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

The economic analysis division of mapco enterprises has

The economic analysis division of Mapco Enterprises has estimated the demand function for its line of weed trimmers as QD = 18,000 + 0.4N - 350PM + 90PS In 2010, 15,000 new homes are expected to be completed in the prima ...

A 20 - mu m - thick p membrane fig 224 is desired for a

A 20 - μ m - thick p++ membrane (Fig. 2.24) is desired for a micro device. Using a 500 - mm - thick (100) silicon wafer and KOH as an etchant, determine the etching time to finish the wet etching.

The following adsorption data were reported by thoma 1994

The following adsorption data were reported by Thoma (1994) for the adsorption of a polyaromatic hydrocarbon (pyrene) on a local sediment (University lake, Baton Rouge, Louisiana). The molecular weight of pyrene is 202 a ...

A plate of mass m supported by a slender straight beam as

A plate of mass m, supported by a slender straight beam as shown in the Fig. P5.7, vibrates while sinusoidal force is applied to the center of the plate. Find the natural frequencies as a function of the mass m, flexural ...

In a simple economy suppose that all income is either

In a simple economy, suppose that all income is either compensation of employees or profits. Suppose also that there are no indirect taxes. Calculate gross domestic product from the following set of numbers. Show that th ...

Estimate the total volume of water required to remove a 3

Estimate the total volume of water required to remove a 3% residual trichloroethylene (TCE) spill from 1 m3 of an aquifer of porosity 0.3 and organic carbon content of 1%. The density of TCE is 1.47 g/cm 3 and its aqueou ...

In this problem we will compare the performance of a

In this problem we will compare the performance of a 16-dimensional pyramid vector quantizer and a 16-dimensional LBG vector quantizer for two different sources. In each case the codebook for the pyramid vector quantizer ...

The sydney transportation company operates an urban bus

The Sydney Transportation Company operates an urban bus system in New South Wales, Australia. Economic analysis performed by the firm indicates that two major factors influence the demand for its services: fare levels an ...

The upward-sloping long-run supply curve for cotton

The "Upward-Sloping Long-Run Supply Curve for Cotton" application shows a supply curve for cotton. Discuss the equilibrium if the world demand curve crosses this supply curve in either (a) a flat section labeled Brazil o ...

Suppose that five bidders with values of 500 400 300 200

Suppose that five bidders with values of $500, $400, $300, $200, and $100 attend an oral auction. Which of these is closest to the winning price?

  • 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

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

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen