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9966 [12]
3 years ago
8

Why do economists sometimes offer conflicting advice to policymakers?

Business
1 answer:
Alex Ar [27]3 years ago
8 0
<span>Economists can, oftentimes, have differing viewpoints about what a legislator should do based upon their worldview and their morals regarding certain situations. In addition, they might have political viewpoints that are more overarching than the specific economic situation that they are being asked to appraise, which can lead to advice that might go against the received wisdom about what should usually be done in those situations.</span>
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Nicolas maduro is the leader of what country, which is struggling with a major economic crisis that includes incredibly high inf
irga5000 [103]
Nicolas Maduro is the leader of Venezuela.
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3 years ago
A company reports inventory using the lower of cost and net realizable value. Below is information related to its year-end inven
Zinaida [17]

Answer:

Explanation:

a. The computation of the ending inventory is shown below:

Inventory Quantity Cost  NRV   LCM     Total inventory

 (1)                                                  (2)          (1 × 2)

Unit A         14         $38   $40    $38         $532  

 Unit B         22       $42   $39    $39        $858

 Unit C         16        $27   $31     $27        $432

 Unit D         19        $18    $17      $17         $323

Total                                                            $2,145

And total cost = Unit A × cost + Unit A × cost + Unit A × cost  + Unit A × cost

= 14 × $38 + 22 × $42 + 16 × $27 + 19 × $18

= $532 + $924 + $432 + $342

= $2,230

b. The journal entry is shown below:

Income summary A/c Dr $85 ($2,230 - $2,145)

  To Inventory A/c $85

(Being inventory is adjusted)

4 0
3 years ago
The​ Mini-Case "Pay-for-Delay​ Agreements" states that some incumbent producers of drugs with expiring patents paid potential ge
kherson [118]

Answer: charge a monopoly price

Explanation:

Patents provide an exclusive right to the firm in the production and sale of a drug. This provides the firm exclusive market power to decide the price and the quantity and therefore the firm is able to charge a monopoly price and also earn monopoly profits.

When an existing patent expires and the generic producers enter the market, the price reduces due to an increase in the supply of the erstwhile patented drug. This will reduce the monopoly profit of incumbent producers. Therefore, they will seek to deter the entry of generic drug makers in order to safeguard their monopoly profits and price.

Therefore, incumbents were willing to give enough to potential entrants so as to make them delay entry to charge a monopoly price.

The effect of the 2013 Supreme Court decision allowing legal action against these companies is increase in the cost of pay-for-delay agreements and also reduce incumbent profits from these agreements.

8 0
3 years ago
Evaluate the economic consequences of increasing progressive taxes in order to redistribute income (6)
Troyanec [42]

Answer:

Increasing progressive taxes in order to redistribute income may be seen as a fair and noble thing, but such measure may have several unintended consequences.

Explanation:

One consequence is that if taxes are raised too high on the highest earners, these people may simply leave the country for another one where taxes are lower. Wealthy people have the means to do so in the modern economy.

Another consequence would occurr if the taxes are raised too high on corporations. Corporations may either leave the country as well, or pass through the higher costs to the consumers.

All in all, progressive taxation is seen as a fair system by many economists, but it should be implemented with care, and by making cost/benefit analysis first.

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3 years ago
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tino4ka555 [31]
What is the question? Lol
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3 years ago
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