Consider an H-O economy in which there are two countries (US and France), two goods (wine and cheese) and two factors (capital and labor). In each question below you are given partial information about the model and asked to infer some other part. Treat each question separately and independently.    1. Suppose a decrease in the price of cheese causes a decrease in the wage rate in the US economy. Which factor is used intensively in cheese production in France? Which H-O theorem is used to get this answer? Explain. 2. Suppose France exports wine, the capital-intensive good. Which factor benefits from free trade in the US? Explain. 3. Suppose workers in France benefit when tariffs are increased on cheese imports. Which factor is used intensively in cheese production? What is France's abundant factor? Explain.

Explain the relationship between these two formulas:             Y = C + I + G + EX – IM             S = (Y – T – C) + (T – G)

Please explain steps to formulate the equation in (i)

Suppose that research finds a link between high fructose corn syrup (HFCS) and obesity, which then leads American consumers to switch from HFCS products to pure cane sugar products. The graphs show the markets for cane sugar in Haiti and the United States before the studies were divulged. Shift the curves in the graphs, including the horizontal world price curve, to describe the new trade equilibrium that results after the switch in preferences of American households, and then answer the follow‑up question. Assume that the United States and Haiti are the only non‑HFCS sugar trading parties in the world and that there are no quotas, subsidies, or tariffs distorting these markets.   According to your graphs, at the new equilibrium a. all Haitian cane sugar consumers benefit. b. cane sugar producers in Haiti benefit. d. cane sugar producers in the United States are worse off.

What is meant by comparative statics? Explain with an example. A. The effect of the best feasible choice, such as consumption, on its marginal cost. OB. A change in an outcome, such as consumption, that results from a change in a factor, such as the price. OC. Equilibria across multiple markets, such as labor markets, financial markets, and service markets. OD. Changes in net benefits when a person switches from one alternative, such as consumption, to another, such as no consumption

2. Indicate whether the following statement(s) applies to microeconomics (Micro) or macroeconomics (Macro): a) A U.S. automobile manufacturing firm announced to hire 500 workers last month. (. b) The unemployment rate in the United States was 13.3 percent in March 2020. c) In 2011 an unexpected late spring frost after planting in southwestern Minnesota incurred additional costs to farmers as they replanted, although replanting payments are covered by insurance. (

Identification. Answer the following questions below.

Please solve b,c and d.

Hi can you please help with following questions I am not sure how to solve them please assist with question A    You are the sole survivor of a shipwreck on a desert island. You do not expect to be rescued.You can either use your time to grow food to consume immediately, or to build new tools andbuildings (capital) which will increase your supply of food in future years. a) Sketch your initial production function (total output of food + capital in terms of yourlabour input), and show how to turn this into a feasible set. Show your optimal choiceof how you spend your time, assuming you initially consume everything you produce.

Consider the pizza market in BC. Suppose an innovation in cheese processing technology makes it possible to produce more pizzas at a lower cost than ever before. Holding all other factors constant, What will be the effect of this technology on pizza market. Draw a graph and explain.