How do laws and politics affect the trade between states?

Q: In the graph, producer surplus is equal to 22 16 D $60 $140 $200 $280 20 2.

A: Producer surplus refers to the difference between willingness to accept and actual price of a good.

Q: The Camera Shop sells two popular models of digital SLR cameras (Camera A Price: $230, Camera B Pric...

A:

Q: Which two phenomena relate to physicians overprescribing treatment? Select 2 correct answer(s) defen...

A: In the healthcare sector, overprescribing treatment refers to the situation when physician recommend...

Q: 1. -- ) and leisure ( L), U = CL². The wage rate is $20 per hour, the price of consumption is $10 pe...

A: Here we calculate the utility maximizing and the MRS and consumption equal to real wage by using the...

Q: 1. Place the phases of the Business Cycle in order. The phases (in no particular order here) are: Re...

A: Answer- 1) The economy's full employment level is referred to as PEAK. The term "recession" refers ...

Q: Do undocumented immigrants overall represent a net economic cost or benefit to the United States?

A: Immigration:-  The global movement of individual to a target nation where they will not be natives a...

Q: Suppose the the demand function is p(z) = (51 – 3z) (for z < 17). %3D A. What is the marginal price ...

A: Demand function shows the functional relationship between Quantity demanded for a commodity and its ...

Q: If physicians' income decreases, how may it affect the physicians' role as the patients' agent?

A: Decrease in physician income can be because of many different reasons such as rise in more number of...

Q: Consider the following statement: "If you are 20 years of age and save $1.00 each day for the rest o...

A: Here we calculate the purchasing power with different interest rate by using the given information ,...

Q: You have learned that poverty is an concern which the government has programs to address. An example...

A: The poverty trap is a trap from which it is tough to escape poverty for the people. It is a cycle of...

Q: Use the following information. The graph below represents the market for coffee. Suppose S2 and D2 a...

A: When analyzing the given graph, it can be seen that the shift from A to C explains a shift in the su...

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: In a paragraph with a maximum of three sentences, explain the difference between an ordinary busines...

A: Business: The term business refers to an organization which has element occupied with business, or a...

Q: market demand for soda is given by Qd= 4000 - 120P and market supply is given by Qs= 200P. Solve for...

A: Q = 4000 - 120P ----------&gt; Demand equation Q = 200P ----------------&gt; Supply equation At equi...

Q: The following picture represents the impact of a change in total factor productivity. What happens t...

A: We see that the leisure taken has not decreased, which means that the labor hours reamains the same....

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: Discuss The intrinsic value of goods among the physiocrats.

A: An intrinsic theory of value is a theory that says the value of an object, goods, and services is in...

Q: 2. Consider the supply of pizza. If the price of cheese (an input) goes up and the price of hot sub ...

A: If there is a commodity that has substitutes available in the market then the increase in price will...

Q: Jack borrowed $10,000 from Mr. Jill on July 11, 2018 and promised to pay it by December 21, 2018. Ho...

A: Given the borrowed amount = $10000 Interest rate = 15% Total number of days between the given months...

Q: Use the following graph: The graph below pertains to the supply of paper to colleges and universitie...

A: Suppliers are the people who incur the costs of production and make the final goods available to the...

Q: Price ($) 40 25 15 5 3\ Quantity 15 25 50 75 100 200 Refer to the graph above. Suppose that the gove...

A: The answer is - Option a. No surplus or shortage, only equilibrium.

Q: In order to reduce farm output, raise farm prices, and thus raise farm incomes (revenues), the gover...

A: Price times quantity gives the total revenue from a product. 

Q: This means that money is something which can be kept for long periods without deterioration or wasta...

A: In economics, money is defined as a commodity which generally and widely accepted as a medium of exc...

Q: If a large country in the world trade instituted a large set of subsidies for its exports, this must...

A: Answer is given below

Q: Define MARKET FACTORS?

A: In a market, when talking about market factors, they are the variables that has the potential to cha...

Q: I want to know the background of cashless economy. Like how it is start and the influence in the wor...

A: Sometimes the cashless economy is misunderstood with an economy without cash. Cashless economy has e...

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: 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: Suppose that you have two opportunities to invest $1M. The first will increase the amount invested b...

A: Utility function = 2.3ln(1+4.5x) First opportunity : Returns = + or - 50%   Probability of gain = 0....

Q: A plant manager considers the operational cost per hour of five machine alternatives. The cost per h...

A: The problem at hand falls within the topic of probabilistic decision-making. EMV stands for anticipa...

Q: Market for Bottled Water S $6 $4 $2 30 60 90 120 Quantity (In Thousands) Price per Gallon

A: What is equilibrium price and equilibrium quantity ??

Q: Neither the demand nor the supply of sugar is perfectly elastic or inelastic. If the government impo...

A: The link between amount the number of a trade goods that producers wish to sell at numerous costs an...

Q: In the graph, if the government sets a price floor of 90 75 50 25 10 D 200 500 800 O shortage of 600...

A: Price floor refers to the legal minimum price that can be charged for a good. 

Q: Explain why Japan exports automobiles, while the U.S. exports aircraft? Use the prior definitions of...

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

Q: O Suppose and I pky the and I play the game reck-paper - sci ssor twice Xrsume mixed stratojos (ran ...

A: Assuming Rock - R, Paper - P, Scissors - S Total number of possible outcomes in one game = 3 ( R, P,...

Q: QUESTION 10 (continued) Based on the numbers in the previous problem economists have calculated that...

A: The growth in the GDP will depend on the contribution of capital towards the GDP growth.  The positi...

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

A: Please find the answer below.

Q: What determines how productive workers are? How do gains in labor productivity lead to gains in GDP ...

A: Labor productivity is an important economic indicator that is closely related to an economy's econom...

Q: state of nature combination: States of Nature Weather related cost per hour Alternatives Cold cost/d...

A: the expected value of perfect information (EVPI) is the price that one would be willing to pay in or...

Q: Question 13 Two of the economy's most important financial intermediaries are suppliers of funds and ...

A: Financial Intermediaries:- Financial intermediaries play a role of middlemen for fund transfers, mos...

Q: Notice that the before-tax equilibrium price was 25. Compared to the price, in the after-tax equilib...

A: Tax incidence  refers to the loss of welfare caused by the imposition of taxes . So , Consumer Surpl...

Q: You are considering the following project: It pays you $2,500 at the end of the first year, costs $8...

A: Introduction: The hurdle rate, conjointly referred to as the minimum acceptable rate of come, is tha...

Q: In the graph, producer surplus is equal to P. 10 D 6. $12 O $30 O $54

A: Given

Q: . The von Thunen model of land and housing rents . . . A. Is refuted by the fact that the poor live ...

A: The answer is - D. None of the above.

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: The figure shows the market for college education. The efficient quantity of education is Price and ...

A: MB- Marginal benefit shows marginal private benefit  MSB- Marginal social benefit  Good with positiv...

Q: Discuss the pros and cons of free trade.

A: Although free trade and the effects of tariffs on the global economy are hotly debated topics, they ...

Q: Please answer only subquestion b) from: https://www.bartleby.com/questions-and-answers/the-supply-a...

A: Tariffs - Tariffs are the tax imposed by the government upon a supplier when the person exports good...

Q: If you were the President, what measures or programs will you implement to help curb the inflation c...

A: The term inflation exhibits the situation where the general price level in the economy rises and the...

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...