In 1845 French economist Frederic Bastiat wrote his satire, "Petition of the Candlemakers," which called for protecting domestic candlemakers from the sun.  This satire most directly refutes which of the following arguments for protective tariffs?   Group of answer choices infant industry argument national security argument cheap foreign labor argument increased domestic employment argument

Q: essay please

A: The money market is in equilibrium where the money demand and money supply are equal to each other. ...

Q: Assume Indonesia and China are trading partners. Indonesia initially exports palm oil to and imports...

A:

Q: Ben wishes his son to receive P 200,000 ten years from now. What amount should he invest now if it w...

A: Answer:  Ben needs to deposit P68757.82

Q: Using the 3-equation model provide a detailed period by period description of the adjustment proces...

A:

Q: Which of the following is an INCORRECT statement regarding economic models? An economic model is use...

A: Economic Model : An Economic Model can be defined as the theoretical model of the real life situatio...

Q: suppose a stock worth $50 today is equally likely to be worth $100 or $25 a year from today. What is...

A: Stock A stock that is also known as equity is a financial instrument that represents the ownership o...

Q: You are to share with the audience examples of domestic and international movement of goods. Provide...

A: Introduction Suppose 300 cases of pharmaceutical products has produced by Pfizer. One box is equal t...

Q: Table 4 $Billions 20 Deprediation Receipts of factor income from the rest of the world Government pu...

A: National income is the entire value of goods and services produced by a country over the course of a...

Q: You are a manager of an advertising company. The company is running short of funds, so you decide to...

A: It's tough to say whether cutting costs or growing income is more vital for all businesses. There ar...

Q: Mobility of labour

A: To find : What is mobility of labour. 

Q: Banks make more money from securitising pools of mortgages rather than holding on to individual mort...

A: Banks follow the policy of securitisation to reduce the debt burden and free up capital and increase...

Q: For the United Arab Emirates economy what are the: a)Health risks (tobacco use, high blood pressure...

A:  Disclaimer -“Since you have asked multiple question, we will solve the first 3 parts of question fo...

Q: The first costs of an equipment is P 65,000 and a salvage value of P 3,000 at the end of its 6- year...

A: Given Cost of equipment = 65000 P salvage value = 3000 P Time= 6 years Depreciation Method = sum of ...

Q: Which of the following is true? a) A monopolist produces on the inelastic portion of its demand. b...

A: Monopoly is the form of market structure where only single firm sell the products to tue large numbe...

Q: Good Quantity 2017 prices 2018 prices 2019 prices A 10 1.750 KD 2.000 KD 1.750 KD B 20 2.000 KD 2.00...

A: Given: Quantity of A=10 Quantity of B=20 Quantity of Z=10 Note: Due to multiple subparts being poste...

Q: Smillions GDP at Market Prices 1,,669.4 Imports Gross Domestic Capital Formation Income accruing to ...

A: Disposable Income is such income which remain after providing tax deduction and social security char...

Q: profit? MC Y00 ATC 300 D-MR 200 leo 20 30

A: here we calculate the firms profit by the following method as follow;

Q: Is globalization a phenomenon trend? Justify your answer or a

A: Globalization is the method by which individuals and product move simply across borders. primarily, ...

Q: A. Define a "discouraged worker" B. Indicate what may be happening in the economy when the unemploym...

A: Answer: A. Discouraged workers: Discouraged workers are the unemployed workers who have stopped look...

Q: Let 100 -100 A = 300 -300 200 -200 be an asset payoff matrix. You are 'greedy': 'more is better' in ...

A: Matrix is a structure formed by combining different/equal numbers of rows with columns. These matric...

Q: If inflationary expectations increase, the Phillips curve will A) become flat B) become vertical C)...

A: Philips curve depicts the inverse relationship between inflation rate and unemployment rate.  Inflat...

Q: construct conceptual framework in a scenario of students and future employees in university

A: The researcher's synthesis of the literature on how to explain a phenomenon is represented by a conc...

Q: Price Sus 23,000 22.000 21:000 20.000 19,000 Dus 123456789 QuTos Refer to the above diagram, where S...

A: Given;  World price= $20000 Domestic demand= 8 million autos Domestic supply= 2 million autos Import...

Q: Question 1 Consider a consumer with the following quasi-linear utility function U = x² +5y Assume th...

A: The total effects of the price change can be decomposed into a Substitution effect and Income effect...

Q: QUESTION 5 1. The enumerated or delegated powers in the Constitution are those that... a. give power...

