What are some of the dominant political considerations involved in the preparation phase of public budgets?

Q: Discuss ONE key federal law the FTC uses to regulate violators.

A: We are asked to discuss one federal key law, which is

Q: Consider the following Cobb-Douglas production function for the bus transportation system in a…

A: The Cobb – Douglas production function is a specific type of production function, widely used to…

Q: If the price of a slice of cake is $4, the price of a slice of pie is $2, and Latasha spends her…

A: The total number of products that one can buy within the  current budget is the budget constraint.…

Q: in a given year, suppose the real GDP per capita growth rate is 3.8 percent, the inflation rate is 2…

A: Given:Real GDP per capita growth rate = 3.8 percent Inflation rate = 2 percentPopulation growth rate…

Q: . Given the cash flow diagram as shown, if interest is 5%, determine the equivalent total present…

A: Interest rate = 5% Cash Flows Year 1 = 5000 Year 2 = 4500 Year 3 = 4000 Year 4 = 3500

Q: Villagers each have $1,200 to invest in either cattle or a government bond. They will sell them at…

A: The social welfare level includes both the externality and the private benefits. The social welfare…

Q: The table below shows the production possibilities for Canada and Japan. Suppose that, prior to…

A: A production possibility frontier (PPF) shows the maximum possible output combinations of two goods…

Q: Assume that the income elasticities for soft drinks and beer are .5 and .8 respectively. a. How…

A: Elasticity is the concept that shows the percentage of change in demand due to the change in price…

Q: Why do people buy both insurance and lottery tickets? O people can change their risk attitudes based…

A: Insurance is a contract between an individual or an entity (known as the insured) and an insurance…

Q: 1. Consider a firm with production function given by ƒ (x₁, x₂) = (x₁)¹/4 (x₂)¹/2 Assume the prices…

A: Production function : f(x1,x2) = x11/4 x21/2 Input price :  (w1 , w2 ) Output price  : p  Profit…

Q: In the specific factor model, suppose that Nation 1 and Nation 2 have identical labor endowments,…

A: The specific factor model is considered to be the variation of the Ricardian model. and hence it is…

Q: Legal immigration into the U.S. can be done through the following ways, except:  A. Annual…

A: Legal immigration refers to the process of moving permanently to a new country with the approval and…

Q: Figure 6-17 This figure shows the market demand and market supply curves for good Y 40 36 + 5 5 8 2…

A: Demand curve is the downward sloping curve.  Supply curve is the upward sloping curve.  Equilibrium…

Q: Two electric motors (A and B) are being considered to drive a centrifugal pump. Each motor is…

A: Capacity = 40 Motor use - 800 hours per year electricity cost = 0.08 per kilowatt hour 1hp = 0.746kw…

Q: Nina is a farmer that grows and sells tomatoes. Her total explicit and implicit costs are 950000 per…

A: The sum of all costs, both fixed and variable, is known as the Total cost. The cost per unit…

Q: PJ has been owning a City Golf, model 2004 for the past 15 years and now plans to sell it. Town…

A: Given,   PJ has been owning a City Golf, model 2004 for the past 15 years and now plans to sell it.…

Q: You estimated a regression with the following output.       Source |       SS           df       MS…

A: The functional form of the regression line of two variables X and Y is  Y=β1+β2X Here Y is the…

Q: If a sum of $5,000 is deposited annually in an account that pays 6% annually, what is the amount…

A: Present value is the value of investment in today's dollar.  Future value is the value of investment…

Q: Consider the relationship among exchange-rate changes, aggregate demand, and monetary policy. Assume…

A: Aggregate demand (AD) and aggregate supply (AS) are two fundamental concepts in macroeconomics that…

Q: A custom motorcycle company can produce more motorcycles if it has more workers. The company has…

A: When a corporation adds a single labour unit while maintaining the same level of production, the…

Q: In a command economy, the government decides Select all that apply: which goods and services will be…

A: There are different types of economies around the world. Each and every economy has its own…

Q: Discuss the triumvirate of political, economic, and legal systems in Nigeria and how these factors…

A: Economic progress refers to the sustained increase in a country's overall economic well-being,…

Q: With the 5-day national strike of the PUJs, what do you think is/are the direct impact of this on…

A: The recent 5-day national strike of the Public Utility Jeepneys (PUJs) in the Philippines has caused…

Q: When a bank grants a loan, the money supply M₁ will increase, even if the funds from the loan are…

A: Money refers ti a commodity accepted by general consent as a medium of economic exchange. money is…

Q: 2. Consider a profit-maximizing firm with production function, Y-KO-SL0.5, where Y is output, K is…

