Limits on the quantity or total value of specific products imported into a nation are a) export quotas. b) import quotas. Oc) nontariff barriers. d) protective tariffs. e) export subsidies.

Q: Appledale Dairy is considering upgrading an old ice-cream maker Upgrading is available at two…

A: Present Worth of Moderate Upgrading Motion Initial Investment = 6,600 Annual Savings in year 1 =…

Q: Central banks can use monetary policy to O a) reduce interest rates. O b) increase government…

A: Monetary policy refers to the policy which is adopted by the central bank of the country to…

Q: When $100 is deposited in the banking system, it leads to maximum expansion in bank deposits of…

A: Given: Amount deposited=$100 Maximum expansion in bank deposits=$1000 Excess reserves=0

Q: 5.3 What is the slope (value) of Mrs. Bain budget line? 5.4 In theory, what is the slope (value) of…

A: An indifference curve is a graph that displays the combination of two items that give the client…

Q: Which of the following is the most accurate statement regarding the problem with using life…

A: Life expectancy is one of the economic measures that is used to analyze the health of the people of…

Q: man borrowed an amount of P150,600 to bank that offers an interest rate of 5.36% compounded…

A: *Answer:   According to the question,  Principal = P150,600 Interest Rate = 5.36% = 0.0536 Time…

Q: The United States can produce 80 fish or 20 chips. England can produce 100 fish or 50 chips. With…

A: Opportunity cost basically refers to the cost of best next foregone. In other words refers to the…

Q: The long-run Phillips curve will be vertical because:     unemployment varies with inflation.…

A: The Philips curve is the relationship between unemployment and inflation. It shows a negative…

Q: Three goods are produced and consumed in an economy during years 1 and 2. The table shows prices (P1…

A: Real GDP is basically an inflation-adjusted estimate of the value of goods and services generated in…

Q: Some companies use this as an umbrella term to encompass all CSR efforts that make business more…

A: Corporate social responsibility (CSR) believes that a company should play a positive role in the…

Q: In the Solow model, the steady-state level of output per worker is a function of: Correct Answer: c.…

A: Solow model is a type of exogenous model which shows long run economic growth. Long run economic…

Q: You are considering making an $80,000 investment in a process improvement project. Revenues are…

A: Net Future Value (NFV) is the value in the future of a series of financial streams. At its core, it…

Q: What function of money is highlighted if someone puts cash under his or her mattress to have on hand…

A: Money is an economic unit that serves as a means of exchange in transactions. Money offers a variety…

Q: Suppose there are two oligopoly firms; Firm 1 and Firm 2. Firm 1 is a low-cost firm where as Firm 2…

A: Introduction Two oligopoly firms has given. Firm 1 is low cost firm and firm 2 is high cost firm. i)…

Q: EXAMPLE QUESTION What happens to the price and quantity if the demand and supply both decrease…

A: 1. When demand and supply both increases at the same rate. Initially the demand is Demand1, the…

Q: The quantity theory of money says that changes in nominal money lead to equivalent changes in the…

A: The aggregate demand curve shows the indirect relationship between the price level and the total…

Q: Sean increase production from 5 to 6 fire engines because the dominates in this scenario. True or…

A: Total Revenue: Total revenue is calculated by multiplying the price by the number of units sold.…

Q: he marginal cost of driving a mile is $0.33. (Round your response to two decimal places) an deciding…

A: The answer is as follows:-

Q: If a bank offers an investment opportunity for which the interest is compounded quarterly, and you…

A: The nominal interest rate alludes to the financing cost prior to considering expansion. nominal can…

Q: 8. Amonopolist has a cost function C(4) = . The monopolist faces a market demand curve given by q =…

A: Monopolistic produces output where MR = MC. And TR = P×q =(10-q)q

Q: You can afford a $900 per month mortgage payment. You've found a 30 year loan at 6.5% interest. a)…

A: Given  Monthly mortgage payment A = $900 Time t= 30 years  Rate of interest =6.5% compounded…

Q: ct one: Households and firms can borrow anyways, even at higher interest rates, so there is no p The…

A: While government spending neglects to increment generally total interest on the grounds that higher…

Q: Topic: Inflation   Assuming an average inflation rate of 6% during the past 10 years, how much…

A: Average inflation rate for the past 10 years = 6%  Present value of car =P400k We have to calculate…

Q: For an open economy:     with no depreciation, GNP=GDP.     imports are included in the…

A: When talking about the national income, it is classified as gross domestic product and gross…

Q: 5.3 What is the slope (value) of Mrs. Bain budget line? 5.4 In theory, what is the slope (value) of…

A: Indifference curve refers to the graphical combination of all possible combination of two goods that…

Q: QUESTION 7 Player 2 Left Right P1: $6 P1:$0 Player 1 Up P2: $6 P2: $5 P1: $3 P1: $1 Down P2:$8 P2:…

A: Dominant strategy: is the strategy that gives maximum payoff to a player irrespective of what other…

Q: what is the 3  disadvantage of adopting a single currency ?

