Question 10 is a real-life example of a price floor. a) Any market equilibrium price b) A black market price Oc) A minimum wage law d) A price gouging law e) Rent control

Q: Does the effect of Monetary Policy can be seen much quicker than the effect of Fiscal Policy? Is the...

A: The two most widely used instruments for influencing a country's economic activity are monetary poli...

Q: CLD Publishers invests P100,000 today to be repaid in five years in one lump sum at 12% compounded a...

A: Given that, CLD publisher invests P100,000

Q: Write out and explain the GDP and Aggregate Expenditure identity equations.

A: Answer; GDP - The monetary value of all goods and services produced within a nation's geographic bor...

Q: Give an example of how the profits change from the short run to the long run for a firm in a perfect...

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

Q: 4 goods. Goodds A and B are intermediate goods Goods Cand D are final goods The quantities produced ...

A: Intermediate goods are referred to as those goods that are used by businesses in producing goods or ...

Q: What limitations or challenges of The Big-Push Model and The O-Ring Model for developing countries?

A: Developing countries comprise majority of the WTO members. They are grouped developing countries and...

Q: 33. A man buys a house and lot worth P2,000,000.00 if paid in cash. He agreed to pay a down payment ...

A: Given; Total price of house and a lot= P2000000 Down payment= P500,000 Amount paid at the end of one...

Q: Explain how an export subsidy is theoretically meant to work. Think of the application to “infant in...

A: When talking about export subsidy, it is explains by two separate economic concepts that are exports...

Q: Over the past 30 years, the government has offered a wide variety of incentives for people to instal...

A:

Q: What does it mean by taxing imports and exports in the United States?

A: Imports are products and services that a country's inhabitants buy from outside the country instead ...

Q: 9. The People's Republic of China has an estimated $101.54 trillion of capital with a depreciation r...

A: In China, New investment=I=$20.5*0.45T=$9.225T Depriciation=dK=$101.54*0.052=$5.28T I>dK, so chin...

Q: QS At this price there is a units. Who gains from the price floor?

A: A price ceiling and price floor are considered to be price controlling mechanisms that are when the ...

Q: I need clarification on what a "numerical solution" should be in the context of my economic question...

A: Economics is termed as the "Queen of social sciences". And this is so because economics in general c...

Q: An economy's aggregate demand curve is gven as AD6800.6SY, With an increase in foreign income, the i...

A: AD is teh summation of all expenditure such as Consumption, investment, government spending and net ...

Q: You have learned that poverty is an concern which the government has programs to address. An example...

A: The poverty trap is a trap from which it is tough to escape poverty for the people. It is a cycle of...

Q: Refer to the diagram above. What will happen at the market if supply decreases?

A: In the graph, it is clear that the demand curve is inelastic. So the supply and total revenue will s...

Q: 2. As an economic and accounting analyst, which of the two should a government pay more attention fo...

A: Economic growth is basically described as the boom or improvement inside the inflation-adjusted mark...

Q: “All problems in economics are about scarcity, that is, about how to use given resources for satisfy...

A: "All economic problems are about scarcity, that is, how to use limited resources to achieve competin...

Q: wth model differs from the Harrod-Domar because: a. Assumes that deprec

A: In Solow model , the poor countries grow faster than rich countries which lead to convergence of per...

Q: Question 5 Contra Costa College purchases an old building for admiration work. Included in GDP. Not ...

A: GDP refers to the value of goods and services that are produced within the economy in the given year...

Q: Calculating GDP with the exenditure approach and income approach... O..gives the same result ..can g...

A: GDP measures the market value of final goods and services produced by an economy during a given peri...

Q: 5. Give at least four (4) ways the Global Financial Crisis of 2007-2008 could have been protected.

A: (Since you have asked many questions, we will solve the first one for you. If you want any specific ...

Q: If a country was growing at a rate of 4% per year how long would it take that country to double its ...

A: According to Rule 70: The number of years to double = (70 / Annual growth rate) Note: If the annual ...

Q: The following diagram represents an economy in which government spending increases. PPF PPF2 C2 12 (...

A: In an economy, when talking about an increase in government spending, it is generally said that this...

Q: Nhen buyers of insurance have more information about whether they are high-risk or low-risk than the...

A: While purchasing insurance if one party has more information than other, the situation is called adv...

Q: If S1& D1 are the original supply and If S16 D1 are the original supply and demand curves, what happ...

