E A D D2 Do Quantity Refer to the figure. Using the graph above, a movement from point A to point indicates a(n): a) increase in quantity demanded O b) decrease in quantity demanded c) increase in demand d) decrease in demand Price

Q: Is there a role for government in reducing the negativeeffects of dual employment

A: Dual employment refers to a situation when an individual is engaged with two jobs at the same time. ...

Q: a.) what does unemployment mean economically and explain the types of Unemployment? b.) Explain Zer...

A: In economics, unemployment is one of the important concepts to study by the people as it affects the...

Q: 1. What is likely to cause inflation? a. increase in oil prices b. Increase of prices of computers c...

A: Government has certain tax revenue with them through which they have to carry developmental expenses...

Q: You want to establish your own business and are thinking about releasing a new product. Customers wi...

A: The payment of 1800000 is spread over three years and every month over these three years so each mon...

Q: Supply and Demand: End of Chapter Problem a. When the price of olive oil goes up, what probably happ...

A: (a) Olive oil and corn oil are substitute goods.  An increase in the price of olive oil will make it...

Q: Suppose you are in charge of sales at a pharmaceutical company, and your firm has a new drug that ca...

A: Elasticity of demand measures the responsiveness of quantity demanded the respect to change in price...

Q: When government removes an import tariff, the effect on domestic producers is Select the correct ans...

A: Tariff refers to the tax that is imposed on imports. It redistributes income from consumers to produ...

Q: What are some of the ways that you can suggest that can help address the inequalities between rich a...

A: The problem of non-availability of food is growing day by day. There have been instances when nation...

Q: In a unitary system of government, O the national government has legal control over local government...

A: In a unitary system the only level of government besides the central is the local or municipal gover...

Q: Question 2 · Thanh decided to go to university. If Thanh goes to college, he will spend $80,000 on t...

A: Given; Thanh's tuition fees= $80000 Rental room cost= $15000 Cost of books= $4000 If he hadn't gone ...

Q: Given one procedure or service provided by certain hospital, all different payers would be charged t...

A: The market is a location where the transaction of services and commodities takes place. It is import...

Q: Define the economic background of the tendency for courts to award custody to mothers in divorce pro...

A: The history of child custody following divorce reflects the changing view of children and the evolvi...

Q: Knowlton Power is putting together its R&D budget for the coming year. The firm has compiled a list ...

A: Research and development has spill-over benefits as not only the does company benefit from R&D b...

Q: If sellers are taxed $6 a ball, the price that sellers receive for a basketball is $ The number of b...

A: There are supply and demand curves showing the basketball markets when no taxes are imposed. The tax...

Q: (a) Compare and contrast monopoly and perfect competition market structures in the Long-run. Click o...

A: Markets is the place where economic agents interact for exchange of goods nad services at certain pr...

Q: The late 19th century city was often dense, crowded, and dirty. This often led to disease and someti...

A: Industrialization was the rapid growth period of the economies because, under the industrial revolut...

Q: Consider the market for laptop bags. Suppose the price of laptops decreases. This change has what ef...

A: Two goods are complements when they are used together

Q: The New York Times has stated that Mylan, the company that makes the now infamous Epipen, has become...

A: A patent is a sort of intellectual property that grants its possessor the legal right to prevent som...

Q: A lower income economy starts off with a per capita GDP of $5,000. How large will the per capita GDP...

A: Given data: per capita GDP of $5,000 Annual growth rates are: 2% for 10 years 2% for 30 years 4% for...

Q: 4. The profit function of Firm GG is n=-2q2+280q. What is the profit maximizing quantity?What is the...

A: Given: Profit function, p=-2q2+280q  

Q: In the following table, you are given the following parameters for the economy of Atris: C = 100 + ...

A: Given Consumption expenditure C=100+0.85Y Autonomous investment expenditure: I=300 G=150 X=60 IM=10+...

Q: Suppose Charles would like to use $4,000 of his savings to make a financial investment. One way of m...

A: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-parts at a...

Q: what are the advantages and disadvantages of Rice Tariffication Law to the rice farmers.

A: Trade is defined as the exchange of commodities and services across the boundary of the country.  In...

Q: Basu suggested that the aim should be to direct money into the hands of the poor and even some of th...

A: Economic growth -  economic growth is a situation whereby the gross national product of the economy ...

Q: Income Expenditures 0 100 100 150 200 200 300 250 Refer to the table above to answer the following...

