Questions
How do you expect COVID-19 to affect Economic Growth: for Canada and for the World in...

How do you expect COVID-19 to affect Economic Growth: for Canada and for the World in general?

In: Economics

what are the Comparative and absolute advantages of brazil from 2000-2019

what are the Comparative and absolute advantages of brazil from 2000-2019

In: Economics

Explain the importance of planning and understanding price structure in an International Trade negotiation. Also name...

  1. Explain the importance of planning and understanding price structure in an International Trade negotiation. Also name three different forms of pricing with a brief description of each as well as which one is best suited for International Trade.

In: Economics

Why have banks substantially increased off-balance sheet activities over the past two decades? please explain. thank...

Why have banks substantially increased off-balance sheet activities over the past two decades? please explain. thank you

In: Economics

Discuss how using secondary sources (e.g., government websites from specific countries) could be a costly mistake...

Discuss how using secondary sources (e.g., government websites from specific countries) could be a costly mistake when planning to enter a country through exporting, licensing, or foreign direct investments, and explain why.

In: Economics

Q 2) a-)Why is short-run average total cost (SATC) at a minimum at the output, at...

Q 2) a-)Why is short-run average total cost (SATC) at a minimum at the output, at which the short-run marginal cost (SMC) curve and short-run average total cost (SATC) curve cross? Explain and draw the figure.

b-) What is the effect of higher interest rates on the quantity of real money demanded? Explain and draw the figure.

In: Economics

the impact of COVID-10 to SMEs (in Malaysia)

the impact of COVID-10 to SMEs (in Malaysia)

In: Economics

Explain Demand and Supply shifts. Analyze the change in Demand & change in supply. What is...

Explain Demand and Supply shifts. Analyze the change in Demand & change in supply. What is the difference between a change in quantity demand and a change in quantity supply?

In: Economics

Consider a competitive market for red lentils with 10,000 identical farmers, a competitive market price of...

Consider a competitive market for red lentils with 10,000 identical farmers, a competitive market price of $5 and the following ?? for each farmer:

MC = $0.5+ $0.05Q

Also consider the following market demand function:

QD=1,100,000-40,000P

a) Calculate the optimal level of production (in tonnes) for each farmer (show workings).

b)Assuming 10,000 lentil farmers of equal size, determine the market supply function and the equilibrium market quantity (show workings).   

c) Consider that the government now imposes a 25% tax on producers, calculate the new market equilibrium price (two decimal places) and new market equilibrium output (two decimal places) (show workings).

d)Calculate the value of the deadweight loss for the consumer and the producer following a 25% tax on red lentils, as well as, the amount of government revenue.

In: Economics

Explain in detail the impact of COVID-10 to SMEs and the initiatives of the government in...

Explain in detail the impact of COVID-10 to SMEs and the initiatives of the government in helping SMEs in MALAYSIA.

In: Economics

Consider an exchange economy. Is it possible to have a Pareto optimal allocation where one consumer...

Consider an exchange economy. Is it possible to have a Pareto optimal allocation where one consumer is worse off than she is at a different allocation that is not Pareto optimal? Explain.

In: Economics

Consider a firm producing two goods, good A and good B, by using a fixed amount...

Consider a firm producing two goods, good A and good B, by using a fixed amount of labor. The production possibilities set of the firm is given by Y = {(a,b) ∈ R2 + | a2 +4b2 ≤ 16}. Assume the price of A and the price of B are equal to $1. Solve the revenue maximizing level of outputs for the firm.

In: Economics

True or False: Of the major economies in the world, the United States had the highest...

True or False: Of the major economies in the world, the United States had the highest growth rate of real GDP per capita between 1982 and 2009.

・True

・False

Japan experienced average annual real GDP per capita growth of 2.0% between 1982 and 2009. Which of the following helped most to contribute to that growth?

・Redistributive policies designed to decrease poverty

・Privatization of previously nationalized industries

・Spending on research and development

In: Economics

When a person gets an influenza vaccine, he or she is less likely to get sick...

When a person gets an influenza vaccine, he or she is less likely to get sick with the flu. This makes it less likely for that person to pass the flu to someone else. Suppose that the external benefit created by the influenza vaccination is equal to $100 per dose.

(a) In a diagram, show the equilibrium in the influenza vaccine market. Also, show the quantity that would maximise social surplus. Is this equal to the perfectly competitive market equilibrium quantity? Fully explain your answer.

(b) Thanos suggests an alternative policy. He says that if the government puts a $100 per dose tax on the vaccine then this will maximise social surplus. Is he correct? If he is correct, show the social gain under his policy compared to the perfectly competitive equilibrium. If he is incorrect, show the deadweight loss under her policy. Note: Illustrate your answers using the diagram drawn for part (a).

In: Economics

“Social Cost-Benefit Analysis (SCBA) is an assessment method used to determine the economic prudence of a...

“Social Cost-Benefit Analysis (SCBA) is an assessment method used to determine the economic prudence of a project, programme, or policy to all relevant members of society”. Critically examine this statement. [50 marks]

In: Economics