Which of the following does NOT describe Agriculture in Tanzania? O Employees 67% of people O GDP of 23% Export earnings of 30% O Very strong agro-processing industrial base
Q: A profit maximizing firm produces output using capital, K, and labour, L, in the following…
A: We have given the cobb Douglas production with L=22.
Q: The domestic demand and supply for sugar are, respectively, Qd = 60,000 − 400P and QSD = 5,000 +…
A: Demand: Demand for a commodity can be defined as the desire and willingness of a consumer to acquire…
Q: Envelopes (per hour) 200 160 Deb's PPF 120 Pete's PPF 80 40 40 80 120 160 200 Packets (per hour) Deb…
A:
Q: Suppose that you are interested in determining the average height of a person in a large city. You…
A: Standard deviation is a proportion of how much variety or scattering of a bunch of values. A low…
Q: If the marginal prospensity to consume is 0.75, an increase in autonomous investment of 800.00 will…
A: Marginal propensity to consume = 0.75 Rise in autonomous investment = 800
Q: Price discrimination does not occur in perfectly competitive markets, such as the market for wheat.…
A: In perfect competition, the producers cannot discriminate because all consumers have perfect…
Q: PCM. The finm's short-rur function is given SC = 7q' -0.2q' + 4g + 1 a. Derive the short-run su
A: *Answer:
Q: Suppose that B owns an automoble colision repair shep and the tabie beiow shows the puaruty of cars…
A: Total cost is a sum of variable cost and fixed cost. Fixed cost remains constant and variable cost…
Q: xplain the supply-side effects of fiscal policy on employment and potential GDP
A: Employment increases when production activities increase in the economy because when producers…
Q: What are some general factors that can impact the demand for a product and the supply of a product?…
A: Law of demand states that there exists negative relationship between price of a good and quantity…
Q: Price (dollars per unit) Price (dollars per unit) D Quantity (units per month) Quantity (units per…
A: Deadweight loss refers to decrease in total surplus when socially efficient quantity is not…
Q: For small, open economies that export and import a large volume of goods and services, a fixed…
A: In the international market, exchange rate are determine under fixed or flexible exchange rate…
Q: Given the following demand and supply schedules for banana, you solve for the following problems.…
A: Price elasticity of demand is defined as the percentage change in quantity demanded due to a…
Q: Why is consumption spending insufficient to explain economic growth and rising standards of living?
A: Economic growth basically defined as a rise in real GDP, or the value of national production,…
Q: Discuss the basic economic problem of scarcity. Be sure to include a definition of the term, how it…
A: Basic Economic problem of Scarcity: One of the most fundamental economic issues we experience is…
Q: Discuss the three functions of money and the characteristics needed to make money n effective medium…
A: A medium of exchange is an instrument or system that facilitates the sale, purchase, or exchange of…
Q: iven the following graph, calculate how many cakes we would need to give up to produce one cookie…
A: here we calculate how many cakes we would need to give up to produce one cookie by the following…
Q: The external marginal cost of producing coal is MCexternal = 4Q while the internal marginal cost is…
A: Demand = 1800 - Q MCExternal = 4Q MCinternal = 4Q
Q: What is the difference between the national debt and the deficit?
