The market for commodity X in a small open economy is given
by:
XD = 120 – 20PX
XS = 20PX
The current world price of X is $1. Analyze and calculate
the welfare effects of an import quota
of 20 units
Answers
The import quota would result in a reduction in the quantity of imported X, shifting the supply curve from XS to XS', where XS' = 20PX + 20.
The effect of the import quota would lead to an increase in the domestic price of X. As the quantity demanded (XD) remains unchanged, the higher domestic price would lead to a decrease in consumer surplus due to the higher cost of purchasing X. Additionally, there would be an increase in producer surplus as domestic producers benefit from the higher price of X.
The welfare effects of the import quota can be calculated by comparing the changes in consumer surplus and producer surplus. The decrease in consumer surplus represents the welfare loss due to higher prices, while the increase in producer surplus represents the welfare gain for domestic producers. The net welfare effect would depend on the magnitudes of these changes and the distribution of surplus between consumers and producers.
In a small open economy, imposing an import quota generally results in a net welfare loss, as consumers face higher prices and reduced access to a cheaper world market. However, the precise welfare effects would require specific numerical values for quantities and prices to make a more accurate assessment.
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Related Questions
How did speculation and margin buying cause stock prices to rise?
Answers
Speculation and margin buying cause stock prices to rise Because of margin buying, investors stood to lose large sums of money if the market turned down, or failed to advance quickly enough.
shares are a kind of safety that offers stockholders a share of ownership in a business enterprise. stocks are also called “equities. “An inventory is a well-known time period used to explain the ownership certificates of any organization. A percent, alternatively, refers to the inventory certificates of a particular enterprise. keeping a selected company's share makes you a shareholder. Description: shares are of kinds—common and desired.
Inventory is a type of investment in a company. organizations problem inventory shares to elevate money that allows you to finance operational dreams and to gasoline growth, and traders buy the one's inventory shares for the opportunity to generate a pass lower back on their investment. A percentage is an economic device that represents the aspect of ownership of an enterprise. A stock is a financial tool that represents element possession in one or greater establishments.
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Carrie is creating a personal balance sheet. The heading includes the period of time that the balance sheet represents. Which could be the header of Carrie's balance sheet?
Answers
Answer:
The answer is Carrie's Balance Sheet (January 2013)
Explanation:
It is titled Carrie's Balance sheet and it shows the date in the title, it is the only one with a specific month compared to a longer period of time.
Answer:Carrie’s Balance Sheet (January 1, 2021)
Explanation: Got it correct on edge.
PLZZZ HELLLPP
Which career field is likely to experience increased job openings and security over the
next few years? (10 points)
O Retail
O Nursing
O Government
O Manufacturing
Answers
Answer:
Nursing
Explanation:
I took the test and got it right
Explain the role of public relations in developing and maintaining a corporate image.
Answers
By overseeing communication and relationships between an organisation and its stakeholders, public relations plays a critical part in creating and sustaining a company image.
To influence the perception, reputation, and overall image of the business, strategic communication is used. To improve the public's view of the company, public relations experts take part in activities like media relations, crisis management, community involvement, and employee communications. Public relations contributes to the development of trust, credibility, and goodwill among stakeholders by clearly articulating the company's ideals, accomplishments, and social responsibility efforts. It helps build the company's brand, draw in clients, investors, and talent while minimising reputational hazards.
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Is a business plan a one time fee?
Answers
Answer:
i think so :)
Explanation:
a major factor in determining the rational expectation of inflation is
Answers
a major factor in determining the rational expectation of inflation is the public's perception of the future behavior of inflation based on available information and their understanding of the economic environment.
Rational expectations theory posits that individuals form expectations about future variables, such as inflation, based on all available information and their understanding of how the economy works.
Several factors can influence the rational expectation of inflation:
Past inflation: Individuals may consider past inflation rates when forming their expectations. If inflation has been consistently high in the past, they may expect it to continue at a similar rate.
Monetary policy: Expectations of future inflation can be influenced by the actions and statements of central banks regarding their monetary policy. If the central bank is perceived to be committed to keeping inflation low and stable, it can shape expectations accordingly.
Economic indicators: Individuals may consider economic indicators such as GDP growth, employment levels, and wage growth when forming expectations about future inflation. These indicators can provide insights into the overall state of the economy and its potential impact on inflation.
