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uranmaximum [27]
3 years ago
9

Suppose an economist advises a city's mayor to begin charging drivers a fee to drive on a busy highway during congested times. T

he mayor does not implement the policy because it would not be popular with voters. Which of the following statements best describes the scenario?
a. This is a common occurrence. The policymaker knows the best policy but chooses not to institute it for other reasons.
b. This is a common occurrence. The policymaker usually disregards an economist's advice because they do not believe it is the most efficient policy.
c. This is an unlikely occurrence. Most of the time, policymakers follow the advice of economists and institute the most efficient policies.
d. This would never happen. Policymakers always follow the advice of economists.
Business
1 answer:
Kazeer [188]3 years ago
6 0

Answer:

The correct answer is the letter b. This is a common occurrence. The policymaker usually disregards an economist's advice because they do not believe it is the most efficient policy.

Explanation:

It is common for policymakers to disregard the advice of an economist. This is because in addition to their often finding that the policies suggested by economists are not the most efficient, they observe the political return of such action, ie not just efficiency, but the extent to which this policy will bring political benefits. Thus, as in this case, the policy is not implemented because it is not popular with voters.

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Requesting funds for working capital suggests that the business is not a solid investment
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If i am understanding the question correctly it is false.....but i am a week late soo either way i guess it doesnt matter xD
7 0
2 years ago
Read 2 more answers
Historically, a factory has been able to produce a very specialized nano-technology component with 35% reliability, i.e., 35% of
pochemuha

Answer:

Yes

Explanation:

From the given output

The  Probability of getting 13 or more passed

when the  reliability = 0.35. can be calculated as follows

=0.0258+0.0109+0.0039+.0012+0.0004 = 0.0422   ≈  4.2%

Since the probability is less than the  5% level we will therefore reject the Null hypothesis  

answer : YES

5 0
3 years ago
You decide to take $600 out of your piggy bank at home and place it in the bank. If the reserve requirement is 2 percent, how mu
Ostrovityanka [42]
To determine the increase in the amount of money in the economy brought about the $600 taken out of the piggy bank, we multiply $600 by the decimal equivalent of the percentage given. That is,
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Hence, your $600 will increase the amount of money in the economy by $12. 
3 0
2 years ago
Trout farming is a perfectly competitive industry and all trout farms have the same cost curves.
Diano4ka-milaya [45]

Answer:

(i) The farm can cover its revenue using its total variable cost, therefore the farm will continue producing 200 units

(ii)  The farm cannot cover its revenue using its total variable cost, therefore the farm will shut down

(iii)  The two relevant points on supply curve will be: (Price = $12 & Quantity = 0) and (Price = $25 & Quantity = 200)

Explanation:

(i)According to given data,  When output is 200 but price is $20, this price is equal to ATC, so the farm breaks even. But since this price is higher than AVC of $15, the farm can cover its revenue using its total variable cost, therefore the farm will continue producing 200 units.

(ii) When output is 200 but price is $12, this price is equal to ATC, so the farm makes economic loss. Also, this price is lower than AVC of $15, so the farm cannot cover its revenue using its total variable cost, therefore the farm will shut down.

(iii) The farm's supply curve is the portion of its Marginal cost (MC) curve above the minimum point of AVC. Since price equals MC, the two relevant points on supply curve will be: (Price = $12 & Quantity = 0) and (Price = $25 & Quantity = 200).

4 0
3 years ago
Wireless Solutions reports operating expenses of $855,000. Operating expenses include both rent expense and salaries expense. Pr
Elena L [17]

Answer:

$858,500

Explanation:

Cash paid for operating expenses = Operating expenses + Prepaid rent increase - Salaries payable increase

= $855,000 +$17,000 - $13,500

= $858,500

5 0
3 years ago
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