Tag: Economics – Others

A resource is considered economically depleted when 80% of the resources known supply has been exhausted.Question 20 options:A) TrueB) False

Multiple Choine 1 pointIf the manufacture of a sophisticated new consumer electronics product determines that many target comumers qualify as

Multiple Choice — 3.75 points
The release of hormones is controlled by the:
Hypothalamus
Basal ganglia
Hippocampus
Thalamus

Destination applications’ categorization is a static, one-time process, e.g. YouTube is YouTube; there is no need to update this. True. False.
Select an answer
True
False

is a firm more likely to purchase an input from a supplier if the market price of the input is lower than the firms cost of producing the input

True or false: If you are a U.S. worker involved in the manufacture of commodities, you should fear globalization.
True
False

Prove that a change in the expected price level will shift the Ns curve in the labor market modeled in terms of the nominal wage.Draw the garphs
Argument / Proof
Start from a wage–setting relation written in nominal terms:
W = Pe · F(u, z)
where W is the nominal wage, Pe is the expected price level, u is the unemployment rate, z is a vector of other wage determinants, and F(·) is the wage-setting function (typically decreasing in u).
Express unemployment u in terms of employment N (for a normalized labor force of 1, u = 1 − N). Then the nominal wage as a function of employment is
W = Pe · F(1 − N, z).
This equation is the Ns curve expressed in nominal wage–employment space: for any given employment N, wage setters choose a nominal wage equal to Pe multiplied by F(1 − N, z).
Compare two expected price levels, Pe0 and Pe1 with Pe1 > Pe0. For the same employment N, the nominal wage implied by the wage–setting relation is proportional to Pe, so
W1(N) = Pe1 · F(1 − N, z) > W0(N) = Pe0 · F(1 − N, z).
Therefore, an increase in the expected price level raises the nominal wage associated with every N, i.e. the Ns curve shifts upward (a parallel multiplicative shift when F does not depend on Pe directly).
In a standard wage–setting / price–setting labor market diagram with W on the vertical axis and N on the horizontal axis:
The Ns curve (from W = Pe·F(1 − N, z)) is upward sloping (higher N → lower u → higher wage).
Labor demand (or wage implied by firms’ demand for labor) is downward sloping in N.
An increase in Pe shifts the entire Ns curve up (higher nominal wage at each N), changing the equilibrium nominal wage and employment where Ns intersects labor demand.
Illustrative graph
Notes: The Ns curves are drawn as upward sloping because higher employment reduces unemployment (u = 1 − N), which raises the wage set by workers/firms via F(·). An increase in expected price level Pe multiplies the right-hand side of W = Pe·F(1 − N, z), producing an upward shift of the Ns curve in W–N space.

QUESTION 39Expurgement is a way to reduce the negative effect of a criminal conviction alter the ollender returns to the free world.◻ TrueFalse

Krystal buys a new house from Kiel and puts down $10,000 in earnest money.
If Kiel accepts Krystal’s offer, what happens to the earnest money?

What is the term for the decrease in value of physical capital due to wear and tear or obsolescence?InflationAppreciationInvestmentDepreciation