Q: Utilitarianism is attractive to many because it matchesthe views we tend to hold when discussing gov...
A: There are different ideologies and beliefs of the people, according to which different theories are ...
Q: Economic discrimination takes place when an employer pays workers the lowest wage possible. pays wo...
A: In the labour market, the demand for labour is a derived demand as it depends upon the demand for th...
Q: What was the corporate response during the time of 1st era in the history of environment and busines...
A: Environment and business first era had some environmental issues due to which corporate response was...
Q: In which industry is monopolistic competition most likely to be found? Utilities Agricu...
A: Monopolistic competition refers to the type of market where producers have an incentive to make thei...
Q: If economists forecast a decrease in aggregate expenditure, which of the following is likely to occu...
A: Aggregate expenditure is the overall spending generated by forces in the market for a given period.
Q: According to the quantity theory, if constant growth in the money supply is combined with fluctuatin...
A: According to the quantity theory, if constant growth in the money supply is combined with fluctuatin...
Q: If Ben Bernanke, Chair of the Federal Reserve Board, begins to tighten monetary policy by raising US...
A: The monetary policies are the policies adopted by the central bank, such as Federal Reserve of US. T...
Q: The high transaction costs associated with a barter system refers to: a. The fact that, often time...
A: Money is a generally acceptable means of payment. Before the use of money, in the earlier period, th...
Q: This company wants to maximize its profit in the short run. How much is a profit-maximizing quantity...
A: Costs are the expenses that firms incur in the production of goods and services. Revenue is the inco...
Q: If the price level of what firms produce is rising across an economy, but the costs of production ar...
A: The short run aggregate supply curve is upward sloping, indicating a direct relationship between the...
Q: Explain four problems with the argument that trade protection is needed to protect American jobs. b...
A: Hi. Since there are two questions, we will answer the first one. Trade protectionism is defined as a...
Q: A state government wants to increase the taxes on cigarettes to increase tax revenue. This tax woul...
A: In a market, the change in producer surplus, consumer surplus, and tax revenue depends upon the pric...
Q: Tutorial Exercise Worldwide annual sales of smartphones in over a 5 year period were projected to ...
A: Meaning of Price Elasticity of Demand: The price elasticity of demand refers to the situation unde...
Q: Melanie decided to save 20% of her annual earnings for 10 years so she would have a down payment for...
A: The price index , such as consumer price index and GDP deflator, estimates the weighted price of a g...
Q: selects and explains how the selected type of regulation works and how the government achieves socia...
A: Answer - Different types of regulation and social efficiency achieved through their implementations ...
Q: The graph below represents sales per week of ABC Inc. Ltd, a monopoly multinationalenterprise that s...
A: Hi Student, thanks for posting the question. As per the guideline, we are providing answer for the f...
Q: Refer to the information and assume the stadium capacity is 5,000. The supply of seats for the game...
A: Supply of a commodity is the relation between the price of the commodity and the willingness of the ...
Q: 6. (Consumer Price Index) One form of the CPI that has been advocated by lobbying groups is a “CPI f...
A: The CPI calculates the weighted average of a basket of consumer products and services. In the equati...
Q: Consider a fishery with the following production function where L is the number of fishermen and TP ...
A: Number of Fishermen (L) Total Product (TP) Marginal Product (MP) 1 18 18 2 34 16 3 48 14 ...
Q: Hi using the information in the picture below I need help answering this question. Suppose the act...
A:
Q: Which situation would most likely cause a nation's production possibilities curve to shift i...
A: PPC is also known as the production transformation curve or production possibility frontier. It is d...
Q: Suppose, initially the Australian economy is at full employment (in other words the economy is at th...
A: When an economy is an open economy, its demand and supply is affected by the action of the trading p...
Q: On average, it needs P250,000 per year and an additional P600,000 every 4 years for major repairs to...
A: We need to calculate the Present Value in this question. The total payment which is to be paid at th...
Q: Markets in which firms sell their output of goods and services are called resource markets. ...
A: Market is defined as a physical or virtual location at which buyers and sellers meet in order to exe...
Q: Price per Ice-cream (Rs.) Demand for Ice cream (Qd) Supply for Ice cream (Qs)140 500 1500120 750 120...
