China 4,800 Which good will China export and which good will Canada export? Canada will export laptops and China will export cars. Canada will export cars and China will export laptops. China will export laptops and cars. Canada will export neither good. Conndawill oxnort lantons and cars China will export neither good,

Q: Which of the following concepts is NOT a basic assumption of economics? a. scarcity b. demand for…

A: Economics is a vast area of study that deals with various agendas, models, theories, rationales, and…

Q: Economics & Personal Finance Think about the job you want in the future. Write a brief scenario…

A: The economies around the world tend to operate with the motive of enhancing their growth,…

Q: Liability rules do which of the following? O apply only to visitors to a property. O apply only to…

A: Option E

Q: Let's say that you have put $1,000 in your savings account at a local financial institution, and an…

A: The banks which deals with public(Known as commercial banks) are the financial institution whose…

Q: Government regulations that prevent a firm from dumping toxic waste into a river address which type…

A: The markets in a society are considered to important for the interaction of the buyers, and the…

Q: Assume the economy is experiencing low and stable inflation, averaging 2% a year. Nadia loans her…

A: Given information Inflation rate=2% per year average Brett took loan from Nadia=$12000 to buy a car…

Q: Regulations regarding the disposal of hazardous waste are intended to prevent negative…

A: Negative Externalities are the cost borne by the third party without any consumption of the good.

Q: Complete the following table by computing the total profit (the chemical plant's economic profit and…

A: No recycling= 2900+1700= 4600 Recycling= 2600+2500= 5100

Q: The government is NOT likely to address a negative externality using I Select |

A: Externality is the cost or benefit that the market transaction brings to the third party or society.…

Q: Consider the following graph of the average and marginal cost functions for a firm in a perfectly…

A: Perfectly competitive market: - it is a market condition where there are many buyers and many…

Q: Total revenue minus explicit and implicit costs equals which of the following? excess profits O…

A: The total amount of income being generated by a company through the sale of its goods and services…

Q: CENGAGE MINDTAP Homework (Ch 16) 4. The multiplier effect of a change in government purchases…

A: Aggregate Demand: The aggregate demand is a sum of private investment demand, government…

Q: Governments provide information to protect which of the following? O Labor Consumers O The…

A: All of these option are correct.

Q: Which regulatory agency protects consumers from injury or death resulting from the use of a product?…

A: The Consumer Product Safety Commission (CPSC) is an independent federal regulatory organisation…

Q: When policymakers make decisions in response to a pre-specified rule, they are u active policy.…

A: Monetary and fiscal policies are used to correct the disequilibrium in an economy. These policies…

Q: Refer to the following supply and demand schedules for the market for yo-yos. Price Qd Qs $1 100 10…

A: Here, quantity demanded and quantity supplied of yo-yos is given at different price level.

Q: When the government provides free and reduced lunches to low-income students, it is addressing which…

A: When the price mechanism in turn fails for accounting of all of the benefits and costs that are…

Q: The table below shows the marginal utility from consuming mini pizzas and sodas. If pizzas and soda…

A: Given: The price of mini pizza is = $1 The price of soda is = $0.50 The total amount to spend is =…

Q: Provide three examples of public goods in your hometown. Explain how each is nonrival and…

A: A non-excludable and non-rivalrous public good is one that the government supplies.  Defence,…

Q: Which of the following is an example of a negative externality? O Locally produced honey Police and…

A: Meaning of Externalities: The term externality refers to the situation where the cost is incurred…

Q: Producing a good is efficient as long as the external benefits exceed the external costs. True O…

A: An external advantage is an advantage acquired by an individual or firm because of a monetary…

Q: What is measured by how many goods and services a worker produces in an hour? O gross domestic…

A: Meaning of Factors of Production: The term factors of production refer to the situation under…

Q: Answer this for me mate. Much appreciated.

A: Option D You are entitled for peaceful enjoyment of your possesion.

Q: following graph illustrates the weekly demand curve for motorized scooters in Wilmington. the green…

A: Total revenue is the product of the price charged and the quantity demanded. From the graphical…

Q: Which of the following questions does economics NOT investigate? a. How do individuals deal with…

A: Economics is the social science that study the individual and economic agent behavior in the…

Q: The government grants which of the following to protect the property rights of writers and…

A: The entities in the economy work with different objectives, and are involved in different entities.…

Q: e. What would happen to total revenue if the price increased from $1 to $2? Is demand elastic?

A: The relationship between price and total revenue:If demand is elastic, then there is an inverse…

Q: Government regulations that prevent two firms from merging to become a monopoly address which type…

A: Private goods:- Private goods are products whose possession is limited to the organisation or…

Q: There are never unintended consequences of government intervention to address market failures. True…

A: In a  free market, price is determined by pure market forces of demand and supply. Equilibrium price…

Q: help! thank u!

A: Every country's economy goes through cycles of expansion and collapse. Levels of employment,…

Q: Too much of a good or service is produced when there is a O Public good Negative externality…

A: In the absence of market failures, the competitive market allocates resources efficiently and…

Q: Refer to the following supply and demand schedules for the market for yo-yos. Qs 10 Price Qd $1 $2…

A: Equilibrium is achieved at the output level where Qs equals Qd.

Q: The Sherbert Test states that in order for a law to be allowed to limit or burden a religious…

A: Answer: TRUE

Q: When economists measure costs they do not include implicit or opportunity costs. True O False

A: Economics as a subject deals with the allocation of scarce resources among humans with unlimited…

Q: Government failure occurs when the benefits of regulation are Too difficult to measure Too high…

A: Economist argues that the free market through the forces of demand and supply optimise the use of…

Q: Public education results in which of the following? O More education than would be provided by the…

A: Public education : It implies government helps by investing in the public education. An educated…

Q: 1. What action should the Federal Open Market Committee (FOMC) take if it sees signs of inflation…

A: The situation that depicts a general rise in the level of prices for goods and services or an…

Q: Total Variable Cost Quantity of Output (Q) Total Cost (TC) (TVC) $__ $9 1 8. 19 4 11 --- 12 O $8 O…

A: The organizations in a market measure different types of costs, and they all are related to each…

Q: Government failure occurs when a government's attempt to correct a market failure has unintended…

A: The markets are the place where the buyers of the goods, and services interact with the sellers,…

Q: Panel (a)

A: Government tax subsidy - If the government decrease the tax rate then it is called government tax…

Q: Which of the following is a NOT public good provided by the government? O Police protection O…

A: public goods are Non rival  and Non Excludable. For example roads, Defence or police protection They…

Q: 1. Define a progressive income tax system.

A: A tax is imposed by the government to raise funds for its expenditures. It may be progressive,…

Q: The [Select] promotes competition.

A: The FTC (Federal Trade Commission) is an anti trust law which aims to enforce the rules of the…

Q: If two television networks merge, it is a vertical merger. O True O False

A: here we can choose the correct answer as follow-

Q: If the price of beef was $45.00 what is the optimum number of cows and the profit or loss at that…

A: Solution:- (i) If the price is $45., the optimum level of input is 50. At this level, we get $1366.2…

Q: When I get a vaccination, it creates both a private benefit and a(n) [ Select

A: Individual interest reflects the small profit the buyer receives from the item. At the time when we…

Q: For each of the following changes in the market for apples, explain why demand will increase,…

A: 1. A rise in the price of peanut butter (a compliment) leads to a fall in the demand for apples.…

Q: Antitrust laws make which of the following illegal? Anti-competitive behaviors O All monopolies…

A: Economics deals with the allocation of scarce resources among humans with unlimited wants. As a…