If sellers bear more of the burden of taxation then O supply is more elastic than demand O elasticity of demand and supply are the same demand is more elastic than supply O none of above

Q: Opportunity cost is all about making choices and how you adequately and effectively manage it. What ...

A: Answer - 

Q: Suppose you observe the time series of output y and real money supply M/P reported in the Figure bel...

A: Answer -

Q: How is a downward-sloping demand curve related to total revenue and marginal revenue?

A: The demand for a commodity is always related to the price of a commodity because when the price of c...

Q: In 2020 three pharmaceutical firms Lexon, King Pharmaceuticals Ltd and Alissa Healthcare Research Lt...

A: Answer - 

Q: What would be the effect of an unexpected increase in the price of oil on a graph showing aggregate ...

A: In an economy, aggregate demand and aggregate supply curves are the graphical representation of the ...

Q: The demand for good X is estimated to be Qx d. %3D 10, 000 – 4Px + 5Py + 2M + Ax, where Px is the pr...

A:

Q: can be defined as a situation in which one producer, or a group of producers acting in concert, cont...

A: Monopoly is a form of market structure in which a single firm sells a commodity for which there are ...

Q: ing Q is given by the following: 2P = 20 - Q any people would cross the bridge if there were no toll...

A: Demand for bridge crossing Q is, 2P = 20-Q

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A: The Balance of Payment(BOP) is the statement that shows the international transactions of any countr...

Q: If the U.S. interest rate falls relative to other countries' interest rates, then the exchange rate ...

A: An international exchange rate, also said as a foreign exchange rate. It is the price of a currency ...

Q: 6. When as a result of decrease in price of good, the total expenditure made on it decreases we say ...

A: To find : Price elasticity of demand 

Q: How can UNIDO address the negative environmental impact of the semiconductor industry while preventi...

A: Answer -  

Q: In the case of a Giffen good, the demand curve will be

A: To find : What will be demand curve. 

Q: Goods imports 635 Goods exports 419 Services imports 144 Services exports...

A:

Q: . In the long run, profit maximizing monopolies make A. zero economic profit. B. positive economic p...

A: The answer is - D. positive or zero economic profit.  

Q: Profesör Çabuk homotetik bir fonksiyonu γ’ıncı dereceden homojen bir fonksiyonun monotonik artan bir...

A:

Q: suppose that the first $5000 income earned is not taxed at all, the next $10000 earned is taxed at t...

A: Marginal tax is calculated by multiplying the tax rate with the income. In the given case, Tax on in...

Q: 7. Libby: "The unemployment rate went up between May and June of 1991." Michael: "The number of peop...

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Q: Northern Bank: Balance Sheet Assets Liabilities $420 $7,580 $8.000 Deposits Capital $7,000 $1,000 Re...

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Q: Give ways/examples that the Member States of the United Nations can do to ensure that developing nat...

A: Globalization and technological progress are inextricably linked. As the Internet's rapid spread cre...

Q: Define the three principles of sound tax system (Fiscal Adequacy, Equality or Theoretical Justice, A...

A: The tax system is defined as a principle-based system of legally regulated public relations that ari...

Q: 10. Unemployment benefits usually last for 26 weeks; however, the federal government can vote to ext...

A: The economics as a study is based upon the basic idea of scarcity, and the resources which are prese...

Q: If the U.S. started to import textiles from Mexico according to a free trade agreement, but the U.S....

A: Introduction:- trade diversion is defined as the changing of the trade from one country to another c...

Q: Answer both questions 2. Suppose a particular stretch of river can be used to build a hydropower da...

A: 2. Given generation of electricity.  = Q kilowatt-hours. Price of electricityP = 1.44 per kilowatt-h...

Q: 3. Assume that you are an economic consultant. The firm that hired you has provided the information ...

A: Here, the information related to price, quantity and cost of a  firm is given by the economic consul...

Q: The case for free trade is strong but the losers need more help. Which statements below are true? -T...

