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kaylee maeng

kaylee m.

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INSTANT ANSWER

An increase in interest rates leads to a(n) Select all that apply 1. Increase in private savings supplied 2. Decrease in investment demanded 3. Decrease in private savings supplied 4 increase in investment demanded

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INSTANT ANSWER

Price per pizza. Quantity of pizza. Price per soda. Quantity of soda 2018. $14. 277. 3. 509 2019. $8. 197. 4. 634 Using 2018 as the base year calculate the real gdp for 2019

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INSTANT ANSWER

Use the table below to answer the question. Price per Pizza Quantity of Pizzas Price per Cookie Quantity of Cookies 2018 $14 177 $2 669 2019 $10 253 $4 522 Calculate the Nominal GDP for 2019. Do NOT include the dollar sign.

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ANSWERED

James Kiss verified

Numerade educator

What would happen in the market for ice cream if simultaneously frozen yogurt becomes cheaper to buy and ice cream becomes more expensive for producers to make? (Assume these goods are substitutes.) NOTE for fill in the blank questions, it is extremely important that you write the chosen phrase EXACTLY as shown to receive credit. The equilibrium price of ice cream: _______ (please write unambiguously increases, unambiguously decreases or change will be ambiguous) The equilibrium quantity of ice cream: ________ (please write unambiguously increases, unambiguously decreases or change will be ambiguous)

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ANSWERED

James Kiss verified

Numerade educator

If coffee and tea are substitutes, an increase in the price of tea would result in: (select all that apply but CHOOSE CAREFULLY- incorrect answers will lose points earned by correct answers) 1. a decrease in the demand for tea. 2. an increase in the demand for tea. 3. an increase in the quantity demanded of coffee. 4. a decrease in the quantity demanded of tea. 5. an increase in the demand for coffee. 6. a decrease in the quantity demanded of coffee. 7. a decrease in the demand for coffee. 8. an increase in the quantity demanded of tea. 9. an increase in the equilibrium price of coffee. 10. a decrease in the equilibrium quantity of coffee.

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ANSWER IN PROGRESS

Suppose there are two goods to be produced and two countries that can produce them: Staceylandia and Michaelopolis. The table below shows the maximum amounts that can be produced in a day. Note that the numbers below reflect the total that can be produced when only producing that good in a day (e.g., Staceylandia can either produce 1000 grains or 2000 fruit). Grains Fruit Staceylandia 1000 2000 Michaelopolis 400 1200 Match the statements below with the correct answer choice. 1. Who has absolute advantage in grains? 2. Who has absolute advantage in fruit? 3. Who has comparative advantage in grains? 4. Who has comparative advantage in fruit? 5. Who should specialize in producing fruit? 6. What terms of trade would be accepted by both countries? A. Staceylandia B. Michaelopolis C. between 1 and 2 fruit per grain D. between 2 and 3 fruit per grain E. between 3 and 4 fruit per grain

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