Supply shifters - Study guides, Class notes & Summaries

which of the following things are scarce? - answer-everything that cost money the nominal interest rate is 7%. The inflation rate if 3% - answer-the real rate of interest is 4% the amount of a given input purchase by a firm depends on the: - answer-*price of finished good *prices of all other related goods *price of the input *state of technology The legislative act that established the Land Grand University System - answer-Merrill Act "Superstorm Sandy" disrupted transportation...

The Circular Flow Diagram CORRECT ANSWER Green arrows represent the flow of money and red represents to flow of goods/services Production possibilities Frontier/ Curve PPF: PPC CORRECT ANSWER The curve shows what is possible within an economy D- impossible A&B - feasible efficient C - feasible & inefficient PPF shifts out when... CORRECT ANSWER the economy can produce more of everything Opportunity Cost CORRECT ANSWER the cost of what you give up to get something else in terms of tim...

Conceptual physics Exam Questions with Answers radio waves - Answer-A surface that is considered rough for infrared waves may be polished for away from normal - Answer-A beam of light emerges from water into air at an angle. The beam is bent the red glass - Answer-The average speed of light is greatest in below the sighted fish - Answer-If you wish to spear a fish with a regular spear, you should compensate for refraction between the air and water and throw your spear separate from on...

ECN 211 FINAL EXAM ASU LATEST ACTUAL EXAM WITH VERIFIED QUESTIONS AND ANSWERS 100% A GRADED Absolute Advantage - ANSWER-Who can make most of that good Comparative Advantage - ANSWER-The lowest opportunity cost for that good What would allow Panama and Canada to trade? - ANSWER-They want to trade within their opportunity cost Demand - ANSWER-The amount consumers are willing and able to purchase Supply - ANSWER-The amount that producers are willing and able to produce Law of demand - ...

UHD BCAT, questions and answers with rated solutions financial accounting a system of processing financial data for a company with the purpose of producing a set of financial statements which investors and creditors can use to make financial decisions. financial statements a short report that disclose information about various aspects of a company, including the balance sheet, income statement and cash flow statement Asset anything of value owned by the company Balance s...

AP Macroeconomics Exam Review Questions and Answers Solved 2023 Producing a good or service if he or she can make more of it with a given amount of time and resources. - Absolute Advantage Producing a good or service if the opportunity cost of producing the good or service is lower for that individual than for other people. - Comparative Advantage If the opportunity cost of manufacturing machinery is lower in the United States than in Britain and the opportunity cost of manufacturing sw...

Manager - ANSWER-person who directs resources to achieve a stated goal Economics - ANSWER-the science of making decisions in the presence of scarce resources Resources - ANSWER-anything used to produce a good or service Managerial Economics - ANSWER-study of how direct scarce resources in the way that most efficiently achieves a managerial goal Effective Management - ANSWER-identify goals and constraints, understand incentives Nature and Importance of Profits - ANSWER-typical firm...

Federal reserve tools - ANSWER open market operations, discount rate, reserve requirement open market operations - ANSWER Buying & selling government securities to change the supply of money Fed sells bonds - ANSWER -increase in the federal funds rate -decrease in money supply discount rate - ANSWER rate the Federal Reserve charges for loans to commercial banks FED reduces discount rate - ANSWER The Fed can alter the money supply by changing the discount rate. Conversely, a lower ...

AP Macroeconomics: Section 2 Questions With Marking Scheme 2 characteristics of a competitive market - Answer-1. many buyers and sellers 2. identical good or service /.the supply and demand model - Answer-a model of how a competitive market works /.5 key elements of the supply and demand model - Answer-1. demand curve 2. supply curve 3. demand and supply curve shifts 4. market equilibrium 5. changes in market equilibrium /.demand schedule - Answer-shows how much of a good or ser...

WGU C211 Questions with Correct Answers Competency 4 Federal reserve tools open market operations, discount rate, reserve requirement open market operations Buying & selling government securities to change the supply of money Fed buys bonds -decrease in the federal funds rate -increase in money supply Fed sells bonds -increase in the federal funds rate -decrease in money supply discount rate rate the Federal Reserve charges for loans to commercial banks ...