Q: 1. How would you show positive change in the world through an A.E model (Draw graph, and explain…
A: (Since you have asked many questions, we will solve the first one for you. If you want any specific…
Q: Briefly discuss the impact of COVID on the UK economy.
A: Covid 19 has caused worldwide pandemic that has affected the economy of all the countries.
Q: Suppose you've just inherited $10,000 from a relative. You're trying to decide whether to put the…
A: The inherited amount from the relative = $10000 Opportunity cost at 8% interest rate = $800…
Q: What was the economics reason for the emergence of crude by rail starting in 2011.
A: The two ranchers and farmers offered their products to individuals they couldn't undoubtedly reach…
Q: Distinguish between absolute and camparative advantage
A: Absolute advantage and comparative advantage are two very different terms.
Q: How should we expect the cost of oil to affect the cost of producing gasoline, diesel and other…
A: The price of the goods and services depend on the demand and the supply of the goods and services in…
Q: What are three important way by which "consumer cities" may differ from "production cities?"
A: Cities have historically been perceived as providing benefits in production and drawbacks in demand,…
Q: Why is it important for business leaders to be aware of both Marco and Micro economics.
A: MICRO ECONOMICS- micro economics implies the study of the aspect of economy at individual level.it…
Q: Explain briefly why the people and firms operating within a command economy would in all cases be…
A: A command economy refers to when the resources are owned and managed by the government. In this,…
Q: If a school library has 150 different books (one copy of each), in how many ways can you distribute…
A: Given: Number of books = 150 Number of kids = 80
Q: Explain the implications on Airbnb should South Africa implement a command economy.
A: Airbnb is a service that is provided to the travellers with local short term accomodation providers…
Q: Suppose we have an economy with two sectors, wood and paper. • In order to produce $1 of wood, we…
A: Internal demand for wood = Amount of wood we need to produce wood + Amount of wood we need to…
Q: Brazil is one of the world’s largest exporters of beef and China is a major purchaser of that beef…
A: Brazil is the largest exporters of beef and China is a major purchaser of that beef. In 2017, China,…
Q: From a resource-based view, what valuable and unique resources and capabilities does Microsoft have…
A: The resource-based view is a model that emphasises the importance of resources in achieving…
Q: Thinking in terms of economic efficiency, almost all economists agree that some government agencies…
A: The effective production and the use of commodities and supplies to minimise waste is known as the…
Q: Walras law as used in economics.
A: Economics- It is related to the production, distribution, and consumption of goods and services.
Q: If a country opens up for trade, and it ends up importing a good, the net effect of importing that…
A: When the country opens up for trade then it implies that the country trades with other nations. This…
Q: the heckler-ohlin analysis, a country imports the good that uses intensively the countries…
A: The Heckscher–Ohlin theorem is one of the four critical theorems of the Heckscher–Ohlin model,…
Q: For a long time, lending money to finance the purchase of taxi medallions was a very good…
A: Hi Student, thanks for posting the question. As per the guideline, we are providing answer for the…
Q: Suppose that Jacques, an economist from a university in Arizona, and Kyoko, an economist from a…
A: These views of economists are based on normative statement.
Q: Given the government pays someone to build a bridge, according to John Maynard Keynes, how would…
A: John Maynard Keynes was a great economist and was in the view to encourage the aggregate demand in…
Q: Senator Ernest Hollings once wrote that "consumers do not benefit from lower-priced imports. Glance…
A: The following problem has been answered as follows:
Q: How might a consensus on economic goals impact the creation of economic policy? How might a lack of…
A: Economic goals are made to achieve and set good economic policies. Each aim, when accomplished,…
Q: Should the government legislate strict regulations for the gig-economy
A: The economies of different nations work differently. Some of the economies are operated only on the…
Q: How can looting of Shops undermine the capitalistic economic system in the private ownership of the…
A: Capitalism is a monetary framework where private people or companies own capital products - for…
Q: WHAT is an example of the government (laws) shaping the economy or vice versa
A: A government can attempt to shape the pace of economic development through supply-side and…
Q: he example of bread and heat is usually given in a closed room in which a number of people live, to…
A: Purely Public Goods: Purely public goods are those goods that are non-rivalrous in nature and…
Q: 11. In the depths of my imagination, the environmental Kuznets curve (EKC) looks like a half donut…
A: Environment Kuznets curve represents the relation between the income level in an economy and…
Q: wo countries, Korea and Vietnam, are engaging in international trade. They produce two goods:…
A: The Heckscher-Ohlin (HO) theory explains how countries specialize in the production of goods that…
Q: Suppose you've just inherited $10,000 from a relative. You're trying to decide whether to put the…
A: Opportunity cost at 8% interest rate is calculated as follows. Opportunity cost 8%=10,000×8 100=800…
