Explain the benefits principle and the ability-to-pay principle. What are vertical equity and horizontal equity? Why is studying tax incidence important for determining the equity of a tax system?

Q: Is there a Nash Equilibrium for this game? If so, what is it? The Nash Equilibrium is for both first...

A: To check the Nash equilibrium: Both Shell & Chevron have dominant strategies choosing the low p...

Q: Considering the determinants of productivity, list and explain some things that would tend to prohib...

A: Gross domestic product of a country is the total value of goods and services produced by a country d...

Q: Would a good economic model be more likely toaddress a positive statement or a normative statement? ...

A: An economic model is one which tries to establish a relationship between variables (independent) and...

Q: Consider a simple economy of Korea - producing two goods, Motor bike and milk. The details ofthe eco...

A: "Since you have asked a question with multiple sub-parts, we will solve the first three sub-parts fo...

Q: landlords show up at the next council meeting and demand an increase in rents.the council members vo...

A: 3.  Given  Price Quantity demanded Quantity supplied 200 400 100 250 375 150 300 350 200 ...

Q: Explain the difference(s) between an economic and an econometric model . Write down examples for eac...

A: Economic models are used by the economist to explain consistently recurring relationships. This econ...

Q: 2 Explain why the Least Industrialized Nations have so manychildren, consequences of rapid populatio...

A: Least industrialized nations are generally the least developed ones in terms of economic growth. Thi...

Q: Suppose country A has a central bank with full credibility, and country B has a central bank with no...

A: The supply curve represents a correlation which in turn tends to exist between the cost of a service...

Q: An imaginary country, Imaginaria, reports a nominal GDP of $279.6B in 2016. The population that year...

A:

Q: I just need help with these questions on my homework pls help me.

A: Hello. Since you have posted multiple questions and not specified which question needs to be solved,...

Q: Is either helicopter money or quantitative easing preferred in times of severe recessions in order t...

A: Helicopter money refers to a monetary policy of printing a large amount of money and distribute it t...

Q: Stan Moneymaker has been informed of a major automobile manufacturer’s plan to conserve on gasoline ...

A: Investment =$1200 Investment  = Monthly saving×1-11+ini 1200 = 27.50×1-11+0.05n0.005 1200×0.00527.50...

Q: P1 P2 P3 P4 D MR QI Q2 Q3 Q4 Quantity What is the profit maximizing output for the monopolistic comp...

A: Monopoly is a market condition where there is a single seller. It sells a unique commodity in the ma...

Q: Discuss the difference between an entreprenuer and non entreprenuer

A: Entrepreneurship is seen as a kind of challenge that goes above what is usually associated with laun...

Q: Do you agree that human beings, having the ability to direct their own behavior by rational decision...

A: Answer 1 Assuming you say indeed, you feel that individuals can never be constrained right into it b...

Q: You and another shop are deciding whether to keep prices high or keep prices low. Here is the situat...

A: It can be said that it is not a perfect competition situation.

Q: help me fast

A: Introduction, First of all we should put the values of the following in our mind That is y(k,l)= 100...

Q: The Consumer Price Index (CPI) is a measure of inflation obtained by comparing current prices with b...

A: Given: To Find: The CPI for the item in 2000:  

Q: 2. What is the market approach to consumer protection? What are the problems with the market ap...

A: Market approach would be related to demand and supply. It is very useful for consumer protection.

Q: If the Fed wants to lower the interest rate, what should they do with the money supply? What tools d...

A: Both Central Bank and Central Government have different tools which will help to control the money s...

Q: Question 1Given the following on a closed economy.Question 2C = 40 + 0.8Yd I = 55 – 200rG = 20T = 20...

A: Since you have asked multiple subparts we would answer the first three for you. To get the answers t...

Q: 1.Now suppose that the increase in investment spending was entirely anticipated by firms and workers...

A: OPTION A: A.Directly from point N to point Z

Q: Given below is the Supply Schedule of Nestle Milk per liter:Price of Milk per liter (in Rs) 100 200 ...

A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts fo...

Q: Topic 2. Discuss characteristics of an economy that helps itself correct from a recessionary gap.

A: Potential GDP is the GDP that an economy can produce, given all its resources are at full employment...

