Imagine that you are in a debate with people talking about pro and cons of the stament below "Free flow of goods and capital always leads to a mutually beneficial outcome" Please provide ur personal opinion regarding the stament considering the pro's and cons
Q: Suppose the nominal exchange rate is $0.5 Canadian per British pound, the CPI measure of price level…
A: Given: Nominal Exchange Rate = $0.5 Canadian per British pound Price level in Canada = 140 Price…
Q: Surplus A perfectly competitive firm has this short run total cost equation: STC = 4q2 + 81 a. Find…
A: Cost of production is the monetary value incurred on factors of production . There are two types of…
Q: Answer the question on the basis of the following demand and cost data for a specific firm. Demand…
A: When all expenditures are covered and paid from total revenue, total profit is calculated.
Q: We are given a utility function in which a household lives for just one period. hl+1/e u(c, h) = c -…
A: * SOLUTION :- Given that ,
Q: Which of these are characteristics of the economy that led to the Crash of 1929? New roads and…
A: These are characteristics of the economy that led to the Crash of 1929. More companies offer…
Q: Consumption expenditure: Investment expenditure: Government budget balance Money demand C = 100 +0.8…
A: The government financial system that analyses the health of an economy, expected growth, economic…
Q: 4. An individual has an object that is of no value to him. The individual wants to sell the object…
A: Answer - Second price Auction - Second price auction are the auction where the winner of the auction…
Q: Income inequality is not good for economic development for the reason that _______. a. Income…
A: In economics, income inequality refers to a large gap in income distribution across people, groups,…
Q: 1. If the firms in a monopolistically competitive market are earning economic profits or losses in…
A: The structure of the industry where there are many buyers and sellers in the market and the product…
Q: Costa Rica can produce either 18 oranges or 9 watermelons a day, while Panama ean produce either 16…
A: Here, two countries, Costa Rica and Panama, are producing two goods, watermelon and orange, in a…
Q: 3. Suppose the annual interest rate is R = 0.10 (10%). If the expected inflation rate is n =0.02…
A: Real interest rate is the rate of interest adjusted for inflation.
Q: O D. 500 utils
A:
Q: TRUE OR FALSE: 1. The one with the bigger per capita GDP between two countries will have a more…
A: GDP refers to the final value of all goods and service that produce by a nation in its domestic…
Q: Pedras is a small, isolated island in the Pacific. The inhabitants grow cherry tomatoes and catch…
A: Dear student, you have asked multiple sub-part questions in a single post and have not mentioned…
Q: graphically illustrate noncollusive oligopoly and collusive oligopoly
A: An oligopoly refers to a market with a limited number of enterprises that recognize their pricing…
Q: BridgeCo manufactures ar used struc standard size caseloads for a price of $4000. BridgeCo's fixed…
A: Price=$4000 Fixed Cost=$20,000 Variable Cost=$2000 (a) Total Revenue= Price*Quantity TR=4000*Q…
Q: Poverty is measured by O one's lifestyle. O the cost of living where one lives. O one's income. O…
A: Poverty: - Poverty is the economic condition of a person in which that person does not even possess…
Q: Regarding the demand for children equation, children have costs and benefits to parents, and…
A: Answer: There is a trade-off between quantity and quality of children. To raise children in a good…
Q: Among the given choices, which of these is not a negative consequence of population growth? a. Poor…
A: Consequesces of population growth:- Incomes, savings, and investment all suffer as a result of a…
Q: b. Prices in most market are free to rise or fall to their equilibrium levels, no matter how high or…
A: B) The rising prices of gasoline has impacted almost all the aspects of the economy from agriculture…
Q: Questions attempted 2/38 26 of 38 " Germany has a comparative advantage over England in the…
A: Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: How to allocate limited resources to their best use is the very first and fundamental principle that…
A: Resource allocation based on best practices: 1. Get a realistic picture of demand and delivery…
Q: grow cherry tomatoes and catch salmon. The accompanying table shows the maximum annual output…
A: Dear student, you have asked multiple sub-part questions in a single post and have not mentioned…
Q: t 20 additional men. If all men get Php 3.00 per day for a full part day and if the liquid mages are…
A: Given data, 50 men did this job in 30 days, In 20 days the contract will expire. All the men…
Q: Suppose you as a business person find that the price of your product is less than minimum average…
A: The shutdown point is defined as the intersection of the average variable cost curve and the…
Q: the cell phone division of Japanese companies prospered by focusing on the domestic market. Define…
A: The word "globalization" refers to how trade and technology have made the world a more…
Q: TRUE OR FALSE: 1. In developing countries, concentration of resources on higher education rather…
A: DISCLAIMER “Since you have asked multiple question, we will solve the first question for you. If…
Q: (A). Diagram 2: The DD -AA model Exchange rate, E DD E AA Output, Y Use the DD-AA model to examine…
A: The correct answer is given in the second step.
Q: Orbit's Earnings Growth Edry was a Senior Vice President in the Customer Credit Department at Orbit…
A: An account is a financial arrangement in which an entity, often a financial institution such as a…
Q: The U.S. Senate passes a bill stipulating that there should be a guaranteed minimum price for…
A: The U.S. Senate passes a bill specifying that there ought to be a guaranteed minimum price for…
Q: A firm purchased 12-years ago a computerized machine worth P 645214. As the life of the machine was…
A: in this question:- A firm purchased 12-years ago a computerized machine and this machine worth P…
Q: The basic quantity equation of money is MV = PQ, where M is the money supply, V is the velocity of…
A: In 1911, Classical economist Irving Fisher stated the quantity theory of money which states that the…
Q: A venture capital firm does not a appoint its own people as directors in the companies it finances b…
A: The answer is - d. A venture capital firm doesn't enables Other investors to free ride on its…
Q: Individuals 1 and 2 are working together on a project. When 1 exerts effort e1 and 2 exerts effort…
A: When the efforts are decided cooperatively both the players jointly optimize the total surplus with…
Q: The aggregate expenditure function in a simple macroeconomic model with a close economy and no…
A: Generally, the equation of aggregate expenditure in an open economy is: AE = C + I + G + NX. here, C…
Q: A country called Criton is running a referendum on its international trade policy. After careful…
A: The median-voter theory is also known as the black's theorem or the median voter theorem. It is one…
Q: The Consumer Price Index: O Reflects the prices of all goods and services produced domestically O…
A: CPI is the Consumer Price Index. This index tells us about the inflation and deflation.
Q: A). Under floating exchange rates it is easier to maintain internal balance than it would be if the…
A: The measure that depicts the rate of one currency being measured in terms of another currency is…
Q: TRUE OR FALSE: 1. With regards to "Income and Wealth Inequality," government responded to the rise…
A: Note:- Since we can only answer up to three subparts, we'll answer the first one. Please repost the…
Q: True or false question below. A bank run occurs when individuals desire to put more value into…
A: A bank run refers to a scenario when a large number of customers withdraw their funds from a bank…
Q: u (21, a2) = 2xı +3x2 %3D If the price of good 1 is $4/unit, the price of good 2 is $5/unit, and…
A: Given, P1 = 4 and p2=5 and I=20
Q: 1. Explain the effects of low price-guarantee on the price. 2. What do you understand by…
A: Ans 1..... Low pricè guaràntee is a condition in which a manufacturer offers a price equal to or…
Q: A shipyard sales are $ 96531 when it sells 10 boats per year, and $ 110066 when it sells 11. What is…
A: Marginal revenue is the change in total revenue due to the sale of one additional unit. the marginal…
Q: A small plant manufacturing riding mowers. The plant has fixed costs (leases, insurance, etc.) of…
A:
Q: 1. Explain the effects of low price-guarantee on the price.
A: ''Since it is the multiple question, we will solve the first question for you. If you want any…
Q: Surplus-value creates a further advantage for capitalists because: A. Capitalists are able to…
A: as we know that labour and capital are two important factor in production . labour gets wage and…
Q: pls explain if marginal product function (i.) and (ii) are either convex or concave? what is their…
A:
Q: The most likely source of an increase in investment is a. Interest rates that are lower b.…
A: "Investment is a kind of good which is not consumed today but used in future in order to generate…
Q: 1.) Consider the market for plastic grocery store bags. Suppose that demand for these bags is giver…
A: A Pigovian tax is a tax placed on any good which creates negative externality . The aim of a…
Q: consumer
A: In an economy, the business cycle is used to explain the changes behavior of the market in a…
Imagine that you are in a debate with people talking about pro and cons of the stament below
"Free flow of goods and capital always leads to a mutually beneficial outcome"
Please provide ur personal opinion regarding the stament considering the pro's and cons
Step by step
Solved in 3 steps
- Refer to the table and figure below. Option A Option B Option C Option D Option E Option F 50 Production Options Output of Trucks per Day 50 40 30 20 10 0 Output of Tanks per Day 0 20 30 38 45 50 Production Possibilities Curve|4. Help Samanthaville prioritize Using the chart below, graph a production possibilities frontier plotting Samanthaville’s points of efficiency. Place studying Economics Textbooks on the x-axis and piggy banks on the y-axis. Economics Textbooks Piggy Banks Hours 60 85 95 50 75 2 3 90 4 100 100 a) What are the 5 possible points of efficiency for Samanthaville? Create a production possibilities graphing these 5 points of efficiency. b) Evaluate the following statement: "Samanthaville should spend 2 hours making Economics Textbooks and 2 hours making Piggy Banks." Is this a positive or normative statement? Explain. c) What is Samanthaville's marginal opportunity cost making the 4th Econ Textbook? d) What is Samanthaville's marginal opportunity cost of making the 2nd Piggy BankDiego and Darnell are roommates. They spend much of their time studying, but