progress being ight against poverty Most development economists now seem to agree that the level and rate of growth of GNI and per capita incon asures of a country's development. What is the essence of their argument? Give some examples.
Q: 3. Briefly explain how a hike in fuel prices would affect your business costs, sales,competitiveness...
A: Cost refers to the total expense that is incurred in the production of a product in any firm. Cost i...
Q: Table shows the costs which individual producers incurred in providing haircut service. Producers of...
A: Producer surplus is the difference between the market price and the amount of producer willing to se...
Q: Select all that are true reagrding market risk for a bank. Adverse changes in the relative str...
A: In an economy, banks are the financial institutions that deals with the risk associated with the tra...
Q: The use of named ranges, can not in any way, reduce flexibility, create complexity and potentially i...
A: When talking about named ranges, it is considered bas one of the tools when analyzing data or making...
Q: What is Microeconomics?
A: Economics is concerned with the production, distribution, and consumption of goods and services. It ...
Q: Answer the following: 2. Which of the following is the MOST valid assumption about money? * A. Mon...
A: Introduction 2) The most valid assumption about money is option A) Money alters individuals percepti...
Q: In a market that allows free entry and exit, when does the process of entry and exit end for the typ...
A: New firms enter the market when existing firms are making a positive economic profit in the short ru...
Q: 2. There are three student canteens serving different types of foods located at the campus. Table be...
A: When per unit cost of production is decreasing known as Economies of scale. When it is minimum and ...
Q: If external economies of scale determine the location of tradable industries? Please explain.
A: Economies of scale refer to the fact that the more units a company produces, the less each unit cost...
Q: Evaluate the following statement "a higher unemployment rate is always a bad indicator for the econo...
A: Employment means the working people get the job when they search for a job. It means the workers are...
Q: 6. A transfer payment is a govermment payment A not made in exchange for a good or service. B. to co...
A: Note: We will answer the first question since the exact one wasn't specified. Please submit a new qu...
Q: The figure below shows a simple macroeconomic consumption model. The letters N and D indicate curves...
A: The term "savings function" refers to the standard equation of savings that defines the relationship...
Q: Consider a 2 player game in which every player has two pure strategies. Which of the following is FA...
A: Fals option is part B.
Q: 2. For the following questions, suppose the firm has the production function f(x,x2) = x,2x/2. The m...
A: Given Production function: f(x1,x2)=x11/2x21/2 .... (1)
Q: Country X can produce 1,000 units of food and 2,000 units of clothes. Country Y can produce 1,000 un...
A: Country X can produce 1000 units of food and 2000 units of clothes. Country X's opportunity cost of...
Q: O Both types would be made worse off O Both types would be made better off O Qualified would be bett...
A: Here in an economy with competitive markets has 2 kinds of jobs, Routine & Skilled. There are 2 ...
Q: Consider the two period consumption savings problem faced by an individual whose utility is defined ...
A: For the above question let us firstly derive the lifetime budget constraint : In period 1 : Budget C...
Q: what is the best example of negative integration and positive integration?
A: Economic integration:- Economic integration is a treaty among nations that typically means the elim...
Q: What is the law of diminishing returns and what does it imply about the shape of the firm’s average...
A: The shape of cost and production curve depend on the law of variable proportion of Factors in shor...
Q: Write down the three mai and core points of Criticism of Marshallian View?
A: Lionel Robbins spearheaded a direct assault against the Marshallian perspective. The primary grounds...
Q: A manufacturing company has been working with one of its primary suppliers to improve the quality of...
A: COQ is a methodology that allows an organisation to identify how much of its resources are spent on ...
Q: 1. Given the inverse demand equation P = 10 – 0.05Q and the inverse supply equation P = 1 + 0.10Q: ...
A: Given; Demand Function; P=10-0.05Q Supply Function; P=1+0.10Q 1) Supply and Demand curve:-
Q: Instructions: Enter your answer as a whole number. If you are entering a negative number include a m...
A: The aggregate supply is the total amount of services and commodities that firms in an economic plan ...
Q: ) A news report is released about the negative health effects of using notebook computers. Consumers...
A: In a market, the price of any commodity is influenced by the change in the demand and supply of that...
Q: What would happen if the government imposes a price ceiling on oil and gas prices, how would this af...
A: In an economy, price ceiling refers to the one of the ways of controlling prices by the government a...
Q: Which of these countries had the highest per capita expenditures on health care in according to the ...
A: According to the OECD, the top 5 countries that spend the most in healthcare per person as per 2018 ...
Q: Suppose countries X and Y current have the same level of production. If country X grows at 3.5% and ...
A: Given The production growth rate of country x (gx) = 3.5% The production growth rate of country y...
Q: As the case of the refined petroleum market, MBp=90-0.3Q, MCp=30+0.1Q, marginal profit=60-0.4Q, marg...
A: Negative Externality is the coat of society because it reduces the wellbeing of society such as poll...
Q: Why is it easier to identify the costs than the benefits of international trade?
A: International trade refers to the exchange of goods and services between nations. It includes export...
