5. Identify the author of "The principles of Political Economy and Taxation"

Q: Money demand is likely to increase the most during which part of the business cycl A. recession B. t...

A: Business cycle refers to series of economic expansion and contraction. 

Q: Explain the relationship between demand, indirect utility and expenditure functions and discuss thei...

A: A consumer's desire to acquire items and services, as well as their willingness to pay a price for t...

Q: Suppose the Federal Reserve increases the amount of reserves by $150 million and the total money sup...

A: (a) There are an increase in the amount of reserves by $150 million and the total money supply incre...

Q: Exercise 5.3 Wage bill Let a = 0.5. (This number may or may not reflect reality.) Let K = 6 and L = ...

A: Labor market equilibrium refers to the equilibrium where the labor demand and labor supply are equal...

Q: Complete the ollowing table to whether Kenji is correct. Price Quantity Demanded Total Revenue Total...

A: A monopoly occurs when there is just one seller in the market. S/he always tries to maximize profit....

Q: 35. When total utility becomes maximum, then marginal utility will be

A: To find : What will be marginal utility when total utility becomes maximum. 

Q: Why has the human population continued to grow despite environmental limitations? Do you think this ...

A: In democratic government it has been the notion that there is both public and private sector involve...

Q: The figure below shows a market of good C. Suppose that the government levied a tax on C. If the si...

A: The markets are the place where the buyers and the sellers of various goods and services tend to mee...

Q: In monopolistic competition, a firm is in long run equilibrium

A: To find : When will be firm in long run equilibrium. 

Q: Automatic stabilizers   a)increase consumption during a recession above what it would otherwise be...

A: Automatic stabilizers work to maintain the equilibrium in the economy.  Too much of inflation or def...

Q: Comparative & Absolute Advantage 30 day month BEEF (10 days) COFFEE (20 days) ITALY 150 200 Portugal...

A: Absolute advantage: A country has an absolute advantage in the production of the commodities if more...

Q: The price p (in dollars) and the quantity q sold of a certain product obey the demand equation q p =...

A: Disclaimer: “Since you have asked multiple questions, we will solve the first three questions for yo...

Q: what do you understand about unemployment rate among young graduates?

A: Unemployment is referred to be a situation whereby a person who has the ability to work and is also ...

Q: In the context of the monetary approach to the determination of the exchange rate, what is the effec...

A: As a particular product gets into manufacturing process, cost  takes place and business follow ups. ...

Q: 3

A: The money demand curve shows the inverse relationship between the interest rate and the quantity of ...

Q: Peaks & Valleys Co. serves customers in two towns, Abovely and Belowing. Residents of Abovely have d...

A: Third degree price discrimination refers to the practice of dividing the market into segments and ch...

Q: Maximize XYZ s.t. 2X+30Y+150Z = 900. If X is the quantity of bus rides, Y is the quantity of train r...

A: Given Utility function U=XYZ Budget constraint 2X+30Y+150Z=900 X= quantity of bus ride Y=quantity of...

Q: - Consumer surplus is highest in case of

A: To find : In which case consumer surplus will be maximum. 

Q: 7 Please use diagrams or do not do!!!!!!!!!!!!!!! Using the 3-equation model and provide a detailed ...

A: Structural equation modelling (SEM) is a word that refers to a set of methodologies used by scientis...

Q: -. All inputs can be varied in O Short run

A: To find : When do input varies. 

Q: What are the determinants of social class?

A: Following are the main determinant of social class :- 1. Wealth and income - Social respect is deter...

Q: The value of money depends on which of the following factors? O a. The durability of the bills O b. ...

A: Answer to the question is as follows:

Q: If supply is diminished what happens to the price of goods? What happens to the demand for goods? Us...

A:

Q: Which of the following is (are) likely to lead to increased capital inflow into Canada? O a. All of ...

A: Capital inflow in Canada refers to the situation when Canada receives Capital or financial investmen...

Q: Consider the market for trees in a public park. These trees are a public good that give benefits to ...

A: a. Without the involvement of the Government, each group will set their marginal willingness to pay ...

