Answer:
Factor immobility is a cause of market failure.
Explanation:
The free market fails to provide an efficient allocation of resources because of the geographical and occupational immobilities. Inequality. Factor immobility can lead to increased inequality.
The city of Chang'an can best be described as. a flourishing cultural and commercial center. the government in the song period was based on. the merit system.
Answer:
A total of $50 billion will be subtracted from the economy after the multiplier effect
Explanation:
Given:
MPC = 0.5
Taxes = $80 billion
First, we calculate the Multiplier
Multiplier = 1 ÷ (1 - MPC)
Multiplier = 1 ÷ (1 - 0.5)
Multiplier = 1 ÷ 0.5
Multiplier = 2
Since the initial tax is $80 billion and the multiplier is 2; this implies that
2 * $80billion
= $160 billion
Multiplier Effect = $160 billion - $80 billion
Multiplier Effect = $80 billion
