Which of the following is the best example of how a country might improve what economists call institutions? the government used to control the prices of many goods and now allows them to move up and down. judges become more independent from the government businesses in the country improved their labor productivity
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- All the following government policies are likely to increase the quantity of some products that are produced. But with one policy, this effect is a side-effect rather than the aim. Which policy is that?a) A policy intended to improve efficiency.b) The introduction of subsidies on some products.c) A policy intended to reduce unemployment.d) The introduction of taxes on the rich and transfers to the poor. Please dont use any AI tool.Decide whether each of the following descriptions most closely corresponds to being part of a command system, a market system, or a laissez-faire system. a. A woman who wants to start a flower shop finds she cannot do so unless the central government has already decided to allow a flower shop in her area. b. Shops stock and sell the goods their customers want but the government levies a sales tax on each transaction in order to fund elementary schools, public libraries, and welfare programs for the poor. c. The only taxes levied by the government are to pay for national defense, law enforcement, and a legal system designed to enforce contracts between private citizens.Is there an economic policy known as "trickle down" economics?
- There are many kinds of pressure on economy. Explain some of them. Answer in a economic prospective.If a kilo of potato is priced at 40 from its usual price of P30 pesos dafter a strong typhoon, what will the situation be? a. shift of demand curve to the right b. increase in demand c. shift of demand curve to the left d. decrease in demand Taxes are an example of a. non-price factor b. price factor c. government's rights to collect d. doesn't affect the production Economics is best defined as the study of how people, businesses, governments, and societies a. choose abundance over scarcity. b. make choices to cope with scarcity. c. attain wealth d. use their infinite resourcesClarify the idea of Laissez faire. Is administrative movement of the past on the side of a Laissez Faire framework ?
- Although most economic decisions in today's societies are made through the market, it is not always possible for this mechanism to efficiently allocate all resources. In most countries, the state acts in conjunction with the private sector to satisfy needs. In this context, economic authorities carry out actions aimed at modifying the functioning of the market. Which of the following alternative(s) correspond(s) to these actions?I. Price control.II. Economic policy.III. Public Expenditure.Select one:a. Only I.b. Only II.c. II and III.d. III only.e. I and II.Adam Jones is the Father of Economics. Select one: True FalseIt is more complex than simply producers lose and workers gain.Who are the winners and who are the losers, and what exactly do they win and lose?To what extent does the policy change achieve its goals?
- Ab 46 Economics“The Prime Minister claims that funding the increase in NHS and social care spending by national insurance [paying higher NICs] is preferable, because firms pay part of the cost. This is a fiction. In the long run the burden of payroll taxes, even those paid by companies, falls on workers, whose wages fall as their employers’ tax bills rise.” The Economist 11-09-202. Is “The Economist” right in its counter-claim? (Hint: use a market equilibrium model of demand and supply for labour)Which of the following explains the difference between microeconomics and macroeconomics? (A) microeconomics studies the impact of government taxes on the national unemployment rate (B) macroeconomics studies the impact of government regulation and taxes on the price of individual commodities and services while microeconomics does not (C) use different sets of tools and ideas (D) microeconomics studies the decisions of individuals and firms and macroeconomics studies the entire economy