Economics category

Posted by Tyler Brodie some time ago

1. The demand for personal computers can be characterized by the following point elasticities: price elasticity = 5, cross-price elasticity with software = 4, and income elasticity = 2.5. Indicate whether each of the following statements is true or false, and explain your answer. A. A price reduction for personal computers will increase both the number of units demanded and the total revenue of sellers. B. The cross-price elasticity indicates that a 5% reduction in the price of personal computers will cause a 20% increase in software demand. C. Demand for personal computers is price elastic and computers are cyclical normal goods. D. Falling software prices will increase revenues received by sellers of both computers and software. E. A 2% price reduction would be necessary to overcome the effects of a 1% decline in income.

Posted by Joyjit Ghosh some time ago

Indian exploding population is a headache for the world- Agree or not? Why?

Posted by Roaring some time ago

Where does it hurt?

Posted by Sara Gorham some time ago

How will the national debt affect the U.S. investment environment? What role do interest rates play in the process? What are some of the economic ramifications of a high national debt? How can we deal with the national debt and what concessions might the U.S. have to make? Is it accurate to say that

Posted by Linda Joy some time ago

What will you absolutely not pay for under any circumstances?

Posted by Linda Joy some time ago

When you're trying to budget, on what will you not compromise and still splurge?

Posted by Noble Imperial some time ago

Which item would probably have inelastic demand for a student?

Posted by Taimoor Arif some time ago

CAN I create bank who's only job would be to manage people money and bank will make money only through (providing service of tan section, debt card,etc (no loaning interest no credit) by question is will it work will it be able to compete with other banks and government because i am muslim and like in muslim country and muslim dont like interest based business and loaning involve interest so if people support this kind of bank will it be able to survive because banks control money supply and they would not going to like this idea

Posted by Tayshawn Coats-furrowh some time ago

Should free trade be encouraged

Posted by ninja man some time ago

How concerned are you about the economy?

Posted by Alonzo Garbonzo some time ago

Why is economics called the "dismal" science?

Posted by Jason Vargus some time ago

What is the most expensive bill you pay?

Posted by nena87 some time ago

Why is private property, and the protection of property rights, so critical in the success of the market system?

Posted by Egao No Genki some time ago

With Silicon being made out of sand, and the electronics industry booming worldwide, are desert nations making money off of the sale of sand?

Posted by Linda Joy some time ago

What do you buy more of even though you know you have plenty?

Posted by Roaring some time ago

Can these two ideas work in unison: What makes sense and What makes money?

Posted by Linda Joy some time ago

Would you be comfortable going cashless? Would you be okay with a cashless society?

Posted by ZAYLA1 some time ago

SUPPOSE THAT A MARKET IS IN EQUILIBRIUM AT A PRICE OF $10.00 AND A QUANTITY OF 5000 UNITS A DAY. SEVERAL MONTHS LATER THE MARKET IS IN A NEW EQUILIBRIUM AT A PRICE OF $5 AND A QUANTITY OF 5000 UNITS A DAY. WHAT HAPPENED TO THE MARKET?

Posted by chayanka some time ago

What role do prices play in the allocation of resources in a free market economy?

Posted by cathytaylor some time ago

Is Pakistan china Economic corridor really a game changer for the middle east?

Posted by Stuck in the 80s some time ago

What is the easiest way to invest in an ICO?

Posted by Roaring some time ago

What is the inherent value of bitcoin in peer to peer economic exchanges?

Posted by Anonymous some time ago

The classical economic doctrine held that the normal equilibrium position of the economy was one of -(a) rising internet rates, (b) some unemployment, (c) rising prices (d) full employment.

Posted by paullovesheather some time ago

What determines gas prices for a particular region?

Posted by gondal some time ago

Which of the following goods have more elastic demand/ supply? explain why?

Posted by Linda Joy some time ago

Do you think the new small bank deregulation proposals will help our economy?

Posted by Linda Joy some time ago

What do you think about the unemployment rate in your area?

Posted by -O-uknow some time ago

When the U.S economy sneezes.. does the world economy catch a cold?

Posted by Anonymous some time ago

What is the economic system in China

Posted by HAPPY FEET some time ago

How long will this planets oil last? and what will the alternative be?

Posted by hugobrown some time ago

Is the chinese economy going to collapse soon, and if so, how soon?

Posted by Anonymous some time ago

Economics deals primarily with the concept of? a. power b change c scarcity d poverty

Posted by jedmunds some time ago

Is it better for a hotel to have a price inelastic or a price elastic demand?

Posted by amos francis some time ago

WHAT IS INDEX NUMBER AND COST OF LIVING,CALCULATE THE PRICE INDEX AND CONSUMER INDEX.

Posted by mir some time ago

What is natural diaster

Posted by Jimbo some time ago

Could a government just print its way out of a trade deficit? If a country owes money overseas, could it not just print money to pay for its debt? As this money would be going out of the actual country, then inflation wouldn’t be a problem, right?

Posted by MASEGO KHUMALO some time ago

What is gnp perc apita

Posted by Motive some time ago

Definition of economically marginalized groups

Posted by Jill some time ago

The demand far a resource depends primarily upon: a) the supply of that resource b) the demand for teh product which it helps produce c) the price of that inout d) the elasticity of supply of substitute inputs e) none of the above

Posted by chucks some time ago

What is ratio analsis and the types of ratio analysis?

Posted by Bluemuun some time ago

Some things have either stopped selling or slowed down, do you know of any items that have increased in sales?

Posted by Melonhead some time ago

The fact that monopoly and monopsony exist in resource markets means that:

Posted by Chelsiie some time ago

Who own the Means of Production in a Capitalism/Free Market system?

Posted by Jbabe some time ago

Why do banks pay interest

Posted by WillyPenn some time ago

Does more economic freedom for the developing countries mean more development? how?

Posted by anasir01 some time ago

The production function Q= 0.25X0.5Y exhibits: a. constant returns to scale. b. increasing returns to scale. c. increasing and then diminishing returns to scale. d. diminishing returns to scale.

Posted by Anonymous some time ago

What demographics for 60 and older in Lincoln Parish, Louisiana

Posted by SarahBeth5 some time ago

Globally, what is the estimated number of direct suppliers of parts to the auto industry?

Posted by Butterfly69870 some time ago

Do you believe the saying "you get what you pay for?"

Posted by Anonymous some time ago

What are the three components of teh ISO 9000:2000 standards?

Answerbag | Terms of Service | Privacy Policy