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The production proces of a panicular company displays constunt rehurns to scale. Then, if such company doubles all the inputs, the ou doubles as well b. more than double. remaina unchanged. triples. d. b. QUESTION 10 Y-T-C.in a closed economy, represents national saving b. private saving public saving gavernment tax revenue d. Click Sae and Submit to suve and submit. Click Save All Ansoers to save all annoers

The production proces of a panicular company displays constunt rehurns to scale. Then, if such company doubles all the inputs, the ou doubles as well b. more than double. remaina unchanged. triples. d. b. QUESTION 10 Y-T-C.in a closed economy, represents national saving b. private saving public saving gavernment tax revenue d. Click Sae and Submit to suve and submit. Click Save All Ansoers to save all annoers

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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**Question 9:** The production process of a particular company displays constant returns to scale. Then, if such a company doubles all the inputs, the output: a. doubles as well. b. more than doubles. c. remains unchanged. d. triples. Correct Answer: a --- **Question 10:** \( Y - T - C \), in a closed economy, represents: a. national saving b. private saving c. public saving d. government tax revenue Correct Answer: b --- **Question 18:** *Labor Data for Uruguay* | Year | Adult Population | Number of Employed | Number of Unemployed | |------|------------------|--------------------|----------------------| | 2017 | 6,000 | 4,200 | 1,800 | | 2018 | 9,000 | 3,900 | 1,800 | | 2019 | 9,600 | 4,800 | 800 | *The number of adults not in the labor force of Uruguay in 2017 was:* a. 3,000 b. 1,800 c. 600 d. 1,200 Correct Answer: c
Transcribed Image Text:**Question 9:** The production process of a particular company displays constant returns to scale. Then, if such a company doubles all the inputs, the output: a. doubles as well. b. more than doubles. c. remains unchanged. d. triples. Correct Answer: a --- **Question 10:** \( Y - T - C \), in a closed economy, represents: a. national saving b. private saving c. public saving d. government tax revenue Correct Answer: b --- **Question 18:** *Labor Data for Uruguay* | Year | Adult Population | Number of Employed | Number of Unemployed | |------|------------------|--------------------|----------------------| | 2017 | 6,000 | 4,200 | 1,800 | | 2018 | 9,000 | 3,900 | 1,800 | | 2019 | 9,600 | 4,800 | 800 | *The number of adults not in the labor force of Uruguay in 2017 was:* a. 3,000 b. 1,800 c. 600 d. 1,200 Correct Answer: c
**Question Completion Status:** **QUESTION 5** If the consumer price index was 110 in the base year and 121 in the following year, then the inflation rate was: a. 10 percent. b. 1 percent. c. -9.09 percent. d. 110 percent. _Selected answer: a_ --- **QUESTION 6** The USA imports milk. If its price increases, it will show up: a. in the consumer price index and in the GDP deflator. b. in the consumer price index, but not in the GDP deflator. c. in the GDP deflator, but not in the consumer price index. d. in neither the consumer price index nor in the GDP deflator. _Selected answer: a_ --- **QUESTION 21** **Labor Data for Uruguay** | Year | Adult population | Number of employed | Number of unemployed | |------|------------------|--------------------|----------------------| | 2017 | 6,000 | 4,200 | 600 | | 2018 | 9,000 | 3,900 | 1,800 | | 2019 | 9,600 | 4,800 | 600 | The labor force participation rate of Uruguay: a. increased both from 2017 to 2018 and from 2018 to 2019. b. increased from 2017 to 2018 but decreased from 2018 to 2019. c. decreased from 2017 to 2018 but increased from 2018 to 2019. d. decreased both from 2017 to 2018 and from 2018 to 2019. _Selected answer: c_
Transcribed Image Text:**Question Completion Status:** **QUESTION 5** If the consumer price index was 110 in the base year and 121 in the following year, then the inflation rate was: a. 10 percent. b. 1 percent. c. -9.09 percent. d. 110 percent. _Selected answer: a_ --- **QUESTION 6** The USA imports milk. If its price increases, it will show up: a. in the consumer price index and in the GDP deflator. b. in the consumer price index, but not in the GDP deflator. c. in the GDP deflator, but not in the consumer price index. d. in neither the consumer price index nor in the GDP deflator. _Selected answer: a_ --- **QUESTION 21** **Labor Data for Uruguay** | Year | Adult population | Number of employed | Number of unemployed | |------|------------------|--------------------|----------------------| | 2017 | 6,000 | 4,200 | 600 | | 2018 | 9,000 | 3,900 | 1,800 | | 2019 | 9,600 | 4,800 | 600 | The labor force participation rate of Uruguay: a. increased both from 2017 to 2018 and from 2018 to 2019. b. increased from 2017 to 2018 but decreased from 2018 to 2019. c. decreased from 2017 to 2018 but increased from 2018 to 2019. d. decreased both from 2017 to 2018 and from 2018 to 2019. _Selected answer: c_
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“Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for you. To get remaining sub-part solved please repost the complete question and mention the sub-parts to be solved.”.  

Labor force includes the adult population that are employed as well as unemployed. 

Step 2

9) option a)... doubles as well

(Since production function exhibits constant returns to scale thus output will increase in same proportion with the increase in input) 

10) Economics homework question answer, step 2, image 1

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