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  • Economics Homework 4.22

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    Joycee
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    This economics homework document contains 8 questions covering topics such as factors of production, reasons why firms employ more capital than labor, ways to increase enterprise, opportunity costs of government spending, defining disequilibrium, complements and examples, differences between contractions and decreases in supply, and using demand and supply curves to analyze changes in the market for newspapers from shifts in the internet, major news stories, and changes in costs and prices of rivals.

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    This economics homework document contains 8 questions covering topics such as factors of production, reasons why firms employ more capital than labor, ways to increase enterprise, opportunity costs of government spending, defining disequilibrium, complements and examples, differences between contractions and decreases in supply, and using demand and supply curves to analyze changes in the market for newspapers from shifts in the internet, major news stories, and changes in costs and prices of rivals.

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    6 views1 page

    Economics Homework 4.22

    Uploaded by

    Joycee
    This economics homework document contains 8 questions covering topics such as factors of production, reasons why firms employ more capital than labor, ways to increase enterprise, opportunity costs of government spending, defining disequilibrium, complements and examples, differences between contractions and decreases in supply, and using demand and supply curves to analyze changes in the market for newspapers from shifts in the internet, major news stories, and changes in costs and prices of rivals.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    Economics Homework 4.

    22

    1 Define factors of production. (2)

    2 Explain two reasons why a firm employs more capital than labour. (4)

    3 Explain two ways to increase enterprise. (4)

    4 Explain an opportunity cost to the government spending money on education. (4)

    5 Define disequilibrium. (2)

    6 Define complements and give examples. (2)

    7 Explain the difference between a contraction in supply and a decrease in supply.


    (4)

    8 Draw demand and supply curves for newspapers in the following conditions and
    identify the changes of price and quantity. (12)

    (a) more people finding news information from the internet


    (b) major news story breaking
    (c) a rise in the cost of print and a rise in the price of a rival 竞争的 newspaper

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