues equals outlays. d. expenditure is zero.
Q: Use the table to answer the questions. u = unemployment rate, u* = natural rate of unemployment, Y =...
A: please find the answer below.
Q: The price elasticity of demand measures which of the following? A) how responsive the quantity deman...
A: Enterprise is carried out by entrepreneur and therefore enterprise would be occupationally mobile if...
Q: Acrosonic's production department estimates that the total cost (in dollars) Incurred in manufacturi...
A: Given : C ( x) = 290 x + 18000 R (x) = - 0.04x2 + 800 x
Q: As a result of financial innovation, which of the following is TRUE? I. Variable interest rate mortg...
A: Answer-
Q: The amount $101 is available to be paid out to two players. The players must make simultaneous claim...
A: Nash equilibrium is an idea in game theory where each member in a noncooperative game can streamline...
Q: Draw the circular flow model and in your own words, discuss the operation of capitalism.
A: The circular flow of income refers to that model of the economy in which the exchanges are represent...
Q: 2. Externality. The table below lists the expected daily benefits between a resident that owns a tre...
A: There are two agents : Homeowner & Neighbor Benefit matrix is following : Homeowner Neighb...
Q: 1) What should be the selling price per unit, if the break-even point should be brought down to 10,0...
A: Disclaimer :- as you posted multiple questions we are supposed to solve only the first one as per g...
Q: Modernizing values of developed nations, many societies in developing countries suffer from serious ...
A: ECONOMIC development means the overall growth of people . As a result, development must be viewed as...
Q: 21. If the first one offers to lend him #10,000 payable after one year, how much money will he pay i...
A: "Since you have asked multiple questions, we will solve first question for you .. If you want any sp...
Q: Identify which of the following would be included in GDP as calculated by the final goods and servic...
A: Gross domestic product(GDP) measures the money value of all final goods and services produced in an ...
Q: The second group of students attributes the increase in the price of pizzas to the increase in the p...
A: When left to the self-adjusting market forces of demand and supply, an equilibrium level of quantity...
Q: In Michael Porter's Diaond Model of National Advantage, having the most competitive investment banks...
A: The Michael Porter's Diamond Model is the model ot approach to understand the competitive advantage ...
Q: Determine the effective rates of interest for the following nominal rates of interest: a.) 9% compou...
A: The formula for calculating effective rate of interest is r = (1 + i/n)n - 1 where, r is effective r...
Q: Provide example on how individuals may get finding from the capital markets?
A: Capital market is the market where long term funds are raised by individuals , firms , companies . I...
Q: ) The 1-year bond yield is currently at 0.5% and the 2-year bond yield is 1%. Inflation is expected ...
A: As per the guidelines I have to give 1 answer at a time. A security's yield is the re-visitation of ...
Q: f the marginal rate of outcome. optimal point in d), your n why the impact of this cha n historical ...
A: *Answer: *D The microeconomic theory of utility maximisation can also be applied in determination o...
Q: The cross-price elasticity of demand for peanut butter with respect to the price of jelly is - 0.3. ...
A: If population is more there would be more quantity of skilled as well as unskilled workers. If more ...
Q: Suppose that the reserve requirement for checking deposits is 10 percent and that banks do not have ...
A: Answer: Given, Reserve requirement (rr) = 10% or 0.1 If the Fed sells 1 million government bonds th...
Q: raw material costs rise the average revenue curve will: A) remain in the same place. B) shift to the...
A: Price has an indirect relationship with quantity demanded.
Q: Remember to illustrate diagramatically for some of these parts! 6. Assume you can work as many hour...
A: "Since you have posted a question with multiple subparts,we will solve first three subparts for you....
Q: 2. Shont nun osf funchion 4 a penfeetly Competitive tinm is, CcQ = Q3 - 45Q71000 Q +800 find the amo...
A: Profit Function (π) = TR - TC where, TR is total revenue TC is total cost and TR = P * Q
Q: Which of the following are true regarding the law of diminishing marginal utility? The more a person...
A: The marginal utility derived from each additional unit decreases as consumption increases, according...
Q: student plans to deposit P1, 500 in a bank now and another P3, 000 for the next two years. If he pla...
A: Amount after n years is written as : A = P(1+r)n Here, A = amount after n years, P = Value deposited...
Q: The poem Construction (2008) by Aoife Mannix is effective in painting a clear picture of the negativ...
A: Globalization: Globalization is a term used to portray how exchange and innovation have made the wor...
Q: How did Europe's Industrial Revolution contribute to the Age of Imperialism? Select THREE answers th...
A: When talking about European Industrial Revolution, it was the situation when European countries were...
Q: The production function is y = (L^0.5)(C^0.5), this technology exhibits constant returns to scale. T...
A: Production function can exhibit constant returns to scale, decreasing returns to scale or increasing...
Q: )The market for N-95 masks is perfectly competitive. Market Demand is given by Q=306-2P and Market S...
A: Given: market demand: Q=306-2P market supply; Q=3P.
Q: Q: What contributed to the growth in business in the 1920's? Select one: a. the Federal Reserve kept...
A: Economic growth is the objective of each and every country. It refers to the consistent rise in GDP ...
Q: Price of candy New price of Price of ice cream cones = 5.00 2.50 candy = $ 1.25 Quantity of Ice Crea...
A: When price of ice cream cone is $5.00 Price of candy is $2.5 Then the optimum consumption will occur...
