Give example of a trade policy in developed country or region, and explain how does this policy affect the less developed country(is) growth and development as well as their opportunity and ability to benefit from the international trade!

Q: If aggregate demand shifts dominate aggregate supply shifts following a currency depreciation, then:…

A: Exchange rate is the rate at which nations currency are exchanged. And this is determined by the…

Q: Assume that nominal GDP is $2,800 billion and the real GDP is $2,000 billion. What is this economy's…

A: A price index is a number that expresses the level of a set of commodity prices in proportion to the…

Q: 5. Assume the government follows a Keynesian approach and alters spending to return the economy to…

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Q: Consider a public goods problem. Assume a community has 10 people each with: MBP = 10 – Q, where Q…

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Q: If a French citizen buys a bottle of wine from California, then U.S. consumption increases, U.S. net…

A: GDP is the value of final goods and services in the economy within a given period of time.

Q: im taking a macroeconomics course and we are working on free graphs I need some help writing a…

A: Real GDP is the worth of goods and services generated by an economy in a given period that has been…

Q: Explain why permanent monetary expansion has a larger effect on output than temporary monetary…

A: In a country if  the currency price of a nation is set by the foreign exchange market based on…

Q: Suppose the economy is in long-run equilibrium and wealth increases. In the short- run, the…

A: Long-run equilibrium denotes full employment equilibrium. It denotes the optimum amount of output…

Q: 8) The market for paper in a particular region in the United States is characterized by the…

A: Given; Demand function; QD=160000-2000PSupply function; QS=40000+2000PMEC=0.0006QS

Q: The following Figure 1 is an edited version of an image discussed during the course. Use it to…

A: Balance of Payment  Balance of Payment is a statement of a country that shows the Inflow and Outflow…

Q: Buying on a social media network like Facebook raises many privacy concerns for consumers who…

A: Social media networks tend to keep track of a variety of factors about how you use them. People you…

Q: Consider an economy characterized by the AS and AD curves in the textbook. Moreover, you can assume…

A: Introduction We have considered an economy characterized by the AS and AD curves. Equation of AS…

Q: Graphically analyze the effect that a revenue neutral carbon tax has on the consumption of carbon…

A: A carbon tax program that is viewed as unfair has a lower chance of passing and staying in place.…

Q: The unemployment rate that would result from the combination of economic, social, and political…

A: The measure that depicts people who are capable and able to work but unable to find a suitable job…

Q: Question 20 An island community has two residents: Katie and Dylan. Katie has a utility function of…

A: Utilitarian perspective of welfare is provided by the sum of individual utilities whereas Rawlsian…

Q: In response to a negative one-time oil price shock, the U.S. economy would initially experience a…

A: Price shock  Price shock is considered as a situation or a point of time when the prices of…

Q: 2.0%? b) Given the selling price from part (a), what was your annual rate of return from owning this…

A: The annual rate of return is the percentage change in the value of an investment. For example: If…

Q: 10. BB has an endowment (E) which she can invest. With probability p, the investment works out well…

A: Investable amount = E  Probability of return = p  Probability of loss = (1 -p ) Return on Investment…

Q: 1. Suppose the following game is repeated infinitely. The players have a common discount factor dE…

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Q: Which of the following statements is FALSE?   A. An expansionary fiscal policy might consist of an…

A: Discretionary fiscal policy is a policy in which the government made changes in its spending and/or…

Q: countries with high levels of capital accumulations tend to have high level of efficiency as well.…

A: The rise in the assets due to the investments and profits, is referred to be as capital…

Q: 16 A model without population growth and technological change, show that the growth rate of…

A: Solow growth model: The Solow Growth Model can be defined as an exogenous economic growth model that…

Q: Multiple 1) The theory that firms will be slow to change their products' prices in response to…

A: 1.)  The theory that the firms will be slow to change their prices in response to changes in demand…

Q: QUESTION 10 According to OECD data (see the link below), the income inequality as measured by the…

A: In a given year, income is defined as household disposable income. It is made up of earnings,…

Q: Assume a company is producing 600 units of output per day and minimizing total cost with the…

A: The short run refers to the period of time when the quantity of at least one of the input is fixed…

Q: It costs the restaurant $6.50 to prepare each meal. Use the table to answer questions.

