Money facilitates trade because it:____________________________- A.does not require a double coincidence of wants among individuals. B.requires a double coincidence of wants among individuals. C.does not require a medium of exchange. D.requires to carry other goods around for barter.
Q: Suppose government spending increases. True or False: The effect on aggregate demand would be larger…
A: When government spending increases, it directly boosts aggregate demand in the economy. If the…
Q: please answer in text form and in proper format answer with must explanation , calculation for each…
A: Presented above is the regression analysis on tye relationship between Geriatric Depression Scale…
Q: No answer from Chat GPT will downvote from 7 accounts I m serious person Give explanation of the…
A: Microeconomics primarily examines the behaviors of individual actors like households, firms, and…
Q: please answer in text form and in proper format answer with must explanation , calculation for each…
A: Option a) positively sloped: This option is incorrect because if the long-run supply curve were…
Q: Refer to the information provided in Figure 14.7 below to answer the questions that follow. LRPC…
A: Step 1:Unemployment refers to the condition where individuals who are willing and able to work are…
Q: Explain all option plz......you will not explain all option then I will give you down upvote...
A: Detailed explanation: Consumer Surplus Calculation RecapFrom the graph, the consumer surplus is…
Q: hi there is another picture as well
A: The 45-degree line in each graph represents all points where aggregate expenditure (AE) equals real…
Q: PLEASE ANSWER CORRECTLY FULLY MAKE SURE THE ANSWER IS 100% RIGHT NO MISTAKES PLEASE
A: She wants to test whether of not a change in (X1) significantly affects (Y) keeping the annual…
Q: help please answer in text form with proper workings and explanation for each and every part and…
A: In contrast, firms in imperfectly competitive markets have some degree of market power. This means…
Q: Fill in the blanks in the table below. Nominal GDP Population Country growth growth Inflation Svea…
A: Nominal GDP growth: This refers to the change in the gross domestic product (GDP) of a country over…
Q: 3. Blackadder and Baldrick are rational, self-interested criminals imprisoned in separate cells in a…
A: The information given in the image is a description of a prisoner's dilemma scenario. The prisoner's…
Q: Help!
A:
Q: A company has predicted EBIT of $40,000 per year and a degree of operating leverage of 1.7 at the…
A: Step 1:Operating Leverage = %change in EBIT / %change in sales => 1.7 = % change in EBIT /…
Q: Help!
A: Let us delve into more elaboration in a systematic manner. (a) In order to determine the labor…
Q: Your task is to show what the profit of this firm might look like using a key economics diagram. To…
A: The objective of this question is to understand the concept of profit, producer surplus, markup,…
Q: Image uploaded answer is not allowed keep in mind
A: Given: Pb = 112-QbMC = 25 If the monopoly was broken into a competitive industry, then the market…
Q: Explain all option plz......you will not explain all option then I will give you down upvote...
A: The statement about the downward sloping labour supply curve is incorrect. The labour supply curve…
Q: Help!
A: Let's dive into a more detailed explanation for question (c):In cross-sectional regressions, we…
Q: Based on your experience gained in the previous questions, try to answer this one. There is more…
A: 1. We can be certain that there has been an increase in demand if the equilibrium quantity has also…
Q: AACSB: Analytic thinking 38) Refer to Figure 4-1. If the market price is $1.00, what is Arnold's…
A: Explanation:Consumer surplus is the difference between the maximum price a consumer is willing to…
Q: Z AD AD₁ QUANTITY OF OUTPUT Refer to Figure 34-5. Suppose the economy starts at Y. If there is a…
A: Option d: This option is correct becauseReduction in AD will shift AD curve from AD2 to AD1. And…
Q: Question 12 Suppose that you are the Head of a Government in a country and your main aim, after a…
A: Here's why:Expansionary monetary policy (B): This can stimulate economic activity in the short term…
Q: What is the net gain (+) or loss (-) of the large country due to the tariff (compared to free…
A: Referencehttps://pressbooks.bccampus.ca/uvicecon103/chapter/4-7-tariffs/
Q: Chegg Home Expert Q&A My solutions Student question Time Left: 00:09:10 Which of the statements is…
A: First option: This option is wrong because it presents a correct statement. The phrase "YOLO" (you…
Q: Don't use chatgpt, I will 5 upvotes A profit-maximizing monopolist will have total revenue equal to
A: Approach to solving the question:1. Understand the concept of profit maximization for a monopolist,…
Q: 60 50 A1 40 A A2 30 20 B C A3 10 D E F 0 05 10 15 20 25 30 35 40 45 50 55 60 Quantity Image…
A: In the context of the graph , the areas B and C represent the quantity demanded at prices between…
Q: Please explain to me how to solve this problem. Try to be as specific as possible. Thanks. It is a…
A: Solving the Representative Firm Problem with Capital DepreciationA. Dynamic Profit Function:The…
Q: please answer in text form and in proper format answer with must explanation , calculation for each…
A: With a market price of $10, the firm can cover its variable costs (AVC = $8). However, it does not…
Q: am. 122.
