Q: (A) explain how rapid urbanization can pose a problem in the country. Explain in 3 sentences only. (...
A: Money has been evolved since long back and people utilise money for various requirements. There are ...
Q: Suppose that there are two firms in a market, firm 1 and firm 2. The market is declining in size. Th...
A: Introduction Initially there are two firms in the market. The game will start at period 0 and goes o...
Q: e. Which curve(s) could represent the change that would occur with a huge natural disaster that dest...
A: PPC shows the different combinations of production of two goods at a given level of resources and te...
Q: A tariff on an imported good lowers the price in the domestic market and raises the price the domest...
A: here we find the given as follow;
Q: Market demand is Qd = 100 - p. Market supply is Qs = 4p. A competitive firm has MC = 2Q. How many fi...
A: In perfectly competitive market, firms are price takers which shows firms do not have control over t...
Q: 1. Why do employers typically pay for specific skills? These skills only work with one employer, thu...
A: Job-specific talents are the skills that allow a job applicant to excel in a given role. Some skills...
Q: 1 (a) Rewrite and explain the main equilibrium equations of the Ramsey model assuming the government...
A: A commodity or service that is freely available to all members of society is referred to as a public...
Q: 1. Given the inverse demand equation P = 10 – 0.05Q and the inverse supply equation P = 1 + 0.10Q: ...
A: Introduction Inverse demand function P = 10 - 0.05 Q Qd = 200 - 20 P Inverse supply function P = 1 +...
Q: 18 Calcurate the least square regression líne equation with the given X and Y values. Consider the v...
A: X Y X2 XY 60 3.1 3600 186 61 3.6 3721 219.6 62 3.8 3844 235.6 63 4 3969 252 65 4.1 4225 26...
Q: Humana Hospital Corporation installed a new MRI machine at a cost of $760,000 this year in its medic...
A: Given information Machine cost (MC) = 76,000 n = 5 Machine sold (MS) = $115,000 Return requirement ...
Q: small a small open economy, illustrate how a fiscal expansion (such as an increase in government spe...
A: Fiscal Expansion is defined as the government spending is higher than their revenue, this condition ...
Q: The federal government wants to improve the fortunes of domestic car manufacturers and is considerin...
A: Answer a. Rebates have been shown to be effective in selling products, increasing visibility, and bu...
Q: QI Suppose that TC0 = $2000, w = $90, and r = $60. a. Graph the isocost line corresponding to a tota...
A: What does it mean to be constrained by a tight budget? A budget restriction is a financial word that...
Q: What is the opportunitiy cost of having health insurance? What is the opportunity cost of not having...
A: The potential gains that an individual, investor, or organisation misses out on when choosing one op...
Q: The movement from point A to point B on the graph shows a. a decrease in demand. b. an increas...
A: Demand curve shows different combinations price and quantity demanded.
Q: Superiority of Robbins' Definition of economics is rightly called the "Superiority of Robbins' Defin...
A: Economics is this same social science that studies how products and services are produced, distribut...
Q: You are the manager of a firm that uses only labor and capital to produce your product. Assume you h...
A: Optimal input bundle would be when the following condition holds,Marginal product of labor / wage ra...
Q: Which of the following statements is (are) not correct? O A. An open-market operation is the purchas...
A: A. Incorrect In open market operations fed purchase and sell government securities to control money...
Q: Data for output (real income) and savings are presented in the table below. a. Fill in the missing v...
A: Formula to calculate:- a) APC=CYb) APS=SYc) MPC=∆C∆Yd) MPS=∆S∆Y
Q: 3. Asurplus is when there is more supply than there is demand. You can find it by subtracting the qu...
A: Surplus is the amount of a good which exists when quantity supplied is more than the quantity demand...
Q: Market demand is Qd 100 - p. Market supply is Qs = 4p. A typical competitive firm has ATC = 10. Is t...
A: Qd=100-pQS=4pFor equilibriumQd=QS100-p=4p-p-4p=-1005p=100p=20andQ=100-20Q=80In long run equlibriumP=...
Q: Say you were interested in maximizing U = U(x,y) with the usual budget constraint, M = Px*x+Py*Y. Ex...
A: Given, Utility function : U=U(x, y)Budget Constraint : M=Px*x+Py*y
Q: Three voters vote over two candidates (A and B), and each voter has two pure strategies: vote for A ...
A: Given, There are Three Players : Voter 1, Voter 2 and Voter 3The three Voters vote for two candidat...
