In: Economics
Why do people of all ages, income levels, and educational backgrounds not participate in political life? Can anything be done to engage these people?
In: Economics
A monopsonist/monopolist is the only buyer/seller of a particular variety of apples. Show graphically: the price paid to farmers (buying price), the selling price, the monopsonist’s profit, the farmers surplus loss (compared to selling in a perfectly competitive market).
In: Economics
14. According to the open-economy macroeconomic model, which of
the following statements is (are) correct?
(x) In the open-economy macroeconomic model, if for some reason
foreign citizens want to purchase more U.S. goods and services at
each exchange rate, then the demand for dollars in the market for
foreign-currency exchange shifts right.
(y) If foreign citizens want to buy fewer U.S. bonds, then the
demand for U.S. dollars in the market for foreign currency exchange
will shift to the right
(z) If the real exchange rate for the dollar is below the
equilibrium level, the quantity of dollars supplied in the market
for foreign-currency exchange is less than the quantity demanded
and the dollar will appreciate.
A. (x), (y) and (z)
B. (x) and (y) only
C. (x) and (z) only
D. (y) and (z) only
E. (x) only
15. which of the following statements is (are) correct?
(x) A trade policy is a government policy that directly influences
the quantity of goods and services that a country imports or
exports.
(y) An “import quota”.is a limit on the quantity of a good that can
be produced abroad and sold domestically.
(z) A tax on imported goods is called a tariff.
A. (x), (y) and (z)
B. (x) and (y) only
C. (x) and (z) only
D. (y) and (z) only
E. (x) only
In: Economics
Which stage of the policy progress is the most important and why?
In: Economics
In: Economics
Three ways in which the Coronavirus Stimulus Package differs from the 2009 Stimulus Package.
In: Economics
Question 2
Suppose there is enough room for a maximum of three (3) cars to park around a fire hydrant. The harm resulting to society rises as additional cars park around the fire hydrant. This is because as more cars park, it becomes more costly for firefighters to navigate their water hoses around the stationary vehicles. The total (not marginal) cost to society as a function of the number of parked cars around a fire hydrant is as follows:
Number of Parked Cars |
Total Cost to Society |
0 |
$0 |
1 |
$10 |
2 |
$25 |
3 |
$50 |
a. If each driver’s gain from parking a car around the fire hydrant is constant at $20, how many cars should park around the fire hydrant from an economic perspective? (Hint: you need to find the marginal cost to society to answer this part.)
b. What is the maximum level of total surplus resulting from parking around the fire hydrant? How many cars should park around the fire hydrant from an economic perspective?
In: Economics
Discuss the meaning of deductible and coinsurance in the context of insurance. What are the similarities and differences between the two? How do deductibles and coinsurance mitigate the losses of insurers?
Madam Yong Hon Heng owns a factory building valued at RM1.8 million, and she insures the property under four insurers at RM300,000 (insurer A), RM400,000 (insurer B), RM500,000 (insurer C) and RM600,000 (insurer D). Assume that each insurer includes a pro-rata liability clause in their policy. In the event that, a RM500,000 loss occurs, how will Madam Yong Hon Heng be able to claim from each insurer?
In: Economics
yA(pA) = 120 - pA
yB(pB) = 200 - pB
In: Economics
Country A is a developing country. The nominal GDP in Country A (expressed in terms of Country A currency) was 100 in 2018 and 200 in 2019. Does this means that the production in Country A doubles in 2019? Give 2 reasons and explain why or why not..
In: Economics
. Consider a firm that has a production function y = f(x1, x2) =
2x 1/4 1 x 1/4 2 facing input prices w1 = 2
and w2 = 4. Assume that the output price p = 8.
• What will be the profit maximizing output level?
-What will be the profit? •
-If this firm is divided up into two equal-size smaller firms, what
would happen to its overall profits? Why
In: Economics
How must American marketers change their packaging for sale in India and Pakistan? How about product size? Would warehouse clubs like Costco and BJ's be successful in this part of the world? Why or why not?
minimum 500 words
In: Economics
Give an example of a production process that is possible to have decreasing marginal product in an input and yet increasing returns to scale. Show your work and explain
.
In: Economics
Do you foresee any other positive influences the COVID-19 virus may have on local or global financial markets? Provide a web article.
In: Economics