What determines how the burden of a tax is divided What determines how the burden of a tax is divided between buyers and sellers? Why? What determines how the burden of a tax is divided

Q: c. Suppose sellers lobby and get a minimum price of $70 in the market and get the government to pled...

A: As there are multiple parts, the first part would be solved. To get answers to the rest of the parts...

Q: How are the characteristics of public goods similar to/different from common pool resources? Public ...

A: Both are non excludable.

Q: a. If the supply side of Carlandia's auto market has 10 b. If the supply side of Carlandia's auto ma...

A: Hello. Since your question has multiple sub-parts, we will solve the first three sub-parts for you. ...

Q: 18

A: At Equilibrium Price, quantity demanded is equal to quantity supplied. At equilibrium there are no s...

Q: Use the accompanying table to calculate the following statistics for Brazil: Labour force Labour-fo...

A: Adult Population (millions) = 140 Unemployed (millions) = 7 Employed (millions) = 88

Q: The following graph shows the marginal and average product curves for labor, the firm's only variabl...

A: ATC = TC/Q Where, ATC = Average total cost TC = total cost Q= Output

Q: Explain the Circular Flow Diagram for a four-sector economy.

A: The circular flow model in four sector economy provides a realistic picture of the circular flow in ...

Q: Suppose the economy is in the long-run equilibrium. b. Now suppose war in the world's main oil- prod...

A: The economy is said to be in long-run equilibrium, when the real GDP is at its potential output, the...

Q: The price level was 118.3 in 1988, 124.0 in 1989, and 130.7 in 1990. What were the rates of inflatio...

A: The inflation rate shows the persistence increment in the price level in the economy. The inflation ...

Q: Include correctly labeled diagrams, if useful or required, in explaining your answers. A correctly l...

A: The central bank steers real GDP by managing interest rates in the economy. 

Q: Consider the following regression model, Y;= B1 + B2X12 + .+BxX ik+ ej where El e;|x;]= 0 and Var(e;...

A:  A linear regression analysis shows whether the two or more variables are related or not, whether th...

Q: Which of the following is the best example of "rent seeking? OA. Costly renovations are made to the ...

A: Rent-seeking refers to the situation when there is a rent generation out of the manipulative service...

Q: OutputAFC AVC АТС MC 1 100 40 140 40 2 50 35 85 30 3 33.33 35 68.33 35 4 25 36.25 61.25 40 5 20 38 5...

A: In a perfectly competitive market profit is maximized where marginal cost is equal to marginal reven...

Q: Use the following data: Base Inflation Rate = .4% Shortfall = 10% of Y, Shock Inflation Rate = 3% %3...

A: Given : Base inflation rate=0.4% shortfall=10% of Yp shock inflation rate =3%

Q: "Trinidad and Tobago is not only impacted by the economic consequences of COVID-19; but as an oil-an...

A: It is given that , Central bank has reduced  reserve requirement ratio from 17% to 14%. Repo rate fr...

Q: With regards to macroeconomic growth, the most common goal is to achieve:  a gradual/progressive inc...

A: Economic growth refers to the steady increase of production of output over different periods. When t...

Q: 1. If planned investment (I) goes up by 20 initially and is sustained at this higher level, an incre...

A: Planned investment involves certain process. This process involves output also.

Q: The country of Xenobia can be described as an open economy with a public sector. a. Identify two met...

A: A closed economy is an economy that is one where there is no trade. This means the economy is self-s...

Q: An automobile manufacturer uses labor, capital, and a variety of intermediate goods in the productio...

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

Q: 27. When Sam has an income of $1,000, he consumes 30 units of good A and 50 units of good B. After S...

A: When income increases,normal goods are bought in more quantity and inferior goods are bought in less...

Q: ACcoralng to the law of diminishing marginal utility, marginal utility of a good declines as more of...

A: Law of diminishing marginal utility says that as more and more units of a good is consumed then addi...

Q: The economic condition cannot affect manager's decisions and actions. * O True O False

A: Economic condition refers to the present condition of a particular economy. These conditions tend to...

Q: Which of the following statements regarding risk objectives for an investor is incorrect. a) Institu...

