Why are environmental regulations sometimes considered to be unfair barriers to trade?

Q: The various combination of goods that can be produced in any economy when it uses its available reso...

A: To find : What is condition depicted above

Q: In the following game, identify how many subgames there are. Then, solve the game to find its subgam...

A: The game has 4 sub-games which are as follows: 1) Subgame for actions W and X 2) Subgame for actions...

Q: QUESTION 44 According to the textbook, one likely short-term effect of NAFTA was that many U.S. and ...

A: The NAFTA is the trade agreement between United States, Mexico, and Canada to have a free cross-bord...

Q: Identify the effect of recession in the economy on either demand or supply curve and the equilibruim...

A: Supply Side Recession A supply-side recession happens when an economy is driven into a downturn thro...

Q: Suppose there are 95 workers in the economy, with overall labour supply LS=95. The labour demand in ...

A: Given; Labor supply; Ls=95Labor demand in sector A; LDA=118.1-1.7wALabor demand in sector B; LDB=95-...

Q: In a market for housing insurance against wildfires, the adverse selection model would predict that....

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

Q: • Please explain the difference between the short run and long run equilibrium under a per- fectly c...

A: Perfect competition is the market structure which is characterized by a large number of firms with n...

Q: firm that employs only one variable input, labor, to produce a product that sells for $14 per unit. ...

A: Marginal cost is the additional cost of employing the labour. Marginal product is the change in outp...

Q: Your Subaru Outback broke down. It has 110,000 miles and is paid off. You take it to the dealership ...

A: If the Subaru outback broke down and it has run 110000 miles then it implies the Subaru has left wit...

Q: Climate is probably the most important element of the physical forces as it sets the limits on Mu...

A: Climate The long-term weather tendency of an area is referred to as climate.The weather may change r...

Q: Consider an IS/LM model of an economy with the following equations: C = 300 + 0.6Ya I = 100 – 5i G =...

A:

Q: Super Tennis Co is in the business of designing and manufacturing running shoes for long distance ru...

A: 1. The process of licensing is quite a complex one. It varies from economy to economy. Developing ec...

Q: Refer to the accompanying figure. For the nation whose PPC is shown, it must be true that Milk (gall...

A: Production possibility frontier shows the different combinations of two goods that can be produced w...

Q: Why are notice deposits not included in the M1 definition of money? a.Because the real value of n...

A: Notice deposit is a type of fixed deposit from which withdrawl can be made after permission granted.

Q: Assume that the general level of prices increases. Which of the following best describes what happen...

A: The aggregate supply is the total amount of services and commodities that firms in an economic plan ...

Q: In 2002, a meeting is hold in a state-owned farm with one million mu of arable land—B farm after the...

A: Given,  A meeting held in a state owned farm with One Million Mu of arable land after harvest

Q: In a supply-driven economy, which of the following statements are correct? Select all correct statem...

A: Since you have asked a multi part question and according to the policy, we can only solve the first ...

Q: Can total revenue equal to 0

A: Revenue is the money that a firm earns when it sells its goods and services to customers.

Q: Two firms compete as Stackelberg duopolists in a market with inverse demand given by 132.00 – 20, wh...

A: In Stackelberg duopoly, one firm is leader and choose the quantity to produce first. The other firm'...

Q: It is given that the initial quantity demanded is 40 units when the price of the good is $10. Now, t...

A: As per question, "initial quantity demanded = 40 units." Let this initial quantity demanded be repre...

Q: If the daily demand curve for gasoline is as provided in the graph attached, then how much consumer ...

A: Consumer surplus are the monetary benefits that the consumer receives while buying goods and service...

Q: Consider the closed-economy model of the money market in which, the demand for real balances depends...

A: Given information Money demand function M/P=L(i,Y-T) M/D= real money demand  i= interest rate Y-T= d...

Q: 1. Use the first four steps of the decision-making process to generally describe the alternatives an...

A: A process of making a clear option on what is the best alternative to make a decision is characteriz...

Q: Assume that an economy currently has a nominal GDP of $500 billion. If the economy were to grow at 3...

A: Given Nominal GDP = 500 Billion $ Growth rate = 3 %

Q: Imagine that the demand curve for beer is given by P=9-Q and supply for beer is given by P=1+Q. What...

A: Demand and supply  In perfect market competition the optimum quantity is produced where the demand c...

Q: Determine the ERR of the engineering project shown below when the MARR is 18% per year and the reinv...

