Will The Tax Reform for Acceleration and Inclusion Law (TRAIN Law) will lessen or worsen poverty and income inequality in a country?

Q: What is economic forum?? And what is open market operations??

A: The basic goal of monetary policy is to stabilise the money supply across the economy and avoid…

Q: Consider a two-good two-consumer exchange economy where u1 = X1Y1 and u2 = X2Y2, endowment of…

A: The equilibrium price in the competitive industry is decided by the market. The quantity demanded…

Q: You are managing a restaurant establishment earning net of Php800,000.00 per year decides to open…

A: Introduction The expenditure incurred on these inputs is called cost of production. Opportunity cost…

Q: Ouroboros’ total cost (TC) as a function of its production level q is given by the equation below:…

A: Given  Total cost TC(q)=2q2-12000q+30,000,000              ...... (1) “Since you have posted a…

Q: TRUE OR FALSE? The scarcity of raw materials will result in the shift of the supply curve upward to…

A: The amount of the product that producers deliver to the market at varied prices throughout a…

Q: Fill in the blanks: The owner of a firm expects to make a profit of Php200,000.00 for each of the…

A: The measure that depicts the current stream of income being discounted at a specified rate of return…

Q: Q7. The production function is y=L¹/aK¹/B The price of the output is $100, w = $15, and r= $12. a.…

A: Optimal input extents are utilized when an extra dollar spent on any input yields a similar…

Q: "Define in a formula, the federal budget deficit."

A: A budget deficit is defined as the excess of government expenditure over government receipts.

Q: To ensure that utilities receive a normal rate-of-return, regulators set price equal to: a.…

A: Utilities are provided by monopolists due to capital intensive infrastructure. The monopolies…

Q: THE EXHIBIT BELOW SHOWS THREE BANKS, WHICH ARE IN SEQUENTIAL ORDER. THERE IS AN INITIAL MONETARY…

A: According to the question, it is given that : There is an initial monetary injection of $100,000…

Q: According to the Phillips curve, the inflation rate depends on all of these EXCEPT: a. previously…

A: Phillips Curve shows the inverse relationship between inflation and unemployment rate given by A.W.…

Q: ent the consumer price index. If the rate of inflation of the price nd the price index has a base…

A: *Answer:  Change in price index: p. = 2+3t + 0.5it  p0 =100  Consumer price index (i )= Change in…

Q: Consider two open economies, the Philippines (Domestic Country) and Singapore (Foreign Country) •…

A: The equilibrium exchange rate of any currency is determined by the supply and demand forces in the…

Q: Analyze the use of the worlds resources to achieve sustainability and equitable distribution at the…

A: Sustainable development refers to the development of a nation without harming the environment and…

Q: “The existence of non-traded transactions prevents the precise measurement of national income.”…

A: The measure that depicts the final value of goods and services being produced in an economy during a…

Q: What is Studied in Microeconomics and Macroeconomics?

A: The study of economics focuses on how the economy makes use of its finite resources. Therefore,…

Q: 3. The consumption function Suppose that national income in a country is $300 billion, taxes paid by…

A: Given  Income Y=$300 billion Taxes T=$100 billion Household consumption C=160 MPC= 0.6 We have to…

Q: 4- Decisions for Tomorrow Suppose the hourly wage rate is $24 in the United States and $3 in China,…

A: Formula to be used: Unit labor cost = WageProductivity

Q: In order to increase the creativity of its staff, Google invested in a highly unique headquarters…

A: Investment refers to the expenditure that is incurred with the view of earning higher returns in the…

Q: Economic laws studied in this unit tell us that as the price of some good rises O we shift its…

A: Economic laws states how price and quantity demanded are related and how price and quantity supplied…

Q: 6. Which of the ollowing s a liability on a bank's balance sheet? a. a certificate of deposit b.…

A: Bank assets allude to the things possessed by a bank that assistance to bring esteem. Bank assets…

Q: Consider two countries with the following characteristics. Country Yin has no restrictions on bank…

A: The more a market is free from the grasps of the government, the more better it is likely to perform…

Q: In order for a monopolist to sell a quantity of 12 units, the price must be $6. Marginal revenue at…

A: A monopolist is a single seller having multiple buyers and thus holds the power to control the…

Q: When capital increases by ΔK units and labor increases by ΔL units, and there is no TFP growth,…

A: Capital is regularly money or liquid assets being held or gotten for consumptions.

