Determine if the following statement is normative or positive: SNAP participants shouldn't be able to buy regular or diet soda. a. Normative b. Positive c. Both

Q: 1. Using the data, the following equation was obtained by OLS: log(salary) = 4.32 + 0.600 log(sales)...

A: Answer-

Q: Suppose that the reserve requirement for checking deposits is 10 percent and that banks do not have ...

A: Answer: Given, Reserve requirement (rr) = 10% or 0.1  If the Fed sells 1 million government bonds th...

Q: your opinion, which economic indicator, nominal GDP, real GDP,  or inflation, do you believe provide...

A: Real GDP provides a clearer picture of the state of the economy than nominal GDP and inflation. 

Q: Funny Bunny is considering installing ice-cream stalls on Turtle Beach. The length of the beach is 5...

A: Costs associated with Selling ice-cream : Transportation Cost = 2.5 each  To make = 0.5 each  Overhe...

Q: Refer te fgure 7: iElass, we discusssd ths evelution of the grewth rate ef Y.S Feal SBB ESpecially w...

A: The Great Moderation from the mid-1980s to 2007 was a multi-decade period of low inflation and posit...

Q: The second group of students attributes the increase in the price of pizzas to the increase in the p...

A: When left to the self-adjusting market forces of demand and supply, an equilibrium level of quantity...

Q: A coupon bond with a face value of $1200 that pays an annual coupon of $200 has a coupon rate equal ...

A: A coupon is the interest payment received by a bondholder from the date of issuance to the maturity ...

Q: Supply Demand Supply Demand 2 1. 3 4 5 8. 10 QUANTITY (Millions of pens) Compare both the Scenario 1...

A: Answer: If the number of students with an allergy to pencils and erasers has increased and if it cau...

Q: Soccer Games $40 Baseball Games $20 Total Marginal Total Marginal Utility Utility Quantity MU/P Quan...

A: We know that the marginal utility is the additional utility gain from consuming one more unit of a g...

Q: Y = F(K, L) = AKªL^-« %3D A = 1, K = 3000, L = 9000 a = 0.6 |= |(r) = 1200 – 10r %3D C = C (Y-T) = 0...

A: a. Y=AKαL1-αY=1 x 30000.6 x 9000(1-0.6)Y=4647.44Now,Y=C+I+G4647.44=0.75(4647.44-800)+1200-10r+600464...

Q: 1.5) What are the financial benefits are reported by the organization after the successful implement...

A: Many organisations produce the goods with sustainable development. The organisation which provide he...

Q: The primary difference between a change in demand and a change in the quantity demanded is a change ...

A: Demand law shows inverse relationship between price and quantity demanded keeping other factors cons...

Q: 5. If the 1-year term deposit interest rate in the US is 2% higher than the rate offered in Europe, ...

A: Answer-

Q: The market for peanut butter in Winnipeg has the following supply and demand curves: Demand: P = 30 ...

A: A demand curve shows the connection between amount demanded and cost in a given market on a diagram....

Q: market for N-95 masks is perfectly competitive. Market Demand is given by Q=308-2P and Market Supply...

A:

Q: Using the graph, complete the table that follows by indicating whether each statement is true or fal...

A: Price elasticity of demand measures the responsiveness in quantity demanded of a commodity to a chan...

Q: the endpoint method to compute the price elasticity on D1. 10 55 D, D2 80 90 100 m point A to point ...

A: Use the endpoint method to compute the price elasticity on D1.

Q: Quantity demanded of Beef (QB) is a function of price of beef (PB), price of mutton (PM) and income ...

A: Given: Function: QB=5200-1.5PB+2.5PM+0.25Y  

Q: ames consumes two types of goods: fruit and clothing. Fruits cost him $ 2 per unit, clothing costs $...

A: the cross elasticity of demand or cross-price elasticity of demand measures the percentage change of...

Q: Create a butterfly. Select options suitable for a long butterfly strategy using options that expire ...

A: In Long butterfly strategy calls are made through put ie one call is bought at low price and another...

Q: The table contains information on the price per month and the monthly demand and supply of online mu...

A: The equilibrium quantity could be identified when quantity demanded equals to quantity supplied that...

Q: We have been asked to analyze our toy products by price (from $10.00 to $13.00 by 0.25) and quantity...

A: Given, Fixed Cost = $94,550 Material cost per toy = $4.77 Labor cost per toy = $3.17 The profit = $1...

Q: Compare the emission fee vs. the cap-and-trade system to deal with an externality, in the presence o...

A: Emission fee is the tax imposed on the pollution emitted in production of goods and services. It is ...

Q: Assume that the government sets a binding price ceiling on the interest rate that banks charge on lo...

A: Assuming the government set a binding price ceiling on the financing cost that Bank charge on credit...

Q: A supply and demand puzzle e following graph shows the market for laptops in 2010. Between 2010 and ...

A: The demand curve is a graphical representation of the negative relationship between the price and th...

