Q: What is an appropriate role for city government in creating affordable housing in cities like…
A: The most immediate way the state government could assuage lodging cost troubles on low-pay families…
Q: (1) Patricia owns a cleaning business with Sarah. They both have other jobs and are trying to…
A: As per the guidelines answer is given to the first question i.e. (1): (1) "A payoff matrix in game…
Q: Question 5 In a monopolistically competitive industry, a firm’s demand curve also represents its...…
A: Monopolistically competitive industry has many firms. Their products are almost similar (close…
Q: What is the total amount of interest paid to the bank over 4 years period if you borrowed $89886 to…
A: The information given is:- Amount borrowed = $89886 Monthly interest rate = 1% Tenure = 4 years We…
Q: 1. Assume you spend your entire incomc on two goods X & Y with prices given as Px & Py,…
A: Given function U=X2+Y2 Price of X=Px Price of Y=Py
Q: Refer to the diagram. The initial aggregate demand curve is AD1 and the initial aggregate supply…
A: Inflation measures the rate of increase in the general price level in the economy. Inflation can be…
Q: Q.2. Explain why there must be mistake in the following statement: "A quality control engineer…
A: 2) There are events and probability of occurrence of each event given in the question i.e. number of…
Q: What about 2& 3?
A: In an economy, an individual will make his consumption decision based on his preferences and that…
Q: Maroons Medical Supplies, Inc. must order masks from its supplier in lots of 1 dozen boxes. Given…
A: Annual demand (D) = 26,000 dozen The cost per order placed (O) = P30 Carrying costs (H) = 20% OF…
Q: 123. The major difference between the PLC model and the BCG's Product Portfolio approach is that: a)…
A: The PLC model is a product's life cycle based on four stages: introduction, growth, maturity, and…
Q: The nominal GDP will increase by 6% when O real GDP decreases by 10% and GDP deflator increases by…
A: "Nominal GDP growth rate is computed by adding growth rate in real GDP and inflation rate (which is…
Q: What are the relevance of intercultural communication to Technological Process Globalization?
A:
Q: Consider an economy in which the marginal propensity to consume is 0.8 and GDP is currently at…
A: Given; Marginal Propensity to Consume= 0.8 Current GDP= 12000 Tax multiplier=-MPC1-MPCGovernment…
Q: 4. Suppose the economy has 100 units each of goods X and Y and the utility functions of the (only) 2…
A: * SOLUTION :- (4) Given that , Ua ( Xa,Ya) = X^0.25*Y^0.75 Ub (Xb,Yb) = X^0.75* Y^0.25 From…
Q: 2. give two curvilinear equations of thr sector economy: IS, where Y = 2000 – 5000r IS2 di mana Y =…
A: Given that, IS1, were Y = 2000-5000r IS2 were Y = 3000-5000r
Q: In the Simple Keynesian Macroeconomic Model, which of the following will determine the level of…
A: Autonomous expenditure is the necessary expenditure.
Q: Suppose that there is only one zoo in city A. The demand schedule faced by the zoo is P = 2350 − 70Q…
A: We have a demand function for Zoo P=2350-70Q Fixed cost = $480 Marginal cost for additional ticket =…
Q: Q1 - In perfect Competition short run abnormal profits are: competed away by: A- Firms exciting the…
A: A perfect competition is a structure of a market in which there are many sellers and buyers. The…
Q: discussing factors of production. How would you determine the demand for a factor of production?…
A: Factors of production:- a) Capital. b) Land. c) Labor. a) The demand for a production factors is…
Q: (1) If the demand for product Y increases significantly, then A- the demand for the labor used to…
A: Dear student, you have asked multiple questions in a single post. In such a case, I will be…
Q: true or false: 21) The indivisible reserve of savings and credit cooperatives is NOT covered by…
A: Insurance is a policy wherein the protected party embraces to pay the safety net provider a set…
Q: E. What is the interpretation of the parameter a of the market demand function? F. What is the…
A: Disclaimer :- as you posted multipart question we are supposed to solve the first 3 question only…
Q: Uber is one of the giant corporations and its mobile app allows consumers to arrange transportation…
A: There are basically 4 types of market structures, which are as follows: Perfect competition…
Q: In the last year there has been a significant increase in the inflation rate in Canada. Use the…
A: The money supply is the supply of currency in an economy. It means as the supply of currency…
Q: Question 25 Refer to Table 6-1 in Question 21. Suppose the owners of Lopes and HomeMax meet for a…
A: Collusion is when firms shake hands and decide such strategy that would maximize their profits.
