Mark Zuckerberg of Facebook and Elon Musk of Space X have taken risks to build to their businesses and been successful at it. The fundamental premise for their success mostly hinges on the ownership of private property and free market forces. For billionaires like them who have made their wealth mostly based on their own effort and perseverance, would it be fair to impose high income tax on them to redistribute their wealth to help the poor?

Q: 6. The amount by which federal tax revenues exceed federal government expenditures during a…

A: Merely in easy words we can say that the government expenditure or what we call government spending…

Q: Climate change requires a large reduction of greenhouse gases (GHG) in the atmosphere. Use the…

A: They contribute to respiratory problems caused by smog and air pollution, as well as contributing to…

Q: In Camarillo, when the demand for electricians ___________ slower than does supply of electricians,…

A: In the labor market, any change in demand or supply of labor will have a significant impact on the…

Q: Adverse selection is the phenomenon where it is not possible to have a Pareto improvement, no matter…

A: Adverse selection is one of the reasons for market failure.

Q: explain the implications of the aspect you chose for public management? public financing and…

A: Public finance is the method of managing the public funds in the country’s economy that recreates…

Q: Problem 3. Firm 1, Firm 2 and Firm 3 are the only competitors in a market for a good. The price in…

A: Perfect competition is the type of market competition where there is no limit on the number of firms…

Q: What is the building block of all the mathematical models we considered and list its key properties.…

A: Building blocks of mathematics The Building Blocks in mathematics is a model based on algebra. It…

Q: 7. Which of the following is one of the Federal Reserve's two policy mandates? a) Increasing GDP b)…

A: In the United States, the Federal Reserve is the highest monetary authority with some responsibility…

Q: On 23 April 2022, the closing price of the May 2022 30-day interbank cash rate contract was 98.11.…

A: The overnight rate basically refers to the interest rate charged by depository institutions (such as…

Q: Should free agency change the allocation of players across team? Will this effect competitive…

A: Athletes at the zenith of their careers may utilize free agency to shop themselves around to…

Q: B. The installation cost of a machine is $10000 with estimated life of 10 years and selvage value of…

A: Installation Cost = 10000 Salvage Value = 2000 n = 10

Q: Let’s assume that in Camarillo the quantity demanded of iPad increases by 18% when income increases…

A: Income elasticity of demand measures the responsiveness of quantity demanded to change in income.…

Q: d. Consider the long-run impact on each of the economic variables listed above relative to their…

A: Economic variable both reacts differently depending upon whether we are talking about short run…

Q: How did you get P* and Q*? What is the solution?

A: Equilibrium in the market occurs at such a price where demand is equal to supply.

Q: Suppose the inflation premium is 2 percent and the nominal interest rate is 1 percent. Instructions:…

A: Real interest rate refers to the nominal interest rate which is adjusted for inflation. Nominal…

Q: The table below shows the demand and supply schedules for bleach. PRICE (per litre) QUANTITY…

A: NOTE: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question…

Q: Question 4 Suppose the short-run production function for a firm producing books is given by: (…

A: Given, Q=4L-0.4L2+2K PQ=10K=7.5W=15R=8

Q: Some economists and management scholars argue that statements such as "diversity is an economic…

A: Social responsibility and market forces should BOTH work to bring about a culturally diverse…

Q: 1. Corporate bond interest rates are a good measure of the interest rate facing firms planning…

A: Economic shocks and macroeconomic policy on income, real interest rates, and inflation may be…

Q: why raise in a minimum wage of a workers is better than raise of the minimum wage to 15$

A: In the United States, the federal minimum wage is a mere $7.25 per hour. For more than a decade,…

Q: age technology in the two-period model be f(k) = Ak", where A time utility function is v(C₁, C₂) =…

A: *Answer:

Q: Let’s assume that a severe hurricane destroys many shrimp farms along the Gulf Coast of Louisiana.…

A: Here, it is given that the impact of a severe hurricane led to destroy many shrimp farms in the Gulf…

Q: Short Answer 1. Two students are walking by a department store window that has on display a $400…

A: here we explain the logic of the given statement as follow:-

Q: With respect to your knowledge of the economic impact of the coronavirus outbreak, explain how the…

A: Aggregate supply is an economy's gross domestic product (GDP), the total amount a nation produces…

Q: Using supply and demand diagrams representing the market for loanable funds, show and explain the…

A: In financial matters, the loanable assets principle is a hypothesis of the market loan fee. As…

Q: 3. Monopolistic competition in the short run Consider a shop that produces muffins in a…

