In the United States, tariff.policies are determined by the US Congress and enforced by the US Customs. O true false

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A: A perfect competition market, also called an atomistic market, is referred by various idealizing…

Q: Sort the following shocks into aggregate supply or aggregate demand shocks. Remember that "shocks”…

A: Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Q: Draw the line of equality. Draw a Lorenz curve for the distribution of income and label it. >>>…

A: the Lorenz curve signifies an imbalance in the conveyance of one or the other riches or income;…

Q: producers charge the competitive and efficient level of prices, then price and output in the market…

A: In a competitive and efficient level of production point the competitive firm maximizes its profit…

Q: 8. The American Recovery and Reinvestment Act of 2009 was an expansionary fiscal policy whose…

A: Fiscal Policies:- A government generally regulates the market through fiscal measures, the measures…

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A: Returns to scale explain how production evolves over time in response to an increase in all inputs.…

Q: Tom's Family Photos is a photographic portrait business in a perfectly competitive market in Fargo.…

A: Perfect competition market is the market where large firms sell the homogenous product to the large…

Q: Question 2 Consider a market with just one firm. The demand in the market is p 100-2Q and the…

A: Consumer Surplus:- Whenever companies charge less for a commodity than what customers are prepared…

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A: Anti competitive prices are not favorable for general welfare of society. Such practices tend to…

Q: 7. In calculating the National Income using the Income Method, stock appreciation is deducted…

A: Income method is one of the methods to calculate national income. In it all the income generated by…

Q: A global event from the past 100 years such as pandemics, recessions or technological booms and

A: As we refer to international trade, our global economy is interconnected with that of every other…

Q: Which type of a firm, monopolistically competitive or a monopoly, will have a greater incentive to…

A: A monopolistically competitive market comprises of many sellers supplying similar but differentiated…

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A: Monopsony alludes to a market condition where there is just a single buyer or consumer. This implies…

Q: In the full employment model and government spending, investment, and tax levels O taxes, government…

A: 11. "Since you have asked multiple questions, we will solve first question for you .. If you want…

Q: There will be a wage. of workers when the wage is the equilibrium

A: In the labour market, the equilibrium wage rate is determined by the intersection of the labour…

Q: Selim has no income in period 1 (consumption now) and an income of 1800₺ in period 2 (consumption…

A: here we calculate the maximum amount the Salim can borrow in period 1 by the following method as…

Q: Q1. Consider the adverse selection model, where the ability of each worker, 0, can be 1, 2 or 5.…

A: Given,   Ability of each worker = 1, 2,or 5 Probability associated to each = (1/3,1/6,1/2)…

Q: ** The following graph shows the marginal revenue (MR), demand (D), marginal cost (MC) and average…

A: 1. Optimal output occurs where Marginal Revenue is equal to the Marginal Cost. It is depicted by Q*.…

Q: 4. Which factor is NOT a tool of fiscal policy? (Select All that Apply) A. changing the tax rates B.…

A: As there are multiple separate questions answer is provided to the first question i.e. question 4.…

Q: What is the future worth of these payments for 16 years if interest is 9% in the first year and…

A: The future value if the compounding is done annually is:  FV = P (1 + R)t R : Interest rate PA…

Q: Jen is choosing a portfolio. For this choice, she is an expected utility maximizer. We fix the…

A: Wants satisfying of the commodity is known as utility , higher the utility higher the satisfaction ,…

Q: Diagram 1 Price Level (PL) O ADO O AD1 YF O AD2 AD3 O AD3 AD4 If you cannot see the image above,…

A:

Q: Business travelers riding on Amtrak from Rocklin to Oakland are charged $20 for a daily pass, but on…

A: Different prices charged on different days is also a type of price discrimination and this type of…

Q: please answer the following question: 1. Expansionary policies are government policies that: A)…

A: "In macro-economics, there are two kinds of policies i.e. fiscal policy and monetary policy and both…

Q: Consider a 25-year loan with an annual interest rate of 7 percent and monthly payments of $1,201.53.…

A: In the mentioned question we have to calculate the values of loan amount, Lender's IRR and also we…

