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What is mean by The spillover effect?
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- What is the endowment effect?If the supply of petroleum were reduced by petroleum firms due to rising inventories, we can expect what?In a hypothetical country, the government introduces a new policy aimed at combating global warming. As part of this policy, they impose a carbon tax of $20 per ton of CO2 emissions on industries. Prior to the tax, the country's industrial sector emits 800,000 tons of CO2 annually. After the implementation of the tax, the industrial sector reduces its emissions to 600,000 tons of CO2 annually. Calculate the following: The reduction in CO2 emissions as a result of the carbon tax. The total revenue collected by the government from the carbon tax. If the government uses all the revenue collected from the carbon tax to subsidize renewable energy projects, and each project receives $25,000, how many projects can be funded with the total revenue? (Note: Assume no other external factors influencing CO2 emissions, and all calculations are based on the data provided.)
- If you were hired by President Rodrigo Roa Duterte to be his Economics Adviser, what is your sound recommendation to prevent online sexual exploitation.What is the reason why we use general equilibrium models in monetary economics?What is the best approach to managing the economy, supply-side or demand-side economics? There are two schools of thought on how to managing the economy. The first is demand-side economics which also the Keynesian approach. This approach maintains that the demand for products and services drives the economy as such economic policies should focus on the aggregate demand curve. The other approach is called supply-side economics or more popularly referred to as Reaganomics. In this trickle-down approach, it is postulated that the production of goods and services is what drives the economy with the focus on the aggregate supply curve. Both fiscal and monetary policies have the potential to stimulate change in either the aggregated demand or the aggregate supply curves. In your initial post defend which approach should be used to (ensure to include in your subject line, which approach you are defending): Restore the economy that is in a recession. Identify the challenges that may be…
- Please help solve fill in the blanks.In SpringbokVille pieces of paper called bucks are the only item that buyers give to sellers when they purchase goods and services, so it would be common to use, say, 300 bucks to buy a rugby jersey. Prices are posted in terms of bokkies, so you might walk into a supermarket and see that, today, a rugby ball is worth 40 bokkies. Bokkies decay overnight, so no bokkie has any value for more than 24 hours. In SpringbokVille 1. the bokkie fulfils the unit of account function, but it cannot serve as a store of value. II. bucks fulfil the medium of exchange and unit of account functions. Select one: O a. Statement I is correct. Ob Both statements I and II are incorrect. O c. Statement II is correct. Od Both statements I and II are correct.What is the outcome of the Stolper-Samuelson Theorem??? Account for lessons derived and offer appropriate policy recommendations.
- In 2020, the International Monetary Fund prescribed a carbon tax as the best way for governments around the world to meet their carbon emissions targets. A carbon tax is an economywide tax levied per tonne of carbon emitted by firms as a by-product of their production. Such a tax will likely increase business costs in the short run, especially for those firms whose production processes emit significant amounts of carbon. In the longer term, however, it is hoped that the tax will provide incentives for firms to invest in alternative production techniques that emit less carbon. Using the AD-AS framework, explain how the imposition of such a tax might impact inflation, economic activity and employment in the short run and the long run. Can you please please please show it in a graph the AD-AS framework its very important. Please have a through look and answer it.SEARCH ASK CHAT MATH SOLVER Question Assume there are two periods: today (0) and tomorrow (1) and that,after tomorrow the world comes to an end. Further assume there are 10 barrels of oilin the ground. Let the total benefits in each period be given as: B(qt) = 10qt−0.5qt2and the total cost of extracting the oil in each period be 2qt. If the discount rate is10%. Suppose that we use up all the oil in the ground over the two periods.(a) Find the net benefits in each period.(b) If a social planner wants choose a level of output q for periods t = 0and t = 1 so as to maximize the discounted sum of net social benefit over bothtime periods, what is the optimal allocation of output over the two periods?(c) Obtain the prices for the two periods, i.e., p0 and p1.(d) Find the royalty in each period. Show that, the discounted value of the royaltyin each period is the same and it is equal to the shadow price of oil (λ).(e) Verify the Hotelling rule (i.e., show that…What are 4 basic assumptions of neoclassical economics