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Q: The manager of a Pittsburgh shop wishes to sell on eBay a used telescope that is in good condition.…

A: Price for a good conditioned telescope is $1,030 Price for a poor conditioned telescope is $340

Q: List down at least 5 examples of the following: Security Regionalism Economic regionalism Political…

A: Security, economic and political regionalism are institutional arrangements designed for effective…

Q: 21 After the two firms buy or sell pollution permits from each other, what is the likely amount of…

A: As per the given information Net benefit for RAS by playing stereo=$700 Cost to Mariam from Ras's…

Q: omplete the following table, given the information presented on the graph. Result Value Equilibrium…

A: The consumer surplus refers to the difference between what a consumer is willing to pay and what…

Q: Consider the real inter-temporal model of chapter 11. Suppose that the equation of output demand…

A: Given; Output demand curve; rYd=8 Output supply curve; Ys=9r Production function; Y=12K0.5N0.5 K is…

Q: (a) Suppose the government of a country has run large budget deficits for several years in attempt…

A: When government raises its budget deficit in order to increase output, it leads to a rise in the…

Q: Ca) = 0.07qi, ssuming no fixed costs for i = 1, 2. he Cournot equilibrium quantities are q1 and q2 =…

A: Cournot competition is an financial version used to explain an enterprise shape wherein agencies…

Q: Consider an AK model of endogenous growth. If the aggregate production function is given by Y=1.5K…

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Q: You are self-employed profit maximization consultant, specializing in different market structures,…

A: Perfect competition is when the market functions in such a way that a large number of producers and…

Q: Price (per latte) $4.50 S 4.00 3.50 3.00 2.50 2.00 1.50 1.00 0.50 0 200 600 1,000 1,400 1,800…

A: Imposition of tax on a good by government generates  tax revenue that goes to government.

Q: e StackeIDerg iollower produces less han ue Coumot ouiput. A price taking firm has zero fixed cost…

A: Price taking firm are mostly is in the form of   perfect competition market where large number of…

Q: Considering the tax benefits, why would investors not want Project Repat to be an S corporation?

A: An S corporation is a type of corporation created solely for the purpose of paying federal taxes. An…

Q: What happens to the value of nominal interest rate in the economy when the Federal Reserve buys…

A: The federal reserve operates the monetary policy. The open market operation is used to buy or sell…

Q: which of the following goods would be most inelastic in demand? -Ford -Cars -Toyota -Ford Escape…

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

Q: 2. Consider a version of the shirking game with Up = 5p – w + (1 – p)mw – m UA = p(w-2) +(1-p)(1-m)w…

A: Game theory refers to the study of how people (or organizations) use strategy to attain a favorable…

Q: 7. What is the cost in real dollars today of spending $25,000 four years from now if your effective…

A: The measure that depicts the current value of money sum in future or cash flow stream at a specified…

Q: 1. As a result of U.S. tariffs imposed on wool from New Zealand, the quantity of this wool that is…

A: A tariff is a tax imposed on goods and services imported from another country by one country.Tariffs…

Q: A town has a project to build a bridge that would benefit 50 people and each one of those 50 people…

A: In economics, free rider problem is an example of market failure where there is an inefficient…

Q: Summarize this Each Pa-Bi-Board prototype measures 4-inches in width and 5.5-inches in height, and…

A: Each Pa-Bi-Board prototype is 4-inches wide and 5.5-inches tall, with a thickness of around…

Q: 2. Consider a consumer with utility function u(x1, 22. 23) for three goods, where the cross- price…

A: In economics, the utility function measures the welfare or pleasure of a patron as a feature of the…

Q: Suppose a small island nation imports sugar for its population at the world price of $1,500 per ton.…

A: Economic surplus is the consumer surplus and producer surplus.  Consumer surplus is the area above…

Q: consider an oligopoly where firms sell differentiated goods and compete in prices. in this case the…

A: Oligopoly An oligopoly is a form of market in which there are some large sellers or producers in…

Q: For a certain potential investment project, we have the following estimates: Capital investment I…

A: Given information Initial capital=$100000 Annual revenue=$30000 Annual expenses=$9000 Market…

Q: Consider the following regression model: wage-Bi+Bamale+Bimalexedu+Buedutu, where wage is the hourly…

A: Wage of an individual is regressed on education and gender.