The theory of comparative advantage: O a. Claims that economic well-being is enhanced if each country's citizens produce only a single product. O b. Claims that economic well-being is enhanced when all countries compare commodity prices after adjusting for exchange rate differences order to standardize the prices charged by all countries. O. Claims that economic well-being is enhanced if each country's citizens produce that which they have a comparative advantage in producing relative to the citizens of other countries, and then trade production. O d. Claims that no country has an absolute advantage over another country in the production of any good or service.

Q: Create an introduction that includes an overview, site how the author/s conduct the study, why they ...

A: The above article is based on the usage and outcomes of the internet. In this going on era the role ...

Q: What is microeconomics

A: please find the answer below.

Q: The table below represents Freedonia's macroeconomic data for 2003 and 2004. Year Y K L 2003 2000 17...

A: Note : There are multiple subparts of the question. Hence we shall solve the first three sub parts f...

Q: Consider a simple economy that produces only three products: hot dogs, torches and golf balls. Use t...

A: In the question above, it is given that : A simple economy produces only three products - hot dogs,...

Q: Match tne explanation for why people buy more at lower prices with the proper term. Substitution eff...

A: Quantity demanded refers to the quantity of associate item or service that customers demand througho...

Q: Ceteris paribus, if the Fed was targeting the quantity of money supplied and money demand increased,...

A: The money supply in an economy is the amount of money available in the economy at a particular perio...

Q: Rational choice is made by comparing different incentives. is what you must give up to get what you ...

A: C is a choice that uses the available resources to best achieve the objective of the person in makin...

Q: The major hypothesis of the structural change model is that development is an identifiable process o...

A: The structural change theory examines how undeveloped economies shift from a significant reliance on...

Q: Optimal choice, example #4 Bob has utility function U(x,y)=x²+y over goods x and y. a) If Px=$30, Py...

A: * ANSWER :-    The Income consumption curve shows the relationship between consumption of goods and ...

Q: Draw a consumption-leisure diagram, carefully illustrating Bill's current labour supply decision. Ma...

A: Allowance given to Bill by his parents = $100 per week Bill earns $15/hr and spends 16hrs per day in...

Q: tarting from an initial equilibrium price, a surplus at that price can be created either by an incre...

A: The equilibrium quantity and price of a good sold in the market is determined by the demand and supp...

Q: Calculate the amount of interest on an investment of AED 258,792 at 8% simple interest for 6 years.

A: GIVEN     Here we will use the formula for simple interest, that is. A = P(1 + rt) We have, P = 258,...

Q: 5. The coach of a high school football team decides to allow girls to play football on the same team...

A: The problem relates to the subject of economic ethics and behavioural economics.

Q: The table below shows some data I got from FRED on the CPI and PCE deflator. The PCE deflator is a p...

A: Inflation rate is calculated as a percentage change in PCE deflator or CPI.  CPI calculated the over...

Q: Assume a consumer's demand for a medical service is as follows: Q = 100 - Pp where Pp is the out-of-...

A: Answer is given below

Q: The Kasibu Cooperative has invested a 145,000 new mechanical grading/sorter system which is project...

A: Given that, The Kasibu Cooperative has invested a 145,000 Revenue increase by 14,000 Number of perio...

Q: Barbara and Antoni each work 8 hours a day producing lemonade and pizza. In eight hours, Antoni can ...

A: The following graph represents the PPF of Antoni and Barbara;

Q: assume an investor is negotiating with the bank to pay either a 1.5% interest rate or a 2.0% interes...

A: I'm Assuming some of the Values so that I can answer this question.  

Q: 1. Comparison of two (2) administration in the Philippines in terms of poverty and unemployment ( yo...

A: The Philippines is a presidential republic with an equal distribution of authority across its three ...

Q: Suppose that the representative consumer's div- idend income increases, and his or her wage rate fal...

A: Substitution effect:- once a product's value rises, the substitution result happens, leading to a dr...

Q: Consider two neighboring island countries called Contente and Euphoria. They each have 4 million lab...

A: Since you have posted multi-subparts questions, As per answering guidelines, we are supposed to solv...

Q: Consider two individuals, Dave and Eva. Both Dave and Eva have initial wealth 810, 000 and face a 40...

A: “Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts f...

Q: For this question use this aggregate production function as a model of output. Y=Ax/K xL The margina...

A: The marginal productivity of capital refers to the change in the total product when one additional u...

Q: Why agrarian reform and land reform are important to Filipino farmers

A: In the Philippines, agrarian reform is a challenging process. Despite its strategic importance, it i...

Q: Multivariable Unconstrained Optimization. Solve for critical values and check for the sufficiency co...

