Would the burden off the consumers cause a greater increase

Assignment Help Microeconomics
Reference no: EM13205471

the rice producers would be worse off, however does the welfare increase or decrease? IT would place more of a burden on the producers in the short run as frictional unemployment would result, but it would also take a heavy burden off the consumers purchasing the rice. Would the burden off the consumers cause a greater increase in net welfare, or would the frictional unemployment cause the net welfare to decrease?

The Japanese restrict foreign imports of rice into their country. If the restrictions were removed, Japanese rice producers would be _________ and there would be an overall net _______ in net welfare in Japan.

Reference no: EM13205471

Questions Cloud

Explain the electron configuration of aluminum : Considering the electron configuration of aluminum, 1s2s^22p^63s^23p^1, which of the following represents the valence electrons only:
Find an equation of the tangent line to the curve : Find an equation of the tangent line to the curve y(x) = (9/(sin(x)cos(x))+(3sin(x)/(sec(x)cos(x)) at the point (1/5 Pi, y(1/5 Pi))
Find an equation of the tangent line to the curve : Find an equation of the tangent line to the curve y(x) = (9/(sin(x)cos(x))+(3sin(x)/(sec(x)cos(x)) at the point (1/5 Pi, y(1/5 Pi))
Calculate and clearly indicate the closing inventory value : Calculate and clearly indicate the closing inventory value as well as the gross profit made on sales at the end of the three month period for Make m Nice. Redraft the headings and format given below in order to correctly disclose your workings.
Would the burden off the consumers cause a greater increase : IT would place more of a burden on the producers in the short run as frictional unemployment would result, but it would also take a heavy burden off the consumers purchasing the rice. would the frictional unemployment cause the net welfare to decre..
How far does he travel to work : Commuting to work: On Monday, Roger drove to work in 45 minutes(.75h). On Tuesday, he averaged 12 miles per hour more, and it took him 9 minutes (.15h) less to get to work. How far does he travel to work?
Explain the resulting mixture exerts a pressure : The resulting mixture exerts a pressure of 745 mm Hg at 95 degress C. What was the mass of the original sample? (Write a balanced equation.)
Explain sample of solid ammonium sulfide : A sample of solid ammonium sulfide (NH4)2S, is placed in a closed bulb which is then filled with 0.0150 mol of inert He gas. The pressure of the He at 25°C is 145 mm Hg.
Describe how to fully integrate the graphing calculator : Describe how to fully integrate the graphing calculator or computer with clear and easy-to-follow directions for students.

Reviews

Write a Review

Microeconomics Questions & Answers

  The free rider problem

Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.

  Failure of the super committee is good thing for economy

Some commentators have argued that the failure of the “Super committee” is good thing for the economy?  Do you agree?

  Case study analysis about optimum resource allocation

Case study analysis about optimum resource allocation: -  Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..

  Fixed cost and vairiable cost

Questions:  :   Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month?  Explain your choice.

  Problem - total cost, average cost, marginal cost

Problem - Total Cost, Average Cost, Marginal Cost: -  Complete the following table of costs for a firm.  (Note: enter the figures in the  MC   column  between  outputs of  0 and 1, 1 and 2, 2 and 3, etc.)

  Oligopoly and demand curve problem

Problem based on Oligopoly and demand curve,  Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?

  Impact of external costs on resource allocation

Explain the impact of external costs and external benefits on resource allocation;  Why are public goods not produced in sufficient quantities by private markets?  Which of the following are examples of public goods (or services)? Delete the incorrec..

  Shifts in demand and movements along the demand curve

Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..

  Article review question

Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:

  Long-term growth, international trade & globalization

Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..

  European monetary union (emu) in crisis

"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"

  Development game “settlers of catan”

Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd