Which of the following pairs of economic internal goals might conflict: economic growth and full employment full employment and low inflation economic growth and high inflation high inflation and stable currency

Q: Is there any e-business apps that you would suggest to a small business in order to help it survive…

A: e-business is functioning very well during the pandemic, whether it was small or big business…

Q: An agricultural seed company has an inverse demand given by: P = 120 - 2Q, and a cost function given…

A: Note : In case of multiple questions , we answer only the first question.  The answer to your first…

Q: What are the economic costs of taking a vacation

A: There are several financial expenses associated with vacationing, including travel, lodging, food,…

Q: Write an essay on what motivational drives you possess and can be use as your enterprising skills.

A: Entrepreneurs take significant financial risks, work long hours, and go through a lot of pain in…

Q: An agricultural seed company has an inverse demand given by: P 120 - 2Q, and a cost function…

A: Given- P=120-2Q-------------1 C =20Q We can calculate : Total Revenue (TR) = PXQ = 120Q - 2Q2 Now,…

Q: What is economic and e commerce

A: This can be described as a form of market in which no single producer or consumer has the power to…

Q: Refer to Figure 2-16. It is possible for this economy to produce a. 80 gadgets and 50 widgets. b. 50…

A: The answer is part D) i.e. 90 Gadgets and 30 widgets.   This is so because this is the only…

Q: How did economic change and urbanization affect family life?

A: Contrary to popular belief, urbanization is considered just as much a social as an economic…

Q: How did you get the formula for letter B?

A: Profit : total revenue -total cost. Total Revenue = P*Q. Profit function is differentiated with…

Q: Within a foreign country, what perspectives must one consider?

A: The legal precept that governments, countries, or courts from other jurisdictions would mutually…

Q: Draw and label a circular flow diagram that includes the government

A: Circular flow: The circular flow of pay or roundabout stream is a model of the economy where the…

Comparative Advantage and Absolute Advantage Analysis

The theory of absolute advantage was given by Adam Smith in the year 1776.