All of the following statements about import tariffs are true except Group of answer choices they result in countries selling the product at a lower price to domestic consumers they reduce the volume of trade and the gains from trade they limit specialization and the division of labor they yield revenue for the government that levies tariffs

Q: Who pays the federal unemployment tax and the state unemployment tax

A: The State Unemployment Tax Act, or SUTA, refers to state-level taxes; however, the Federal Unemploym...

Q: $20.00 $22.00 4.20 Haircuts 2 $25.00 Hamburgers 10 4.00 4.50 DVDS 6 15.00 15.00 14.00 a. Calculate t...

A: A consumer price index is a price index, the price of a weighted average market basket of consumer g...

Q: he market demand for a product is Q = 2500 – 400P - 0.11, where P i ne price per unit of a product, ...

A: The marginal revenue refers to the change in the total revenue one additional unit of output is sold...

Q: Question 1 Consider a consumer with the following quasi-linear utility function U = x² +5y Assume th...

A: The total effects of the price change can be decomposed into a Substitution effect and Income effect...

Q: In words, Ay = B1AX, is defined as the marginal effect of: a. x on y is constant and is equal to BO....

A: Marginal effect measures the change in dependent variable due to change in independent variable.   

Q: ) Compute the GDP deflator in 2018. e) Compute the GDP deflator in 2019. f) What caused the increase...

A: d) GDP Deflator for 2018 = Nominal GDPReal GDP*100 Where nominal GDP is based on current prices whil...

Q: Which of the following were effects of the consolidation of power in Japan under the Tokugawa dynast...

A: Basics:- Following were the effects of the consolidation of power in Japan under the Tokugawa dynast...

Q: A local economy's market demand for drones is given by Q" = 24 - 4P while supply is given by Q° - 8P...

A: Conducting international trade implies involving in the export and import activities. The export and...

Q: 5. How can the high rate of return available in modern financial markets discourage businesses from ...

A: Introduction The hazard-go back tradeoff is a buying and selling law that combines extreme risk with...

Q: Describe what challenges and opportunities immigration presents to a country.

A: The process through which people come into a foreign country for living there or the number of peopl...

Q: Identify each of the following acts as representing either saving or investment. a. Lan uses some of...

A: An entity or organization that is being engaged in activities of professional, commercial, or indust...

Q: Afake economy has a trade deficit of 500. imports of 800 and national savings of 2000, Investment in...

A: Given information are  Trade deficit =500 Imports M=800 and National saving S=2000

Q: 1) You bought a home generator set by making a down payment of Php10,000 and monthly payments Php1,5...

A: Present value is the concept that states an amount of money today is worth more than that same amoun...

Q: Calculate the missing information in the table    Year Real GDP Nominal GDP GDP Deflator Price of...

A: The gross domestic product (GDP) is a standard measure of the value added created by the production ...

Q: Question 19 relies on the following information: Vendors L and R sell a homogenous output at prices ...

A: Introduction Values of two vendors L and R has given. Value of vendor L is V = 10 - PL - 4ti here t ...

Q: Suppose a monopoly firm with a constant marginal cost 10 faces an inverse linear demand function p =...

A: Monopoly is a single seller in the market producing unique good. This gives it market power to charg...

Q: Unemployment due to mechanization of agriculture i:

A: To find : What is unemployment due to mechanization of agriculture 

Q: Crop Insurance in the Philippines Only a few farmers are able to pay their loans every time their cr...

A: Crop Insurance Crop insurance is a sort of insurance that protects agricultural producers against th...

Q: What is the difference between income inequality and wealth inequality? Why does this matter?

A: Please find the answer below.

Q: Table 5.1 1 year 2 years 2.25% З years 3.25% 1.50% Table 5.1 shows the interest rates for Treasury s...

A: Bonds refers to the type of instrument that represents debt of a borrower to a lender. It is usually...

Q: Distinguish between nominal GDP and real GDP?

A: Generally, there are two types of GDP: 1. Nominal GDP 2. Real GDP

Q: News answer and why other options are incorrect.thank you!! In a flexible exchange rate regime, a r...

A: A decrease in foreign interest rate will attracts people towards domestic assest lead to increase th...

Q: he outcome is a Nash-Coumot equilibrium, why di rose less than the firma' costs in this oligopoly be...

A: An oligopoly is a market structure in which a small number of enterprises have a significant amount ...

Q: Suppose you are given the following information:  Q s = 100 + 3P Q d = 400 – 2P  where Qs is the qua...

A:

Q: Ms. Haleema offered to sell her house to a Trader for Rs. 2,150,000. Trader said that he would take ...

A: here we explain  whether Ms. Haleema is obliged to sell her house to that Trader as follow given bel...

