QUESTION 36A simultaneous decrease in both the demand for computers and the supply of computers must decreasea. the number of computers bought and soldb. the price of computers.c. both the equilibrium price and quantity of computers.d. the shortage of computers in the market.
Category: Economics
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(Answered) Other things the same, if workers and firms expected prices to rise by 2 percent but instead they…
Other things the same, if workers and firms expected prices to rise by 2 percent but instead they rise by 3 percent, thenQuestion 19 options:
employment and production rise.
employment and production fall.
employment rises and production falls.
employment falls and production rises. -
(Answered) PS 1352. When is a marke efliciec?A market that reaches efficient equilibrium for price and…
PS 1352. When is a marke efliciec?
A market that reaches efficient equilibrium for price and quantity will result in a total surplus tha: is as large as possible. This large total surplus allows the consumers and producers to share the total surplus in a fair and equitable way. -
(Answered) in search of jobs and better life highly educated and skilled people migrate from poor…
in search of jobs and better life highly educated and skilled people migrate from poor developingcountries to wealthy industrial countries, This phenomenon is called: O Intermational joint venture O Overseas direct investment in human capital O Brain drain O Human diversification
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(Answered) If a manufacturer sells goods abroad for a lesser price than what they sell for at home, it implies…
If a manufacturer sells goods abroad for a lesser price than what they sell for at home, it implies that
the manufacturer is engaged in dumping.
twiffs have been reduced.
there has been an improvement in the terns of trade.
an embargo has been established. -
(Answered) If the FedEx is targeting interest rates and money, demand increases an appropriate policy….
➤ How do open market purchases work to stabilize the interest rate after an increase in money demand?
Open market purchases involve the Fed buying Treasury securities from dealers. The Fed credits bank reserves, increasing the money supply. Higher reserves lower the overnight interest rate pressure by matching increased money demand. Market participants then hold more base money without forcing interest rates above the Fed’s target. -
(Answered) An industry that has a limited number of competing firms, such as the U.S. mobile phone market in…
An industry that has a limited number of competing firms, such as the U.S. mobile phone market in which four firms controlled 98 percent of the market in 2014, is known asQuestion 13 options:perfect competition.a monopoly.an oligopolistic industry.deregulated.anticompetitive.
perfect competition.
a monopoly.
an oligopolistic industry.
deregulated.
anticompetitive. -
(Answered) In examining the physician shortage of the 1930s, Friedman and Kuznets found that physicians earned…
➤ Why did physicians earn more than dentists beyond birth rate effects?
Several forces raised physician earnings: licensing and entry restrictions limited supply; medical technology and hospital growth increased demand for physicians and specialized services; third-party payment and fee-setting raised incomes. Broader service scope, emergency care roles, and referral networks also produced a sustained premium compared to dentistry. -
(Answered) The equilibrium level of output is the point at which the entrepreneur stops and determines whether…
➤ How does an entrepreneur determine whether they have a profit or a loss at equilibrium?
The entrepreneur compares total revenue and total cost at the MR = MC output. If total revenue exceeds total cost, the firm earns an economic profit. If total revenue falls short, it incurs a loss. They also review average total cost and average variable cost to decide short-run production versus a temporary shutdown. -
(Answered) Which of the following is a key characteristic of factor markets in economics?Only physical capital…
Which of the following is a key characteristic of factor markets in economics?
Only physical capital is traded in these markets.
Goods are exchanged between producers and consumers.
Firms are the buyers and households are the sellers.
Prices are set solely by government intervention.