Q: Derive the Slutsky equation from the starting point that: x(р,, р,, М) %3D х. (Р,, Ру, x. (P,, P,, U...
A: Slutsky Equation is defined as the equation which shows the total change in demand consists of the i...
Q: Mavis earns income in two periods, M1 and M2 and buys consumption goods in twd periods as well, C, a...
A: Given information U=u(C1)+u(C2)1+δ Utility is well behaved function lets take 11+δ=β Utility functio...
Q: Name some of the services, if any, you produced at home that do get counted in GDP. Are there any go...
A: In an economy, GDP is used as an economic tool to measure the national income in terms of goods and ...
Q: The New York City Parks Department learned an important lesson about elasticity when it decided to i...
A: Price increased from $100 to $200 and quantity of permits demanded decreased from 2000 to 1000.
Q: An economy with competitive markets has 2 kinds of jobs, Routine & Skilled. There are 2 types of wor...
A: Option B is the correct Answer
Q: Ann and Bob are real estate developers, and are considering the following projects: There are two po...
A: Profit structure is following : Hotel Profits 100 m Golf course profits , no hotel 100 m H...
Q: With the provision of a public good: A) Everyone who uses the good benefits from it in proportion t...
A: As the name suggests, Public goods are those goods made available by the government for the benefit ...
Q: CAPITAL 10 15 LABOR O 0 0 0 1 20 20.7 20.5 2 38 39.3 40 3 54 57 58.5 4 68 73 76 5 80 87.3 92.5 6 90 ...
A: Introduction Its answer is It has decreasing returns to scale at all level of capital. Table of prod...
Q: Answer these questions on a separate sheet of paper. -3 Consider the game defined by the matrix: P =...
A: Payoff of the game is : Player 2 -3,3 1, -1 (0.4) & then (0.7) Player 1 4...
Q: d) Suppose the money demand function was of the following form: M^d / P = Y η What must the central...
A: Central bank reduces the interest rate to increase the money supply into an economy by using various...
Q: Which of the following could lead to increases in health care expenditures? (Please choose all that ...
A: In the healthcare market, the expenditure on healthcare services depends upon various demand factors...
Q: Briefly define the terms in 30 to 50 words each: 1: Stagflation, 2: Depression and 3: Recession
A: Stagflation: As we know that stagflation is considered as a type of economic cycle in which both inf...
Q: San Jose Mercury News, March 31, 2020: "As classes go online, students want Stanford to lower tuitio...
A: The explanation for whether the students must be given discounts or not is as follows:-
Q: 2. Cloneville is a town consisting on 100,000 identical citizens. Each citizen has a current total w...
A: Number of citizens =100,000 Utility function for each citizen : U(w) = w1/2 Actuarily fair premium ...
Q: 1. A capital budgeting project is acceptable if the rate of return required for such a project is gr...
A: A rate of return (RoR) is the net gain or loss of an investment over a specified time period, expres...
Q: 1. Assume that Canada is an importer of televisions and that there are no trade restrictions. Canadi...
A: In economics, consumer surplus is the difference between the price a consumer pays for an item and t...
Q: Which of the following DOES NOT agree with the definition/description of Benefit-Cost ratio? A. Bene...
A: The benefit-Cost ratio is a method to analyse the economic worthiness of a project. It compares the ...
Q: The price of long-distance telephone service fell from 40 cents per minute in 1996 to 22 cents per m...
A: The data given is:- Nominal price in 1996 = 40 cents Nominal price in 1999 = 22 cents
Q: Define privatization in 30 to 40 words. The definition should be strong and in your own words. Thank...
A: Privatization:- The transition of publicly run or controlled mode of production to private hands or...
Q: With an inverse demand equation of P = 10 – 0.05Q and an inverse supply equation of P = 1 + 0.10Q: ...
A:
Q: rican cities in the early 2000s, and that Medicare enrollees in high-spending cities were a lot h ul...
A: Health care spending is consuming an undeniably bigger extent of GDP consistently, yet there is litt...
Q: If a buyer's willingness to pay for a new bike is 20$ and its actual price is 22$, her consumer surp...
A: Consumer surplus is a measure of consumer welfare that is defined as the excess of a product's socia...
Q: What do you think is the most important aspect to consider when trying to understand the concept of ...
A: Knowledge-based economies in industrialised countries are characterised by the development of inform...
Q: A player's strategy is called free riding when A)The player cannot do better than to cooperate full...