Government policies: Expectations can be influenced by government policies related to fiscal stimulus, taxation, and regulatory changes that may impact inflationary pressures.
External factors: Factors such as global economic trends, international trade policies, and commodity prices can also play a role in shaping expectations of inflation.
It is important to note that the rational expectation of inflation can vary among individuals and may not always accurately predict actual inflation outcomes. Nonetheless, it is a significant factor that economists and policymakers consider when analyzing inflation dynamics and formulating monetary and fiscal policies.
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An important financial institution that assists in the initial sale of securities in the primary market is the.
Answers
The tendency for managers to compare the performance of divisions within a company to each other using the same metrics regardless of each division's unique characteristics is known as _____ bias. a.surrogation b.division c.metrics dmon measures
Answers
Answer:
Metrics Bias.
Explanation:
Metrics is defined as a standard of measurement while bias can be explained to occur when there is lack of fairness in arriving at a decision.
Using the same metrics within a company to evaluate the performance of different divisions where each division has its own unique characteristics will not give a fair decision and due to metrics bias as the metrics used may tend to favor some divisions more than others.
What was one result of the Bretton Woods system?
A. The U.S. dollar became backed by gold for the first time.
B. The U.S. dollar was no longer accepted in most countries.
C. The U.S. dollar became more valuable and influential.
D. The U.S. dollar lost its status as the world's reserve currency.
Answers
One of the results of the Bretton woods system was that the U.S dollar became more valuable and influential.
What is Currency?Currency is a medium for exchange for goods and services. It is a form of legal tender approved by the government and accepted by all as a means of exchange.
The U.S dollar is a popular form of currency that is accepted by most countries as a form of exchange. After the Bretton Woods system was adopted, the U.S dollar became more influential and valuable to many.
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There are two basic areas of science:
and applied science.
A.mental
B.information
C.pure
Answers
Answer:
Basic science, such as understanding how cells work, is research aimed at understanding fundamental problems.
Applied science, such as the medical field, is the application of basic scientific knowledge to solve practical problems.
Applied science uses and applies information obtained through basic science.
Explanation:
So, option B is the correct
Information ℹ️
if+400,000+people+each+receive+an+average+refund+of+$2,450,+based+on+an+interest+rate+of+3%,+what+would+be+the+lost+annual+income+from+savings+on+those+refunds?
Answers
The lost annual income from savings on those refunds are $29,400,000.
If 400,000 people each receive an average refund of $2,450 at an interest rate of 3%, the total amount of refunds would be $980,000,000. The lost annual income from savings on those refunds would depend on the amount of money that would have been earned from the interest rate on those funds.
Assuming that the funds would have been saved for one year at the 3% interest rate, the lost annual income from savings would be approximately $29,400,000. This is calculated by multiplying the total amount of refunds by the interest rate of 3% and then dividing by 100.
Therefore, the lost annual income from savings on those refunds would be significant at $29,400,000. This highlights the importance of saving and investing money wisely to maximize the potential for earning income.
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Which of the following statements is correct regarding a tax return preparer's penalty for aiding and abetting the understatement of a tax liability?
a The penalty applies to a person who provides only clerical assistance.
b The penalty does not apply if another penalty is assessed with respect to the same action.
c The taxpayer must have knowledge of the action causing the penalty for the penalty to apply.
d The penalty applies to a return preparer who knows about and does not prevent the actions of a subordinate who understates the tax liability.
Answers
The correct penalty for assisting and abetting tax liability understatement by a tax return preparer is:
d) The penalty applies to a return preparer who knows about and does not stop a subordinate from understating the tax liability. For helping understate a tax liability, a tax return preparer might be penalized. When a return preparer knows of a subordinate's understatement of tax liabilities and fails to prevent or rectify it, this penalty applies. The penalty applies to more than clerical workers (statement a). Any return preparer who aids and abets tax understatement is eligible. The punishment can be assessed alone (statement b). Aiding and abetting tax understatement is a separate penalty. Statement c requires the return preparer, not the taxpayer, to know what caused the penalty. To be subject to this penalty, the return preparer must know of the subordinate's actions and fail to prevent or remedy the tax liability understatement.
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To cover the initial margin requirement of 60%, you deposited funds after short-selling 270 shares of common stock at $62 per share.
a. What is your rate of return if you cover at $67, assuming no dividends and no addition or removal of funds from the account? (Negative value should be indicated by a minus sign. Round your answer to 1 decimal place.)
