If Ellison listens to music on a streaming platform this is ______ in consumption because other people ______ able to consume that music on the streaming platform at the same time. A. rival; are not B. nonrival; are C. Rival; are D. nonrival; are not
Q: A trade off exists between a clean environment and a higher level of income in that a) studies show…
A: We show that à tradeoff between the two variants means that it has the opposite relationship (when…
Q: r, we have discussed several key economic issues that are of significant concern in assessing any…
A: Conflict: It refers any fight or any disagreement that occurs between the parties. The more conflict…
Q: Private goods are O Excludable and rival in consumption Excludable but not rival in consumption Not…
A: Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: Suppose the demand in the poor country is P=100- 9Q and supply is P=Q. Suppose the supply in the…
A: In the free market, the equilibrium is determined by the forces of the demand and the supply. The…
Q: Consider farms in Ontario that produce corn or wheat on their land. Small farms have land that is…
A: In macroeconomics, the PPF is the set of points at which a country's economy is allocating its…
Q: Assume that your company produces two goods: laptops and tablets. Assume aslo that your company has…
A: Economics is a study of how to make optimal use of resources, as these resources are scarce(limited)…
Q: 3. Two countries, Taiwan and Korea, produce two goods, avionics and integrated circuits (ICs), using…
A: Autarky is a kind of self-reliance and restricted trade that is commonly characterized as a form of…
Q: 8. It is possible for an economy to increase its production of both goods if the economy a moves in…
A: Q8. Production Possibility frontier is the locus of different combinations of two goods that can be…
Q: Describe one economic benefit, other than energy cost savings, that may result from increasing the…
A: Enterprise is managed by entrepreneur and therefore enterprise would be occupationally mobile if…
Q: Suppose that United States produces 10,000,000 barrels of oil and 1,000 bushels of wheat each week.…
A: International trade empowers nations to grow their business sectors and access labor and products…
Q: Example The equations defining a model of two trading nations are given by Y, = C, + I} + X, = M, Y,…
A: Introduction This system can be written in matrix form as = Y1Y2C1C2M1M2 = C1 + I1* + X1 -M1C2+ I2*+…
Q: A public good is one for which : A. It is difficult to exclude people from using the good…
A: Public goods have two major characteristic : 1. Non Rivalry : Additional marginal cost is 0 or…
Q: 4. Suppose that Ontario and Vermont each produce two goods, maple syrup (M) and hockey sticks (H).…
A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…
Q: Answer the following questions. a. How has an Act of the United States Congress increased U.S.…
A: Note: Since, you've posted question with multiple sub-parts, we will solve the first the first three…
Q: As a consumer, how can you sustain your needs (basic commodities) despite the challenges in…
A: Consumer behavior is the selection of consumption and purchase of services and goods for the…
Q: Explain lemon problem in economics with details and your own words, thank you!
A: Information asymmetry refers to the imbalance in the degree of knowledge possessed by market agents…
Q: Mr. Saeed Ahmed loves watching sports channel on his local public TV station, but he never sends any…
A: Market failure refers to a situation in which the distribution of goods and services is inefficient.…
Q: 1. What is DACA? DACA is a government program that, A. protects eligible youth who came to the…
A: Basics:- DACA stands for Deferred Action for Childhood Arrivals. This program was initiated during…
Q: Suppose we have an economy with two sectors, wood and paper. • In order to produce $1 of wood, we…
A: Internal demand for wood = Amount of wood we need to produce wood + Amount of wood we need to…
Q: Megan Larry neither person 1 Comparative and absolute advantage Larry and Megan run a catering…
A: Absolute Advantage: When a producer can create an item or service in larger quantity for the same…
Q: Suppose there are two countries Peru and Japan that produce Food and Fuel. Peru can produce 7,523…
A: Peru Japan Food 7523 5733 Fuel 17853 24156
Q: is a schedule that shows various amounts of a good or service a seller is willing and able to sell…
A: The demand curve of a good is a negatively sloped curve which shows that when the price of the good…
Q: slice of pizza, national defense, fish in the ocean, watching the New Rochelle Thanksgiving Parade,…
A: The above mentioned goods can be classified as under : Private Goods : These are those goods which…
Q: ) What resources are important to Victoria, British Columbia, Canada. b) Why are these resources so…
A: As economies and societies developed, the study of economics got more complicated. Hence, as a…
Q: The nation of Leisureland can produce two goods, bicycles and bowling balls. The western region of…
A: International trade refers to the trade or the exchange of goods and services among the different…
