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2 years ago

Economists use the distinction between private and public goods to determine __________

1 answer:

8 0

Economists use the distinction between private and public goods to determine what projects and activities should be undertaken by the government.

In the economy, there are different types of goods among which, public goods are goods which are produced by the government or by nature for the welfare of the people without any cost. On the other hand, private goods are the ones manufactured and sold by private companies to earn a profit.

Economists use this distinction between different goods to allow the government to decide which goods are considered public goods so that the government can channel the funds in order to provide the public goods to the economy.

Hence, both public and private goods have their own importance in the economy.

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The marginal propensity to consume is 0.75 and the economy is operating at full-employment real GDP at $510 billion. If a $20 bi

KiRa [710]

Answer:

Long run real GDP will remain unchanged.

Explanation:

The increase in personal taxes (-$20 billion) would offset any increase in real GDP generated by the increase in private consumption ($20 billion). Nominal GDP can be affected and increase by $20 billion, but the effect would be given by an increase in general price level (inflation), not by an increase in real money.

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3 years ago

Read 2 more answers

The real estate financing instrument which transfers equitable title to real property, but retains legal title in the seller, is

natita [175]

Answer:

Operating Leasing

Explanation:

Legal title is retained by the seller, buyer enjoys equitable title (during the lease contract duration) of the property (e. g. using land, leased buildings or machinery for the business needs),

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2 years ago

Suppose that the demand curve for compact disks is given by P = 600 – Q and that the supply curve is given by P = 0.5 Q, where Q

otez555 [7]

Answer: -0.5

Explanation:

From the information given,

Demand curve = P = 600 – Q

Supply curve = P = 0.5Q

Equilibrium = Qd = Qs

Therefore, 600 - Q = 0.5Q

600 = Q + 0.5Q

600 = 1.5Q

Q = 600/1.5

Q = 400

Since P = 600 - Q

P = 600 - 400

P = 200

Price elasticity will be:

= (dQ/dP) × (P/Q)

=(-1) × (200/400).

= -1 × 0.5

= -0.5

The price elasticity is -0.5

7 0

3 years ago

1. Write down D & S equations for wireless phones; include

N76 [4]

The D - equations for wireless phones: P = D (P,eA,eB)

The S- equation for wireless phones: Q = S (P,eA,eB)

The Exogenous variable A = Price
The Exogenous variable B = Population growth rate

<h3>What is the equation about?</h3>

The demand and supply relationship is one that differs in a lot of ways and often shown using a graph. Note that the upward slope of the curve on a graph shows the law of demand and the demand for wireless phones is one that can be affected by the amount of new mobile phone subscribers, the average cost of buying the wireless phone, and others.

Hence, The D - equations for wireless phones: P = D (P,eA,eB)

The S- equation for wireless phones: Q = S (P,eA,eB)

The Exogenous variable A = Price
The Exogenous variable B = Population growth rate

Learn more about Demand from

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4 0

2 years ago

Which of the following is a limitation of the dividend-discount model? A. It cannot handle negative growth rates. B. It does no

topjm [15]

Answer:

B. It does not consider past earnings and performance.

Explanation:

$\frac{divends}{return-growth} = Intrinsic \: Value$

The formula use the expected nextyear dividends,

the expected growth on the dividends

and the cost of capital.

It doesn't include anything related to previous earnings and performarce. Like net income, net loss, increase in equity, increase in assets or any other variance about the company's composition of his capital and income.

8 0

3 years ago