Answer:
The total loss in welfare to the economy will be -$32.
Explanation:
By intersecting the supply function QS to the demand function QD, we will find the equilibrium price:
QD = QS
16P - 8 = 64 - 16P
16P + 16P = 64 +8 =
32P = 72
P = $2.00
Replacing the equilibrium price either in QS or QD, we foind the equilibrium quantity:
QS = 64 - 16*2 = 64 -32
QS = 32
In this case the total revenues at the equilibrium price RE will be:
RE = 32 * $2 = $64
On the other hand if the government imposes a price floor at $3.00, then the new total revenues RN will be:
RN = 32 * $3 = $96
Therefore the total losses is find by subtracting the revenue at the goverment price floor RN to the revenue at the equilibrium price RE:
LT = RE - RN
LT = $64 - $96 = -$32
Answer:
national security of the United States
Explanation:
In the case when the U.S firms, their foreign subsidiaries that have taken the license of United states to not sell the products to a country in which the considered thing is sale due to which it impact the united stated national security as these trade could be prevented because of the concern related to the national security
hence, the above is the correct option
Thus, the same is to be considered
Answer:
c. democratic
Explanation:
Democratic leadership can also be called participative leadership in this kind of leadership the leader deligates duties just like what Gary Downs did in other to find solution to a problem.
<u>According to peterson,</u><u> not the railroad </u><u>was the catalyst for the formation of the first truly </u><u>global trade network.</u>
Who started the galleon trade?
- After Augustinian friar and navigator Andrés de Urdaneta evolved the tornaviaje, or go back direction, from the Philippines to Mexico, the Spanish mounted the Manila galleon alternate direction in 1565.
- In that year, Urdaneta and Alonso de Arellano finished the primary a success spherical trip.
What element made the Philippines a middle for shipbuilding?
Indios have been a abundant supply of reasonably-priced exertions that might be abused. -Indians have been professional shipbuilders. -enough deliver of top-notch lumber.
Who constructed the primary deliver withinside the world?
- Among the earliest deliver builders have been the Egyptians. Egyptian vases and graves include the earliest depictions of boats ever discovered.
- These images, which date again at least 6000 years, depict long, slender boats.
- They used paddles to row and have been mainly made from papyrus reeds.
Learn more about galleon trade
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