A: Willingness to pay is the maximum amount of money at or below which one unit of a product will be pu...
Q: Which is not a factor of production? Money Land Labor Capital
A: Factors of production are the factors used for production of goods and services.
Q: A headline reads "Lumber Prices Up Sharply." In a competitive market, this situation would lead to ...
A: A competitive market is one in which several manufacturers compete with each other in the hope of su...
Q: The long-run aggregate supply curve shifts right if immigration from abroad increases. the capital...
A: Aggregate supply represents the total goods and services that producers produce and sell in the econ...
Q: Marginal revenue (MR) is ____ when total revenue is maximized.
A: Total revenue is the total receipts collects from the sale of goods and services. Marginal revenue i...
Q: What does the concept of "crowding out" mean in macro economics according to John Maynard Keynes?
A: In some cases, the government embraces an expansionary fiscal policy position and builds its spendin...
Q: What were the economic views of John Maynard Keynes?
A: The economy is the set of activities related to the production, consumption, and trading of goods an...
Q: Describe what a tariff is and describe its economic effects?
A: Worldwide, exchange provides customers and nations the chance to be subjected to products and servic...
Q: Jessie, a pharmacist, is planning on opening her own pharmacy. Jessie Pharmacy is expected to genera...
A: Accounting profit is the difference between total revenue and explicit cost. Explicit cost is the co...
Q: Calculate the level of consumer and producer surplus when demand and supply are given by D and S0 re...
A: In the market transactions, the consumers and the producers gain benefits by interacting with each o...
Q: Should a firm shut firm if its revenue is R = $1,500 per week and: a. Its variable cost is VC = $1,1...
A: There are two types of cost in short run which are fixed and variable cost. The total variable cost ...
Q: Questions 4 & 5 Michelle owns a house in which she keeps valuables worth 100,000 which can get s...
A: We are going to calculate Certainty equivalence, Risk premium to answer this question.
Q: Construct the cost schedule using the data. below for a firm operating in the short run. Graph th...
A: Total cost is the sum of all the cost that incurred by a firm in order to produce output. The averag...
Q: Dissaving occurs when income is greater than saving income is less than consumption saving is great...
A: National income is the total money value of all final goods and services that are produced in an eco...
Q: ___________________ happens when the economy is producing at its potential and unemployment is at th...
A: Natural rate of unemployment is the sum of structural and frictional unemployment. In other words, i...
Q: Please fill in the points and writeon box note points in the paper about this topic company. The...
A: Business of the company - Automotive (Production of Automobiles), produces "Luxury & Commercial...
Q: The United States represents a small part of the world orange market. Draw a diagram depicting ...
A: When the world price is lower than the domestic equilibrium price, we have increase in welfare for d...
Q: Suppose the demand curve for gasoline is more elastic than the supply curve for gasoline. If the go...
A: The tax incidence analysis consists of deciding who is the economic entity that bears the expense of...
Q: If the price level of what firms produce is rising across an economy, but the costs of production ar...
A: The supply curve is upward sloping indicating a positive relationship between the price and the quan...
Q: In an oligopolistic market there are many buyers. few buyers. few sellers. ...
A: An ‘oligopoly market’ consists of small number of firms. All firms have significant influence on the...
Q: The minimum wage is lowered. How will this impact firms?
A: Minimum wages are defined as the minimum amount of remuneration required by an employer to pay wage ...
Q: What is the definition of economic globalization
A: The term economic globalization means that there an increase in the interdependence of the economies...
Q: If two alternative economic models are offered, other things equal, we would
A: An economic model is a simplified version of reality that is used to understand economic behavior by...
Q: Price per Ice-cream (Rs.) Demand for Ice cream (Qd) Supply for Ice cream (Qs)140 500 1500120 750 120...
A: Market equilibrium is considered as the situation when both the producer and the consumer agree to m...
Q: Elaborate on your opportunity costs, if you decide to stop studying now and start working.
A: Opportunity cost is the next best alternative foregone.
Q: How do marketers use emotions in product designand advertising?
A: Emotional marketing refers to marketing and advertising that primarily uses emotional appeals to for...