Q: Question 22 Figure 5: Demand for turkey in the United States price DB quantity Refer to figure 5. Al...

A: Fertilizers can increase the fertility of land and hence quality of agricultural production can be i...

Q: 1-R2 k -1 b-briefly explain the reasons for the following statements to be true or false - The class...

A: Given:  R2 n-k =ûú6 24ëê ùS2 +(K−3)2é  

Q: Mergers have been an important part of the airline industry. Have they been successful?

A: A merger is an agreement that brings two current businesses together to form a new one. There are va...

Q: Which of the following best characterizes the circular flow of income? Businesses buy resources from...

A:

Q: Which of the following would lead to the creation of some consumer surplus? Sam refuses to pay $10 f...

A: Consumer Surplus refers to the difference between willingness to pay of the consumer and the actual ...

Q: The Fed is very concerned about the stability of financial markets. When individuals and firms are c...

A: Introduction: Financial markets, in general, refer to any marketplace where securities are traded, s...

Q: Assume that the US economy expands and that the US Federal Reserve Bank, worried by rising inflation...

A: If there is an expansion in the United States, it will lead to arise inflation in the economy due to...

Q: on 1 When a society cannot produce all the goods and services people wish to have, it is said that t...

A: Note:- “Since you have asked multiple question, we will solve the first question for you. If you wan...

Q: Production Function. Consider the Cobb-Douglas production function discussed in class: F(K, L) = AK...

A: The Cobb–Douglas production function is a functional form of the production function that is widely ...

Q: As you can see from the article in the prior problem, "Rents Hit All-Time Highs amid Job Growth and ...

A: Solution:-  ▪︎ Find that the initial equilibrium price = 1500, equilibrium quantity = 500 Now, rent ...

Q: In economics, what amount does the demand for a good refer to? The amount people would like to have ...

A: In general, demand refers to the ability and desire of a consumer to purchase goods and services and...

Q: Question 2 Which of the following statements best represents the principle represented by the adage,...

A: The answer is -  Option 2: Sarah B. can attend the concert only if she takes her sister with her.

Q: 4. Show on a diagram how an individual may seek to smooth their consumption over their lifetime. How...

A: The Life-Cycle Hypothesis is defined as a theory which states that consumers tend to smooth their co...

Q: 2. Shont nun osf funchion 4 a penfeetly Competitive tinm is, CcQ = Q3 - 45Q71000 Q +800 find the amo...

A: Profit Function (π) = TR - TC where, TR is total revenue TC is total cost and TR = P * Q

Q: An increase in ________ decreases the quantity of money people want to hold. a. the price level b. ...

A: According to quantity theory of money, quantity of money is directly related to level of price and i...

Q: Decide if it is an increase (right shift) or a decrease (left shift) and write that next to the ques...

A: The supply curve of pecans shows the direct relationship between the price of pecans and the quantit...

Q: 2 Consider Anna and Joe, who value a certain good by the same amount v and can choose to either cont...

A: Given,  Two Players : Anna and JoeThey both have two strategies : Contribute and Not Contributeamoun...

Q: Consider the following data from Statistics Canada, which covers persons of working age (i.e., ages ...

A: (a) Unemployment rate = (No. of unemployment people / Labour force) x 100                           ...

Q: Explain whether each of the following statements describes a change in demand or a change in quanti...

A: Change in demand implies the change in clients wants to purchase a specific item on the lookout and ...

Q: “The Security Market Line is flatter than the ‘Capital Asset Pricing Model’ (CAPM) would predict.”  ...

A: The security market line (SML) is a pictorial depiction of the capital asset pricing model (CAPM), w...

Q: 3. Consider the following game in extensive form X- Playert + Player 2 D. (a) What is the normal for...

A: Given,  There are Two Players : Player1 and Player 2 Player 1 has two strategies : B and T Player 2 ...

Q: 1. The following headline appeared in the London Times, "England's sheep population nearly destroyed...

A: Ss(supply) curve is a positively curved line which shows the direct relation between P(price) and Qs...

Q: Reasons for supply curves being positively sloped include: A) typically, as output rises, unit cost...

A: Supply refers to the quantity of the good which the producers are willing to produce an offer for sa...

Q: An example of a fiscal policy designed to increase real GDP is a. a cut in taxes. b. an increase in...

A: Fiscal policies are designed to influence the aggregate demand, which further leads to affect the gr...

Q: How would you demonstrate part c) diagramatically 6. Assume you can work as many hours you wish at ...

A: The study of labour economics aims to better understand how paid labour markets work and how they ch...

Laffer Curve Analysis

In terms of economics, the Laffer curve was popular among those economists who were or who belonged to the supply side of the economic peripheral.  This concept was popularized by the famous supply-side economist known as Arthur Laffer. This curve illustrated the relationship between the tax rates and government revenue. It is already known that the tax which the public or individuals residing in an economy bear is the revenue or income of the government with the help of which the government does all the necessary works in the society, which is beneficial for the economy.