Homework Answers
If government spends higher in productive investment like infrastructure or grants to farmers and small businesses, it is good for the economy. However, if there is higher budget deficit, it leads to increase in taxes,fall in exports and GDP etc. Thus, other than investment area, it is bad for the economy. Hence, option c is correct.
Reduction in income tax rates increases disposable income and consumption thereby increasing aggregate demand. Thus, option b is correct.
One of the major problem with mass democracy is the wastage of resources in voting. Hence, option c is correct.
Regulatory capture means that the regulations are made in favor of the industry, i.e, it is influenced by industry owners. Hence, option a is correct.
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DQuestion 1 2 pts Usually a government budget deficit is good, as it stimulates the economy....
substitutes. DQuestion 46 2 pts If a tax is imposed on a good with equally elastic...
substitutes. DQuestion 46 2 pts If a tax is imposed on a good with equally elastic supply and demand, the burden of the tax will be borne O by producers alone. y by producers but partially by consumers O mostly by consumers but partially by producers. O by consumers alone. O by consumers and producers equally. D Question 47 2 pts When demand is perfectly elastic, the demand curve is
DQuestion 1 2 pts The dynamic laws of supply and demand tell us that: prices have...
DQuestion 1 2 pts The dynamic laws of supply and demand tell us that: prices have a natural tendency to rise or increase even when the quantity supplied equals the quantities demanded. excess demand leads to a tendency of prices to fall or decrease. the greater the excess supply, the greater the tendency of prices to fall or decrease. excess supply leads to a tendency of prices to rise or increase. D Question 2 2 pts Simple Supply and Demand...
DQuestion 36 2 pts The following table shows the number of U.S. dollars required to buy...
DQuestion 36 2 pts The following table shows the number of U.S. dollars required to buy one British pound and the number of U.S. dollars required to buy one euro between February 1, 2016, and September 1, 2016: U.S. Dollars Required U.S. Dollars to Buy 1 British Pound 1.429 Required to Buy 1 Euro 1.1092 Date February 1, 2016 March 1, 2016 1.425 April 1, 2016 1.432 May 1, 20161.452 June 1, 2016 1.420 July 1, 20161.313 August 1, 2016...
2 pts The government can assist in reducing the level of structural unemployment by O providing...
2 pts The government can assist in reducing the level of structural unemployment by O providing unemployment benefits. O establishing government regulations on hiring employees. subsidizing the relocation of workers who lose their jobs. O instituting a minimum-wage law incentivizing companies to move their production overseas. Quiz saved at 6:47pm Submit Quiz 15 MacBook Air D Question 6 2 pts Imagine you find yourself in a heat wave and your air conditioner has broken. Unable to find a new one...
Question 1 A subsidy of $10 to consumers of a product increases efficiency since there is more trade occuring wil...
Question 1 A subsidy of $10 to consumers of a product increases efficiency since there is more trade occuring will decrease what a consumer pays by $10 still decreases efficiency since the marginal cost to some suppliers is highe than the marginal benefit to some consumers will reduce the quantity sold in the market Question 2 1 pts The difference between a wage subsidy and a minimum wage is that a subsidy decreases quantity whereas a minimim wage increases it...
D Question 3 1 pts Samsung Electronics has three business segments: consumer electronics (CE), information technology...
D Question 3 1 pts Samsung Electronics has three business segments: consumer electronics (CE), information technology and mobile communications (IM), and device solutions (DS). In 2015, the CE IM, and DS segments accounted for 25%, 48%, 27% of total revenues, respectively. Consumer electronics and mobile communications divisions share a number of intangible capabilities (e.g, know-how and expertise) in product design and development. It can be concluded that Samsung Electronics is pursuing ain) strategy. O dominant business O single business O...
2019 Audit of Beta Industries: Summary Information Assume you are an audit manager, today is May...
2019 Audit of Beta Industries: Summary
Information
Assume you are an audit manager, today is May 15, 2019, and your
public accounting firm is currently planning the 2019 financial
statement audit of Beta Home Goods, a retailer in the home goods
and supply industry. Beta is a public company with a 12/31
year-end, and a new client for your firm. The audit partner has
asked you to help plan the audit for this new client using the
following information obtained...
Chapter overview 1. Reasons for international trade Resources reasons Economic reasons Other reasons 2. Difference between...
