The Theory of Comparative Advantage states that countries gain from trade, this is because : The world output rises when each country specializes in what it does best All the firms take advantage of the cheap labour Trade makes firms behave more competitively The output per worker increases

Q: Question 6 Listen> For questions 6 - 9, YOU MUST set out the amount owing in numbers, only, without ...

A: Answer (6): The firm should pay only the amount that it owes since it paid the last paycheck to Sele...

Q: QUESTION 36 The phenomenon that occurs when high-cost domestic producers are replaced by low-cost pr...

A: Trade is defined as the exchange of commodities and services across the boundary of the country.

Q: Consider the two-period endownment economy model in which the net interest rate is 4 percent. The co...

A:

Q: 4. Gob has a utility function over consumption (C) and leisure (L). U=C(L-8). His budget constrain i...

A: Given: Utility function: U =C (L - 8) Budget constraint: 200 ( 50 - L ) + 1600 - C = 0

Q: Explain the difference between Country based trade theories and Industry based Trade Theories. Illus...

A: A traditional, country-based global trade theory states that a country's not set in stone by its pro...

Q: Which one of the following accounting system gives information regarding the savings of the communit...

A: National income can be defined as the total value of goods and services produces within a year in an...

Q: 7.2 (LG 7.2) Maryhill Mines has a pelletizer that it is considering for replacement. Every three yea...

A: Introduction:- The pelletizer gadget, which changes over the item into pellets of different shapes a...

Q: 4. A monopoly’s supply curve is A. more elastic than is the supply curve of a PC industry. B. the ...

A: Monopoly It describes a market situation in which there is just one seller and a large number of buy...

Q: Assume i=0%, beta=1. Consumer has income of 80 in year 1, 100 in year 2. Now suppose gov't gives con...

A: Answer is given below

Q: Which of the following statements are normative or positive? Explain your answer. Unemployment rate...

A: 1. Unemployment rate will increase for the next quarter.  Positive Statement

Q: Reese has recently left her teaching job to open a bakery. The ______ is an example of the implicit ...

A: The cost incurred is either implicit cost or explicit cost. Explicit cost is the cost which is incur...

Q: A monopoly has a demand curve given by P = 20-Q and its cost function is TC = Q2+70. Find the monopo...

A: Given The demand function for the good:       P=20-Q                 .... (1) Cost function:        ...

Q: 2. Give an overview of the studies examining gender discrimination.

A: Gender equality is important. Girls and boys have equality of opportunity, which helps all students ...

Q: Which of the following characteristics does NOT describe a perfectly competitive market? Group of an...

A: The market is a location where the transaction of services and commodities takes place. It is import...

Q: Assume this economy is producing only one product and year 4 is the base vear. Output and price data...

A: Here, the given table shows the price and output in different years where year 4 is considered as th...

Q: Give ideas/ways that the UN Member States look into to properly ameliorate the issue of women’s acce...

A: There are many measures that can be taken in order to provide protection for women on the ground of ...

Q: The Mercantilists advocated balance of trade for each country engaged in trade. O True O False

A:   Note:  We’ll answer the first question since the exact one wasn’t specified. Please submit a new q...

Q: 6. Draw a graph of the Dynamic Aggregate Demand Curve and explain it clearly. 8. Draw a graph and ex...

A:  Answer (6) AD or aggregate demand is referred to as the amount of total expenditure on domestic goo...

Q: Jayden was recently hired for a job with an annual income of $36,000.  Using the federal income rate...

A: * SOLUTION :-   

Q: Northern Bank: Balance Sheet Assets Liabilities $420 $7,580 $8.000 Deposits Capital $7,000 $1,000 Re...

A: The given table shows the balance sheet of the Northern Bank and banks decides to maintain the reser...

Q: QUESTION 13 International Trade is a substitute for: OA. Many kinds of government rule. OB. The move...

A: International Trade: The term international trade refers to the trade when goods and services are so...

Q: If the price elasticity of demand is 6, then a 3 percent decrease in price results in a type your an...

A: The markets are the place where the buyers and the sellers of the goods and services tend to interac...

Q: What are the major factors causing a shift in aggregate demand (inward or outward)?  What are the ma...

A: Answer: Aggregate demand: aggregate demand refers to the total demand for goods and services produce...

Q: The Market: SUVS (sports utility vehicles) The Market price: $50,000. The Scenario: A tax of $2,000 ...

A: The market is in equilibrium when the market demand is equal to the market supply. At this point the...

