Elaborate on the Poor Laws and the Corn Laws as the historical setting that influenced his ideas by comparing Malthus’ perspective to Godwin’s and Condorcet’s. 2. Discuss further his Theory of Market Gluts and the policy implications of this theory.

Q: The last personal savings rate recorded by the Federal Reserve database was 2.4%. Assume your…

A: Following is the given information: Personal saving rate = 2.4% Average tax rate = 35% Government…

Q: 1. Consider a perfectly competitive market with a price of $12, where each firm has a cost function…

A: In microeconomics, long run equilibrium in perfect competition refers to a state where all firms in…

Q: Sam is rich and at this high income level, her demand for good X is independent of income and given…

A: Price Elasticity of demand measures the percentage change in the quantity demanded of good X due to…

Q: The following tables shows the output per workers per hour for computer chips and shirts in the…

A: Absolute Advantage, is an economic concept that refers to the ability to produce a certain good or…

Q: Carefully outline and discuss the Mundell-Fleming Model.

A: The Mundell-Fleming model is a theoretical framework that describes the relationship between…

Q: The CEO of a national computer manufacturing company, that produces computers and lighting equipment…

A: An entity that produces multiple commodities has productive efficiency when it is operating at the…

Q: Which was not one of the reasons of adopting nationalism for Mercantilist? Select one: a. To…

A: Mercantilist refers to the group of the individuals who believed that the economic growth can be…

Q: 5. Show why a $10 billion reduction in government purchases of goods and services will have a larger…

A: Aggregate Demand: Aggregate demand in an economy is the sum of private consumption expenditure (C),…

Q: A publishing company delivered textbooks worth $48,000 to a college bookstore. The invoice is dated…

A: Companies gives discount to the customers so that they pay cash payment and they pay early and this…

Q: In the medium run, if government purchases are increased and nominal money supply is decreased, we…

A: The nominal money supply refers to the total amount of money in circulation in an economy, including…

Q: How long will it take for an investment to double at a 3% per year? (a) simple interest rate (b)…

A: When talking about simple interest rate, it can be said that it is the return on investment based on…

Q: Disequilibrium in BOP due to a persistent deficit or surplus is called as Select one: a. Secular…

A: Introduction The balance of payments (BoP), commonly referred to as the balance of…

Q: During the year 2018, the following information was reported by the Serbia (Thousands USD): Exports…

A: Balance of payment  of a country is the difference between all money flowing into the country in a…

Q: Suppose the book-printing industry is competitive and begins in a long-run equilibrium. Then Hi-Tech…

A: In the short run, firms cannot enter or exit. This creates the possibility of earning supernormal…

Q: The diagram provides isoprofit and demand curves for a typical firm.

A: Isoprofit curve shows difference combinations of price and quantity that can generate same level of…

Q: Explain the first, second and third divisions of labor in the light of the Fordist and the Post…

A: The first, second, and third divisions of labor refer to different stages in the evolution of the…

Q: Five annual deposits of P2,300 were made at the beginning of each year in an account that pays 7%…

A: Given: Annual payment (PMT) = P2,300 Time (n) = 5 years Interest rate (i) = 7% compounding…

Q: How do you think globalization might have affected the economy over the past decade? O A. Globalism…

A: Globalization: It is a process through which the people of different nations integrate and interact.…

Q: The price elasticity of demand for personal computers is estimated to be −1.1. If the price of…

A: Price elasticity of demand is the relative change in quantity demanded caused by change in price.

Q: If Php 1,000 becomes Php 5,734 after 15 years, when invested at an unknown rate of interest…

A: The real interest rate that a borrower pays (or receives) on a loan or investment after taking into…

Q: The researcher always has the final word on whether and how long to retain any data collected during…

A: It depends on the specific context and regulations. In some cases, the researcher may have the final…

Q: If you offer to buy a car for $11.000 but you had meant to offer $10,000 (the list price was…

A: Pricing basically refers to the process of determining the value of a product or service and setting…

Q: Your cousin Vinnie owns a painting company with fixed costs of $200 and the following schedule for…

A: Total cost is a sum of fixed cost and variable cost. Fixed cost remains constant and does not depend…

Q: 7. If a firm practices first-degree price discrimination, the firm must: (a) have customers with…

A: Price discrimination is a pricing strategy where a firm charges different prices for the same…

Q: True/ False Globalization gives a boost to the international trade.