Q: [Extended dynamic analysis and reflection] Petrol prices have recently jumped, and this appears to…
A: Oil prices, like gasoline prices, have an important influence in determining production costs and,…
Q: 3. The price-supply and price-demand equations of a certain product are given by p = S(x) = 15 +…
A: Given information Supply function P=15+0.1X+0.003X2 Demand function P=M-Nx
Q: Which of the following statement is true: a. There can never be price ceiling and price floor that…
A: A subsidy is an incentive provided by the government in financial support or aid to promote social…
Q: Instructions: Analyze and answer the following questions A US Company plans to sell farm equipment…
A: Many factors like legal, economic, political, and cultural factors can affect the business condition…
Q: Amagine you are the manager of a car dealership and you are trying to create an economic model to…
A: An economic model creates a similar situation for a firm in accordance to real life through which…
Q: c. Now suppose a minimum wage is legislated at a level higher than W*, i.e. WMIN>W*. Show it in the…
A: The demand curve for labour, under the ceteris paribus assumption, shows the amount of labor…
Q: account today that earns 5.5% interest compounded monthly if you want to have $1500 saved in 2 years
A:
Q: n the short run, a perfectly competitive firm can Select one: a. earn an economic profit. b. earn an…
A: In a perfectly competitive market, the firm is a price taker and there is free entry and the exist…
Q: A natural monopolist has the total cost function C(q) = 600 + 10q, where q is its output. The…
A: Natural Monopoly is the form of market where only a big single firm provide the goods or services or…
Q: Explanation it correctly and in detail. Q)As long as there is free entry into a market:- A.…
A: If there is free entry and exit in the market, such markets generally have high competition due to…
Q: Explain how oil plays a role in the price of fertilizer. keep in mind-how oil plays a role in the…
A: Oil plays very important role in current world economy. For production of any good inputs are…
Q: Briefly explain how public policy makers use the tools of Cost Benefit Analysis to decide whether a…
A: The cost-benefit analysis is a process which is used to measure the benefits of a decision or…
Q: Suppose two consumers, Jack and Suzy, have identical utility functions defined for pencils (P) and…
A:
Q: Consider an economy in which the marginal propensity to consume is 0.8 and GDP is currently at…
A: Marginal Propensity to Consume refers to the fraction of the income that is spent on consumption. It…
Q: 4B. Which one(s) of the following functions v(x, y) = 2x°y³ – 100, w(x, y) = 3(x+ y) +120, t(x, y) =…
A: Foe different utility functions, we can find out the Different MRS, for those utility functions we…
Q: 3. A linking machine is purchased for #20,000. It is estimated to have a useful life of 10 years…
A: Sum-of-the- years-digit Method (SYD). This technique takes the asset's expected life and adds…
Q: n your own words, what do each Republic Acts below refer to? Describe simple ways on how you can…
A: As the countries are growing or developing, there are various problems also arising and these…
Q: Refer to the diagram. The initial aggregate demand curve is AD1 and the initial aggregate supply…
A: The aggregate supply curve represents the total supply of goods and services by an economy at each…
Q: 7. a. State and explain Arrow's Impossibility Theorem and its implications for social choice. b.…
A:
Q: You want to conduct a survey to determine the proportion of people who favor a proposed tax policy.…
A: The margin of error is a statistic tool with the help of which we can find the amount of random…
Q: On a certain small island, there are only 100 units of labour (L) and 200 units of capital (K)…
A: To produce two goods A and B , endowments of inputs are L=100 and K=200.