A: * SOLUTION :-  Given that ,    The MARR is = 18% The reinvestment rate is = 15%

Q: According to Acemoglu and Robinson, extractive institutions are often able to generate some economic...

A: To find : Whether the statement is true or false. 

Q: 7 Total net benefits of an activity are maximised at the level when the marginal benefit (MB) of the...

A: Government uses fiscal policy to increase development of an economy by increasing aggregate demand. ...

Q: The maintenance of a room air conditioner is expected to be P2,000 at the end of the first year and ...

A: Given maintenance cost of first year = P2000 Per year increase, G = P100 Time, n = 7 years Interest ...

Q: Suppose the demand functions facing the wireless telephone monopolist In Worked-Out Problem 18.4 (pa...

A: Demand functions are QDL=40-50P for each low demand consumer and QDH=200-50P for each high demand co...

Q: Enumerate Similarities of the concept of demand and concept of supply.

A: The concept of demand says that at higher costs, purchasers will demand less of an economic goods. T...

Q: questions to determine if Olivia is making the best decision. a) Who has the absolute advantage in d...

A:

Q: In case of inferior goods, the income elasticity is

A: To find : What will be income elasticity in case of inferior goods. 

Q: Engineering economics Topic: Deferred annuity Question: Find the present worth of a series of equal ...

A: Given the quarterly payment, A = 750 Number of compounding periods, n = 18 years x 4 = 72 Interest r...

Q: Which of the following is true for suppliers when an industry is on the path to commoditization: opt...

A: Commoditization is the process, by which was a once-unique or inventive product or service, now beco...

Q: hink about the rival and excludable properties of public goods. To what degree is radio broadcasting...

A: Public goods are those goods which are non-rivalrous and non-excludable.

Q: Please explain why the marginal cost decreases first and then increases in your own words. Please pr...

A: Marginal cost is the cost of producing an additional unit of goods. It is a U-shaped curve. Initiall...

Q: An investment has the following cash flow series where interest is 7%: End of Year 0 1 2 3 4 5 6 7 8...

A: Given  r= 7% End of year 0 1 2 3 4 5 6 7 8 Cash flow 150 300 450 0 -500 0 600 700 800

Q: iage is a Year Expenditures 1 $40,000 2 $45,000 3 $80,000 $280,000 $550,000 6 $750,000

A: Compounding is the interaction by which interest is credited to a current chief sum as well as to in...

Q: Which of the following effects happen at the same time with a substitution effect? O a. preferences ...

A:

Q: Exchange Rate Determination - Short v. Long Run The nominal money demand for the US is given by the ...

A: Given information Interest rate in US=5.263% Calculated value from part Vi) Demand for Bond Q=100-5P...

Q: 3

A: 7x + y + 3 = 0 ------------ (i)  2x + 5y – 11 = 0 ------------ (ii)  (1). Here, a₁ = 7, a₂ = 2, b₁ =...

Q: 1. If the price of 'X' rises by 10 percent and the quantity demanded falls by 10 percent, 'X' has

A: To find : Change in price of x

Q: 2.How developed countries can assist developing countries with their population program

A: Developed countries are taking several measures in order to reduce the population of their economies...

Q: Which one of the following statements about inter-industry study in industrial organisation economic...

A: An industry alludes to a bunch of firms that produce same classification of labor and products, or h...

Q: A textile firm in a competitive industry employs a particularly efficient manager to run the operati...

A: Economic Profit refers to the profit that includes in its calculation the forgone opportunity costs ...

Q: MC AVC 8 d = MR 100 Units of output Figure 9.4 er to Figure 9.4. In the short run, if economic condi...

A: This is an example of perfectly competitive market where the demand and supply decide the market pri...

Q: If the coffee's demand function is q = 192 – p², at what price where the b. %3D - revenue is maximiz...

A: Q q=192-p2We know 5hat Total Revenue(TR)=p x qTherefore,TR=p(192-p2)     =192p-p3∂TR∂p=MRMR=192-3p20...

Q: A consumer has income of $3,000. Wine costs $3 per glass, and cheese costs $6. What is the slope of ...

A: Budget line: M = Px . X + Py . Y Slope : (-) Price ofwine Price of cheese

Q: Explain how each of the following work: a green tax, a subsidy, and an emissions trading system.

A: Taxes and subsidies are two important concepts used by the government to influence the production of...

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.