A: Step 1:The firm should shut down in the short run if the market price is less than $6. This can be…
Q: PLEASE ANSWER CORRECTLY FULLY MAKE SURE THE ANSWER IS 100% RIGHT NO MISTAKES PLEASE
A: The null and the alternative hypotheses of the test conducted by the researcher are H0: β1 = 0 vs…
Q: help please answer in text form with proper workings and explanation for each and every part and…
A: STEP 1: We know, a firm will produce at a profit-maximizing level where its Marginal Cost (MC) is…
Q: When the Federal Reserve can't cut short-term nominal rates any further and its capacity to cut…
A: When inflation and deflation become very sticky, monetary policy tools can't simply be applied like…
Q: When the economy is at potential GDP the unexpected inflation rate is blank and the unemployment…
A: When the economy is at potential GDP, the unexpected inflation rate is typically low, close to zero,…
Q: Question 4: (10 pts): Segregation vs. Integration Consider a city of 200 people (100 rich and 100…
A: If more wealthy individuals move into a neighborhood, it could attract even more wealthy…
Q: solve all parts as soon asap wiith explanantion
A: The objective of these questions is to analyze a game theory scenario involving two players, Alice…
Q: Under what conditions will a firm shut down temporarily? Explain. Under what conditions will a firm…
A: In situations where it cannot pay its variable costs, a company may decide to temporarily close.…
Q: Question Two A coal-mining company is the only employer in town, and faces this supply curve for…
A: a) How many workers will be hired, and how much profit will be made?To maximize profit, the company…
Q: please answer in text form and in proper format answer with must explanation , calculation for each…
A: Rihanna's marginal cost curve is given by P=6+4Q, where Q is the quantity in kilograms. At the…
Q: Suppose a firm is currently selling 1,000 units of output at a price of $8 per unit and has an…
A: Q1. From the given information we find that Price elasticity of demand = % change in Q / % change…
Q: Explain all option compulsory ......you will not explain all option then I will give you down…
A: The approach to solving this type of investment decision-making problem:1. Identify the Relevant…
Q: do fast.
A: Ans. ) Given in the question, there is a table that shows the monthly demand schedule for a good in…
Q: Consider a piece of equipment that has the following cost and benefit estimates, and the interest…
A: Additional Considerations:Although the B/C ratio is a useful tool, it's crucial to take other…
Q: Question 1 You are evaluating two potential new product lines for your company, one with a useful…
A: Explanations: Annual Worth = (PW * A/P, i%, n) - SV * A/F, i%, n Where:- PW = Present Worth- A/P =…
Q: None
A: Step 1: Determine which financial flows are relevant. In this scenario, the first year's maintenance…
Q: 60. A perfectly competitive firm will maximize profit when: a. marginal revenue is equal to marginal…
A: A perfectly competitive firm will maximize profit when marginal cost (MC) equals marginal revenue…
Q: Solve all parts with proper explanation
A: 23. A dominating strategy is one that, in the context of game theory, is one that is always better…
Q: According to the US BLS, the CPI value grew from 186.2 in February 2004 to 258.7 in February 2020.…
A: The objective of the question is to calculate the average annual general inflation rate over the…
Q: help please answer in text form with proper workings and explanation for each and every part and…
A: Question 1.C. less; sellAfter real GDP increases, at an interest rate of 9 percent a year, people…
Q: - The costs associated with manufacturing a product are debited to "Operating Expenses". are all…
A: The costs associated with manufacturing a product, also called product costs, are capitalized as…
Q: 2019 Tax Rate Schedule for Single People For taxable income over... ...but not ...the marginal tax…
A: I made an assumption about Marissa's taxable income because you didn't provide a specific figure for…
Step by step
Solved in 2 steps
- You use the British pound currency to pay the rent of your apartment. The currency Select one: a. has intrinsic value. The exchange is not an example of barter. b. has intrinsic value. The exchange is not an example of barter. c. has no intrinsic value. The exchange is an example of barter. d. has no intrinsic value. The exchange is not an example of barter.. Three goods are produced in an economy by three individuals:Good ProducerApples Orchard ownerBananas Banana growerChocolate ChocolatierIf the orchard owner likes only bananas, the bananagrower likes only chocolate, and the chocolatier likesonly apples, will any trade between these three personstake place in a barter economy? How will introducingmoney into the economy benefit these three producers?does not support all öf 2 4 7. Describe three ways that human specialization contributes to society's output. doing, time, and differences 8. What advantage does a money economy have over a barter economy? 