A: Answer:- (c) are expressly given to the national government.

Q: A manufacturing firm can sell x number of units of each product produced per month at a price of (24...

A: TR(TOTAL revenue) is the product of p(price) and x(quantity). TC(TOTAL cost) is the sum of fixed and...

Q: Suppose that there are three movies each in a week. In week 1, we have Mediocre movie that generates...

A: Given information Week   Movie    Utility 1          Medicore   3 2        Good          5 3        ...

Q: Which of the following statements is FALSE? high rates of unemployment often have a way of perpetuat...

A:   Meaning of Macroeconomics: The term macroeconomics refers to the situation of economic and scarcit...

Q: The Lerner index at the equilibrium of the linear Cournot symmetric model is equal а-с to L (n) = wh...

A: Equilibrium price refers to the price under which the supply is equal to the demand in a perfectly c...

Q: Gulf Aluminum Extrusion (GAE) plans to replace its existing extrusion facility with a new one. GAE i...

A: The indifference point is the level of volume at which total costs, and hence profits, are the same ...

Q: The Figure below shows the trade in financial services between Britain and the EU. SB denotes the su...

A: Consumption is the utilization of goods and services by families. Consumption is unmistakable from c...

Q: If the production function is given by Yt=Kt 2/3Lt 1/3 and the saving rate (s) equals the depreciati...

A: There is no economic growth once economy reaches the steady state level. there is enough capital to ...

Q: 10. The Solow model tends to over-predict income per person in poor countries. *

A: Introduction Solow model focus on long run growth. The main component of the model are saving and in...

Q: . What are the ways in which the chocolate industry can help in the socioeconomic development of Wes...

A: There are many products that are produced in West Africa, Cocoa is one of the important products tha...

Q: Consider the market for coffee: Assume first that there is a heatwave that damages a large portion ...

A: The introduction to the question rightly mentions that "a market consists of groups of buyers and se...

Q: Drawing on John Rawls’s concept of the veil of ignorance, develop an ethical code that will (a) guid...

A:

Q: A company in a perfectly competitive market produces an output level Q = 100 where marginal revenue ...

A: In perfectly competitive markets firms do not have any market power so they take the price as given....

Q: Cisco, Inc., has a proposal from the Engineering Planning Division to invest Cisco retained earnings...

A: Present Worth: 4,400,000 + 2,900,0001.18+ 108,4421.111 P= 4,400,000+1352871.40261+38008.2594476P= 57...

Q: What is the main reason why GDP deflator and CPI differ from each other? A) CPI includes investment...

A: The measure that depicts the final value of goods and services being produced in an economy during a...

Q: 172 122 1. Complete the table above by calculating the marginal utility, the marginal utility per do...

A: total Utility is the aggregate amount of satisfaction that the consumer receives from consuming spec...

Q: he following table shows the outputs and prices of three products A, B and C by a small economy in 2...

A: The given information: product A A B B C C year Price Quantity Price Quantity Price Quantity ...

Q: If Ford sells 200 Explorers for a total of $400,000 to Germany, while the United States imports 100 ...

A: Net exports= Exports - Imports Ford sales of 200 explorers to Germany is US exports and Germany's im...

Q: Give 7 things you need to do to become a better student. Explain each briefly. Give an introduction ...

A: Student:-A student is a person who is a learner and enrolled in a school or other educational instit...

Q: Which of the following statements is TRUE?     The marginal product and average product curves in...

A: The Marginal Product (MP) refers to the addition made to Total product at each level of output. The ...

Q: - A market structure in which many firms sell products that are similar but not identical is known a...

A: To find : What is market structure in firm

Q: Case: As part of the most recent collective bargaining agreement with employees, an employer must of...

A:  Deductible in insurance is the portion of an insurance claim that an insurance holder must pay befo...

Q: Afake economy has a trade deficit of 500. imports of 800 and national savings of 2000, Investment in...

A: Given information are  Trade deficit =500 Imports M=800 and National saving S=2000

Q: A company in a perfectly competitive market produces an output level Q = 100 where marginal revenue ...

A: In perfectly competitive market firms do not have any power market power because goods are identical...

Q: Which of the following would most likely shift the production possibilities curve outward? O 1. a de...

A: The curve that depicts the combination of goods that could be purchased with the given resources and...

Q: Indifference curves represent: a) Ability to pay b) Total Utility c) Marginal Utility d) None of the...

A: Total utility refers to the total satisfaction that a consumer gets from consuming a good. Marginal ...