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- A semiconductor is a key component in your laptop, cell phone, and iPod. The table provides information about the market for semiconductors in the United States. Producers of semiconductors can get $18 a unit on the world market. Price (dollars per unit) Quantity demanded Quantity(billions of units per year) Quantity supplied(billions of units per year) 10 25 0 12 20 20 14 15 40 16 10 60 18 5 80 20 0 100 Draw a graph (graph is for your own reference, not required to be attached in the answer sheet) to illustrate the U.S. supply and demand market for semiconductors. What is the price with free international trade? What is the quantity of semiconductors produced in U.S. and total quantity bought by U.S. people and the quantity exported from other countries? (3 marks) Due to loss of competitiveness brought on by appreciation of the exchange rate and the high production costs, U.S. government reduce the export (or limit the…QUESTION The Zambian soya market is growing rapidly with some exports being recorded. Soya beans are another type of beans which provides oil and vegetable protein more than many other plants. The growth in soya beans production and processing is mainly driven by the fast-growing poultry sector. The climate in Zambia is largely favourable for soya production and the arable land is vast enough to accommodate future expansion. The growth of this market made the Soybean Market in Zambia to be ranked 20th in 2020 from previous ranking of 37th. Given that the data in the demand and supply schedules below represents the market for Soybeans in Zambia; Price Quantity Supplied (packs) Quantity demanded (packs) K80 100 500 K90 150 450 Price Quantity Supplied (packs) Quantity demanded (packs) K100 250 400 K110 350 350 k120 450 300 REQUIRED What is the equilibrium price and quantity of Soybeans? What…The first two drop bar options are ( 1/2 pair, 1/4 pair, 2 pairs, 4 pairs) The third and fourth drop bar options are (euphoria or contente) For the chart Trade action drop bar 1 is (exports 26 or imports 26) Drop bar 2 is (exports 78 or imports 78) drop bar 3 is ( exports 26 or imports 26) drop bar 5 is (exports 78 or imports 78) Thank you for your patience and hardwork!!
- Question 32 Referring to the panels, which of the four panels represents the market for bikini bathing suits as a result of the invention of a new technology that allows for faster sewing of such bathing suits? Group of answer choices Panel (d) Panel (c) Panel (a) Panel (b)Question 27 . If Maxine and Daisy both specialized in the product in which they have a comparative advantage, would they benefit from trading with each other? Group of answer choices There is not enough information to know. No, at least one of them would not gain, and so would not gain from trade. Yes, they would both gain from trade.Which of the following statements concerning location economies is FALSE? Explain Why? 1. Companies must determine where to sell and where to produce. 2.The Internet is an industry where companies must locate facilities near their foreign customers, so decisions on market and production location are connected. (difficult, page 382) 3.Companies may have excess production capacity already in place that will influence their ability to serve markets in different countries. 4. The process of determining an overall geographic strategy must be flexible because country conditions change
- 7 “Conflicts in Russia and Ukraine are likely to affect how much wheat is available for purchase in global market since Russia and Ukraine are major global wheat exporters. When there is a shortage of wheat, bread prices usually rise. Therefore, the price of bread and other bread based products would rise in different wheat importing countries globally.” Make a judgement about whether the argument is likely to be based on sound or false premises. Give reasons for your answersBoth the United States and global economies are booming. Will U.S. imports and/or exports increase?Answer on question 2 part 4.
- Question 6 Boston Would Be Lucky to Lose the Olympics Competition There's no evidence that the Games boost tourism, and the costly new facilities turn into white elephants - Jan 9, 2015 WSJ "Construction executives in Boston celebrated on Thursday as the U.S. Olympic Committee selected the city to be America's candidate in the world-wide competition to host the 2024 Summer Games. Their companies will get lots of new, large contracts. Informed taxpayers in Boston were more subdued. They will have to pick up most of the tab. There is always great hype about hosting the Olympics. City and business leaders anticipate exposure, leading to increases in tourism, trade and investment. With a few exceptions, these buoyant expectations are not realized. A candidate city can expect to spend between $70 million and $100 million on its Olympic bid. venues as well as an Olympic Village, infrastructure, security, consulting agencies for planning and PR, staffing and travel, glossy publications…D7) Economics How do price ceilings in the rental housing market affect tenants? A. Since price ceilings keep rents from rising above a certain level, the net gain to tenants is positive. B. Tenants are worse off from price ceilings since the supply of rental housing falls in the long run. C.Tenants benefit from price ceilings since landlords have incentives to improve the quality of existing rental housing D. Since the supply of rental housing is inelastic in the short run, tenants are not affected by a price ceiling.QUESTION 49 If the opportunity cost of producing cheese is higher in Greece than it is in Italy, then: a. Greece gives up fewer goods to produce cheese than Italy does. b. both Greece and Italy should produce cheese. c. Italy has a better economy than Greece. d. Italy should specialize in producing cheese. e. Greece should specialize in producing cheese..