What is domestic price and what is world price? How does it connect with international trade and in tune with demand supply conditions?

Q: Getting a flu shot generates external benefits. Without any form of government intervention, the…

A: Getting a flue shot is a consumption activity which thereby also affects the third party…

Q: U.S. utility-scale electricity generation by source, amount, and share of total in 20211 Preliminary…

A: UTILITY-SCALE  Utility-Scale refers to the generation of electricity through the use of power…

Q: One method of lowering peak demand of a scarce resource is to delay a noncritical activity. This…

A: The process of lowering the peak demand of a scarce resource for delaying non critical activity is…

Q: Let f(t) be the balance in a savings account at the end of t years and suppose y = f(t) satisfies…

A: Consider the given differential equation y' = 0.05y - 10,000 y' = 0.05(y - 200,000)

Q: The following is a plot of US labor productivity. The scale is calibrated so productivity = 100 in…

A: Given:Productivity in 2020=113Productivtiy in 1990=60

Q: According to efficiency wage theory, what is NOT a reason that companies want to pay an efficiency…

A: Efficiency wage theory says that firms pay workers above competitive wage.

Q: Perfectly competitive industries are characterized by:     few sellers and many buyers.…

A: Meaning of Market: The term market refers to the situation under which the producers or the…

Q: An industry contains two firms producing homogenous goods, one whose cost function is C(Q1) = 30Q1…

A: There are two firms which have same cost function and the equilibrium is achieved where marginal…

Q: Sally consumes two goods, X and Y. Her utility function is given by the expression U = 2XY3. The…

A: Given Px =20, Py=10 and I = 500

Q: In the short run, an increase in Aggregate Demand will result in: O An increase in the price level…

A: The increase in AD shifts the AD to the right which increases both price level and GDP. The correct…

Q: Question Given a demand curve of P = 31 - 1.25Q and a supply curve of P= 4 +Q, with a tax of 18,…

A: Deadweight loss is the decrease in total surplus resulting when socially efficient quantity is not…

Q: ii. Solve for the new equilibrium quantity and price after the tax is imposed. b. How much will the…

A:

Q: Consider the following: today's interest rate for a 12-year bond is 7%; today's interest rate for a…

A: A liquidity premium is any extra compensation necessary to promote investment in assets that cannot…

Q: Why is a flatter Philips curve good news for monetary policy authorities? Draw the Philips curve,…

A: Answer -   Philips Curve:- Philips Curve is a curve which represent the relation between inflation…

Q: What is the opportunity cost of increasing the time spent on physics from 80 to 100 percent? What is…

A: The opportunity cost is the time spent studying as well as the money that could have been spent…

Q: are stated demands whereas are the underlying needs that a negotiator has for a particular issue.…

A: DEMAND Demand refers to the quantity of a commodity that the buyers are willing to buy at different…

Q: om consumes only two goods, X and Y . He spends 40% of his income in X. Tom’s income elasticity of…

A: Answer -   Complement Goods :- Complement goods are those goods that needed to be consumed in a…

Q: The daily cost to manufacture generic trinkets for gullible tourists is given by the cost function…

A: Answer;

Q: Suppose that Lauren is a savvy investor and expects inflation to equal 7 per cent in 2020, but, in…

A: Inflation is defined as a gradual increase in the prices of goods and services in the economy,…

Q: Discuss the three functions of money and the characteristics needed to make money n effective medium…

A: A medium of exchange is an instrument or system that facilitates the sale, purchase, or exchange of…

Q: 1."In a long run, a profit-maximizing firm would never knowingly market unsafe products. However, in…

A: A firm that plans to be in the market for a long time will always protect its brand and monitor…

Q: The Objectives of the Central Bank excludes which of the following? O a. Financial System Stability…

A: Central Bank is the financial institution responsible for the management of monetary system of the…

Q: Shimadzu, a manufacturer of precise scientific instruments, relies heavily on the efforts of its…

A: The optimal managerial compensation contract is portrayed in a climate in which the. administrator…

Q: What is the theory of containment and how did it drive US foreign policy and foreign interventions…

A: During the Cold War, the United States used a foreign policy tactic known as containment. According…