Q: he graph shows the demand curve, marginal revenue urve, and cost curves of Bob's Best Burgers, a…

A: Answer to the question is as follows:

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A: A monopolistic competition market is a market structure having a large number of firms selling…

Q: Jim lost his job due to a leftward shift of the SRAS curve. He wants to know if the Federal Reserve…

A: In an economy, short-run aggregate supply curve is upward sloping and shifts leftward when there is…

Q: Suppose the US dollar is currently trading at a nominal exchange rate of e=120 Yen. If the inflation…

A: We are going to use uncovered interest rate parity to answer this question.

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A: Price rise from $0.50 to $1 Quantity demand falls from 120 to 40

Q: In the long run, each firm in monopolistic competition O A. has the same markup and excess capacity…

A: In monopolistic market, 1) there are many number of buyers but only few number of sellers.2) There…

Q: Please answer these two questions using the information from above: The government wants to increase…

A:

Q: Kevin and Maria are farmers. Each one owns a 12-acre plot of land. The following table shows the…

A: Here, the given table shows the production possibility of Kevin and Maria with 12-acre plot of land…

Q: You just made an investment in an insurance policy that is guaranteed to pay you $2.3 million 20…

A: Given, Future return on investment= $2.3 millionNumber of years=20Market interest rate=8%Inflation…

Q: 2) The GDP of Macrovia in year 1 is A) $4,000,000 B) $5,600,000 C) $6,600,000 D) $5,000,000 3)…

A: Gross domestic product (GDP) is the standard measure of the value added created through the…

Q: Suppose the Central Bank sets 1 year real interest rates by following this Taylor rule: rt = +…

A: Taylor's Rule is used by the central banks to draw out a framework for the interest rates in the…

Q: The city government is considering two tax proposals: • A lump-sum tax of $300 on each producer of…

A: In the mentioned question we have been asked what would happen if The city government imposed A…

Q: E1 Suppose the Central Bank of Bothnia buys Treasury Bonds. What will be the impact on the price…

A: "Fiscal policy in economics is a policy which by utilizing tools such as taxes and government…

Q: Demand for good X is perfectly elastic. Currently, the price of good X is $5 and quantity demanded…

A: Elasticity is the term economists use to define highly responsive supply and demand are to changes…

Q: Please answer all three questions:  Use the demand schedule below to answer the questions. Round…

A: Demand Refers to the quantity that a consumer wishes to buy at given price in a given period of…

Q: Which of the following statements is correct?

A: A Lorenz curve is a graphical representation of the distribution of income or wealth within a…

Q: To what extent was the Fed being responsible for the housing price bubble of the early 2000s.

A: The housing price bubble of early 2000s further led to subprime crisis which was majorly responsible…

Q: Entrepreneur's forgone interest on personal funds used to finance the Creamy Crisp A. has lower…

A: An economic profit is the difference between the revenue a commercial entity has received from its…

Q: to the text In an effort to increase business in 2016, Nir-Van-A (a company that provides van…

A: In the mentioned question we have to calculate the labor cost margin for both the years separately.…

Q: raw and properly label an AD-AS model to show Keynesian, intermediate, and neoclassical zones (6%).…

A: The AD-AS model with the mentioned perimeters is provided below:

Q: firm in a competitive market receives $1,200 in total revenue and has marginal

A: Here, AR average revenue  MR marginal revenue  TR total revenue  P Price  Q quantity

Q: Read Eye on Smartphones. Explain why smartphone producers offer such a large variety of their…

A: If a product is significantly distinct from those of other companies, it is said to be product…

Q: Suppose the nominal exchange rate between Russian rubles and US dollars is given as e=75 rubles. If…

A: The real exchange rate is the rate between two currencies where nominal rate is adjusted with the…

Q: The demand for a good at price P is given by Q = a + pl-b where Q is quantity demanded, b> 1, and a…

A:

Q: Suppose the government of a typical developing country increased the salary of civil servants at a…

A: AD is negatively sloped while SRAS is positively sloped. The intersection between these gives the…