Define poverty in your own words

Q: Some Caribbean countries give tax credits to homeowners who wish to install solar panels in their…

A: When Caribbean countries provide tax credits to homeowners who wish to install solar panels is a…

Q: Which of the following is a source of Federal Revenue?     A. Personal Income Tax   B. Payroll Tax…

A: Federal Government makes expenditure and for meeting the needs of expenditures, federal government…

Q: Production Total Product Total Fixed Cost Total variable cost Total Cost Average fixed cost…

A: Total cost is the sum of fixed cost and variable cost.  Fixed cost remains fixed for all level of…

Q: As macroprudential policy is always in sync with monetary policy, a mix of both policies can be used…

A: An economic policy refers to a course of action intended to influence or govern the behavior of the…

Q: Jones plans to deposit $500 at the end of each month for 10 years at 12% annual interest, compounded…

A: Given that, Jones plans to deposit $500 at the end of each month for 10 years at 12% annual…

Q: 2. 3 takes the wage rate as given and chooses how many hours of work to supply in the labor market.…

A: One essential statistical method for data analysis is regression analysis. Regression analysis can…

Q: The opportunity cost of producing another unit of butter is SUME) 14 12 +N 9+ 5+ 0 2 3 4 Butter…

A: Opportunity costs represent the potential benefits that an individual, investor, or business misses…

Q: Two Cournot competitors face inverse demand p = 50 - Q, where Q = 9₁ +92 is the total output of…

A: Inverse face demand: p = 50 - Q Q = q1 + q2 Now, p = 50 - ( q1 + q2) = 50 - q1 - q2 p = 50 - q1 - q2…

Q: 3. Indicate whether the following are private goods, club goods, common-resource goods, or public…

A: Introduction  Private goods - Private Goods are products that are excludable and rival.  Public…

Q: With continuous compounding at 8% for 20 years, what is the approximate future value of a $20,000…

A: Given information, Interest rate (r): 8% Time period (n): 20 Present value (P): $20,000 Compounding…

Q: 5. Two contractors submitted the following cost estimates for a proposed bridge: First Cost Life…

A: Bridge A: X.First Cost=20,000,000 Annual upkeep cost  Uniform Series Present Worth…

Q: 48. Shifts of supply and demand Answer the indicated question(s) by selecting the letter of the…

A: At Equilibrium Price, quantity demanded is equal to quantity supplied. Change in demand and supply…

Q: Discuss and explain the effect of an increase in the taste for shoes on the demand for shoes

A: Demand is the quantity of the items that consumers are demanding at a specific price and time.…

Q: Consider the aggregate supply and demand diagram with x = Quantity Real GDP and y=Inflation Rate.…

A: The AD-AS framework refers to the economic model that is used to explain the equilibrium in the…

Q: The following is a table of the lawn mowing business. Look at the table below and answer some of the…

A: Profit maximizing conditions and firm supply decisions in a perfectly competitive market is P=MC The…

Q: Given the income level, saving is directly (positively) related to Group of answer choices…

A: Saving is significant in the economic progress of a nation because of its relation to investment.…

Q: Which of the following are Adam Smith's Dos?     A. Protect society from violence and invasion of…

A: Smith's three basic principles of economics: People follow the law of self-interest. Competition…

Q: 1. Suppose that the representative consumer has a utility function defined over 11 consumption over…

A: Utility function : U = c10.5 c20.5 In period 1 - Budget Constraint : c1 + S = y1  In period 2 -…

Q: From the list below, match the letter of the outcome each of the following events produces upon the…

A: The relationship between the total amount of output demanded (measured as real GDP) and the price…

Q: The macroeconomy is depicted by the graph to the right. a. The current equilibrium price level and…

A: Equilibrium is where demand equals supply.  And Long run output level is where AD = LRAS.

Q: 2. The economists were ultimately interested in whether businesses were affected supply chain…

A: Note: You have uploaded a question with multiple sub parts. Hence, we shall answer only the first…

Q: What effects would each of the following have on aggregate demand or aggregate supply? In each case…

A: While aggregate supply and price levels are directly correlated in the economy, aggregate demand and…

Q: 4. Apply the classical theory. Consider a hypothetical economy described below: Y=C+I+G C = 50+cY -…

A: Equilibrium is where IS curve intersects LM curve.    IS curve is the demand curve LM curve is the…

Q: For the subsidy in the last question ($1000 per month), what are: (a) the change in consumer…

A: When government provides the subsidy, it usually lowers the equilibrium price and increases the…

