Homework Answers
Answer
Option 4
government interventions
The social securities and medicare are an example of government
interventions as these are important because of the market failures
without it.
Add Answer to:
Social Security and Medicare are examples of 1) capitalism O2) free market functions. 3) market failures....
Walter Williams: Capitalism vs. Socialism By Walter E. Williams | May 29, 2018 | 8:47 Response Required - Capitalism vs...
Walter Williams: Capitalism vs. Socialism By Walter E. Williams | May 29, 2018 | 8:47 Response Required - Capitalism vs Socialism Several recent polls, plus the popularity of Sen. Bernie Sanders, demonstrate that young people prefer socialism to free market capitalism. That, I believe, is a result of their ignorance and indoctrination during their school years, from kindergarten through college. For the most part, neither they nor many of their teachers and professors know what free market capitalism is. Free...
Worksheet 3 Macroeconomics Ch. 5 Market Failures 1. Externalities. A study finds that leaf blowers make...
Worksheet 3 Macroeconomics Ch. 5 Market Failures 1. Externalities. A study finds that leaf blowers make too much noise, so the government imposes a $10 tax on the same of every unit to correct for the social cost of the noise pollution. The tax completely internalizes the externality. Before the corrective tax, Blown Away Manufacturing regularly sold blowers for $100. After the tax is in place, the consumer price for leaf blowers is $105. a. Describe the impact of the...
1. Macroeconomies approaches the study of economics from the viewpoint of A) the entire economy B)...
1. Macroeconomies approaches the study of economics from the viewpoint of A) the entire economy B) governmental units. C) the operation of specific product and resource markets D) individual firms 2. Microeconomics is concerned with: the aggregate or total levels of income, employment, and output B) a detailed examination of individual economic units that make up the economic positive economics, but not normative economics. C) system. D) the establishin g of an overall view of the operation of the economic...
QUESTION 1 Warehouses have many functions. One of them is to: Reduce the response time on...
QUESTION 1 Warehouses have many functions. One of them is to: Reduce the response time on a customer's order. Reduce the inventory carrying costs of the company. Reduce duty rates for the company. Increase the response time to a customer's order. 1.25 points QUESTION 2 Warehouses can smooth out variations in: End-product sales (seasonality). Raw-material availability. Raw materials' price fluctuations. All of the above. 1.25 points QUESTION 3 When there can be potential disruptions in the supply chain,...
Question 2 of 10 10 Ο Points Toll-free roads sometimes get congested, such as during rush-hour...
Question 2 of 10 10 Ο Points Toll-free roads sometimes get congested, such as during rush-hour traffic. During those times, we would say that these roads are O A nonexcludable and rival O B excludable and rival O C excludable andnonrival O D nonexcludable and nonrival 10 0 Points Question 3 of 10 Jennifer buys a piece of costume jewelry for $33, for which she was willing to pay $42 The minimum acceptable price to the seller, Nathan, was $30...
1. Which of the following is not an example of a capital resource? the expertise of...
1. Which of the following is not an example of a capital resource? the expertise of a computer programmer a pitch fork a commercial sewing machine 100 acres of farmland in central California Consider the market for argyle socks. Suppose there is an unsuccessful ad campaign (staring Pee Wee Herman) that decreases the popularity of wearing argyle socks significantly. What effect will the decrease in popularity have on the equilibrium price and quantity of argyle socks, ceteris paribus? Price and...
1. Which of the following is most likely to result in a "free-rider" problem? Goods that...
1. Which of the following is most likely to result in a "free-rider" problem? Goods that are overpriced Goods that are nonexcludable Goods that are in limited supply Goods that are sold in monopoly markets 2. Which of the following is not a likely source of market failure? Asymmetric information Moral hazard Externalities Perfect competition 3. Which of the following categories most accurately describes the Social Security tax in the United States? Proportional Progressive Regressive Value-added tax 4. Which of...
1. TRUE/FALSE( 1 mark per question, 20 marks in total) [1) An economy's income is the...
1. TRUE/FALSE( 1 mark per question, 20 marks in total) [1) An economy's income is the same as its expenditure because every transaction has a buyer and a seller. 2) GDP is the market value of all final goods and services produced by a country's citizens in a given period of time. [3) If nominal GDP is $10,000 and real GDP is $8,000, then the GDP deflator is 125. 14) Other things equal, in countries with higher levels of real...
13) The cost the Almy type of market 7) The market is an example of A)...
