In American democracy, most citizens rarely dwell-or ever have to dwell, you could sa -on the minutiae of domestic public policy proposals or analysis of international concerns because they: O delegate decisions to representatives, who worry about sech matters instead. O are specialists, rather than generalists, as it concerms government or policy issues. O are less trusting of government now, according to surveys, and thus see no need to pay attention. O are less concemed with policy and issues than seeing their representatives share their ethnic and racial identification, or be of the same gender or reigion.
Q: In an election debate, two candidates for governorare debating about whether to raise the…
A: Restatement of the 1st candidate, say Candidate A: If we see Candidate A, he argues that if sales…
Q: 1. Why is there a political divergence in the citizen-candidate model as opposed to Downsian…
A: Answer - Thank you for submitting the questions. But, we are authorized to solve one question at a…
Q: The equation of demand is Q=10000-5p, supply is Q=-2000+10p Q represents the quantity of houses on…
A: The equilibrium price and quantity are obtained by putting quantity demand equal to quantity…
Q: (1) What are your emotional reactions to the termscapitalism and socialism? Explain why you feel…
A: Disclaimer: Since you have asked multiple questions, we will solve the first question for you. If…
Q: How do you see the actions of America's national government affecting your everyday life? What…
A: The national government can influence an individual's daily life in various ways. The following will…
Q: Suppose that you are an economic-policy advisor. Environmental groups are pressuring you toimplement…
A: Externalities: It is an important concept of the economics. It is basically the cost caused by the…
Q: Even though many school zones don’t have muchtraffic and aren’t regularly monitored by the policefor…
A: The common resource or property is nonexcludable and rivalrous because no one can be excluded from…
Q: e role of tax
A: The main purpose of taxation is that it finances the government expenditure . The most important use…
Q: Suppose that the government imposes a tax on heating oil. Would the deadweight loss of this tax…
A: In economics, inefficient allocation of resources tends to create deadweight losses which reduce the…
Q: Texas has chosen to not participate in which of the following parts of the Affordable Care Act? O a.…
A: 64. Before the Affordable Care Act, Texas had the highest uninsured rate in the country, and it…
Q: a. Give 3 case examples of how politics can serve as a remedy for conflicts. Give one example for…
A: This chapter is related to poltical economics chapter. Every Govt. faces tough decisions about the…
Q: Q: What approach did the government take regarding the econor nd business in the 1920's? elect one:
A: 1920s period was marked by the economic fluctuations throughout the world.
Q: D. If the tax in C induces 100% compliance (everyone votes), did this tax increase total surplus,…
A: D) Total surplus is the benefit that the society achieves in whole. The welfare of the consumers and…
Q: Looking at the scope of central planning in the Soviet Union post WW-II, between 1951 and 1960 the…
A: Russia was following the centralised system of economic planning where the central authority was…
Q: How does the Rwandan Geoncide illustrate how politics and prejudice can affect populations?
A: In Rwanda, a deliberate campaign of mass murder occurred over the span of around 100 days in…
Q: 2. Under what circumstances might U.S. public policy be made mostly in accordance with the wishes of…
A: When the whole public gets benefitted with the help of some policy then it can be considered under…
Q: What is the opportunity cost (in civilian output) of a defense buildup that raises military spending…
A: Opportunity or trade-off costs shows the potential betterment an investor or individual missed out…
Q: What is straight-ticket voting? How does this help candidates in down ballot races?
A: It allows a voter to choose a single political party's whole slate of candidates for every office on…
Q: Being a legislative in nature, the power to tax may not be delegated except a. To local governments…
A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: Both quotas and subsidies O a. benefit goverments only O b. benefit both consumers and local…
A: Quotas and subsidies are forms of trade barriers in international trade done by the governments,…
Q: When is the media's influence greatest on voters? Oa When voters are unfamiliar with the candidates…
A: The economies around the world are made up of various entities. These entities are in the form of…
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: 7. According to public choice theory, polices with concentrated benefits and diffused costa are most…
A: The public choice theory refers to the government action towards the improvement of social welfare.…
Q: istorically, as societies evolved, their economic systems also evolved with them, forthwith changing…
A: Economic systems: It is a component with the assistance of which the public authority designs and…
Q: Two reasons for a government to intevene in a market are to Select one: O a. raise revenues and to…
A: Market is a place where is goods are brought and sold for a exchange of money.
