Answer:
total revenue test: elastic. If demand is elastic, a decrease in price will increase total revenue, and an increase in price will reduce total revenue. total revenue: inelastic.
Explanation:
Me!!! totally down. i’m sooo bored
Answer:
a. shifts rightward by $100 billion
Explanation:
Step 1. Given information.
MPC = 0.7
Step 2. Formulas needed to solve the exercise.
Impact in the aggregate demand = 1 / (1-mpc) * total increase expenditures.
Step 3. Calculation.
Impact in the aggregate demand = 1 / (1-0.7) * 30 million = 100 billion
Step 4. Solution.
What actually occurs is that if government increases its expenditures, this means that the output levels in the economy will increase.
Thus, aggregate demand curve will shift right the overall increase by 100 billions.
Answer:
The answer is 10.
Explanation:
10,000 kcal of producer could support approximately 10 kcal of tertiary consumer.
Answer:
The correct answer is Disagree because they have different scientific judgements.
Explanation:
Obviously, what is demonstrated in the previous situation is that the two economists think differently. For this reason, they have different judgments from a training that allows them to recognize the events and propose alternatives to the problems presented.
Value judgments are the criticisms or comments that all people make towards other people or things depending on our perspectives or tastes.
Scientific judgments are always objective and are made with the scientific method, and are made with observation and verification.
We make moral judgments based on the "good or bad" human acts of a person and thus to discover their morality.
