In what ways does franchising contribute to an overall economy?

Q: what is net economic position?

A: Net economic position refers to the net financial position of the company where the overall monetary…

Q: what is micro?

A: Economics is the study of choices in the case of scarcity that means some decisions are made such as…

Q: What are the three economic sectors? Provide explanations and examples for each. How does the United…

A: Economics as a subject deals with the allocation, production and optimization of scarce resources…

Q: How does an increase in labor-productivity increase income? a. An increase in productivity,…

A: The labor market illustrates how the interaction between the employers and the employees determines…

Q: During the 1980s, 1990s, and the first decade of the 20th century, the United States experienced a…

A: The markets of various factors are interrelated. Change in one affects the other.…

Q: In macroeconomics, the connection from inputs to outputs forthe entire economy is called…

A: A production function shows the technical relationship between the number of inputs that a firm uses…

Q: An increase of 50 per cent in the cost of a certain consumable product raises the cost of living of…

A: The consumer price index (CPI) is used to measure the weighted basket of goods and services that a…

Q: The following diagram represents an economy in which total factor productivity z increases. PPF2 PPF…

A: Gross domestic product (GDP): - GDP is the market value of all final goods and services produced in…

Q: The main reason the cost of living varies acrossregions of the country is differences in the price…

A: The cost of living refers to the required amount of money to meet the basic expenses of a family…

Q: 4. So a friend, a non econ friend, looks at your answers in e) above and asks you: Why are your…

A: The real wage is derived from two terms, which are nominal wage and inflation rate.

Q: There are interactions between the product market and the labour market. i) If household expenditure…

A: The market in which goods and services are sold, is product market. The market in which labor hours…

Q: What is measured by how many goods and services a worker produces in an hour? O gross domestic…

A: Meaning of Factors of Production: The term factors of production refer to the situation under…

Q: Which is not a factor of production?  Money Land Labor Capital

A: The factors of production are factors inputs and resources that are used to create the final…

Q: im taking a macroeconomics course and we are working on free graphs I need some help writing a…

A: Real GDP is the worth of goods and services generated by an economy in a given period that has been…

Q: consumption per worker is increasing.

A: In the Solow growth model, steady state level is achieved when the investment and the depreciation…

Q: Is the purchase of equipment or machinery a part of consumption or investment?

A: Economics is the study of how the scarce resources of society are exploited. Economics is a social…

Q: What is differance between three sector ecnomoy and four sector ecnomoy

A: The three-sector economy involves three sectors namely: households business, and government .The…

Q: Describe the service economy briefly, and the nine supersectors.

A: According to the United States Census Bureau, the service sector produces intangible goods, more…

Q: In the circular-flow diagram, which of the following do firms NOT do?   a. use factors of production…

A: In the circular-flow diagram, the following are done by the firms :a)The firm uses factors of…

Q: Is the purchase of equipment or machinery a part of consumption or investment? Why?

A: The concept of allocation of money with having an expectation in the future of a positive return or…

Q: Explain why Karl Marx said that even if the wage increases, it will still go back to its subsistence…

A: Subsistence wages are the wages that enable a worker to fulfill his or her basic needs. Subsistence…

Q: What is the difference between the rental price and the purchase price of capital?

A: In economics, the rental price (rk) of capital refers to the opportunity cost of hiring capital.…

Q: What impact does technological change have on the economy?

A: Economic growth has three main indicators technological advances, capital accumulation, and increase…

Q: How to classify goods as consumption goods and capital goods? Is there any specific way to do so?

A: If the good is capable of satisfying the human wants directly then it is referred to be as…

Q: How do you think the U.S. economy will change as we move closer to a technology-driven service…

A: U.S economy is allready at a development stage.It is a developed country.It has become master in…

Q: Which of the following is most likely a topic of discussion in microeconomics? a)an increase in the…

A: Economics is the study of how scarce resources are utilized by individuals, societies, and nations…

Q: Briefly describe what economists do and their typical working conditions.

A: The economists deal with the issues related to a nation’s economy. The various functions of an…

Q: what are the factors that contribute to econmic grow

A: Economic growth is the quantity aspect of the economy. An economy's growth is directly related to…

Q: How does economic activities help the economic cycle? explain.

A: The term "economic cycle" refers to the economy's swings between expansion and contraction. The…

Q: Explain whether each of the following is labor. Capital, or a natural resource. A)an unemployed…

A: There are three factors of production: Labor : It is the effort put by human which is applied to…

Q: Does owning new clothes, shoes and the latest electronics mean that someone is rich? Explain.

A: We are going to discuss the scope and approach to test hypothesis mentioned in the question.

Q: Fill in the missing values in the table below.

A: Real gdp= Nominal gdp/ price index Nominal gdp =Real gdp× price index Price index = Nominal gdp/Real…

Q: How do you see the trade-off between the economy and theenvironment? Which is more important? Is it…

A: A situational decision involving diminishing or losing of one quantity, quality, or property of a…

Q: In a market economy, Oa. households decide which firms to work for and what to buy with their…

A: An economy describes the ideology of the citizens who lived within the geographical boundaries. It…

Q: Which of the following is NOT accounted in the expenditure approach? a. Food b. Furniture c. Used…

A: GDP is the value of all final goods and services produced in an economy over a period of time. There…

Q: oods and Services are exchanged and used As Final Consumption For Investment As Inputs in the…

A: Answer is given below

Q: What are the three economic sectors? Provide explanations and examples for each. How does the United…

A: Economics as a subject deals with the allocation, production and optimization of scarce resources…

Q: Explain how households and firms interact in the factor market and in the product market

A: Market: It is an arrangement between buyers and sellers for exchanging goods and services for money.…

Q: In the long run, what happens to consumption in the economy when people are saving less?

A: Saving is vital for economic growth. As saving acts as supply of loanable funds. The funds that are…