Chapter overview 1. Reasons for international trade Resources reasons Economic reasons Other reasons 2. Difference between international trade and domestic trade More complex context More difficult and risky Higher management skills required 3. Basic concept s relating to international trade Visible trade & invisible trade Favorable trade & unfavorable trade General trade system & special trade system Volume of international trade & quantum of international trade Commodity composition of international trade Geographical composition of international trade Degree / ratio of...
lil Quantity ultimately decreases [Q'to Q'l (i] Price is ultimately indeterminate [P ?: the...
lil Quantity ultimately decreases [Q'to Q'l (i] Price is ultimately indeterminate [P ?: the magnitude of the curve shifts determine whether price increases, decreases, or remains the same-while the diagram illustrates "equal" curve shifts, the context of the question provides insufficient information to determine the actual shift magnitudes]. la] Lumber market in North America "New house construction slows significantly in the United States. At the same time, changes in international trade agreements result in greater lumber imports into North America."...
Questions 1. 20-3. Identify the key advantage of each of the six candidates. Identify their key...
Questions 1. 20-3. Identify the key advantage of each of the six candidates. Identify their key limitation. Rank- order the candidates, from the most to least qualified, for the position of Managing Director of TCT India. 2. 20-4. What operational and personal challenges might the person you recommend encounter if named managing director? 3. 20-5. What steps would you recommend your preferred candidate take to manage those challenges? 4. 20-6. What are the pros and cons of posting a foreign...
substitutes. DQuestion 46 2 pts If a tax is imposed on a good with equally elastic supply and demand, the burden of the tax will be borne O by producers alone. y by producers but partially by consumers O mostly by consumers but partially by producers. O by consumers alone. O by consumers and producers equally. D Question 47 2 pts When demand is perfectly elastic, the demand curve is
DQuestion 1 2 pts The dynamic laws of supply and demand tell us that: prices have a natural tendency to rise or increase even when the quantity supplied equals the quantities demanded. excess demand leads to a tendency of prices to fall or decrease. the greater the excess supply, the greater the tendency of prices to fall or decrease. excess supply leads to a tendency of prices to rise or increase. D Question 2 2 pts Simple Supply and Demand...
DQuestion 36 2 pts The following table shows the number of U.S. dollars required to buy one British pound and the number of U.S. dollars required to buy one euro between February 1, 2016, and September 1, 2016: U.S. Dollars Required U.S. Dollars to Buy 1 British Pound 1.429 Required to Buy 1 Euro 1.1092 Date February 1, 2016 March 1, 2016 1.425 April 1, 2016 1.432 May 1, 20161.452 June 1, 2016 1.420 July 1, 20161.313 August 1, 2016...
2 pts The government can assist in reducing the level of structural unemployment by O providing unemployment benefits. O establishing government regulations on hiring employees. subsidizing the relocation of workers who lose their jobs. O instituting a minimum-wage law incentivizing companies to move their production overseas. Quiz saved at 6:47pm Submit Quiz 15 MacBook Air D Question 6 2 pts Imagine you find yourself in a heat wave and your air conditioner has broken. Unable to find a new one...
Question 1 A subsidy of $10 to consumers of a product increases efficiency since there is more trade occuring will decrease what a consumer pays by $10 still decreases efficiency since the marginal cost to some suppliers is highe than the marginal benefit to some consumers will reduce the quantity sold in the market Question 2 1 pts The difference between a wage subsidy and a minimum wage is that a subsidy decreases quantity whereas a minimim wage increases it...
D Question 3 1 pts Samsung Electronics has three business segments: consumer electronics (CE), information technology and mobile communications (IM), and device solutions (DS). In 2015, the CE IM, and DS segments accounted for 25%, 48%, 27% of total revenues, respectively. Consumer electronics and mobile communications divisions share a number of intangible capabilities (e.g, know-how and expertise) in product design and development. It can be concluded that Samsung Electronics is pursuing ain) strategy. O dominant business O single business O...
2019 Audit of Beta Industries: Summary
Information
Assume you are an audit manager, today is May 15, 2019, and your
public accounting firm is currently planning the 2019 financial
statement audit of Beta Home Goods, a retailer in the home goods
and supply industry. Beta is a public company with a 12/31
year-end, and a new client for your firm. The audit partner has
asked you to help plan the audit for this new client using the
following information obtained...
lil Quantity ultimately decreases [Q'to Q'l (i] Price is ultimately indeterminate [P ?: the magnitude of the curve shifts determine whether price increases, decreases, or remains the same-while the diagram illustrates "equal" curve shifts, the context of the question provides insufficient information to determine the actual shift magnitudes]. la] Lumber market in North America "New house construction slows significantly in the United States. At the same time, changes in international trade agreements result in greater lumber imports into North America."...
Questions 1. 20-3. Identify the key advantage of each of the six candidates. Identify their key limitation. Rank- order the candidates, from the most to least qualified, for the position of Managing Director of TCT India. 2. 20-4. What operational and personal challenges might the person you recommend encounter if named managing director? 3. 20-5. What steps would you recommend your preferred candidate take to manage those challenges? 4. 20-6. What are the pros and cons of posting a foreign...
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