Q: Output prices average (total)cost Total cost marginal cost Total profit/loss 10 10 -108 20 10…
A: In case of Perfect Competition, there are large number of sellers selling identical products. The…
Q: 1) Consider the following utility function; U= 10x1 + 15x2, you also know P1=P2=5, and consumer's…
A: Given information U=10X1+15X2 Px=5 Py=5 M=100
Q: U.S. agriculture subsidies make food look artificially inexpensive to consumers. So, these…
A: Agriculture subsidies is one of the most important way, the government intervenes the market and…
Q: Refer to the diagram above. The shift of the aggregate demand curve from AD1 to AD2 might result…
A: The aggregate demand refers to the curve that represents the total quantity of all goods and…
Step by step
Solved in 2 steps
- (1) What are your emotional reactions to the termscapitalism and socialism? Explain why you feel theway you do. (2) Would you rather pay lower taxes andaccept the fact that you need to pay for many servicessuch as health care and education, or pay highertaxes with the assurance that the government willprovide many basic services for you? Why?Discuss the main contributions of 1 economist that influenced by John Maynard Keynes (Keynesianism, Post-Keynesianism, Neo/New-Keynesianism, New Classical) to economic thought. Why do you think his/her economic ideas are important, according to your own perspective?1 Describe two of the big changes that happened in Japan during the Meiji period
- 3. Many people say that businesspeople do not do enough for society. Some students choose to go into the public sector instead of business because they want to help others. However, businesspeople say that they do more to help others than nonprofit groups do because they provide jobs for people rather than giving them charity. Furthermore, they believe businesses create all the wealth that nonprofit groups distribute. a. How can you find some middle ground in this debate to show that both business- people and those who work for nonprofit organizations contribute to society and need to work together more closely to help people? b. How could you use the concepts of Adam Smith to heip illustrate your position?Early during the COVID-19 pandemic, the government used multiple stimulus packages to increase government spending. 3. Using the Z-Y, NX-Y, IS-LM, UIP combined graph on the next page, what should be happening as a result? Show the shifts on the graph itself. NN Z Z NN Y=Z Z c0- if f UI i pvt L M c1T+I+G+NX i10 y 45° if f if NK N Y Y f 0 Y X Y 0 Y 0 Y 20 NX N X E 0 E Y NX Fiscal stimulus1. What is digital globalization? 2. What are tje changes since the globalization was digitalized? What activities have been present in this form of new globalization that didn't really exist before? How do countries exchange exchange goods or participate in globalization this time?
- Looking at economics and class in the 1920s, wealth accumulation, and wealth inequality in the US during this time. - What were the main causes of the Great Depression? What were President Hoover’s responses and how did the public at large react? - Is there any parallels with the last decade regarding fiscal corruption that led to the Great Depression and the recent financial crisis that hit in 2007 and 2008, or the one that we are experiencing in 2020 as a result of COVID-19 lockdowns?QUESTION 5 Why didn't economic depression return after the end of World War II? Because FDR died, so the Republicans could finally start spending government money to boost people's incomes O Because the government continued developing policies to encourage economic growth Because the world was destroyed by war Because the Rockefellers chose to drop their billions of dollars from an airplane over New York City9. Which of the following are stages of the business cycle? Select all that apply. A. trough B. peak C. stagflation D. valley E. supply shock
- QUESTION 9 The rule of 70 is used to find how long it will take an economy to grow by 70 percent. O True O FalseQuestion 5 Which of the following is a microeconomics question? Should the government use fiscal policy to bring down inflation? O Should the government put a tax on alcohol in an attempt to reduce highway fatalities? O Should we have a constitutional amendment to balance the federal budget? O Should the Fed increase interest rates?2. Describe how economic policies (of the UK and the US) were changed to reflect Adam Smith and NeoClassical Economics, Keynesian Economics and Neo-Liberal Economics from the mid 19th century till the present. What economic principles are Alexandria Ocasio Cortez's Green New Deal founded on. (750 to 1500 words)