Suppose that there are two large economies in the world, country A (the foreign country) and country B (the home country). Suppose that initially, both countries have a zero current account balance and the world real rate of interest is 5 percent. Suppose now that there is a technological innovation in country A (the foreign country) only. In this case, which of the following is correct? A. The world real interest rate will rise and country B (the home coun- try) will have a current account balance surplus. B. The world real interest rate will rise and country A (the foreign country) will have a current account balance surplus. C. The world real interest rate will fall and country B (the home coun- try) will have a current account balance surplus. D. The world real interest rate will fall and country A (the foreign

Suppose that there are two large economies in the world, country A (the foreign country) and country B (the home country). Suppose that initially, both countries have a zero current account balance and the world real rate of interest is 5 percent. Suppose now that there is a technological innovation in country A (the foreign country) only. In this case, which of the following is correct? A. The world real interest rate will rise and country B (the home coun- try) will have a current account balance surplus. B. The world real interest rate will rise and country A (the foreign country) will have a current account balance surplus. C. The world real interest rate will fall and country B (the home coun- try) will have a current account balance surplus. D. The world real interest rate will fall and country A (the foreign

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Hayfever Farms is an 80‑acre hay farm in Colorado. Due to the legalization of marijuana production in the state, the owners are considering changing the farm's name to Blissful Acres and growing marijuana instead of hay. Use the information presented in the table to answer three questions. Number of acres MC $ MR $ (hay) MR $ (marijuana) 10 320 730 5,600 20 200 730 5,600 30 540 730 5,600 40 730 730 5,600 50 1,200 730 5,600 60 3,200 730 5,600 70 5,600 730 5,600 80 6,700 730 5,600 If they continue to grow only hay, how many acres should Hayfever Farms devote to growing hay in order to maximize profits? area devoted to hay:_______ acres If the owners decide to only grow marijuana, how many acres should Blissful Acres devote to growing marijuana in order to maximize profits? area devoted to marijuana:_______ acres Which outcome likely happens due to the legalization of marijuana production and consumption? The number of growers…
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Each term (3 months) the current group of economics students completed a questionnaire as to how much they would spend on new purchases compared to how much they would save/pay off bills, if they suddenly and unexpectedly received a check for $1,000. The average MPC is shown in the table below. Month in which student poll was taken Average of students’ responses as MPC March 0.41 June 0.30 September 0.22 December 0.56 What do these MPC’s imply about the students’ thinking over the course of the year? (Enter response here.) What is likely happening in the economy during the same period of time?
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please answer the questions on the image attached with work shown, thanks!
f (x, y) = 3x² + y³ + 4xy² +8 Of(x,y) dr Of(x,y) dy What is the value of when x = 4 and y = 5? (Note: the answer may not be a whole number, so please round to the nearest hundredth) (Note: the numbers may change between questions, so read carefully)
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This question is intended to have a written response given. The writtenresponse should be 2-3 paragraphs maximum and focused on answer the specific questions of interest using the tools/concepts from lecture/tutorials. You may include agraph to support your argument/ideas, but this is not required (note: I would recommend you sketch a graph when thinking about how to answer this question, thoughthat does not need to be submitted). Leung and Seo wrote an article “How do government transfer payments affect retail prices and welfare? Evidence from SNAP” (Jan,2023) in the Journal of Public Economics. To answer this question, you do not need togo read the paper. I would in fact recommend against it as the paper is very technicaland assumes a knowledge of statistics that most students taking Econ 201 will nothave (some of the ideas will be discussed in Econ 233 and Econ 333). We will use theinformation/main ideas as a starting framework.In the United States, one of the largest welfare…
Can you please answer (Question.4) below?