A: Answer: Adopting a single currency at the world level has advantages as well as disadvantages. The…

Q: Consider a Cournot oligopoly with two firms, where the demand curves are given by P, = 100- Q1 - 2Q2…

A: Given,  Cournot oligopoly demand functions of two firms : Firm 1 : P1= 100 - Q1  - 2Q2 Firm 2 : P2=…

Q: If Indonesia (which is a small country) imposes an import tariff on textile imports, we can conclude…

A: Answer :-   Option (A) is correct :- The world price of textile rises, and Indonesia imports less.…

Q: 2. Given a particular budget, if Mrs. Bain would like to maximize her utility from days of horseback…

A: The condition for utility maximization is when the consumer consumes at a higher indifference curve…

Q: ucker and Eddie are playing the following game. Tucker can choose A or B and Eddie can choose C or…

A: Introduction Tucker and Eddie are playing a game. Tucker can choose A or B. Eddie can choose C or D.…

Q: 3. Given a particular budget, if Mrs. Bain would like to maximize her utility from days of horseback…

A: According to the consumer behavior theory, a consumer buys a combination of two goods that maximizes…

Q: О с. 2.8

A:

Q: If government increases spending and wants to maintain a balanced budget, it should

A: The answer is as follows:-

Q: Use the following diagram, which depicts a typical market with a positive externality, to answer…

A: Answer (20): Without government intervention, the competitive equilibrium will prevail and the…

Q: 4. Which bundle of goods will maximize Mrs. Bain's utility given her budget for days of horseback…

A: The graphical depiction of numerous potential combinations of bundles of two products among which…

Q: Economists predict that this price floor will cause the quality of beans offered for sale to, a.…

A: The lowest price that can be charged is referred to as a price floor. When the government…

Q: Wendy's bus ticket and sandwich budget is $2D a week. The price of a bus ticket is $2 and the price…

A: The answer is as follows:-

Q: The demand curve for a product is given by QD = 475 - 25P and the supply curve for a product %3D is…

A: Solution: Equilibrium occurs where the demand equals supply, so QD = QS 475 - 25P = 15P - 45 475 +…

Q: 1. Why is the marketing concept sometimes difficult to implement in firms?

A: The detailed answer is as follows:-

Q: Suppose you like watching YouTube videos more than I do. The marginal va day must be higher than the…

A: Below is the curve for marginal value:

Q: one input and derive the short-run cost function. Show that long-run average and marginal cost are…

A: The Cobb-Douglas production function depends on the observational investigation of the American…

Q: Cuckoo rice cooker, made by the Cuckoo Company, Inc., is an electric rice cooker that promises…

A: Economies of scale alludes to the peculiarity where the typical expenses per unit of result decline…

Q: Why might governments seek to regulate monopolies? A. Most monopolies are created through corrupt…

A: A monopoly market is one in which there is only one vendor of a commodity who is not competing with…

Q: Determine whether the statement is true, false, or uncertain. If the statement is false or…

A: When talking about closed economy, it is the economy whose economic activities bate limited to its…

Q: If you borrow $3,000 at 6% simple interest per year for seven years, how much will you have to repay…

A: Answers   Q1. Option (b) is correct Here we need to use the simple interest formula as below:…

Q: QUESTION 1 A firm in a monopolistically competitive market faces the following demand curve: Q(P) =…

A: We have TC = 6675+4Q And MC = dTC/dQ= 4

Q: AU.S. federal government budget deficit occurs when Oa) the United States lends money to foreign…

A: The government budget refers to the document created by the government body which consists of…

Q: QUESTION 2 Suppose that for every open-market operation in the amount of $1, money supply increases…

A: Answer:- 2) Money supply = Currency held by nonbank public + Deposits held at commercial banks = 700…

Q: Real and Nominal GDP |video games energy drinks year 1 price year 1 output year 2 price year 2…

A: GDP is defined as the total production of all goods and services within territory of the country in…