Q: a. Suppose that the Scarceland economy is currently in recession, so that there is high level of…
A: Within the function, consumer PPC is limited and constrained. It illustrates a tradeoff between…
Q: There are many private companies selling life insurance and there is virtually no problem associated…
A: An Insurance System is a mechanism for reducing the adverse financial impact of random events that…
Q: 6. Describe how public choice economics model the behavior of various political actors (citizens,…
A: "Economic tools" are employed in public choice theory to answer "classic political science problems"…
Q: Consider a simple economy consisting of two countries, England and France. England has 25 workers…
A: Since you have asked multi-subparts question, as per answering guideline, we are supposed to solve…
Q: Discuss three ways in which economic forces helped to shape the outcome of the Civil War. Compare…
A: DISCLAIMER “Since you have asked multiple question, we will solve the first question for you. If…
Q: swer number 1 and number 2: -Puma's "Clever Little Bag" changes the idea of the shoebox by wrapping…
A: Sustainability in business refers to the situation when there is very less negative impact or…
Q: a) sen What is: (not more than 3 sentences for each of them) Absolute advantage? Comparative…
A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…
Q: 6. In the country Gamma, it takes 6 hours to produce 1 automobile and 1 hour to produce a bale of…
A: A country or an individual is said to have a comparative advantage if it can produce the good at a…
Q: Trying to figure out question: If a new home can be constructed for $150,000, what is the…
A: Opportunity cost is the cost of opportunity forgotten in order to choose another opportunity. It is…
Q: Which of the following is NOT a Municipal Service that is offered in a Municipality? a. Utilities…
A: Municipality doesn't provide any service related to Banking and private investors.
Q: 4. Assume wealth w; and assume two goods, 1 and 2, with prices pi and p2, and Walrasian demands x1…
A: An Alfred Marshallian demand function (named after him), in microeconomics, is the quantity of a…
Q: 8. Economic models like the graphs or even mathematical equations that represent economic patterns…
A: An economic model is the description of economic processes that helps to observe, understand, and…
Q: Negative Externalities----What Kind of Effect Does It Create MSC and MPC b-What kind of an effect…
A: Since you have multiple questions, we will answer the first 2 questions for you, If you want any…
Q: Back to Assignment Attempts: Keep the Highest: 1/4 3. The relationship between marginal and average…
A: To calculate the free-throw percentage, we need to find Edison’s game log from that day. Game Free…
If Ellison listens to music on a streaming platform this is ______ in consumption because other people ______ able to consume that music on the streaming platform at the same time.
A. rival; are not
B. nonrival; are
C. Rival; are
D. nonrival; are not
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
- Trying to figure out question: If a new home can be constructed for $150,000, what is the opportunity cost of federal defense spending, measured in terms of private housing? (Assuming a defense budget of $750 Billion.) Round response to one decimal place _(Blank)_ Million HomesDefine the principle of rival consumption. A. idea that subsidies should be given to rival companies in order to encourage competition B. idea that individuals work together to attain private goods because a group can more easily attain private goods than an individual can C. idea that individuals are rivals in consuming private goods because one person’s consumption reduces the amount available for others to consume D. idea that only the strongest entities will be able to attain and consume private goodsGive typing answer with explanation and conclusion In Ventura, Jessica likes to listen to a public radio program. Jessica's listening to the public radio is because, in Ventura, other than Jessica there are many other individuals who _____ capable to listen to that radio program at the same time that Jessica is listening. nonrival: are rival: are not rival: are Nonrival: are not
- a. Suppose that the Scarceland economy is currently in recession, so that there is high level of unemployment. the Privs currently have enough government goods, and the Guvs have enough private goods, but each group has less of its own favored goods than it wants. what point is the economy at?