Get premium membership and access questions with answers, video lessons as well as revision papers.
i)Adjustment in the labor market
ii)Effect on consumer demand
iii)It has an effect on investment demand
iv)Adjustment in the money market
v)Demand and supply in the new equilibrium.
Hildah Wafula answered the question on March 8, 2019 at 11:43
- Explain the impact of trade protectionism(Solved)
Explain the impact of trade protectionism.
Date posted: February 27, 2019. Answers (1)
- State and explain seven types of unemployment(Solved)
State and explain seven types of unemployment
Date posted: February 27, 2019. Answers (1)
- Briefly explain the relationship between unemployment and inflation and which causes the other(Solved)
Briefly explain the relationship between unemployment and inflation and which causes the other.
Date posted: February 27, 2019. Answers (1)
- Define the various types of externalities(Solved)
Define the various types of externalities.
Date posted: February 25, 2019. Answers (1)
- How do distortionary taxes cause market failure(Solved)
How do distortionary taxes cause market failure
Date posted: February 25, 2019. Answers (1)
- Non-excludability property of pure public goods brings about the free rider problem. Explain(Solved)
Non-excludability property of pure public goods brings about the free rider problem. Explain
Date posted: February 25, 2019. Answers (1)
- What is a public good?(Solved)
What is a public good?
Date posted: February 25, 2019. Answers (1)
- Due to lack of information the government imposes distortionary taxes. What are the effects of such taxes?(Solved)
Due to lack of information the government imposes distortionary taxes. What are the effects of such taxes?
Date posted: February 25, 2019. Answers (1)
- Explain how the following cause non market failure (i) Limited control over market responses (ii) Limited control over bureaucracy (iii) Limitations imposed by the political process(Solved)
Explain how the following cause non market failure
(i) Limited control over market responses
(ii) Limited control over bureaucracy
(iii) Limitations imposed by the political process
Date posted: February 25, 2019. Answers (1)
- What are the causes of government failure?(Solved)
What are the causes of government failure?
Date posted: February 25, 2019. Answers (1)
- Briefly describe what is meant by non-market failure(Solved)
Briefly describe was is meant by non-market failure
Date posted: February 25, 2019. Answers (1)
- What are the functions of the government (public policy objective)(Solved)
What are the functions of the government (public policy objective)
Date posted: February 25, 2019. Answers (1)
- How does the government redistribute income?(Solved)
How does the government redistribute income?
Date posted: February 25, 2019. Answers (1)
- What is the role of the government in the market?(Solved)
What is the role of the government in the market
Date posted: February 25, 2019. Answers (1)
- Briefly explain income distribution as a source of market failure(Solved)
Briefly explain income distribution as a source of market failure
Date posted: February 25, 2019. Answers (1)
- What are the effects and the contribution of the excess tax burden to market failure?(Solved)
What are the effects and the contribution of the excess tax burden to market failure?
Date posted: February 25, 2019. Answers (1)
- Taxation leads to the excess tax burden. Briefly explain what the excess tax burden refers to.(Solved)
Taxation leads to the excess tax burden. Briefly explain what the excess tax burden refers to.
Date posted: February 25, 2019. Answers (1)
- How does tax system cause market failure?(Solved)
How does tax system cause market failure?
Date posted: February 25, 2019. Answers (1)
- What is meant by asymmetric information?(Solved)
What is meant by asymmetric information?
Date posted: February 25, 2019. Answers (1)
- In what cases do the positive and negative externalities occur?(Solved)
In what cases do the positive and negative externalities occur?
Date posted: February 25, 2019. Answers (1)