A: AE is shows aggregate  expenditure in the economy, some of which is autonomous and some is induced.

Q: In marginal analysis, if possible, the optimal outcome is found when Select the correct answer below...

A: MB, marginal benefit is the additional benefit gained from selling an additional unit of output. MC,...

Q: Emma borrowed $3,000 from a lending company for 3 years at 12%. At the end of 3 years, it renews the...

A: borrow at period 0 Amount = 3,000 n = 3 years r = 12% Renews after 3 years Amount = 2,000 n = 2 y...

Q: Nex The Coase theorem states that A. the best way to limit pollution is by taxing producers who poll...

A: The Coase theorem was proposed by financial specialist and Nobel prize laureate Ronald Coase. The th...

Q: why are interest rate not affected by permanent changes in money supply in the long run

A: The rate of return is a proportion of the principal—the amount borrowed—that a lender charges a borr...

Q: Graphically, when is the balance of trade equal to zero? Multiple Choice   When the rising IM line ...

A: Export (X) remains constant at each level of GDP level.  Hence, the Export (X) curve is horizontal i...

Q: Does the old agent consume more with a growing money stock and transfers than in the equilibrium wit...

A: When money has failed to serve as a store of value in the past, it hasn't been because the fiat obje...

Q: Answer parts (a) - (e) below based on the AE equation AE = 2,500 + 0.9Y. (a) What is the level of ...

A: Aggregate expenditure, AE is composed of consumption spending, investment spending, government purch...

Q: Explain the contributions of entrepreneurship in economic development

A: The entrepreneur is defined as someone who has the ability and desires to create, manage, and succee...

Q: Say that a certain stadium for professional football has 70,000 seats. What is the shape of the supp...

A: Given that the stadium contains 70,000 seats.  

Q: Assuming that the economy shown in the figure below is in equilibrium, calculate the recessionary or...

A: In the above diagram, the potential GDP is achieved when the AD curve intersects the AS curve. In th...

Q: The economy below has a linear production possibility frontier, given by C=Y-G/q. The government has...

A: For inferior goods, quantity demanded decrease if price decrease. Here public good has become relati...

Q: The federal government decides to require that automobile manufacturers install new anti-pollution e...

A: The price elasticity of demand for a good is a measurement of how sensitive the quantity demanded is...

Q: Mortgage backed securities pass through all payments of interest and principal received on a pool of...

A: Mortgage-backed securities are generally the variations of assets-backed securities formed by clubbi...

Q: Calculate cross price elasticity when change in price of bread is 6% and change in quantity demanded...

A: Complementary products are defined as those goods which are demanded together. If the price of the i...

Q: Explain how an export subsidy is theoretically meant to work. Think of the application to “infant in...

A: According to the infant-industry hypothesis, nascent sectors in developing nations require protectio...

Q: 5. This is the sequel to a question on the previous P-set that used this aggregate production functi...

A: Given production function  Y=A×K×L             For A=2 and K=3 Y(L)=23×L                ... (1) For ...

Q: Explain the term Relative advantage?

A: When talking about the term relative advantage, it is an economy term that is to explain the competi...

Q: Define Supply?

A: Answer is given below

Q: A tax on water pollution is proposed for four factories in a manufacturing town of 110,000 people. T...

A: To put it another way, taxes are forced contributions placed on individuals or businesses by a gover...

Q: The upward slope of the short-run aggregate supply curve is based on the assumption that:   1) No...

A: When talking about aggregate demand and aggregate supply, the slope of thise curves depends upon var...

Q: The picture in this exercise describes an economy that is experiencing a boom in total factor produc...

A: Since the maximum amount of leisure is fixed and maximum consumption has increased after technologic...

Q: n your view, should an organization engage in a dialogue with all of its stakeholders all of the tim...

A: Stakeholder: A stakeholder is a party that has an interest in an organization and can either influen...

Q: 1-Consider two firms facing the demand curve P = 20 – 5Q. The firms' cost functions are MC1=MC2=10. ...

A: Cournot market occurs when output produced by firms is unknown and price is determined by combined o...

Q: How many states have in Russia?

A: Russia is a country that comes under the continent of North Asia and Eastern Europe and is the world...

Q: Sally is trying to decide what flavor of cake to make for an upcoming party.  She polls some of her ...

A: Approval Method of making a choice is the one in which participants are provided with the choices an...