Discuss one impact of Brexit on the people in the UK.

Q: What are the benefits and costs of import tariffs?

A: Benefits of import tariffs :  It is one of the best source of government revenue.  Tariffs are a…

Q: an increase in the expected real interest rate tends to raise desired saving, but lower desired…

A: The change in the expected real interest rate affects the level of saving and investment in the…

Q: The First cost of a passenger bus is P800,000. Its estimated life is 4 years with no salvage value.…

A: Given:   Day wise Yearly Days of operation 300 Tires   24000 Gasoline 900 270000 Oil 80…

Q: A recessionary gap exists when the macro economy is in equilibrium at less than the potential output…

A: Answer: False

Q: how can globalization help daily life of the people.

A: Globalistion is the process of integration among people and the government of different companies.

Q: Demand and Supply Price $10 $9 $8 $7 Quantity Demanded Quantity Supplied $8 $5 $4 $3 $2 $1 0 1 23 4…

A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Q: Large stock market gains shifts the consumption function higher. O True O False

A: Consumption is a function of income.  It is positively related to income and slopes upward, implies…

Q: Suppose that the Canadian economy is governed by the following equations Y = Y, - a(r -p)+e; T: = i-…

A: The dynamic Ad As model gives us more knowledge about how the economy works in the long run. The…

Q: 1. Suppose the government mandates a 3-year licensure for contractors and bans working on your own…

A: Note: We will answer the first question as the exact one was not specified. Please resubmit the new…

Q: Mr. Jhonny bought a car worth P900,000 last January 1, 2000, and intend to sell it for P300,000…

A:

Q: IS curve: r = 30.30-0.0015Y LM curve: =Y - 500(r + n°) SRAS curve: Y = Y + 100(P – P°) The nominal…

A: The IS-LM model describes how aggregate markets for real goods and financial markets interact to…

Q: when Amy's income increased her aveage tax rate decreaned bom 20 peroent to 15 porcent When Aice's…

A: A regressive tax system is a tax system in which the average tax rate decreases as income increases…

Q: Suppose that there are two firms producing a homogenous product and competing in Cournot fashion and…

A: In Cournot duopoly, two firms compete in quantity and maximizes profit by producing at a point where…

Q: Answer the following:  If wages are sticky in the short-run, the short-run Phillips curve is…

A: Note:- Since we can only answer one question at a time we'll answer the first three. Please repost…

Q: The minimum acceptable price for a product that producer Sam is willing to receive is $15. The price…

A: Minimum acceptable price= $15 Market price= $18

Q: What is the definition of Total Revenue and Marginal Revenue

A: In economics, total revenue and marginal revenue both terms are used.

Q: Collusion means that: a.two monopolistically competitive firms agree to keep their price lower than…

A: Oligopoly is the market structure in which there are only a few sellers of a product which may be…

Q: In the above figure, when this monopolist firm produces its profit-maximizing output, it sets a…

A: In the above figure, when this monopolist firm produces its profit-maximizing output, it sets a…

Q: Difference between perfect market and imperfect market? The answer should be brief, concise and…

A: Perfect market- The perfect market will be a market that is organized to have no inconsistencies…

Q: Cyclical or demand deficient unemployment occurs when there is Select one: а. structural changes in…

A: Meaning of Macroeconomics: The term macroeconomics refers to the situation of economic and…

Q: 2015 2016 2017 2018 2019 2020 GDP in Current US$ 18,238.30 18,745.08 3 21,433.22 (Billion) GDP in…

A: Solution- 2015- Nominal GDP per capita=Gross Domestic Product/Population…

Q: What is the size of market aslo explain the character of the commodity in our daily lives,?

A:

Q: Classify nach of the followng statements as postive or normative Statement Pesitive Normative Fims…

A: Positive economics describes and explains various economic phenomena or the "what is" scenario.…

Q: Assume perfect capital mobility. Under a flexible exchange rate system, expansionary fiscalpolicy…

A: A flexible exchange rate system refers to the situation when any change in market demand and supply…

Q: Consider a simple economy that only produces: pencils, t-shirts, and bananas. Using the information…

A: Inflation: Inflation is an economic concept that is defined as a rise in the general price level of…

Q: Is rising national debt is harmful to the U.S economy?