Q: One of the following statements is an example of a positive statement. Which one is it? O A. Vote…
A: The statement which is subjective and based on value judgements and assumptions. Providing any view,…
Q: Which of the following statement is true about tax? A. The burden shared by consumers and producers…
A: Answer: Correct option: option (D) Explanation: When a tax is levied either on the buyer or seller,…
Q: Consider the market for rubber bands,a. Lf this market has very elastic supply andvery inelastic…
A: Meaning of Price Elasticity of Demand: The price elasticity of demand refers to the situation…
Q: n what ways is a direct democracy more democratic than a representative democracy?
A: Direct democracy or unadulterated democracy may be a sort of democracy wherein the electorate…
Q: 4. Exxon-Mobil, Nike, and IBM are all examples of what type of political actors? A. State actors. B.…
A: "Since you have asked multiple questions, we will solve first question for you .. If you want any…
Q: The equation of demand is Q=10000-5p, supply is Q=-2000+10p Q represents the quantity of houses on…
A: The demand function is Q=10,000-5pThe supply function is Q=-2,000+10p The equilibrium rental price…
Q: Question 6 of 50 In which political system is the means of production controlled but not necessarily…
A: There are various political and economic systems which determine the ownership and control of…
Q: Winston S. Churchill said, “I contend that for a nation to try to tax itself into prosperity is like…
A: Hey champ, Welcome to this platform. Here you will get the answer with better quality in minimum…
Q: Suppose you are a typical person in the U.S. economy. You pay 4 percent of yourincome in a state…
A: Taxes are referred to as mandatory contributions which are levied on individuals or businesses by…
Q: Suppose the president is attempting to decide whether the federal government should spend more on…
A: Note: Since the first question is done I am answering the second question. Answer (2): B (whether…
Q: What are the powers that are given to the states by the 1Oth amendment called? * O Concurrent…
A: The 10th amendment of the US constitution is related to the division of power between the federal…
Q: 2. What are the limits on political society and government according to Locke, and what is the basis…
A: John Locke (1632–1704), a political philosopher, is recognised as one of the most influential…
Q: Global communications in the information age O 0. Connect populations living at distance from home…
A: The sharing and development of information through nonverbal and verbal messages in international…
Q: Question 59 Comparing San Francisco to Los Angeles and San Diego, which had the highest % voting for…
A: 59. Comparing San Francisco to los angeles and san diego we can conclude that the highest percentage…
Q: b. Suppose the tarmers spend $530,000 in thoir lobbying offorts but havo no offect on governmont…
A: The rent seeking activities tend to reduce the competition in the market and such activities create…
Q: Can democracy survive if a majority of the citizenry paylittle or nothing in taxes while benefiting…
A: Taxation is the process by which governments impose mandatory costs on individuals or businesses.…
Q: QUESTION 17 The policy problems are: OA Getting other governments to do likewise O B. Creating an…
A: "Since you have asked multiple questions, we will solve first question for you .. If you want any…
Q: Suppose the president is attempting to decide whether the federal government should spend more on…
A: In microeconomic, the chance cost of an action or choice is that the deficiency of serious worth or…
Q: Consider the following hypothetical income tax brackets for a married couple. Assume for simplicity…
A: Average tax rate is the total amount of tax divided by total income. Marginal tax rate is the rate…
Q: Discuss the need and benefits of imposing ecotax as a part of environmental government revenue…
A: Unites Arab Emirates is a country in the western part of Asia. It consists of 7 states and follows…
Q: Suppose a county has a classified property system where owner-occupied property is rated at 15%,…
A: a) Owner-occupied property=15% Farm property=10% All other property=20% Now, to reduce the tax…
Q: What are the components of a public policy model?
A: A political system under which forces are brought to bear on it from the environment that is…
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
- One way in which the Heckscher-Ohlin model differs from the Ricardian model of comparative advantage is by assuming that ...............is/are identical in all countries. O a. factor intensities O b. scale of production O c. opportunity costs O d. factor endowments O e. technology QUES Not J Mark Flaa) Suppose the two countries engage in international trade, and that the international relativeprice of good (T) is 3 tons of good (D). Can there be mutually beneficial international tradebetween the two countries? If so, which are the patterns of comparative advantage, ofproduction and consumption, of exports and imports between the two countries? What arethe gains from trade for each country? b)Who are mercantilists? What policies did they advocate and did the expect thes policies to be achieved? Explain the problem associeted with their policies. What is the ralationship between these policies and absolute advantage? Do you believe that these paolicies are currently being practiced and which country and how?
