List the Good and Bad effect of global free trade in a country?

Q: How would you solve PART D (the one with externality) of this question? Thx

A: The budget line shows the combination of two goods that can be purchased with the given resources an...

Q: In each of the following cases, calculate the values of MPC, MPW, and the spending multiplier. Enter...

A: Spending multiplier: - it is a fraction that shows the magnitude of the change in national income du...

Q: Mr. Lee purchased a small condominium. He paid P350,000 as down payment and agreed to pay P35,000 ev...

A: Prize of the condominium = Down payment + Present value of quarterly payments. 

Q: The inverse demand for tea is given by P= 8 – 0.03Q, where Pis the price per a gram of tea and Q is ...

A: Both shop have same cost structure and therefore their reactions function and the output are going t...

Q: (In this and all other questions in which a game matrix is given, Player 1 chooses the row, Player 2...

A: Iterated elimination of strictly dominated strategies (IESDS) The iterated elimination (or deletion)...

Q: 200 For the demand function q= D(p)=D find the following. (p + 5)3 a) The elasticity b) The elastici...

A:

Q: Consider the compound interest equation B(t) = 100(1.1664)'. Assume that n = 2, and rewrite B(t) in ...

A: Answer -

Q: U.S. import transactions create:    a foreign demand for dollars and the satisfaction of this demand...

A: International trade helps in integration of the world economy through trade and commerce. Internatio...

Q: explain what socio-economic theory assumes about people’s behavior. What are some of the social cons...

A: The study of the connection or interaction between social behaviour and economics is known as social...

Q: neem ofwr a. Which point represents the optimunm combination of leisure and consumption after the wa...

A: The willingness of a person to work in a market and do job is determined by his/her choices for leis...

Q: List down the important ideas/concepts presente. Globalization is the term used to describe how cou...

A: Globalization is the connection and integration of people, businesses, and governments all across th...

Q: During a recent 30-day period, the Squish restaurant sold 600 Ocean Delights at a price of $6.45. Du...

A: Total revenue is the multiplication of price and quantity. The price rises then the total revenue ri...

Q: John borrowed $7,000 from a commercial bank for 6 years to pay his tuition fee. Calculate the intere...

A: The annual interest rate is the annual interest generated on an amount levied to borrowers or paid t...

Q: Please solve using a national income accounting: An increase in disposable income will increase in ...

A: National income means the total factor income earned by country's national income during an accounti...

Q: 9.2 (LG 9.2) Find the real amounts (with today as the base year) corresponding to the current amount...

A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and s...

Q: a. A social cost is applied to the monopolist market structure. Why does this occur? If the gains pr...

A: A social cost is a deadweight loss i.e. it is welfare loss for the society as a whole. 

Q: Q Suppose that the market is initially at an equilibrium price of $6 and an equilibrium quantity of ...

A: We show that  deadweight loss from the tax given below 

Q: Suppose producers bear most of the burden of a specific tax of 20 cents on staplers. Which ONE state...

A: Since you have asked multiple question, we will solve the first question for you. If you want any sp...

Q: r=0% on deposits. Consumer needs to borrow $50 loan and the consumer has uncertain income of y=50,80...

A:

Q: The table below shows labour force information for a hypothetical economy, Selkirk. Answer the follo...

A: The labour force participation rate is the measure to evaluate working-age population in an economy.

Q: If price is increased from $3 to $4 in the graph above, consumer surplus will fall by:

A:

Q: 10 Supply 7.5 2.5 Demand 200 400 600 800 Q When the market in the graph above is in equilibrium, con...

A: Consumer surplus shows the difference between consumer willingness to pay and the actual price paid ...

Q: Suppose the local authorities wanted to achieve a more drastic reduction in total pollu- tion of 75 ...

A: Let us assume ,  Marginal abatement cost of firm 1 be = c1  Marginal abatement cost of firm 1 be = c...

Q: Questions: A housewife paid $ 67.50 for an electric machine. At the end of 10 years, it was valued a...

A:

Q: The heat loss through the exterior walls of a certain manufacturing plant is estimated to cost $2900...

A: Given that; First cost= $401,000 which can reduce heat loss by 80% Cost at EOY 1=$29000  The cost of...

Q: What are the difference between PRIVATE COST and SOCIAL COST in terms of 'educational institutions' ...

A: Cost includes all the money that is incurred on the production of goods and services.  In terms of e...

Q: How has the global economy changed?

