25 20 15 10 5 O P COUNTRY 1 VIO s1 FIP d1 EQ 0 3 6 9 1215182124 INTERNATIONAL MARKET P 25 20 15 10 5 0 0 3 6 9 1215182124 S2 S1 FIP D2 D1 Q 25 20 P 15 COUNTRY 2 s2 FIP 10 5 d2 0 0 3 6 9 1215182124 Q
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What will be the quantity supplied by country 1 to the rest of the world at a
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(a) 6 |
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(b) 9 |
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(c) 12 |
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(d) 18 |
International trade involves the import and export of goods and services, and it allows countries to specialize in the production of certain goods and to access markets beyond their borders.
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- FloorArea (Sq.Ft.) Offices Entrances Age AssessedValue ($'000) 4790 4 2 8 1796 4720 3 2 12 1544 5940 4 2 2 2094 5720 4 2 34 1968 3660 3 2 38 1567 5000 4 2 31 1878 2990 2 1 19 949 2610 2 1 48 910 5650 4 2 42 1774 3570 2 1 4 1187 2930 3 2 15 1113 1280 2 1 31 671 4880 3 2 42 1678 1620 1 2 35 710 1820 2 1 17 678 4530 2 2 5 1585 2570 2 1 13 842 4690 2 2 45 1539 1280 1 1 45 433 4100 3 1 27 1268 3530 2 2 41 1251 3660 2 2 33 1094 1110 1 2 50 638 2670 2 2 39 999 1100 1 1 20 653 5810 4 3 17 1914 2560 2 2 24 772 2340 3 1 5 890 3690 2 2 15 1282 3580 3 2 27 1264 3610 2 1 8 1162 3960 3 2 17 1447 What is the final model if we only use FloorArea and Offices as predictors?Question 1 Consider the proposition 5x + 9 ≥ 24.s(0) +9• Is r 20 a necessary condition or a sufficient condition or necessary andsufficient condition?• Is x ≥ 3 a necessary condition or a sufficient condition or necessary andsufficient condition?uestionQutuion 6&7 only
- Question 2Consider the case of Jonathan, who is a singlefather with one child. He can work as a serverfor $6 per hour up to 1,500 hours per year. Heis eligible for welfare and can receivegovernment support of $10,000 for notworking at all. If he works 1,500 hours, hisearnings would be______ and governmentsupport would be______.O a) 2.000; 8,000O b) 3,000; 7,000O c) 9,000; 1,000O d) 10,000; 017) If Qs = -50 + 10p, and Qd = 400 - 20p, what is the equilibrium quantity?A) 25B) 146.6C) 360D) 120E) 100.Yi = -1336.049+12.7X1i+8.57X2iSE (175.2725) (0.9123) (5.8019)R2 = 0.89 n=38 DW= 0.37Where Y= Auction Price of antique clocks in dollars.X1= Age of clock in years and X2= Number of bidders* What does underlined bold term mean? Explain