Q: What are 3 differences between the microcredit approach (or Bangladesh Consensus) and the capability…

A: Microcredit is a technique for loaning tiny aggregates to people to begin or extend a private…

Q: Price level LRAS Real GDP ($ trillions) SRAS AD of G

A: The total supply of products and services that businesses in a country's economy want to sell over a…

Q: In an environment in which all education is privately provided, suppose that a family with one child…

A: The budget constraint is the limit of the opportunity set — all potential mixes of consumption that…

Q: What is the effect of a fall in the real interest rate on the demand for loanable funds? A fall in…

A: The loanable funds demand curve depicts the inverse relationship between the quantity of loanable…

Q: Question 9 The table shows an economy's demand for and supply of loanable funds schedules when the…

A:

Q: to maintain a bridge P3000 will be required at the end of 6 months and monthly thereafter if money…

A: Given data:- Maintenance cost -P3000 1st maintenance - after 6months  2nd maintence and then at…

Q: In five years, you want to be able to buy a new car for $30,000. If the interest rate is 3 percent a…

A: Prevent value refers to the sum of money that needs to be invested to reach a particular sum in the…

Q: Tim's Tires sells tires under the firm's own brand name and private label tires to discount stores.…

A: The addition to the overall cost of production that occurs each time a company creates an extra unit…

Q: The Keynesian Model of the macroeconomy argues that prices are sticky due to labor contracts and…

A: Keynesian model of AD and AS curve help to determine the price and output level.  As per Keynes the…

Q: An indirect tax is:     A. a tax on goods and services that we purchase   B. a tax with your name…

A: What is indirect tax.

Q: How does bias differ from consistency? Why is the Law of Large Numbers useful in econometrics? What…

A: The discrepancy between an estimator's anticipated value and the parameter's actual value is known…

Q: Explain Sraffa’s critique of the Marshallian industry supply curve based on diminishing returns…

A: Partial Equilibrium is defined as an analysis which only takes into consideration the effects of a…

Q: Draw a graph of a perfectly inelastic demand curve. Use the line drawing tool to graph a perfectly…

A: Elasticity is the concept used by economists to measure the responsiveness of demand to changes in…

Q: You buy a bond that has an annual interest rate of 2 percent and a coupon of $4. What is the price…

A: Given information: The annual interest rate is 2 percent The coupon on the bond is $4 There is an…

Q: 3. Suppose that at present total currency in the Philippine economy is presently PHP5.5 trillion,…

A: The total amount of money that is either held by the general public as legal tender or that is held…

Q: 1. Draw the short run marginal cost curve for a firm with eventually diminishing marginal product.…

A: Marginal cost is defined as the cost which is incurred by the producer in order to produce one more…

Q: Apply the classical theory. Consider a hypothetical economy described below: Y=C+I+G C = 50+cY - T I…

A: Introduction A classical economy is considered a closed economy. Here net export is not included.…

Q: • The Rickshaw Dumpling food truck has a useful life of 4 years. • The King Taco food truck has a…

A: Given cash flow series are not uniform so we will find the net present value of each investment and…

Q: Daniel Jones thought he was getting his girlfriend the best surprise Valentine’s Day gift ever. He…

A: The question states that Jones , in an attempt to surprise his girlfriend bought concert tickets of…

Q: Continuing with inverse demand p = 50 - Q, if each firm has marginal cost of 0, what is the…

A: In the Bertrand model, rival businesses selected a price at which to sell their goods simultaneously…

Q: brium price will ablished. develops at the original price. and equilibrium quantity will as a new…

A: Supply A basic economic notion called supply refers to the total amount of a particular commodity…

Q: Explain how each of the following will affect the consumption and saving schedules (as they relate…

A: Saving Money that people do not use is what it alludes to. Savings is the amount of money that…

Q: Tom has 500 dollars to spend on two goods, good 1 and good 2. The seller of good 1 offers Tom the…

A:

Q: PRICE (Dollars per used textbook) 240 200 160 Jake 0 0 1 B A Latasha O Nick 0 Rosa 0 □ Tim 4…

A: Producer surplus is the area below price and above supply curve.  Consumer surplus is the area below…

Q: If balance of trade is positive, Xn Is a positive number. The impact of Xn is A. GDP will become…

A: A country that has a positive trade balance is considered to be a net exporter, meaning that it…

Q: 1. Aggregate expenditure and income The following table shows consumption (C), investment (I),…

A: The current value of all finished goods and services in the economy is defined as aggregate…