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Hi, Can someone please help with these economic questions asap? I need help please, thank you! Question 1 Which of the following are examples of
Hi,
Can someone please help with these economic questions asap?
I need help please, thank you!
Question 1 Which of the following are examples of predistribution policy? Not yet saved i. compulsory early childhood education Marked out of 1.00 ii. income tax Flag iii. financial support for low-income households question iv. legislation that aims to eliminate discrimination based on gender, ethnicity/race and sexual orientation O a. i, ii and iv O b. i and iv O c. i and ii O d. ii, iii and iv O e. ii and iiiQuestion 2 N t t d The diagram below shows i) the average free time and consumption per day in five different countries in 2013, and ii) budget constraints based on their wage levels. 0 ye save 200 Marked out of 1.00 F Flag 150 question Netherlands Goods per day (3) as 0 14 17 19 22 24 Free time per day (hours) Which of the following does this diagram explain? 0 a. Difference in free time and consumption across the five countries 0 b. Overtime change in free time and consumption in the five countries 0 c. Over-time change in wage in the five countries Question 3 The first figure shows the historical trends of wages relative to the cost of capital in England and France from the late sixteenth to the early nineteenth century; the second figure shows the wages relative to the price of energy in the early 17005 in selected cities. ll...._ ' . . . 1500 1600 1520 1640 1660 1680 1700 1720 1740 1760 1750 1000 1520 \"was\Question 4 The figure shows five technologies available to a hypothetical textile firm, which aims to produce 100 metres of cloth. The firm uses two inputs: workers and coal. Not yet saved 10 Marked out of 1.00 Flag question Tonnes of coal D HN W AU a m 1 2 3 4 5 6 7 8 9 10 Number of workers Which of the following statements can be derived from the figure above? O a. Technology D is better than Technology B. O b. More information is needed to determine the lowest cost technology. O c. Technology E dominates the other four because it uses the most workers. O d. Technology C is better than Technology E.Question 5 Angela is a farmer whose feasible frontier and biological survival constraint is shown in the figure below. Bruno is a landowner. If Angela wants to farm Bruno's land, she must agree, Not yet saved for example, to pay him some part of her harvest. If Angela decides not to farm Bruno's land, she can survive by the government subsidy, 2.5 bushels, as shown as her reservation Marked out of option Z in the figure below. Bruno makes a take-or-leave-it deal, which Angela can accept or reject. 1.00 Flag Angela's biological survival constraint Angela's reservation indifference curve question 20 15 Bushels of grain D' 2.5 Feasible frontier: Angela and Bruno combined 13 16 24 Angela's hours of free time 14 11.5 What Bruno gets 13 16 Angela's hours of free time Assume both Bruno and Angela are solely self-interested. Which of the following statements appropriately interprets the diagram above?" O a. Bruno would end up getting 14 bushels of grain. O b. Angela would not accept B. O c. Angela would prefer D to Z because some work is better than no work. O d. Angela would prefer D to A, B, C or Z.Question 6 Not yet saved Marked out of 100 V Flag question The figure shows Alexei's feasible frontier and indifference curves. 100- Fnsibla Frontier Final grade Hours of free time per day Which of the following is correct? O a. Alexei prefers D to C. O b. Alexei is indifferent between A and B. O c. The student is indifferent between B, D and E because they are on the same feasible frontier. 0 d. The slope of the feasible frontier shows the tradeoff between final grade and free time that the student is willing to make. 0 e. The student's optimal decision is G because it represents the highest level of utility. Question 7 Think of the problem of climate change as a game between two countries called China and the US, considered as if each were a single individual. Each country has two possible Not yet saved strategies for addressing global carbon emissions: Marked out of 1.00 1. Restrict: taking measures to reduce emissions, for example by taxing the use of fossil fuels Flag 2. BAU (business as usual): a scenario in which people, governments and businesses are free to pursue their own pleasures, politics, and profits without taking adequate account of question the effect of their actions on others, including future generations. The matrices below describe the outcomes and hypothetical payoffs of this game. US US Restrict BAU Restrict BAU Reduction in US free rides on BEST GOOD emissions sufficient Chinese emissions Restrict Restrict to moderate climate change cutbacks BEST WORST China China WORST BAD China free rides on No reduction BAU BAU US emissions in emissions cutbacks GOOD BAD Which of the following statements can be derived from this game? O a. This is an invisible hand game. O b. The best outcome is not always guaranteed in this game. O c. The US is the dominant player in this game. O d. Each player has two dominant strategies. O e. This is a prisoner's dilemma game.Guam\" 8 Which of the following is the most suitable for measuring the level of nonmaterial wellbeing of society? Not yet saved Marked out of O a. GDP per capita 1.00 l' Flag 0 b. Average disposable Income quesmn O c. Discretionary hours per day Q d. Real wage 0 9. Average consumption per day Question 9 Use the following information to answer the question below: Not yet saved Marked out of Study Hours un 6 8 9 10 11 12 13 14 15 16 17 18 19 20 1.00 Grade 25 42 57 69 79 88 96 103 109 114 118 121 123 124 124 124 124 124 124 124 Flag question What is the marginal product of the 14th hour of study? O a. 124 O b. 1 O c. 8.86 Od. 0 O e. 123Question 1 0 Not yet saved Marked out of 1.00 'l' Flag question The table shows the labour market statistics of two hypothetical countries, Utopia and Dystopia. _ Population of working age 4 mllllon Labour force Out of labour force 2.5 million Which of the following is correct? 0 a. The participation rate in Dystopia is 50 percent. 0 b. The participation rate is higher in Dystopia than in Utopia. O c. The unemployment rate is higher in Utopia than in Dystopia. 0 cl. The employment rate is higher in Utopia than in DystopiaStep by Step Solution
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