Distinguish between industrially Advanced countries and Developing countries. Give examples

Q: The exchange rate between the US$ and the C$ declines from US$1.2158 to US$1.2012 per C$. What will…

A: Here  $1 C  = US $ 1.2158  hence US $1 = $(1/1.2158) C  US $2000 = $ ( 1/1.2158) x 2000 C  US $2000…

Q: ABC Manufacturing has determined that the demand function for their heated socks is given by: D(p)…

A: Introduction: Elasticity of demand is the ability of the amount of a good or service to fluctuate in…

Q: Which of the following cannot be used to measure inflation? a) GDP deflation b) Expenditure method…

A: Inflation is the increase in the general price level.  There are many indicators to measure…

Q: Suppose a monopolist has the following cost function C(Q) = 40Q (with marginal cost MC = 40).…

A: Under the monopoly market, the firm maximises its profit when the marginal revenue is equal to the…

Q: 2 3 4 5 6 1 7 5. Use the table below to answer the following questions: Quantity Demand (Price)…

A: Disclaimer: - Since you asked multipart question, we are solving only first 3 subparts as per…

Q: A 30-year-old person wants to accumulate $600,000 by the age of 65 when he retires. How much will he…

A: Present value is the value of investment in today's dollar.  Future value is the value of investment…

Q: QUESTION 37 Startups that focus on business solutions are at a disadvantage because other businesses…

A: B2C means that the user or customer has time but lacks money. B2B means that the user or customer…

Q: The following statement describes which source of low costs? “The more the firm has ever made, the…

A: Dear student, you have asked multiple questions in a single post. In such a case, I will be…

Q: What are two major factors contributing to increased in equality in wages? Briefly, why do these…

A: The unequal distribution of money and opportunities among distinct socioeconomic groups is known as…

Q: Consider the following IS-LM-BP model: IS Model: C = 250 +0.5(YT); T = 110 + 0.11Y; I = 150+ 0.35Y -…

A: Equilibrium conditions for following markets - IS : Y = C + I + G + NX  LM : Ms = Md    (Money…

Q: he production function is f(L,K)= L2/3K 1/3 , where L is the amount of labor and K is the amount of…

A: f(L,K)= L2/3K 1/3 L refers to the Labour K refers to the Capital.

Q: Consider a consumer with the following utility function: U(X1, xz) = In(x1 + 4) + In (Xz + 6) for…

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Q: manufacturing plant has a short-run cost function of C(q) = 100q 72 +0.2q³ + 450. What is the firm's…

A: Short Run Cost is the cost which has short-term inferences in the assembling strategies, i.e., these…

Q: c. Home Depot and Lowes, Walgreens and Rite-Aid, McDonald's and Burger King, and other major pairs…

A: In an oligopoly market, there are few firms selling homogenous or differentiated goods, and all…

Q: Frank Mary Labor Hours Needed to Make 1 Unit of Beef 2 4 Pork 5 2 Number of Units Produced in 40…

A: Opportunity cost refers to the cost of best next forgone. It is the cost of the thing that has to be…

Q: When an investor purchases O A. Stock. B. A mutual fund. C. Real estate. O D. A Bond. then he/she is…

A: Sale of good means the transfer of ownership from one person to other.  Assets are the investment…

Q: Suppose there is an increase in government spending in a closed economy. In medium-run such a fiscal…

A: Check next step for  explanation

Q: 3. Individual Problems 21-3 Which of the following is a characteristic of principal-agent conflicts…

A: When talking about principal-agent conflict, it can be said that this situation arises when there is…

Q: 2. MULTIPLECHOICE: A firm owner Sally meets her banker, Tom, to work out the details of a one-year…

A: The information which has been given is as follows:- Expected inflation by both = 3% Nominal…

Q: The short-run price elasticity of demand for gasoline is 0.5, and the long-run price elasticity of…

A: What is price elasticity of demand? Price elasticity of demand is the ratio of the percentage change…

Q: Consider a correctly-specified demand-supply system: q = a₁p + B1121 + u₁ and p = a29 + B2121 +…

A: Provided information: The given demand-supply system q = α1p + β11 z1 + u1…

Q: <plain dynamic and defensive open market operations. What is the purpose of each type? Describe two…

A: The phrase "open market" is used in economics to refer to free trade in the economy. Government…

Q: 3. Player 1 and Player 2 are going to play the following stage game twice: Top Bottom Left 4,3 0,0…

A: In game theory, the Nash equilibrium, named after the mathematician John Nash, is the most common…

