Politicians claim that the increased price of gasoline is a problem and to solve it we must increase our energy supplies. Discuss the economic and environmental problems with this idea
Q: What is the current value of a security that pays P165,500 per year for 10 years if similar…
A: The present value of future payments from an annuity, assuming a defined rate of return, or discount…
Q: Compare and contrast absolute advantage and comparative theories. advantage trade
A: The goal of Trade Theory is to explain current trade patterns and their impact on the domestic…
Q: 3 Explain the benefits of gaining international business experience and working as an expat
A: A business is a firm that buys or sells goods and services at the market price in the market. It…
Q: 7. According to the Stolper-Samuelson theorem, when a labour-abundant country opens up for free…
A: Stolper-Samuelson theorem is an extension or Heckscher Ohlin model of international trade.
Q: The price elasticity of demand for a product is __________ when the price of this product increases…
A: Given information, Percentage change in price: 22% Percentage change in quantity demanded: 32% To…
Q: A 25-year-old student is offered an opportunity to invest some money in a retirement account that…
A: Given informations: Amount at the time of retirement, F = 1000000Time, t = 56 - 25 = 31r= 5%
Q: Price D1 D2 S1 S2 $18 7 11 22 17 $15 10 15 20 15 $12 13 17 18 13 $9 16 21 16 11 $6 19 24 14 9 $3 21…
A: Equilibrium in the market occurs at the intersection point of demand and supply curve. It implies…
Q: This is the answer plz write Clear hand written Y=5K0.5 +3L Multiply k & L by X 0.5 5(xk) ⁰.³ + 3…
A: We have output Y is a function of both labor and capital.
Q: Kindly give the given, complete and detailed solution. THANK YOU.) John bought a car with cash value…
A: Given: Car price = P14,000 Down payment = P4,000 r = 5.23% n=1 (number of years) t = 4 (number of…
Q: and buries the cash in his backyard. By how much will the bank have to reduce its loans? Calculate…
A: here we calculate the maximum amount of money supply may contract as follow:-
Q: Who approves charters of new nationally chartered banks?
A: A chartered bank refers to a financial institution (FI) that accepts and safeguards monetary…
Q: 1. in the 1919 the red scare in the United States led to government raids that uncovered large…
A: Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: Which of the following is NOT a characteristic of business to business markets? O a. Compared to…
A: Business is an organization or group of firms or people where they work together to produce goods or…
Q: The following are common examples of variable costs except A All of the above (B) Utilities…
A: The firms have to incur various types of costs to produce the goods and services in the economy. The…
Q: Explain in detail why economic profits are zero in the long run in the Perfect Competition (PC)…
A: Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: (plus symbols) represent three possible output levels in a given month. You can click on the points…
A: A (PPF), creation probability bend (PPC), or creation probability limit (PPB), or change…
Q: Under which condition the fiscal policy has the maximum effect on real national income? Sketch graph…
A: Fiscal policy, measures used by governments to stabilize the economy, specifically by manipulating…
Q: Figure 2 shows the payments and revenues of a small project. If M.R.R.R=%12, Evaluate the project…
A:
Q: If each country specializes in the good in which it has a comparative advantage,....will gain from…
A: Introduction According to comparative advantage, countries will trade with others, exporting…
Q: Argentina and Brazil are considering the potential gains of trade. There is only one factor of…
A: The voluntary exchange of commodities or services between economic players is referred to as trade.…
Q: Which situation fits Marx's description of the condition of workers in capitalist economies? a. A…
A: Marx's description of the condition of workers in capitalist economies can be explained as follows:
Q: Questions 1.4 and 1.5 refer to a consumer with preferences over food (x) and clothing (y)…
A: The consumer price index is a comprehensive metric for estimating price changes in a basket of…
Q: It costs a firm $200 per unit to produce product A and $350 per unit to produc together at $500 per…
A: There two type of action in which firm can work (i) scale and (ii) scope , if the firm work good in…
Q: Explain fully why the AD curve has a negative slope.
A: Demand for a good is defined as the amount of that good that consumers are willing and able to buy…
Q: Outline the characteristics of a perfect competition market that makes it different from an…
A: "In an economy there are different market structures. Market structure depicts how various…
Q: Joshua's family that claimed a 1,000,000 peso prize on a Christmas party raffle decided to put…
A: Compound interest occurs when the interest earned on the principal of an investment (or loan) is…
Q: 3. Find, and formally state, all mixed strategy Nash equilibria of this game, in which A's payoffs…
A: We have simultaneous game between 3 players where each player have same set of actions ( X, Y and…
Q: (Kindly give the given, complete and detailed solution. Thank you) Ten years ago, you deposited…
A: Compound interest rate is the interest on loan based on both the initial principal and the…
Q: Question 15 New oak tables are normal goods. What would happen to the equilibrium price and quantity…
A: The measure that depicts the point at which the quantity being demanded of a good or service is…
Q: Q.1) The Metal Works Inc. received an order for 500 metal gates. The fixed cost is assumed to be…
A: As per total revenue it is known to be as the value of the total receipts a seller in the market can…
Q: Economics A strong economic expansion, such as economic growth in the U.S. during the early 1940s…
A: In an economy, the consequence of changes in economic growth can be seen on unemployment rate,…
Q: Can environmental justice and sustainability be achieved in the Philippines? Why? Explain your…
A: In January 2018, the (WEC) World Energy Council named the Philippines as the number one country for…
Q: Tim Geithner, a former V. S. Treasury Secretary, has said, "The recession that began in late 2007…
A: Coming up next are the vitally economic interaction standards:-1) One consumer's expenditures are…
Q: economics explains economic phenomena according to their cause and effects Which economics explains…
A: Economics is known to be as the branch of specific knowledge which includes with the process of the…
Q: 1. Explain Arrow impossibility theorem and show the voter paradox with an example Consider an…
A: According to the theorem, a ranked-voting electoral system cannot achieve a community-wide ranked…
Q: In one or two sentences, explain why Keynesian economists believe that increasing the money supply…
A: According to Keynesian economists, aggregate demand is the sum of consumer spending, investment,…
Q: • Determine different types of Unemployment
A: Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: If new firms are able to enter the furniture market, then, Ceteris Paribus, other things being…
A: When talking about furniture market, this market will be competitive if new firms have an…
Q: Given Q = AK" LP; Qo = 2,000, A = 100, a = 0.6, p = 0.8, w = 50, r = 80 A. Does this production…
A: The technical relationship b/w the quantities of physical inputs and quantities of products output…
Q: The law of increasing opportunity cost arises because of the lack of labour mobility?
