Explain Rostow’s take-off hypothesis and Fogel’s major criticisms.

Q: The goal of an economist who formulates new theories is to Select one: a.provide an interesting…

A: Economists tend to conduct the researches, monitor trends of economy ,collect and analyze data and…

Q: Why are widely accepted, well-defended scientific explanations called “theories”?

A: Theories are a thoughtful and judicious kind of dynamic or summing up contemplating a statement, or…

Q: List 3 possible explanations of the Leontief pardox

A: International economics deals with the allocation and proper utilization of the scarce resources…

Q: discuss the difference between Empirical without Theory and Theory with Empirical.

A: Research is a method of systematic inquiry that includes gathering data, documenting key…

Q: Indicate whether the statement is true or false, and justify your answer.According to the…

A: According to the hot brain/cold brain model, the time consistency arises when the hot brain and cold…

Q: Write short-notes on the following: Stopler-samuelson model Rybczynski Theorem(RT) H-O theorem

A: Disclaimer: Since you have asked multiple questions, we will solve the first question for you. if…

Q: The induced innovation hypothesis suggests all of the following except

A: The induced innovation hypothesis refers that the change in the relative prices will force the…

Q: iv) How does 'Leontief Paradox' weaken the Heckscher-Ohlin Model? Briefly explain with example.

A: Heckscher-Ohlin Model :- In a very simple words, this model suggests that a country which a has…

Q: If you suspect the presence of multicollinearity, how would you characterize the degree of…

A: Classical Linear Regression Model (CLRM) is the basic model of econometrics. The following are the…

Q: The perspectives of heterodox schools of economic thought draw upon Classical Political Economy,…

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

Q: Ricardo did not only confine the scope of economics but he also, by starting from generally accepted…

A: The Ricardian vice alludes to extract model structure and numerical equations with unreasonable…

Q: Who currently favors Milton Friedman’s theories currently?

A: Answer -

Q: why rational theory is meant as top-down approach (deductive) and why prospect/descriptive theory is…

A: In general terms, methodology refers to how a researcher does research. It's the approach he takes…

Q: Question 3b-3 The Heckscher-Ohlin model rules out the classical model's basis for trade by assuming…

A: Since you have posted multiple questions, we will solve the first one for you. If you want any…

Q: What is the purpose of building a theory?

A: Theories are explanation of natural or human behaviour or an event. Theory building helps us in…

Q: Discuss the importance and solutions to the limitations of the Mundell-Fleming Model.

A: An economic model that was first proposed (independently) by Robert Mundell and Marcus Fleming is…

Q: which one of two would be more profitable economic model or the socio eonomic model of social…

A: Socioeconomic model: Social-monetary model" alludes to the citizenry's abilities to appreciate…

Q: Discuss the theory logical empiricism

A: LE's main goal was to develop a scientific philosophy for comprehending the link between science and…

Q: what are the main empirical and theoretical contributions of the Mankiw, Romer and Weil's paper?…

A: Macroeconomics is a part of economics that deals with production, decision and allocation concerning…

Q: For a competitive equilibrium in a two-period model, must there be an equal amount of borrowing and…

A: Two-period model shows how the consumers trade off their current consumption with the future…

Q: What we can conclude on the journal Methodology of Islamic Economics From Islamic Teachings to…

A: Economics solely relies on knowledge obtained through human thinking and perception of the world…

Q: Explain the Friedmanian model of NAIRU

A: NAIRU stands for Non Accelerating Inflation rate of Unemployment.

Q: The goal of an economist who formulates new theories is to Select one: a.provide an interesting…

A: Economists tend to conduct the researches, monitor trends of economy,collect and analyze data and…

Q: Based on the literature review you finished, now you should develop theory and hypothesis. The…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Which of the following is INCORRECT regarding the reasons why we continue to study the Malthusian…

A: Malthusian population trap:- Malthusian Population Trap is an economic theory. According to Thomas…

Q: There are four key relationships upon which the Standard Model is based. Please list each of the…

A: When economic agents take part in the production process, they get an income in exchange for labour.…

Q: Which of the following is NOT a characteristic of a typical positive economic model?   Group of…

A: Since all are distinct questions, we shall answer the first one only. Please resubmit the other…

Q: It is often said that a good theory is one that can be refuted by an empirical, dataoriented study.…

A: It is often said that a good theory is one that can be refuted by an empirical, data oriented study.…

Q: what is an efficient market hypothesis?how is it useful in business valuation and analysis?

A: Efficient market hypothesis. In efficient market hypothesis,market price is considered of high…

Q: Citing relevant examples, explain any five properties of a good hypothesis.

A: The five major properties of a good hypothesis are the following: Prediction power Simplicity…

Q: “It is hypothesized that there is a difference in job satis¬faction between those who receive…

A: This is an example of directional hypothesis. This is because, feedback tends to have an effect on…

Q: Observation: Students on a university campus notice that the freshly squeezed mango juice ferments…

A: Fermentation depends on the presence of contents of juice if juice contains sucrose fructose or…

Q: Explain the phrase "concepts are the building blocks of theory" in more detail.

A: In economics, theories plays a significant role in analyzing a specfiic economic condition and…

Q: What are the shortcomings of the grossman model

A: Michael Grossman proposed the Grossman model of health demand in a book published in 1972. It is a…

Q: Which of the following is the discipline that studies the use of statistical tools to estimate…

A: According to the given questionIn simple words we can say that the statistical tools are those tools…

Q: Einstein was quoted saying "Everything should be made as simple as possible, but not simpler." When…

A: Introduction: Einstein was implying that while it is preferable to make even complicated things as…

Q: State and define the main assumptions of the Heckscher-Ohlin theory.

A: In economics, the Heckscher-Ohlin theory is a popular theory of international trade according to…

Q: Which of the following statements is FALSE? a.) Economists seek to apply the scientific method to…

A: Scientific models do not attempt to explain every circumstance or every aspect because they are…

Q: What are viable explanations that someone can use to counter Leontief’s  paradox?

A: Leontief paradox refers to the finding that countries with higher capital per worker have lower…