Q: Express your thoughts/ideas regarding the given topic "My home.
A: ANSWER: MY HOME : * Home is place where we stay with our families and live safely :The saying East...
Q: 6.The standard Solow growth model assumes: a. The depreciation rate is a choice. b. The capital-ou...
A: The Solow growth model can be explained as the model of long-run economic growth. A major component ...
Q: Question 31 An economic downturn can lead mainly to which type of unemployment? a) structural O b) f...
A: Unemployment: Unemployment is a state of affairs in which all people who are actively looking for wo...
Q: The transmission mechanism of monetary policy is how central banks attempt to control the price leve...
A: Monetary policy is the policy instrument of central bank under which it aims to control the money su...
Q: 9.In Nunn and Wantchekon (2011) the authors find that trust is a key mechanism through which the sla...
A: Introduction Slavery is the treatment when human being treated as deprived in many forms throughout ...
Q: he industries in South Africa, such as housing and healthcare, are controlled by the government. Mos...
A: The conclusions that can be drawn about the South African economy based on the given information is ...
Q: The initial investment costs and the "annual revenues less expenses" of three investment alternative...
A: business and for engineering economics in both industrial engineering and civil engineering practice...
Q: A consumer has S600 to spend on good x and y. Her preferences can be represented by the utility func...
A: U(x,y)=100lnx+y Px=$10 Py=$5 M=$600 Optimal bundle is obtained when marginal utility per dollar of b...
Q: Find the missing marginal utility: Quantity 3 8 Total Utility 30 55 67 Marginal Utility 10 5 |12 4 5...
A: Utility: - Utility is the satisfaction derived by any consumer by consuming a good or service.
Q: 5.1 Suppose an economy's production function is Y = AK"L1«. If the annual rat conomic growth is 4.5 ...
A:
Q: If you were in a position to run an economy, what steps would you take to raise our rate of economi...
A: Answer: *If i were in a position to run an economy *The following steps would be undertaken to raise...
Q: how does endogenous growth theory explain economic growth
A: Neoclassical growth model: - Neoclassical growth model was first given by Robert Solow and Trevor Sw...
Q: If the price of industrial plastic injection molding machines rose by 20% and the price of oranges f...
A: CPI stands for consumer price index. Where consumer goods basket are included to calculate the the i...
Q: 2. Suriname and Paraguay consume two goods, coffee and machines, and labour is the only input into p...
A: Amount of production of both the goods in both countries can be stated as : Number of units produced...
Q: Question 32 The official unemployment rate a) includes underemployed workers but not marginally atta...
A: Unemployment rates are calculated in order to determine the number of people that do not have jobs. ...
Q: 3) Consider Tom's utility function:U = x0.5y0.5 with his income of M and prices, P, & Py. a) Assume ...
A: Given Tom's utility function: U=x0.5y0.5 ... (1) Income =M, Price of good x and good y a...
Q: euros and earn 4 percent on a one-year bank deposit in France. If the exchange rate is initially 0.9...
A: A rate of return (RoR) is the net gain or loss of an investment over a specified time period, expres...
Q: Sue has $200 to buy supplies for her computer. The two items that she needs are printer ink and comp...
A: A budget line is a straight line that slope downwards and consists of all the possible combination o...
Q: Explain why macroeconomists like to build models and why do macroeconomists build models based on mi...
A: Economists are the people who study the concepts of economics in-depth and prepare a more detailed s...
Q: Milton Friedman, who won the Nobel Prize in economics, characterized inflation as being "high and va...
A: Milton Friedman Noble Laureate in economics termed inflation as high and variable. Such characterist...
Q: “All problems in economics are about scarcity, that is, about how to use given resources for satisfy...
A: Introduction '' all problem in economics are about scarcity, that is, about how to use given resourc...
Q: Which of the following are effective anti-poverty policies? a) Rent controls b) Farm pri...
A: Poverty is very serious issue in most of the country around the world. So, government of the country...
Q: What are the independent and dependent variables of US-Iran Conflict on the strait of Hormuz and its...
A: The strait of Hormuz serves as an globally important narrow water way which connects the Persian gul...
Q: • Suppose you are the manager of a watchmaking firm operating in a perfectly competitive market. • Y...
A: In perfect competition, eqm q(quantity) is found by the intersection of MC(marginal cost) and p(pric...
Q: Which of the following are included in GDP and which are not? If an item is included, state which G...
A: The measure that depicts the final value of goods and services being produced during a specified per...
Q: KIND can be considered a "social enterprise." Again, what does the term mean? Whatever the term mean...
A: Social Enterprise: Businesses that change the world for the better are known as social enterprises. ...
Q: You manufacture t-shirt. For a batch of 2,500 t-shirts, your fixed cost total P100,000 and your unit...
A: Total cost is the sum of variable cost and fixed cost. Fixed cost remains same at all levels of outp...
Q: Question 21 A company in the United States produces dog treats and sells them to consumers in France...
A: Component of GDP:- GDP= C+I+G+NX where; C=ConsumptionI=Investment G= G...
Q: Consider a modified aggregate supply function which takes account for the emergence of random busine...
A: Output Equation in the economy - yt = πt - πte + y⏜ Where πt = Actual inflation rate , πte = Expecte...
