10. Which of the following best describes government revenue? a) Government programs designed to improve economic equity b) A tax for which high-income earners pay a larger fraction of their income in taxes tham low-income earners c) Money the government spends to buy goods and services d) Income the government receives from taxes and other non-tax sources

Q: True/False. In all cases, variable universal life insurance policies link the death benefit directly…

A: The profit from a speculation portfolio. The venture portfolio can contain a solitary resource or…

Q: A tourist is willing to pay 5 for a postcard. A local is willing to pay 1. Locals outnumber tourists…

A: The price per unit at which the overall profit (measured as quantity multiplied by unit price) is…

Q: In the short run, a firm's output level is 10 units. Its total cost is $4000 and its average fixed…

A: Cost of production refers to the amount of money involved in the production of goods and services,…

Q: = Questions 1.6 and 1.7 refer to a consumer with preferences over lotteries represented by the…

A: We use the following formula to calculate the expected utility: Expected Utility (EU) = pa(U(xa)) +…

Q: A businessman needs P50,000 for his operations. One financial institution is willing to lend him the…

A: The offer in which the businessman will have to give the lowest interest rate is the best offer for…

Q: Price 25 20 15 10 5 0 0 20 Figure 40 60 Quantity Demand Supply Supply 2 80 100 nly ? will result in…

A: Equilibrium occurs at the intersection point of the demand and supply curve.

Q: Q1 -Calculate the present worth the data as shown below - P=? - F=1234 - 1=10% - Y=5

A: Present value=Future value1(1+I)nWhere, I=Interest rateand n=Time

Q: Questions 1.4 and 1.5 refer to a consumer with preferences over food (x) and clothing (y)…

A: The consumer price index (CPI) is a broad indicator for evaluating price changes in a basket of…

Q: Examples of implicit costs are a. Time b. Opportunity c. All of the above d. None of the above…

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

Q: Under which condition the fiscal policy has the maximum effect on real national income? Sketch graph…

A: Fiscal policy, measures used by governments to stabilize the economy, specifically by manipulating…

Q: suppose you start saving for retirement when you are 26 years old. You invest $5,000 the first year…

A: Above question contains an annuity series with a  geometric gradient of 3% . PW = A [1 -…

Q: Using a sample from a population of adults, to estimate the effects of education on health, we run…

A: Given regression equation Hypertensioni= α+βeduci+γXi+εiWhere Hypertension= Y is binary…

Q: O the balance of payments. O the business cycle O stable employment. O ever-falling national output.

A: *Answer:

Q: MODIFIED TRUE OR FALSE Harrod- Domar Model emphasizes the need to have increasing capital…

A: The Harrod–Domar model is model of Keynes that is made to examine the economic growth in the…

Q: If n is the number of fishermen in the river, then each fisherman catches 10 + 120/n kg of fish each…

A: The following information is mentioned: Price of one kg of fish is £5 Opportunity cost is £80 i.e.…

Q: Why are people closest to local government?

A:

Q: Compare and contrast absolute advantage and comparative theories. advantage trade

A: The goal of Trade Theory is to explain current trade patterns and their impact on the domestic…

Q: The Mandaue Furniture produces tables. The fixed monthly cost of production is 1. P8,000, and the…

A:

Q: Kindly give the clear,complete and detailed solution thank you)P45,000 is deposited in a savings…

A: Compounding interest semiannually means that at the start of the compounding period, which in this…

Q: PROBLEMER The table below represents two cash flows, what is the value of X to make the two cash…

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

Q: Raising the minimum wage will   Question 5 options:   Make all employers better off   No other…

A: Unemployment: - unemployment is that portion of the labor force that is able to do work and looking…

Q: Q4. For a firm in Perfect competition, the profit maximization output rule is either MR-MC

A: A profit-maximizing firm produces at the intersection point of MR and MC. i.e., MR = MC is the…

Q: Consider a monopoly with a total cost function given by TC = Q2 + 100 and facing the market demand…

A: at equilibrium point the demand and supply curve is equal as we know . here demand curve is given…

Q: Why does a positive externality create a market failure and how can this market failure be solved by…

A: A cost or benefit resulting from the production or use of an item or service is known as an…

Q: 3. For a perfectly competitive firm: a. the demand curve is perfectly inelastic at the market price…

A: In perfectly competitive market, there are many firms with free entry and exit. Firms produce…