Q: rve Game g art Long 0,1 1,0 Player 2 Short 1,0 0,1 to the figure above. The one-period Nash equil…

A: A game is an abstract representation of a tactical situation in which players must make tactical…

Q: (CLO-6) "Project A has 10 years useful life, the discounted payback period for this project "project…

A: Payback period refers to the time in which the invested projects provides discounted returns which…

Q: Regan's utility function for toothpaste (good x) and other stuff (good y) is u(x, y) = ln x + y.…

A: Regan's utility function is given by u(xy)-Inx+y for good x and good y. It is assumed that py = 1.…

Q: Prospective car buyers are sometimes confronted by sales representatives who argue that they can…

A: Utility theory in economics aims to explain how different consumers behave in an economy. According…

Q: Within the Keynesian system explain the following: (a) the relationship between the effectiveness of…

A: The simple Keynesian model assumes that in the short run the prices of the goods are constant and…

Q: ve for the following: 1. The Marginal Propensity to Consume (MPC) 2. The Marginal Propensity…

A: Open economy refers to the economy which has economic relationships with rest of world.

Q: What happens to the output and price level if aggregate demand and aggregate supply curves shift in…

A: The aggregate demand and aggregate supply curve is a model that shows what decides total supply or…

Q: Based on Gross Domestic Product, discuss how increasing the labour force participation rate of…

A: Gross domestic product refers to the total amount of goods and services that are produced in an…

Q: "Unemployment is defined as a state of wo ssness for a person who is fit and willing to ork at the…

A: "A person who is able and willing to work at the going rate of pay is said to be unemployed. It is a…

Q: The supply of bonds comes from Select one: O A. Savers OB. Borrowers O C. Financial Intermediaries O…

A: A loan given by an investor to a borrower for a certain amount of time in exchange for consistent…

Q: Suppose during that on January 1, 2022, the price of a one-year Treasury bill with a face value of…

A: Price of one year Treasury bill = $963.99 Face value of the bill = $1000 Expected inflation rate =…

Q: The CPI values ​​calculated during 2021 were as follows: Month 1 2 3 4 5 6 7 8 9 10 11 12 ICP 0.25…

A: The Consumer Price Index (CPI) is a gauge of how prices for a market basket of consumer goods and…

Q: Explain walking inflation

A: Definition of inflation : The rate at which prices increase over a specific time period is known as…

Q: P₁ P₂ P₁ Y₂ Y₂ Y₂ AD₁ AD₂ Quantity of Output Starting from P2 & Y2, the intersection of SRAS1 & AD2,…

A: Given information; The economy is currently at the intersection point of SRAS1 and AD2.  And the…

Q: Consider a firm with production function: Q(L,K) = 400+ 12.3L - 0.8L²+ 10.1K -0.3K²+0.2LK, Where a…

A: In this question we have:- Production functionQL,K=400+12.3L-0.8L2+10.1K-0.3K2+0.2LK The price of…

Q: When the money market is drawn with the value of money on the vertical axis, an increase in the…

A: The money market is a financial market where institutions and dealers can trade open-ended funds and…

Q: An industry has two firms. Firm 1's cost function is c(y) = 3y + 200 and firm 2's cost function is…

A: In the Cournot model, firms compete in terms of quantities and each firm tries to produce such…

Q: Why does bundle A in the figure below not maximize the agent's utility? 15 Y 10 5 0 A B 2 D 10

A: Utility maximization occurs where the marginal rate of substitution is equal to the slope of the…

Q: Case Scenario/ Real World is television production company that manufactures movies. The market…

A: Demand equation: x = 25000-50p Cost equation: C(x) = 18000+500x   where:  x = quantity demanded of…

Q: how does globalization give a country a competitive edge?

A: The measure that depicts integration and interaction among companies, people and governments all…

Q: 1. How is the popular notion of business profit different from the economic profit concept? What…

A: Business Profit:- Profit is the word used to denote the monetary gain experienced whenever the…

Q: The effect of the changes in income and prices?

A:

Q: A person who is lending money o S or B A person receiving a fixed income S or B A person with money…

A: High inflation makes some people worse off and some people better off.

Q: 5. Profit maximization and shutting down in the short run Suppose that the market for frying pans is…

A: Businesses in a competitive market base their operations on customer demand and cost structures.…

Q: To promote long-run growth, the primary economic function of the financial system is to: Group of…

A: Financial systems that work efficiently distribute resources to people with the finest ideas and…

Q: True or false; explain your answer. Suppose a firm sells its good in both the United States and the…

A: A monopoly is a market condition, where only one firm operates in the market.  A monopoly firm has…