There are four key relationships upon which the Standard Model is based. Please list each of the four relationships
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The Standard Model
The Standard Model of Trade is a general model that accommodates other models which reference specific sources of
There are four key relationships upon which the Standard Model is based. Please list each of the four relationships and give one example for each.
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- An island economy produces only melons and kiwi fruits. The table gives the quantities produced and prices in 2018 and 2019. If the base year is 2019, use the chained-dollar method to calculate real GDP in 2018 and 2019. In 2018 Item Quantity Price In terms of what dollars is each of these two real GDPS measured? Melons 90 boxes $8 a box Real GDP in 2019 using the chained-dollar method is Kiwi fruits 50 boxes $11 a box $4 In 2019 Item Quantity Price Melons 113 boxes $12 a box Kiwi fruits 69 boxes $9 a box Enter your answer in the answer box and then click Check Answer. Check Answer Clear All 2 parts remaining DII F12 F11 F10 F9 F8 20 000 F7 F6 F5 F4 F3 esc F2 F1 & % ! @ 2# 7 3 4 5 1 2 P W E R Q tab K G H J F 00 %24The world is in a pandemic situation with the outbreak of coronavirus (COVID -19). Due to this, there is a need for people to use face masks and hand sanitizers in order to maintain hygiene and to avoid the spread of this disease. Many companies that manufacture and pharmacies that sell face masks and hand sanitizers across the world are using this as an opportunity to increase the price of these products. They are also creating temporary shortage to create a panic among the people. Questions: a. If you own a company that manufactures face masks and hand sanitizers, explain five ethical principles your company can follow to help your country and society. (1.5 Marks) b. With the increasing number of COVID-19 cases globally every day, being a responsible citizen of this country, prepare five guidelines that all your employees must follow that will help Oman protect itself from such pandemic situations in the future. (2 Marks) c. Identify the unethical practices that such companies are…Consider a fictional price index, the College Student Price Index (CSPI), based on a typical college student’s annual purchases. Suppose the following table shows information on the market basket for the CSPI and the prices of each of the goods in 2017, 2018, and 2019. The cost of each item in the basket and the total cost of the basket are shown for 2017. Perform these same calculations for 2018 and 2019, and enter the results in the following table. **THE TABLE IS ATTACHED** Suppose the base year for this price index is 2017. In the last row of the table, calculate and enter the value of the CSPI for the remaining years. Between 2017 and 2018, the CSPI increased by_____%. Between 2018 and 2019, the CSPI increased by______%. Which of the following, if true, would illustrate why price indexes such as the CSPI might overstate inflation in the cost of going to college? Check all that apply. A. Energy drinks became increasingly popular on college campuses between…
- More than half of world trade occurs within the regions (such as North America, Europe & Central Asia, etc.) True FalseThe air cargo product is an important source of revenue and differentiator for cargo airlines. Regardless of whether these are combination carriers of all-cargo specialists, airlines compete intensely for the airport to airport cargo service. Singapore Airlines Cargo (SIA Cargo) competes intensely for market share in a highly competitive air cargo sector. SIA Cargo is a division that sits within Singapore Airlines. It operates a dedicated freighter fleet which the division complements with belly capacity on passenger flights that are operated by Singapore Airlines and its subsidiaries. (a) Discuss how SIA Cargo distinguishes itself from competition in the current COVID-19 environment for the following market segments that it serves: E-commerce logistics Perishables Pharmaceuticals It is important that you contextualise your answer to SIA Cargo and not give generic answers. (b) Why do you think that it is essential for SIA Cargo to offer differentiated products and services? Give…DO NOT GIVE ME AN ANSWER THAT IS ALREADY THERE. THEY ARE NOT CORRECTLY ANSWERING THE QUESTION. MGMT Bakehouse Inc (MBI), supplies bread, cakes and other specialty products, to a large percentage of the country; to the following customer types. Retailers e.g. supermarkets, who sell baked goods to the public, and MGMT Bakehouse Inc delivers to the retailers. Wholesalers also sell to the public, but come to MGMT Bakehouse Inc directly to collect their baked goods. Finally institutions like hotels and hospitals, to whom MGMT Bakehouse Inc delivers directly, buy baked goods to incorporate into offering for their clients e.g. guests menus and patient meal plans.From the ordering of flour and other ingredients to the processing of cash, receivables and payables, the company uses an integrated ERP with a common database for all of its business processes. Internally MGMT Bakehouse Inc is organized into the following departments: Production which bakes the bread; Distribution that delivers the…