A: Max U = 4X0.5Y0.5  Px = 2 PY = 8 Budget (M) = 100 Budget Constraint : M = Px X + PY Y 100 = 2X + 8Y

Q: pls solve this question within 20-30 minutes I'll give you multiple upvotes. Please obtain the same ...

A: There are many changes you can make to your home to increase its value. You may consider new landsca...

Q: 14. Supposing that a single consumer works for a firm, the quantity of labor input for the firm, N, ...

A: Answer  

Q: need this in words not handwritten please write this all in word form

A: Answer is given below          

Q: 1. Assume a daily production function for a firm is Q=min(3L, 4K) a. If L 100 and K = 100 what quant...

A: Here we calculate the followings terms of production and cost by using the given information and con...

Q: Which of the following identifies an important reason why empirical studies find that joining the Eu...

A: In 1973, when Britain joined the European Economic Community (EEC), it had faced a substantial net c...

Q: Production possibilities (alternatives) A B El Capital goods Consumer goods Refer to the above tabl ...

A: Production possibility curve shows the two goods possible combinations  which can be produced with g...

Q: Use the following to answer questions 3-6: The market for sweet potatoes consists of 10 identical fi...

A: What is the price in this market.

Q: In the Grossman model of health production, people maximize lifetime utility overconsumption of heal...

A: Michael Grossman created the human capital model of health demand in 1972. The model considers healt...

Q: Economist defined economic recession as more the 2 consecutive quarters in which there is a decline ...

A: 1. Economist defined economic recession as more the 2 consecutive quarters in which there is a decli...

Q: QUESTION 8 Leisure, I Consider the picture above, in which the consumer chooses to dedicate all of t...

A: Here, the given graph shows the relationship between consumption and leisure choices of a consumer.

Q: In which of the following situations would you prefer to be the lender? 1) Expected inflation rate i...

A: please find the answer below.

Q: Provide a comparison of the four studied market structures by completing the entries on the followin...

A: There are four different market structures with perfect competition, imperfect competition and no co...

Q: 7) The market demand curve for a homogeneous product is given by p=70-Q where Q is the total quantit...

A: In economics, the marginal cost is the change in the total cost that arises when the quantity produc...

Q: Which of the following is NOT an example of moral hazard? an insured person not using preventive car...

A: Moral hazard refers to the situation where insured party acts careless because he thinks any loss if...

Q: discuss in detail what is the importance of dircet taxation and how application of direction taxatio...

A: Direct taxes, such as income tax, poll tax, land tax, and personal property tax, are one sort of tax...

Q: Study: 30-Year Life Expectancy Gap in 2 Chicago Communities The life expectancy of people living in ...

A: Economic growth and development somehow become the reason of improving the standard of living of com...

Q: Year Minimum wage CPI Minimum wage in 2020 $s 1949 $0.40 23.8 1968 $1.60 34.8 1995 $4.25 152.4 2020 ...

A: Consumer Price Index (CPI): Consumer price index (CPI) is a measure of the aggregate price level in ...

Q: 4. Inflation is associated with several costs, as well as some benefits, to economies. a) State one ...

A: The economies around the world have various entities, which are in the form of households, firms, in...

Q: Savings by households 5 percent Savings by businesses 12 percent Private investment 18 percent Net t...

A: Saving is the part of income which is not consumer . There are three types of saving one is private ...

Q: GDP and GNP cannot be grouped and calculated by industry. TRUE OR FALSE?

A: Industries refers to the group of organization that generated similar.prpducts with the use of simil...

Q: Assume the national debt is $18 trillion and the inflation rate is 2%. The deficit is $500 billion. ...

A: Given the national debt = $18 trillion Inflation rate = 2% Deficit = $500 billion  

Q: 1. Explain how each component in fiscal policy is used to solve the economic problem and illustrates...

A: Fiscal policy consists of three main components: 1. Receipts from the government2. Government Spendi...

Q: Question 6: (a) What is 'Business Cycle'? (b) What is the definition of: leading indicator, coincide...

A: (a) Business Cycle It is also called trade cycle or economic cycle, it describes the different stage...

Q: a) Is there an arbitrage?    Suppose an investment firm sells options.    (b) What is the t=0 pr...

A: Given,  X1 = (10,0,30) X2 = (0,20,40) X3 = (20,20,0)  At (t=0), price (P1,P2,P3)=(12,14,8)  

Q: vices 44,133 Primary income receipts 36,063 Imports of goods 132,484 Import of services 29,443 Prima...

A: Balance on goods = Exports of goods  – Imports = 107941 – 132484 = -24543 Balance of services = Expo...