The owner of a small pizzeria is deciding whether to increase the radius of delivery area by one mile. What considerations must be taken into account if such a decision is to increase profitability? Answer Chapter Two You can spend spring break either working at home for $125 per day for five days or go to a Caribbean resort for the week. If you stay home your personal expenses will total about $120. If you go to the resort the airfare hotel food and miscellaneous will total about $1200. What is your opportunity cost of going to the resort? Answer Chapter Three Why does international trade occur? What does it mean to run a deficit in the merchandize trade balance? Answer Chapter Four Determine whether each of the following statements is true false or uncertain. Then briefly explain each answer. Answer Chapter 5 Define leading and lagging economic indications and give an example of both. Answer Chapter 8 Explain how technological changes can cause unemployment in some areas? How it can create employment opportunities in other areas? Give an example. Answer Chapter 9 What is the spending multiplier? Give an example of how it works? Answer Chapter 10 Explain how expected prices levels and short run aggregate supply relates to expansion and recessionary gaps. Answer Chapter 11 Describe at least two automatic stabilizers and explain how they work. Answer Requirements: answer question fully book | .doc file In equilibrium all sellers can find ers. In equilibrium there is not pressure on the market to consume more than is being sold. At prices above equilibrium the quantity exchanged exceeds the quantity demanded. At prices below equilibrium the quantity exchanged is equal to the quantity supplied. In equilibrium all sellers can find ers.In equilibrium there is not pressure on the market to consume more than is being sold.At prices above equilibrium the quantity exchanged exceeds the quantity demanded.At prices below equilibrium the quantity exchanged is equal to the quantity supplied. ‘
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