510 Answered Questions for the topic economics

Economics Microeconomics

07/15/19

If Joe is happy with $30,000 salary but he is earning $50,000. what will be producer surplus that joe enjoys?
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07/12/19

How do companies or business contribute to economic development?
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07/12/19

Determine fair price of a digital option?
>A ***digital option*** pays one dollar at time $t = T$ if the asset price isabove a fixed level (strike) $K$ and is worthless otherwise. >Consider the followingmodel, with $r =... more
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07/12/19

Fair Strike of a 1 Year Forward?
Good day, I have been tasked with this question and I am unsure if my understanding and work so far is correct.>On January 1st 2018 AAA shares were trading at $30USD$ per share. >The shares... more
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07/12/19

Which of the following gave workers a reason to form early unions
A. Dangerous working conditions B. High taxes C. Increased use of technology D. Foreign competition
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Economics Math

07/12/19

When heavy rain ruined the banana crop in Central​ America, the price of bananas rose from ​$0.70 a pound to ​$0.90 a pound.

Growers sold fewer​ bananas, but their total revenue remained unchanged. What is the change in percent (Answer with whole number)
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06/30/19

How can international trade influence economic development?
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06/29/19

What was the effect of the Civil War on the cost of cotton?
Contemporary economics warns us that if you make goods significantly more expensive to produce, the costs will be passed on to consumers in the form of higher prices. So that makes me wonder: what... more
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Economics Macroeconomics

06/22/19

Explain why Jamaica's opportunity cost of one cooler is 0.5 radios and Norways opportunity cost on one cooler is 0.125 radios?
Assume that Jamaica and Norway can switch between producing coolers and producing radios at a constant rate. The following table shows the number of coolers or number of radios each country can... more
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06/08/19

What are the roles of engineers in infrastructure, and economic development?
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Economics Microeconomics

06/06/19

which of the following best explains why some economic goals are incompatible with each other
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Economics Microeconomics

06/06/19

which of the following best explains why the circular flow model characterizes the free-market system
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06/04/19

How are the roles of public and private sectors different in economic development?
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06/03/19

What is the secret to developing a successful economy?
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05/29/19

How can an equitable distribution of income and wealth help accelerate growth and promote economic development?
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05/22/19

Does economic growth necessarily mean economic development?
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Economics Macroeconomics

05/21/19

AA decline in the value of the U.S dollar will likely result in an increase in the -
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Economics Microeconomics

05/15/19

Consumers affect which goods and services are produced because they

Consumers affect
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05/14/19

How can fiscal policy promote economic development?
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05/14/19

What are the assumptions underlying the three macro models for establishing long run economic growth?
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05/14/19

How do you measure purchasing power?
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Economics Microeconomics

05/11/19

I know the answer when it is price elastic, but what changes when it is price inelastic? Please explain and which option is it?

Which of the following statement is correct?A) Demand is more price inelastic than supply and consumers bear a larger portion of the tax burden.B) Demand is more price inelastic than supply and... more
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05/10/19

What are the reasons preventing most underdeveloped countries from growing and developing?
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Economics Microeconomics

05/10/19

Import and Export - Microeconomics

If the world price is lower than the domestic autarky price of a good, then when the economy opens up to trade, the country will become an ______ of the good and the price of the good in the... more
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05/06/19

Is population growth the most important factor for economic development? Why?
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