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- Draw the graph by using the Malthusian model to analyze the change in real wages in the short and - long-run after the discovery of the Atlantic trade route in Britian? Show any movement along curve or shift in curve? How will you justify increase real wages in a predominantly agrarian economy such as Britain? Analyze the effect on real wages in relation to the subsistence wageI5 The world’s R/P ratio for oil has been approximately 50 years for the last two decades. Explain what this means and how it is possible that the R/P value has not significantly decreased despite continual production of the resource over the last two decades.Why would U.S. companies consider moving production outside of our country?
- Hello, i have posted this question many times in bartleby, but every time people answering this question to use ai tool like chatgpt, please dont use gpt and other ai tool. Provide me original answers with proper explanations. thank you.Question: What is the Production Possibility Frontier?Please Don't use chatgpt or other ai tool. If you know correct answer then attempt if you gave wrong answer then i gave many dislikes for you and more from my friends accounts also.(This is a complete question) Ghana’s government wants to shift from agriculture to manufacturing. To do so, the government plans to implement a policy of import substitution industrialization (ISI). About half of Ghana’s population depends on agriculture, but Ghana still imports some of its food. The majority of Ghana's people live in rural areas and exist on a subsistence way of life. Ghana has one of the highest rates of income inequality in the world. Nearly half of the population is employed in agriculture. Explain import substitution industrialization and how it can affect Ghana. What role does learning by doing play, and when does it make sense for the government to interfere?Why did most countries of Latin America follow inward-looking strategies after WWII? List th changes in the economic history of Latin America before WWII. Then list 3 of the components of import-substitution industrialization followed in the region and provide an example of a typical ISI business.
- Which of the following statements are true about MNCs?a) A MNC is a company that owns or controls production in more than one nation.b) MNCs set up offices and factories for production in regions where they can get cheap labour and other resources.c) This is done so that the cost of production is low and the MNCs can earn greater profits.d) All of the above.Consider the specific-factors model with 2 goods: manufacturing and agriculture. Manufacturing requires labour and sector-specific capital, while agriculture requires labour and sector-specific land. Labour is freely mobile across sectors. The government is considering to impose an import tariff on agricultural products. Which of the following is true? (a)The relative price of agricultural products will go down. (b)Capitalists will support this initiative. (c)Agricultural production will increase. (d)Marginal product of labour will decrease in manufacturing. Explain your answer clearly. Limit your explanation to 200 words.Question 7 Please help awnser question 7 For this question, say whether the statement is true or false, and give a short explanation for your answer, with a diagram or example if needed. 7. According to the Stolper-Samuelson theorem, when a labour-abundant country opens upfor free trade, we would expect workers to become relatively better off.
- Suppose two countries are considering a new agricultural trade agreement with each other. CountryA has abundant low-skill labor and scarce land.Country B has abundant arable land but little population. In which country do land owners supporta trade agreement? In which country do workerssupport a trade agreement?16.Assuming Portugal has 180 man-hours (mhrs) of labor resource available for production, and labor is the only resource, the per unit opportunity cost of wine in Portugal is ____ yards/bottle. (Please do NOT reduce fractions to decimals.)Does Ireland's government have regulations to hire a certain percentage of local staff to support the local economy?