List some arguments for and against the likelihood of “convergence”. What sorts of policies can governments implement to encourage convergence?
Q: Q2. Given the following data in 2020, calculate the country's GDP in that year. Show steps of your c...
A: Investment= Purchases of capital equipment+ Purchases of structures+ Inventory accumulation Investme...
Q: Would you usually expect elasticity of demand or supply to be higher in the short run or in the long...
A: In economics, elasticity refers to the responsiveness of one economic variables with respect to the ...
Q: Use the following information. The graph below represents the market for coffee. Suppose S2 and D2 a...
A: Initially, the market is in equilibrium at point A where D2 and S2 intersect each other. the reason ...
Q: It is a common practice in lending companies that the interest is deducted at the time money is borr...
A: Given: Loan amount=P 50000 Interest rate=16% Amount received=P 42000 At the end of year, amount=P 50...
Q: n your view, should an organization engage in a dialogue with all of its stakeholders all of the tim...
A: Stakeholder: A stakeholder is a party that has an interest in an organization and can either influen...
Q: In 1928, Charles Cobb and Paul Douglas published a study in which they modeled the growth of the US ...
A: *Hi there , question contains multiple sub -parts and as per our guidelines we are only allowed to s...
Q: Define MARKET FACTORS?
A: In a market, when talking about market factors, they are the variables that has the potential to cha...
Q: The Ontario Minister of Agriculture and Food wants the federal government to eliminate the AgriStabi...
A: ANSWER The ontario government in 2020 accepted the proposal of Fed government for enhancing the ag...
Q: Government levied a tax on good A. The less elastic the demand is, the greater or the smaller the ta...
A: The demand for the good is said to be elastic if the quantity demanded of the commodity changes more...
Q: For each of the following price elasticity of demand coefficients, calculate the percentage change i...
A: When talking about price elasticity of demand, it explains the sensitivity of consumer's demand deci...
Q: i need help with the last 6 problems left blank - If 2012 is the base year, real GDP in 2011 was ...
A: Note: There are multiple sub parts of the question, hence we shall solve the first three for you, if...
Q: “Trading blocs”/ Regional Integration efforts maybe considered the status quo for international trad...
A: The process through which the world is becoming interconnected due to a massive increase in cultural...
Q: 19. Mr Arguillonis considering building a 25-unit apartment in a place near a progressive commercial...
A: A rate of return (RoR) is the net gain or loss of an investment over a specified time period, expres...
Q: How can we solve the externalities that are related to common resources and public goods? Select an ...
A: Public goods are those goods which are freely available on the market and whose use does not affect ...
Q: According to the Keynesian framework, ____________ in _______________ may cause inflation, but not a...
A: Inflation usually means rise in prices and and recession is such a period where less demand are seen...
Q: Savers Surplus Spending Units (SSU) provide funds with the expectation of earning profit. * True or ...
A: Savers Surplus Spending Units (SSU) provide funds with the expectation of earning profit. - TRUE
Q: T = 20 + 0.25 Y Md = 0.5 Y- 250 (r+n°) P If G 196, = 0,1 , the nominal money supply equals 9890 and ...
A: The equilibrium price is the market price where the quantity of goods supplied is equal to the quant...
Q: A manufacturer produces certain items at a labor cost of P 115 each, material cost of P 76 each and ...
A: Given: The labor cost is = P115 each The material cost is = P76 each The variable cost is = P2.32 e...
Q: in two years is P2,308. What is th inflation if the real rate of interest is 10%? 18. If the inflati...
A: DISCLAIMER “Since you have asked multiple question, we will solve the first question for you. If yo...
Q: What is “B.O.P”? Explain the importance of “Balance of Payments” to Managers of Public and Private ...
A: "Since you have asked multiple questions, we will solve the first question for you. If you want any ...
Q: If the league was ruled a single-entity which of the following would be true? The league would...
A: The operating unit for which financial information is in turn being reported is known as a single en...