Rate of return %
b. At what price would you receive a margin call if the minimum margin requirement is 30%? (Round your answer to 2 decimal places. Omit $ sign in your response.)
Price $
Answers
Yοu wοuld receive a margin call if the price per share drοps tο apprοximately $43.40.
Hοw tο calculate the rate οf return?Tο calculate the rate οf return, we need tο determine the initial value οf the shοrt pοsitiοn and the final value after cοvering the shοrt pοsitiοn.
a. Initial value οf the shοrt pοsitiοn:
Number οf shares shοrted = 270
Shοrt price per share = $62
Initial value = Number οf shares shοrted × Shοrt price per share = 270 × $62 = $16,740
Final value οf the shοrt pοsitiοn after cοvering:
Cοver price per share = $67
Final value = Number οf shares shοrted × Cοver price per share = 270 × $67 = $18,090
Rate οf return = (Final value - Initial value) / Initial value × 100%
Rate οf return = ($18,090 - $16,740) / $16,740 × 100%
Rate οf return ≈ $1,350 / $16,740 × 100%
Rate οf return ≈ 8.07%
Therefοre, the rate οf return, if yοu cοver at $67, is apprοximately 8.1%.
b. Margin call price:
Minimum margin requirement = 30% = 0.30
Equity = (1 - Margin requirement) × Value οf shοrt pοsitiοn
Equity = (1 - 0.30) × $16,740 = 0.70 × $16,740 = $11,718
Margin call price per share = Equity / Number οf shares shοrted
Margin call price per share = $11,718 / 270 ≈ $43.40
Therefοre, yοu wοuld receive a margin call if the price per share drοps tο apprοximately $43.40.
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I need help on this
Answers
Answer: fra
Explanation:
stephen's grandmother deposited $100 in an investment account for him when he was born, 25 years ago. the account is now worth $1,500. what was the average rate of return on the account? which of the following is a correct way to solve this problem using excel?
Answers
The average rate of return on the account is 7.4%.
According to the question, Stephen's grandmother deposited $100 in an investment account for him when he was born 25 years ago, and the account is now worth $1,500. We need to find the average rate of return on the account.
To calculate the average rate of return using Excel, we can use the following steps: Enter the initial investment in cell A1, which is $100Enter the ending value of the account in cell A2, which is $1,500.
In cell A3, enter the formula "=RATE(25,0,-100,1500)", where "25" is the number of years, "0" is the annual payment, "-100" is the initial investment, and "1500" is the ending value of the account. The result of this formula is the average rate of return, which is 7.4%.Therefore, the average rate of return on the account is 7.4%.
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Complete Answer:
Stephen's grandmother deposited $100 in an investment account for him when he was born, 25 years ago. The account is now worth $1,500. What was the average rate of return on the account? Which of the following is a correct way to solve this problem using EXCEL?
A) =PV(25,i,-100,1500)
B) =rate(25,0,100,1500)
C) =rate(25,0,-100,1500)
D) =rate(0,-100,1500,25)
What is an advantage of using a competency-based pay plan? Employees tend to work harder. Salaries are easy to calculate. Employees are rewarded for staying with the company. It is cheaper than other plans.
Answers
Answer:
Competency-based pay helps to tie your company's culture directly to the success of the company. Increased transparency: Employees will better understand what they have the potential to earn with a competency-based pay system and what skills they need to acquire to reach the pay they desire.
Employees are rewarded for staying with the company is an advantage of using a competency-based pay plan. The correct option is C.
What are the advantages of a competency-based approach to organization?By using a competency-based approach and taking into account historical competency data, it is possible to enhance job descriptions, find more suitable candidates, create better job descriptions, and even identify which employees to fire when things get tough. They can also assist in determining the most effective employee development program.
By directly linking your company's culture to its success, competency-based pay can help. Increased transparency: With a competency-based pay system, employees will have a better understanding of their earning potential and the skills they will need to develop to get the pay they want. By comparing the competency profiles of your employees to those needed for their jobs, competency-based assessment can help you spot areas where your staff needs to develop. The paths taken by your employees within the company can be visualized using this data to develop individualized development plans.
Thus, the ideal selection is option C.
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Which is the difference between an associate’s degree and a bachelor’s degree?
