What are 5 techniques to employ comparative advantage?

Q: Select the correct statement/statements which are correct as per the famous 'Say's Law' using the co...

A: Answer: The correct option is: (d) 1, 2 and 3

Q: 6. Because of the peso devaluation, a car costing P150,000 is to be purchased through a finance comp...

A: An effective interest rate is the return on a savings account or other when the effects of accumulat...

Q: Which of the following economists is credited with developing the notion of "economic time?" Marbury...

A: An economist's involvement in development involves assessing statistics such as GDP and consumer con...

Q: Jacob manages a cloth manufacturing firm. He is deciding whether or not to invest in new machinery. ...

A: Net present value (NPV) is the difference between the present value of cash inflows and the present ...

Q: A certain quantity Q has initial value 5 and decays by 2% each day. Give an exponential function tha...

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

Q: Difference between Inter-regional and International Trade? 200 to 300 words paragraph

A: Answer: Nonetheless, there are several reasons to believe that international and interregional comme...

Q: Countries with higher physical or human capital per worker also tend to have higher production effic...

A: Production efficiency is an economic phrase that refers to the point at which an economy or organiza...

Q: An equipment cost P60,000 today and its salvage value is P20,000 after 6 years. Calculate its book v...

A: Given: Equipment cost=P 60000 Salvage value=P 20000 Life of asset=6 years

Q: Show graphically that the less responsive is investment to interest rates, the less effective is mon...

A: Answer -

Q: A monopoly is designing two take-it-or-leave-it contracts of the form (q., r,) for two consumer type...

A: Utility function A : Ua = y - x2/3 + 41 x  Price of x = rA  Price of y = 1    (Income spent on other...

Q: Taking the data of the following table answer 4 through 5. Indicators of Puerto Rico, 2009 (Income i...

A: Gross product is the total market value of product produced domestically ina year. 

Q: A recent government study reported that a college degree is worth an extra P150,000 per year income ...

A: Given information, Extra income per year (A): P150,000 Interest rate (i): 6% Time period (N): 40 ye...

Q: Demonstrate the Effects of a Financial Crisis using the Aggregate Demand – Aggregate Supply Model. A...

A: Asset prices plummet, firms and individuals are unable to pay their loans, and financial institution...

Q: Question 5 In an OLG model with money: Each gen picks 12 banans when young, 0 bananas when old. Cent...

A: The OLG model is the natural framework for the study of: (a) the life-cycle behavior (investment in ...

Q: Assuming inriation is hegative (deriation), then the homir st rate O a) must always be smaller than ...

A: Deflation is when there is below 0% decrease in the inflation rate.  

Q: The following quote alludes to which source of low costs? “Most of those costs are fixed, pretty muc...

A: Cost Minimization refers to the condition where a firm or producer tries to minimize the cost incurr...

Q: Consider a small island country whose only industry is fishing. The following table shows informatio...

A: The workforce is the amount of utilized and jobless people. The workforce interest rate is the workf...

Q: The economic model of Human Capital Investment assumes that individuals choose their path through po...

A: The human capital theory posits that people can build their useful limits through more prominent ins...

Q: Jones, without a job or job prospects, has been on social assistance for the past four months. Socia...

A: Given:- Jones welfare benefit:B=600-0.75E Hourly wage=$11 To calculate:- Jones total income=? Drawin...

Q: An economic policy of exporting raw materials and importing manufactured goods a. develops the econ...

A: Ab economy can make imports or exports of any commodity based on its requirements to get products at...

Q: The firm considers whether the transaction and its tax implications is aligned with the objectives o...

A: Strategy, Anticipation, Value-adding, Negotiating, and Transforming are all acronyms for SAVANT. Man...

Q: Given a utility function U(X,Y) = Xa y(1-a), with price Px and Py, and income I, Statement 1: The in...

A: U = Xa Y1-a Differentiate U w.r.t X to get MUx => MUx = dU / dX => Mux = a *(Y / X)1-a and Dif...

Q: The size and direction of the income effect depend on all of the following EXCEPT: O whether the goo...

A: Income effect represent the change in consumption and quantity demand of good on the basis of change...

Q: In your response, be sure to address all parts of the question. Use complete sentences; an outline o...

A:  Laissez-faire is a economic hypothesis is a strategy of least government obstruction in the financi...