A: Debt and deficit are two of the most well-known terms in all of large scale money, and they're…
Q: 2, 2 6,1 1,1 Player 1 B 1,6 5,5 1,1 C 1,1 1,1 4,4 Consider the simultaneous move game represented in…
A: The subgame perfect Nash equilibrium, or SPNE, is defined as the Nash equilibrium of all the…
Q: The Federal Reserve can target both the money supply and interest rates simultaneously. O True O…
A:
Q: (Q#1) A family finds itself experiencing a rash of unexpected medical |problems that prove costly…
A: We will answer the first question since the exact one was not specified. Please submit a new…
Q: Question 1 What generally is best to increase aggregate demand or GDP? • a. Lots of imports to the…
A: Aggregate demand is the demand of an economy as a whole and the GDP refers to the final values of…
Q: used (or are often used
A: Numerous economists support free trade. Be that as it may, in certain conditions, there are…
Q: Jack's production possibilities Production Jill's production possibilities Food Clothing (pounds)…
A: The answer is - D) food, clothing In, the table above, Jack's comparative advantage is producing…
Q: The market position of Easy-Freeze Dinners shows that competition is heavy, though marginal…
A: Here, it is given that the market of Easy-Freeze Dinner is highly competitive, but some or marginal…
Q: Show the effects of an increase in the world interest rate on the market for loanable funds and the…
A: The market of loanable funds is base in the concept that the market interest rate is determined by…
Q: When state legislatures consider changes to unemployment benefits or tax rates or both,…
A: Lobbyists It refers to an individual or private group who works to influence the decision of the…
Q: Lidia recently purchased a home and obtained a mortgage from the bank at a nominal interest rate of…
A: The relationship between inflation , nominal interest rate and real interest rate is explained by…
Q: The ________ determines if imports from other countries are being fairly traded in the U.S.…
A: World Trade Organization is an international organization which facilitates the international trade.…
Q: How would the AD/AS model be different if it assumed rational expectations rather than adaptive…
A:
Q: Which of the following best describes the uncertian consequences of the policy that the FED plans to…
A: Answer: There occurs a trade-off between inflation and unemployment in the short-run. If the fed…
Q: Discuss the relationship of price to consumerperceptions of quality.
A: Customer perception is important in many areas, including customer understanding, communications and…
Q: Assume a government starts with zero debt. This government then runs an annual deficit for 28 years…
A: Given: Government debt = Zero (0) Annual Deficit = $3,351 Year = 28 To Find: The government debt…
Q: Instructions: Upload your answers to this worksheet on SOUL in one single PDF file. Perfect…
A: Market is the place where economic agents interact and exchange goods and services. There are four…
Q: c. Subsidy. Suppose the government mandates that the schools accept all students seeking acceptance…
A: Supply: P = 1 + 0.5 Q Demand: P = 15 – 2Q P = 2000 The government will subsidize the difference…
Q: The company you work for just bought a high end milling machine for $389,000, which the vendor is…
A: A Company has purchased a high-end milling machine for $ 3,89,000. The operating cost of the mill is…
Q: Please answer fast please arjent help please fast please
A: Unemployment is the rate of unemployment that exists in an economy within the given time period or…
Q: What is the philosophical, economic essence of Keynesian doctrine or “Keynesianism” that emerged…
A: The philosophy of Keynesian doctrine or Keynesianism on the great depression was that there exist…
Q: Describe what will happen to equilibrium price and quantity of each commodity given the…
A: The equilibrium price is the point at which the quantity demanded (Qd), and quantity supplied (Qs)…
Q: The current account balance is equivalent to an excess of domestic expenditure (C + I+ G) over gross…
A: When the government is short, it spends more thàn it taxes. Can borrow from in public, which may…
Q: U.S. Inflation Rises at Faster Pace With the consumer price index rising at a faster pace,…
A: Causes of inflation can be traced to - cost push and demand pull inflation. In cost push inflation,…
Q: P1| P2 Left Middle Right Left 4,2 3,3 1,2 Middle 3,3 5,5 2,6 Right 2,1 6,2 3,3 Consider the…
A: Answer - Subgame perfect nash equilibrium :- Subgame perfect nash equilibrium is an equilibrium of…
Q: 3.* Consider the Heckscher-Ohlin model with the following production functions for food and cloth…
A: The production function having higher rate of marginal technical substitution of capital in place…
Q: 3. The elasticity rates after the same level devaluations of the Bank of Canada and the FED are…
A:
Q: Loans are classified "pass" when the full repayment of interest and principal is not in C. full A.…
A: Hi! thanks for the questions but as per the guidelines, we answer only one question at one time.…
Q: What is the current U.S. unemployment rate? Why has it changed over the last 15 years or so?
A: The current U.S. unemployment rate is 3.6%.