13) The cost the Almy type of market 7) The market is an example of A) mattress: a monopoly B) com a perfectly competitive C) car insurance an oligopoly D) cell phone; a perfectly competitive 5) airplane manufacturing a monopolistically competitive 8) What is the difference between perfect competition and monopolistic competition? A) Perfect competition has a large number of small firms while monopolistic competition does not in monopolistic competition, firms produce identical goods, while in perfect competition, firms produce...
15. Causes of market failure include a. externalities and market power. (b) market power and incorrect...
15. Causes of market failure include a. externalities and market power. (b) market power and incorrect forecasts of consumer demand. c. externalities and foreign competition. d. incorrect forecasts of consumer demand and foreign competition. 16. Which of these consumption activities will most likely impose an external cost? a. An executive plays a vigorous game of golf. b. A student in a dorm plays her CDs at 120 decibels late at night. A young mother exercises to anaerobics video A construction...
Worksheet 3 Macroeconomics Ch. 5 Market Failures 1. Externalities. A study finds that leaf blowers make too much noise, so the government imposes a $10 tax on the same of every unit to correct for the social cost of the noise pollution. The tax completely internalizes the externality. Before the corrective tax, Blown Away Manufacturing regularly sold blowers for $100. After the tax is in place, the consumer price for leaf blowers is $105. a. Describe the impact of the...
1. Macroeconomies approaches the study of economics from the viewpoint of A) the entire economy B) governmental units. C) the operation of specific product and resource markets D) individual firms 2. Microeconomics is concerned with: the aggregate or total levels of income, employment, and output B) a detailed examination of individual economic units that make up the economic positive economics, but not normative economics. C) system. D) the establishin g of an overall view of the operation of the economic...
Question 2 of 10 10 Ο Points Toll-free roads sometimes get congested, such as during rush-hour traffic. During those times, we would say that these roads are O A nonexcludable and rival O B excludable and rival O C excludable andnonrival O D nonexcludable and nonrival 10 0 Points Question 3 of 10 Jennifer buys a piece of costume jewelry for $33, for which she was willing to pay $42 The minimum acceptable price to the seller, Nathan, was $30...
1. TRUE/FALSE( 1 mark per question, 20 marks in total) [1) An economy's income is the same as its expenditure because every transaction has a buyer and a seller. 2) GDP is the market value of all final goods and services produced by a country's citizens in a given period of time. [3) If nominal GDP is $10,000 and real GDP is $8,000, then the GDP deflator is 125. 14) Other things equal, in countries with higher levels of real...
13) The cost the Almy type of market 7) The market is an example of A) mattress: a monopoly B) com a perfectly competitive C) car insurance an oligopoly D) cell phone; a perfectly competitive 5) airplane manufacturing a monopolistically competitive 8) What is the difference between perfect competition and monopolistic competition? A) Perfect competition has a large number of small firms while monopolistic competition does not in monopolistic competition, firms produce identical goods, while in perfect competition, firms produce...
15. Causes of market failure include a. externalities and market power. (b) market power and incorrect forecasts of consumer demand. c. externalities and foreign competition. d. incorrect forecasts of consumer demand and foreign competition. 16. Which of these consumption activities will most likely impose an external cost? a. An executive plays a vigorous game of golf. b. A student in a dorm plays her CDs at 120 decibels late at night. A young mother exercises to anaerobics video A construction...
Most questions answered within 3 hours.
-
The denaturation of proteins can be described by the
equilibrium
F⇌U
where F and U represent...
asked 31 minutes ago -
Please answer what the maximum and minimum force is, and the
angle on the ion is...
asked 33 minutes ago -
implement a program that reads a number of rows and a symbol.
The program will draw...
asked 38 minutes ago -
Assume that when adults with smartphones are randomly selected,
45% use them in meetings or classes....
asked 42 minutes ago -
Determine the number of formula units of
Na2SO4 and moles of oxygen contained in 8.11
moles...
asked 52 minutes ago -
Explain in steps on the following code
What would be the output when executed
using System;...
asked 1 hour ago -
Given the information in the table, which of the following
statements is CORRECT?
Stock A
Stock...
asked 58 minutes ago -
Write MARIE assembly language programs that do the following:
Write a program that inputs an integer...
asked 1 hour ago -
Explain an understanding of services and protocols.
Explain the job of DNS.
Explain the three email...
asked 1 hour ago -
(As soon as possible) Balance each of the following equations
according to the half-reaction method:
H2O2(aq)...
asked 1 hour ago -
A thin rod with a mass of 3.5kg and a length L=1.5 m is oriented
horizontally....
asked 1 hour ago -
Inheritance pattern in BRCA 1
Describe the inheritance pattern of BRCA 1 Is it recessive or...
asked 1 hour ago