How does globalization affect the GDP of a country and what are some ways in which globalization affects the GDP of a country?

Q: (a) Which cost includes third-party costs: private costs or social costs? (b) Which are…

A: a) A private cost refers to the cost incurred by the producers while producing goods and services…

Q: The CPI fell from 110 at the start of the year to 125 at the end of the year. If the real interest…

A: The consumer price index (CPI) changes from 110 to 125.  The change in CPI measures the inflation…

Q: Question 20                  Use the following graph to answer questions 20–25.     For the graph…

A: Question 20 The answer is - d) None of the above represents a change in the quantity demanded with…

Q: an increase in the expected real interest rate tends to raise desired saving, but lower desired…

A: The change in the expected real interest rate affects the level of saving and investment in the…

Q: As productivity increases for corporations and the economy as a whole, what may be the effect on…

A: Inflation: - Inflation is the phenomenon of an increase in the prices of goods and services in an…

Q: -) Consider a two-person, two-commodity, pure exchange, co economy. The consumers' utility functions…

A: *Answer:

Q: What are the 2 pros and 2 cons of a stronger dollar policy on the American economy

A: The United States' strong dollar strategy is based on the concept that a strong dollar exchange…

Q: To calculate the Consumer Price Index, the BLS surveys Multiple Choice   all households in the…

A: Consumer price index measures the cost of a market basket of goods and services bought by a…

Q: Which of the following are ways for domestic governments to raise capital for spending? Please…

A: Government raises capital from various sources . Government spending is done for social welfare for…

Q: Suppose the government decides to raise the gasoline tax as a way to reduce air pollution and…

A: A corrective tax is a market-based strategy choice utilized by the public authority to address…

Q: Given the demand function D(p) = 175 – 2p², %3D Find the Elasticity of Demand at a price of $1

A:

Q: 5a. Assume that a basket of goods and services costs $30, 000 in If the U.S. and 40,000 Australian…

A:

Q: 2. Assume that individuals have the utility function over consumption (c) and labor (1) given by U…

A: The utility function measures the preferences of the set of goods and services.

Q: 1. Table 1 is the data for the per week household consumption Y and income X in the US. Table 1 data…

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

Q: International trade causes the loss of jobs in industries where a country has Select the correct…

A: International trade occurs when a country export or import goods with other countries.

Q: two following alternatives should be chosen using the following methods? DRAI Pamper pipes P 75,000…

A: *Answer:

Q: 3) A certain warehouse is worth P700,000. The average value of the merchandise in the warehouse is…

A: Cost of insurance Annually : Warehouse = 1% of 700,000 = 7000 Merchandise = 0.9% of 600,000 = 5400…

Q: Referring to table 1.1, the opportunity cost of producing 10 brushes is... a. 10 combs b. 1 comb C.…

A: The curve that depicts all combinations possible of two goods that could be produced using given…

Q: (Figure: The Demand for Winter Gloves) Use Figure: The Demand for Winter Gloves. Total revenue is…

A: Demand curve shows different combinations of quantity demanded at different price levels.

Q: How the time affects supply, perishable Goods and how it affects the reproducible goods?

A:

Q: Riley has invested P10,000.00, part at 5% and the remainder at 10% simple interest. How much is…

A: Let x be his investment at 5% and (10,000-x) at 10% simple interest Now, For 5% rate interest will…

Q: Use the following graph, which shows an aggregate demand, to answer the next question.   If the…

A: Aggregate demand curve shows different combinations of price and real output demanded in the…

Q: Suppose that the Bank of Canada creates a new electronic Loonie. This new system allows everyone in…

A: Bank OF Canada at the initial stages would make the LM curve show the combination in the interest…

Q: hoose the letter of the correct/best answer.  ____1. It summarizes the transactions between the…

A: 1. The transactions between the consumer and producer is known as “Circular flow” of income   2.…

Q: At a price of $100, domestic consumers demand how many boxes of contacts?

