Changes in U.S PPF when war take place.

Question

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Answer 1

Question

Chapter 2, Problem 1QP

(a)

To determine

Changes in U.S PPF when war take place.

(a)

Expert Solution

Explanation of Solution

A war taken place in the US soil leads to reduction in capital stock, potential resources and also kills people. This in turn shifts the US’s PPF inward.

Economics Concept Introduction

Production possibilities frontier (PPF) curve: PPF curve refers to the combinations of goods and services that can be produced using available resources.

(b)

To determine

Changes in U.S PPF when new oil is discovered.

(b)

Expert Solution

Explanation of Solution

The discovery of new oil field increases the US’s resources. Thus, it shifts the PPF of U.S outward.

(c)

To determine

Changes in U.S PPF when unemployment rate decrease.

(c)

Expert Solution

Explanation of Solution

Decreasing unemployment rate represented by the movement of a point that is below the PPF to another point that is near or on the frontier.

(d)

To determine

Changes in U.S PPF.

(d)

Expert Solution

Explanation of Solution

The new law decreases the productive efficiency of the labor that leads to the movement of a point which is on the frontier to the point that is inside the frontier.

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Discuss the preferred deterrent method employed by the Zambian government to combat tax evasion, monetary fines. As noted in the reading the potential penalty for corporate tax evasion is a fine of 52.5% of the amount evaded plus interest assessed at 5% annually along with a possibility of jail time. In general, monetary fines as a deterrent are preferred to blacklisting of company directors, revoking business operation licenses, or calling for prison sentences. Do you agree with this preference? Should companies that are guilty of tax evasion face something more severe than a monetary fine? Something less severe? Should the fine and interest amount be set at a different rate? If so at why? Provide support and rationale for your responses.

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Answer 2

Question

Chapter 2, Problem 1QP

(a)

To determine

Changes in U.S PPF when war take place.

(a)

Expert Solution

Explanation of Solution

A war taken place in the US soil leads to reduction in capital stock, potential resources and also kills people. This in turn shifts the US’s PPF inward.

Economics Concept Introduction

Production possibilities frontier (PPF) curve: PPF curve refers to the combinations of goods and services that can be produced using available resources.

(b)

To determine

Changes in U.S PPF when new oil is discovered.

(b)

Expert Solution

Explanation of Solution

The discovery of new oil field increases the US’s resources. Thus, it shifts the PPF of U.S outward.

(c)

To determine

Changes in U.S PPF when unemployment rate decrease.

(c)

Expert Solution

Explanation of Solution

Decreasing unemployment rate represented by the movement of a point that is below the PPF to another point that is near or on the frontier.

(d)

To determine

Changes in U.S PPF.

(d)

Expert Solution

Explanation of Solution

The new law decreases the productive efficiency of the labor that leads to the movement of a point which is on the frontier to the point that is inside the frontier.

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Answer 3

Question

Chapter 2, Problem 1QP

(a)

To determine

Changes in U.S PPF when war take place.

(a)

Expert Solution

Explanation of Solution

A war taken place in the US soil leads to reduction in capital stock, potential resources and also kills people. This in turn shifts the US’s PPF inward.

Economics Concept Introduction

Production possibilities frontier (PPF) curve: PPF curve refers to the combinations of goods and services that can be produced using available resources.

(b)

To determine

Changes in U.S PPF when new oil is discovered.

(b)

Expert Solution

Explanation of Solution

The discovery of new oil field increases the US’s resources. Thus, it shifts the PPF of U.S outward.

(c)

To determine

Changes in U.S PPF when unemployment rate decrease.

(c)

Expert Solution

Explanation of Solution

Decreasing unemployment rate represented by the movement of a point that is below the PPF to another point that is near or on the frontier.

(d)

To determine

Changes in U.S PPF.

(d)

Expert Solution

Explanation of Solution

The new law decreases the productive efficiency of the labor that leads to the movement of a point which is on the frontier to the point that is inside the frontier.

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Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 4

Question

Chapter 2, Problem 1QP

(a)

To determine

Changes in U.S PPF when war take place.

(a)

Expert Solution

Explanation of Solution

A war taken place in the US soil leads to reduction in capital stock, potential resources and also kills people. This in turn shifts the US’s PPF inward.

Economics Concept Introduction

Production possibilities frontier (PPF) curve: PPF curve refers to the combinations of goods and services that can be produced using available resources.

(b)

To determine

Changes in U.S PPF when new oil is discovered.

