Write about Canada's Road and Rail transport system. Write similarities and differences between Canada and USA road and rail transport.

Q: Using the GDP Deflator calculate the average annual inflation rate that the U.S. experienced over th...

A: Inflation  is the consistent rise in the general price level over period of time .  And it helps to ...

Q: If a 10% increase in price leads to a 40% decrease in quantity demanded, what is the value of price ...

A:

Q: Can you help me with A and B

A: In layman's terms, demand refers to what a customer wants. Demand is defined as the amount of a cert...

Q: Suppose that Paolo and Sharon are the only suppliers of collectible action figures in a particular m...

A: Answer to the question is as follows:

Q: Consider two oligopolistic firms (Firm 1 and Firm 2) in a price-setting duopoly. Both firms have no ...

A:  profit maximization is the short run or long run process by which a firm may determine the price, i...

Q: In what ways is economics a science and why do economists make assumptions

A: Introduction: An economist is a professional and practitioner in the social science subject of econo...

Q: Problem 1A| According to the new classical investment model we have: MPK =(r + 8) (1) i. Derive the ...

A: Note: We’ll answer the first question since the exact one wasn’t specified. Please submit a new ques...

Q: vices 44,133 Primary income receipts 36,063 Imports of goods 132,484 Import of services 29,443 Prima...

A: Balance on goods = Exports of goods  – Imports = 107941 – 132484 = -24543 Balance of services = Expo...

Q: A large number of students took a departmental math test 6.5% of students scored  88 or more from th...

A:

Q: (a) Compare and contrast monopoly and perfect competition market structures in the Long-run. Click o...

A: The total number of buyers and sellers in a given area or region is referred to as a market. The are...

Q: 5. Real versus nominal GDP Consider a simple economy that produces two goods: cupcakes and envelopes...

A: Nominal GDP vs Real GDP   Considering that GDP is one of the most important metrics for assessing an...

Q: Consider the following data about U.S. real GDP for the George W. H. Bush (1989-1993) and Bill Clint...

A: In the given table, real GDP in two different adminstration is given from year 1989 to 2001, in whic...

Q: A small economy has 2 banks, Delta Bank (DB) and Omega Bank (OB). Both banks have to decide whether ...

A: Answer: Answer: (a). The payoff matrix of the game is given below: According to the above matrix, t...

Q: Do you think governments should consider human rights when granting preferential trading rights to c...

A: PTAs are treaties that remove trade barriers and establish standards for international trade between...

Q: Consider the following data about U.S. real GDP for the George W. H. Bush (1989-1993) and Bill Clint...

A: Annual growth rate (AGR) is the adjustment of the worth of estimation over the time of a year. The a...

Q: $50,000 on food and other consumption goods, $20,000 on vacations abroad, saved $10,000 in her retir...

A: In economic aspects, (GDP) is how much a spot produces in a measure of time. Gross domestic product ...

Q: Assume Tom is on budget constraint AC and the price of a hamburger is $4.00. Tom's monthly income is...

A: Here we calculate the income of Tom by using the given budget constraint and choose the correct opti...

Q: What amount of money invested today at 15% interest can provide the following scholarships: P30,000 ...

A: Money: Cash is a product acknowledged by broad assent as a vehicle of monetary trade. It is the medi...

Q: Tom wants to avoid any accidents on the work floor of his factory. If an accident does occur, it wou...

A: Given; Cost of damages= $500000 Initial probability of accident= 20% Decrease in occurring= 10% Equi...

Q: Analyze how and to what extent the American Revolution demonstrated total societal change across pol...

A: American revolution:  The settlement of Europe started in the American economy during 1500-1600, war...

Q: Explain what critical infrastructure is and why the government sees it as a critical component for e...

A: In economics, infrastructure refers to the fundamental facilities that support the functionality of ...

Q: Consider a country with a non-renewable resource. There are 150 units of the resource. Suppose there...

A: Total Amount of resource = 150  Discount rate = 10% Demand function : p = 200 - x           (where x...

Q: et deposited $12,000 in her savings account on June 15, 2018. The savings account earns her 2.50%. W...

A: here we calculate the balance of savings account by the following method as follow;

Q: What do economists mean when they say Social Security and Medicare are “pay-as-you-go” plans? What a...

A: DISCLAIMER  “Since you have asked multiple question, we will solve the first three subparts for you ...

Q: During the recession of 2008, Did the US Government take a page of the Keynesian Macro theory to hel...

A: Keynesian macro theory primarily identifies the role of government or government intervention in cas...