An associate’s degree is usually earned during secondary education, but a bachelor’s degree is usually earned during post-secondary education.
An associate’s degree is earned by completing on-the-job training, but a bachelor’s degree is earned before training begins.
An associate’s degree is earned in a college where a student studies many subjects at once, but a bachelor’s degree is earned in a career college.
An associate’s degree is earned by completing a two-year college education, but a bachelor’s degree is earned by completing four years of college.
Answers
Answer:
An associate degree is a 2-year process while a bachelor's degree 4 years in college.
Answer its A :)
Explanation:
An associate’s degree is usually earned during secondary education, but a bachelor’s degree is usually earned during post-secondary education.
hich practices are regulated by federal laws, in terms of a salesperson's ability to telephone potential customers?
Answers
The broad and permanent rules that the executive departments and agencies of the federal government publish in the Federal Register are codified in the Code of Federal Regulations (CFR).
The 50 titles indicate the major categories covered by federal regulation. The government controls company operations in five key areas: advertising, labour, the influence on the environment, privacy, and health and safety. A Federal Regulations is a list of requirements made by a federal government departments to implement a piece of legislation that Congress has approved. For instance, the Federal Reserve Board has produced regulations over the years to aid in the implementation of statutes like the Dodd-Frank Act.
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If you got a new job and moved to dale, indiana (population 1,500), you would expect to find two grocery stores. The market form is?
Answers
The market form that best describes this situation is a monopolistic competition. Monopolistic competition refers to a market structure characterized by a large number of sellers offering differentiated products.
The fact that they are differentiated suggests that each store offers its unique range of products, prices, and services to attract customers. In a monopolistic competition, firms have some control over the price of their products. They compete with each other based on product differentiation, brand loyalty, location, and other factors.
The presence of multiple sellers in Dale indicates that there is competition among the grocery stores to attract customers and gain market share. However, it is important to note that the size of the town's population, which is 1,500 in this case, might influence the level of competition and the variety of products available.
In smaller towns, the market may be less competitive compared to larger cities due to a smaller customer base. This could limit the range of products and services offered by the grocery stores. Overall, the situation in Dale, Indiana, with two grocery stores in a small town, aligns with the characteristics of a monopolistic competition market form.
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7. The most important part of the letter is B. Date A. The heading 8. Telephonic conversation is a C. Post script D. Body of the letter
Answers
Answer:
D. Body of the Letter
Explanation:
The body of the Letter or main text is premier and paramount part of a letter containing the essential information and message being illustrated by the author.
Which of the following is not a business component that can be or needs to be managed by enterprise software?
a. Accounting/finance
b. Customer Relationship Management
c. Human resources
d. Waste management
Answers
Waste management is not a business component that can be or needs to be managed by enterprise software.
Here correct answer is D)
Waste management is the practice of disposing of solid, liquid and hazardous wastes, including waste materials generated by human activities, in an environmentally responsible manner. It involves the identification, collection, transport, treatment, and disposal of wastes. While enterprise software can help to track and monitor the disposal of waste, it does not directly manage the disposal process itself.
Enterprise software can help to manage other business components such as accounting/finance, customer relationship management, and human resources, but waste management is typically handled separately. Waste management processes are managed by specialized software systems, such as waste management software, which is designed to handle the specific needs of the waste management industry.
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When you finish your budget, you should have:
A: money left over
B: more bills to pay
c: a zero balance
D: All of the choices
Answers
Answer:
Zero balance
Explanation:
Because you finished all your money.
Which of these is not a carpenter's job?
repairing partitions
O creating strong, decorative, concrete surfaces
installing cabinets
building door frames
Answers
Carpenters work with wood, so I think it should be B, since that doesn't include wood.
Oscar owns a meat processing plant whose unpleasant odors waft across the city. Because the production of processed meat provides a negative externality to the community, the government should: Group of answer choices impose a tax on Oscar's production of processed meat, since the market quantity is greater than the socially optimal quantity. subsidize Oscar's production of processed meat, since the market quantity is less than the socially optimal quantity. subsidize Oscar's production of processed meat, since the market quantity is greater than the socially optimal quantity. impose a tax on Oscar's production of processed meat, since the market quantity is less than the socially optimal quantity.
Answers
What is the risk you are taking when investing in bonds? How can you minimize this risk?
Answers
Answer:
Risk: The bonds you own will decline if interest rates rise, interest rate risk.