A: The combination of price and quantity demanded indicates the quantity that consumer would demand at…

Q: The Good Samaritan Game Unfortunately a man had an accident and somebody has to help him. The per-…

A: given information There are people who observes an accident If helps everyone gets 1 pay off and if…

Q: what is the issue of solvency with social security?

A:

Q: spending is the part of the budget that works its way through Congress each year and includes…

A: Governments, organizations, and people all use budgets to estimate income and spending for a certain…

Q: 2. Short-run Aggregate Supply and the Phillips Curve Suppose that the economy is populated by two…

A: As per the given information Firms set their prices as per sticky price and flexible price θ…

Q: tions: Enter your answers as a whole number. Electronics Flash Drive Production Revenues ity (8GB…

A: Answer, given below

Q: According to Degree of Integration,  give the definition of Common Market and Examples

A: International trade takes place when different countries join hands and agree to trade goods and…

Q: A company is planning to install a new automated plastic- molding press. Two different presses are…

A: Given Data,  Producing = 120,000 units per year.  Non defective units are sold for $0.345/unit.…

Q: 5. Figure: A Perfectly Competitive Firm in the Short Run Price MC ATC G -MR AVC E N P W B D Quantity…

A: In perfectly competitive market, firms are price takers. Firms do not have any control over the…

Q: Suppose that there are two firms producing a homogenous product and competing in Cournot fashion and…

A:

Q: A firm has invested a sum of £100 million to construct new manufacturing plant. Workers spend 90 per…

A: "The size of investment multiplier tells how much a rise in income occurs when autonomous investment…

Q: How equalibrum of the frim is useful for the consumers and what does it mean that " By curves of…

A:

Q: How does globalization directly/indirectly affect the GDP of a country

A: The measure that depicts the value of goods and services being produced in a country during a…

Q: what are the responsibilities of government during economic crises? 250 words

A: Responsibilities of government during economic crises- Fiscal policy is the tool which is use by…

Q: What is the optimum level of production? Price Total cost 200 90 190 180 Quantity 180 170 160 150…

A: Optimum level of production is achieved when firm earn normal profit as in the case of perfect…

Q: A secondhand van is offered for sale. The owner offers two methods of payment. The first method…

A: First going to Compute, the present value of the payments   i = 5% compounded monthly = 5/12 % =…

Q: The long-run Phillips curve will be upward sloping if persistent high inflation discourages…

A: The Phillips curve given by A.W Phillips shows that there exists an inverse relationship between the…

Q: Name and briefly explain (including examples where possible) the sources of International Law.

A: International Law helps in the promotion of justice,  peace and prosperity all around the world.

Q: 175 Given the demand function D(p) %3D Find the Elasticity of Demand at a price of $63

A:

Q: 3 8. Let be the utility function U(x, y) = (xi + 2yi), , where x and y a are the quantities %3D…

A: Given information U=49X13 +2Y133 Consumer is consuming X and Y X=2 and Y=2

Q: 1. The IS curve is based on the goods market: Y C, + mpc (Y - T) + la-2r +G. Assume that the mpe 80.…

A: IS curve denotes locus of those points at which goods market is in equilibrium . It is drawn in (r ,…

Q: are consumption affect the money demand?

A: The Aggregate demand equation can be written as: Y = C+ I+ G +NX  Where Y = Total demand or GDP…

Q: If an investment has a nominal return of 3.8% per year, while the inflation is expected to be  3.6%…

A: Real return is the interest rate adjusted for inflation. Nominal return does not account for price…

Q: If I have an economy that produces only one good and in year i the quantity is Qi and the price is…

A: Nominal GDP could be measure multiplying by quantity of current year with current price. Real GDP…

Q: Which of the following would1 the Qd of LF? Select one: O A. expected profit decreases. B. the real…

A: The loanable funds concept is a market interest rate hypothesis in economics. The interest rate is…

Q: What are the main functions of a Central Bank? To reduce unemployment, promote financial stability,…

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