Which trade advantage is used more commonly among economists? absolute advantage comparative advantage neither

Q: Which of these countries had the highest per capita expenditures on health care in according to the ...

A: According to the OECD, the top 5 countries that spend the most in healthcare per person as per 2018 ...

Q: Meaning of Public-Private Partnership and its purpose.

A: Public Private Partnership means an enterprise in which a project or service is financed and operate...

Q: 1) Discuss the main features of oligopoly market.   please provide detailed answer

A: Definition An oligopoly is a market structure in which two or more enterprises hold market control, ...

Q: The following graph shows the domestic supply of and demand for maize in Burundi. The world price (P...

A: A country becomes an importer when world price is less than domestic equilibrium price as at world p...

Q: For a certain good, when the good's price falls from $12 to $10, its quantity demanded rises from 10...

A: Price elasticity of demand = %age change in QD / %age change in Price  

Q: Suppose that there were two competing types of high-definition DVD players, Greenbeam and Mosdef. Gr...

A: Network externality occurs when the value of a good is determined by the number of consumers.

Q: Define returns to scale and it's all aspects.

A: Returns to scale Returns to scale refers to the proportionality of changes in output when all inputs...

Q: What is Foreign Direct Investment (FDI) all about?

A: An investment is defined as asset which is acquired with the goal of earning income. This can be in ...

Q: 3. How much do you need to deposit today (P) to withdraw BD25,000 at n=1, BD3,000 at n= 2, and BD5,0...

A: Given amount to withdraw in year 1 = 25000 Year 2 = 3000 Year 4 = 5000 Interest rate = 10 %    

Q: How did Japanese private and public sector labor policies affect Japanese production during its high...

A: Japanese private and public sector labor policies have been affected most of the Japanese production...

Q: 3. The rate of inflation as of Thursday is 6 %, this is expected to continue. Sylvia wants to earn a...

A: Given Rate of inflation =6% We know that the real rate of interest = nominal interest rate minus the...

Q: You've got lucky and about to get married. You are looking for an apartment to buy. Your savings fro...

A: Lenders charge borrowers an interest rate based on a percentage of the principal, which is the amoun...

Q: Find all Pareto optimal allocations, the egalitarian allocation and the competitive equilibrium with...

A: Pareto efficient/optimal allocation refers to the point deviating from which no one could be made be...

Q: Answer the following:   2. Which of the following is the MOST valid assumption about money? * A. Mon...

A: Introduction 2) The most valid assumption about money is option A) Money alters individuals percepti...

Q: In the COMPLEX AD/AS model assume actual real GDP is $19.2 trillion, the price level (GDP Deflator) ...

A: In the AD-AS model, equilibrium occurs at the intersection of AD and AS curves.

Q: You are running a chocolate factory and need to decide on the price to sell the chocolate as well as...

A: Profit maximiser firms decide to charge price and output determination is set when marginal cost and...

Q: Which of the following was a way for the Bureau of Labor Statistics to reduce the quality/new good b...

A: When talking about the consumer price index (CPI), it is considered as the inflation measuring tool ...

Q: GRAPH SETTINGS Reset Country-X Initial Value ($50 – $10,000) 1,000.00 Value (thousands of dollars) [...

A: The correct answer is given in the second step.

Q: Explain how an increase in oil prices will accelerate transition to a backstop technology.

A: A backstop technology is a new technology that produces a near counterpart for an exhaustible resour...

Q: What is Microeconomics?

A: Economics is concerned with the production, distribution, and consumption of goods and services. It ...

Q: What if the Global Strategy to Reduce the Harmful Use of Alcohol is achieved? 2. What if the Global ...

A: Helath is vey important for human capital . And compromising with this lead to loss of life of itsel...

Q: The statement "government should provide affordable health care coverage for every member of society...

A: In economics, we can undertake statements in two manners. One in which they are based on facts and r...

Q: Find the compound amount after year if $100 is invested at the rate 6%, payable quarterly. What was ...

A: given that, principle(P) is $100 time(t) is one year rate(r) is 6 percent  

Q: 27) What do we know about fixed costs?  A. They are incurred only when production is at capacity  B...

A: The firms operating in a market incur two types of costs, fixed costs, and variable costs. Variable ...

Q: Consider two lotteries: • Lottery 1: The gamble (0.1,0.6,0.3) over the final wealth levels ($1, $2, ...

A: People who prioritise capital preservation over the possibility of a higher-than-average return are ...

