Other Economics Answers

Universalists believe that human rights are universal and applicable to every member of

the human race. Should universal human rights be applied to cultures that reject them?

How do changes in culture and society influence the formation of an individual?

Our country experienced a shortage of alcohol and facial masks due to the COVID-

19 crisis. Explain this event/issue using the concepts of economic and political

practices.

Explain what is meant by a good being “excludable”. Explain what is meant by a

god being “rival in consumption”. Is a slice of pizza excludable? Is it rival in

consumption?

Consider two ways to protect your car from theft. The Club (a steering wheel lock)

makes it difficult for a car thief to take your car. Lojack (a tracking system) makes

it easier for the police to catch the car thief who has stolen it. Which of these

methods confers a negative externality on other car owners? Which confers a

positive externality? Do you think there are any policy implications of your

analysis?

Identify and explain the maritime transport service providers that form maritime transport chain.

The marginal cost function of a firm is 2 + 3e^x Find the

total and average cost functions if the fixed cost is Rs. 500.

Which of the following entities stores information that is an organization's intellectual property?

A. Neither Bill of Materials nor Job Operations List

B. Job Operations List

C. Bill of Materials

D. Both Bill of Materials and Job Operations List

Which of the following statements are true?

A. If a company sells digital assets, its revenue cycle still contains an inventory entity.

B. Intangible services (e.g., internet access fees) would be represented as a source entity. C. Information about assets that are rented would be stored in a resource entity.

D. All of these are correct.

If an insurance company needed to collect and maintain detailed information about each of a customer’s dependents, it could do so by

A. establishing a 1:1 relationship between the Dependents and the Customer entity.

B. establishing a 1:0 relationship between the Dependents and the Customer entity.

C. establishing a 1:N relationship between the Dependents and the Customer entity.

D. establishing a M:N relationship between the Dependents and the Customer entity.

In the market for tourist e-book guides, the aggregate demand and aggregate supply are given by the equations:

Qd= 2000 – 400P + 0.5I +150Pb

Qs= -516 + 300P – 60W

where Qd and Qs is quantity of tourist e-book guides demanded and supplied, Pis the price of a tourist e-book guide, I is household income, W is wage rate paid to tourist book guide laborers, and Pb is the price of a hardbound tourist bookguide. Assume I is Php 2,300, W is Php10, and Pb is Php 21.40. Determine the equilibrium price and quantity of tourist e-book guides in this local market. Show your solution.