Joram Herman

Numerade Educator
Tutor

Biography

I am currently a Master of Business Administration student in University of Cape Coast. I am a tutor. I assist students in subjects such as Economics, Financial Management, Marketing and other business related subjects.

Education

Joram has not yet added their education credentials.

Educator Statistics

Numerade tutor for 5 years
110 Students Helped

Topics Covered

How Markets Work
Understanding Short-Term Economic Fluctuations

Joram's Textbook Answer Videos

1

Joram's Quick Ask Videos

01:01
Microeconomics

The main difference between imposing a tariff and
handing out licenses under an import quota is that a
tariff increases
a. consumer surplus.
b. producer surplus.
c. international trade.
d. government revenue.

Joram Herman
01:56
Macroeconomics

The competitive equilibrium rent in the city of Lowell is currently $\$ 1,000$ per month. The government decides to enact rent control and establish a price ceiling of $\$ 750$ per month for apartments. Briefly explain whether rent control is likely to make each of the following people better or worse off.
a. Someone currently renting an apartment in Lowell
b. Someone who will be moving to Lowell next year and who intends to rent an apartment
c. A landlord who intends to abide by the rent control law
d. landlord who intends to ignore the law and illegally charge the highest rent possible for his apartments

Joram Herman
02:08
Macroeconomics

Suppose that exports become more sensitive to changes in the price level in the United States. That is, when the price level in the United States rises, exports decline by more than they previously did. Will this change make the aggregate demand curve steeper or less steep? Briefly explain.

Joram Herman
03:12
Microeconomics

Identify each of the following taxes as being either progressive or regressive.
a. Personal income tax.
b. Sales taxes.
c. Payroll taxes.
d. Property taxes.

Joram Herman
02:54
Microeconomics

Which of the following would help a government reduce an inflationary output gap?
a. Raising taxes.
b. Lowering taxes.
c. Increasing government spending.
d. Decreasing government spending.

Joram Herman
01:16
Microeconomics

Explain You are motionless on a rubber raft in the middle of a pool. A friend sitting on the edge of the pool tries to make the float move to the other edge of the pool by slapping the water every second to form a wave. Explain whether the wave produced will cause you to move to the edge of the pool.

Joram Herman
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