Answer:
The demand for loanable funds shifted rightward.
Explanation:
The loanable funds refers to the funds that are available for the borrowers to take the loan from the lender.
Here, the supply of loanable funds remains unchanged as consumers are saving certain funds to act as the lender. If there is a rightward shift in the demand curve for loanable funds which indicates that there is an increase in the demand for loanable funds. We know that interest rate is shown on the y axis and the quantity of loanable funds is shown on the x-axis.
Due to this rightward shift in the demand curve for loanable funds, there is an increase in an equilibrium interest rate and in the equilibrium quantity.
The answer is C.
Purose full behavior states that people make decisions with a desired outcome in mind, taking all the losses and benefits into consideration.
B because we really need equilibrium
Answer:
The correct answer is A
Explanation:
Sectoral shifts is defined as the structural change or variation which lead to the reallocation of labor within the industries which create functional unemployment as the labor moves or shifts from the declining to the growing sectors.
So, in this scenario, the BLS (Bureau of Labor Statistics), predict that the jobs for the dental hygienists will grow where as the jobs for bookbinders will decrease. Therefore, this will result in a structural unemployment which is created due to sectoral shift.
Answer:
The answer is: Economic profits is equal to the difference between accounting profits and implicit costs.
Explanation:
Unlike accounting profits which only take explicit expenses into account, Economic profits take both explicit and implicit costs into account to come up with the net worth a firm/a project is generating.
These implicit costs are opportunity costs which by operating a firm or by taking a project, an economic benefit has to be sacrificed for the firm or the project to be operated/ carried out.
So, to come up with economic profit from accounting profit, we have to further subtract implicit cost from accounting profit or:
Economic profit = Accounting profit - Implicit costs.