--------- is it possible make both groups better off? How? b. A politician seeks support from both Privs and Guvs by promising to implement policies that will lead the economy to produce the amount of private goods favored by the Privis and government goods favored by the Guvs. what point is the Politician promising? Why? What's wrong with this promise? Could it fulfilled now? Could it fulfilled in time? How?How Arts Funding Is Done Elsewhere When Rick van der Ploege became Holland’s secretary of culture in 1998, he launched an arts-funding revolution that alarmed his quiet, multicultural country—but also became a potential model for smaller population countries such as Canada. Bursaries for about $100,000 a year were offered to foreign graduate students. Foreign filmmakers could also receive funding—as long as it met Dutch content requirements. More contentiously, artists would have to prove that there was a market for their creations if they wanted a subsidy. “My argument has always been to get the best people in the world. ... Whether they be Canadian, Japanese, and maybe the Dutch, bring them together, and the locals would then have to compete on a global scale.” Draw a graph to illustrate and explain how bursaries for foreign graduate students might improve efficiency.Consider an economy with a coconut producer, a restaurant, and a govern- ment. The coconut producer produces 10 million coconuts, which are sold for $2 each, generating a revenue of $20 million. The coconut producer pays wages of $5 million to its workers, $0.5 million interest on a loan to some consumers, and $ 1.5 million in taxes to the government. The restaurant buys 6 million coconuts, and the remaining 4 million coconuts are directly bought and consumed by consumers. The restaurant uses coconuts to produce meals that generate a revenue of $30 million. The restaurant pays its workers $4 million in wages, and the government $3 million in taxes. Consumers work for the coconuts producer, restaurant and the government, earning a total of $14.5 million in labour income ($9 million in wages from the private sector, and $5.5 million from the government). They also earn $24 million in after-tax profits (dividends) from the producers, in addition to the interest income of $0.5 million…
- An economy depends on two basic products, wheat and oil. To produce 1 metric ton of wheat requires 0.23 metric tons of wheat and 0.32 metric tons of oil. Production of 1 metric ton of oil consumes 0.08 metric tons of wheat and 0.13 metric tons of oil. Find the production that will satisfy a demand for 500 metric tons of wheat and 870 metric tons of oil. The input-output matrix is Aequals left bracket Start 2 By 2 Matrix 1st Row 1st Column 0.23 2nd Column 0.08 2nd Row 1st Column 0.32 2nd Column 0.13 EndMatrix right bracket. [ ? ]metric tons of wheat is required to satisfy the demand.- As the opportunity cost of a good decreases, people buy Select one: a. more of that good and also more of its complements. b. less of that good but more of its complements. c. more of that good but less of its complements. d. less of that good and also less of its complements. - In broad terms what is the difference between microeconomics and macroeconomics? Select one: a. They use different sets of tools and ideas. b. Macroeconomics studies the effects of government regulation and taxes on the price of individual goods and services whereas microeconomics does not. c. Microeconomics studies the effects of government taxes on the national unemployment rate. d. Microeconomics studies decisions of individual people and firms and macroeconomics studies the entire national economy. - What will happen when there is a fall in price? Select one: a. Leads to a higher level of production b. Will cause an outward shift of supply c. Leads to a movement along a demand…6. Describe how public choice economics model the behavior of various political actors (citizens, politicians,special interest groups, bureaucrat). Be specific in how they would model 2 actors decisions. Give examples.
- Why do some economists advocate taxing consumption rather than income? Give two arguments why wealthy taxpayers should pay more taxes than poor taxers? Pakistan has trade imbalance where our imports are far more than our exports, based on comparative advantage theory suggest ways and means by which we can improve international trade? Unemployment is a global issue, what steps government had to take to curb it. Suggest by which we can improve employment.Q.2 Suppose the demand in the poor country is P=100- 9Q and supply is P=Q. Suppose the supply in the poor country is different from the one in country A only because it faces less strict environmental regulations. That is, in country B it costs firms Q to produce Q units, whereas it costs 2Q in country A to produce quantity Q. Draw country B’s demand and supply diagram in 'autarky' with the standard axes (P vertical, Q horizontal). Mark carefully on the diagram the demand curve, the supply curve, and then work out the equilibrium (show working out and the numbers not just the point) . How large is welfare under autarky ?There are many private companies selling life insurance and there is virtually no problem associated with that market. On the other hand, many people like insurance to smooth their income over the business cycle, especially people working in the growing gig economy where their alternating periods of employment and unemployment. But no one sells income insurance. question: 1. Why do competitive markets work better for life insurance than for income insurance? 2. Why are governments able to provide this type of insurance when private companies cannot provide it?