Q: The following headline appeared in the London Times, "England's sheep population nearly destroyed by...
A: Please find the answer below.
Q: 2) Explain the role of Lambda coefficient in measuring the firm's liquidity,
A: LAMBDA : Lambda is defined as the amount of leverage employed by an option. *In financial...
Q: What is the accumulated amount of a 8-year annuity paying ₱ 1,067 at the end of each year, with inte...
A:
Q: Which of the following statements correctly describe discouraged workers? (If none of the choices ap...
A: Unemployment refers to the situation where a person who is ready to work does not have work is not a...
Q: Suppose that you have two opportunities to invest $1M. The first will increase the amount invested b...
A: Utility function = 2.3ln(1+4.5x) First opportunity : Returns = + or - 50% Probability of gain = 0....
Q: 2. Find the present worth of perpetuity of P 15,000 payable monthly if money is worth 10% compounded...
A: Given information Monthly payable amount=P15000 Annual interest rate=10% Payment period=12 Compoundi...
Q: How does a growing trade deficit affect a country's GDP? Explain your answer.
A: GDP refers to the final value of goods and services produced in an economy during a year. The GDP is...
Q: 1. Suppose the diagram below depicts the labor market in Oldland before the departure of 1 million w...
A: Dear learner you have posted multiple questions, as per our policy we have solved only first questio...
Q: Comparison of the share of the total income in a society that different groups receive measures: ele...
A: The answer is - income inequality.
Q: Provide three characteristics that prevent health care markets from allocating resources efficiently...
A: We have show that ,The healthcare industry is a multibillion-dollar industry in the USÀ that provid...
Q: Karl Marx argued that an 'Industrial Reserve Army of the Unemployed' would be produced by capitalism...
A: a). There are valid justifications why capitalism produces and reproduces unemployment after some ti...
Q: Do undocumented immigrants overall represent a net economic cost or benefit to the United States?
A: Immigration:- The global movement of individual to a target nation where they will not be natives a...
Q: Ruby loves dividing her free time between going to the movies and reading. She has 20 hours per week...
A: Given: Amount per week=60 Cost of going of movies=6 Cost of books=15
Q: 4. What is not an assumption of the Neoclassical view related to inflation? a. Full employment b. Co...
A: Neo classical models do not assume increasing returns to scale.
Q: The example of "analog reasoning" described in Frijters/Foster likened migration to... a)A picnic in...
A: Let's say individuals want to model the economic phenomenon of labour migration as an example of ana...
Q: Would you expect marginal utility to rise or fall with additional consumption of a good? Why?
A: Price at which the consumer is willing to pay and has the good that is willing to pay and goods like...
Q: Next c A good or resource is excludable if A. when you pay for the good or resource, you are guarant...
A: ANS : As per given situation that a good kr service is considered to be as excludable as if : A) wh...
Q: If there is a shortage of loanable funds, then • 1) the quantity of loanable funds demanded is great...
A: Disclaimer: “Since you have asked multiple question, we will solve the first question for you. If yo...
Q: Mortgage pools that are generally broken up into tranches, repackaged, and marketed to investors as ...
A: A mortgage refers to the credit that is for buying or maintaining a home, land, or other piece of r...
Q: The chart below gives the data necessary to make a Keynesian cross diagram. Assume that the tax rate...
A: National Income Ater tax Income Consumption I+G+X Minus Imports Aggregate Expenditure 100 ...
Q: Required information MPC = 0.9; MPM = 0.2 Refer to the above information to answer this question. W...
A: The marginal propensity to earn, (MPE), is a difference between MPC and MPM
Q: Question 25 (In this question we denote income by Y). The following figure shows the consumption of ...
A:
Q: What are the present worth and future worth of P6000 deposited at the end of every month for 4 years...
A: Quarterly deposit = 6000 x 4 =24,000 Quarterly rate of interest rate = 12/400 =0.03 Total periods = ...
