A law is passed providing for compulsory vaccination and subjects a person to imprisonment for refusing to submit vaccination, except when it is apparent or it can be shown that the person is not fit for vaccination because of his physical condition. Is the law valid?
Q: The text attributes various functions to arguments, including to justify, to persuade, and to…
A: TRUE
Q: Could the buyer even have a right to compensation, even if the buyer in the case had not submitted…
A: CISG-AC is the International Sales Contract Advisory Council whose role is to govern the…
Q: With regards to the law of demand and supply, if you are the manager of a dressmaking shop, what…
A: The law of demand says that there is an inverse association between the price of a service and…
Q: What is a situational example of practicing the rights of employees in a business
A: Employee rights include the right to organize and bargain collectively, the right to work hours and…
Q: Actions by states, international organizations, or the international community in general to…
A: Suffering, or pain in a broad sense, is an unpleasant and aversive feeling related with a person's…
Q: A __________ system is a method of making economic decisions that allows individuals and firms to…
A: In an economy, differ forms of markets are operated under different economic or market system.
Q: When Aaron makes a decision, he tries to minimize its bad effects and maximize its good effects for…
A: When Aaron makes a decision, he tries to minimize its bad effects and maximize its good effect for…
Q: a justification for government intervention in the economy arises from the fact that market systems…
A: Government intervention: Government intercession is any activity done by the public authority or…
Q: The Invisible Hand' alludes to
A: Invisible hand refers to the market's mechanism of consumers and sellers self adjusting to market…
Q: is an unintended consequence an unintended of the specific choices that individuals make Market…
A: market cleaning is an unintended consequences of yhe specific choice that the individual make. -…
Q: When buyers cannot assess the quality of a product before buying, owners of units are more likely to…
A: Company's profit margin per unit sold can be defined as the difference between the price and average…
Q: Which of the following statements is correct?
A: c) A company must use LIFO for financial reporting if it uses it for tax purposes.
Q: What are the features of the human wants in economics
A: Features of Human Wants: Wants are limitless: Human needs are innumerable in number and different in…
Q: The Dictator of Abydos is worried that the population might protest or rebel, as neighboring…
A: There are two players : Public & Dictator Following are the payoffs for the above game :…
Q: Bobby has been recently hired to work on a highway construction crew for the summer. The work is…
A: According to the question, Bobby was recently employed for the summer to work on a highway…
Q: News about high levels of criminal activity in South Africa discourages American tourists from…
A: South Africa is Africa's second largest destination for tourism.It has very popular tourist…
Q: Justify teachings of property law to students of economics
A: Private property refers to the ownership of resources by private individuals without any government…
Q: The act of using goods and services to satisfy the human wants is known as ______
A: According to the given question In Economics human wants are generally classified as that type of…
Q: How might a drought that destroys half of all farm crops be good for farmers? If such a drought is…
A: When the drought does not completely wipe out all crops and destroys half of all farm crops. In such…
Q: Which of the following statements is false?
A: Different market structures are categorized on the basis of number of buyers and sellers, the types…
Q: Giving money to poor family members as help is an example of:
A: Meaning of Social Welfare: The term social welfare refers to the situation under which the…
Q: Willingness to pay Select one a measures the value that a buyer places on a good. bis the maximum…
A: Willingness to pay is the amount an individual to ready to pay for the product.
Q: Which statement of the following is true ?
A: The cost functions like AC,TC,AVC,AFC depicts the functional relationship between output and…
Q: According to the "Scientific Method," what is the economics profession expected to do? Multiple…
A: In economics, the scientific method is used to analyze data, spot trends, and forecast outcomes.…
Q: Political biases have no impact on an economist’s opinions? True or False
A: This statement is false.
Q: What are the Indicators of market potential according to Economic factors?
A: The economic indicators measure the performance of various variables and thus make predictions about…
Q: A website offers a place for people to buy and sell emeralds, but information about emeralds can be…
A: Both customers and suppliers have complete and timely awareness of all commodity values, their…
Q: Suppose there are two types of persons: high-ability and low-ability. A particular diploma costs a…
A: For a low-ability person to not pursue education, it should $25,000 =K – $20,000, otherwise pursuing…
Q: Thelma owns a cat which wakes up her roommate Louise at 6am every morning. Thelma enjoys cat…
A: Every morning at 6 a.m, Thelma's cat wakes up her roommate Louise. Thelma appreciates having a cat,…
Q: Write down the merits of deductive method of economics? 300 words
A:
Q: Government action can usually perfectly correct the market’s shortcomings. true or false
A: Government intervention takes place when there is market failure in the economy and the economic…
Q: During a nationwide program to immunize the population against a new strain of the flu, public…
A: For this, the value of x need to calculated, when the C(x)=17.
Q: A market economy seems to be able to satisfy customers who have different tastes in cars. Whether…
A: The question focusses on the market of cars where personalised services or personalised cars are…
Q: Select one or more: a. A Pareto efficient outcome is where you cannot make anyone better off without…
A: When an economy's resources and goods are distributed to their optimum efficiency, no changes can be…
Q: The Tucker family has health insurance coverage that pays 80 percent of out-of-hospital expenses…
A: Health-care coverage Tucker is currently residing in the United States with his family. For his…
Q: There is some popular unrest in a dictatorship. The population might be in a revolutionary mood, in…
A: This is an example of a signaling game. Nature moves first, thus it knows whether it is…
Q: The idea that ethical judgments are universal was advanced by: a. Kant & Hare b. Dostoyevsky…
A: Moral universalism is the meta-ethical view that certain ethics, or global ethic, applies to "all…
Q: Whose work on decision making received a 2002 Nobel Prize?