Q: What are some of the major effects of MNCs on home and host states? Do you think that the effects…
A: A multinational corporation (MNC) has facilities and other assets in at least one country other than…
Q: In what way do the import and export documents play an important role in ensuring that the…
A:
Q: Discuss the manner in which Smith can be said to be writing in the “enlightenment” tradition.…
A: Invisible hand, allegory, presented by the eighteenth century Scottish rationalist and business…
Q: How does underground economy function in comparison to legal economy? To answer this, explain, based…
A: The illegal activities or transactions of goods and services which are done without reporting to the…
Q: of the basic elements of Roger's diffusion theory is the concept of the adoption process. Briefly…
A:
Q: Suppose you've just inherited $10,000 from a relative. You're trying to decide whether to put the…
A: Opportunity cost tells us the value of the next best alternative. Here, holding money would mean…
Q: Ginny and Lucia are roommates. They spend most of their time studying (of course), but they leave…
A: Ginny takes 5 hours to makes a gallon of beer and 3 hours to make Pizza. Lucia takes 8 hours to…
Q: What is static efficiency? Illustrate your answer with the aid of a well-labelled diagram. What is…
A: Economic efficiency is an economic condition in which resources are optimally allocated to every…
Q: How can government involvement in an economy help or hinder the expansion of the production…
A: Gross domestic product (GDP): - GDP is the market value of all final goods and services produced in…
Q: 10- Which of the following deals with Lionel Robbins definition of economics? a. behavior…
A: a) The correct answer is a So we can say that where I think behavior associated with using limited…
Q: Suppose you've just inherited $10,000 from a relative. You're trying to decide whether to put the…
A: When the interest rate is 8%, Opportunity Cost=8% of 10,000=800 When the interest rate is 10%,…
Q: The main advantage of trade between two countries is that A) trade makes both countries more…
A: International trade is the exchange of goods and services across international boundaries. The trade…
Q: what are the advantages and disadvantages of open economies and closed economies? How has covid and…
A: An open economy is one that engages in international trade of goods, services, and financial assets.…
Q: Suppose that the economy in the Jatinagor area has a Production Possible Limit with the equation X²…
A: The Production Possible limit of the economy is X2+4Y2=64 If the value of Y is equal to 0 then, X…
Step by step
Solved in 2 steps
- how does distortions affect the market of tradable and non-tradable goods?According to researcher Richard Vedder, only 21 cents of every added dollar that universities have spent over the past twenty-five years has gone to student instruction. Where did the other 79 cents go? If you are an undergraduate today, what tangible benefits of these increased university resources can you see around you? If it would be cheaper to give each steelworker $375,000 per year in cash than impose restrictions on imports of steel, why do we have the import restrictions rather than the cash payments? Who gains and who loses from import restrictions?can you please explain this concept with other examples as well
- We live in a world where computers and other items of technology seem to get ever cheaper to produce. Such technology is important in the production of a vast range of consumer goods. We wish to analyse the impact of this phenomenon on two key pieces of economic data. The main impact of the decreasing cost of technology is that (select from consumption/investment/government spending/exports/imports/economy-wide production costs/wage costs) would (Select increase/decrease) This would shift the (Select one from the picture attached) which (Select: Increse or decreases the price level) and (Select: increases or decreases GDP) Suppose that the economy is now away from long run equilibrium (GDP is above Yf). The way that the economy adjusts back to equilibrium is that (Select: interest rates/the exchange rate/factor prices such as wages/governement spending) (Select: Increases/decreases). This shifts the (Select one from the picture attached)Define micro economicsWhat is PPP, and why is it useful?
- What are the impacts of Human and Physical Capital in a Global Economy? What are the Characteristics of a Monopoly Market?P Do Homework - Chapter 4: Supply and Demand (Copy) - Google Chrome A mathxl.com/Student/PlayerHomework.aspx?homeworkld=616379615&questionld=1&flushed=false&cld=6801150¢erwin=yes Econ I Fall 2021 Intersession THU TRANG 12/21/21 8:12 AM Question 17, Checkpoint Extra Problem 14 = Homework: Chapter 4: Supply and Demand (Copy) HW Score: 0%, O of 30 points O Points: 0 of 1 Save Part 1 of 2 Italians call for 1-day pasta strike Price (dollars per pound) 1.80- In 2007, the price of durum flour rose by 20 percent. Seventy percent of pasta is durum flour. Italians will soon be paying 20 percent more for pasta. Italian consumer groups called for a one-day boycott of pasta in grocery stores, as a way of showing their unhappiness with the price increase. Source: The New York Times, September 12, 2007. 1.60- What is the effect of the rise in the price of durum flour on the market price of pasta? 1.40- The graph shows the market for pasta before the price of durum flour rose. 1.30 Draw a curve to…How do countries deal with the problem of wanting neither a pure market nor a pure command economy?