Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Econometrics Expert

Answer the following problems.

problem 1) Name and describe nine significant characteristics of American market system.

problem 2) Define the Four Fundamental problems faced by any economic system.

problem 3) describe how the market system answers each of these four fundamental problems.

problem 4) State normal profits and economic profits and describe the difference between them.

problem 5) describe the relationship between profits and expanding industries; losses and declining industries.

problem 6) Describe how consumer influences the “What goods and services will be produced?” problem.

problem 7) Describe how a market system achieves economic efficiency.

problem 8) Describe the role of income distribution on the “Who will get the goods and services?” problem.

problem 9) describe the guiding function of prices.

problem 10) describe how market system promotes technological improvements and capital accumulation.

problem 11) Describe the role of competition and “invisible hand” in promoting economic efficiency.

Econometrics, Economics

  • Category:- Econometrics
  • Reference No.:- M97877

Have any Question? 


Related Questions in Econometrics

1 explain what will happen to holdings of bonds and money

1. Explain what will happen to holdings of bonds and money if there is an excess supply of money in the economy. What will happen if there is an excess demand for money in the economy? What will happen to interest rates ...

Wyandotte chemical company sells various chemicals to the

Wyandotte Chemical Company sells various chemicals to the automobile industry. Wyandotte currently sells 30,000 gallons of polyol per year at an average price of $15 per gallon. Fixed costs of manufacturing polyol are $9 ...

1 would increased cost inflation in the united states

1. Would increased cost inflation in the United States relative to its major trading partners likely increase or decrease the value of the U.S. dollar? Why? 2. If the domestic prices for traded goods rose 50 percent over ...

In 2010 the country of ruba was suffering from a period of

In 2010, the country of Ruba was suffering from a period of high unemployment. The new president, Clang, appointed Laurel Tiedye as his chief economist. Ms. Tiedye and her staff estimated these supply and demand curves f ...

You and your roommate have a stack of dirty dishes in the

You and your roommate have a stack of dirty dishes in the sink. Either of you would wash the dishes if the decision were up to you; however, neither will do it in the expectation (hope?) that the other will deal with the ...

The subway fare in your town has just been increased from a

The subway fare in your town has just been increased from a current level of 50 cents to $1.00 per ride. As a result, the transit authority notes a decline in ridership of 30 percent. a. Compute the price elasticity of d ...

Jenny is considering starting a new business selling

Jenny is considering starting a new business selling organic groceries. It would cost her $350,000 a year to rent store space and buy the groceries from a wholesaler, and she would have to quit her current job and give u ...

The division of investment banking fees in a syndicateyou

THE DIVISION OF INVESTMENT BANKING FEES IN A SYNDICATE You are the lead underwriter among a syndicate of five investment banks composed of yourself, the syndicate co-manager, and syndicate members 3, 4, and 5. Your syndi ...

1 the consumer price index is 125 in year 1 and 160 in year

1. The consumer price index is 125 in year 1 and 160 in year 2. All inflation is anticipated. If the Commerce Bank of Beverly Hills charges an interest rate of 35 percent in year 2, what is the bank's real interest rate? ...

Consider the situation the economics professor faces in

Consider the situation the economics professor faces in Problem 6, but now let's suppose that Dave makes you the following offer: "Let's really soak this guy. I'll pass on turns 2 and 4 if you'll go halves on the 500 buc ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

WalMart Identification of theory and critical discussion

Drawing on the prescribed text and/or relevant academic literature, produce a paper which discusses the nature of group

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro