xamples can you think if it were in the Philippine setting?

Q: 4. Suppose a person with an income of $20,000 per year buys 10,000 oranges per year at a price of $1…

A: Income elasticity of demand measure the responsiveness of a change in demand due to a change in…

Q: Why does agriculture need technological progress?

A: In any economy, primary economic sector is an agriculture sector as it is necessity for an economy.

Q: Please help me solve this problem. Thanks!

A: A country has an absolute advantage in the good if the country can produce more of the good than the…

Q: What will be produced in economic and how it will be produced?

A: The economic questions arise because of the scarcity of resources and the unlimited wants. Economies…

Q: A farmer grows wheat, which she sells to a miller for $90. The miller turns the wheat into flour,…

A: A measure that tends to add up all of the money amounts in a given span of time which is being spent…

Q: What does the Third World country mean to the subjects of Economics?

A: In economics developing countries are known as third world country.

Q: What are the characteristics of a traditional economy?

A: A traditional economy may be a system that relies on customs, history, and time-honored beliefs.…

Q: In no fewer than 350 words, Why is technical writing important in our everyday lives?

A: Technical writing is written to educate, instruct, or lead someone on how to do a task.

Q: Economics Create a flow chart that will show the agrarian situation during the pre-colonial era up…

A: Aside from these industries, Aquino also legislated Executive Proclamation No. 26, Series of 2011,…

Q: Consider the market demand for compact cars. Complete the following table by indicating whether an…

A: The movement along the demand curve occurs when the price of the product changes whereas the shift…

Q: Is economic is one of the most important thing in the world

A: Economics: Economics is the sociology that reviews how individuals communicate with esteem;…

Q: Can you please show an example that will illustrate understanding of economic concepts through…

A: The phrase "economic principle" refers to a wide variety of economic theories and principles that…

Q: List and analyse the main economic and social indicators of Nigeria. You may compare your Nigeria to…

A: Economic indicators are statistics that tell us how well an economy is doing. These metrics are…

Q: 5. The price of trade Suppose that Portugal and Sweden both produce rye and wine. Portugal's…

A: In order to produce 1 bottle of wine, Portugal has to sacrifice 4 bushels of rye. While in case of…

Q: The following table shows the average nominal interest rates on six-month Treasury bills between…

A: The nominal interest rate can be defined as the  interest rate before inflation. The stated interest…

Q: What is the meaning of the statement "Technology doesn't just get adopted because it works. It gets…

A: In a market, technology is one of the economic drivers that contribute to improving economic growth…

Q: Discuss the items you would include to figure out the opportunity cost of a vacation to Northern…

A: Opportunity cost refers to the giving up of benefits in the process of obtaining some other…

Q: C. Explain why the Value of the Marginal Product = Marginal Revenue Product for perfect competitors…

A: 1. Number of firms: In both perfect and monopolistic competition, there exists a large number of…

Q: Use the information from the preceding table to fill in the following table. Nominal GDP Real GDP…

A: Nominal GDP defines the production in an economy which includes the current prices of goods and…

Q: of producing corn (just the value, no units) for each country in the table below. (In decimal…

A: According to the Ricado's comparative advantage theory of trade a country should produce and export…

Q: The following table shows the effect of an import tariff on the nation of Isoland. Complete the…

A: In this question we have to find out the consumption tax are raises or not with the help of the…

Q: C. At a product price of $32 (i) Will this firm produce in the short run? (Click to select) (ii) If…

A: A purely competitive producer operates in a market where many firms are selling identical products,…

Q: Although GDP is a reasonably good measure of a nation's output, it does not necessarily include all…

A:

Q: Suppose the nation of Isoland is an importer of textiles and is looking for a way to raise…

A: The demand curve will shift downwards by an amount equal to the consumption tax if the consumption…

Q: Does innovation start with creativity? Do you agree? Why or Why not?

A: The given statement is correct. Creativity is the ability or act of making something original and…

Q: probability premium

A: The chance top rate is an idea used in the selection principle to evaluate a person's willingness to…

Q: Because this country exports steel, the world price is represented by Suppose that a "pro-trade"…

A: Hi there , you have posted multiple questions and as per our guidelines we are only allowed to…

Q: Explain promotion of modern technology?

A: Modern Technology is the usage of high tech machinery and equipment which are up to the mark with…

Q: Create a mind map of the important concept/s of ECONOMIC ORGANIZATION.

A: Organizational economics is a field of economics that investigates interactions within particular…

Q: How are the natural and technological environments linked?

A: Natural environment includes all the living and non-living things that are occurring naturally.…