they have some time for the favorite activiies which is making pizza or brewing root beer. Diego takes 4 hours to brew one gallon of root beer and 2 hours to make one pizza. Darnell takes 6 hours to brew one gallon of root beer and 4 hours to make one pizza. a. Put to gether a production opportunities chart for Diego and Darnell in brewing one gallon of root beer and in making one pizza. Who has the absolute advantage in each type of production? b. Then use the chart to make another chart with opportunies cost for Diego and for Darnell of brewing one gallon of root beer (in terms of how many pizza's each of them would not being making. Who has the comparative advantage in each type of production. c. Use your opportunities cost chart to determine who should trade pizza in exchange for root beer? d. The price of pizza can be expressed in terms of gallons of root beer (not being made). Can you determine how much…
- 10. Use a production possibility frontier to describe and explain the idea of efficiency, as economists use that term.a Wednesday. The table below displays your only alternatives (that are mutually exclusive) and some related information (a gap in the table implies that you have not been provided the information): e tebr is making it difficult for you to decide what to do between 11:30 PM and 12:40 PM on Alternatives → A: Sleep in B: Play in the snow C: Attend class Total Benefit 22 24 15 Psychic Cost Pecuniary Cost Net Benefit 2 What can you say about the economic cost and/or surplus associated with alternative C (i.e. attend class)? Explain your reasonings clearly,The table below list the different combinations of surfboards and tables that can be produced with a fixed quantity of resources 1. Production Possibilities Frontier Surfboards Tables 140 120 90 50 0 A. Plot the production possibilities frontier B. Show a point X that is both feasible and efficient IA JO B 50 C90 D 120 E 140 C. What is the opportunity cost of moving production from A to B? D. What is the opportunity cost of moving production from E to C? E. Does this PPF display the Law of Increasing Opportunity Cost? Explain
- Below is the production possibilities table for consumer goods (maize) and capital goods (tractors):Type of productionProduction possibilities A B C D Emaize 30 27 21 12 0Tractors 0 2 4 6 8i. Show these data graphically. ii. If the economy is at point C, what is the cost of one more unit of maize? iii. Suppose improvement occurs in the technology of producing tractors but not in the technology of producing maize. Draw the new production possibilities curve. iv. Now assume that a technological advance occurs in producing maize but not in producing tractors. Draw the new production possibilities curve. v. Now draw a production possibilities curve that reflects technological improvement in the production of both goods.give an example of economic problem involving opportunity cost that SA government is curretly facing 3define a production possibility curve and use such a curve to illustrate scarcity,choice and opportunity costCheck my Below is a production possibilities table for consumer goods (automobiles) and capital goods (forkifts) Production Alternatives Type of production Automobiles Forklifts 20 27 21 12 a. Show these data graphically Instructions: 1. Use the drawing tool (PPC, plot 5 points totel) to draw e PPC curve. 2. Once all points have been plotted, click on the line (not individual points) end a tool icon will pop up. You can use this to enter exact co-ordinates for your points es needed.
- Below is the production possibilities table for consumer goods (washing machine) andcapital goods (tractor): Type of Production Production Possibilities A B C D E Washing Machine 0 4 8 12 16 Tractor 60 54 42 24 0 a. Show these data graphically.b. If the economy is at point B, what is the cost of one more washing machine?What is the cost of one more tractor?c. Explain how the production possibilities frontier reflects the law ofincreasing opportunity costs.Room Cleaning First Second Third Fourth Fifth 01 2 0 03 Aisha's Willingness to Pay Sara's Willingness to Pay $8 $7 $6 $5 $4 $10 $8 $6 $4 $2 Aisha and Sara are roommates who both benefit from having their room cleaned by a cleaning service. The table shows their individual willingness to pay for each room cleaning. The marginal cost of each room cleaning is $16. Considering that both roommates benefit when the room is cleaned, what is the efficient number of room cleanings per week that maximizes total surplus?An economy produces two goods ,X and Y .lt uses two means of production, labour and capital. A unit of labour can produce either 1unit of X or 4units of Y (or linear combination of the two).A unit of capital can produce either 4units of X or 1unit of Y (or linear combination of the two)there are 100units of each means of production. (i) Draw the production possibility frontier of the economy when the two goods can only be produced by a mixture of both factors. (ii)What will be the opportunity cost of X if the economy produces 50units of X ? (iii) Given that the production technology is linear ,will the opportunity cost of X remain unchanged when we produce 90units of X ? (iv)Briefly explain the difference between the PPC with a constant opportunity cost and the PPC with an increasing opportunity cost as more output of one good is produced. Use a well labeled diagram to explain your answer?