Economics Answers

Imagine that to preserve the traditional way of life in small fishing villages, a government decides to impose a price floor that will guarantee all fishermen a certain price for their catch, what will be the predicted outcome?

You are employed as an economic consultant to the regional planning office of a large metropolitan area. A recession has caused the hospitals in the city to consider raising prices. You know that the price elasticity of demand for hospital services equals -0.25, and the income elasticity of demand equals +0.45. Given this information, tell how the quantity demanded for services will change if:

what will be the average real income decreases by 10 percent?

why is it important to state the assets and liabilities at their correct accrual basis amounts at start of the accounting cycle

Yor are given the following information about an economy:
a. Gross private domestic investment =40
b. Goverment purchases of goods and services =30
c. Gross national product (GNP) =200
d. Current account balance =-20
e Taxes =60
f. Government transfer payment to the domesti private sector =25
g. Interest payments form the govment to the domestic private sector =15
h. (assume all intersest payments by the government goes to the domestic household)
i. Factor income received form the rest of the world =7
j. Factor payments made to rest or world =9
Find the following, assuming theat government investment is zero:
1. Consumption
2. GDP
3. Net factor payment from abroad
4. Net eport
5. Private saving
6. Government saving
7. National saving

How fish is non marketable good .It is marketed so how ?
How fiscal deficit is always greater than revenue deficit as fiscal deficit = revenue deficit + capital experenditure - capital receipts .so in case cap receipts are greater than cap exp the answer will come less than revenue deficit so how?plz answer this also .
Both fiscal and financial year starts on 1 April so how can they not be same ?

You are thinking about buying an insurance product with the following specifications: the offered insurance product requires you to make payments semi-annually of $50 and do so for the next 20 years (first payment six months from today.). if your required rate of return is 6% per year (i.e. effective), what amount of money should the insurance product offer to pay you at the end of 20 years.

Both fiscal and financial year starts on 1 April so how can they not be same
How fiscal deficit is always greater than revenue deficit as fiscal deficit = revenue deficit + capital experenditure - capital receipts .so in case cap receipts are greater than cap exp the answer will come less than revenue deficit so how?
What are some examples of non marketable goods .is fish an example of it but how ?
Why in case of no borrowings , fiscal deficit cannot be zero .as fiscal deficit= borrowings so why not ?

How to calculate deadweight loss for monopsony?

How to calculate economic incidence of tax for worker and employer? What is the formula?

Which choices will help you cut back expenses so that you can spend more money on promotions or advertising?