A: GivenL: Production function: Y=K0.5L0.5

Q: A Uses current dollars Best for comparing different countries in the same year What is an…

A: GDP refers  monetary measure of the market value or the market value of all the final products and…

Q: Suppose the figure to the right illustrates the market for toilet paper, where S, represents the…

A: Negative externality occurs when consumption or production incurs an external cost to the third…

Q: 1. Assume the CPI in 1998 was 145 and in 2002 it was 164. What was the inflation rate between those…

A: CPI is the consumer price index.  CPI is used to measure the inflation rate.  Inflation rate is the…

Q: In the short run, firms will In the short run, the supply curve will On the previous graph, show the…

A: A market is a mechanism that enables buyers and sellers to interact and engage in the exchange of…

Q: A B с D E F G H 22 | Fixed Costs = $5K interest and principle, insurance and property tax + $1 K…

A: Shut Down price: In the short run as the firm faces the total fixed cost as well. And a firm will…

Q: Using the table below, determine the growth in real GDP from 1990 to 2005. Round your answer to the…

A: Given information: Real GDP in 1990 = $8225 billion. Real GDP in 2005 = $13095.4 billion.

Q: Why did free markets and marketing win in the competition with communism?

A: Economics refers to the social science that studies the production, distribution, and consumption of…

Q: Exercise 3: Population growth and technological progress Consider a version of Solow's Model: Y₁ =…

A: Solow model: The growth models are an economic concept that reflects the relationship between an…

Q: For a specific production function, the associated Average Product function is (AP=) 12 L -0.2 L²…

A: Given Marginal product function of labor MP=24L-0.6L2        Average product function of labor:…

Q: Juanita is deciding whether to buy a suit that she wants, as well as where to buy it. Three stores…

A: Opportunity cost is the benefit that was forfeited because a specific alternative wasn't chosen. To…

Q: Automobiles of the future will most likely be manufactured largely with carbon fibers made from…

A: DISCLAIMER  “Since you have asked multiple questions, we will solve the first three questions for…

Q: What are the two key characteristics of a public good?  What is an example of a public good?  What…

A: Economics is the study of how individuals divide up finite resources between individual and group…

Q: What are two examples of barriers to entry?

A: Barriers to entry refer to the obstacles or challenges that prevent new entrants from entering a…

Q: One of the mutually exclusive alternatives below must be selected. Base your recommendation on…

A: Given From the cash flow diagram,  Year Saver 45 Glock 40 Incremental cash flow =Sauer - Glock…

Q: How does capitation change the incentive structure in a managed care environment?

A: Capitation is a payment system in which healthcare providers receive a fixed amount of money per…

Q: 3 current events related to the mercantilist period

A: The conflict between two opposed perspectives known as "liberalism" and "mercantilism" had an impact…

Q: Figure 8-2 The vertical distance between points A and B represents a tax in the market. 12 11 10 9 8…

A: Demand curve is the downward sloping curve.  Supply curve is the upward sloping curve.  Equilibrium…

Q: Discouraged workers are included in O the number of unemployed. frictional unemployment. the labor…

A: Being without a job is the state of being unemployed. It may be a voluntarily made choice, such when…

Q: The Acmeville Metropolitan Bus Service currently charges $0.88 for an all-day ticket, and has an…

A: Price elasticity measures the percentage change in quantity due to percentage change in price.  The…

Q: leakages is $ Round your answer to 2 decimal places. d. The value of the MPE in Arkinia is e. The…

A: MPE measures the proportion of an additional dollar of income that will be spent on additional goods…

Q: Find the nominal rate compounded semi-annually which is equivalent to 16% compounded monthly. What…

A: Given: Interest Rate (r): 16% Compounding (m) per period: 12 New Compounding (q) per period: 2

Q: Suppose a small economy produces only smart TVs. In year one, 100,000 TVs are produced and sold at a…

A: Year 1 TV produced = 100,000 Sales Price = 1200 Year 2 TV Produced = 125,000 Sales Price = 1000

Q: in: (Click to select) ang: (Click to select) c. If the two countries specialize in the product in…

A: Given the labor productivity as:    Machines Loaf of Breads Yin 3 12 Yang 5 3 Both "Yin"…

Q: What is a negative externality?  What is an example of a negative externality?  What is a solution…

A: Externalities are the advantages (or disadvantages) a business or person causes to another without…

Q: A. Draw a correctly labeled graph of the short run Phillips Curve for Country Y. Show the actual…

A: Philips curve represents the relationship between the inflation and unemployment rate. It is being…