Consider a country with n citizens, and let νi be the value that citizen i attaches to protesting. Enumerate the citizens so that citizen 1 attaches more value to protesting than citizen 2, who attaches more value than citizen 3, and so forth: ν1 > ν2 > . . .  > νn(= 0), where citizen n attaches no value to protesting. Assume that the cost of protesting is the same for all citizens and is c/m where c > 0 and m is the number of protestors. Then the payoff to citizen i from protesting is νi - (c/m), while the payoff from not protesting is zero. Assume that ν1 - c < 0. Find all Nash equilibria.

How do many economists feel about protecting infant industries?   Question 30 options:   Protection may not always be necessary for infant industries, but it has proven to be useful in most cases.   Protection is not necessary for an industry to grow.   Protection is necessary because if young industries are not protected, they may suffer losses.   Protection is necessary in order for young industries to compete against foreign companies.

Sometimes the exports of developing nations are concentrated in only one or a few primary products. For example, according to World Bank data, coffee constitutes almost 90% of Burundi’s total exports. Therefore, changes in demand or supply of coffee can have significant effects on the health of Burundi’s economy. The current world price of coffee is $5.00 per pound, but there is uncertainty about the shape of the demand and supply curves. The following graphs (scenario A and scenario B) show two possibilities for demand and supply in the market for coffee.   Suppose that favorable growing conditions cause an increase in the global supply of coffee. On the following graph, shift the demand or supply curve of scenario A to show what happens in the market for coffee as a result of this event.   Note: Select and drag one or both of the curves to the desired position. Curves will snap into position, so if you try to move a curve and it snaps back to its original position, just drag it…

Give 10 examples per each about MICE tourism.

Consider the Hecksher-Ohlin model. Let the total endowment of capital in Home and Foreign be 30 and 20 units, respectively. Let the total endowment of labour in Home and Foreign be 20 and 10 units, respectively. Which of the statement below is true? A. If there is trade, Foreign will export the labour intensive good B. Home is capital-abundant C. Foreign is labour-abundant D. Home has comparative advantage in the labour intensive good E. There's insufficient information to discuss comparative advantage

Consider two outcomes in a pure exchange economy: Outcomes 1 and 2. Outcome 1 is Pareto efficient. Outcome 2 is not Pareto efficient. If outcome 2 (not pareto efficient) moves to outcome 1 (pareto efficient), is it true that moving from outcome 2 ( outcome 2 is not pareto efficient) to outcome 1 (outcome 1 is pareto efficient) is a pareto improvement?

Country A has a natural climate that is perfect for growing strawberries - long sunny seasons and plenty of rich, well drained soil. Country A also has a big labor force with agriculture knowledge and can produce 80,000 baskets of strawberries in one growing season.   By contrast, Country B’s climate is less well-appointed for strawberries - a shorter summer season with large areas of red clay. They also have a smaller population trained in agriculture. Country B can only produce 30,0000 baskets of strawberries in one growing season.   In this scenario and with this information, Country A has Group of answer choices Absolute advantage for producing strawberries Comparative advantage for producing strawberries The lowest synthetic advantage for producing strawberries Elastic advantage for producing strawberries

A small Canadian firm that has developed some valuable new medical products using its unique biotechnology know-how is trying to decide how best to serve the European Union. Its choices are given below. The cost of investment in manufacturing facilities will be a major one for the Canadian firm, but it is not outside its reach. If these are the firm’s only options, which one would you advise it to choose? Why? Manufacture the product at home and let foreign sales agents handle marketing. Manufacture the products at home and set up a wholly owned subsidiary in Europe to handle marketing. Enter into a strategic alliance with a large European pharmaceutical firm. The product would be manufactured in Europe by the 50–50 joint venture and marketed by the European firm. please help with this discussion post

Consider the Heckscher-Ohlin-Samuelson model for the US producing 2 goods (digital cameras and baskets) using 2 factors (capital and labor). Let the production of digital cameras be relatively capital-intensive. If foreign owners of domestic capital decide to decrease their investment in the US, how would that affect the output in each industry?

If the capital/labor ratio in import-competing industries in country A is $8,000 per worker and the capital/labor ratio in A 's export industries is $4,000 per worker, then country A's "Leontief statistic" is a. 0.50 b. 0.67 c. 1.00 d 2.00