Which of the following is an example of a common resource?
a. a national park .
b. a fireworks display
c. national defense
d. iron ore
Step by step
Solved in 2 steps
- A video on YouTube is a ? A. private good B. club good C. common pool resource D. public goodMatch the good with it's best characterization. A. Open-access resource B. Private good C. Public good D. Club good select A B C D 1. Poke bowl select A B C D 2. Clean air select A B C D 3. Blue fin tuna select A B C D 4. Private beach select A B C D 5. Over-crowded public beach select A B C D 6. Uncrowded public beach select A B C D 7. Open-source software (like Python, R, or Linux) select A B C D 8. Commercial software (like Microsoft Word) select A B C D 9. Organic, free-range chickenWhich of the following would be classified as a natural resource? 1) a loaf of bread 2) a factory 3) obtaining a college degree 4) wireless networking equipment 5) coal
- A Day in the Life:The Johnson's are you average American family living in the average community in suburban Los Angeles.The family consists of mom and dad, Martha and HowardTwo children, Sally and Bobby, & A dog, Franklin. From "A Day in the Life," categorize each of the following example A that best fits the description: Public Good, Common Resource, Private Good, or Club Good. 1.Once home, the family gathers in the family room to finish out the day (A) watching TV, using the Spectrum Cable. 1) (Example A)- State the one that best fits the description: Public Good, Common Resource, Private Good or Club GoodA library's collection of e-books is a ? A. Private Good B. Club good C. Common good resource good D. Public goodA Day in the Life:The Johnson's are you average American family living in the average community in suburban Los Angeles.The family consists of mom and dad, Martha and HowardTwo children, Sally and Bobby, & A dog, Franklin. From "A Day in the Life," categorize each of the following examples (D-F) that best fits the description: Public Good, Common Resource, Private Good, or Club Good. 1.Martha, a graphic designer, works at home. Early in the morning, she shuffles Franklin to the (D) Central Park Dog Park, a public park, generally before anyone else arrives there. 2.At 6PM, the family heads of the (E) crowded San Gabriel Valley YMCA (a private facility) for activities and fitness. 3.At 7:30PM the family heads off to (F) dinner at the Lazy Dog Café. Since it is a Tuesday evening, the restaurant is almost empty. 1) (Example D)- State the one that best fits the description: Public Good, Common Resource, Private Good or Club Good 2) (Example E)- State the one that best…
- Question: Which of the following is related to green revolution in India?(A) Environment Protection(B) High Yielding Variety of Seeds(C) Green House Effect(D) Calculation of Green GNPPlease Dont use AI tool.A mosquito control program in a city is a A. private good B. club good C. common pool resource good D. public goodTell whether each of the following goods is best characterized as (1) a private good; (2) a public good; (3) an open-access resource; or (4) a club good. briefly explain (a) A video game (b) Clean water (swimmable, fishable, drinkable) (c) Landscaping at a public university (d) News website (e) An electric utility (F) National defense (g) A laptop computer
- What type of good is each of the below: 000 Fish in a lake A crowded beach Traffic Lights National Defense A non-crowded beach iPads Netflix 1. Club Goods 2. Common Resources 3. Private Goods 4. Public GoodsMatch the good with it's best characterization.If it is a Public good, private good, club good, or open access resource 1. Poke Bowl 2. Clean air 3. Blue fin tuna 4. Private beach 5. Over-crowded public beach 6. Uncrowded public beach 7. Open-source software (liKe Python, R, an Linux) 8. Commercial software (lIke Microsoft Word) 9. Organic, free-range chickenA Day in the Life:The Johnson's are you average American family living in the average community in suburban Los Angeles.The family consists of mom and dad, Martha and HowardTwo children, Sally and Bobby, & A dog, Franklin. From "A Day in the Life," categorize each of the following examples (A-C) that best fits the description: Public Good, Common Resource, Private Good, or Club Good. 1.The day begins with Howard going off to work at the ad agency on the (A) crowded freeway heading toward the city of Pasadena for an 18-mile commute. 2.Sally dresses up for school to attend (B) classes at West Covina High School (a public school). 3.Bobby heads off to his (C) middle school (Jubilee Christian School), which is a church-based private school. 1) (Example A)- State the one that best fits the description: Public Good, Common Resource, Private Good or Club Good 2) (Example B)- State the one that best fits the description: Public Good, Common Resource, Private Good or Club Good 3)…
