What are some of the pros and cons of expansions and contractions in consumption in a country when it opens up to trade. Please give an examples.

Q: Consider the data for a known country for the consumer price index (CPI), by components:(base year…

A: a) The value of the CPI index in December 2018 is 107.76. The value of the CPI index in the Base…

Q: Write short notes on the following with example:     (a) Comparative advantage; (b) Absolute…

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Q: Is it possible for the central bank to control inflation despite a spike in the CPI? *please explain

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Q: Assume that the Phillips curve equation is represented by π = π +0.1 - 2ut where π = 0-1. Suppose 0…

A: The expected inflation is equal to the past year inflation.

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Q: 5. Suppose a firm's production function is given by: q=10√/Ef + Em where Ef and Em are the number of…

A:

Q: 2) A monopolist is deciding on the quantity of output to produce in two different countries. Demand…

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A: Since the breakdown of feudalism, capitalism, also known as free market economy, has been dominant…

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A: The monetary policies are those policies which are enacted by the central bank of a country to…

Q: Suppose the marginal productivity of capital is 50 units of output and the marginal productivity of…

A: The Equilibrium condition: MPL/W =MPK/r

Q: thome country and Country B as the foreign country at the real output growth rate in country A falls…

A: *Answer:    Real output growth represents output growth in respect of inflation and is a true…

Q: If the Fed purchases government securities, the Aggregate Demand curve shifts Answer cannot be…

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Q: In the below figure, a consumer is initially in équilibrium at point C. The consumer's income is…

A: We have two goods X and Y and there is an Boucher of worth $150 for good X.

Q: T S A 3,1 5,6 B 2,5 3,4 C 4,2 6,3 Consider the following repeated game. The simultaneous move game…

A: Given pay off matrix Player 1 has 3 strategy : {A,B,C} Player 2 has 2 strategy :{ T,S)

Q: Answer the following questions on the basis of the following three sets of data for the country of…

A: Aggregate supply:- Aggregate supply indicates the amount of production that enterprises would…

Q: True or False? Make explanation please. If u-un is equal to zero, the output is at potential.

A: Optimal level of output is the result where the minor income got from the last unit offered rises…

Q: Tim has borrowed money from Lisa and proposed to pay back the money in two payments. Tim suggested…

A: An economic value is a kind of value which indicates some willingness to pay for this good or some…

Q: ich of the following would be true in a typical PPF curve? The resources needed to make both goods…

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Q: Every year workers immigrate to the United States. If they are mostly low-skilled workers, then a…

A: The transfer of individuals from their home nation or area to another country, of which they are not…

Q: In computing the consumer price index (CPI), a base year is chosen. Which of the following…

A: The price index is described because the relative prices of products and services in a specific…

Q: Aroha has to choose among three possible activities to do on Sunday morning. She ranks her…

A: The opportunity cost of doing any activity is the sacrificed value of the next best alternative.…

Q: P&G 1.10 1.20 1.30 1.10 -226 -215 - 204 1.20 - 106 - 89 -73 1.30 -56 -37 - 19 1.40 -44 -25 -6 1.50 -…

A: The prisoner's dilemma is a decision-making paradox in which two people acting in their own…

Q: The demand and supply for bicycles is given by: Q = 1000 - 10P and supply is: Q³ = 2P - 20 6.…

A: Given; Supply function; Qs=2P-20 Demand function; Qd=1000-10P Sales tax= 20%

Q: 9 onypont at which demandourvetouches ATC crve west point on ATC arve 45-4 Q₂ Quantity Refer to…

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Q: 25. Which of the following is NOT a non-price method that a supplier could use to allocate a good…

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Q: The wage rate (w) is $10 and the rental rate uppose that a firm had a production function given by:…

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Q: On Friday, 27 September, 2019, the Minister of Finance, Honourable Dr. Bwalya Ng’andu, MP, presented…

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Q: Smithson Cutting is opening a new line of scissors for supermarket distribution. It estimates its…

A: Given information is: Fixed cost: $500 Variable cost: $0.65 per unit Selling price: $0.85 per unit…

Q: Use Figure 1 above to determine the effect of the following changes on the exchange rate. For each…

A: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-parts at a…

Q: Which type of unemployment is not included in the natural unemployment rate? Why? Which phase of the…

A: The natural rate of unemployment refers to the unemployment that stays in a healthy and growing…

Q: Consumer's Utility: U=2Y2-16Y What is the utility maximizing level of income?

A: Utility function : U = 2Y2 - 16Y  In above expression utility is a function of income . Utility is…

Q: Using the theory of liquidity preference what effect does an increase in the money supply has on the…

A: Equilibrium interest rate is determined by the demand and supply of money.

Q: Question #2: 2) Your company purchases a new CNC machine for $100,000 today (beginning Year 0). In 8…

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Q: Your younger brother needs $600 to buy a new computer. He has opened a sandwich stand to make the…

A: The elasticity of demand is the reaction of demand due to change in price of goods and services,…

Q: What is the marginal benefit associated with producing six units of the control variable, Q…

A: Marginal benefit refers to additional benefit derived from producing one more unit of input.

Q: Find the average time per unit required to produce the first 35 units, if the slope parameter of the…

A: Given,   Number of units(x)= 35  Learning rate = 85%  Time to produce first unit =448

Q: There are two shows on Netflix that Jeff can watch, Show 1 and Show 2. Where x₁ measures the number…

A: Indifference curve:- An indifference curve can be explained as graph that shows a group of…

Q: Producter of: P(lik) = -2 (²-k² + 20 ( +20k 2=4 k=S Y = 1200 how to distribute the mustment between…

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Q: In an imaginary country the labor force is 50 million and the unemployment rate is 20%. The number…

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Q: N. If the demand curve for a life-saving medicine is perfectly inelastic, then a reduction in supply…

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Q: Figure 4.1 illustrates the demand and supply schedules for pocket calculators in Mexico, a "small"…

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Q: Suppose an economist develops an international trade model based on the assumption that there are…

A: The Ricardian model shows the likelihood that industry in a created country could contend with…

Q: 1. Utility and Consumer Surplus A. Use the figure below to fill in the total utility and marginal…

A: Marginal utility is the addition to the total utility when one more unit of a product or a service…

Q: 1. How much output will this firm produce and what price will it charge if it wants to: maximize its…

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Q: Up Down Up Down Up gets P2 gets $15 P1 gets $10 P2 gets $10 P1 gets $85 P2 gets $85

A: The Nash Equilibrium addresses an activity/action profile for all players in a game and is utilized…