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Andrej [43]
3 years ago
6

Suppose that Paolo, an economist from an AM talk radio program, and Sharon, an economist from a public television program, are a

rguing over government bailouts. The following dialogue shows an excerpt from their debate:
Valerie: Thanks to recent financial crises, the concept of bailouts is a hot topic for debate among everyone these days.

Shen: Indeed, it's gotten crazy! A government bailout of severely distressed financial firms is unnecessary because free markets will properly price assets.

Valerie: I don't know about that. Without a bailout of severely distressed financial firms, the economy will experience a deep recession.

The disagreement between these economists is most likely due to:

1) Differences in perception versus reality

2) Differences in scientific judgements

3) differences in values

Despite their differences, with which propositional two economists chosen at random most likely to agree?

1) Rent ceilings reduce the quality and quantity of available housing.

2) Immigrants receive more in government benefits than they contribute in taxes.

3) Having a single income tax rate would improve economic performance.
Business
1 answer:
just olya [345]3 years ago
7 0

Answer:

Question 1 is Differences in perception versus reality

Question 2 is Rent ceilings reduce the quality and quantity of available housing.

Explanation:

Question 1

Perception is a way of regarding, understanding, or interpreting something; a mental impression as result of pre-existing notions. Shen judgement was based on her knowledge of economics of free markets without taking into consideration of exceptions.

Reality on the other hand is the state of things as they actually exist, as opposed to an idealistic or notional idea of them. Shen with her economics knowledge understands that the situation on ground does not conform with what Valerie knows. This is because perception is inherently flexible and speculative while reality disrespects viewpoints and view angles and is inherently rigid and factual.

Question 2

Rent ceilings stimulate demand and this cause shortages. Where the ceiling is set, there is more demand than at the equilibrium price.

This leads to shortage of supply of rent housing. This is because investors and landlords will stop building new houses or apartments to satisfy existing or increasing quantity demand. This shortage of supply somehow will lead to search activity and invariably affect the quality and quantity of available housing.

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6. If the price elasticity of supply is 1.2, and a price increase led to a 5% increase in quantity supplied, then the price incr
PolarNik [594]

Answer:

Price increase is about 4.2%

Explanation:

Price Elasticity of Supply (PES) is a measure of the responsiveness of the quantity of a particular good/service supplied to a change in price.

The price elasticity of supply is mathematically the ratio of the percentage change in quantity supplied to the percentage change in price.

PES = \frac{\%\ change\ in\ quantity}{\%\ change\ in\ price} \\where\\PES= 1.2\\\% change\ in\ quantity = 5\%\\\%\ change\ in\ price = ???\\\therefore 1.2 = \frac{5}{\%\ change\ in\ price}\\ \%\ change\ in\ price = \frac{5}{1.2} \\\%\ change\ in\ price = 4.16\%

5 0
2 years ago
June 1 Beginning inventory 20 units at $19 $ 380 June 7 Purchases 70 units at $20 1,400 June 22 Purchases 10 units at $23 230 $2
Vadim26 [7]

Answer:

Option (d) is correct.

Explanation:

Given that,

June 1 Beginning inventory 20 units at $19 = $ 380

June 7 Purchases 70 units at $20 = 1,400

June 22 Purchases 10 units at $23 = $230

Cost of goods available for sale = $2,010

On June 30, units on hand = 30 units

Cost of Ending inventory:

= (20 units × $20) + (10 units × $23)

= $400 + $230

= $630

Total cost of goods sold:

= Cost of goods available for sale - Cost of Ending inventory

= $2,010 - $630

= $1,380

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QUESTION 6 / 10
Licemer1 [7]

Answer:

A: A work study program

7 0
3 years ago
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NEED HELP ASAP, WILL GIVE BRAINLIEST
adell [148]

Answer:

develop a plan

Explanation:

President Roslin of Country XYZ knows that a new policy is needed to help solve the problem of rising unemployment in her nation. Her next step is to develop a plan.

Ps:Can I be brainliest.thx

Have a nice day

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2 years ago
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A situation factor influencing the starbucks consumer would be:
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<span>Situation factors and situational influences that are temporary conditions that affect how buyers behave. From these factors depends if the customer will buy the product,buy several of will not buy it at all.
The situation factor can be social, physical, time...
Starbucks uses the physical situation factor : the location of its stores. Starbucks has always central position.</span>
3 0
3 years ago
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