Q: The demand function for Z products sold by the Company Directly Is as follows in the figure with p ...
A: Given Equation of demand function for Z product p=q2-100q+3200 ... (1)
Q: your opinion, which economic indicator, nominal GDP, real GDP, or inflation, do you believe provide...
A: Real GDP provides a clearer picture of the state of the economy than nominal GDP and inflation.
Q: Even though the US economy is only about 15% of global GDP, US banks earn 60-70% of global banking f...
A: With massive technological budgets and equity market dominance, America's largest financial institut...
Q: a) Suppose the two countries engage in international trade, and that the international relative pric...
A: Answer a).
Q: For each of the following statements, illustrate the effect of each event on the market for red sna...
A: The equilibrium price is the only price at which the plans of consumers and producers coincide—that ...
Q: The economics and politics of multilateral agreements. Discuss
A: Multilateral trade agreements have important political drivers and foundations, although being large...
Q: 1) What's the opportunity cost of a typical college education? What's your personal opportunity cost...
A: "Since you have posted a question with multiple sub-parts,we will solve first three sub-parts for ...
Q: ove lyer 3. chooses a number r; in the range 1 < r; < 2. The payoff functions are
A: In Game Theory a strategy is called dominant strategy for a player if it result in the best payoff (...
Q: A populous country's total greenhouse gas emissions may be relatively large even if its per capita e...
A: Due to High population country the economic activities of economy is also high which lead to high em...
Q: Instructions: Round your responses to the nearest billion, If you are entering any negative numbers ...
A: The given table gives information about the nominal GDP and GDP deflator for year 2000 to 2019.
Q: Suppose that a high school student is preparing to take the SAT exam. Explain why his or her eventua...
A: It's a variable whose values are determined by the results of a random event. Random variable, rando...
Q: Differentiate exploratory research and specific research in your own words
A: Economists gave their findings and theories based on a research that they make using specfiic inform...
Q: Question 13 The use of theory and observation is more difficult in economics than in sciences such a...
A: * ANSWER :- (13) From the given information the answer is provided as below As per guidelines I a...
Q: . If a carbon-offset project is already profitable, is it ethical to provide credits over and above ...
A: The projects that are based in developing countries that are being designed to reduce emissions in t...
Q: The Fed is very concerned about the stability of financial markets. When individuals and firms are c...
A: Introduction: Financial markets, in general, refer to any marketplace where securities are traded, s...
Q: Who formed the first unions? a employers who wanted to solve grievances among their employees ...
A: A labour or trade union is a group of workers dedicated to safeguarding the interests of their membe...
Q: 2) Consider a Cournot duopoly, where each firm has a marginal cost MC = 80, and the total market dem...
A: Here we calculate the followings terms by using the given demand function in duopoly market , so the...
Q: A project requires an initial investment of 47,000 dollars. The instream cashflow is 800 dollars per...
A: Note - Payback period ignores the time value of money but it is being considered when when "discount...
Q: There will be a downward movement along the supply curve. There will be an upward movement along the...
A: There is positive relationship between supply curve and the price of the good. As the the price of t...
Q: READ the following statements about globalization and discuss the key concepts in each. What do you ...
A: Globalization is described as the spread of technology, products, jobs, and information across count...
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
- When government increases a fixed tax, consumption schedule a. shifts downward in a parallel manner. b. shifts upward in a parallel manner. c. becomes vertical. d. becomes horizontal.Which of the following statements about state budget is wrong? a. Budget may be annual or biennial b. About half of the states have dual budget system - operating budget and capital budget c. Most operate under the balanced budget requirement d. All governors have item veto powerDefine government budget in not more than 3 lines
- An amendment to the Texas Constitution requires a balanced budget. This means that _____. A. any increase in government spending must be offset by a decrease in the total funds allocated to the General Revenue budget B. the legislature cannot approve a budget if it exceeds the projected revenues for the state by more than 30 percent C. the legislature cannot approve a budget if it exceeds the projected revenues for the state by more than 10 percent D. any increase in government spending must be offset by an increase in revenue and/or cuts in spending elsewhere in the budgeti) Calculate total government expenditures. ii)Calculate total government spending. iii)Is the government running a surplus, deficit, or a balanced budget?In an economy, the budgetary deficit is of $30,000 The total receipts are $14,000 Calculate the value of Total expenditure
- Restaurant meals and vacation hotels expenditures are examples of ______A. consumptionB. investmentC. government spendingD. taxationDo you agree or disagree with this statement: “It is in the best interest ofoureconomy forCongress and the President to run a balanced budget each year.” Explain your answer.Fiscal stance refers to: Select one: A. A government that takes a tough stance when it comes to running the country’s finances B. A government that is running a budget deficit C. A government that is running a budget surplus D. Whether a government is pursuing an expansionary or contractionary fiscal policy
- An example of a fiscal policy designed to increase real GDP is a. a cut in taxes. b. an increase in taxes. c. a decrease in government expenditure. d. None of these answers is correct.In the context of fiscal policy, what is a budget surplus? A. Government spending exceeds government revenue B. Government revenue exceeds government spending C. Government spending is equal to government revenue D. Government debt is reduced to zeroWhen the total revenues in the federal government are greater than the total expenses in a given year, the budget: A. is balanced. B. has a profit. C. has a deficit. D. has a surplus.