Suppose you are a highly regarded international economic advisor. You have been asked to assess the possibilities of growth in an African country. It is a country abundant in labour and some natural resources. The capital to labour ratio is low. It has a free market economy. You have found that this country does not have a very strong and healthy banking system; however, the political system is stable and the government does a good job protecting property rights. Assess this country’s prospects for growth. Recommend two things that would enhance the country’s growth.

Q: QUESTION 12 In the expenditure approach to GDP, which of the following is excluded from measurements...

A: Introduction: Gross domestic product (GDP) is the total monetary or market worth of all completed pr...

Q: - Interest is paid because

A: To find : Why is interest paid. 

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A: Long run refers to the period of time where there is no fixed cost and all the factors that are invo...

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A: Generally , the socially optimal output is achieved when demand and supply are equated. And this lea...

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A:

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A: Profit a refers to the difference between total revenue and total cost. Profit per unit of product r...

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Q: uestion 20 0/1 pts Most of the short-run fluctuations are the result of demand shocks uncertainty ca...

A: Answer 20 - c) can’t determine because short run fluctuation are caused due to change in labour , ca...

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A: In February 2021 the price of the holiday was 500 GBP = 500*10 TRY= 5000 TRY. A 50% increase in the ...

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A: A deadweight loss is a societal cost caused by market inefficiency, which occurs when supply and dem...

Q: Fiona has von Neumann-Morgenstern utility function u(x) = VT and initial wealth 640, 000. She faces ...

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A: Suppose you have a choice to make between two options. Let’s say for example at one particular time ...

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A: Here we calculate the average cost and marginal cost by using the given cost function and fill the b...

Q: Considering an economy with a total labour force of 151 million people, in which 144 million people ...

A: Given: Total labor force= 151 million Employed=144 million Searching for job=7 million Adult populat...

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A: Total quantity supplied by the market is the sum of quantity supplied by each seller in the market a...

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Q: 1. In the Traveler’s Dilemma, each of two people chooses a number between 180 and 300. Each is paid ...

A: Traveler’s Dilemma is a type of a game which is non zero sum game. In this type of game each player ...

Q: During a particular year, farmers experienced a dry weather. If all the other factors remain constan...

A: To find:  During a particular year, farmers experienced a dry weather. If all the other factors rema...

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A: The economics as a study is based upon the idea that the resources which are present with the econom...

Q: 14. (continued) What happens to the labor productivity, which is the output per unit of labor, Y/L, ...

A:

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A: Globalization plays changed the part of the state in numerous ways: politically through reliance and...

Q: 100 200 300 400 figure above illustrates Mary's PPE. Which of the following statement is FALSE?

A: The production possibility curve shows the different combinations of two goods that can be produced ...

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A: The PPF shows the possible attainable points by an economy. In this case the economy is already on t...

Q: 2. A consumer with the utility function U(x1,X2) = x-x faces prices p, = 4, p2 = 5 and has an income...

A: Given; Utility function; U(x1x2)=x12x23 Prices of good x and good y:- p1=4p2=5 Income; I=$200

Q: What is the value of the unemployment rate in them most recent period on your graph?

A: Unemployment is an important concept in economics. It refers to the situation where an individual wh...

Q: What will be the socioeconomic impact of your business to your community?

A: The study of how social processes shape and are shaped by economic activity is known as socioeconomi...

Q: ASAP

A: A monopoly refers to a particular firm and its items controlling an entire industry whereby there is...

Q: A perfectly competitive firm, with MC=q operates in a market character,zed by the following market d...

A: In economics, profit maximization is the short run or long run process by which a firm may determine...

Q: You work for a pharmaceutical multinational enterprise (MNE) that sells flu shots, which re typicall...

A: 4) The data shows that the firm needs a large population or large scale to be viable than higher-inc...

Q: 56 56 48 48 PPF 40 40 32 32 24 PPF 24 16 16 - -- -- -- - 8 16 24 32 40 48 56 64 16 24 32 40 48 56 64...

A: Opportunity cost refers to the loss due to giving up the best alternative in making a decision.

Q: Explain Impact of wage policies on labour market in Oman.

A: The labor market is defined as the supply and demand for labor, with employees providing the supply ...

Q: Illustrate using a supply and demand graph what happened to Netflix resulting from new competition, ...

A: The demand and supply play an important role in determining the equilibrium price and quantity of a ...

Q: Price of good x (RM) Quantity demanded for good x (Units) Quantity demanded for good Y (Units) Quant...

A: Substitute commodities are goods that can be used in lieu of one another because they satisfy the sa...

Q: . Which market condition (Monopoly, Perfect Competition, Duopoly, or monopolistic competition) is go...

A: The market structure in which there are a high number of customers and sellers is known as perfect c...

Q: Why does the NRLA allow employees to strike and employers to perform lockouts? A. They put pressure ...

A: Note:  We’ll answer the first question since the exact one wasn’t specified. Please submit a new que...

Q: Jesse's utility function is given by U(L, C) = C(L+8). There are 16 hour in a day. His wage is $10/h...

A: GIVEN   U ( L , C ) = C ( L + 8 )  MRS = L + 8 / C  

Q: Using globalEDGE Identify the ten economies that had the highest total imports in merchandise trade ...

A: Imports are goods and services that citizens of a country buy from outside the country rather than b...

Q: Suppose you examine the bilateral trade flows between Northern Ireland and the Republic of Ireland ,...

A: C Between Northern ireland and the Republic of Ireland  Bilateral trade in between the Northern Isla...

Q: what is the role of radio in the media globalization?

A: Globalization is the process by which various cultures, societies, and economies become fully integr...

Q: Suppose we have the following time series data on variable Y (where t = trend): t Y 1 100 2 120 3 16...

A: Given:  t y (At) 1 100 2 120 3 160 4 200 α=0.5

Q: 57. The supply of a commodity refers to A. O Actual production of the commodity B. O Total existing ...

A: Introduction:- Supply: It is a fundamental economic concept that describes the total amount of a spe...

Q: Diego buys a one-year Argentinean government bond for 100 pesos. If the nominal interest rate on the...

A: Given,  Government bond = 100 pesos Nominal interest rate = 33% Expected inflation = 33%

Q: Fiona has von Neumann-Morgenstern utility function u(x) Vr and initial wealth 640,000. She faces a 2...

A: Risk-averse people will not be willing to take risks. Given: u(x)=x1/2  Initial Worth = 640,000 Loo...

Q: The social optimum occurs where price is __________ and quantity is __________.

A: The social optimum is at Social cost equal to price.

Q: QUESTION 1 From one year to the next, a country's output rose from 4,000 to 5,000, its capital stock...

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

Q: 18. Refer to Table 4-6. If the price were $4, a   a.  shortage of 10 units would exist, and price...

A: When price is $4 per unit, quantity demanded is 40 and quantity supplied is 65. So there is excess s...