Suppose you are interested in the hypothesis that internet access is a significant contributor to economic development and you want to quantify the magnitude of such contribution. To do this correctly, you could: O look at the correlation between PPP GDP p.c. and internet access across countries compare income in villages that have higher internet access with villages that have lower internet access O implement a policy in which you randomly subsidize internet access for some villages but not others either of the previous options is enough

Suppose you are interested in the hypothesis that internet access is a significant contributor to economic development and you want to quantify the magnitude of such contribution. To do this correctly, you could: O look at the correlation between PPP GDP p.c. and internet access across countries compare income in villages that have higher internet access with villages that have lower internet access O implement a policy in which you randomly subsidize internet access for some villages but not others either of the previous options is enough

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

Suppose that your family has just decided to adopt a golden retriever named Hailey. You have a monthly budget of $50 that you can choose to spend on either dog treats or other consumption goods. Assume the price of a bag of dog treats is $4 for the first 5 bags, but then it drops to only $3 per bag for each additional bag. All other consumption goods will be treated as a composite good, so you can think of this as simply the cash left over to spend on other items after buying dog treats. On the following graph, use the blue points (circle symbol) to graph your family's budget constraint. Remember to plot from left to right. Line segments will automatically connect the points. OTHER CONSUMPTION (Amount per month) 35 30 25 D 2 10 12 14 10 DOG TREAT BAGS (Bags per month) 18 20 Budget Constraint
explain this slide in regards to green economy. i need atleast 2 minutes of talking points with key points being bringing moeny to local economies, and providing a global example, and on the con side of economy is dependent on tourists, and greenwashing
QUESTION 7 The following table shows GDP per capita in the UK and China, measured in US dollars. Year U.K. 2016 41194 2017 40407 2018 43114 2019 42379 China 8120 8823 9920 10522 What can you safely conclude from these data? O a. The UK economy is larger than the Chinese economy O b. The Chinese economy is growing continuously O c. There is less income inequality in the UK than in China O d. Quality of life is higher in the UK than in China
2 Short questions 1. Give an advantage and a disadvantage of using real GDP per capita (PPP) as a measure of wel- fare. Explain if the disadvantage you identified means the GDP in PPP over or underestimates welfare. 2. In 2021, India's GDP per capita was USD 2256, and 7248 in PPP dollars. For the same year, Brazil's GDP per capita was USD 7507 and 16031 in PPP dollars. Which country has the higher price index? According to the Balassa Samuelson hypothesis, which country has the higher relative productivity of tradable? 3. In the theoretical Malthusian model, the law of motion of population is given by Lt+1 = nt Lt. However, we use the equation Lt+1 = 2 (AX) (L₁)¹-a to solve the model. Explain how the two equations relate, and why we can't use the first one to solve for the evolution of population directly. 4. Suppose the utility function of parents is given by u(c, n, h) = (1 −y) lnc + y(ln n + ß lnh), where c is consumption, n is number of children, and h is their human capital. As in…
Farm-A and Farm-B grow the following amounts of potatoes and cabbage in their famrs: Farm-A takes one week to produce 107 units of potatoes and 208 units of cabbages Farm-B takes one week to produce 125 units of potatoes and 160 units of cabbages a) What is the opportunity cost of Farm-A to produce 20 units if cabbages b) What is the opportunity cost of Farm-B to produce 12 units of potatoes
Suppose that a worker in Country A can make either 10 iPhones or 5 iPads each year. Country A has 100 workers. Suppose a worker in Country 8 can make either 2 iPhones or 10 iPads each year, Country B has 200 workers. Which of the following is a bundle of goods that Country B could not make? Multiple Choice (400 iPhones, 250 iPads) O (300 IPhones 500 iPads) (200 iPhones, 750iPads) (100 iPhones, 1,000 iPads)
The following diagram is for Country A based on the Ricardo model. Wheat (millions) 30 Terms of Trade E 15 PPF Corn 25 30 50 (millions) Refer to the figure above. Imports of this country equal_ O 25 million corns O 50 million corns O 15 million wheat O 30 million wheat
The current performance of the South African economy shows that... O A. South Africa is operating on the PPF curve. B. South Africa is operating within the PPF curve. O C. South Africa is operating on beyond the PPF. O D. South Africa has a straight line PPF.
Suppose that Russia produces 10,000,000 barrels of oil and 1,000 bushels of wheat each week. Suppose that India produces 10657 barrels of oil and 10657 bushels of wheat each week. In autarky, what is the largest amount of wheat Russia can consume every week? amount of wheat per week: What does the term autarky refer to? O a major argument against globalization government policies meant to reduce international trade the process of negotiating terms of trade between two countries a situation where one country does not engage in trade with other countries bushels
2. Kayla has 10 hours to pick berries, to catch trout, and to invest in a net. In the absence of investment, it takes Kayla 2 hours to pick 1 basket of berries and 2 hours to catch 1 trout. Kayla has the option to invest by devoting 2 hours into weaving a net. If she weaves a net for 2 hours, then it takes her 2 hours to pick 1 basket of berries and 1 hour to catch 1 trout. Suppose that the government imposes a quantity restriction of 4 baskets of berries. That is, Kayla is allowed to pick anything between 0 and 4 basket of berries, but not more than that. There is no quantity restriction on trout and Kayla has the option to invest in a net. Outside merchants buy and sell trout and baskets of berries at prices PT = 2 and PBB 1, respectively. = Sketch Kayla's PPF and CPF, and indicate the point of production. Clearly label your graphs (i.e., indicate values for slopes, intercepts, and point of production).
tulet10r.01.038 The study of microeconomics and macroeconomics differ in that: a. microeconomics examines the individual markets of the economy while macroeconomics studies the whole economy. b. microeconomics examines the whole economý while macroeconomics studies the individual units of the economy. O c. microeconomics is concerned with the domestic economy and macroeconomics is concerned only with the international economy. O d. microeconomics studies the actions of households and macroeconomics studies the actions of business firms. stions Navigation Menu
Two important industries on the island of Bermuda are fishing and tourism.According to data from the Food and Agriculture Organization of the United Nationsand the Bermuda Department of Statistics, in 2009 the 306 registered fishermen inBermuda caught 387 metric tons of marine fish. And the 2,719 people employed byhotels produced 554,400 hotel stays (measured by the number of visitor arrivals).Suppose that this production point is efficient in production. Assume also that theopportunity cost of 1 additional metric ton of fish is 2,000 hotel stays and that thisopportunity cost is constant (the opportunity cost does not change).a. If all 306 registered fishermen were to be employed by hotels (in addition to the2,719 people already working in hotels), how many hotel stays could Bermudaproduce?