What is one way socioeconomic may be a structural determinant with regards to smoking ? a.) by passing laws to ban smoking b.) by electing officials who are against smoking c.) by having cultural taboos such as shame to reduce smoking d.) by passing a law saying only certain race can have access to tobac

Q: What is economic justice and should there be a Hippocratic Oath for economists?

A: GIVEN DATA Views on economic justice and whether should be there  Hippocratic oath for economists

Q: Suppose that the supply curve of serving in the military is S(P) = P, where Q = S(P) is number of…

A: Social cost usually refers to the total cost that the society experiences as a direct result of any…

Q: The table below descr Fret for higher education. Higher education confers positive externalities on…

A: A positive externality is a benefit that is enjoyed by a third party as a result of an economic…

Q: Tickets to athletic and artistic events are sometimes resold at higher-than-original prices – a…

A: The market price is the present price at which an asset or service can be bought or sold. The market…

Q: Suppose you were conducting a cost benefit analysis for an alternative that required products to be…

A: The cost-benefit analysis is used to check the profitability of various projects while making…

Q: The income threshold used by the organization International Poverty Line for extreme poverty   a.…

A: International Poverty Line(IPL): The International Poverty Line is a guideline to measure and…

Q: Suppose that the supply curve of serving in the military is S(P) = P, where Q = S(P) is number of…

A: Social cost usually refers to the total cost that society experiences as a direct result of any…

Q: a) The Fundamental Theorems of Welfare Economics p) The Excess burden doctrine based on the…

A: The study of the allocation of resources and the way in which goods tend to have an effect on social…

Q: A tax policy analyst proposes that we should eliminate exemptions from taxes on food and medicine…

A: Taxation is a means of raising revenue to finance government expenditure. The sum of all receipts…

Q: The amount that a beggar outside the Toronto Stack Exchange Building can collect in Average revenues…

A: Consumer surplus is the difference between a consumer’s maximum willingness to pay for a product and…

Q: 1. A government economist, Mollie Orshanky, first calculated this in 1963 by multiplying the cost of…

A: Correct answer is d. poverty line Poverty line is a minimum earning threshold below which a person…

Q: How can government correct inequalities in the market’s resource allocation? Consider means-tested…

A: Governments can correct inequalities in the market's resource allocation through various policy…

Q: Which of the following is an example of the ubiquitous tradeoff between equity and efficiency…

A: Minimum wage is the lowest wage below which an employee cannot hire workers.

Q: Which set of policies is more likely to cause a tradeoff between economic output and equality:…

A: Redistribution policies are related to allocation of income or wealth from individuals with high…

Q: It is fair to discriminate in the amount of benefits for life and health policies: between…

A: When talking about discrimination, it refers to the situation when an individual is unfairly treated…

Q: Explain the concept of the utility possibility frontier. What is the role of the utility…

A: The happiness or advantage that a person receives from consuming an item or service is referred to…

Q: Briefly describe the theory of rational ignorance.

A: In economics, theory helps in understanding the economy and how the people work in an economy.

Q: Is society made better off or worse of if a government policy results in some amount of dead weight…

A: Dead Weight Loss is the sum of consumer and producer distortions.

Q: How would a positive economist MOST likely approach the question of increased taxes? a. Poll a…

A: There are two types of economics: Positive economics and Normative economics. Positive economics…

Q: The Australian government have suggested that they might need to increase GST to help fund the…

A: Deadweight loss: It refers to the cost which the society has to pay due to inefficiencies of the…

Q: A local government is considering building new public hiking trails in town. Suppose that the trails…

A: Public goods are products or services that are non-excludable and non-rivalrous, which means that…

Q: Suppose that the supply curve of serving in the military is S(P) = P, where Q = S(P) is number of…

A: Social cost refers to the total cost that the society experiences as a direct result of any economic…

Q: Describe two activities by the government that can cause allocative inefficiency.

A: In a competitive market, the equilibrium price of the good is determined by the market forces of…

Q: 2a. In a CBA formula, data for willingness to pay for environmental resources are collected by which…

A: Willingness to pay:- The highest price upto which a buyer would purchase single quantity of a…

Q: A new policy is expected to generate £5,000 of benefits and £3,000 of costs. In terms of the effect…

A: The benefit is more than the costs, so we can say there is net social benefit from this new policy.…

Q: Today, an estimated 2 million people drive for Uber, often evenings and weekends after they’re…

A: The economics as a study is based upon the idea that the resources which are available with each…