H7

Q: In no less than 300 words, explain how banks can create money.

A: The term commercial bank alludes to a monetary foundation that acknowledges stores, offers financial…

Q: What is the meaning of a “colonial legacy” and what are possible advantages ?

A: The dominance of one culture, community, or country over another is referred to as colonialism. To…

Q: If a 12% rise in the price of grape juice increases the quantity of orange juice demanded by 8%,…

A: The elasticity of demand measures the quantitative relationship between the price and quantity…

Q: Assume the Bobo is the domestic currency. A Big Mac costs $6 in Canada. If the exchange rate is 10…

A: the exchange rate is the cost of a country's cash with regard to another money.

Q: Sunglasses manufacturer Oakley, Inc. produces high-end and low-end versions of their performance…

A: Monopoly refers to the situation or condition in the market where the entire supply of a certain…

Q: How did you get the perfect competition values

A: Perfect competition market is that market where large number of buyers and sellers of the commodity…

Q: Demand for motor vehicles exhibits a positive income elasticity. This means that there are no close…

A: Income elasticity: It refers to the demand of the people which changes with the income. The increase…

Q: A movement along the demand curve for dry mangoes would result from: Select one: O a.…

A: "A demand curve of a product is a downward sloping curve which shows an inverse relationship between…

Q: Economics please let me know the right answer Risk is highest when: A B C D gearing ratio is lower…

A: Gearing Ratio:- A series of financial measurements known as gearing ratios assesses the firm's level…

Q: Question 2 In a discussion of tuition rates, a university official argues that the demand for…

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Q: Three ducks, Huey, Dewey, and Louie, are squawking about how big of a pond they should purchase…

A: Given,  Three Ducks : Huey, Dewey and LouisThe demand curve of Huey anf Louie are :Huey :…

Q: Compare and contrast the four types of economic systems. Write 3-5 sentences

A: Economic system: It refers to the means by which a society or government organizes and distributes…

Q: Please define the factors affecting the duration of planning period of the economic institute

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

Q: A man borrowed an amount of S10,000 to a bank. The bank agreed considering that the interest rate is…

A: Information provided is:- Amount borrowed = $10,000 Interest rate = 5% Time period will be 11 months…

Q: When explaining the economics of the pandemic, economists often make reference, among others, to the…

A: Pandemic: It refers to a situation in which all the economies get panicked. This kind of situation…

Q: Suppose a farmer in Georgia begins to grow peaches. He uses $1,000,000 in savings to purchase land,…

A: An economic profit is the contrast/difference between the revenue got from the offer of a result and…

Q: Suppose the market for soft drinks is given by: Demand: P = 181 - 1.7Q Supply: P = 1.3Q The…

A: Government imposes tax to reduce the equilibrium quantity and achieve its objective of reducing…

Q: What is the role of historical accident for the pattern of specialization and trade in industries…

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Q: 4. A retail outlet is being designed in a mall in Baguio. For this outlet, the installed fiberglass…

A: The present value of a payment F in the future is given as:  P = F(1 + R)tWhere: P : Present valueF:…

Q: in order to diversify risk, some of your clients are considering investing in south Africa economy…

A: South Africa is a country located in deep south of africa continent.South Africa economy is one of…

Q: Graphing: Using the Production Possibilities Schedule above, make a Production Possibilities…

A: "In economics a production possibility frontier represents the different combination of the two…

Q: . A project requires an initial investment of BD 75,000, has a salvage value of BD 15,000 after 4…

A: The concept that depicts a decline in value of an asset due to obsolescence, wear and tear or usage…

Q: Let Pm be the monopoly price and p" be the competitive price. Initially, there are many souvenir…

A: The above question provides a market scenario in which there are many seller but still the prices…

Q: What are the economic arguments in favour of the policy of protection? Write any three arguments.

