Q 19. What happened when people attempted to pass a federal income tax in the United States before 1913? They were unpopular and Congress quickly voted to get rid of them. They did not have the technology to effectively collect income taxes. The Supreme Court ruled that income taxes were unconstitutional. They were only meant to fund the Civil War and were discontinued when the war was over.

Q: 1) There are 1000 pear producers that have identical cost functions,  where q is the number of…

A: Note: in the first question the cost function is missing thus I am solving the second question only.…

Q: Punitive damages are designed to punish the wrongdoer. What type(s) of tort may be subject to a…

A: Answer is given below

Q: Suppose that national income has fallen from its natural level (Y.) to a lower level at which there…

A: Cyclical unemployment is the portion of overall unemployment that arises directly from economic ups…

Q: Leopard golf clubs usually sell for $1300. At this price, the retailer can sell on average 20 sets…

A: Revenue optimization is a mixture of demand, pricing, and marketing strategies utilized to maximize…

Q: All of the following are eligible for coverage under a Dwelling policy, except:   A A residential…

A: Dwelling policy: A dwelling policy is sometimes called dwelling insurance. Under this insurance, the…

Q: Consider the case of the following large country (all prices are measured in euros, and  quantities…

A: The concept that depicts the exchange of goods and services among countries through exchanging money…

Q: Give an explanation to the answer and ensure all the steps are shown

A: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-parts at a…

Q: uppose the Federal Reserve buys bonds from the banking system, the money supply curve. Multiple…

A: The supply curve shows the relation in form of graph between the price and quantity of a product…

Q: Which of the following is NOT generally considered a theme in the political and economic development…

A: * ANSWER :-  (9)   from given data the answer is given as

Q: CHOICES: a. Both statements are TRUE b. 1st statement is TRUE, 2nd is FALSE c. Both statements are…

A: When talking about agriculture sector, it can be said that it is the primary and most important…

Q: What kinds of opportunities affect the efficacy of social movements?

A: Answer is given below

Q: Sustainable development would be best described as _________. a. Emphasizing the role of government…

A: Goals: 1. Economic growth: It aims at economic growth of the country through the means of…

Q: Benefits Dis-benefits To the people P 15 Million now and P1.5 Million per year for ten years P 1…

A: BCR is calculated by dividing the proposed total cash benefit of a project by the proposed total…

Q: how did you get 30.205?

A: Consumption in first period:q1=15.385Consumption in next period:q2=15.205

Q: 5. Decision reversal during sensitivity analysis A requires only a single parameter to be modified.…

A: Answer is given below

Q: The following equations describe the monopolist's demand, marginal revenue, and the marginal cost:…

A: A monopoly firm produces at the intersection point of MR and MC in order to maximize profit.  Set MR…

Q: CHOICES: a. Both statements are TRUE b. 1st statement is TRUE, 2nd is FALSE c. Both statements are…

A: For statement 1- Increasing consumption of nonrenewable resources, increased pollution, global…

Q: What represents the behaviour of buyers?   Question 13 options:   demand   supply   a market…

A: In the mentioned question we have been asked what is behavior of buyers.

Q: What does Microeconomics primarily examine?   Question 3 options:   the behaviour of households but…

A: Meaning of Economics: The term economics refers to the situation under which there remain…

Q: For a given option portfolio, you are long vega (value increases as volatility goes up), and short…

A: implied volatility The underlying asset's market price is referred to as "volatility." It measures…

Q: Suppose you are the manager of a fim The accounting department has provided cost estimates Analyze…

A: Profit is revenue minus cost i.e., Profit = Revenue - Cost At break-even quantity, profit is zero…

Q: Discuss the arguments for privatization. Are you for or against privatization?

A: The measure that depicts an increase in the production of services and goods in an economy during a…

Q: Consider a closed economy with a government.  Consumption is given by C = 1,000 + 0.8Yd   Further, t…

A: Aggregate output is the sum of consumption, investment, government spending and net exports in an…

Q: CHOICES: a. Both statements are TRUE b. 1st statement is TRUE, 2nd is FALSE c. Both statements are…

A: An economist is a person who analyses how individuals make choices and is interested in utilizing…

Q: The Leontief study testing the Heckscher-Ohlin theory showed that

A: Leontief study or Leontief paradox refers to the empirical study done by Wassily Leontief to verify…

Q: Over the last 25 years, real interest rates in the developed world have O have increased have fallen…

A: When a borrower repays a loan with interest, the real interest rate represents the percentage gain…

Q: What health inequity issues, in the context of social, economic, and environmental determinants of…

A: The government is the institution that plays an important role in controlling fiscal policy. The…

Q: 7 Chapter Subject: Monopoly   Should Amazon be regulated by the U.S. Government? Explain.