Q: 14. Which one of the following could never be considered to be cash equivalents? a. Common stock…

A: The investment securities that are possible to convert in the form of cash easily are known as cash…

Q: a. Calculate the cross-price elasticity of demand for porridge oats and milk sold in a supermarket…

A: Here, given information is: Initial price of porridge oats: $150 Final price of porridge oats: $210…

Q: A Corporation sold an issue of 20-year bonds, having a total face value of P10,000,000 for…

A: The cash flow diagram is a visual depiction of a company's cash flow. The - symbol represents…

Q: Identify a monopoly that you have recently consumed. Explain why you selected it as a monopoly and…

A: Monopoly is studied as a single-firm industry.

Q: Assume an hypothetical consumer faced by the following utility function; U=X^2Y ( squared times y).…

A:

Q: Compared to setting a single price, if a firm can price discriminate it makes a larger economic…

A: In a single price monopoly, there is one firm producing unique product with full control over the…

Q: What are some general factors that can impact the demand for a product and the supply of a product?…

A: Law of demand states that there exists negative relationship between price of a good and quantity…

Q: 3. Using aggregate demand and aggregate supply analysis, show the effects of the following (Assume…

A: The law of supply and demand is a well-known economic principle and a fundamental premise of the…

Q: 3. Using aggregate demand and aggregate supply analysis, show the effects of the following (Assume…

A: a. When prices in an economy decline, it is referred to as deflation or negative inflation. This may…

Q: The impacts of a (a) budget deficit and (b) capital flight on the equilibrium in the open economy…

A: Budget deficit is a financial situation where by a government of a country borrows more than what it…

Q: When comparing two firms operating as a cartel/colluding and two firms competing in Cournot…

A: Cournot competition is an economic model. It is for describing an industrial structure in which…

Q: A manager checked production records and found that a worker produced 225 units while working 50…

A: Productivity is a measure of economic performance that compares the amount of goods and services…

Q: PART A You must answer the question in this section. A.1 Individuals in a market each have a total…

A:

Q: Suppose that a consumer has the utility function u(x1,x2) : quantity of good i consumed, i = 1, 2.…

A:

Q: private domestic savings = $1220, the trade deficit = $90. Find private %3D %3D

A: Gross private domestic investment, or GPDI, is a measure of the amount of money that domestic…

Q: State the equilibrium conditions for Pareto efficiency equation

A: In a market, a Pareto efficiency level is considered as the one at which market is producing the…

Q: 7. The consumer's average money holdings decreasing with the time spent between bank withdrawals A.…

A: When the consumer withdraws his money, the consumer will not earn the interest rate as well as the…

Q: A manufacturer has $600 to spend on the production of a certain product and knows that if "x" units…

A:

Q: A Polish company(A), which had its place of business in Krakow Poland sold a set of 80 steel girders…

A: CISG-AC is the International Sales Contract Advisory Council whose role is to govern the…

Q: What is micro economics?

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

Q: True, False, or Uncertain? Justify your answers. Tom consumes only two goods, X and Y . He spends…

A: In the study of economics, elasticity is used for measuring the changes in quantity demanded of a…

Q: ose a French bottle of champagne costs 20.5 euros. uctions: Enter your responses rounded to the…

A: An import is a good or administration purchased in one country that was delivered in another.

Q: Ivan the trainer has two solo workout plans that he offers to us clients: plan a and Plan B. Each…

A: Answer -

Q: A firm operating in a perfectly competitive industry will continue to operate in the short run but…

A: For Perfect competition, we know that P = MC AND P = MR

Q: How much money be invested today in order to withdraw P1500 per year at the end of each year for 8…

A: Withdrawal each Year for 8 Years = 1500 n = 8 r = 85

Q: 3. The elasticity rates after the same level devaluations of the Bank of Canada and the FED are…

A:

Protective Tariffs

A tariff is a kind of tax that is charged on exported and imported items. It means tariff is charged on both kinds of goods i.e., exported and imported. However, some goods may be exempted from this kind of tariff. Protective Tariffs refer to the charges which a country charged on imported goods to protect its domestic market. It also protects countries Industrialists in their Production. So, that their markets remain intact and do not get dumped by outside supply.