A: The strategy used by businesses to defend their own nations from foreign competition is known as…

Q: An important social trend is the continued concern for health and well-being in the United States.…

A: The measure that depicts various quantities of goods and services being demanded at different levels…

Q: Jim is at an all-you-can-eat buffet and is considering whether or not to get another plateful of…

A: Analyzing something involves dissecting it into its constituent parts in order to understand what…

Q: INFLATION RATE 2 4 6 8 UNEMPLOYMENT RATE (Percent) SRPC 10 The long-run effect of the central bank's…

A: Aggregate Demand (AD): Aggregate interest is the amount of labor and products that families, firms,…

Q: There are potential gains from trade, according to the Ricardian two-country two-good model, but…

A: Building and analyzing an international economic model is a traditional method for presenting the…

Q: Why does australia have a comparative advantage in producing wheat?

A: Comparative Advantage:- The capability to manufacture commodities and services with a reduced…

Q: E1 (a) If the golf course wishes to implement a two-part pricing model, what membership fee will…

A: Please find the answer below.   REVENUE: In economics, revenue is the income a firm receives from…

Q: The Great Resignation: What does it mean for the economy?

A: The phenomenon known as "The Great Resignation" refers to the unprecedented amount of workers…

Q: When the average total cost curve is at its minimum, we know that the: a. marginal cost curve is…

A: Meaning of Cost: The term cost refers to the situation under which a firm occurs various expenses…

Q: assistants (that is, the wage received by workers minus any taxes collected from the workers).…

A: The supply and demand for labour, wherein employees give the supply and employers provide the…

Q: 1. Robert has a lifetime wealth of £225,000 and faces the following gamble: -50 per cent chance of…

A: According to the expected utility theory, Robert chooses the gamble that has a larger expected…

Q: You are the manager of a company that manufactures goods using the cost function C(q) = 100+50qi -…

A: At least one input is fixed in the short run, typically in the form of property, plant, and…

Q: Asymmetric information and/or imperfect information can cause two forms of market failure: 1)…

A: Adverse Selection in economics refers to that phenomena when in any transaction between two people ,…

Q: c.If your goal is to eliminate target the welfare of the "average person", what sort of welfare…

A: A subfield of economics called welfare economics employs microeconomic methods to assess overall…

Q: The following is a total cost curve 1000 900 Total cost (5) 800 700 600 500 400- 300- 200 100- D TC…

A: Marginal cost, also known as the incremental cost refers to the increase or decrease in the cost of…

Q: Suppose I live in a hypothetical country, Pandesia, where there is 100% reserve banking. I deposit…

A: Given information Initial deposits=$1000 Required reserves=100% 100% reserve banking is known as…

Q: Question THREE Some reasons why resources could be allocated inefficiently by the market are…

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Q: 5

A: The movement of a person or people from one nation, locality, place of residence, etc., to settle in…

Q: In a particular market, demand and supply curves are defined by the following equations: QD = 300…

A:

Q: a) $126

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Q: 3. Law borrowed $2000 from Rence at 8% per annum. After 6 year he cleared the amount by giving $2600…

A: Here, given information is, Law borrows (P): $2000 Interest rate (r): 8% per annum Time period (n):…

Q: Anti-combine, or​ anti-trust, laws Part 2   A. make it easier for businesses to combine to form…

A: Monopolies are sometimes created by firms in the industries to control the market output. This…

Q: the long-run, firms in perfect competition and monopolistic competition charge a price that is equal…

A: A perfectly competitive market differs from a monopolistic market because in the perfectly…

Q: Define intermediate goods and give one example of it.

A: In economics, goods are defined as something which satisfy human wants.  A good can be either…

Q: The Copenhagen Consensus approaches aid by looking at ____ and it found that ____.   a.the best…

A: Copenhagen Consensus is a venture that looks to lay out needs for progressing worldwide government…

Q: Are technology advancements and labour unions compatible

A: Introduction, In order to protect workers' rights and stop employers from abusing them, labor unions…

Q: Q4. Consider a Cournot competition model with two firms, 1 and 2. They produce identical goods in…

A: In a Cournot Duopoly both firms simultaneously optimize their outputs taking other firm's output as…

Comparative Advantage and Absolute Advantage Analysis

The theory of absolute advantage was given by Adam Smith in the year 1776.