Q: Question 13 Two of the economy's most important financial intermediaries are suppliers of funds and ...
A: Financial Intermediaries:- Financial intermediaries play a role of middlemen for fund transfers, mos...
Q: Which of the following would be cases of cartels? Check All That Apply Ford Motor Company OPEC ...
A: A cartel is a group of unaffiliated firms or organizations that band together to influence the price...
Q: A company issued 50 bonds of P 1,000.00 face value each, redeemable at par at the ends of 15 years t...
A: Given: A company issued 50 bonds of = P1,000 face value each Redeemable at par at the end of = 15 ye...
Q: You are the manager of a supermarket, and you know that the income elasticity of peanut butter is ex...
A: Given information, Income elasticity of peanut butter: -0.7 Percentage decrease in the income: 15%...
Q: Say that a certain stadium for professional football has 70,000 seats. What is the shape of the supp...
A: Given that the stadium contains 70,000 seats.
Q: Examine the effects of government expenditure as a fiscal policy measure on the Philippines economy....
A: FISCAL POLICY: * Fiscal policy refers to the use of government spending and tax policies to influen...
List some arguments for and against the likelihood of “convergence”. What sorts of policies can governments implement to encourage convergence?
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- Please discuss the convergence idea extensivelyThe neoclassical growth model predicts absolute convergence for countries with the A. same technology. savings rate, and population growth B. technology and savings rate, but different rates of population growth C. same technology and population growth, but different savings rates D. same population growth and savings rate, but different levels of technologyWhat sorts of policies can governments implement to encourage convergence?
- A converging economy is one that Group of answer choices is classified as a high-income country, setting the benchmark for economic growth does not experience inflation has the capacity to catch up with leaders in technology will probably be politically less tolerant of inflation than high-income countries1.3 Economists who have studied economic growth find strong evidence for convergence among countries between 1980 and 2000................... (True/False)Explain why a policy mix would result in growth in GDP.
- Please no written by hand Which of the following arguments favour the convergence theory? (Select all applicable answers.) a. Developing countries can learn from the mistakes and successes of developed countries. b. Developing countries tend to have more innovations. c. Technological advancement will help developed countries escape the law of diminishing returns. d. The law of diminishing returns implies that the more developed countries grows more slowly.Why might we expect real GDP per capita in California and Pennsylvania to exhibit convergence but not in California and Baja California, a state of Mexico that borders the United States? What changes would allow California and Baja California to converge?Why do some economists believe that better inventory control software may help to reduce the frequency and severity of recessions? Could differences in technology explain why recessions appear to be more frequent and more severe in poorer countries?
- Q4. Which of these statements best describes the speed of convergence between high income countries and the rest of the world? (Pick 1 answer) A. Convergence will occur over a period of several decades. B. Convergence will occur in 1-2 years. C. Convergence will occur in 3-5 years. Q12. In macroeconomics, the connection from inputs to outputs for the entire economy is called? (Pick 1 answer) A. an aggregate production function B. human capital C. physical capitalTHE COLLAPSE OF THE GROWTH TIGERS Following in the footsteps of Japan, many other east Asian countries followed suit and generated unprecedented growth rates that averaged about 10% per year Hong Kong and Taiwan were first, followed by South Korea and Singapore. More recently, Thailand, Malaysia, and Indonesia posted growth rates of close to 10%. All of these countries maintained these superheated growth rates for at least two decades. Thus it came as a major shock to economists and investors around the world when the Thai baht uncoupled from the dollar and devalued in July 1997. The Malaysian ringgit, Indonesian rupiah, and the South Korean won quickly followed suit, with all of these currencies falling more than 50% relative to the dollar during late 1997 and early 1998. The currencies of Singapore, Hong Kong, and Taiwan also came under pressure but were not devalued. Not only did the superheated growth rates of the growth tigers suddenly come to a halt, but these countries plunged…What do you believe is more of a problem towards long-term economic growth: persistent inflation or unemployment? justify your answer.