What is unemployment, it's types, and and socio-economic impact of unemployment? What are different intervention measures used by the government to tackle unemployment

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: Economics Explain and illustrate (with a graph), the Lewis "Two Sector Model". and How does this rel...

A: In development economics, the dual-sector model is a model. After its creator, W. Arthur Lewis, it i...

Q: Now, suppose that Home applies an import quota limiting the amount Foreign can sell to 2 units. The ...

A: (a) Consumer Surplus: Area above price line and below demand curve = 12* 8 * (14-6) = 32 Producer su...

Q: What happens to the market equilibrium price and output when tax is imposed on  the buyers? Is the b...

A: Taxation refers to the compulsory charge imposed by the government on the users of certain goods, se...

Q: The nominal interest rate in the US is R$ = 3% and in Europe Re = 2%. The spot exchange rate is E$/e...

A: In the question above, it is given that : The nominal interest rate in the US is 3% The nominal int...

Q: Use the information in the table below. The economy of Libraryland can produce only books and magazi...

A: Here the opportunity cost is the amount of time spent on production of magazine vs the time spent on...

Q: 3. As an economist, you have been assigned a task by the Lahore Cantonment Board to propose a projec...

A: Kind of the project for the cost-benefit analysis (CBA) is refer to the process and it is the benefi...

Q: 80-D The demand function for a product marketed by a company is p = ,where D is the number of units ...

A: Given; Demand function; p=80-D4 where; D= Number of unit p= Price per unit  

Q: ransatlantic air travel in business class has an estimated elasticity of demand of 0.62, while tra...

A: Elasticity of demand measures the quantitative relationship price and demand in term of degree of re...

Q: 11. Consider the growth model diagram below. If an economy starts with 12 units of capital (labeled ...

A: At 12 units of capital, I>dK. Since investment is greater than depreciation, the economy grows.

Q: 4. About 10 years ago, the POM Pomegranate Juice brand was created by a middle-aged couple in Nebras...

A: Opportunity cost and consumers: Consumers have to make choices while buying goods and services. For ...

Q: A person borrowed JD50000 , which will be repaid at 20 successive equal annual installments, at an a...

A: here we calculate the value of new installments by the following method as follow;

Q: Directions: Find the CPI for the same item. Round to the nearest unit. BASE PERIOD CURRENT PERIOD Ci...

A: Index also known as consumer price index which means that  how much times  base year one unit of mon...

Q: A monopsony hires workers at the quantity of labor for which

A: Monopsony is a market consisting of a single buyer. In the case of labor market, there will be only ...

Q: Market demand for soda is given by QD = 4000 120P and market supply is given by = 200P. Solve for th...

A: QD = 4000 - 120P Qs = 200P For equilibrium, QD = Qs 4000 - 120P = 200P - 120P - 200P = - 4000 320P =...

Q: Consider the following model for the production of refined oil: MPC = 100 + 0.7Q MEC = 0.3Q %3D MPB ...

A: In free competitive market, externality is not taken into account and for socially efficient quantit...

Q: (3) You are an accountant for a manufacturer of radios. The demand function for the tablets is p= 40...

A: The relationship between the quantity demanded for a commodity (dependent variable) and the price of...

Q: Assume Canada is a large importer of raw materials from Otherland. Which of the following would like...

A: GDP measures the complete money or price of all finished merchandise and services created within a c...

Q: Dividends and pensions can provide liquidity to investors * True or False?

A: Dividends and pensions can provide liquidity to investors. - TRUE

Q: In the graph, producer surplus is equal to 22 16 D $60 $140 $200 $280 20 2.

A: Producer surplus refers to the difference between willingness to accept and actual price of a good.

Q: In the graph, which price would allow for a binding price ceiling? P. 16 12 5. D 20 40 60 O $5 O $8 ...

A: Binding price ceiling is the upper limit on the price which is lower than the market  equilibrium pr...

Q: What are the pressures that encourage politicians in newly industrialising countries to allow MNEs t...

A: A multinational enterprise, (MNEs) and also called a multinational corporation (MNC), is a multinati...

Q: The z-score interval that bounds a middle area of 0.75 is _____. a ± 1.08 b ± 1.10 c ± 1.13 d ± 1.15

A: We have to find value of Z score such that 

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

A: In International trade, an export occurs when a good produce in one country is sold into another cou...

Q: Two of the economy's most important financial intermediaries are suppliers of funds and demanders of...