- Use the specific factor model to analyze a simplified version of a liberalization of trade betweenBrazil and Japan. Assume that there are two goods that people want to buy: coffee and cars. Assumethat there are three production factors: land, capital and labor. Land is specific to coffee, capital isspecific to cars and workers can work in both industries. Assume that, under autarky, coffee is cheaper in Brazil than in Japan. How does the price of coffeein Brazil change when Brazil opens up to international trade? Explain your answerA certain economy consibt ing of the two sectors of goods and servicessupports a defense system that consumes $90 billion wort h of goods and$20 billion worth of services from the economy but does not contributeto economic production. Suppose that 50 cents worth of goods and 20cents worth of services are required to produce $1 wort h of goods andthat 30 cents worth of goods and 60 cents worth of services are requiredto produce $1 wort h of services. ·what must the total output of theeconomic system be to support this defense system?A. Did you follow the still ongoing discussion about free trade in the recent election cycle? Do you thinkthat the USA is tending toward a mercantilist approach and likely to impose restrictions on foreign tradeover the next few years?B. Do you agree or disagree with Adam Smith that we are better off with some form of free trade, thanwould be the case if each country raised or lowered tariffs based on its own economic needs and politicalphilosophy? Provide a logical reason for your answer.Not at all Somewhat Completely1 2 3 4 5 6 7 8 9 10C. Thomas Freedman made the following statement in the “World is Flat”. He maintains that technologymakes it possible to compete with, or collaborate with anyone, anywhere in the world. Globalization, heargued is both inevitable and desirable. The winners says Freedman, will be the countries andcompanies that can respond quickly to change and that the loser will be those who are slow to do so.“Whatever our political and philosophical points of view we…
- This question pertains to the addendum to Chapter 2. Thefollowing tables show the production possibilities for twohypothetical countries, Italia and Nire. Which country has thecomparative advantage in producing butter? Which country hasthe comparative advantage in producing guns? What would be amutually agreeable rate of exchange between the countries?Imagine a scenic canyon, visited by many local people as well as tourists from beyondthe local area. Consider a scenario in which a mining company has proposed to the localauthority that it be closed to the public and put into the production of coal. Thinking interms of economics as a way of adjudicating the relative value of one use of the canyon overthe other, what would you need to know in order to make a comparison or assessment?What kinds of quantitative data would inform your decision, and where might they comefrom? What kinds of things might you need to know that are hard to measure? Once youhave listed the kinds of information and data that might be available to inform this decision, do you think it would be sufficient to making this decision, why or why not?suppose you ar etrying to determine the aftereffects of hurricane Katrina on the economy of Louisiana. Which assumptions could be made to simplify the study? Note that not all statements may be placed. 1. consider the effects on all of Louisiana's interstate trade partnters 2. focus on just the crawfish-and catfish-farming industries in Louisiana 3. determin the effects while holding the infrastructure and factors of production constant 4. track the total net worth of the output produced by the state prior to the hurrican and after the hurricane 5. compare the change in prices for all goods
- 3. Country A currently imports solar panels at $30,000 each. The government is using only 10 percent of the program as domestic content, exporting clean energy to neigh- boring countries. Country B imports also solar panels at $25,000 each, but uses 70 percent of the program as domestic content. If both countries produced solar panels home, the costs would have reached $25,000 for country A and $20,000 for country B, but there would have been an initial shakedown period during which solar panels would cost $35,000 for country A to produce and $40,000 for country B to produce. a. Suppose each country must go through a shakedown period of high costs on its own, before accessing any financial support from abroad. Under what circumstances would the existence of the initial high costs justify infant industry protection? b. Now suppose that both countries bring infant industry argument for protect- ing this industry. Explain which country will be successful in preserving this argument and…How is the New Deal similar or different from the current government's approach to the economic problems created by COVID?The Ricardian theory of Comparative advantage relates to O Intermediate Outcome Short-run Outcome All the above O Long-run Outcome