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3 years ago

Ricardian equivalence means that:

Business

1 answer:

kati45 [8]3 years ago

6 0

Answer:

changes in private savings offset any changes in the government deficit

Explanation:

Ricardian equivalence means that private saving changes offset any changes in the government budget. Therefore, if the deficit increases by 30, private saving also increases by 30 but the trade deficit and the budget deficit will not change.

In case of the Ricardian equivalence, economic agents are assumed to be perfectly rational. According to them, higher taxes are required to repay the debt in case of an increase in deficit-financed government spending.

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A machine to manufacture fasteners has a setup cost of $1,100 and a unit cost of $0.006 for each fastener manufactured. A newer

ycow [4]

Answer:133333 units

Explanation:

Given

For First machine

Setup cost=$ 1100

unit cost =$ 0.006

For new machine

Setup cost=$ 1700

unit cost=$ 0.0015

Let x units be manufactured .

for Break even point

First machine manufacturing cost=New machine manufacturing cost

1100+(0.0060)x=1700+(0.0015)x

(0.0045)x=600

$x=133333.333\approx 133333 units$

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3 years ago

1) Suppose at market opening on 10/24/2019, the market expects the bond that matures in 2034 ("the longer-term bond") to provide

Korolek [52]

Answer:

Check the explanation

Explanation:

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3 years ago

Superfund legislation does not obligate the environmental protection agency to _____.

Angelina_Jolie [31]

I believe the answer is ban the use of hazardous chemicals by industries.
This happen because the benefit of using several hazardous chemicals actually exceeds the risk of damage that it potentially cause to the environment (For example, Plutoniom that is used as a substance material to make energy generating nuclear reactor)

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3 years ago

Supply Chain Integration Supply chain integration is a major contributing factor to organizational success. The goal of supply c

inessss [21]

Answer:

True.

Explanation:

The integration of the supply chain comes from the use of the total quality management tool that will make the supply chain effective as a whole, generating significant improvements at each stage of the chain, with the help of technologies that streamline operations. Integrating the supply chain means organizing the steps so that there is a reduction in costs, time, waste and continuous optimization of the processes as a whole, making the product reach the final consumer correctly meeting their expectations and needs.

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3 years ago

An increase in the price of oil will a. shift the supply curve of oil to the left. b. shift the supply curve of oil to the right

klasskru [66]

Answer:

The correct answer is option c.

Explanation:

An increase in the price of oil will cause the quantity demanded of a commodity to decline and the quantity supplied to increase. This will cause a surplus in the market.

There will be no change in the demand and supply curve.

This is because of the law of demand and supply.

According to the law of demand, the price of a commodity is inversely related to the quantity demanded of the commodity, while other factors are kept constant.

Similarly, the law of supply states that the price of a commodity is positively related to the quantity demanded of a commodity.

The demand and supply curves are not affected by the changes in price, they change as a result of changes in other factors.

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3 years ago