Economics Answers

using the keynesian cross model, do unplanned changes in inventory are counted as investment spending by firms?

what is multi sector growth model

(Urgent) Assume that the price in autarky for a product is 50. The world price is 30 and at this price local supply is 100000 and local demand is 200000. The local government imposes a tariff of 5, increasing the price to 35. At this new price, local supply is 120000 and local demand is 170000. Provide numbers for the following with explanation.

a) Change in consumer surplus (calculated how)
b)Change in producer surplus (calculated how)
c) Change in total welfare (calculated how)
d) if for each 2000 units of local production 5 jobs are created how much does the creation of each job cost to society?
e) would results change if the local government chose a quota instead of tariff, how much would the equivalent quota be?
Please provide solution with explanation that how you calculated everything and with graph.

Chapter 4 Homework
28. Identify each of the following as involving either
demand or supply. Draw a circular flow diagram and
label the flows A through F. (Some choices can be on
both sides of the goods market.)

a. Households in the labor market Supply

b. Firms in the goods market Supply

c. Firms in the financial market Supply

d. Households in the goods market Demand

e. Firms in the labor market Demand

f. Households in the financial market demand

The comparison of Gross Domestic Product (GDP)between two countries and its reasons.Which is Japan and Indonesia, 2004-2014

"One reason for raising interest rates was the prospect of a refinancing issue: a $12 billion issue matures April 1, and the government is expected to seek some new money, in excess of its refinancing needs."

Why doesn't the government get the central bank to wait until after the refinancing before increasing interest rates, so as to minimize its interest costs?

The economic inefficiency of a monopolist can be measured by
A.
the number of consumers who are unable to purchase the product because of its high price.
B.
the poor quality of service offered by monopoly firms.
C.
the excess profit generated by monopoly firms.
D.
the deadweight loss.

A rightward shift in the supply curve will
A.
increase the equilibrium price and decrease the equilibrium quantity.
B.
decrease the equilibrium price and decrease the equilibrium quantity.
C.
increase the equilibrium price and increase the equilibrium quantity.
D.
decrease the equilibrium price and increase the equilibrium quantity.

In monopolistically competitive​ markets, economic losses
A.
are maintained through government imposed barriers to exit.
B.
signal some incumbent firms to exit the market.
C.
are never possible.
D.
signal new firms to enter the market.

Which of the following would increase the equilibrium price of​ sugar?
A.
less producers
B.
less buyers
C.
less consumer income​ (assuming sugar is​ normal)
D.
lower labor costs