A: Free riding tends to prevent the consumption and production of services and goods through the conven...
Q: • Nominal and Real GDP • Nominal GDP is the sum of the quantities of final goods produced times thei...
A: Gross domestic product is teh total market value produced in domestic boundaries in a year . It is t...
Q: -Question Completion Status: Market for Herring 15 So 8 Sworld + tariff Sworld Do 250 750 1670 3000 ...
A: A country becomes an importer when world price is less than domestic equilibrium price because quant...
Q: Does Design & build or Management Procurement methods or strategies can improve the system of tradit...
A: Introduction Tradition approach also help in developing new approach because as time goes on traditi...
Step by step
Solved in 2 steps
- If the economy is in a recessionary period how, specifically, might the government use their three tools? three tools change the tax rate change the level of govertment spending change transfer paymentsChanges in government purchases and services have a more powerful effect on the economy tham taxes or transfers Truo O FalseAutonomous Spending: $1,000 Invest2, 000 Government Spending: $3, 000 Exports: $500 C1: .55 Tax Rate: .22Marginal Propensity to Import: .09 If Investment drops by 20%, and if the government decides not to spend, whatwould the new tax rate have to change to in order to offset the drop in Y?
- In the economy of Kwartengland, the following figures are given for economic activity which was undertaken in 2013. All the figures are million Ghana Cedis Consumption Expenditure = 1000 + 0.8 YD Investment Spending= 600 Government Expenditure = 2450 Personal Taxes= 100 Exports= 100 Imports= 150 1. Calculate the investment and tax multipliers 2. By how much should exports change if government wishes to increase real GDP by 1000?Only typed answer and please don't use chatgpt Why will temporary tax increase be insignificant in reducing consumption expenditures by the amount expected a. Because viewed the tax increase as permanent. b. Because people choose to increase their savings. C become people viewed taco increases temporarily d. Consumption expenditure are not related to level of taxtationYou are an economic analyst for the Parliamentary Budget Officer (PBO) and have been charged with the task of coming up with a strategy to increase investment spending in the economy. You have worked closely with Statistics Canada and are therefore aware that the identity used to calculate the country's production is GDP = C + I +G + X - IM Assuming your country does not export or import and all else is equal, you advise the PBO that: a.The budget should be in deficit, and investment by firms will then increase. b.The budget should be in deficit, and programs meant to increase private saving should be imposed. c.The budget should run a deficit, and programs meant to stimulate private spending should be imposed. d.The budget should run a surplus, and programs meant to stimulate private savings should be imposed.
- Consumption function: C=500+0.8Yd , net tax: T=500, government spending: G=500, investment: I=1200, export: X=500 and imprt: M=700. According to this Calculate the equilibrium level of output(Ye)MULTIPLE CHOICE QUESTIONS1. Which of the following is a category of fiscal policy?A) government policies regarding transfer payments and welfare benefitsB) government policies regarding the purchase of goods and servicesC) government policies regarding taxationD) all of the above2. Which of the following is CORRECT regarding tax revenues?A) they do not change with changes in the tax rateB) they increase during recessionsC) they are the only revenue source in the government's budgetD) they decrease during economic slowdowns3. Disposable incomeA) decreases when income decreases.B) decreases when net taxes decrease.C) increases when saving decreases.D) all of the above4. Planned aggregate expenditure increases when ________ in the income-expenditure model.A) the government sector is excludedB) consumption is excludedC) the government sector is includedD) investment is excluded5. If output is greater than planned aggregate expenditure, there will beA) no change in inventories.B) a planned…If taxes decreases, the likely impact on an economy isa decrease in real GDP, decrease in unemployment, and an increase in the avg. price level.an increase in real GDP, decrease in unemployment and an increase in the avg. price level.a decrease in real GDP, increase in unemployment, and an increase in the avg. price level.a decrease in real GDP, increase in unemployment, and a decrease in the avg. price level.
- When a business buys a new computer to design its product, this spending is called? A. Goverment expenditure B. Investment C. Consumption D. ExportExplain, using the AD‐AS model, how the South African Government can use fiscal policy as a tool to recover from the negative effects of this COVID‐19 pandemic.Your answer must include the following:The description of the type of fiscal policy requiredAn explanation of how the implementation of this tool will work their waythrough the economy to achieve the desired effect;The AD‐AS graph showing the implications of your recommendations.If the government got rid of sales tax, how might this affect the market? shift AD to the right shift SRAS to the right shift AD to the left shift SRAS to the left
