The result is a reduction in real public expenditure and, if the median voter's demand for public goods is sufficiently elastic, a tax reduction. In this case, some citizens can indirectly benefit from corruption. The paper shows that, under this condition, if the citizens anticipate a shift...
And when it comes to greener transport, let’s not forget that some 80-90% of the world’s goods are transported by sea. Each year, container ships spew about 1 billion metric tons of carbon dioxide into the air — aboutthree percent of all greenhouse gas emissions— and tons of toxic ...
ross elasticities approach zero. D. the goods become less differentiated and more firms enter the industry. E. consumers have fewer substitutes and firms F. rop out of the industry. G. industry demand increases and consumers increase spending. 相关知识点: 试题来源: 解析 b ...
Explain why successful companies usually become corporations at some point, but they usually wait until they absolutely have to. When would you want to own a business that sells price-elastic products? Why? Why do firms enter an industry when they know tha...
The supply curve shows the producer or seller's willingness to sell a product at different prices and quantities. It depends on the price, demand, cost of production, barriers in the market, etc.Answer and Explanation: Industry supply is more elastic in the long run than in ...
I headed for the union hall, figuring some of those people might have an angle. Problem was, with private-sector unions down to 8 percent of the workforce, the hall had become a Starbucks. I got a vanilla chai latte to go and beat it. I decided to head for the new economy, so I...
Why do economists care whether or not Purchasing Power Parity holds? Why doesn't the long-run aggregate supply curve have the price increases that are supposed to come with economic growth? Why does a government place price ceilings, such ...
Why do unions support minimum wages, and how does an increase in the minimum wage increase the demand (not necessarily wages) for union labor? Explain with economic reasoning only. Why do most countries have some protectionis...
Goods recalled can also not be resold if the quality of products is maintained, even with discounts. The material also goes to waste, and delivery costs back to the warehouses can be very expensive. The strict return policy also has some expenses tied to it because of the team that handles...
Why do changes in demand and supply cause disequilibrium? Using the income and substitution effects explain why the demand of a good falls as its price increases. How would a new excise tax affect the supply curve? If demand is elastic, how will an increase in price change total revenue?