A: Financial intermediary refers to an organisation that helps investors to provide money to individual...

Q: What determines how productive workers are? How do gains in labor productivity lead to gains in GDP ...

A: Labor productivity is an important economic indicator that is closely related to an economy's econom...

Q: Define inflation, it's types, sources of inflation? What intervention measures are taken by the gove...

A: Inflation:- Inflation can be explained as the overall, steady rise in the price of items in an econo...

Q: If a large country in the world trade instituted a large set of subsidies for its exports, this must...

A: Answer is given below

Q: Define Elasticity?

A: Elasticity is defined as the  price sensitiveness as the response of the customer with respect to th...

Q: Notice that the before-tax equilibrium price was 25. Compared to the price, in the after-tax equilib...

A: Tax incidence  refers to the loss of welfare caused by the imposition of taxes . So , Consumer Surpl...

Q: We bought a CNC machine 3 years ago for $100,000 with a salvage value of $20,000 after 8 years. It h...

A: Here we calculate the annual worth of the following machines and compare both by using the given inf...

Q: 2. High population densities in central cities primarily reflect . . . A. The poor live near the cen...

A: High population density refers to the situation when a large number of people live in a relatively s...

Q: Savers Surplus Spending Units (SSU) provide funds with the expectation of earning profit. * True or ...

A: Savers Surplus Spending Units (SSU) provide funds with the expectation of earning profit. - TRUE

Q: International trade causes the loss of jobs in industries where a country has Select the correct ans...

A: When there is free trade, parties involved gains from trade by trading with each other.

Q: Why do some marginalised groups in the USA and canada reject the idea of globalisation? In answering...

A: Globalization: Globalization helps the countries to interact with each other and do trade, globaliza...

Q: Suppose the Australia Bureau of Statistics indicated that the Consumer Price Index (CPI) increased t...

A: A consumer price index is a price index that measures the cost of a weighted average market basket o...

Q: 2. Consider the supply of pizza. If the price of cheese (an input) goes up and the price of hot sub ...

A: If there is a commodity that has substitutes available in the market then the increase in price will...

Q: n your view, should an organization engage in a dialogue with all of its stakeholders all of the tim...

A: Stakeholder: A stakeholder is a party that has an interest in an organization and can either influen...

Q: playing a called Jame O Suppox Edie and Joshug ane « Chicken! They eaih drive thair car down the can...

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

Q: Why do some marginalised groups in the USA and Canada reject the idea of globalisation? In answering...

A: Populations beyond the normal society and extremely susceptible populations that are deliberately re...

Q: A U.S. Based company has a short-term cash balance of USD 10 million. The company intends to invest ...

A: Current spot rate = 1.6971   Forward rate = 1.6950

Q: How does a growing trade deficit affect a country's GDP?  Explain your answer.

A: GDP refers to the final value of goods and services produced in an economy during a year. The GDP is...

Q: The picture in this exercise describes an economy that is experiencing a boom in total factor produc...

A: Since the maximum amount of leisure is fixed and maximum consumption has increased after technologic...

Q: Suppose your wealth is 8 and you are considering a bet of a 50% chance of winning $4 and a 50% chanc...

A: Initial Wealth = 8  Probability of winning (4) = 0.5 Probability of loosing (4) = 0.5  Utility funct...

Q: Why do workers (skilled and unskilled) migrate from labour abundant countries to countries with a sc...

A: “Since its is a multiple question, we will solve the first question for you. If you want any specifi...

Q: If, in a monopoly market, the demand function for a product is p = 160 − 0.10x and the revenue f...

A: Demand function shows the functional relationship between Quantity demanded for a commodity and its ...

Q: Explain the different channels used by BSP to transmit monetary policy. ( Interest rate, credit, ex...

A: BSP stands for Bangko ng philipinas  is the central bank of Philippines. And it's obejctive to contr...

Q: 3. Effects of rent control Part 2 Rent controls force landlords to price apartments below the equili...

A: When there is rent control in an economy that forces landlords to price apartments below the equilib...

Q: John quit his part-time job as a teacher earning AUD 40,000 per year to start his own food kiosk bus...

A: Formula to calculate:- Accounting Profit:- Accounting Profit=Total revenue-Explicit Cost Economic Pr...

Q: xplain the difference between positive and normative economics with example.

A: Positive economics is defined as a stream of economist which focuses on quantification, identificati...