Q: Answer cannot be determined To the right To the left

A: When the Fed purchases government securities, the quantity of money supply increases in the Economy....

Q: 12. Discuss how the interdependence of input markets for labor, capital, and land might affect suppl...

A: Economists refer to all of the resources that firms employ to buy, rent, or hire what they need to g...

Q: If the budget line rotates from blue to red. Consumption Next Year B Consumption Today The interest ...

A: since you have asked multiple questions and according to policy we can solve only 1 question and for...

Q: Why socio-economic factors have a high impact on businesses, whether big or small

A: A business organization is affected by a number of factors in its internal and external environment.

Q: While game theory predicts noncooperative behavior for a single play of the prisoner's dilemma, it w...

A: As indicated by game theory, a prisoner's dilemma shows a situation in which two people acting egoti...

Q: Developing countries like China and India start promoting investment. Use the Mundell-Fleming model ...

A: The great degree of integration or connectivity among financial or capital markets is one of the mos...

Q: The producer is in equilibrium at a point where the cost line is Above the isoquant

A: To find : When producer is in equilibrium at point 

Q: Which (if any) of these statements are correct?   Empirical results show that trade between two part...

A: The answer is - Empirical results show that trade between two partners tends to be higher among part...

Q: Which of the following countries is both a member of the EU put has not yet joined the Euro and Euro...

A: By unique monetary agreements with the EU, Andorra, Monaco, San Marino, and the Vatican City have em...

Q: The market for drones is perfectly competitive. Assume for simplicity that fractions of everything, ...

A: Market is perfectly competitive , so the optimal point of production is where the price equals the m...

Q: A firm in a competitive marketplace employs 10 workers at a wage rate of $20 per hour, and 10 units ...

A: Cost Minimization Producers utilize cost minimization as a fundamental guideline to identify what co...

Q: If the exchange rate is constant and U.S. imports increase, then in the foreign exchange market the ...

A: "Correct option is c."

Q: For each situation, identify if it is included in GDP, then identify the category C, I, G, or X-M $2...

A: Since we only answer up to 3 sub-parts we will answer the first 3. Please resubmit the question spec...

Q: 12. Discuss how the interdependence of input markets for labor, capital, and land might affect suppl...

A: The price of labour is the wage rate and this wage rate is determined with the help of demand and su...

Q: c) Give a formal definition of increasing, decreasing, and constant returns to sale, and determine i...

A: Increasing Returns to Scale Increasing our inputs by m increases our output by more than m. Constant...

Q: What is the advantage of capital gains treatment of income compared to expensing?  Explain using nat...

A: Capital gains treatment of income With the exception of profits realised from T-bills, which are not...

Q: The single entity of interest is a single Sample O Unit Variable Statistic

A: When talking about entity of interest, it implies the parties or stakeholders related to a specfiic ...

Q: 4.People in other countries want to hold U.S. dollars as a  unit of account. medium of exchange.  ...

A: When talking about US dollar in the international market, it can be said that most of the people rel...

Q: A Chinese etie tys en autonutile produced in Japari tya Caaden company What aopen resu Select one O ...

A: The rate that depicts at which one currency is being measured in terms of another currency is known ...

Q: 8. Fill in the blanks: Suppose that a monopoly faces the following demand schedule. It costs the mon...

A: Price ($) Output TR ($) VC  ($) (3*output) FC ($) TC ($) VC+FC Profit ($) TR-TC 10 1 10 3 4 ...

Q: The price of a ton of coal is 70AUD in Queensland and the nominal exchange rate with the Indian Rupe...

A: The information given is:- Price of coal In Queensland = 70Aud Nominal exchange rate with Indian rup...

Q: You pay a cover charge of $50 to get into a popular local nightclub. As the DJ is playing and you ar...

A: Opportunity cost is the cost that is incurred by giving up the next best alternative while making a ...

Q: 1. If "Apparent Consumption" is adjusted with captive consumption and effect of abnormal factors, on...

A: Answer - 

Q: Firm A and firm B sell identical Soma to a market that has inverse demand p= 120 – Q where Q is tota...

A: Cournot equilibrium price and quantity quantity produced by firm A=q1 quantity produced by firm B=q2...

Q: Select the correct answer below O for each firm when antitrust regulators split this company eacly i...

A: A natural monopoly is a monopoly that exists due to a higher fixed cost of production. This creates ...

Q: You are given the following information about an economy: $ Millions  GDP at Market Prices -1,,669....

A: The gross national product (GNP) of a country is a valuable indicator of its economic activity. Gros...