A: Answer: Princeton University psychologist Daniel Kahneman received a 2002 Nobel Prize. He won this…
Q: Newsom has committed the state to a $990-million agreement with a China-based electric car company…
A: Newsom has committed the state to a $990-million agreement with a China-based electric car company…
Q: Utilitarian value is an end in and of itself rather than a means to an end. a. True b. False
A: Utilitarian value is characterized as that esteem that a client/customer gets in view of an errand…
Q: Which of the following is true?
A: The tax revenue is the income of the government. The tax earned would result in the income for the…
Q: True/False A Well tested or widely accepted economic theory is often called an economic principle
A: According to the given question Simply we can say that economic principles are those principles…
Q: Which does a utilitarian attempt to maximize? Total amount of happiness (b) Total number of people…
A: The supremacy of happiness above all other aims is the core concept of utilitarianism, and focusing…
Q: pay $50, and person D is willing to pay $90. The willingness-to-pay is one
A: A and B will the pivotal person. They pay a combined tax of $60. Misreporting his willingness to pay…
Q: People tend to view car travel as being safer than airplane travel, but a person is how many times…
A: Odds of dying in a car accident is more than dying from an airplane crash. Odds of dying in a car…
Q: Socialization is defined as ________. A. the process of adjusting and adapting to a…
A: The process of internalizing societal norms and ideals is known as socialization.Learning and…
A law is passed providing for compulsory vaccination and subjects a person to
imprisonment for refusing to submit vaccination, except when it is apparent or it can
be shown that the person is not fit for vaccination because of his physical condition. Is
the law valid?
Step by step
Solved in 2 steps
- )a-Ali receives utility from the Korean vaccine(K) and American vaccine(V) that he receives in thefollowing format: U=K*VPv=200Pk=160I=8000After the Korean vaccine price goes up to 250 TL, as there is increased international competition toreceive it what is the compensation the Turkish government needs to offer for the individual`s utility tostay constant?b)With the Korean vaccine price going up to 250 TL, please differentiate the substitution vs incomeeffect of this price increase. Is the vaccine a normal good or an inferior good?c) Individuals gain utility from two things: leisure(N) and numeraire good consumption(C). In their youththey maximize:U1(N1, C1) = (N)1/2 (C)1/2Budget constraint should be constructed in the following way: With 24 hours of work, you buy leisurehours, and the numeraire good, which has a price of 1. If you get an hourly wage rate of w,Please set up the Lagrangian for utility maximization. Solve for w=10, your labor decision for the firstperiod.d-Let us assume…Computer models of global climate changecaused by increasing carbon dioxide in the atmosphere predictnot only higher overall temperatures, but also more intense andfrequent heat waves. During the devastating European heatwave in the summer of 2003, between 35,000 and 52,000“excess deaths” occurred. Before taking specific actions toreduce carbon dioxide emissions, economists and politicians tryto estimate the costs. Should excess deaths be included as acost of inaction? If so, what value should we place on a life?1. When is the appropriate time to invest, Is it today or after pandemic? Why not? 2. Is is right to impose another lockdown with the new covid strain that was identified?
- I live next door to an insomniac who plays jazz music every weekendlate at night. It is loud enough to keep me awake, but not loudenough to exceed the legal limit on noise pollution. Using Coasianbargaining I couldSelect one:a. Invest in soundproofing out of my own pocketb. Pay my neighbour not to play music at such timesc. Ask my neighbour to pay me to stay elsewhere at theweekendsd. Seek legal redress Please tell me which awnser is correct for this question thank youAli Receives Utility From (D)omestic Vaccines from Kayseri, and the Sinovac Vaccine-(F)oreign. The utility structure is U(D,F)=D x F. The price of the foreign vaccine because of increasing returns to scale is $200, whereas at its earlier stages, the domestic vaccine is produced at a higher cost, and higher price of $250. The government has given each and every citizen a fixed payment of $8000 to spend just on vaccines, but it has not specified which vaccines. a- Does Ali Solve the Utility Maximization Question in an interior equilibrium or a corner solution? How do you know? What condition does the interior equilibrium necessitate regardless. b- Find Ali's Utility Maximizing Level of Domestic and Foreign Vaccines when he uses just the government allowance on vaccines? What is his utility level? C- Suppose the government wants to decrease Turkey's health exports. It pushes a vaccine subsidy, just for domestic vaccines that makes the price of domestic equal to $160. How does the utility…. Profit The revenue from sales of x units of a productis given by R(x) = 200x - 0.01x2, and the cost ofproducing and selling the product can be describedby C(x) = 38x + 0.01x2 + 16,000.a. Producing and selling how many units will givemaximum profit?b. What is the maximum possible profit from producing and selling the product?
- Make diagtna ne ceIn this time of pandemic, the demand of some products increased rapidly. Give examples ofthese products where the demand increased. Did the supply correspond with the increasingdemand of these products? What solutions were made to satisfy the increasing demand of theseproducts?#4. Without a vaccine, there is a 10% chance that Steven will get the coronavirus in 2021. If he gets vaccinated, that risk falls to 1%. Without a vaccines, Steven gets -6000 utils if he gets covid and 0 utils if he stays healthy. Because of side effects, he gets -100 utils from the vaccine if he stays healthy and -6100 if he gets sick anyways. What will Steven do? a. He will get vaccinated b. He will not get vaccinated c. He will get vaccinated if he is risk-averse but not if he is risk-loving d. He will get vaccinated if he is risk-loving but not if he is risk-averse
- What is the solution ot this one?Situation A: If a person lives for 3 years with a disease and the current standard of care for that disease means he/she lives with a utility level of 0.7 .-What is the QALY? If that person takes a new medicine (Medicine A) because of which his/her utility level increases to 0.8,-What will be the new QALY? Calculate the benefit of new medicine.Asaap ne
