In the above diagram for the Ricardian Model, if Pc/PF > a*Lc/a*Lw then - Home will specialize in wine. Home will produce both goods. Foreign will produce both goods.
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- Suppose our exports to Canada fall because of their recession. On impact, our will shift downward. Eventually, our will shift downward and the new equilibrium Tt will be O a. ADT; ASīt; higher O b. AST; ADt; higher AST; ADTt; lower O d. ADT; AST; lowerPlease please help me asnswer it correctly and fastly The global oil market has been affected in the recent years by many factors that induces the global price to fall. This consequence is vital for the budget of the oil dependent countries. After the huge decrease on oil price in 2016, many traders and analysts believe that oil markets are still not immune to many problems and the oil price will tend to fall again. The main factor and problems toward a fall of the oil price started in 2015 but considering that people and oil companies do not tend to react immediately to the change of oil price, the total consumption and production of oil did not get any surprised changes in the short- run. The main factor that caused the drop on the oil price is the OPEC failure. The member countries of OPEC did not agree to stabilize the oil markets, since the organization decided against cutting production at a 2014 meeting in Vienna. It is estimated that if OPEC does not cut production, the…6) Suppose, India was in general equilibrium before COVID-19. Due to the lockdown, production decreased massively. Assuming that other things remained unchanged, how can you show the effect in the general equilibrium? Also suggest some policy to tackle the new situation using IS-LM-FE model.
- suppose the price of orange juice rises and the apples falls. what would you expect ti happen to the price and quantity of apple juice? why would the equilibrum quanity increase while the impact onbthe equilbrum price be uncertain?# I am guessing, the price of imports will decrease is wrong.Student explain lmportance of Port tothe Economy
- Which of the following is not included in macro environment? O a. Competitors b. Economic O C. Political o d. Demographic"Cell phones have quickly become taken as much for granted as electricityor water supply. They have had a major impact on our lives and the way that weperform everyday tasks. Many of these changes are apparent, while others wemay not even be aware of. People nowadays really don’t rememberquite well how life was before cell phones existed!"Use the demand-supply model to illustrate the changes in the market for cell phones over thelast twenty years. Try as much as possible to relate the demand-side factors and the supplyside factors we studied in class to the market under study. Although drawing graphs is notnecessarily required, yet it could help you to illustrate your answer. Support your answer withrelevant real-life data.Which of the following is NOT a concern for macroeconomics? O A. The level of unemployment caused by the COVID 19. B. The loss of economic output caused by COVID 19. O C. The change in the price level of alcohol-based hand sanitisers caused by COVID 19. O D. the change in the level of imports vs exports caused by COVID 19.
- Exercise D25 What role does government play in stabilizing the economy and what are the tradeoffs that must be considered?An economy produces two goods, clothing and petroleum. Which of the following would explain a pivot inwards along the petroleum аxis? Select one: O a. a productive improvement in clothing production that has no effect on petroleum production O b. an increase in the size of the labor force that can produce either petroleum products or clothing O c. major oil reserves in Alaska are declared off-limits to producers in order to protect the environment O d. major oil reserves are discovered off the coast of Africa Oe. a productive improvement in petroleum production that has no effect on clothing productionpring20 fall20 The Producer Price Index (PPI) is a Select one: a. price index measuring the changes in prices of all new goods and services produced in the economy. b. statistical measure of a weighted average of prices of a specific set of goods and services purchased by wage earners areas. O C. price index that tracks the price levee of commodities that firms purchase from other firms. O d. statistical measure of a weighted average of prices of commodities that firms produce and sell. Clear my choice