Q: What is one way in which an individual citizen can influence the government?

A: Individual citizens can able to influence government through various ways.

Q: Using your own example explain how the macroeconomic objectives of a government might conflict.

A: Macroeconomic objectives might conflict For example if inflation is reduced unemployment would…

Q: Consider the economy of Pomistan, where citizens consume only apples. Assume that apples are priced…

A: Plan A In the case of 600 quantities, the marginal tax rate is 5% since the consumption is below…

Q: Which is wrong? EXPLAIN   a. The government should tax itself. b. The government can tax itself. c.…

A: In an economy, government is the highest ruling authority that runs the economy based on its…

Q: Discuss how policy variables, government spending and taxation, are used to influence economic…

A: A policy through which the government tends to adjusts its levels of spending and tax rates for…

Q: The government often helps those affected by a natural disaster by subsidizing reconstruction.…

A: A subsidy is a direct payment that is made by the government to an individual or a firm either in…

Q: Does the public's expectation of a policy influence its effectiveness?

A: Answer: Yes, the public expectations of a policy influence its effectiveness. People form their…

Q: Suppose the price of gasoline that drivers pay at the pump is $4 and stations pay a tax of $1 to the…

A: The drivers pay $4 at the pump and the stations pay $1 as a tax to the government. However, the…

Q: HOW DO INSTITUTIONAL AND GOVERNMENT MARKETS DIFFER FROM BUSINESS MARKETS?

A: Different type sof market have their different feature, which makes them unique and different from…

Q: 1. Please answer the following given questions. a. Discuss the three sources of home-country…

A: Foreign Direct Investment. It can be defined as the investment done by a company or individual from…

Q: 2. After tax, Dave will choose to work hours. 3. The tax rate on income is %. and Dave will pay $ in…

A: Two budget line shown in the graph the higher budget line shows the maximum wage David could earn…

Q: 7. Problems and Applications Q7 Congress and the president decide that the United States should…

A: When a tax is imposed on a good or service, it means that the government requires a certain amount…

Q: How can the important role of FDI be explained?

A: Foreign direct investment is an investment made by an investor in a business in foreign country. For…

Q: 8. Fredo loves watching Downtown Abbey on his local public TV station, but he never sends any money…

A: Here, it is given that an individual Fredo loves to watch Downtown Abbey on local public TV station,…

Q: What are normal goods? State any two examples? State any two features of the consumer protection act…

A: In simple words we can say that normal goods are those goods the demand for which generally…

Q: A tax policy analyst proposes that we should eliminate exemptions from taxes on food and medicine…

A: Taxation is a means of raising revenue to finance government expenditure. The sum of all receipts…

Q: "In South Africa, the tax on insulin is between 10 and 20 percent. If you are rich and living in…

A: Introduction this topic related to Insulin which is consumed by diabatic person's.

Q: Which concept in economics explains how the marginal benefit from an additional unit decreases as a…

A: Marginal benefit refers to an additional satisfaction which is derived from consuming one more unit…

Q: Analyze the role of the government with an exteranlity present

A: There are two types of externalities present: Positive externality Negative externality Positive…

Q: What is the concept of "market" according to Milton Friedman and what is the role of Goverment in…

A: The place where there is the purchase and sale of goods and services between buyers and sellers for…

Q: Discuss the role of market mechanism in economic

A: In economics, the problem of scarcity which is universal in nature is studied and addressed. Because…

Q: what would "Government taxes burger producers" be? what would "Price increases to $5 for…

A: Dear student, you have asked multiple sub-part questions in a single post.In such a case, as per the…

Q: Why do so few countries impose high tax rates on wealthy people and luury goods?

A: Taxes are the compulsory payments which are made by both buyers and sellers of a commodity for the…

Q: Price gouging is frowned upon by the government. Discuss why economists are not as worried about the…

A: Price gauging is all about the customers in creating the counting and at every level of the company,…

Q: How would such a tax affect the market for gasoline i.e. what is the new equilibrium?

A: A tax on buyers will impact the demand curve whereas a tax on sellers will impact the supply curve.

Q: How is wage suppression and reducing public payments such as pensions bad for the economy?

A: Aggregate Demand refers to the total demand for all the goods and services produced in an economy.…

Q: Which is more pro-poor between the benefit received theory and the ability to pay theory? Why?

A: Both, the "Benefits Received" theory and the "Ability to Pay" theory fall under the theme of…

Q: We have heard of "Rock the Vote" or even "Vote or Die." What these ad campaigns are attempting to do…

A: Answer- The ad campaigns are to do is reduce the amount of voter apathy. Economists call this…

Q: a. Suppose that the Scarceland economy is currently in recession, so that there is high level of…

A: Within the function, consumer PPC is limited and constrained. It illustrates a tradeoff between…

Q: Describe how government economic policies play a role in the economy? with details and sources?

A: Government policy plays important role in developing economic growth because every activity and…

Q: Without other policy counter-measures, a "carbon" tax on gasoline would be a O Progressive O…

A: Carbon tax refers to the tax imposed by regulatory authorities on the firms when there is carbon…

Q: economic populism?

A: Economics-It deals with the production, distribution, consumption of goods, and services.

Q: . How ao most states inance tneir capitai buaget? sales or excise taxes O income and property taxes…

A: . "Since you have asked multiple questions, we will solve first question for you .. If you want any…

Q: Does the economy work well on its own or does it require active government intervention? Does…

A: The interference of a government in the functioning of the economy or society through various…

Q: hy the government should spend money in education and health? Explain

A: Money and Education are interrelated.

Q: A firm that can sell as much as it can produce at the market price is likely operating in: A. a…

A: Industrial economics is the study and analysis of commercial challenges affecting enterprises…

Q: if the goverment places a $1 tax on each jar of applesauce purchased, why doesnt the price rise by a…

A: Tax on a good is a compulsory contribution mandated by the government which generates revenue for…

Q: 1) What is mandatory spending (non- discretionary)? 2) What is non-mandatory spending…

A: Spending refers to the act of transacting money in return for a good or service.