Q: The following figure represents the situation before and after trade openness of a domestic country ...

A: Given the PPC for the home country, we can see that the production takes place where the value of pr...

Q: assume the following labor supply curves: 1. N = C + .64 W -2.33 I + 0.08 K 2. N = C + 1.33 W - .5...

A: Given labor supply function 1. N = C + .64 W -2.33 I + 0.08 K 2. N = C + 1.33 W - .59 I - .28 K 3. N...

Q: Engineering Economics: In Plant Design, one is required to compute for one time-independent and one...

A: Introduction its answer will be B) Because for better market analysis capitalized cost and payback p...

Q: Population of a city is 45000. The city grows continuously by 2.1% per year  . If this trend continu...

A: Initial population (P 0 )=45000 Rate of growth (r)=2.1% per year                          (r)=0.021 ...

Q: Suppose that a market is described by the following supply and demand equations: Qs = 2P, Qd = 300 P...

A:

Q: There are only two (equally-likely) states of nature in this economy: boom and bust, which are drive...

A: Equity beta is a measure of a stock’s systematic risk. It is estimated by comparing the sensitivity ...

Q: Consider a Hotelling model with two firms. Firm 0 being at point lo = 0 and firm 1 being at point l1...

A: According to question ,  Two firm are located at points (l1 & l2 ) such that (l1 = 0 ) & (l2...

Q: Consider the following demand function: U(X,Y) = X5Y5 Find the solution of the maximization problem.

A: The demand function shows the inverse relationship between two variables or components that are pric...

Q: .Consider a small, remote town with only one employer - a pulp and paper mill. Suppose there are cur...

A: As per the question, Initial number of workers= 600 workers Initial wage received by a worker= $5000...

Q: QUESTION 8 Consider the production function F(A,K) = A*In(K), where A = 3 is a constant. What is the...

A:

Q: In Billion of AED Gross domestic product 23,560 Goods produced in foreign countries with UAE. Capita...

A: The Gross Domestic Product (GDP) can be measured in multiple approaches, like:  The Product Approac...

Q: “ ANTHONY GUERRERO’S DILEMMA” When it comes to being a machinist, Anthony was a true craftsman....

A: The entrepreneurial characteristics of Anthony that may be important to his success 1. a sense of cu...

Q: . As output increases MC curve initially falls and then rises

A: To find : What happens when output increases. 

Q: The market for cookies is represented by the following supply and demand conditions: QD =1,000 – 200...

A: According to the guidelines solution is provided to the first 3 sub-parts: 1) According to the infor...

Q: Plot the above AD-AS curves on the (Y, T) diagram. Describe the slopes of both the AD curve and the ...

A: Economists generally agree that the rate of money growth is one determinant of an economy's inflatio...

Q: Suppose First National Bank holds $100 million in assets with an average duration of 4 years, and it...

A: The difference between assets and liabilities always gives net worth i.e Net worth = Assets - liabil...

Q: Suppose income increases by 2 percent and the quantity of airplane travel demanded increases by 6 pe...

A: INCOME ELASTICITY OF DEMAND IS THE REPONSIVENESS OF QUANTITY DEMANDED FOR A GOOD TO A CHANGE IN CONS...

Q: In a simple model without government spending or taxation, if C = a +bY where C is consumer spending...

A: Consumption Function is the function relationship between the spending of the consumer and the facto...

Q: AGRICULTURAL INSURANCE for a standard premium of one percent. Los ratios (indemnities divided by pre...

A: Agriculture insurance- Insurance is done to recover from the loss occur due to disaster which damage...

Q: - A market structure in which many firms sell products that are similar but not identical is known a...

A: To find : What is market structure in firm

Q: A credit union loaned out $50,000, part at an annual rate of 6% and the rest at an annual rate of 12...

A: Let y represent the loan amount loaned at interest rate 6% or 0.06 such that the remaining 50,000-y ...

Q: Consider the problem of an entrepreneur/borrower with no money and a project requiring L=200 to be c...

A: As per the question , Entrepreneur can work hard or shirk . Returns are same in both conditions but ...

Q: Identify principles of classical and neoclassical economics and summarize theirimplications for the ...

A: Classical political economics is another name for classical economics. Classical economics is a scho...

Q: a)  Compute the nominal GDP in 2018. b)  Compute the real GDP in 2018? c) Compute the nominal GDP in...

A: Given  2018 as the base year Nominal GDP = Current Year price * Current year quantity Real GDP = Pri...

Q: The first costs of an equipment is P 65,000 and a salvage value of P 3,000 at the end of its 6- year...

A: First cost of the equipment (FC) =P65000 Salvage value (S) =P 3000 Useful life (n) =6 years r=10% We...