A: The exchange of products, services, and capital across international borders is referred to as…

Q: 1. Micky's auto mechanic shop has a daily total cost represented by: C = 98 + 2q + 2q². Shop's…

A: The AC is the average price of goods and services. At the point when we have numerous items to sell…

Q: ng graph, plot the demand for laundry detergent using the blue point (circle symbol). Next, plot the…

A: The demand curve depicts the inverse relationship between price and quantity demanded, keeping other…

Q: If consumption is 10, investment 5, government purchases 6, exports 8, and imports 7, what is GDP

A: GDP is the gross domestic product.  GDP is the sum of consumption, investment, government spending…

Q: Andrew is offered a job in Calgary where the CPI is 130 and a job in Toronto where the CPI is 180.…

A: The consumer price index (CPI) is a very popular measure of the general cost of products and…

Q: 15. Suppose you are hired by the MOH to study the determinants of child health. In addition to…

A: A dummy variable is a binary (0/1) variable used in statistical models to represent a categorical…

Q: Germany allows firms to choose the depreciation method(s) of: straight-line method…

A: Depreciation is the methodical distribution of an asset's cost that is over the course of its useful…

Q: You are considering investing $2,500 at an interest rate of 7.7% compounded annually for seven years…

A: Introduction Borrowers must pay lenders simple interest as a fee for a loan. Compound interest is…

Q: Which of the following is true about competitive firms? A firm with fixed/sunk costs receiving a…

A: Competitive market is the one with large number of sellers and buyers in the market with each seller…

Q: f) Given all the information above, which country has a comparative advantage in producing cars?…

A: Comparative advantage is when a country is able to produce a good at a lower opportunity cost as…

Q: . If you plan to invest EOY 2 $4000, then what would this be equivalent to EOY 4 years? Assume i =…

A: Present value is the value of investment in today's dollar.  Future value is the value of investment…

Q: Discuss the following concept- Political Economy Social Insurance Programs Utility Function TANF…

A: DISCLAIMER “Since you have asked multiple questions, we will solve the first three subparts for you.…

Q: Under a system of floating exchange rates, explain how a Caribbean government uses one (1) economic…

A: Under a system of floating exchange rates, a Caribbean government can use monetary policy to…

Q: Using “The Evolution of Economic Thought” book by Randy R. Grant and Stanley L. Brue as reference,…

A: Neoclassical economics is a school of economic thought that usually emerged in the late 19th and…

Q: The Ajax Corporation has the following set of projects available to it: Project A D B с D E F G…

A: The expected return is the gain or loss that an investor forecast on an investment that has known…

Q: Why is the average cost curve U-shaped?

A: The total cost curve shows the cost associated with every possible level of output, thus if we…

Q: Select one: O MRt Interest rate (r) % MRW O MRX MRy O MRZ 14 12 10 Inflation % 8 6 4 2 14 12 10 8 6…

A: IS curve: IS curve shows different combinations of interest rate and the income. Such that for each…

Q: Suppose Lan's utility function is U(x,y) = 76.1 x - 2.6 x² + y, her income is 1000 dollars the price…

A: A utility function is a mathematical representation of an individual's preferences over a set of…

Q: Q1)      Given the following economic identities: GDP = C+I+(X-M)……………………………...…………………………………………….…

A: a) Macroeconomic policy is defined as a set of federal government rules and guidelines adopted to…

Q: * Your answer is incorrect. If you invest $5,200 three years from now, how much will be in the…

A: Formula for future value is given as: F = P(1+r)t P : Principle amount F : Future valuer : per annum…

Q: Workers are mobile between cities. The utility function depends on the wage is u(w) = w¹/2 In…

A: We can assume cluster provides salary that makes indifferent between gamble and cluster. So the…

Q: Education is a non-health social determinant of health (SDOH).  A policy needs to be introduced to…

A: Education refers to the process of acquiring knowledge, skills, values, beliefs, and habits through…

Q: Hubert owns a plot of land in the desert that isn't worth much. One day, a giant meteorite falls on…

A: A market formation is characterized by one seller, selling a unique product in the market. In a…

Q: 3. Suppose that a consumer can earn a higher wage rate for working overtime. That is, for the first…

A: An individual can spend its time in either working, for which he/she earns a wage rate, or can…

Q: they share the market equally. Costs are given by (g) = 16g. Because of government regulation, firms…

A:

Q: An aspirin manufacturer has agreed to sell its product to two drugstore chains at a per unit price…

A: Given, An aspirin manufacturer has agreed to sell its product to two drugstore chains at a per unit…