Q: Consider the following policy game. The house of representatives (player 1) can propose a new…

A: To find the subgame perfect Nash Equilibrium, we have to find range of values of x for which b…

Q: Find out the cross rate between US$ and British Pound Sterling(£) if the spot rate between British…

A: Given information: Spot rate between British Pound Sterling (£) and Japanese Yen (¥) Exchange rate:…

Q: Problem Find all pure-strategy pooling and separating perfect Bayesian equilibria in the following…

A: In the above game there are two players : Player 1 &amp; 2  Strategy Set of Player 1 : { L , R }…

Q: The computation of GDP by the income approach requires adding the income derived from the production…

A: Gross domestic product (Gross domestic product) is a financial proportion of the market worth of the…

Q: w = 40, r = 40, AFC = 0.2 and ATC = 4.2. Based on this information, what is the firm's average…

A: In the short run, capital is fixed and labor can vary.  So, money spent on capital is a fixed cost.…

Q: A key assumption in an endogenous growth model with both labour and capital inputs in the production…

A: Economic theory known as endogenous growth theory states that an economys  internal processes are…

Q: A contractor wish to buy a machine worth P1, 000,000 after one year. If the bank gives an investment…

A: When an individual wishes to purchase a product or asset in the future, the individual can invest…

Q: You are being asked to evaluate the worthiness of an investment that requires you to spend $120,000…

A: Present value is the value of investment in today's dollar.  Future value is the value of investment…

Q: Given the position of the MSC curve, once can conclude that the PRICE OF GOOD X P₂ P₁ - H Q₁ Q₂ Q₂…

A: Externalities happen in an economy when the production or consumption of a particular decent or…

Q: Is the Federal Reserve System a federal government agency? Explain.

A: The Federal Reserve system is a monetary authority. It is the central banking system of a country.…

Q: Define the problem of scarcity. In economics what is its importance.

A: The term "scarcity" refers to a fundamental issue in economics: the disparity between finite…

Q: 1. Complete the table on the right by computing for the values of average product and marginal…

A:

Q: When adapted to the real business cycle theory, the Solow model shows that output is dependent on…

A: Solow Model: Named after its developer, the neo-classical economist, Robert Solow, this famous…

Q: What has happened to real GDP per person in the industrialized countries over the past century? What…

A: The GDP per capita is an approximation of the total amount of goods and services available per…

Q: It has been noticed that the recovery from the COVID-19 recession has been slower for low-wage…

A: Provided information: The covid-19 pandemic has more or less affected all markets at a global level…

Q: K Suppose that Bill owns an automobile collision repair shop. The table below shows the quantity of…

A:

Q: Using diagrams, discuss the following aspects of income inequality.   Draw two different Lorenz…

A: Inequality of income is a serious issue in every nation. Compared to inequality in industrialised…

Q: One of the problems of using the CPI is that it Multiple Choice has difficulty adjusting for the…

A: CPI (Consumer Price Index) is a measure of inflation. It measures the change in prices of a basket…

Q: A stronger Mexican peso is less favourable for: Select one: O a. American tourists traveling in…

A: A currency is said to be appreciated when it gains its value in term of other currency. . A currency…

Q: a. What are the units on the vertical axis of the above figure? b. If the nominal policy interest…

A: The IS-LM model refers to the model that shows how aggregate markets for real goods and financial…

Q: a. Suppose on the date these yields were observed, investors required a term premium of 0.1% to hold…

A: The yield curve represents the expectation of the return on the bonds. The yield curve is a…

Q: The production function for a widget-manufacturing firm is given by q = 9K0.5L0.5, where q is the…

A:

Q: Ct and the following budget constraint: + 1- - a Ct+1 1+ R ft + Yt + Yt+1 and let c be consumption,…

A: Euler's equation is a differential equation. In economics, it is the equation that shows the…

Q: Swedish net exports will when the price level in Sweden drops, due to the

A: The international trade effect states the effect of change in the price level on net exports. Net…

Q: If a Canadian hockey stick has a price of $44, how much does it cost in a. Europe, assuming an…

A: The unitary method can be applied to get currency conversion

Q: Om1. 1. ______ capital is the sum of the resources a person possesses as a result of investments in…

A: ***Since the student has posted multiple questions, the expert is required to solve only the first…

Q: Which point or points in the following Production Possibilities Model represent(s) the current…

A: Production possibility curve (PPC) refers to the combinations of two goods that can be produced…