The process of national economic integration and consolidation thatfollowed the Civil War (mark all that apply):O Benefited from wartime developments affecting the banking system, railroads,and communication.O Was made possible by the resurgence of the southern economy.O Was aided by the Homestead Act and grants of land to railroads, which made lotsof land available to aspiring western farmers.Was driven forward by the rise of cities like Chicago, where grain, meat, andlumber was processed on an unprecedented scale.

In an economy, civil war refers to the situation when people oda country fight with each other.…

Answered: The process of national economic…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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All of the following statements align with the post-war consensus EXCEPT Select one: O a. Capitalism benefits more people than it harms O b. The main threat to national security came from anti-war protesters O C. The federal government can be trusted to act in the public interest O d. The U.S. was a free country with liberty and justice for all
Would you consider that imperialism, the policy of extending a country's power ad influence through diplomacy or military force, is similar in any way to globalization, in terms of concepts, driving forces, activities, or net results? What do you think will happen with respect to “globalism” post Covid?
. Ricardian Model. Consider two countries: A and B. Labour is the only factor of production for goods X and Y. Consider the following matrix of unit labour requirements. X Y Labor Endowments Country A aLx = 8 aLy = 4 240 Country B aLx* = 6 aLy* = 2 120 Which country has an absolute advantage in producing good X? Good Y? Which country has comparative advantage in producing good X? What is the autarky relative price of good X for country A? For country B? Draw the world relative supply curve RS for good X. Label all the axes (relative price of good X on the vertical axis and world output of x relative to y on the horizontal axis) and the relevant points. Suppose that the world relative demand RD for good X is given by: (Px/Py) = 7 – 9 * ( ( Qx +Q*x) / (Qy + Q*y) ). With free trade: (i) What will be the equilibrium world relative price of good X be equal to? (ii) Calculate the equilibrium wage rate w in A relative to that…
Help understanding this? Consider two countries, A and B. Assume that both countries have identical physical endowments of iron ore. In country A, any profits made from mining the iron ore are subject to confiscation by the government. While in country B, there is no such risk. How does the risk of expropriation affect the economic endowments of the two nations? Which nation would you think would be richer? Why? Given your answer to the above, why is there widespread political support for government policies that expropriate resources from some groups for the sole purpose of handing them out to other groups?
Consider a Ricardian trade model where both countries have expenditure share q = 0.2 on manufactures, Country 1 has Am = 1 and As = 4 and L = 100 while Country 2 has Am* = As* = 0.5 and L* = 200. With free trade, which of the following is true? Group of answer choices - The relative wage is w/w* = 8 - Country 1 produces 400 services and exports 80 services - Country 2 produces 100 manufactures and exports 80 manufactures - All of the other options
Specifically, this insert begins with the conjecture that at this juncture, opinions differ on the future of IB and globalization, but that three scenarios predominate, specifically: Further globalization is inevitable. IB will grow primarily along regional rather than global lines. Powerful forces opposing further globalization and IB will slow their growth. Primarily supporting the prediction that further globalization is inevitable, the insert explains, is the contention that _______. A) people want more global homogeneity of cultures B) those protesting expanding globalization will eventually be persuaded to change their views C) international organizations will replace nation-states D) technical advances in transportation and communications expand human connectivity
1. Try to describe the global economic crisis on world trade and commodity prices because of the COVID and use the Stopler-Samuelson theorem to predict the effect on income distribution in Australia. It should be imagined Australia is a specific factor economy with 'mining' in Queensland and Western Australia on the one hand, and a sector included manufacturing, agriculture and services in the other states. Assume that there is mobile labour between these two sectors, that there is no unemployment, and that Australia is a price taker for its exports.
The International Monetary Fund (IMF) expects the Sultanate's GDP to grow 3 per cent next year compared to -2.8 per cent in 2020, as the COVID- 19 pandemic adversely impacts economies globally, a report said. According to the IMF's World Economic Outlook, oil exporting nations in the Middle East and Central Asia are expected to see a 3.9 per cent decline in GDP growth this year, rising however to 4.6 per cent in 2021, while growth in oil-importing countries is expected to decline to -0.8 per cent this year, rising to 2.9 per cent next year. "The COVID-19 pandemic is inflicting high and rising human costs worldwide," the multilateral global lender said in the Executive Summary of its report. "Protecting lives and allowing health care systems to cope have required isolation, lockdowns, and widespread closures to slow the spread of the virus. The health crisis is therefore having a severe impact on economic activity." According to the Fund, many countries face a multi-layered crisis…
The COVID-19 pandemic has adversely affected international travel and also had an impact on globalisation. There are also increasingly serious global political issues emerging including; great power rivalry, renewed border disputes and other political tensions flaring up in different parts of the world. a) From an institution-based perspective, how are national and international politics likely to influence future paths of globalization? b) How should multi-national entities respond strategically if a “new cold war” emerges due to great power rivalry?
Consider the Ricardian model with two countries, Home and Foreign, and two goods, X and Y. If Foreign workers have a higher real wage than Home workers and Home country has a comparative advantage in good X, we can conclude that: (a) Foreign country has absolute disadvantage in good Y. (b) Home country has absolute disadvantage in good X. (c) Foreign country cannot benefit from trade with Home country. (d) If trade is allowed, in Foreign country, those labours that are employed in the production of good X will lose from trade whereas the ones employed in the production of good Y will gain from trade. Explain your answer clearly. Limit your explanation to 200 words.
Specifically, this insert begins with the conjecture that at this juncture, opinions differ on the future of IB and globalization, generally coalescing on three projections: Further globalization is inevitable. IB will grow primarily along regional rather than global lines. Forces working against further globalization and IB will slow down the growth of both. The view that regionalization, rather than globalization, will prevail in the future is largely based on the use of __________ among countries in a region. A) religious shifts B) common language C) universal products D) shared ideals
Answer as brief as possible. 1. What is the difference between state to state regionalism and non state regionalism? 2. What triggers various regionalist projects?

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