A: Opportunity cost refers to the cost of trade offs between goods. If the consumer decides to consume…
Q: 17. Which of the following regulations prevent price gouging? a) Price floors b) Price fixing c)…
A: 17. In an economy, price gouging refers to the situation when a seller charges a price much higher…
Q: A. When the price =50000-500(Demand) and the variable cost-$3000 per unit, the value of demand that…
A: "Since you have asked multiple questions, we will solve first question for you .. If you want any…
Q: 7. Five equal deposits of $8000 will be made every 3 years starting next year at % per year…
A: To find the future worth at a given period firstly we find the effective annual interest rate -…
Q: A. If George is willing to pay P100 for a product and John is willing to pay P80 for the same, the…
A: Consumer surplus occurs when the consumer's willingness to pay is greater than the market price.…
Q: True/False. In all cases, variable universal life insurance policies link the death benefit directly…
A: The profit from a speculation portfolio. The venture portfolio can contain a solitary resource or…
Q: Explain how Friedman included expectations in his macroeconomic theory, as well as his theory on the…
A: Macroeconomic theory: Macroeconomics is worried about the comprehension of the total peculiarities…
Q: Let’s assume that a severe hurricane destroys many shrimp farms along the Gulf Coast of Louisiana.…
A: Here, it is given that the impact of a severe hurricane led to destroy many shrimp farms in the Gulf…
Q: A commercial fisherman notices the following relationship between hours spent fishing and the…
A: Quantity = Total Product Marginal Product = TPn+1 - TPn where TP = Total Product So marginal product…
Q: Evaluate the two alternatives A and B and decide the economic justified alternative using: Present…
A: Annual worth or AW is referred to as the easy way of understanding the annual amount, for instance,…
Q: 6. Everything else held constant, a decrease in wealth A) increases the demand for stocks B)…
A: Wealth is the individual's net worth. It is the accumulation of money, assets held by an individual…
Step by step
Solved in 3 steps
- Explain the principal laws of environmentDiscuss how rationing impure public goods would limit consumption of the following (USE PROPER DIAGRAM) : i. Roads : ii. Healthcare iii. Public recreational parksThe cost of oil could decrease for the residents of countries that have to import fossil fuels. Why is this an unlikely scenario? a) Fossil fuel prices do not change b) Oil prices are set by the residents c) Countries don't need to import fossil fuels d) The cost of oil will likely increase, not decrease.
- Q8. A trade off exists between a clean environment and a higher level of income in that a) studies show that individuals with higher levels of income pollute less than low-income individuals. b) efforts to reduce pollution typically are not completely successful. c) laws that reduce pollution raise costs of production and reduce incomes. d) employing individuals to clean up pollution causes increases in employment and income. Answer ____ Explain your answer:ANSWER LETTER A As a eco-tourism site, the Kubak crystal caves are renowned for their stalactites and stalagmites.The warden of the caves offers a tour each afternoon at 2pm sharp. The caves can be shown toonly four people per day without disturbing their fragile ecology. Occasionally, however, more thanfour people want to see the caves on the same day. The following schedule lists the people whowanted to see the caves on September 24, 2003, together with their respective times of arrival andreservation prices for taking the tour that day. Customers Arrival Time Reservation price Herman 1:48 P 20 Jon 1:50 14 Kate 1:53 30 Jack 1:56 15 Penny 1:57 40 Fran 1:59 12 Faith 2:00 17 a.) If the tour is “free” and the warden operates on a first-come, first-served basis, what will the total consumer surplus be for the four people who get to go on the tour that day? b.) Suppose the warden solicits volunteers to postpone their tour by offering increasing amounts of cash…Define the term natural resources
- explain this slide in regards to green economy. i need about 2 minutes of talking in presentation format with emphasis on carbon creditsThink of one environmental problem that you would like to see solved. From what you’ve learned about policymaking in this chapter, describe how you think you could best create policy to address this problem.The AstraZeneca vaccine is considered to be what type of good? * a.Private Good b.Demerit Good c.Public good d.Merit Good
- Paper and pulp are the fastest-growing sector of the wood products market, as emerging economies of China and India catch up with the growing consumption rates of North America, Europe, and Japan. What should be done to reduce paper use? \Explain key ideas of ecological economics.The best way to fight deforestation is