Minimalize:
- Don't buy bonds when interest rates are low or rising. Buy when stable.
- Stick to short term issues (3 - 5 years)
- Buy bond with different maturity dates
Explanation:
Good luck <3
Assume you borrow money to buy a new car at 10 percent interest, and you think that the economy-wide rate of inflation over the life of the loan will be 8 percent. If you are correct in your assumption, your real rate of interest on the car loan will be
Answers
Answer:
The answer is 2%
Explanation:
Have a wonderful day
Question Five AB Motors Limited is a company in the automotive industry specializing in servicing, mechanical and body repairs of motor vehicles. The company has been receiving a lot of customers as it continues to grow. As a result of this growth the company arranged with its bankers for a loan to finance its working capital needs. The loan is shown in the table below over a 12 year period. Year 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Loan (US$000) 62 1,012.5 920.5 309.5 457.5 234.5 63 29.5 853 1,444 1,728 1,7500
a) Use the appropriate graph to represent the above data. (3 marks)
b) Explain the graphical representation of the data. (2 marks)
MICROECONOMICS
Answers
The appropriate graph to represent the above data is a line graph.
A line graph is the appropriate graph to represent the given data of the loan taken by AB Motors Limited over the 12 year period. Line graph displays information as a series of points, or markers, connected by straight lines.
In this case, the years will be plotted on the horizontal axis (x-axis), and the loan (in US$000) will be plotted on the vertical axis (y-axis). Each year’s loan value will be plotted as a point on the graph, and the line is drawn by connecting each of these points.
This graph will show the trend of the loan taken by the company over time and the variation of the loan amount in different years.
The graph shows the trend of the loan amount taken by AB Motors Limited, which varied over the years, with the highest loan amount of US$17,500 being taken in 2021.
The graph represents the data of the loan taken by AB Motors Limited from the year 2010 to 2021, with the loan amount (in US$000) on the vertical axis and years on the horizontal axis.
The line graph shows the variation of the loan amount over the 12 year period. Initially, the loan amount was low, but it increased rapidly in the year 2011, then slightly decreased in 2012, and then again increased in the following years until it reached its peak in 2021, with a loan amount of US$17,500.
Thus, the graph shows that the company has been taking loans regularly to finance its working capital needs and the loan amount varied over the years.
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A data ________ is a data collection, smaller than the data warehouse that addresses the needs of a particular department or functional area of the business.
Answers
A data mart is a smaller-scale data collection than a data warehouse that caters to the requirements of a certain department or functional area of the company.
A data mart is a structure or access pattern used to retrieve client-facing data in data warehouse systems. Data marts are a subset of data warehouses and are often focused on one or more business units or teams.
Data marts contain information exclusive to one department, while data warehouses have a depth that spans the entire organisation. Depending on the deployment, each department or business unit may be regarded as the owner of its whole data mart, including all of the infrastructure, software, and data.
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What happens if you still have a balance on your credit card AFTER the company starts charging you interest?
A: The bank will make your interest payments for you
B: The bank will extend the 0% APR so you don't pay interest
C: The bank will offer you a 0% so they make no money off you
D: The bank will make money from the interest fees you pay
Answers
My reasoning is because banks will always make money of your interest and debt someway. This includes every bank in the world, it’s how banks can afford to stay open and hire employees.
Hope this helps have a nice day :)
Suppose a total of 2,500 students are allowed in the engineering programs at all of the colleges in a particular city. From the previous three years' record, it shows that the number of students who enroll in the entrance exam for the engineering program increases if there is an increase in the number of IT recruiters the previous year.This year there is a total of 3,200 students who have enrolled to take the entrance exam of which only up to 2,500 of those who passed would get in. Based on either the students' perspective or the college perspective, what combination of economic key concepts does the situation follow? A. Optimization and empiricism B. Equilibrium and empiricism C. Optimization and equilibrium D. Optimization, equilibrium, and empiricism
Answers
Answer:
D. Optimization, Equilibrium and Empiricism.
Explanation:
Economics is based on three key concepts which are Optimization, Equilibrium and Empiricism. Optimize is the first principle which means people will select best available option. Second important principle is that economy is always in a state of equilibrium which means if one gains the other also gets best available value. Third concept is that economists use data to make policies. The situation given in the scenario follows all the key concepts of economy.