Q: Discuss the long-term repercussions of  bush fires on Australia’s productive capacity. Explain in 15...

A: Productivity is the ratio of outputs to that of inputs. The productivity capacity is the based on th...

Q: Assume that GDP is $6,000, personal disposable income is $5,100, and the government budget deficit i...

A:

Q: Business Strategy is about managing uncertainty, opportunity, and enterprise. How does a firm evalua...

A: Businesses play an important role in the economy leading to considerable effects and requirements in...

Q: Alternative explanations of wage disparities Suppose that a labour economist finds that one of h...

A: Hello. Since you have posted multiple questions and not specified which question needs to be solved,...

Q: Economics Question

A: Deadweight loss is defined as the loss in efficiency such that optimal or efficient allocation is no...

Q: Output and Prices for 1995 and 1996 Product Quantity produced in 1995 Price in 1995 Quantity produce...

A: Answering First three parts as per guidelines Nominal GDP = Current Year Price * Current Year Quanti...

Q: In what sense can you use commodity swaps to achieve the same goal as in signing commodity futures? ...

A: Commodity swaps and commodity futures are used for hedging and speculation in the commodity market. ...

Q: B) What causes business cycles ? Externa factors only or internal factors only or aggregate external...

A: Business cycle: The business cycle, otherwise called the monetary cycle or exchange cycle, are the v...

Q: #10

A: A situation wherein no player/agent has any wish/incentive to deviate, in a unilateral way, is the N...

Q: Question 3 Mrs. Griffiths earns $5000 a week and spends her entire income on dresses and handbags, s...

A: Note: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question...

Q: What is M1 in money supply by RBI ?

A: The money supply is a stock variable. 

Q: MC AB ATC DE F H G. K Demand Quantity MR Which area represents the produce surplus of monopoly? Sele...

A: Producer surplus is the difference between the actual price received by the producer and the minimum...

Q: Suppose the labor force participation rate is 70% and adult age population is 200 million calculate ...

A: Labor force participation rate= 70%, Adult population= 200 million

Q: Considering the determinants of productivity, list and explain some things that would tend to prohib...

A: There are four determinants of productivity. They are: Physical capital Human capital Natural resou...

Q: If national income increases by $20 million and consumption increases by $5 million, the marginal pr...

A: Given: Change in consumption = 5 million Change in income = $20 million  

Q: If consumption expenditures are $1800 million, gross investment is $450 million, imports are $350 mi...

A: Gross domestic product refers to the value or the total amount of the final goods and services that ...

Q: What does the income statement summarize?

A: Income statement explains about the revenues and expenses so as to know the profit or loss ascertain...

Q: Demand and Supply functions are P=-2Qd+50 and P=0.5Qs+25, the equilibrium output is: 9 11 12 8 10

A: The quantity demanded and quantity supplied refers to the two mechanisms through which the business ...

Q: Given the marginal revenue function of a company MR = 250 – 8x, then the total revenue from selling ...

A: Given  MR = 250 - 8x To calculate TR when x = 10 units

Q: help

A: a) Given Rent of capital=r=$40 Dumping cost of water=d=$10 Cost minimization requires that MPW/MPK=d...

Q: Suppose that Apple Inc. manufactures a new generation of iPhones that can ascertain whether your int...

A: Cost of living is the monetary cost of sustaining a certain standard of living, which is normally ca...

Q: Using appropriate demand and supply diagram in each of the following cases explain the impact on the...

A: 1. When import duty is imposed on import if second hand clothes he price of clothes increases and wh...

Q: b. Covid 19 pandemic has force the people in the economy Love & Laughter, to consume only 2 good...

A: Solution: Goods previous year price (p0) (2018) Current year price (p1)(2019) Quantity  P0q0 P1q0...

Q: Is K12 education a helpful tool for regionalism?

A: K12 education is a very important tool for regionalism.Due to K12 education secondary education woul...

Q: Using data from the last 10 semesters in ETC2410, we have observed that students who attended tutori...

A: As it is very clear from the above case we can say that the tutorial helps student to achieve better...

Q: In December, the price of Christmas trees rises and the number of trees sold also rises. Is this a v...

A: Law of demand states that there exists an inverse relationship between price and quantity demanded, ...