Other Economics Answers

Given the demand function Q_d = 40-2p and the supply function 2P-Q = 20. Assume the government impose at a tax of t per unit on quantity supplied and the producer adjust the supply function to include the tax.

a.      Find the tax rate which will maximize the tax revenue?

b.     Find the maximum revenue which can be obtained from taxation?

Explain whether each of the following government activities is motivated by a concern about equality or a concern about efficiency. In the case of efficiency, discuss the type of market failure involved.

A) regulating cable TV prices

B) providing some poor people with vouchers that can be used to buy food

C) prohibiting smoking in public places

D) breaking up Standard Oil (which once owned 90 percent of all oil refineries) into several smaller companies

E) imposing higher personal income tax rates on people with higher incomes

F) instituting laws against driving while intoxicated

A car is purchased on installment. The buyer makes a 200,000 down payment and owes a balance of 300,000 to be paid in 4 years. Find the car’s cash value if money is worth 7% compounded semiannually.

_________ have saved foreign exchange by way of import substitution.

Brief explanation of international trade

Explain global economy and politics

True or False: The three major forms of business ownership are (1) sole proprietorships,

(2) partnerships, and (3) co-operatives.

Question: Identify what happens to equilibrium price and quantity in each of the following cases:

a. Demand rises and supply is constant

b. Demand falls and supply is constant

c. Supply rises and demand is constant

d. Supply falls and demand is constant

e. Demand rises by the same amount that supply falls

f. Demand falls by the same amount that supply rises

g. Demand falls by less than supply rises

h. Demand rises by more than supply rises

i. Demand rises by less than supply rises

j. Demand falls by more than supply falls

How does state bank use interest rate to control economy?

An increase in taxation in the Keynesian model with a government sector …