Currently, Social Security is funded by current taxes. It is projected that in 2024, current taxes will not cover all Social Security beneficiaries. At that time Social Security will have to be funded by    Question 37 options:   the Federal Reserve   the U.S. Treasury   Congressional payments   the Social Security Trust Fund

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A: To find : The diamond water controversy is explained by whom. 

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A: To find : What is kinked demand curve model of oligopoly. 

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A: In Stackelberg duopoly, one firm is leader and choose the quantity to produce first. The other firm'...

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A: Opportunity cost: - opportunity cost is a forgone benefit that we could have earned by applying all ...

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A:   Meaning of Trade: The term trade refers to the situation under which the products and goods are tr...

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A: The correct answer is given in the second step.

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A: Determinants of Demand: Determinants of Demand are the factors that together contribute to the consu...

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A: To find : What is condition depicted above

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A: To find : Above depicted is example of which case. 

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A: Given market price = 80 $ Quantity traded = 320 units Minimum price of supplier = 40    

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A: Marginal product of an input factor is the change in the output with an additional input factor. The...

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A: To find : What is reason to rise for demand intermediate consumption. 

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A: There are four types of goods- Public, private, club, and common goods. the public good is non-exclu...

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A:

Q: An entrepreneur invests $10,000 of her personal savings in her new business venture. Furthermore, sh...

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A: C.  With an effective price celing at $2, total consumer surplus is -CS=[(6-2)(40-0)]+[12(8-6)(40-0)...

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A: Inflation hurts 1) Everyone: Inflation has an impact on almost everyone but it does not hurt everyon...

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A: Perfect competition is a market model that assumes a large number of firms produce identical goods t...

Q: 46. Suppose the total cost of producing commodity X is Rs.125000. Out of this cost, implicit cost is...

A: To find : Explicit cost of commodity X. 

Q: ASSUME THAT A DECREASE OF 10% AND THE PRICE OF CARS RESULT IN AN INCREASE OF 40% IN QUANTITY DEMANDE...

A:

Q: A social cost is applied to the monopolist market structure. Why does this occur? If the gains produ...

A: Social cost is defined as the sum total of both private costs and any form of external cost which ar...

Q: 2. A machine costs PhP 300,000 with a salvage value of PhP 50,000 at the end of it's life of 10 year...

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Q: Future U.S. deficits could be decreased by     Question 36 options:   decreasing current and futur...

A: Below are the two reasons for the government deficit: *Excess government spending. *Low rate of taxe...

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Q: na given market the equilibrium quantity increased, yet the price remained the same. Which of the fo...

A: Eqm(equilibrium) is the market is determined by the intersection of dd(demand) and ss(supply) curves...

Q: Figure 2. 25 20 Supply Price 15 10 Demand 5. 10 15 20 25 Quantity (thousands) Refer to the figure ab...

A: Equilibrium, in economics, refers to the condition when demand and supply curves intersect at a poin...

Q: Part B On the same graph paper, draw the Supply Curve for the Supply Schedule below, after Anton dis...

A:

Q: 5. In perfect competition, the firm's above AVC has the identical shape of the firm's supply curve

A: To find : Which firm has identical shape of firm's supply curve. 

Q: Consider any market that has a demand curve given by: Qd = 125 - 0.4P. Being the total quantity dema...

A: Oligopoly refers to the situation in the market where only a few sellers exist in the market. The ma...

Q: Consider a competitive market, dispersed among hundreds of companies. The Total Cost Curve of these ...

A: Cost of a firm in a competitive market: TC= 5000+2q2-400q (differentiating the TC wrt q, we get the ...

Q: $3,000 invested for 7 years at 16% compounded annually: $ Round entry to the nearest dollar. Toleran...

A: Time value of money shows how two same amount of  money in different time have different value . 

Q: A widget has an opportunity cost of 4 wadgets in Saudi Arabia and 2 wadgets in the United States. Gi...

A: Given : A widget has an opportunity cost of 4 wadgets in Saudi Arabia and 2 wadgets in the United St...