A: National debt refers to the total amount of financial borrowings by the people and the government of…

Q: You decide to purchase a tractor for a net cost of $350,000. You finance this tractor for 5 years at…

A: Loan amount = $350,000 Interest rate = 5% Number of payments = 5 Payment frequency = Annually (1…

Q: If households from a small open economy expect future income to be lower than expected, then the…

A: The compensation that is being received by the workers or employees through fulfilling various types…

Q: Assess the effects of Price floor  [20 marks]

A: The market equilibrium is achieved where the demand and supply for a product are equal to each…

Q: Question is about Oligopoly: What happened when oligopoly is with and without production…

A:

Q: What is inter-temporal efficency and what are the equilibrium conditions for how resources are…

A: It refers to how current actions impact future options.. In theory, not consuming now may result in…

Q: To calculate the Consumer Price Index, the BLS surveys Multiple Choice   all households in the…

A: Consumer price index measures the cost of a market basket of goods and services bought by a…

Q: Suppose that the Bank of Canada creates a new electronic Loonie. This new system allows everyone in…

A: Bank OF Canada at the initial stages would make the LM curve show the combination in the interest…

Q: Consider the Sequential Matching Pennies Game. Now assume player 1 is allowed to quit the game in…

A: Nash equilibrium refers to the strategy that matches the dominant strategy which means the best…

Q: Avocado has received a special order for 2,400 units of its product at a special price. The product…

A: Solution- Avocado has received a special order for 2,400 units of its product at a special price.…

Q: What is “B.O.P”? Explain the importance of “Balance of Payments” to Managers of Public and  Private…

A: The term of bàlance of pàyment  (BOP), it has sometimes known as internàtional payment balance, is…

Q: Difference between the Partial equilibrium Approach and the general equilibrium Approach? Show their…

A:

Q: What are the main functions of a Central Bank? To reduce unemployment, promote financial stability,…

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

Q: Consider the following fixed proportions technologies: Technology A uses 3 units of labour and 6…

A:

Q: When inflation rises and nominal wages grow with the rate of inflation. Do you younger households…

A: Nominal wages, sometimes known as "money wages," refer to pay rates that have not been adjusted for…

Q: Use the figure below to answer the following question. Quantity An increase in quantity supplied is…

A: A change in quantity supplied is the change in the quantity a producer is willing to offer when the…

Q: Which of the following situations exhibits a positive externality? __ Alan purchases a new watch as…

A: Externalities provide cost or benefit to 3rd parties who are not directly involved in the…

Q: 12. A newspaper article reports that the unemployment rate fell this month, but the number of people…

A: In the economy, both employment and unemployment rates are rising at the same time. This is due to…

Q: Explain the inherent limitation that the power of taxation is an inherently legislative function

A: When a taxing agency, generally a government, levies or imposes a financial burden on its residents…

Q: Discuss the need for, and problems associated with the administration of subsidies

A: A government subsidy is a direct or indirect payment, economic concession, or privilege given to…

Q: In Macronesia the GDP deflator for 2006 is 105 ( with 2005 being the base year). If the real GDP in…

A: GDP is the value of final goods and services produced in the economy within a given period of time.

Q: A manufacturing company purchased 10 years a milling machine for ₽60,000. A straight-line…

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

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…

Q: 3.Mang Juan have decided to reduced the price per kilo of onions from Php 100.00/kilo to the usual…

A: Given Information, Original Price = Php 140 / Kilo New Price = Php 100 / Kilo Original Quantity…

Q: Suppose that the monopolist can produce with total cost: TC = 200. Assume that the monopolist sells…

A: Price discrimination is the practice of a monopolist of charging different prices for the same good…