Q: Mr. and Mrs. Ward typically vote oppositely in elections and so their votes “cancel each other out.”…

A: Nash's equilibrium is a process for each player where individual strategy is the best reaction to…

Q: Q4- You buy today a car 15,000 SR and you get profits from the car 1000 per year, after five year…

A: Future value is the value of an ongoing resource at a future date in view of an expected rate of…

Q: In the car rental industry, each car rental firm typically offers many different types of cars at…

A: Market demand for a commodity can change as a result of a change in consumers income, their tastes…

Q: 6. Suppose Zambia is an open economy in the long run described by the following equations:…

A: Equilibrium in the market occurs where output equals aggregate expenditure

Q: 3 Explain the benefits of gaining international business experience and working as an expat

A: A business is a firm that buys or sells goods and services at the market price in the market. It…

Q: Which is more effective in restricting trade, quota or tariff?

A: Quota and trade, both are the government strategies or policies to restrict trade, especially…

Q: This is the answer plz write Clear hand written Y=Skº5 +32° Multiply k & L by X skjet 3 CLOS 0.5 0.5…

A: The production Y is a function of both labor and capital.

Q: economics explains economic phenomena according to their cause and effects Which economics explains…

A: Economics is known to be as the branch of specific knowledge which includes with the process of the…

Q: consumption exports + - + selek wly b ob ou avocal to nude GDP

A: Gross domestic product is the total market value of goods and services produced domestically during…

Q: P45,000 is deposited in a savings account that pays 5% interest compounded semi-annually. Equal…

A: Interest is compounded twice a year when it is compounded semiannually. The semiannual rate is…

Q: Kindly give the given, complete and detailed solution. THANK YOU.) John bought a car with cash value…

A: Given: Car price = P14,000 Down payment = P4,000 r = 5.23% n=1 (number of years) t = 4 (number of…

Q: By making use of graphs explain the difference between perfect competition and monopoly market.…

A: The monopoly and perfect competi­tion are two extremely opposite kinds of market structure.

Q: The economy is experiencing a $225 million inflationary gap. If the government decided to solve this…

A: Given; Inflationary Gap= $225 million MPC= 0.9 Formula to calculate tax multiplier:-…

Q: What is the B/C Ratio for a firm considering an investment in a new manufacturing technology?…

A: The measure that depicts the relative benefits and costs of a project that is proposed in monetary…

Q: The accompanying graph depicts the marginal revenue (MR), demand (D), and marginal cost (MC) curves…

A: Profit  = Total Revenue - Total Cost Total Revenue = Price*Quantity We can see that the Marginal…

Q: L M 20 N R A K J P R Ho- G FE Profit maximizing quantity of the monopoly: + Marginal revenue is 0 in…

A: "Monopoly is a single seller/producer of a commodity or service. A monopolist firm is a price maker…

Q: Consider the table below to answer the question that follows: Q TFC TVC TC AFC AVC ATC MC 0 500 0…

A: AFC=TFCQAVC=TVCQATC=TCQMC=∆TC∆Q Q TFC TVC TC AFC AVC ATC MC 0 500 0 500 - 0 - - 5 500 10…

Q: Why is it that not all the economic system in the world are same?

A: When talking about economic systems, it can be said that not all the countries have same economic…

Q: Use a Keynesian model to calculate the answer. Full employment = 80 output million

A: Marginal propensity to consume (MPC) represents the change in consumption due to change in income…

Q: Jaime has preferences over GOOD (A) and GOOD (B), with $60 to spend on the two goods. The market…

A: Answer -

Q: what is the present worth of $3,082 in year 1 and amounts increasing by $174 per year through year 5…

A: The abvoe question is based on the topic of Time Value of Money and at the end of 1 year, changes wi…

Q: The volatility of short-term economic growth gives rise to O the balance of payments. O the business…

A: Introduction Economic growth refers to increase in real national income of a country. Short run…

Q: Explain what markets are and how they are generally classified.

A: In economics, market refers to the place for the people to interact and make economic activities.

Q: One of these four answers increases the demand for financial capital. Which one?  Group of answer…

A: When talking about financial capital, it is the requirement of the funds by the firms to deal with…

Q: In markets with strong network externalities:     a. It is common for the market to be split…

A: Network externality refers to the situation when demand for a product is influenced by the demand…