The GATT strongly favors tariffs as a protective measure over The GATT strongly favors tariffs as a protective measure over quotas or other nontariff measures. It encourages new members to convert quotas to their tariff equivalents. One of the main reasons tariffs are preferred is because they are more transparent, particularly by comparison to nontariff measures. Explain the idea of transparency, and how nontariff measures may be nontransparent. The GATT strongly favors tariffs as a protective measure over

Q: Is it a good idea to maximize economic growth by producing and consuming more and more economic good...

A: Economic decisions depends on factors of supply and demand of goods and services.

Q: Which of the following will most likely cause a rightward shift in the aggregate supply curve? An ad...

A: The aggregate supply curve is the total of all the supply curves of the entire economy.

Q: C. The president nominates members of the Board of Governors.

A: The Federal Reserve is the entity in charge of the country's monetary policies and the regulation of...

Q: 4. Problems and Applications Q4 When someone owns an asset (such as a share of stock) that rises in ...

A: When capital gains are realised, the gains are the included in the income of the individual in the y...

Q: Some Firms Struggle to Hire Despite High Unemployment Matching people with available jobs is always ...

A: Even if the labor market is working properly, there tends to be unemployment. This is because unempl...

Q: Questions attached below

A: Given Information: C (Y - T) = 1200 + 0.8 (Y - T) I (r) = 100 - 3r G = 200 T = 200 r = 5 Ex = Im = 0

Q: Give an example of a market that has monopolistic competition and explain how the example you have c...

A: Monopolistic competition is a kind of market structure where there are several competitors on the ma...

Q: Discuss how Classical Economists views and Keynesians’ views conflict each other regarding Say’s Law...

A: According to say's law when goods are produced by the firm in the economy, they pay a reward to fact...

Q: Evaluating the relationship between R&D expenditures and net income is an example of the diagnos...

A: Drill-down is an operation enabling a user to move from one point of data to another one in order to...

Q: In the Keynesian cross model, assume that the consumption function is given byC = 110 + 0.75(Y - T)....

A: NOTE: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question...

Q: Suppose that you have utility function U(x, y) = x2 y2, What happens to the share of income spent on...

A: Utility refers to the satisfaction that is received from the consumption of goods and services. Util...

Q: What are the noneconomic effects of unemployment? Who loses from unemployment?

A: Note: In the BNED Guidance, only the first question can be answered at a time. Resend the question i...

Q: List and then describe the four market structures we comapred and contrasted in class lectures. Incl...

A: In economics a market can be defined as the sum total of all the buyers and sellers in a specific ar...

Q: Quèstion 18 How many threads can be executed at a time? Only one thread Multiple threads Only three ...

A: Multiple threads can be executed at a time.

Q: What does the law of equi marginal utility states? MU , MU x a) Px MU X b) Px MU, Pz > MU m P; MUY P...

A: "Utility is the usefulness of a good. It refers to the want satisfying power of a commodity." "Margi...

Q: How did the flood affect onion production? Can you show the change in equilibrium price and quantity...

A: The demand curve(D) shows the relationship between the price(P) and quantity demanded(QD) given all ...

Q: What is the value of Private Savings? What is the value of Public Savings? What is the value of Nati...

A: The national savings are the sum of private savings and public savings of the country.

Q: Giving the following data for macro lanc year 2015 : p1 15 and p2 17 year 2020 : p1 12 p2 14, what i...

A: Given : Year 2015 : p1-15,p2-17 Year 2020 : P1-12,p2-14 Consumption- 8q1, 11q2 Base Year=2019

Q: If the demand function for a good is P= 10- Q and the firms total cost function, TC. is Q + 6Q-10 wh...

A: The demand function shows the relationship between the quantity demanded of the good by the consumer...

Q: Compare and contrast the various types of economic systems

A: An Economic System is any process which includes mechanisms for the manufacture, delivery, and trade...

Q: Define a variable cost and a fixed cost. What causes changes in these costs? Give two examples of ea...

A: Since you have asked multiple questions, we will solve the first question for you. If you want any s...

Q: What is stagflation caused and why are the politics of crisis management difficult?

A: Stagflation is described as a period of slow economic growth and relatively high unemployment—or eco...

Q: Include correctly labeled diagrams, if useful or required, in explaining your answers. A correctly l...

A:

Q: The behavior of long run average cost determines what is known economies of scale, constant return t...