Q: Give an example of the price of a good changing.  Explain what determinant of supply or demand you t...

A: The price of a goods changes due to the change in the factors affecting demand as well as supply. Th...

Q: At the market equilibrium     (a) The quantity demanded is equal to quantity supplied     (b) The ...

A: Market is said to be in equilibrium when quantity demanded by consumers is equal to the quantity sup...

Q: a. Identify each of the variables and briefly explain the meaning of each one. b. From the above lis...

A: IS curve shows equilibrium in the market of goods and services. LM shows equilibrium in the asset ma...

Q: The gross domestic product (GDP) of the United States is defined as the _market value of v all final...

A: Gross domestic product is defined as the market value of final output generated within the economy.

Q: Clearly describe substitution effect and income effect for a fall in price for a normal good and an ...

A: Normal goods are defined as those goods which have a positive relationship with the income of the co...

Q: Think of an economy with a Malthusian demographic relationship, and with a production function of Y ...

A: The sum of all value-added in a given economy is known as the Gross Domestic Product (GDP). The valu...

Q: A market with significant barriers to entry and a single price-setting firm. A market with no barrie...

A: There are various market structures in the economy: perfect competition, monopoly, monopolistic comp...

Q: A sampling technique used to determine error rates in populations is: а. PPS sampling. b. Variables ...

A: As a rule, sampling errors can be set into four categories: population-specific error, determination...

Q: 4-19. In 2014, the average debt for college student loans is $32,300. This amount to a $300 monthly ...

A: Given: The loan amount is = $32,300 The monthly payment amount is = $300 Repayment loan period = 10 ...

Q: Denote by p the probability that player 1 plays U, and by q the probability that player 2 plays L. W...

A: Given:

Q: Production Possibilities Corn Rye (Bushels) (Bushels) 2,500 2,000 700 1,500 1,200 1,000 1,600 500 1,...

A: GIVEN   Production Possibilities Corn (Bushels)               Rye (Bushels)  2,500                  ...

Q: Consider the following Keynesian economy Desired consumption: c" -220 + 0.6(Y - T)-200r Desired inve...

A: Given: The consumption level is as: Cd = 220 + 0.6Y - T - 200r Desired investment: Id = 300 - 300r T...

Q: Which of the following is not one of the three types of Agreement that lack Consideration? Select on...

A: In layman's terms, considerations is the primary motivation for a party to enter into a legal agreem...

Q: Calculate nominal GDP three ways for the hypothetical economy below. Transaction Value of Transacti...

A: GDP is the total market value of goods and services produced domestically during the year. There are...

Q: Part 2: First Long Question There are two French bakeries in a small town: Le Meilleur Croissant (C)...

A: As the two bakeries are now in a Bertrand price competition , both Bakeries aim to capture major mar...

Q: An Alumna of Eastern Mediterranean University wanted to set up an endowment fund that would award sc...

A: Here we calculate the amount of alumna donate by calculating the capital cost , so the calculation o...

Q: Consider a repeated game with two players and two rounds. The stage game is shown below. Assume the ...

A: Answer -

Q: Palawan is an ideal place when it comes to Government Policy for the protection of the natural resou...

A: When infrastructure is good then it will help to generate income, by making roads, buildings, proper...

Q: The New York Times (Nov. 30, 1993) reported that "the inability of OPEC to agree last week to cut pr...

A: OPEC or Organisation of the Petroleum Exporting Countries is a cartel of Oil-producing nations which...

Q: The following diagram presents a circular-flow model of a simple economy. The outer set of arrows (s...

A: Circular flow shows how goods and services are sold to households and how labor and capital are boug...

Q: Question 6: (a) What is 'Business Cycle'? (b) What is the definition of: leading indicator, coincide...

A: (a) Business Cycle It is also called trade cycle or economic cycle, it describes the different stage...

Q: San Drew is observed that many people in his town craves for ice cream because of their weather, but...

A: (Since you have asked many questions, we will solve the first one for you. If you want any specific ...

Q: Current Account Value Exports of goods 107,941 Exports of services 44,133 Primary income receipts 36...

A: Below are the formulas: Current account = (Export - Import)+ Net Interest + Net transfersTrade Balan...

Q: 1. Characteristics of oligopoly An oligopolistic market structure is distinguished by several charac...

A: The phrase oligopoly comes from the Latin words 'olgoi', which means "few," and 'plé,' which means "...

Q: Suppose firms incur transportation costs to sell their product abroad. How do transportation costs a...

A: Transportation costs are the prices likely to be changed abroad and how to make up a larger share in...