suppose you ar etrying to determine the aftereffects of hurricane Katrina on the economy of Louisiana.  Which assumptions could be made to simplify the study?  Note that not all statements may be placed. 1. consider the effects on all of Louisiana's interstate trade partnters 2.  focus on just the crawfish-and catfish-farming industries in Louisiana 3.  determin the effects while holding the infrastructure and factors of production constant 4.  track the total net worth of the output produced by the state prior to the hurrican and after the hurricane 5.  compare the change in prices for all goods

Q: y are US and China involving themselves in trade war? What could be possible implication of this…

A: The trade war between these two developed nations is occurring because each nation wants to show…

Q: Illustrate and explain with a diagram of a production possibility curve, the following; -…

A: Production Possibility Curve (PPC): The PPC is the locus of different combinations of two goods that…

Q: Which of the following best captures the main idea of Bastiat's "The Candlemaker's Petition? O It is…

A: Frederic Bastiat was best known for his thesis against protectionism as he identified some…

Q: Palawan is an ideal place when it comes to Government Policy for the protection of the natural…

A: When infrastructure is good then it will help to generate income, by making roads, buildings, proper…

Q: Table: Production Possibilities for the United States and Canada U.S. Production Possibilities One…

A: Absolute advantage means producing the good more efficiently ie higher output with same inputs.…

Q: Ind.1 100 600 300 Ind.2 400 200 700 Ind 3 50 350 50 Ind 4 250 150 25 Suppose we are given the…

A: “Since you have posted a question with multiple parts, we will solve only the first parts for you.…

Q: QUESTION 4 Introducing free international trade in the specific factor model expands the set of…

A: When talking about specfiic factor model, it is one of the ways to explain the gain from…

Q: What is the opportunity cost (in civilian output) of a defense buildup that raises military spending…

A: Defense buildup increases military spending from 4% to 4.3% of a $20 trillion economy.

Q: Exhibit 2: The Production Possibility Frontier of an Economy Consumption Goods (C) C4 C34 C3 A2 A3…

A: The production possibilities curve (PPC) refers to a graph that depicts all of the possible output…

Q: elt and Road ini

A: The Belt and Road Initiative is a global infrastructure strategy for development being adopted by…

Q: Production Possibility Curves For Idaho and lowa: Alfalfa and Corn Corn production in bushels per…

A: Absolute advantage refers to the ability of one producer who could produce output in greater…

Q: Assume that Derryland and Whetonia each has 40 labor hours available and that there is no trade.…

A:

Q: Assume a Ricardian, constant-cost world. There are two countries, the United States and Canada. Each…

A: The Ricardian model implies that two nations produce two things using just one element of the…

Q: An Indian farmer exports onions to Pakistan retail chain under guarantee scheme from   O a. EXIM…

A: A credit guarantee conspire provides third-party credit hazard moderation to moneylenders through…

Q: What makes local material "Coconut Coir" imporant in our economy?

A: Coconut coir is important raw material in our economy because:- Abundant:- Coconut coir is…

Q: What does it mean by "Transportation" when pertaining to the North American Free Trade Area?

A: There are no import duties or restrictions on items from one nation entering another in a free trade…

Q: The table below shows the monetary value of the Turkey and Zimbabwe. Use It to answer questions…

A: Ricardian logic refers to the theory of comparative advantage in the theories of international trade…

Q: y be spent on purchasing votes (i.e., any ional defense? How many for the road? Place those values…

A: Answers (A)   Public Goods  Garcia Johnson Lee National Defence  20 7 12 Road  10 17 10…

Q: Suppose there are two countries Peru and Japan that produce Food and Fuel. Peru can produce 7,523…

A: Peru  Japan Food  7523 5733 Fuel 17853 24156

Q: #3 PRICE (Dollars per tonne)…

A: Consumer surplus is the area below the demand curve and above the market price. Producer surplus is…

Q: Imagine a scenic canyon, visited by many local people as well as tourists from beyondthe local area.…

A: For making a comparison, we will need following things - 1. number of tourists coming to visit…

Q: Examine the macro-environmental factors in China affecting television manufacturers like Skyworth…

A: GIVEN   Examine the macro-environmental factors in China affecting television manufacturers like…

Q: What could be a proper example for the issue number two?