Q: (x) The federal healthcare spending program that specifically targets the poor is called Medicaid a...
A: The answer is - 1. (x), (y) and (z)
Q: 25) What costs do firms that shut down in the short run still have to pay? A. marginal cost B. fi...
A: Since you have asked multiple question, we will solve the first question for you. If you want any sp...
Q: please explain why the statements are false
A: Given: Own price elasticity of demand=0
Q: There are two students, each of whom can choose to plant flowers (F) or not to plant flowers (N). If...
A:
Q: What if the Global Strategy to Reduce the Harmful Use of Alcohol is achieved? 2. What if the Global ...
A: Helath is vey important for human capital . And compromising with this lead to loss of life of itsel...
Q: Solve the problem. A beverage company works out a demand function for Its sale of soda and finds it ...
A: When the demand is inelastic, the percentage change in quantity demanded is less than percentage cha...
Q: Many changes are affecting the market for oil. For example, Cars are becoming more fuel efficient, a...
A: The market for oil is the place where suppliers enter to sell oil, and households and other business...
Q: Define privatization in 30 to 40 words. The definition should be strong and in your own words. Thank...
A: Answer: Introduction: As we know that the word privatization is considered as the process of not inv...
Q: GRAPH SETTINGS Reset Country-X Initial Value ($50 – $10,000) 1,000.00 Value (thousands of dollars) [...
A: Given that, Countries X and Y each produce $2,000 of goods and services per year. Country X experien...
Q: What is Foreign Direct Investment (FDI) all about?
A: An investment is defined as asset which is acquired with the goal of earning income. This can be in ...
Q: An economy with competitive markets has 2 kinds of jobs, Routine & Skilled. There are 2 types of wor...
A: (Option D) 10 is the correct answer
Q: Define privatization in 30 to 40 words. The definition should be strong and in your own words. Thank...
A: Privatization is an important concept in the global scenario.
Q: Suppose that the population growth (gN) is 3% p.a., technological progress is 0,001% p.a. (gA) and t...
A:
Q: Trade between nations can be mutually beneficial if one country has a monopoly. an absolute advanta...
A: When two countries are involved in an international trade there are always gains from trade.
Q: 12. A ceramics manufacturer sold cups last year for P7.50 each. Variable costs of manufacturing were...
A: The dollar amount of revenue at which a company earns a profit of zero is referred to as break even ...
Q: Draw a perfectly price inelastic demand line. Then draw a supply increase. was affected more, price ...
A: A inelastic demand curve represent a demand that is not much responsive to change in the price of th...
Q: Which of the following will always produce a "black market?" a. public goods b. negative externaliti...
A: Black market refers to the situation where the goods are sold at a rate higher than the price fixed ...
Q: Explain how any technological advancement (increase in our A from production function) could affect ...
A: Technological advancement reduces the cost of production and increases the labour productivity whic...
Q: Use graphical method to solve the following LPP: Maximise Z = x+ 4y Subject to the constraints: x + ...
A:
Q: A news report is released about the negative health effects of using notebook computers. Consumers a...
A: The demand curve shows the association between the amounts of commodity demanded by the consumer at ...
Step by step
Solved in 2 steps
- How is there a relationships between inequality and development. How does this relate to suggestions that development strategies should prioritise the satisfaction of basic needs?What is the relationship between property rights, corruption and economic progress? do the anti-corruption efforts improve the country level of economic development?What is the real meaning of development Is underdevelopment a domestic or internally induced phenomenon? Explain the implication of extreme gap between rich and poor countries in the world. Identify the different sources of national and international economic growth?
- List the variety of policy tools available to government for increasing the rate of return for new technology and it's encouraging development.Q: What are good economic institutions, why do so many developing countries lack them, and what can developing countries do to get them. Justify your answer.Answer of both parts will appreciate and i will rate positive B) how can international aid assist countries with economic development? Can international aid also cause problems? C) what can be done to Assist development countries?
- 3.Given the diversity of developing countries, do you thinkthat there could ever be a single. unified theory ofdevelopment? Explain your answer.Discuss in at least four ways why the education of women is considered the most cost- effective form of development investment. Use microeconomics and macroeconomics theories and graphs. Give in depth analysis for all answers pleaseThe chapter discusses some "trap" issues for developing countries, such as middle-income trap, underdevelopment trap, and poverty trap. What do you think the root cause(s) of these issues in the developing countries? Can the developing countries escape from this trap? And to what extent the roles from developed countries are need? Explain and give example to support your answer!
- How significant an issue is this for the countries studied? Consider the implications of income inequality on growth and stability.The word trap suggests that there may be a way to escape.Does developing countries can escape all of the traps described in the contemporary models of development and underdevelopment? Which ones would be most difficult to escape? How could the developed world be of assistance in these cases? Could developed countries do more?1. Give ideas/examples can the international community (United Nations) take in improving affordable accessibility to technology for developing nations or communities? 2. Give ways/examples that the Member States of the United Nations can do to ensure that developing nations have the capability to transition through advancements in technology.