"Do you think that the COVID-19 has a Microeconomic impact on the US Economy"? If yes or no, it's not essay assignment it's just a paragraph do you think covid-19 had negatively or positively impact on the conomy
Q: Question attached
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Q: Solve the attachment.
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it's not essay assignment it's just a paragraph do you think covid-19 had negatively or positively impact on the conomy
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- Suppose we extend the circular flow model to add imports and exports. Copy the circular flow diagram onto a sheet of paper and then add a foreign county as a third agent. Draw a rough sketch of the flows of imports, exports, and the payment for each on your diagram.Course: Macroeconomics Assume that one day's labor in Argentina can produce either 20 units of cloth or 2 units of wine, while in Chile one day's labor can produce either 24 units of cloth or 12 units of wine. Question: What would you suggest each of these countries produce? Explain your answer. (Make sure to include the amount of cloth and amount of wine each country should produce.)Consider a simple economy of Korea - producing two goods, Motor bike and milk. The details ofthe economy and its production is as follows: Motor Bike (1000 / year) Milk (1000 gallons per year) 0 601 502 303 0 d) According to the (BGH) technology, farmers can now get double the amount of milk fromcows easily. In terms of PPF, this means Korean economy can now produce twice milk ateach level of bike output. With the current production of 2000 motor bikes, Mr. B claimsthat this new technology can allow this economy to produce more milk and more bikes. Doyou agree with this statement or not?e) Explain carefully, with the help of diagram and justify your answer.
- Course Title: Macroeconomics Suppose that the USA can make 15,000,000 cars or 20,000,000 bottles of wine with one year's worth of labor. France can make 10,000,000 cars or 18,000,000 bottles of wine with one year's worth of labor. From these numbers, we can conclude: Question: What would you suggest each of these countries produce? Explain your answer. (Make sure to include the number of cars and bottles of wine each country should produce.)Course: Macroeconomics Suppose that the USA can make 15,000,000 cars or 20,000,000 bottles of wine with one year's worth of labor. France can make 10,000,000 cars or 18,000,000 bottles of wine with one year's worth of labor. From these numbers, we can conclude: Question: What would you suggest each of these countries produce? Explain your answer. (Make sure to include the number of cars and bottles of wine each country should produce.)It’s the year 2050, and things are a little crazy (crazier?) in America. Sen. Shellow Bazic (Texas) – whose vote is pivotal in the senate – has sponsored a bill in the senate to require all employers in America to pay their employees with Texas Roadhouse meal vouchers. She says that at least $500 of compensation per month should be paid in this form. A $500 voucher will cost employers $500, and can be redeemed for meals at Texas Roadhouse up to a value of $500. Change will be given in further vouchers. Vouchers are not transferrable (so they have to be used by the employee themselves). You are advising the senator for Georgia, and remember that years ago you took an employee benefits class. a. estimate how cash wages will change as a result of the introduction of this program.
- Table 24-1The following table pertains to Cheeseland, an economy in which the typical consumer's basket consists of 15 bushels of prunes and 7 bushels of macadamia . Year Price of Prunes (Dollars per bushel) Price of Macadamia (Dollars per bushel) Year 1 13 4 Year 2 9 12 9. Refer to Table 24-1. The cost of the basket in Year 2 was a. $202. b. $205. c. $94. d. $36.Hello: Which of the following best describes a microeconomic question? (A) What is the value of US dollar in terms of other foreign currencies? (B) Should a particular firm enter a market? (C) Is the company of Japan in a recession? (D) What is the value of the goods and services that the United States produces every year? (E) What is the aggregate price level in an economy?09. If Portugal has a total of 90 man-hours of resources available for production, while England has only 30, what are the resource costs of wine and cloth ? a) wine costs 2 man-hours/bottle and cloth costs 6 man-hours/yard in Portugal. b) wine costs 1 man-hour/bottle and cloth costs 1 man-hour/yard in Portugal. c) cloth costs 2 man-hours/yard and wine costs 1 man-hours/bottle in Portugal. d) wine costs 1/2 yards/bottle and cloth costs 2 bottles/yard in Portugal.
- Graph the following situtaiton for the economy:Briefly explain four reasons why agriculture’s contribution to a country’s gross domestic product (GDP) falls as the country develops. What are the implications of the economic transformation for the agricultural sector?The hypothetical economy shown below produces 3 goods: Good A, Good B, and Good C. The following information shows the production and prices for three goods over three years. Use 2020 as a base year (i.e., 2020 = 100). Year 2019 Year 2020 Year 2021 Quantity of Good A 10 12 14 Price of Good A $0.50 $1.00 $1.50 Quantity of Good B 3 6 9 Price of Good B $1.00 $2.00 $3.00 Quantity of Good C 20 20 20 Price of Good C $0.25 $0.25 $0.25…
