Elaborate on the Poor Laws and the Corn Laws as the historical setting that influenced his ideas by comparing Malthus’ perspective to Godwin’s and Condorcet’s. 2. Discuss further his Theory of Market Gluts and the policy implications of this theory.
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Thomas Robert Malthus is an important figure in classical economic thought, but his ideas were rather controversial.
1. Elaborate on the Poor Laws and the Corn Laws as the historical setting that influenced his ideas by comparing Malthus’ perspective to Godwin’s and Condorcet’s.
2. Discuss further his Theory of Market Gluts and the policy implications of this theory.
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- Elaborate on the Poor Laws and the Corn Laws as the historical setting that influenced Thomas Robert Malthus ideas by comparing Malthus’ perspective to Godwin’s and Condorcet’s. Discuss further his Theory of Market Gluts and the policy implications of this theory.“The Prime Minister claims that funding the increase in NHS and social care spending by national insurance [paying higher NICs] is preferable, because firms pay part of the cost. This is a fiction. In the long run the burden of payroll taxes, even those paid by companies, falls on workers, whose wages fall as their employers’ tax bills rise.” The Economist 11-09-202. Is “The Economist” right in its counter-claim? (Hint: use a market equilibrium model of demand and supply for labour)In Palm Springs, suppose the real estate business is highly competitive. There are hundreds of realtors, including brokerage companies and independent agents. Also, we know that the state has NO law or regulation about how the commission is charged. In such a competitive market, who sets the realtor commission rate ____? A. The largest realtors in the city decides the commission rate. B. The smallest realtors in the city decides the commission rate. C. The realtors used the commission rate in other states. D. The collective forces of all customers and realtors in the city decide the rate.
- The Reserve Bank of Australia (RBA) IS committed to doing what it can to support jobs, incomes, anc businesses in Australia. The Reserve Bank of Australia reduced the official cash rate couble of times during the pandemic in 2020-21 to boost the economy. These RBA decisions to reduce interest rates have impacted manv sectors including the housing sector in Australia. Reauired: Ouestion:1 suppose the nousine sector in Australia is a perrectiv competitive market. 1). Draw a diagram of a perfectly competitive firm making short-run economic losses during covid 19 pandemic situation. Explain your answer. 2). Explain the impact of interest rate reduction in the housing sector. Draw diagrams to shov the transition from a short run to a long run in a perfectly competitive market.PLEASE ANSWER C Economics of Education. The issue of education is quite critical. The demand for education by society is high.On the other hand, it is demanded that the schools only charge low tuition fees since schools serve a socialfunction. Thus, more often than not, tuition fee ceilings are imposed to assure students of lower prices for this“commodity”. Two common solutions are proposed to address the likely problem of excess demand foreducational services (ES) in the event of a tuition fee ceiling is imposition: (i) operation of public schools (e.g.,free public high school); (ii) government subsidy to private education.Find the solutions to the problems below: where:D = demand for educational servicesS = supply of educational servicesTF or P = tuition fee or price of education (‘000 pesos)Q = quantity of educational services expressed in ‘000 studentsavailing themselves of such servicesSuppose we let: S: TF or P = 1 + 0.5 QD: TF or P = 15 – 2Qa. Solve for the equilibrium price and…Economics: Labor Economics Question: Labor demand and supply are given by w = 50 - 3Ed and w = 10 + Es. Please show work for each part. a.What is the equilibrium wage of this market? [a] b.What is the equilibrium number of workers employed in this market? [b] Suppose now a tax of $5 is added into this market. c.How much do workers receive as wage after this payroll tax? [c] d.How much do firms have to pay workers after this payroll tax? [d] e.What is the government tax revenue as a result of this payroll tax? [e] f.What is the amount of deadweight loss generated as a result of this payroll tax (do not round, write out entire number)? [f] Thank you for your support and help Study Agent!
- use diagramsa. What is the effect on the equilibrium price and quantity traded in market of theintroduction of a new technology that reduces costs of production for all firms?b. What is the effect on the equilibrium price and quantity traded in a market of a changein tastes that reduces the demand for the product?c. What is the effect on the equilibrium price and quantity traded in a market of theimposition of a tax per unit sold on suppliers?d. What is the effect on the equilibrium price and quantity traded in a market of thepayment of a subsidy per unit sold paid to suppliers?1-5. Write True if the statement is always correct for imperfect markets, otherwise, write False and explain.Economics of Education. The issue of education is quite critical. The demand for education by society is high.On the other hand, it is demanded that the schools only charge low tuition fees since schools serve a socialfunction. Thus, more often than not, tuition fee ceilings are imposed to assure students of lower prices for this“commodity”. Two common solutions are proposed to address the likely problem of excess demand foreducational services (ES) in the event of a tuition fee ceiling is imposition: (i) operation of public schools (e.g.,free public high school); (ii) government subsidy to private education.Find the solutions to the problems below: where:D = demand for educational servicesS = supply of educational servicesTF or P = tuition fee or price of education (‘000 pesos)Q = quantity of educational services expressed in ‘000 studentsavailing themselves of such services Suppose we let: S: TF or P = 1 + 0.5 QD: TF or P = 15 – 2Qa. Solve for the equilibrium price and quantity
- Ghana and Cote d'Ivoire are the world’s leading exporters of cocoa, which are grownand harvested by a large labour force that includes many children. Assume Ghana andCote d'Ivoire now outlaws the use of child labour on cocoa farms and the law is properlyenforced. Using economic theory and with the aid of diagrams, analyze what wouldhappen to employment and wages in the cocoa farming industry. Use supply anddemand curves in your analysis.explain whether there has been a market failure, what type of failure, and what measures might solve it, You should consider: the advantages and disadvantages of any solution whether doing nothing might be the best solution the concept of efficiency. The only large employer in a local area pays its employees a low rate, and working conditions are poor. There is high unemployment in the area7. What assumption is most important to reach the conclusion that government regulation of risk on the job harms some workers? a. The assumption of perfect information b. The assumption of diminishing marginal returns to safety expen- diture c. The assumption that some firms have market power in the output market d. The assumption that it's costly for firms to reduce risk 8. Holding all else constant, the offer curve in a labor market where there is a trade-off between wages and risk of injury does NOT tell us: a. The possible wage-risk combinations that firms will offer in a labor market. b. The optimal matches between risk-averse workers and firms in a labor market. c. The equilibrium level of employment when risk is present d. The compensating wage differentials for various levels of risk.