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Brut [27]
3 years ago
6

Special interest group Q receives a 1/10,000th slice of the economic pie. Its net benefit from either an economic growth policy

or a transfer policy is $50,000. In order for group Q to be indifferent between the two policies, the economic growth policy would have to make the size of the economic pie (Real GDP) growth by _________________. This type of analysis is used to show that special interest groups tend press government for _____________ instead of ________________.
Business
1 answer:
Olin [163]3 years ago
6 0

Answer:

(A) $500 million

(B) This type of analysis is used to show that Special Interest Groups tend to press the government for TRANSFERS instead of ECONOMIC GROWTH.

Explanation:

1/10,000 of the real GDP is = $50,000

RGDP = 50,000 ÷ 1/10,000

RGDP = 50,000 × 10,000 = $500,000,000

If special interest group Q would have to be indifferent (not care which policy is applied at the given time) between the 2 policies, then the economic growth policy would have to increase the size of the RGDP (the economic pie) by an amount sufficient enough for them to get their net benefit of $50,000.

The RGDP figure above ($500 million) is the amount by which RGDP (real gross domestic product) should grow, if Group Q will still get their net benefit when only the economic growth policy (EGP) is applied.

In this case, the EGP applied in place of the TP (transfer policy) would still fetch Group Q the minimum net benefit of $50,000

(B) This type of analysis is used to show that Special Interest Groups tend to press the government (policy makers and enforcers) for TRANSFERS instead of ECONOMIC GROWTH.

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The business analyst for Video Sales, Inc. wants to forecast this year's demand for DVD decoders based on the following historic
Dmitriy789 [7]

Answer:

d) 420

Explanation:

In three-year weighted moving average with weights of 0.5, 0.3, and 0.2, the forecast can be calculated using the following formula

Forecast(This year) = 0.5*Demand(last year) + 0.3*Demand(2 years ago) + 0.2*Demand(3 years ago)

Forecast(This year) = 0.5*300 + 0.3*500 + 0.2*600

Forecast(This year) = 150 + 150 + 120

Forecast(This year) = 420

6 0
3 years ago
Consumers sell goods or services for a profit.<br><br> True<br> False
Alenkinab [10]
The answer is True. because in Economics when the MC is equal to ATP the seller losses and leave the market.
Also profit motivate seller.
3 0
3 years ago
Firms use private warehouses:
max2010maxim [7]

Answer: The correct answers are A and D.

Explanation:

Private warehouse like the name implies is a kind of warehouse that is privately owned by a company to solve it's storage needs. It is built by the company and maintained by the company. It is built if a company want to carefully manage what goes in and out of their storage facility and also for firms that have regular storage needs.

While Public warehouse is a kind of warehouse used by several firms to store their goods. It is used by companies that do not have frequent storing needs, and also saves a company the cost of building and maintaining a warehouse.

5 0
3 years ago
Suppose an economy produces two goods, food and machines. This economy always operates on its production possibilities frontier.
defon

Answer:

The correct answer is option D.

Explanation:

The economy was earlier producing at the point on its production possibility frontier where it was producing 1000 units of food and 47 machines. After a technological advancement in the machine-making industry, society will want to produce 1050 units of food and 47 machines.  

Due to technological advances, society will require fewer resources to produce the same level of machines or it could produce more machines using the same level of resources.  

As society wants to produce the same level of machines, it will need fewer resources to do so. The remaining resources could be used to increase the production of food. So, society will be able to produce 1050 units of food and 47 machines.

6 0
3 years ago
Which of the following bonds would have the largest change in price (in percentage terms) for a given change in interest rates (
viva [34]

The bond that would have the largest change in price (in percentage terms) for a given change in interest rates (that is, in yield to maturity) is the bond with the lowest coupon rate and longest maturity, which would be Bond D: A $1000 par value bond with a 2% coupon rate (semi-annual payments) that matures in 30 years.

This is because the lower the coupon rate, the higher the sensitivity to changes in yield (the higher the duration). Longer maturities also increase the sensitivity to changes in yield.

Therefore, Bond D would have the largest change in price (in percentage terms) for a given change in interest rates.

To know more about bond here

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#SPJ4

3 0
1 year ago
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