A: A global economy is the result of economic interdependence between the world's most powerful countri...

Q: The Jones are small farmers in the wheat industry – they are price takers.  Their cost function is: ...

A: There are large number of firms selling identical goods in the market. This makes the firms price ta...

Q: In Modules 3 and 4 we explained how consumers and businesses are better able to adjust purchases and...

A: Short run is the time period where at least one of the factors of production remains fixed. For eg. ...

Q: Does a competitive firm’s price equal its marginal cost in the short run, in the long run, or both? ...

A: The expenses that are being incurred for carrying out daily transactions of a business are known as ...

Q: What does a firm that is a natural monopoly derive its market power from? Group of answer choices ...

A: A natural monopoly is a sort of monopoly that arises from high start-up costs or large economies of ...

Q: Marginal Utility is the additional satisfaction or utility from each extra unit of consumption. Tota...

A: Classical Theory of Demand : Classical theory of demand or Marshallian theory is the first systemati...

Q: Predict how each of the following economic changes will affect the equilibrium price and quantity in...

A: The price and quantity are determined when demand and supply meet at a point, similarly, the rate of...

Q: Which of the following will not cause an increase in equilibrium GDP? a) an increase in government e...

A: According to the expenditure approach of calculating national income,  Y= C+I+G+NX C is the domestic...

Q: Discuss in detail one negative impact of the 2007–2009 Global Financial Crisis and an approach that ...

A: Great recession and the causes is complex and involve several forces. The period required to recover...

Q: For the demand function q = D(p)%3D 288- p, find the following. a) The elasticity b) The elasticity ...

A: Answer: Given, Demand function: q=Dp=288-p=288-p12 (a). Let us first find the slope of the demand fu...

Q: Consider an economy with the following features Consumption, C= 100 + 0.9 Y, Income tax, t=-Y 3. Inv...

A: Answer:   Therefore the IS equation is Y=2500-75i

Q: The handcart market contains many identical firms and operates perfectl competitively. Each firm has...

A: Total Cost function : 400 + 5q + q2 In perfectly competitive market optimal production level is achi...

Q: 1. Consider the following game in strategic or normal form. A2 B2 C2 A1 1,0 1,2 -2,1 B1 6,2 0,3 2,3 ...

A: Iterative elimination method of finding Nash equilibrium points involves eliminating all the strictl...

Q: Firms in the market for dog food are selling in a purely competitive market. A firm producing dog fo...

A: There are no entry barriers in the perfectly competitive firm. In the long run firms can enter and e...

Q: The following consumption function of an economy is given3; 40+0.8Y where Y is national income If th...

A: Solution is given:

Q: Acording to the IMF's Review of Exchange Rate Agreements, Restrictions, and Controls from November 2...

A: IMF's Review of Exchange Rate Agreements, Restrictions, and Controls from November 2007 As per IMF r...

Q: Refer to the information provided in Table 8.1 below to answer the questions that follow. Table 8.1 ...

A: Disclaimer :- as you posted multipart questions we are supposed to solve the first 3 questions only ...

Q: Plotted through point E are two demand curves; one is relatively elastic, and the other is relativel...

A: The kinked demand curve represents the independence of firms in an oligopoly market. The kink of the...

Q: Pizza production requires labor (cooks) and capital (ovens). If the wage rate for cooks is $15 per h...

A: Given, The wage rate for cooks = $15 per hour  The rental rate on ovens = $20 an hour  The MPP for c...

Q: Now draw a supply-and-demand diagram for the liquor market with the tax. Show the price paid by cons...

A: Answer - 

Q: 2. What is rent seeking? 3. What is market failure?

A: Rent seeking often results in inefficiencies in the market. It creates pricing disadvantages for the...

Q: (3) Consider the following figure about the real price of oil. Real price of oil 90 Start of pandemi...

A: The demand curve for labour, under the ceteris paribus assumption, shows the amount of labor employe...

Q: This plant design, entitled “IIVSDROP: The First Ear Dropper Solution Manufacturing Plant in the Phi...

A: Total cost is the expenditure that is incurred in the production of the goods. It means the total co...

Q: Consumer has utility function In(c1)+beta*In(c2), where beta=1. Interest rate i=0%. (NOTE!) Income y...

A: Utility function : ln(c1) + ln(c2)      (As Beta = 1 ) y1 = 10 ,  y2 = 50  Budget Constraint in peri...