A: The long-run average cost shows the cost of producing per unit of output in the ling-run. The long-r...

Q: Steve decides to place his money into an account that compounds interest quarterly at the rate of 5....

A: By formula, amount that would be received by Steve after 5 years is given by- Amount(A) = P(1+r4100)...

Q: Explain the Mundell fleming model with assumptions also what are the imlication of this model

A: The Mundell fleming model is an extension of the model of IS-LM.The Mundell–Fleming model describes ...

Q: Who benefits from inflation? Who loses from inflation?

A: Inflation refers to a rise in the general price levels over a given period of time. Inflation is mea...

Q: Why is it likely that road maintenance in a city would be underprovided if maintenance were only pro...

A: The market failure occurs when there is a problem of asymmetric information. There are two types of ...

Q: The power that distinguishes an owner from others when is comes to land is the power to others from ...

A: Answer- Need to find- The power that distinguishes an owner from others when ic comes to land is the...

Q: Fiscal stance refers to: Select one: A. A government that takes a tough stance when it comes to r...

A: Fiscal policy refers to government actions that result in a change in the level of economic activity...

Q: The opportunity cost of holding money is   A. the transactions demand for money.   B. the ...

A: The potential benefits that a person, investor, or company loses out on by choosing one option over ...

Q: True or False Assume a closed economy in which C = 60 + 0.5(Y - T), G = 40, I = 40 T = 0, where C is...

A: Y = C+I+G Y = 60+0.5(Y)+40+40 Y = 140+0.5Y 0.5Y = 140 Y = 280   Now, Private Sector Saving = S = Y -...

Q: question 3Consider the AS-AD and three-equations models of a closed economy discussed in the course....

A: (a) The expressions for Aggregate Demand and Aggregate Supply are: AS = Y = C + S, where, C = Consum...

Q: When the Federal Reserve buys government securities (bonds) in the open market, how will it affect t...

A: Open market operations (OMO) refers to when the Federal Reserve buys and sells primarily Treasury se...

Q: Where is income inequality the worst?

A: Income inequality refers to the situation where there is wide misallocation of income between the di...

Q: What are the basic reasons to choose price-cap regulationinstead of rate-of-returnregulation? Briefl...

A: Price cap regulation sets a cap on the price of the product.

Q: 1b- Please answer this question in detail. Many Thanks

A: b) Comparative advantage: The theory of Comparative advantage states that a country has benefits not...

Q: Which of the following items is not a component of the income approach of measuring the U.S. GDP? O ...

A: The Gross Domestic Product (GDP) is the standard measure of value-added produced during a certain ti...

Q: List and then describe the four market structures.  Include significant areas of identification (num...

A: Suppliers have the ability to trade with one another, which is one of the features of a free-market ...

Q: The Federal Open Market Committee can buy and sell government securities/bonds. Which of the followi...

A: The central bank of the country is the apex bank of the country which is authorized to implement the...

Q: Assume that the following data characterize the hypothetical economy of Trance: money supply = $210 ...

A: From the given question, we can understand that the money supply =$210 billion, the quantity of mone...

Q: A criticism of the unemployment rate is that: underemployment is measured in its calculation. O the ...

A: The rate of unemployment is the percentage(%) of the labor force(LF) that is jobless. It generally i...

Q: Find the present worth of $2,254 in year 1 and amounts increasing by 10% per year through year 7. Us...

A: Given : Initial Amount in Year 1=$2254 Interest rate=12% Increase every year in amount=10%

Q: When there is a problem of a delay in terms of implementation of the fiscal policy, that would be ca...

A: Since you have posted a question with multiple sub-parts, we will solve first three subparts for you...

Q: Your uncle offers you a "sure-fire" investment opportunity. All you have to do is invest $2000 and y...

A: The time value of money is a concept of simple interest and compound interest which states that the ...

Q: Personal consumption expenditures $4,750 Exports $810 Federal government spending $1,400 Socia...

A: It is the method National method is calculated through expenditure made by consumers on final goods....

Q: Write a short note on the Great Depression including its causes, consequences, and development of ne...

A: The great depression is a major economic disaster that is originated in The USA around the 1930s. Fi...

Q: A country with zero population growth is likely to be ________. a. in Africa b. in Asia c. economica...

A:

Q: The long run is different from the short run in that, in the long run, a. Resources prices are va...

A: The SR {"short-run"} is described as a concept in which one input factor is fixed and the other fact...