- A rice importer has three sources: Thailand, Vietnam, and China. Unfortunately, the annual amount of rice harvested is heavily dependent upon the amount of rainfall during the growing season. The tables below show probabilities and prices for wet, dry, and normal growing seasons. Rice is sold in tons. PROBABILITIES Wet Dry Normal Thailand 0.5 0.2 0.3 Vietnam 0.6 0.3 0.1 China 0.4 0.4 0.2 Price per Pound ($) Wet Wet Dry Normal Thailand 0.95 1.10 1.00 Vietnam 0.85 1.20 0.98 China 0.90 1.15 1.05 This is a maximization problem. A)True B)FlaseA rice importer has three sources: Thailand, Vietnam, and China. Unfortunately, the annual amount of rice harvested is heavily dependent upon the amount of rainfall during the growing season. The tables below show probabilities and prices for wet, dry, and normal growing seasons. Rice is sold in tons. PROBABILITIES Wet Dry Normal Thailand 0.5 0.2 0.3 Vietnam 0.6 0.3 0.1 China 0.4 0.4 0.2 Price per Pound ($) Wet Dry Normal Thailand 0.95 1.10 1.00 Vietnam 0.85 1.20 0.98 China 0.90 1.15 1.05 This is a maximization problem. True or Flase?A rice importer has three sources: Thailand, Vietnam, and China. Unfortunately, the annual amount of rice harvested is heavily dependent upon the amount of rainfall during the growing season. The tables below show probabilities and prices for wet, dry, and normal growing seasons. Rice is sold in tons. PROBABILITIES Wet Dry Normal Thailand 0.5 0.2 0.3 Vietnam 0.6 0.3 0.1 China 0.4 0.4 0.2 Price per Pound ($) Wet Dry Normal Thailand 0.95 1.10 1.00 Vietnam 0.85 1.20 0.98 China 0.90 1.15 1.05 This is a maximization problem. A)True B)False
- Aubree Multinational Corporation is a large manufacturer and distributor of pharmaceuticalsupplies. It is based in the United States (New York-Headquarters), Trinidad, Jamaica and theUnited Kingdom. It sends supplies to various companies throughout the four countries. It marketsits supplies through periodic mass mailings of catalogues to those companies. Its clients can alsomake orders over the phone and they ship the supplies upon demand.The main competition for Aubree Multinational Corporation in the United States comes from oneU.S. firm and one Canadian firm. A British firm has a small share of the U.S. market but is at adisadvantage because of its distance. The British firm’s marketing and transportation costs in theU.S. market are relatively high. In Jamaica and Trinidad, they have approximately 80% of themarket share.a) Aubree Multinational Corporation plans to penetrate either the Canadian market or two otherCaribbean Countries (Haiti and Guyana). What factors deserve to be…Aubree Multinational Corporation is a large manufacturer and distributor of pharmaceuticalsupplies. It is based in the United States (New York-Headquarters), Trinidad, Jamaica and theUnited Kingdom. It sends supplies to various companies throughout the four countries. It marketsits supplies through periodic mass mailings of catalogues to those companies. Its clients can alsomake orders over the phone and they ship the supplies upon demand.The main competition for Aubree Multinational Corporation in the United States comes from oneU.S. firm and one Canadian firm. A British firm has a small share of the U.S. market but is at adisadvantage because of its distance. The British firm’s marketing and transportation costs in theU.S. market are relatively high. In Jamaica and Trinidad, they have approximately 80% of themarket share.a) Aubree Multinational Corporation plans to penetrate either the Canadian market or two otherCaribbean Countries (Haiti and Guyana). What factors deserve to be…Aubree Multinational Corporation is a large manufacturer and distributor of pharmaceuticalsupplies. It is based in the United States (New York-Headquarters), Trinidad, Jamaica and theUnited Kingdom. It sends supplies to various companies throughout the four countries. It marketsits supplies through periodic mass mailings of catalogues to those companies. Its clients can alsomake orders over the phone and they ship the supplies upon demand. The main competition for Aubree Multinational Corporation in the United States comes from oneU.S. firm and one Canadian firm. A British firm has a small share of the U.S. market but is at adisadvantage because of its distance. The British firm’s marketing and transportation costs in theU.S. market are relatively high. In Jamaica and Trinidad, they have approximately 80% of themarket share. Question 1 Given that one-third of the company sales are exports to the United Kingdom and invoices forexports are in US dollars, the demand for its exports is…