Q: If a firm is making negative economic profit in a perfectly competitive output market (as described…
A: "Since you have asked multiple questions, we will solve first question for you .. If you want any…
Q: Suppose that Lauren is a savvy investor and expects inflation to equal 7 per cent in 2020, but, in…
A: Inflation is defined as a gradual increase in the prices of goods and services in the economy,…
Q: Figure: Monopoly Profits 2 18 16 14 12 10 8. 6. MC - AC MR 20 40 60 80 100 120 140 160 180 Q What is…
A: Answer; Option (a) is correct
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- The value of what Burger King produces in France is included in the United States and in the French O A) GDP; GNP O B) GDP; GDP O C) GNP; GNP O D) GNP; GDPc. Compare the agricultural employment share and agricultural labor productivity, boththe level and the trend, between the two groups of countries(high-income vs. low-income countries). What can you tell about the differences?d. The theory in Lagakos and Waugh (2013) explains the low agricultural labor productivityin low-income countries with self-selection. Explain the main mechanism of the theory onhow self-selection leads to low agricultural labor productivity in poor countries. (both c and d please)Which of the following was NOT an important economic development under the Song dynasty? O a. The emergence of southern China as the agricultural heartland of China proper Ob Increased commercialization of agriculture and the spread of cash-cropping O c. Growth of maritime trade O d. Abolition of private property O e. Experimentation with paper currency
- Quèstion 16 any point under the production possibility frontier represent O unemployment O inflation O growth O efficiencywine 90 80 70 60 50 40 30 20 10 PPF ܝܝܝܕܘ Portugal CPF 0 10 20 30 40 50 60 cloth wine Ob) Production of cloth in England will fall to zero, while the price of wine will increase to %ydbo O (c) Production of wine in Portugal will increase to 90 while the price of cloth will tail to 2 yabole O() Production of wine in England will increase to 60, while the price of cloth will tall to 3 bottleslyd 88284821 90 80 70 60 50 40 30 20 10 England PPF 0 0 10 20 30 40 50 60 cloth 13. According to the above sel of production possibiles and consumption (trade) possibites onders, what will happen to production and relative prices once trade is opened between these two countes? O(x) Production of cloth in Portugal will fall to zero, while the price of wine will fall to % ydb CPFThe primary reason that living standards in some countries are higher today than they were a century ago is that O a. Human capital has increased O b. physical capital per worker has increased O c. more productive natural resources have been discovered Od. technological knowledge has increased
- 9. Answer ALL parts of this question. Consider the standard trade model with two goods and two factors, labour and capital. (a) Suppose that a country experiences an increase in its labour force. Assume thatgood X is labour intensive and good Y is capital intensive. How would theproduction possibility frontier change as a result? Illustrate this with a simplediagram. (b) What does it mean for the “terms of trade” to improve and why might this matter interms of welfare? (c) Consider two countries: Home and Foreign. Each country produces two goods,cloth (C) and food (F). Assume Home is an exporter of cloth. Now suppose Homeimposes a 20 percent tariff on the value of food imports. What will be the effect ofthe food tariff on the relative price of cloth and terms of trade? Illustrate youranswer with a relevant diagram. You may assume that Home is large enough toaffect the world market.FIGURE #1: Food products W Plastic products TABLE #1: Possible Output Wheat Dumplings (in pounds) Combinations (in pounds) A 63 54 90 C 45 171 D 36 243 E 27 306 F 18 360 9. 405 H. 441Question 35 Autarky is a situation in which a country is economically O developed O dependent on a single firm O limited to own resources without trade underdeveloped
- Which of the following is NOT a benefit from trade? O a. the ability to specialize O b. an increase in the variety of goods and services available O c. reduced competition O d. lower pricesYear 1960 1970 1980 1990 2000 Real GDP per Capita $1,571 2,777 4,830 9,959 15,881 (Table: South Korea's Real GDP per Capita) Use Table: South Korea's Real GDP per Capita. As a percentage of real GDP per capita in 2000, approximately how much did South Korea produce in 1960? O a. 1,011% Ob. 15% Oc. 10% Od. 151%24 of 38 For each hour worked, a U.S. worker can produce 4 loaves of bread, or 2 tons of steel. Canadian workers can produce 2 loaves of bread, or 1 ton of steel per hour. The information indicates that: O A. Canada has comparative advantage in steel, and the U.S. has comparative advantage in bread. O B. neither country has comparative advantage in steel or bread. O C. Canada has comparative advantage in bread, and the U.S. has comparative advantage in steel. O D. the U.S. has comparative advantage in both steel and bread. Unsure