(b)

Expert Solution

Explanation of Solution

The discovery of new oil field increases the US’s resources. Thus, it shifts the PPF of U.S outward.

(c)

To determine

Changes in U.S PPF when unemployment rate decrease.

(c)

Expert Solution

Explanation of Solution

Decreasing unemployment rate represented by the movement of a point that is below the PPF to another point that is near or on the frontier.

(d)

To determine

Changes in U.S PPF.

(d)

Expert Solution

Explanation of Solution

The new law decreases the productive efficiency of the labor that leads to the movement of a point which is on the frontier to the point that is inside the frontier.

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Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 5

Chapter 2, Problem 1QP

(a)

To determine

Changes in U.S PPF when war take place.

(a)

Expert Solution

Explanation of Solution

A war taken place in the US soil leads to reduction in capital stock, potential resources and also kills people. This in turn shifts the US’s PPF inward.

Economics Concept Introduction

Production possibilities frontier (PPF) curve: PPF curve refers to the combinations of goods and services that can be produced using available resources.

(b)

To determine

Changes in U.S PPF when new oil is discovered.

(b)

Expert Solution

Explanation of Solution

The discovery of new oil field increases the US’s resources. Thus, it shifts the PPF of U.S outward.

(c)

To determine

Changes in U.S PPF when unemployment rate decrease.

(c)

Expert Solution

Explanation of Solution

Decreasing unemployment rate represented by the movement of a point that is below the PPF to another point that is near or on the frontier.

(d)

To determine

Changes in U.S PPF.

(d)

Expert Solution

Explanation of Solution

The new law decreases the productive efficiency of the labor that leads to the movement of a point which is on the frontier to the point that is inside the frontier.

Answer 6

Chapter 2, Problem 1QP

(a)

To determine

Changes in U.S PPF when war take place.

(a)

Expert Solution

Explanation of Solution

A war taken place in the US soil leads to reduction in capital stock, potential resources and also kills people. This in turn shifts the US’s PPF inward.

Economics Concept Introduction

Production possibilities frontier (PPF) curve: PPF curve refers to the combinations of goods and services that can be produced using available resources.

Answer 7

Chapter 2, Problem 1QP

(a)

To determine

Changes in U.S PPF when war take place.

Answer 8

(a)

Expert Solution

Explanation of Solution

A war taken place in the US soil leads to reduction in capital stock, potential resources and also kills people. This in turn shifts the US’s PPF inward.

Answer 9

(a)

Expert Solution

Answer 10

(a)

Expert Solution

Answer 11

Expert Solution

Answer 12

Economics Concept Introduction

Production possibilities frontier (PPF) curve: PPF curve refers to the combinations of goods and services that can be produced using available resources.

Answer 13

(b)

To determine

Changes in U.S PPF when new oil is discovered.

(b)

Expert Solution

Explanation of Solution

The discovery of new oil field increases the US’s resources. Thus, it shifts the PPF of U.S outward.

Answer 14

(b)

To determine

Changes in U.S PPF when new oil is discovered.

Answer 15

(b)

Expert Solution

Explanation of Solution

The discovery of new oil field increases the US’s resources. Thus, it shifts the PPF of U.S outward.

Answer 16

(b)

Expert Solution

Answer 17

(b)

Expert Solution

Answer 18

Expert Solution

Answer 19

(c)

To determine

Changes in U.S PPF when unemployment rate decrease.

(c)

Expert Solution

Explanation of Solution

Decreasing unemployment rate represented by the movement of a point that is below the PPF to another point that is near or on the frontier.

Answer 20

(c)

To determine

Changes in U.S PPF when unemployment rate decrease.

Answer 21

(c)

Expert Solution

Explanation of Solution

Decreasing unemployment rate represented by the movement of a point that is below the PPF to another point that is near or on the frontier.

Answer 22

(c)

Expert Solution

Answer 23

(c)

Expert Solution

Answer 24

Expert Solution

Answer 25

(d)

To determine

Changes in U.S PPF.

(d)

Expert Solution

Explanation of Solution

The new law decreases the productive efficiency of the labor that leads to the movement of a point which is on the frontier to the point that is inside the frontier.

Answer 26

(d)

To determine

Changes in U.S PPF.

Answer 27

(d)

Expert Solution

Explanation of Solution

The new law decreases the productive efficiency of the labor that leads to the movement of a point which is on the frontier to the point that is inside the frontier.