Please discuss the concept of the Balance of Payment account. Further, discuss the three components of the balance of payment accounts. Finally, how does the capital account of the BOP affect the current account of the BOP?

Q: If a perfectly competitive market is in long-run equilibrium, then the market is:   productively ef...

A: Perfect competitive firm is the one which contains a lot of sellers, each of which sells the same pr...

Q: D1. LR Agg S P. P, Agg a, ON We can say that O In the long run, P and Q will re O In the long run, Q...

A: Aggregate supply is the total amount of goods and services that firms are willing to sell at a given...

Q: Suppose individuals now believe that there will be an increase in the future expected interest rate....

A: An interest rate future is a financial derivative that allows exposure to changes in interest rates....

Q: a. Compare the elasticity of a monopolistic competitor's demand with that of a pure competitor and a...

A: Market structure has an impact on the supply of various items on the market. When there is a lot of ...

Q: TRUE or FALSE. If the statement is correct, write TRUE on your answer sheet. If the statement is inc...

A:

Q: 2) Explain the relationship between short run ATC and MC and why ATC is U-shaped in short run?

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

Q: what is the relationship between wages and robbery?

A: Concept: Wages: In economics, wages refers to the price paid to the labor for the services rendered ...

Q: 12. Consider starting from full-employment equilibrium in our Aggregate Demand and Supply model (wit...

A: In an economy, misperception of prices explains the situation when an increase in price level will a...

Q: Derive and extensively discuss the equi-marginal principle. a. Two commodity case b. Three commodity...

A: Now suppose that there are two commodities that are x and y, the price of x is Px, and the price of ...

Q: Suppose the economy is initially in long-run equilibrium. What are the long-run effects on potential...

A: The fiscal policy refers to the the policies of the expenditure and taxes. The fiscal policy is oper...

Q: The price elasticity of demand for a monopolist product is-0.7. Advise the firm on its pricing strat...

A: The measure that depicts the percentage change in quantity being demanded with respect to change in ...

Q: Johnson’s pig farm faces a demand curve given by Q = 40 – 2P and has a constant marginal and average...

A: Answer: Given, Demand function: Q=40-2P Average cost=Marginal cost= $15.50 Let us convert the demand...

Q: (2) Two competing firms are each planning to introduce a new product. Each will decide whether to pr...

A: Two firms are given in the question namely firm 1 and firm 2. They are deciding whether to produce P...

Q: (5) On your graph, indicate the supply curve of your firm in the short run.

A: Demand and supply  In an economy there is always a demand for goods and services and the supply of g...

Q: Given: Qd =– 9P + 2,557 Qs = P – 75

A: Equilibrium is defined as a position where the economy reaches a stable state. The forces of demand ...

Q: 1. The cost in dollars, of producing x golf balls is given by: C(x) = 0.35x + 64 000 The average cos...

A: Answer -

Q: Question 7 The fact that in the USA, a municipal bond could have a lower yield compared to federal g...

A: Municipal bonds are issued by municipal corporations.  

Q: Question: a) :What is the importance of capital? b): How many types are in the division of labour?

A: Answer is given: The importance of capital is given as:

Q: Suppose the competitive tablet market is in long-run equilibrium. If at this equilibrium, the typica...

A: Average total cost = Total cost / Quantity of output  

Q: Question 21.21. Which would be an implicit cost for a firm? The cost of worker wages and salaries fo...

A: We know that Implicit cost is the cost that represents the opportunity cost of consuming resources w...

Q: 5. Achieving lower pollution Suppose the government decides to raise the gasoline tax as a way to re...

A: The charges that are being levied by the government on certain goods and services and are the main s...

Q: 1.2 When Acme Dynamite produces 200 units of output, its variable cost is S3,000, and its fixed cost...

A: Variable costs change based on the amount of output produced. Variable costs may include labor, comm...

Q: 1) Consider a two-person, two-commodity, pure exchange, competitive economy. The consumers' utility ...

A: Introduction Here are two commodities, two consumers and competitive markets. Let utility function o...

Q: Ricardo-Viner Model a. Consider a manufacturing firm where total cost (TC) equals the product of the...

A: Given information Manufacturing firm is working under perfect competition. Total cost is cost incurr...

Q: An equipment was installed at distillery plant at a cost of Php 300,000 and projected to have a usef...