A: The growth and development of every economy takes place through the exploitation of the environment…

Q: Figure: Blcycles and Radishes I Bicycles (per perlod) Bicycles (per perlod) Country A Country B IN…

A: Suppose, there are two goods in an economy, Good X and Good Y. The firm decides to produce Good X…

Q: Lebanon is a hub for Syrian O access dollars O hank accaunts, O small goods to take back to Syrla O…

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

Q: 7. Brobdingnag has a comparative advantage in the production of

A: A country has comparative advantage in that good which it can produce at lower opportunity cost (OC)…

Q: Describe the Pros and Cons of Globalisation in the wave of cross continental, cultural barriers from…

A: Globalization has created a wave in the cross continental and has impacted cultural barriers in the…

Q: A nation with fixed quantities of resources is able to produce any of the following combinations of…

A: Meaning of Production Possibility Frontier: The term production possibility frontier refers to the…

Q: Enumerate the effects of the global pandemic on international trade and economic performance of the…

A: The Covid-19 epidemic has had a significant impact on people's lives and livelihoods. It has also…

Q: The following table describes the productionpossibilities of two cities in the country of…

A: Given: To Find: Without trade, what is the price of white socks (in terms of red socks) in Boston?…

Q: 1.) Assume you are exporting a perishable product from the Philippines to the United States.…

A: Global exchange of capital, goods and departments across global lines or domains due to the need for…

Q: During the second world war, Germany's factories were decimated. It also suffered many human…

A: A production–possibility frontier (PPF) or production possibility curve (PPC) is a curve which shows…

Q: If you and your neighbor decide to specíalize and advant trade, how many apples and oranges will you…

A: Since you have specifically asked for subpart G, will give solution for that subpart onwards.  A…

Q: Companies often choose to build plants compliant with stricter environmental standards when they…

A: The lax environmental standards are those standards that are less strict in nature. This implies…

Q: Why is climate change expected to exacerbate negative effects on women's environmental health? Oa…

A: There are various factors such as social, economic, and cultural which make women vulnerable to…

Q: Q.1. What do you mean by Equilibrium? Discuss how it occur with example. Q.2. Do you think that the…

A: Since you posted multiple questions, we will provide the answer for first questions.

Q: 1 Someone has a comparative advantage in producing a good if they can produce that good ANSWERS a с…

A: The transfer of capital, technology, goods, and services between nations is referred to as…

Q: QUESTION 1 Policies for controlling toxic emissions include the following: A. Controlless of toxic…

A: Sovereignty Sovereignty is the supreme supervisor, or agency, in the country's decision-making…

Q: For all questions, refer to the graph on the reverse side.  Use this graph for 1 – 4.  The graph…

A: The equilibrium price and equilibrium quantity of a good sold in the market are determined by the…

Q: Assume a Ricardian, constant-cost world. There are two countries, the United States and Canada. Each…

A: International trade refers to the exchange of goods and services between two or more nations for…

Q: Questions attempted 2/38 26 of 38 cemiany nas a comparative advantage over England in the production…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: MSC MSB 100 200 300 400 500 600 Quantity (pounds of coffee per day) The above figure shows the…

A: Marginal social cost is the cost that is incurred by whole society. It refers to the sum of private…

Q: Germany Production Possibilities (Production Alternatives) Product D Autos 4 12 16 20 Chemicala 40…

A: * SOLUTION :-  Given that ,    (3)

Q: intry A has only öne submarien whith which it can target one (and only one) of three shipping…

A: Country A has three strategies: Targetting convoy 1 of country B (T₁) - Targetting convoy 2 of…