A: Monopoly A monopoly is a form of the market where there is a large number of Buyers and only a…

Q: what is industial policy.

A: The main aim of industrial policy of any country is to supplement the industrial production of the…

Q: An alternative has the following cash flows: benefits = $50,000 per year; disbenefits $27.000 per…

A: Information given is as follows:- Benefits = $50,000 per year Disbenefits = $27,000 per year Costs…

Q: If the velocity of money is increasing, but the money supply is not, it is likely the economy is…

A: According to the quantity theory of money; MV = PY Where M is money supply V is the velocity of…

Q: ) How can a firm determine the best level of output and price for products that are jointly produced…

A: Introduction The firm establishes the optimum or best level of output and pricing for commodities…

Q: ssume that a country is endowed with 4 units of oil reserve. There is no oil substitute available.…

A: In behavioral economics, willingness to pay (WTP) refers to the lowest or highest price at which a…

Q: What is a marginal change?   Question 5 options:   a long-term trend   a large, significant…

A: In the mentioned question we have been asked what is marginal change.

Q: What are the advantages of the affinity group model of organization? What are its disadvantages?

A: Answer -   affinity group model of organization:- It is the model where group of people work…

Q: Suppose a manufacturer and its retailer face the problem of double marginalization described in my…

A: Profit is the difference between total revenue and total cost. The total revenue is the revenue that…

Q: The following table shows the market demand in a MONOPOLY market. What is the Marginal Revenue of…

A: Meaning of Monopoly Market: The term monopoly refers to the situation under which there is only an…

Q: Almost all of today's development economists believe that a. agriculture is important, but a heavy…

A: Developmental economists are the people who study the economy and focuses on the areas to improve…

Q: What is the related diversification strategy

A: The inspiration driving Tesla's diversification strategy is to situate themselves in key bottleneck…

Q: r of rare antique books wants to sell a book from her collection on eBay. Disc ving decisions,…

A: A) The beginning cost of the auction ought to be set at the most minimal conceivable value that the…

Q: Mary plans to borrow $10,000 now to start a business. She promised to repay the entire principal…

A: Compound interest: A=P1+r100nWhere, A=AmountP=Principalr=Rate of interestn=Time(In years)

Q: QUESTION ONE (a) The table below shows the average monthly salary in Kenya Shillings and the…

A: Hi! Thank you for the question. As per the honor code, We’ll answer the first question since the…

Q: Mike Boyle only wants to attract customers who will be frequent users of his facilities and training…

A: Mike Boyle wants to retain its existing customer base by offering quality service.

Q: Based on a study, the Lorenz curves for the distribution of incomes for bankers and actuaries are…

A: Given information Lorenz Curve function for Bankers: f(x)=110x+910x2 Lorenz Curve function for…

Q: In the economy of Ukzten in 2010, consumption was $3,000, exports were $400, GDP was $5,000, imports…

A: Government spending refers to money spent by the public sector on the acquisition of goods and…

Q: CHOICES: a. Both statements are TRUE b. 1st statement is TRUE, 2nd is FALSE c. Both statements are…

A: Income inequality:- Income disparity refers to how income are allocated unequally across a society.…

Q: If the spending multiplier is 10, a S100 increase in government spending and Sl00 increase in taxes,…

A: GDP is the value of final goods and services produced in the economy within a given period of time

Q: n Country Wise, households and firms want to keep a currency to deposit ratio, c, of 0.20, while…

A: The money multiplier measures the change in money supply due to a change in the monetary base. Money…

Q: You are Lori Lightfoot. The city needs money.  You are contemplating 2 sources of revenue:  levying…

A: The demand curve shows the inverse relationship between price and quantity demanded. The demand…

Q: What sort of event could lead to a simultaneous decrease in the rates of inflation and unemployment?…

A: Philips (PC) bend is a macroeconomic model that lays out a connection between expansion rate and…