A: Rather than being charged to expense in the period of incurrence, a capitalised cost is recorded as ...

Q: b) Given that nothing else is borrowed in the near future, the length of time it will take a governm...

A: Government debt Government Debt is a concept that has been for a long time and will continue to exis...

Q: Suppose the competitive tablet market is in long-run equilibrium. If at this equilibrium, the typica...

A: "In a competitive market a firm attains a long-run equilibrium at a point where price equates the mi...

Q: Assume that the most efficient production technology available for making vitamin pills has the cost...

A: Cost basically refers to the total expense that occurs in a production process. It includes both typ...

Q: 1. Can you estimate a regression model for Y and X? 2. What are the assumptions of the model in 1? 3...

A: According to the answering guidelines, we can answer only three subparts of a question and the rest ...

Q: Graphing the steady-state: reorganize the equilibrium law of motion into two functions, a linear fun...

A: Given information There are 2 function  1 function is liner function which is denoted by g1(k) 2nd f...

Q: Good X If BC2 is the relevant budget constraint, then which of the following bundle(s) is(are) affor...

A:  A budget constraint shows the amount of goods that consumer can purchase with given set of income  

Q: Question 45 challenged." "According to the idea of O Inoculation; strongly O inoculation; mildly it ...

A: In an economy, when people make decisions, there actions explains their behavior and beleifs, which ...

Q: From 1970 to 2020, real per capita gross domestic product (GDP) in the United States increased by an...

A: Real GDP per capita is calculated by dividing a country's total economic output by its population an...

Q: In a small isolated town, there are two types of people, saints and crooks. In business dealings bet...

A: The Nash equilibrium is  basically a type of decision-making theorem in game theory that said that i...

Q: what models have the best explanatory power and explain why? Sectoral model Electoral model Societal...

A: The regression model can be written as : Y = a + b X + e Where Y = Dependent variable             a=...

Q: Some years ago, a new brand of toothpaste was introduced in the United States. According to its adve...

A: The sum/addition of all the values in a set is divided by the total number of values in the set to g...

Q: 3. James borrowed Zae's truck to drive up to Two Sustah's for a fish plate. When he pulled up in fro...

A: Risk is basically defined as the probability that the actual profits from a result or investment wil...

Q: Relative to a monopoly charging a single price to all consumers, perfect price discrimination produc...

A: Producer surplus is the difference between how much a person would be willing to accept for given qu...

Q: easha Pratt will graduate from high school next month and cannot decide what she wants to do. She ha...

A: Economic decisions are those decisions in which people will choose what to do with limited resources...

Q: Does a relationship exist between increasing returns to scale and long-run average cost? Ex with the...

A: Economies of scale or increasing returns to scale are utilized conversely; both implies to a fall in...

Q: According to the Islam (2000) article "Comparative Advantage and Trade Balance in U.S. Agricultural ...

A: The author Islam talks about the comparative advantage and trade balance with respect to US Agricult...

Q: Assume that Lucky Bank is required to hold a 10% deposits as reserves, and there is a $3000 increase...

A: PLEASE FIND THE ANSWER BELOW.

Q: a tern utility function of the form u(w) = Vw. What would the ndividual be willing to pay for a lott...

A: As it is given lottery pay =$1,000,000 probability =0.0015

Q: Assume you are selling pizzas at $3 per pizza Your fixed costs (rent, salaries, and utilities) are $...

A: At Break Even Point, total revenue is equal to total cost. A firm neither earns profit nor incur los...

Q: supposed to utilities, peoples electric and municipal Energy, each produce 100 tons of pollution per...

A: In economics, utility refers to the complete pleasure derived from the use of an item or service. Co...

Q: a. Distinguish between legally required reserves and excess reserves.  b. Why don’t banks hold a 100...

A: The correct answer is given in the second step.  

Q: Suppose the domestic supply (QS) and demand (QD) for MP3 players in the United States are given by t...

A: We have given the domestic demand and supply of MP3 players in the US as follows QS=-25+10P       .....

Q: BC1 BC2 D Good X If the budget constraint shifts from BC2 to BC1, then A the consumer decreased the ...

A: A budget constraint is a graphical representation of all conceivable combinations of two commodities...

Q: cross-price elasticities

A: Elaticity shows much demand of a good changes due to change in the price of a good.