A: Many analysts have focused on the economic hardship that will be felt by both sides as a result of t...

Q: In a simple model without government spending or taxation, if C = a +bY where C is consumer spending...

A: The consumption function depicts the functional relationship between consumption and level of income...

Q: Assume that people will spend $0.60 of every extra dollar they earn. Further assume that the real in...

A: According to the question, "people spend $0.60 of every extra dollar they earn" this means marginal ...

Q: Under a gold standard, countries should Group of answer choices keep the supply of their domestic ...

A: Gold Standard features:- (i) The monetary unit is established in accordance with the specific gold a...

Q: A two-person game in which each person has access to only two possible strategies will have at most ...

A: Answer: A two-person game in which each persona has access to only two strategies can have more than...

Q: You are given the following information about an economy GDP at Market Prices 1,,669.4 Imports 290....

A: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-parts at a...

Q: This exercise applies the basic Ricardian model of one factor and two goods. The table below contain...

A: "Correct answer is option A."

Q: Need correct answer with explanation.thank you Given the following equation AE = 800 + .95 Y, AE = t...

A: Aggregate expenditure refers to the overall expenditure incurred by an individual in an economy on t...

Q: QH: Use the demand function D(p)=(p-10)^2 * (p+10)^2 for p values between 0 and 10. Suppose there is...

A: Answer -

Q: Under which market structure, average revenue of a firm is equal to its marginal revenue

A: To find : Under which structure, average revenue of a firm will be equal to it's marginal revenue 

Q: Final goods or services used to corpute GDP refer to O the value of outstanding shares of stock of m...

A: Let's first understand about two broad categories of goods which are final goods and intermediate go...

Q: The single entity of interest is a single Sample O Unit Variable Statistic

A: When talking about entity of interest, it implies the parties or stakeholders related to a specfiic ...

Q: flat demand curves; easy exit; easy entry

A: Answer Option (a). Flat demand curves easy exit, easy entry. Explanation- In perfect competition,  F...

Q: Describe in detail about Equilibrium, budget line, new equilibrium as well as how consumers are affe...

A: Consumers, producers, households, and other economic variables are the focus of microeconomics. It c...

Q: Amy has $24.00 a week to spend on coffee and Quantity (cups of coffee per week) рop. 24- The price o...

A: Budget line: - it is the graphical representation of different combinations of two goods that a cons...

Q: i = 8% 0 – 1-2- 3- 4-5-6 $5500 $7100 F $9500

A: Given information: Interest rate = 8% Required to find =  F

Q: John is thinking about going to the movies tonight . A ticket costs $ 9 and he will have to cancel h...

A: The opportunity cost of doing any activity is the value of the next best alternative which has been ...

Q: How to convert daily interest rate into monthly interest rate?

A: Calculating the annual equivalent of a daily charge or per diem interest, or compounding annual grow...

Q: An increase in government spending in a simple open economy leads to Fall in both budget and current...

A: Correct option is the last option i.e. "An increase in both the budget and current account deficit."

Q: What are the major factors causing a shift in aggregate demand (inward or outward)?  What are the ma...

A: Answer: Aggregate demand: aggregate demand refers to the total demand for goods and services produce...

Q: In Figure #1, which of the following points represent attainable production points? none of the poin...

A: Production possibility curve (PPC) is a representation of two goods which depicts the different poss...

Q: QUESTION 33 Ricardo's theory of trade is based on (A: productivity of labor; B: doportunity cost; C:...

A: Note:  We’ll answer the first question since the exact one wasn’t specified. Please submit a new que...

Q: Explain neoclassical theory of distribution.

A:

Q: In an economy with 200 million people, 150 million hold jobs and 20 million are not working but are ...

A: The unemployment rate is the number of unemployed people divided by the labor force. The formula is,...

Q: why do technological improvements only increase population and not the long-run standard of living?

A: In an economy, technological improvement refers to the situation when their is an enhancement in the...