What sort of product is alcohol in economic terms if the government wants to restrict consumption of it?

Q: You read the following from an article on WebMD: "Spending on health care is out of control, and the…

A: Spending on health care is driven by government.

Q: what are the Benefits and Costs of Delinquency for borrowers

A: Default and delinquency are two financial terms that are used for loans representing the same…

Q: Which of the following describes the type of entry barrier faced for copyrighted songs and music?…

A: Entry of new firms into the market can be restricted by entry barriers which can be legal,…

Q: Does our campaign illustrate the full range of appropriate usage situations for the product?

A: Yes, the campaign illustrates the full range of appropriate usage situations for the product. This…

Q: House Bill 1035, what are the scope, prohibitions, and punishments?

A: To find : Scope, prohibition and punishment for house bill 1035

Q: Describe one way the government might impact the Dairy products industry with price controls,…

A: Price control - This can be implemented in different ways such as price floors or ceilings which…

Q: Most national parks charge a fee to visitors as a way to cover some of the costs of operating them.…

A: Because number of cars increasing,price should be raised.

Q: Should price controls be imposed on life-saving drugs? Will consumers benefit or be harmed by this…

A: Life-saving drugs are the medicines and other required drugs to be used for treatment of different…

Q: A) What are the justifications for government's regulation of tobacco? What are the main tools a…

A: There are as of now around 1.3 billion smokers on the planet, for the most part living in low-and…

Q: Just wondering if as a tutor you agree or disagree with this...  Price controls are…

A: Professionally prescribed medication spending has been rising consistently across the United States…

Q: What are the price controls of the government?

A: At the marketplace, price control is one of the government policies as the intervention in market to…

Q: What do economists (and used-car dealers) mean by a “lemon”?

A: Lemon: It is a problem which arises because of the value of investment or product due to asymmetric…

Q: An example of a two-part tariff is senior citizens getting a discount to join gyms a resort like…

A: A two-part tariff is a price discrimination technique that consists in charging consumers with a…

Q: What strategies distinguish the different types of foodretailers?

A: Retailers refer to the individuals, or business units that sells goods to the public in small…

Q: Subway rides during rush hour S D The subway system in your city is approximately in equilibrium.…

A: Because of subsidy,supply would increase.

Q: 3 new driving laws planned for South Africa: Minister Transport minister Fikile Mbalula says that…

A: Answer 3.1: Transport plays a very significant role in the socio and economic development of a…

Q: Why does the US government feel that the use of illicit drugs such as cocaine and opium (morphine)…

A: The government uses fiscal policy to increase employment and investment by increasing the aggregate…

Q: If the governments efforts to reduce demand are effective, what happens to price and usage of…

A: If the demand is reduced by imposing heavy taxes and excise duty, then it would lead to the high…

Q: One rationale for imposing taxes on alcohol consumption is that people who drink alcohol impose…

A: Introduction: Many people regard alcohol as the life of the party, but it is also regarded as a…

Q: What are public goods? How may they be reflected in house prices?

A: Public goods are non-excludable and non-rivalrous. Public goods are goods that can be consumed by…

Q: Is the market for electricity regulated?

A: Electricity market usually characterized by the monopoly market structure. Generally, government…

Q: You know 10 people such that 1 person is willing to pay $9 for the poster, another $8, another $7,…

A: Total number of posters =10 Calculation of amount each person is willing to pay per poster in a…

Q: What constitutes trading according to tax law

A: Trading involves healthy participation in the financial markets in comparison to investing which…

Q: Draw diagram to show what happen when government subsidised the gasolene

A: Demand Curve: - demand curve is the graphical way of showing the relationship between the quantity…

Q: What are the anatomy of cruise

A: The economies around the globe have started to get involved in the trading activities with each…

Q: Choose one of the following examples and explain whether you think that the government should ban…

A: Banning any product is not the ultimate solution to any of the issue because it will create a…

Q: Now consider the equilibrium between supply and demand. Critique a policy of (a) full legalization…

A: a)By eliminating illegal pharmaceuticals in the market, the broader legalization of the product will…

Q: Cars P. Q Suppose that your city puts an excise tax on cars but collects the tax from car buyers…

A: Here the burden of tax falls to the car buyer an this affect demand.

Q: b. Assuming that there is no charge for entry, what is the total number of vehicles entering…

A: A market demand curve is the summation of individual demand curves.

Q: What are the disadvantages of petrol subsidies?

A: Subsidy is a defined as the form of Government help which is provided to lower down the price of…

Q: How will the aggressive e-commerce plan implemented by Walmart affect operations at its retail…

A: Walmart is the world’s largest retailer, it has built thousands of stores in the United States,…

Q: You are a frequent flier in general and for your company in particular. Your company pays for your…

A: Government-mandated legal minimum or maximum prices set for regulated products are price controls.…

Q: What are the potential benefits of reducing the availability of illegal drugs versus reducing the…

A: The markets are a place where the buyers, and sellers of various goods and services tend to meet and…

Q: What is consumerism? What rights do consumers have, and why do somecritics feel buyers need more…

A: Consumers: An individual or a gathering who plans to request, request, or uses bought merchandise,…

Q: What are the benefits you can get in ballroom dancing?

A: Ballroom dancing is a low-impact aerobic activity that can help you lose weight and speed up your…

Q: What sort of product is alcohol in economic terms if the governments want a to restrict the…

A: Government resort to discourage the consumption of goods which are harmful for health of the people.…

Q: What are some ways drug use has changed from early times to modern times ?  What are some predictors…

A: Social history proposes that our relationship with drugs is more complicated than the worldview of…

Q: $100 $50 5 10 Oty Refer to the figure above. The price of a physician visit is $100, Individual A…

A: Demand curve shows the inverse relationship between price and quantity demanded here visit of…

Q: When considering the possibility of legalizing the recreational use of cannabis, had the state…

A: Assuming when there is a decrease in the price of Cannabis by 70 percentage in between 2014 to 2018…

Q: 2. In Sacramento there are 1000 used cars for sale, half of them are good and half of them are…

A: Buyers: It refers to the people who buy goods and services from the market for their personal use so…

Q: Illustrate using an appropriate diagram [see sample below] where the Crocs online store in…

A: The excess acquired by consumers is addressed by the space beneath the demand bend and over the even…