A: NOTE1: Since we only answer up to 3 sub-parts, we’ll answer the first 3. If S1 &D1 are the orig...

Q: Consider an economy in which all taxes are autonomous and the follov us consumption, planned investm...

A: Disclaimer “Since you have asked multiple questions, we will solve the first question for you. If yo...

Q: An Economy is composed of a Producer of Apples, a Producer of Bananas, a Grocery Store, Consumers, a...

A: Total profits = Profits made by Apple producers + Profits made by banana producers + Profits made by...

Q: Why do Urban populations are capital accumulating whereas rural populations are capital consuming?

A: There are business cycles which have to be known by the business groups all around the world. Techni...

Q: Suppose that good weather positively affects supply of bananas in Costa Rica. How a moderate shift i...

A: Elasticity of demand measures the responsiveness of quantity demanded to changes in the price level.

Q: S- MSC 4 d 3 k 4. D- MSB 5 6 Quantity (units) 4 In the figure above, at a quantity of 2 units, consu...

A: Answer -

Q: It is defined to be the capacity of a commodity to satisffy human wants. Discount Luxury Necessity U...

A: Answer: Utility: utility refers to the want satisfying power of a commodity. In other words, every c...

Q: Unions tend to the introduction of labor-saving technology. Select the correct answer below: promote...

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

Q: QUESTION 6. The expected yield on 1-year bonds over the next 5 years is 2.0%, 2.1%, 2.6%, 3.0%, and ...

A: Given  Expected yield on 1 year bond over next 5 years is 2%, 2.1%, 2.6%, 3%, and 3.8% That is  We h...

Q: Refer to the diagram above. What will happen at the market if supply decreases? price goes up and to...

A: Decrease in supply shifts the supply backwards. The effect on price and total revenue can be found o...

Q: The forward rate of exchange is 2 , the spot rate of exchange is 1.75. The US has a bond of 9% inter...

A: There are a variety of market-specific definitions for terminology, such as "ahead rate" and "spot r...

Q: 2 Suppose jon and I pay the game twice Xesume mixed stratojos (ran domi zing ng the thwee action) do...

A: Rock paper scissor game is associated with payoff such that : => Simultaneous game . => If bot...

Q: Uncertainty and Insurance 3) There are 3 agents, one risk averse, another risk neutral, and the thir...

A: Given information 3 agents are given Utility functions of all 3 agents Each agent has wealth = $9 p...

Q: 3.An increase in per capita income in a country implies a decrease in the number of people below the...

A: Per capita income is defined as the measure of amount of money which is earned by individuals. It's ...

Q: EXAMPLE 5.4 M/S Krishna Castings Ltd. is planning to replace its annealing furnace. It has received ...

A: Future value is the value of an asset at a specific date. It measures the nominal future sum of mone...

Q: Consider two Solow economies (A and B), exactly identical except that economy A has a higher share o...

A: This is a model of exogenous economic growth. It studies how changes in population growth, savings r...

Q: b) If two regression models are fit to the same population having two different samples, what are th...

A: Regression is the methodology applied to test the relationship between two or more variables. One in...

Q: What are the pressures that encourage MNEs to establish in newly industrialising countries?

A: Pressure are the resource scarce and having a limited availability of the skilled labor and growing ...

Q: Consider the following game:

A: Given,  Two Players  Player 1 and Player 2 Player 1 has two strategies : a and bPlayer 2 hastwo stra...

Q: A4 1. Two chemical companies, A and B, operate in a small New England town. Every week A releases 40...

A: *Hi there , as you have posted multiple question . As per our guidelines we are only allowed to solv...

Q: Y YA Ys XA Xs The graph above represents the PPF for two goods X and Y Which of the points is most b...

A: The answer is - A, B

Q: Suppose that bad weather negatively affects supply of oranges in Florida. How a moderate shift in th...

A: Bad weather affects the supply of oranges in Florida. It will decrease the supply of oranges in Flor...

Q: Consider the following graph in which the real wage increases. Which effect is prevailing on leisure...

A: When the real wage rises, then the income effect will increase the number of leisure hours and the s...

Q: Question 2 · Thanh decided to go to university. If Thanh goes to college, he will spend $80,000 on t...

A: Given; Thanh's tuition fees= $80000 Rental room cost= $15000 Cost of books= $4000 If he hadn't gone ...

Q: If a family spends its entire budget in a given time frame, the family can afford either 10 restaura...

A: Opportunity cost refers to the loss of best alternative while making a decision.