9. A firm has the choice between producing product A, B, or C. In producing the products the firm faces a weekly cost of $10 for product A, $130 for product B and $200 for product C. The prices received for each product at different quantities are listed in the table below. Product Product Product Profit Profit Profit Output A C A C $3.00 $15.00 $35.00 15 1.25 9.00 10.00 (а) (b) profit? Compute the firm's profit for A, B, and C and enter this data into the table. Which product will the firm choose to produce and how much output will maximize 10.Assume that a firm can produce product A, product B, or product C with the resources it currently Assume for the purposes of this emplovs These resources cost the firm a total of $100 per week 194% D 回 Type here to search PoUp PrtScn F8 Home…
- k An asset would be usable as a medium of exchange for all of the following reasons except: OA. the asset should be a commodity that has intrinsic value. B. the asset must be generally accepted by most people. C. the asset should be durable and not lose value due to spoilage. D. the asset should be divisible since goods are valged at different amounts.FREE-RESPONSE QUESTIONS 1. Use the following scenario to answer all parts of the following questions: Diego opens a new checking account in Bank A with $5,000. (a) If Diego uses the debit card that accompanies this account, what function of money does his transaction serve? (b) Diego decides to deposit as much as he can into this account after his initial deposit to purchase a car. What function is his money serving? Explain. (c) Diego sees an advertisement for the car he wants for $8,000. In this scenario, money is serving which purpose? Explain. (e) (d) Diego writes a check against his account for the car. Which measurement of money will he be using for this purchase? After the purchase of his car, Diego has $2,000 left over, $1,000 of which he decides to put into a certificate of deposit. What measurement of money is his $1,000 CD a part of?2
- WRITE THE QUESTION NUMBER AND ANSWER USING CAPITAL LETTER ONLY. 1. Money ________. A. is always composed of coins and paper C. requires a double coincidence of wants B. loses its value as it becomes older D. is any commodity that is generally acceptable as a means of payment 2. The functions of money are A. medium of exchange and the ability to buy goods and services C. pricing, contracts, and means of payment. B. medium of exchange, unit of account, and means of payment D. medium of exchange, unit of account, and store of value 3. Matthew purchases a candy bar with his allowance. This purchase represents using money as A. a medium of exchange C. an unit of account B. a store of value D. none of the above 4. M1 includes A. currency, checking deposits and traveler's checks. C. money, checking deposits and traveler's checks B. money, stocks and bonds. D. money market mutual funds, stocks and bonds 5. The definition of M2 includes…Select the number of the question and the letter to indicate the answer you consider correctfor each question. 1. The Law of demanda. applies to final consumer goods but not to the productive resources purchased bybusiness firms.b. tells us how much of a good people want, but not necessarily how much of that good theyare willing to pay for.c. tells us that when the price of a good falls, quantity demanded will increase.d. applies only to goods that are not absolute necessities. 2. The law of supply states that all other things remaining the same:a. as the price of a good increases, supply of the good will increase.b. as the price of a good increases, the quantity of the good supplied willincrease.c. as the price of a good increases, demand for the good will increase.d. as the price of a good increases, the quantity of the good demanded willdecrease. 3. Which of the following most appropriately illustrates the law demand?a. Sellers increase the amount they sell because the price of the…2. Throughout history, gold has been used as a medium of exchange. Gold ingots, gold coins, gold bars, whatever. a. Why do you think other commodities were not used as a medium of exchange for the same length of time? For example, think about why diamonds were seldom used as money. b. Why do you think paper fiat currency replaced gold? c. Is there a transaction cost problem with paper money? If so, explain how. If not, explain why not.
- 133. The dual confidence of wants Is a problem In barter. For this reason money Is an Improvement over barter with respect to the a. store of value functlon. b. medlum of exchange functlon. c. both of these.When money serves as a unit of account, this means that money acts as... Select the correct answer below: a way to preserve its value for later use. O an intermediary between the buyer and the seller an acceptable method of payment an accounting method that simplifies thinking about trade-offs