Which two characteristics best describes a mixed economy? O A. Domestic trade and international trade O B. Business profits and consumer choice O C Efficient product and low investment D. Government control and economic freedom

Q: An economic system that relies upon some central authority to make economic decisions would be O a.…

A: In a command system,a central government plans, then organizes and in turn controls all of the…

Q: 1. When country A can produce a good using fewer absolute inputs than any other country, then…

A: The global economy depends heavily on international commerce since it makes it easier for countries…

Q: Which of the following does NOT describe Agriculture in Tanzania? O Employees 67% of people O GDP of…

A: The answer is -  GDP of 23% Export earning of 30%

Q: Argentina can produce 2 pounds of coffee OR 1 bottle of wine. Brazil can produce 5 pounds of coffee…

A: The exchange of products and services between nations is referred to as international trade. Based…

Q: There are two countries, X and Z. Productivity in Country X is twice as high as productiv- ity in…

A: Productivity and technology are two key factors that determine a country's efficiency in producing…

Q: Economic Free Freedom Enterprise Private Property Competition Rights Which of the following terms…

A: A market economy is a system where the laws for demand and supply tend to direct the production of…

Q: Table 1 Assume that England and Spain can switch between producing cheese and producing bread at a…

A: Comparative advantage refers to the ability to produce goods and services at a lower opportunity…

Q: 2. Table 1 Output possibilities for South Korea and Japan Country South Korea Japan Output per…

A: "Since you have asked a question with multiple sub-parts, we will solve first three sub-parts for…

Q: When exports are subsidized, _____.   a. ​the amounts of actual labor, raw material, and capital…

A: There are generally four factors that are used in the process of production .They are labor ,…

Q: The following production possibilities schedule shows the quantities of wheat and rice that can be…

A: Here, the production possibility schedule of India and Canada is given anda country should export…

Q: The graphs below show the production possibilities frontiers for sugar and corn in South Africa and…

A: (a) The production possibility curve depicts the combination of two goods that a nation can produce…

Q: Refer to the following graph. K GoodA If this country is producing between point G and Q, it will…

A: The production possibility frontier is defined as the various production goods or commodities on the…

Q: IA nation with fixed quantities of resources is able to produce any of the following combinations of…

A: The production possibility curve shows the combination of goods produced in a country using all the…

Q: Figure 3-4 Refer to Figure 3-4. If point A represents Alice's current production and point B…

A: The PPF is also referred to as the production possibility curve (PPC). It is a key economic concept…

Q: 6.  Which of the following considerations need not lead to in-country distribution effects from…

A: A distributional effect is the redistribution of final gains and costs as a result of the direct…

Q: 1. With a given quantity of economic resources, the US can produce 3 units of food or 8 units of…

A: Absolute advantage refers to a situation where a country, individual, or company can produce a good…

Q: None

A: 1. D. has a low opportunity cost for writing a term paperThe ability of a person to create a good or…

Q: production

A: Production Possibilities Frontier (PPF) and Consumption Possibilities Frontier (CPF) are monetary…

Q: Which of the following resources is the most rival? A- A music concert at a city park.  B-A full…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: QUESTION 1 Policies for controlling toxic emissions include the following: OA Controlless of toxic…

A: "Since you have asked multiple questions, we will solve first question for you .. If you want any…

Q: Labour hours needed to make one unit: Quilts 40 80 Helen Carolyn Dresses 10 16 Amount produced in…

A: Comparative advantage theory: It was introduced by David Ricardo in 1817. It is an updated version…

Q: 3. Using the data in the accompanying table, answer the fol- lowing questions: Canada Italy Points…

A: Comparative advantage is when a country is able to produce a particular good at a lower opportunity…

Q: 1. How is international trade similar to domestic trade? A. International trade makes people better…

A: Domestic trade alludes to the trading of labor and products inside the boundaries of a solitary…

Q: There are two countries Home and Foreign country. Both countries produce Food and Cloth. Food…

A: Given  Food production uses 80 workers and 200 acres  And cloth production uses 40 workers and 40…

Q: Answer the questions based on the figure below, which is for the country of Quantz. Quantity of…

A: The price of accepting the next best option is known as opportunity cost. The possible pairings of…

Q: Which trade theory contends that a country that initially develops and exports a new product may…

A: There are various theory on international trade and each have its own importance . In this example…

Q: How can specialization result in greater voluntary exchange between countries? O A. Specialization…

A: Specialization refers to a country's propensity to specialise in such items that it trades for other…

Q: Assume a no trade situation of a country, such as Country X, with an abundance of labor and scarce…

A: Heckscher-Ohlin model of international trade explains trade based on differences in factor…

Q: Generally speaking, smaller countries tend to trade more than larger countries because: Select one:…

A: c) small country like the required Economics of scope

Q: 1. In free trade a country will not trade if A. Autarky prices and free trade prices are the same.…

A: A country engage in trade so that it can gain from the trade. If the autarky prices are larger than…

Q: 1. Production Possibilities Frontier

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: Output per hourProduction and Production Estonia Morocco of work Swords 5 2 Belts 3 2 Consumption…

A: Opportunity cost refers to decrease in production of one good required to increase the production of…

Q: The United States exports advanced robotic arms for computer manufacčtuning and manufacturing. This…

A: Trading takes place when one country engages in importing or exporting goods and services with other…

Q: Table 3-38 Iowa Nebraska Output produced in one growing season Corn 30 40 Soybeans 45 80 Refer to…

A: Opportunity cost is the next best alternative.Opportunity cost shows the forgone units of one good…

Q: If you wanted to compare two nations maximum combination of production of goods and services, you…

A: The production possibility frontier (PPF) could be a curve that illustrates the variations within…