Economics Question

Q: Benjamin Franklin said “I think the best way of doing good to the poor is not making them easy in po...

A: Poverty is a situation where an individual is considered as poor as they are unable to fulfill their...

Q: Suppose that the demand for olive oil is highly inelastic. Also suppose that the supply of olive oil...

A: The elasticity of Demand: The elasticity of demand exhibits the responsiveness of quantity due to a ...

Q: Is there a pattern in opportunity cost changes?

A: Opportunity cost is a micro economics concept refer to the lost of the potential benefit for an indi...

Q: Solve parts d,e and f Jen from Thunder Bay consumes housing (H) and food (F). Her studentstipend is ...

A: We know, Jen’s utility-maximizing bundles are H*= 80 and F* = 200 Thus,  her utility level using the...

Q: Solve it early I upvote definitely.  Not copy paste answer provides

A: A market is called stable in which downward sloping demand curve and upward sloping supply curve int...

Q: Your enterprising uncle opens a sandwich shopthat employs 7 people. The employees are paid$12 per ho...

A: Profit is maximizing when the wage rate is equal to the MRP, That is, W rate is equal the marginal p...

Q: with explanations please, thankyou In a Mixed Specific Factors model with two sectors, Cars (C) and ...

A: If the government imposes a tariff on the imports of W then there will be an increase in the domesti...

Q: Explain it correctly both a and b

A:

Q: Alice runs a shoemaking factory that utilizes both labor and capital to make shoes. Which of the fol...

A: If the other factors other than the price of capital or interest rate changes, the demand for capita...

Q: True or False. The MB = MC level of immigration is likely to be achieved if we simply let in every p...

A: False, the MB = MC level of immigration is not likely to be achieved if we simply let in every perso...

Q: Can someone answer d,e, and f?

A: Before tariff is imposed: The quantity imported was (Qd - Qs) = (160 - 40) = 120 units.   After th...

Q: Why is a quota more detrimental to an economy than a tariff that results in the same level of import...

A: "Since you have asked multiple questions, we will answer only first question for you. If you have an...

Q: Table 1: Production Capacity of COVID-FREE LAND. Toilet Rolls Sanitizers 30,000 0 28...

A: Production possibility frontier shows the different combination of two goods that produced by using ...

Q: What is the tax incidence of an excise tax when demand is highly inelastic? Highly elastic? What eff...

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

Q: When is the current yield a good approximation of theyield to maturity?

A: The current yield will be considered as a good approximation of the yield to maturity when the price...

Q: A man deposits P50.000 in a bank account at 6% compounded monthly for 5 years. If the inflation rate...

A: Inflation refers to the increasing price level in the economy during a period of time. Interest rate...

Q: The long run is a period of time: that is too short to change the size of a firm's plant. ...

A: The economy evaluates its production process or policy implication in two different brackets of time...

Q: what factor determine movement along demand curve for labour and increase or decrease in it? why the...

A: Labor demand refers to the number of labor hours demanded by employers in a market at a certain wage...

Q: Suppose the French suddenly develop a strong taste for California Coca-Cola. Answer the following qu...

A: a) If the French suddenly develops a strong taste for California’s Coca-Cola, so the demand for the ...

Q: 2.what is one of the core propostions underpinning an istitution-base viewbof global business

A: Globalization is explained as an international business that will provide its facilities all across ...

Q: Suppose that the government of China is currently fixing the exchange rate between the U.S. dollar a...

A: The rate of exchange refers to the value of a domestic currency expressed in terms of foreign curren...

Q: 7. Draw the supply and demand curve for pencils. Clayton county provides every student with a laptop...

A: Answer: Introduction: If Clayton county provides laptops at school, then the students reduce the use...

Q: Draw a supply and demand curve for oil. The government says we can no longer import oil from oversea...

A: Demand refers to the amount of goods and services that the consumers need or want at the prevailing ...

Q: A country is always worse off when its currency isweak (falls in value).” Is this statement true, fa...

A: This statement is false. A weak currency has a negative effect on purchase of goods and services fro...

Q: Nation’s exchange rate value for its currency in foreign exchange markets.  A nation's balance of tr...

A: The exchange rate is the rate at which the currency of a nation is traded for the currency of anothe...

Q: The table contains data on the relationship between saving and income. Rearrange these data into a m...

A: The data can be re arranged by ascending order that is lower income to higher income. The income sav...

Q: with explanations pleaseee   1. In free trade a country will not trade if A. Autarky prices and free...

A: "Since you have asked multiple questions, we will answer only first question for you. If you have an...

Q: In the 1980s, PepsiCo Inc., which then had 28 percent of the soft-drink market, proposed to acquire ...

A: The merging is the strategy used under the oligopoly market where there are only a few large sellers...

Q: A technological advance that increases the marginalproduct of labor shifts the labor- _________ curv...

A: Supply is the volume of products that sellers are willing to sell in the market, at a given price.

Q: Which of the following quantities

A: Law of demand states that if price of good increases then quantity demanded for the good will decrea...

Q: We see quite a bit of international trade in the real world. And trade is driven by specialization. ...

A: Option C is correct Option C is correct because specialization in one commodity cannot occur, a coun...

Q: If a real estate agent sells a house for 364,217 dollars that the previous owners had bought 13 year...

A: GDP (Gross domestic product) refers to the total value of finished goods and services that produces ...

Q: Do you agree or disagree? Explain your reasoning. “There need be no trade-off between equality and e...

A: This trade of between equality and efficiency has been into debate since forever. Whether the equal ...

Q: What is meant by a progressive tax? A regressive tax? A proportional tax? Comment on the progressivi...

A: A progressive tax is a tax system where the tax rate increases as the taxable income increases. It i...

Q: What of the following is considered "sunk cost" in the short run? Variable cost. (VC, or TVC) Margin...

A: Definition: Sunk Costs: In economics and firm decision-making, a sunk cost is a cost that has alre...

Q: True or false: Under the “rule of reason” that was established by the Supreme Court in the U.S. Stee...

A: The 'rule of reason' is an analysis of whether the practice of firm help or hurt competition. Under ...

Q: A local county is considering purchasing somedump trucks for the trash pickups. Each truck will cost...

A: Time period is denoted by n, and interest rate is denoted by i, annual fee (AF) can be calculated as...