Suppose that when the price of cable television service rises by 10 percent the number of cable television subscribers falls by 15 percent. We can conclude that cable television service hasan elastic supply.an inelastic supply.an inelastic demand.an elastic demand.
Category: Economics
-
(Answered) If US goods cost one dollar for each euro German goods costs, the real exchange rate would be…
If US goods cost one dollar for each euro German goods costs, the real exchange rate would be computed as how many German goods per U.S. goods?
one
the price of the U.S. goods
the amount of euros that can be bought with one U.S. dollar
None of the above is correct. -
(Answered) Question 31 3 ptsWhich of those listed below is NOT one of the characteristics of sustainable…
➤ How do destinations measure sustainability in tourism?
Destinations measure sustainability with indicators such as resource consumption, waste generation, greenhouse gas emissions, biodiversity status, local income distribution, and visitor satisfaction. They use monitoring programs, environmental impact assessments, and periodic audits. Combining quantitative data and community feedback gives a clear picture of progress toward environmental, social, and economic sustainability goals. -
(Answered) Question 10 (4 points)If education produces positive externalities, we would expectthe government…
3. How do positive externalities lead to underprovision of education?
When education generates spillovers, private demand reflects only individual benefits. Producers and households therefore supply or consume less than the social optimum. Because marginal social benefit exceeds marginal private benefit, equilibrium quantity falls short, creating underprovision that policy tools can address. -
(Answered) If the FedEx is targeting interest rates and money, demand increases an appropriate policy….
If the FedEx is targeting interest rates and money, demand increases an appropriate policy. Response would be to
increase reserve requirements
increase the discount rate
buy US security from government bond dealers
increase government spending
none of the options -
(Answered) What is the rule of 70 used for? Calculating the exact amount of GDP growth in a country Predicting…
➤ Why is 70 used instead of another number?
Seventy is a simple approximation close to 69.3, which equals ln(2)×100. That value converts a percentage growth rate into doubling years quickly. The rule balances ease and accuracy; some practitioners use 72 for monthly compounding or mental math because its factors divide neatly into common rates. -
(Answered) The distributional dimension of a policy instrument concerns the regressive/progressive impacts on…
The distributional dimension of a policy instrument concerns the regressive/progressive impacts on society across multiple dimensions. These dimensions are (select all that apply):
income classes
regions
ethnic groups
generations
intelligence quotient
occupation type -
(Answered) Diets high in cholesterol and fat can lead to serious health issues. The high amount of cholesterol…
Diets high in cholesterol and fat can lead to serious health issues. The high amount of cholesterol and fat in the U.S. diet reflects the influence of what countries? Ireland and Portugal France and Spain Spain and Portugal Great Britain and France Scotland and Ireland
Ireland and Portugal
France and Spain
Spain and Portugal
Great Britain and France
Scotland and Ireland -
(Answered) If the economy is facing a recession, the Fed will want to use monetary policy to encourage banks…
If the economy is facing a recession, the Fed will want to use monetary policy to encourage banks to make:fewer loans, which (all else equal) will decrease spending in the economy.more loans, which (all else equal) will increase spending in the economy.