Explain how financial globalisation can lead to income inequality in a country

Q: Consider a numerical example using the Solow growth model. Suppose that F(K, N) = ZK K0.30 N0.70 ,…

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Q: In a competitive labor market, labor demand is downward-sloping because wages fall as economies…

A: We have to find in a competitive labour market , labour demand is downward sloping .

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A: The modified Benefit/ cost ratio is a more advanced formula for defining the profitability of the…

Q: Suppose that the United States and Saudi Arabia can each produce two products, oil and personal…

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Q: Suppose there is some hypothetical closed economy in which households spend $0.80 of each additional…

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Q: a. What is the Gini ratio before Donald's arrival? Please show your work, namely, the values for fi,…

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Q: How does the federal government finance a budget deficit? It prints more money. It purchases U.S.…

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A: The change in the price level is not taken into account if there is no inflation adjustment.…

Q: The interest rate earned on an investment in an asset is called   Group of answer choices   a.…

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Q: 1. The cost function for a commodity is given by C(x)- 200+12x+0.1x² (S) and the demand functi is…

A: Profit is the difference between total revenue and total cost.  Total revenue is the product of…

Q: Productivity increases when input decreases while output remains the same. true or false?

A: Productivity is positive relation with output and an inverse relation with input.  Productivity =…

Q: A U.S. firm receives a large amount of revenues in Swiss francs from exporting goods to Switzerland.…

A: A U.S. firm receives a large amount of revenues in Swiss francs from exporting goods to Switzerland.…

Q: Why might a firm prefer to borrow funds via a CP issuance rather than through a credit line?

A: Commercial Paper (CP) is a short-term financial product made up of bearer-issued, unsecured…

Q: Under what condition will L&P agree to produce the allocatively efficient quantity?

A: A monopoly is a market structure where there is a single supplier of the product with no close…

Q: What is Monopolistic Competition?

A: What do you mean by Monopolistic competition  ?

Q: Suppose an economy existed in which investment, net exports, and consumption were not sensitive to…

A: Given that, An economy existed in which investment , net export , and consumption were not sensitive…

Q: suppose that the US consumers buy 5 million 16-20 lb units at $29 per unit of turkey in October and…

A: US consumers buy 5 million 16-20 lb units at $29 per unit of turkey in October 45 million units in…

Q: South Asia has a lower income per capita than subSaharan Africa.” Comment on the validity of…

A: The amount of money made by each resident of a region (such as a nation, state, city, or other…

Q: An independent contractor is trying to decide whether to lease new equipment now or save his money…

A: Present value of cashflows is computed by discounting future cash flows with the help of discount…

Q: Workers are generally willing to work more hours when wages increase because the opportunity cost of…

A: A worker in a given hour either use it in work or use in leisure activity.  If a worker opt for a…

Q: A primary characteristic of a competitive market is that    Question 1 options:   a)  government…

A: When there are numerous vendors selling the same product, the market is said to be competitive.…

Q: A competitive market with the following supply and demand curves is in equilibrium. Supply:…

A: Supply and demand help the economy to reach equilibrium in the market and find the optimal quantity…

Q: (1) Two firms produce goods that are imperfect substitutes. If firm 1 charges price p₁ and firm 2…

A: Demand function for firm 1 : q1 = 12 - 2p1 + p2  Demand function for firm 2 : q2 = 12 + p1 - 2p2…

Q: The owner of Tie-Dyed T-shirts, a perfectly competitive firm, has hired you to give him some…

A: A firm should shut down in short run if it is not able to cover it's variable cost.  And in long run…

Q: After having started a highly unpopular war in Europe, the president of Leninslavia can only sell…

A: Price discrimination refers to the situation when the seller of a good is able to sell the same…

Q: The point A indicates a bundle of 14 bread and, A. 14 B. 6 OC. 6 D. 1.8 E. 20 milk on the budget…

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Q: Does L&P earn positive economic profit if it produces the allocatively efficient quantity? Explain.

A: Allocative efficient quantity is where the firm produces at a point P = MC  P is the price  MC is…

Q: The marginal utility that Donald receives from carrots (MUc) and donuts (MUd) are given as follows:…

A: The additional utility which the consumer gets by deriving an extra units of a commodity is known as…

Q: Assume a government starts with zero debt. This government then runs an annual deficit for 29 years…

A: Government debt also known as public debt is nothing but the liabilities of the government. A…

Q: Which of the following best approximates Okun's law? a 2 percent increase in output leads to a 1…

A: Okuns law was an empirical study which gave the statistical values showing the relationship between…

Q: CSUN receives a $15 million grant to train middle and high school science and math teachers. The…

A: The benefit-cost ratio is one of the measures to compare the benefits of an alternative with its…

Q: Consider following extensive form game Keep Prices (8,2) Advertise Lower Prices (4.6) Firm 1 Firm 2…

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Q: Gino derives utility from only two goods, carrots (Qc) and donuts (Qd). His utility function is as…

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Q: Explain the challenges presented to CSR by globalization.

A: The term "globalization" refers to the increasing interconnectedness of the economies, cultures, and…

Q: Most studies indicate that women earn 82% of what men earn. Does this necessarily reflect…

A: Economic discrimination is the persistent disparity in economic well-being among people depending on…

Q: If you earn $130,0000, what is the marginal tax rate? Taxable income ($) $0-$50,000 Tax (%) 7% 5.84%…

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Q: Considera (non-price discriminating) monopolist that faces a demand function of D: P100-Q and has a…

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Q: Question 7 Demand for real money balances depends on O the real interest rate the opportunity cost…

A: In an economy, real money balance refers to the market value of money held with the public.

Q: For maximum profit, a firm hires labor up to the point at which the wage equals (i) (ii) (iii) the…

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Q: se the payoff matrix below to answer the following questions Dave om Movie Bowling Movie 10,6 0,0…

A: A dominant strategy is a strategy that a player chooses in every situation as it gives maximum…

Q: According to the Justice Department guidelines, mergers in an industry are seldom challenged if the…

A: The Herfindahl-Hirschman Index refers to the measurement of the competition in the market by…

Q: Each firm in the following table operates in a market of perfect competition and wants to maximize…

A: Total cost is the product of average total cost and quantity.  The firm should produce when it is…

Q: Each year, AT&T loses 1% of its customers to Verizon and 1% of its customers to T-Mobile. In that…

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Q: 9. Which statement is incorrect? I. An increase in the general price index means that the purchasing…

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Q: 2 Which one is NOT correct? Elasticity refers to how much one variable responds to changes in…

A: DISCLAIMER  “Since you have asked multiple question, we will solve the first question for you. If…

Q: Suppose that a market consists of 300 identical firms, all with the same cost curve: TC(4) = 0.1 +…

A: Since you have posted a question with multiple sub-parts, we will solve the first three subparts for…

Q: Pertinent information for two alternatives A and B is shown below. If i=10% / year and the effective…

A: Calculation of Net Income chargeable to Tax in Year 3 for Alt. A    (GI) $  Gross Income…

Q: Which of the following is NOT a characteristic of a perfectly competitive market?    Question 2…

A: Perfectly competitive market is characterized by the large number of buyers and sellers. The firms…

Q: Consider a non-classical economy where there are sticky wages in the labor market. When there is a…

A: Where persons who are able and willing to do a job don't get a job, it is known as involuntarily…

Q: Refer to the table.  For a firm operating in a competitive market, the price is    Quantity Total…

A: A perfectly competitive firm is a price taker, which means it takes the price set by the market…