Q: When an optimistic approach to concurrency control is applied, it is common for transactions to take...

A: OCC, sometimes known as optimistic locking, is a concurrency control approach used in transactional ...

Q: In the two-period model, suppose that current consumption is a normal good. If the interest rate inc...

A: The two-period model is the one which explains the relationship between current consumption and savi...

Q: In its 2021 Budget, the Canadian federal government estimated that for the fiscal year 2021-22, its ...

A: Large federal budget deficits are dangerous to the fiscal health of the Canadian federal government....

Q: Se Ri Pak, age 23, recently graduated with her bachelor's degree in library and information sciences...

A: She can contribute 6% of her compensation/salary to the arrangement and her manager will likewise co...

Q: Analyze factors that impact business strategy within VR, AR and MR

A: Virtual reality(VR), augmented reality(AR), and mixed reality(MR) are boosting productivity in a var...

Q: given this payoff matrix what should SA and V choose to do? is there a prisoners dilemma? Qon 3m 744...

A: Given Pay off matrix

Q: Price elasticity of demand for gasoline is estimated to be -0.3 in the short run and -1.2 in the lon...

A: Given  Short-run price elasticity of demand for gasoline =-0.3  Long-run price elasticity of demand ...

Q: TRISTAN WALKER is the founder of Walker & Company, which makes health and beauty products for people...

A: On got some information about the best guidance he at any point got he referenced: Actor and maker T...

Q: The groups who spend aggregate income are: O Households, businesses, governments and foreign sector ...

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

Q: Determine if the statements are true or false. Justify your answer. 1. In a Stackelberg duopoly, in ...

A: There are different forms of market under duopoly system, such as stackelberg duopoly, cournot duopo...

Q: . Assume that money velocity is constant. . Suppose the money supply increases by 12%. What do you e...

A: a. If money supply rises but velocity remains constant, the output must rise to keep prices from fal...

Q: Canada's progressive income tax system results in a more equal after-tax distribution of income when...

A: Tax refers to the compulsory charge taken by the government of the country from individuals without ...

Q: 1) Describe the main assumptions of perfect competition and monopoly.

A: Perfect competition is refer to the market that has the large number of the buyers and the sellers, ...

Q: Use the below table to answer this question: Marginal Opportunity Cost Number of Forklifts Total Ben...

A: Marginal Opportunity Cost is the additional cost incurred by buying an additional forklift . It is g...

Q: The unemployment rate is 11.5%, the natural rate of unemployment is 7.5%, and the potential rate of ...

A: Given information: Current unemployment rate: 11.5% Natural unemployment rate: 7.5% Potential GDP r...

Q: You bought an antique car three years ago for $500 000. Today it is worth $650 000.(a) What annual i...

A: Time (t =) 3 years;    Principle (P) = $500,000   Worth after 3 youlf x= $ 150,000

Q: 4. The real GDP in the first quarter of 2020 was found to be $500,000 and the number of hours worked...

A: 2020 data:- Real GDP = $500,000 No of hours worked = 5000 2021n data :- Real GDP rose to = $720,000 ...

Q: This refers to the premium to compensate investors for not having to convert their investments into ...

A: In the bond market, investors and borrowers interact with each other to make an exchange of monetary...

Q: 1. For the following production functions, find the firm's (long run) conditional factor demand func...

A: A firm minimizes cost by employing the number of inputs at the point where marginal rate of technica...

Q: 2. For the following questions, suppose the firm has the production function f(x,x2) = x,2x/2. The m...

A: Given  Production function: f(x1,x2)=x11/2x21/2                 .... (1)

Q: Do you agree on the statement “supporters of import restrictions favor producer welfare than consume...

A: Import restrictions mean various types of trade restrictions imposed on the import of goods and serv...

Q: A central bank that increases the money supply in its economy has more effect on spending the more i...

A: The total volume of money that is being held by the public at a particular point of time in the econ...

Q: How should commodities be priced in a competitive economy so as to ensure that consumer's plus produ...

A: Total surplus is defined as the measure of total wellbeing of all the members of the society, that i...

Q: MIXED STRATEGY NASH EQUILIBRIUM Consider the following game in strategic form. bị b2 a1 19,1 80,70 a...

A: Mixed strategy games are those in which players choose any strategy based on a probability distribut...

Q: Consider the Nash Bargaining game. There are 2 players who have to decide how to split one dollar. T...

A: The Nash equilibrium is the point at which both participants' dominant strategies are in balance and...