mamelachifra07 mamelachifra07

29-12-2022
Business

Answered

Part II. Choose the best answer from the given alternatives (1 Point each). 1. Which one of the following is an example of normative economics? A. The life expectancy at birth in Ethiopia is rising B. Poverty and unemployment are the biggest problems in Ethiopia. C. There is a need for intervention of government in the economy. D. All 2. If income of an individual is decrease, and then the demand for good X is increase therefore, good X is A. Substitute good B. Inferior good C. Normal good D. complementary good 3. Any change in price of commodity causes the demand curve to A. Shift up or dawn wards B. Unchanged C. Movement along the same demand curve D. None

Answer :

Other Questions

Assume the demand curve for a good is perfectly inelastic and the production of each unit of this good generates external costs. A profit-maximizing firm produc

Assume the expected inflation rate in a country is 3%, the current unemployment rate is 4%, and the natural rate of unemployment is 5%. (a) Draw a correctly lab

choose all of the following that are part of the definition of strategic management: (choose all that apply.)

Assume a profit-maximizing monopolist is able to price discriminate, dividing its consumers into two distinct groups charging each a different price. Based on t

It has been argued that the exchange rate can be used as a policy tool. Assume that the U.S. government would like to reduce unemployment. Which of the followin

Including an interaction term between two independent variables, X1 and X2, allows for the following except: A)the interaction term lets the effect on Y of a ch

Estimating the market value of real estate is complicated by the unique characteristics of real estate markets. In contrast to stock markets, real estate market

Changes in Market Indexes The market index reached its lowest point in the year Based on the market index, demand began to fall sharply in the year

Question 3 (30 points) Consider an economy that produces only the following amount of products with the correspond- ing prices in two different years: Version 1

If the price of apples increases by 10% and the quantity demanded falls by 20%, then the price..