A: Risk objectives of investors depend upon various factors and measures.  Risk which is described as s...

Q: How does sustainability and economic globalization interact with each other? Doe create a positive o...

A: Sustainability would ensure future balance of natural resources for future generations that would en...

Q: I need help. What is the correct answer.

A: Credit report consist of current and past information regarding the credits that an individual hold....

Q: 21. Which of the following is NOT the goal of the consumer? a. maximize utility b. maximize satisfac...

A: Consumer going through is the all out cash spent on conclusive merchandise and enterprises by people...

Q: Dunuts IndilfereceXurve 3 linlllerence Curve Tdillerecet urve

A: In the market, indifference curve explains the difference set of two products that give same level o...

Q: With a perfectly inelastic demand, the buyers will pay the entire tax :choose one true O Error O

A: Elasticity refers to the 'percentage(%) change in the quantity demanded(Q) due to percentage(%) chan...

Q: Which of the following is an example of a perfectly competitive market?

A: Perfectly competitive market is the ideal market where buyers and sellers all have perfect complete ...

Q: it about Greta Thunberg

A: a) become aware of- notice the importance of something b) think outside the box-explore ideas which ...

Q: The following table shows a money demand schedule, which is the quantity of money demanded at variou...

A: Since you have posted multiple questions, we will solve the first answer for you. If you want any sp...

Q: If no trade occurs between the markets, what are the equilibrium values of D1, S1, P1, D2, S2, and P...

A: Equilibrium is attained in the market at the point where the demand and supply are the same. At the ...

Q: Q1: consider the market demand and supply for Pepsi, what will happen to equilibrium price and quant...

A: Since you have posted a question with multiple sub-parts, we will solve the first 3 sub-parts for yo...

Q: Review the many U.S. economic problems since the 1960s.

A: The industrial revolution and better productivity In the U.S.A saw a shift in its GDP growth rate by...

Q: What role do UAE governments play in making decisions about international trade?

A: International Trade refers to the business carried out across borders. It is based on the theory of ...

Q: Draw and explain different stages of Demographic Transition Model.

A: The demographic transition theory is a broad explanation of how mortality, fertility, and growth rat...

Q: A sample of 42 observations is selected from a normal population. The sample mean is 41, and the pop...

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

Q: 29

A: The elasticity of demand measures the responsiveness of quantity demanded to a change in price. It i...

Q: i need Question no 4 Solution Just 1) Suppose the central bank decides to lend $2million to a partic...

A: Money Supply = $400bn reserves = r = 8%  currency = c = 2%   a. Monetary Base = Currency + Reserves ...

Q: The sources of revenue for state and local governments are                              ["the same a...

A: Revenue is the income generated by the activities carried out by the business organization or by the...

Q: Assume you are pursuing a bachelor’s degree and you have 40 hours to divide between work and school ...

A: Opportunity cost is the cost of next best alternative. It is the foregone benefit that could have be...

Q: 20

A: The market is the interaction of the demand and the supply forces in the market. The market determin...

Q: 12) The unemployment rate is calculated as follows: O A. Unemployment Rate = Number of Unemployed Nu...

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

Q: What is an equilibrium condition? How do we that we have an equilibrium condition?

A: Economic equilibrium is a condition or state in which economic forces are balanced. In effect, econo...

Q: 25. Jane is maximizing total utility while consuming food and clothing. Her marginal utility from fo...

A: Total utility is the aggregate amount of satisfaction which is received by the consumer through the ...

Q: The commercial banking system has excess reserves of $3,000. Then new loans of $40,000 are subsequen...

A: The required reserve ratio gives the percent of stores that banks should hold as reserves. It is the...

Q: Figure#1 Pepsi W.

A: Budget constraint shows all the combinations of two goods or services that a consumer can prefer to ...

Q: consider the market demand and supply for Pepsi, what will happen to equilibrium price and quantity ...

A: “Since you have posted a question with multiple sub-parts, we will solve first three subparts for yo...

Q: In Classical theory, Saving may increase due to decrease in Interest Rate

A: Classical economists tend to maintain that the economy is always capable to achieve the natural leve...

Q: 21

A: Increase in the price of substitute of product y.