Q: 21 Consider the following demand function: x* = 2P+3Py Calculate the (own) price elasticity of deman...

A: Own price elasticity measures the percentage change in quantity demanded of good when price of the g...

Q: Suppose the market for apples is perfectly competitive. The short-run average total cost and margina...

A: A perfectly competitive firm is a price taker. It accepts the market price as given.

Q: mand function in Number I becones Qd 40 -4P. w demand schodulo to the schodule constructed in Number...

A: 1.  We are given the demand function:           Qd = 50-4P 

Q: As a result of the tax on capital income, labor productivity O might change but whether it increases...

A: Taxes are unintended fees placed on individuals or companies and levied by a government agency – reg...

Q: Given an economy is currently producing at $1.2T rGDP, natural rGDP is $1.3T, and the MPC is 0.9, th...

A: The output produced by the country is less than the potential output so there is a contractionary ga...

Q: An externality arises when one economic agent's actions affect the welfare of others in ways that ar...

A: The indirect benefit or cost being caused to third parties mainly arising due to the effect of activ...

Q: For each of these goods, state whether it is rival in consumption and excludable and explain why. De...

A: In an economy, rivalry refers to the availability of a good for the people when an individual is con...

Q: Legal and Ethical Behavior

A: There is a difference between the legal system and ethical decisions, even though they are used most...

Q: Define sustainable development and the “triple bottom line,” and discuss how sustainable development...

A: Non-Renewable resources are the resources that are available in nature and which cannot be renewed o...

Q: Suppose the evening news anchor announces that "The Bank of Canada Raises the Target Overnight Rate ...

A: Target overnight rate is the interest rate at which banks borrow and lend from one another in the ma...

Q: Consider a small economy with only 2 banks, DSB and TKB, in the banking industry. Both banks have to...

A:

Q: 11. What are remedies for "free ridership" on a team? a. Address the free rider to find out why not ...

A: The free-rider problem is a sort of market failure that happens when people who profit from communal...

Q: Which of the following is false concerning the European Union? Group of answer choices All of its m...

A: The 27 EU countries are: Austria, Belgium, Bulgaria, Croatia, Republic of Cyprus, Czech Republic, De...

Q: Which of the following is NOT a function of money? O a. A unit of account O b. A store of value O C....

A: Money has three primary functions which are mentioned in next step

Q: Global communications in the information age O 0. Connect populations living at distance from home c...

A: The sharing and development of information through nonverbal and verbal messages in international se...

Q: Oescribe Hhe strotugy 450 words. blue ocean in appioximately

A: Bluethe co Ocean is a term which was originated by two business professors Renee Mauborgne and Chan ...

Q: Is the relationship between total fertility rate and the rate of enrollment of girls in secondary sc...

A: Yes, the overall fertility rate and the rate of female secondary school enrolment are linked.

Q: Germany and the US are both presidential systems. Group of answer choices True False

A: There are two types of systems to run the government in a country, i.e., the Presidential system and...

Q: Why do poorer societies have higher population growth rates than wealthier societies? How does pover...

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

Q: Susan has the option to purchase eyeglasses, E, $3 each, and orange juice,O, $1 each. Her income is ...

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

Q: Autonomous consumption = $1,000 Marginal propensity to consume = 0.75 Taxes = $800 Transfers = $300 ...

A: Autonomous consumption = $1000 Marginal propensity to consume = 0.75 Taxes  = $800 Transfers  = $300...

Q: A profit-maximizing monopolist finds that if it remains open, the best output is 50 a week, but at t...

A: The average revenue (AR) curve depicts the price level at each level of output.  i.e., AR = Price A ...

Q: Consider a two-period model in which you work and save in the initial period (period 0) and live off...

A: r= 0.5 Y0= $250,000 Y1= $0

Q: Discuss the likely effects of an increase in uncertainty about cash flows on the responsiveness of a...

A: Introduction When the interest rate changes on debt, it will impact the net income of firms. It will...

Q: Based on the graph below, how much is the marginal product of labour of the sixth worker, if Q5=67 u...

A: Here, the given graph shows the number of workers and their productivity in terms of output.