Q: Answer the following questions: Instructions: Enter your answers rounded to the nearest whole numb...
A: MPC, marginal propensity to consume is the proportion of change in income that is spent on consumpti...
Q: Market Watch, May 24, 2018 discusses, "what happens if the oil rally turns into an 'oil shock' ". Gr...
A: Aggregate demand (AD) is the sum total amount of commodities and services demanded in an economy at ...
Q: 1. Consider the market for cell phones in Celltown. Suppose that the inverse demand curve is P = -2Q...
A: Inverse demand curve P = -2Qd +300Inverse supply curve P = 3Qs +50Inverse demand curve is downward s...
Q: Price (dollars per bucket) 16 15 14 13 12 10 200 300 400 500 600 700 800 Quantity (buckets) The abov...
A: Answer: According to the above figure, due to tax the supply curve shifts to the left from S0 to S1...
Q: Question 4 4.1 Assuming that, due to the Covid 19 pandemic, people's marginal propensity to save inc...
A: The worldwide lockdown caused by the covid - 19 epidemic resulted in a significant change in people'...
Q: Brazil trades bananas to the US and the US trades planes to Brazil. The current exchange rate betwee...
A: Below is the given information: *Exchange rate = 1 Real per $0.20 *Brazil export banana to the US. *...
Q: Discuss the importance of monetary base to the overall money supply.
A: Answer: Monetary base: monetary base refers to the total amount of cash created by the central bank ...
Q: 3. Two countries, Taiwan and Korea, produce two goods, avionics and integrated circuits (ICs), using...
A: There are two countries : Taiwan & Korea Produce two goods : Avionics & ICs Both countries...
Q: A college freshman borrowed P5,000 from a bank for his tuition fee and promised to pay the amount fo...
A: Given information: Borrowed amount = P5000 The amount received after interest deducted = P4745
Q: Calculate the Gross Profit Ratio from the following information :- 2010 2011 ales (Revenue from Oper...
A: Gross profit ratio formula: Gross profit ratio =Gross profitsales or revenue
Q: Three accuracy problems with the consumer price index (CPI) are O a) price confusion, substitution, ...
A: Substitution bias. Substitution bias occurs because the CPI measures the price changes of a fixed ba...
Q: The growth rate of nominal GDP was 9.4%, and the growth rate of real GDP was 7.4% for Iceland in 201...
A: Gross domestic product (GDP) is a monetary measure of the market value of all final goods and servic...
Q: As an economic and accounting analyst, which of the two should a government pay more attention for d...
A: Exports refer to the sale of goods and services by the domestic producers to the customers in the fo...
Q: •Consider the exogenous growth Solow-Swan model. An increase in the sav- ing rate increases the "bal...
A: When we will be going to discuss about the solow growth model which can be exogenous can be consider...
Q: Assume the slope of the AD curve is equal to 0.4 and government introduces a fiscal policy stimulus ...
A: As per the information given in question, let the slope of AD curve be represented by S i.e. S=0.4. ...
Q: Percentage change in P plus the percentage change in Y minus the percentage change in Vis approximat...
A: We use the of Quantity Theory of money we know that MV = PY. After that we take ln on both sides to...
Q: Question 5 5.1 Suppose an economy's production function is Y = AK L'«. If the annual rate of economi...
A: Question 5:- Given; Production Function; Y=AKαL1-α Annual rate of economic growth= 4.5% Labor growth...
Q: Why do we use mind mapping
A: Mind mapping is the diagrammatic representation of information, task or concepts.
Q: Which of the following would be a source of economies of scale? the quantity of labour more speciali...
A: Marginal cost is the additional cost incurred in order to produce an additional unit of output thus ...
Q: What is Ann's maximin strategy? Game Bob L ...
A: Answer -
Q: What is the international community doing to assist the least developed countries (such as Niger) wi...
A: The term "international community" refers to a broad group of people around the world in geopolitics...
Step by step
Solved in 2 steps
- 1. Why does a government use regulations?What is market failure, and what kinds of things can lead to market failure? What is government failure? Can government failure lead to market failure?John Stossel’s Video “GREED,” by ABC News. 45-minute videoGreed (ABC 20/20 - 1998) (with English subtitles) - YouTube 1. If greed in some measure seems to be a rather universal characteristic, is it possible channel or directit to achieve good results or socially acceptable ends? Explain .2. The poet John Donne said “No man is an island, entire of itself; every man is a piece of the continent,a part of the main...” As you recall Mr. Stossel’s steak dinner, explain what would undoubtedly happento your personal standard of living if you were live a completely self-sufficient life-style? What wouldyou spend most of your time doing? 3. Would it ever be logical – be in your best interest to turn down a pay raise? 4. Explain how people respond to incentives and how markets turn self-interested behavior to thebenefit of consumers.
- Is market failure either necessary or sufficient for government intervention?In Mcdonald v. Chicago Justice John Paul Stevens made an argument against applying all Bill of Rights provisions to the states. He stated, “When a federal court insists that state and local authorities follow its dictates on a matter not critical to personal liberty or procedural justice, the latter may be prevented from engaging in the kind of beneficent ‘experimentation in things social and economic’ that ultimately redounds to the benefit of all Americans.” How would you respond to Stevens’ quote?Why does government intervention become necessary in the situation of market failure?