A: Monopolistic rivalry happens when an industry has many firms offering items that are comparative yet…

Q: If the government imposes an MC-pricing scheme on the natural monopolist, the government may need to…

A: In different types of market, cost and revenue functions are different based on market condition and…

Q: PRICE (Dollars per pair) 8 289 28 229 200 160 100 140 120 100 60 40 20 0 Demand Tax Wedge Supply 400…

A: Elasticity is a monetary idea used to quantify the adjustment of the total amount requested of a…

Q: 5) Use the table below to answer the following questions. Table 2 Taco Stans Pizza Sellers Firm Name…

A: The measure that depicts the way in which classification and differentiation of industries are done…

Q: Identify and describe the economic benefit of warehousing which may leverage H&M's sales.

A: A warehouse may be defined as a place utilized for the storage or assemblage of goods. The process…

Q: Which of the computational methods do we use to find the incremental IRR of the given projects and…

A: Year A B 0 -18000 -12000 1 5000 3600 2 5500 3800 3 3600 600 4 4300 1000 5 7300 8500

Q: Questions 6 & 7: A model for the Consumer Price Index (CPI) for the period July 2005 (t = 0) to…

A: Answer: (6). To find the inflation rate in November 2005 (t=4) the following formula will be used:…

Q: 1. Name 2 types of living accommodations that can be rented. 2. a) To be able to afford $800 in…

A: A payment given on a regular basis by a tenant to a landlord or owner in exchange for the possession…

Q: There are 100 workers in Pakistan, and each worker can produce either 10 shirts or 2 hats. There are…

A: The production-possibility curve in economics is a model that measures production efficiency based…

Q: Use the macroeconomic theories explained in the course to write a paper explaining how the Canadian…

A: The Bank of Canada is attempting to tackle the emergency of the pandemic by making credit affordable…

Q: Table 1: Items for GDP Calculation. Item Billions of Dollars 250 Government expenditure on goods and…

A: Unemployment refers to a situation whereby a person who is willing to work isn't able to find any…

Q: in your own words describe The three economic systems: Command, Market, and Mixed economy

A: Countries are classified on the basis of their economic system.  There are three economic systems,…

Q: If the interest rate for housing loan rise from 4% to 8%, but the expected rate of increase in…

A: * SOLUTION :-  Given that ,  the interest rate for housing loan rise from 4% to 8% the expected rate…

Q: Project A costs $35,000 initially, has a 4-year life and incurs $4,000 in annual year-end costs.…

A: The equivalent annualcost (EAC) is the yearly expense of purchasing, working, and keeping a resource…

Q: a)Draw the supply curve with the slopey our choice (individual or market demand). Choose a price…

A: "Supply curve for a commodity represents a positive relationship between price and quantity supplied…

Q: Explain fully why the AD curve has a negative slope.

A: Demand for a good is defined as the amount of that good that consumers are willing and able to buy…

Q: Discuss the Duopoly Model with Product Differentiation, explain the effects of Product…

A: Duopoly  Duopoly refers to the type of market in which there are only two producer firms in the…

Q: 3. Determined whether each statement is true or false and provided an explanation. A. If a firm has…

A: "Since you have asked a question with multiple sub-parts, we will solve first three sub-parts for…

Q: . Hakim works 40 hours per week and currently earns $10.25 per hour at his job. His supervisor tells…

A: given that, Hakims works 40 hours per week  earns $10.25 per hour

Q: A university spent $1.4 million to install solar panels atop a parking garage. These panels will…

A: The breakeven point for an exchange or not entirely set in stone by contrasting the market cost of…

Q: what are the Physical and technological factors of ethiopia: physical capital, infrastructure (roads…

A: Infrastructure's large and various potential effects on development emanate from certain…

Q: Suppose the marginal benefit of a unit of a certain non-renewable resource is given by MB-100- 3Q.…

A: Marginal benefit is usually described as the certain value of the additional benefits which is…

Q: January $3.10 $10.00 $6.00 February $3.20 $10.00 $6.50 march $3.10 $10.00 $7.00 The base year(month)…

A: Price index  Price index refers to the comparison of the price of the basket of goods of the open…

Q: A cost-minimizing firm that has only 1 type of input will have its marginal factor cost equal to its…

A: Cost minimization is a financial strategy aimed at achieving the most cost-effective method of…

Q: when a domestic investor buys a foreign asset, the financial account would rise, stay the same or…

A: When a domestic investor buys a foreign asset ,  the financial account status can be explained as…