Q: Suppose Sky would like to spend Php 1000 to rent the badminton court (C) and study area (S) on a wee...

A: Sky utility function: U=C2S                .... (1) Sky's budget m =Php 1000 Cost of one hour on bad...

Q: A recent government study reported that a college degree is worth an extra P150,000 per year income ...

A: The degree will fetch yearly extra income of 150,000 for 40 years . And it will fetch every year for...

Q: Explain THREE (3) functions of the Executive power of Malaysia with the examples from Movement Contr...

A: Functions of the executive power of Malaysia with the examples from movement control order 2020-21 a...

Q: Make the 5 examples of Modus Ponens infrence with the help of vendiagram.???? Provide the eight exam...

A: The Venn diagram was invented by the English logician and philosopher John Venn (1834–1923) as a gra...

Q: A credit card company charges an interest rate of 1.375% per month on the unpaid balance of all acco...

A: Interest rate on credit card = 1.375% Annual interest rate = 16.5% We need to calculate the effectiv...

Q: All other things being equal, an decrease in the oil price will cause: a. the AD to shift up to the ...

A: The aggregate demand is the total value of all the goods and services that are being produced in an ...

Q: 3. The nation of Routarou is able to produce turnips and potatoes in combinations represented by the...

A:

Q: 2) If the expected return on U.S. T-Bonds falls from 3 to 2 percent and the expected return on corpo...

A: Given, The expected return on U.S. T-bonds changes from 3 to 2 percent and The expected return on co...

Q: Multiple Choice : O. earning a normal profit . O. earning an economic profit . O. generating a loss ...

A: When calculating profit margins, explicit and hidden costs are considered; one way of looking at thi...

Q: Consumer has utility function In(c1)+beta*In(c2), where beta=1. Interest rate i=0%. (NOTE!) Income y...

A: Utility function : ln(c1) + ln(c2)      (As Beta = 1 ) y1 = 10 ,  y2 = 50  Budget Constraint in peri...

Q: 7. Short-run supply and long-run equilibrium Consider the competitive market for copper. Assume that...

A: Competitive Market:When there are many producers competing to provide consumers with the goods and s...

Q: Consumer has utility function In(c1)+beta*In(c2), where beta=1. Interest rate i=0%. (NOTE!) Income y...

A: Utility function : ln(c1) + ln(c2)      (As Beta = 1 ) y1 = 10 ,  y2 = 50  Budget Constraint in peri...

Q: Now suppose that droughts in the Southeast and floods in the Midwest substan- tially reduce food pro...

A: The United States central banking system is called the Federal Reserve System (abbreviated as Fed or...

Q: 5. The gross domestic product is: a. 86,157.5 b. 88,404.5 c. 92,925.9 d. 95,708.2 e. 82,808.5

A: The gross domestic product of a country is a measure of its economic output.Countries with higher GD...

Q: Consumer has utility function In(c1)+beta"In(c2), where beta=1. Interest rate i=50%. Income y1-10 an...

A: Utility function : ln(c1) + ln(c2)      (As Beta = 1 ) y1 = 10 ,  y2 = 50  Budget Constraint in peri...

Q: Problem 1 ( Consider a Cournot duopoly with inverse demand funcion 22 - (q +92) if q1 + 92 22. P(q1...

A:

Q: 60 MC 40 АТС AVC 20 50 100 150 Quantity efer to the graph shown above. Assume the price is $30 What ...

A: Profit maximization is the process through which a business determines the pricing, input, and outpu...

Q: Use the given scenarios and the information you have learned about Fiscal and Monetary policy to com...

A: Answer: Monetary policy: Federal reserve can use the tools of monetary policy to correct it. The fou...

Q: On his recent birthday on April 18, 2012, Cai was given by his mother a certain amount of money as b...

A: We have given that the rate of interest is 12% (exact simple interest) Date of maturity of the inves...

Q: 10. Suppose the consumption equation is represented by the following: C 250 + .75YD. Now assume gove...

A: Government spending is one of the components of aggregate demand along with consumption spending, go...

Q: Price $11.00

A: Trade is the exchange of goods and services between the buyer and seller at a mutually agreed price ...

Q: 9 years and an annual operating cost of IDE 1,500,000. If type z is selected then there is an extra ...

A: EUAC is uniform equivalent annual cost which is equivalent all cost including the cost of acquisitio...

Q: loan wants to buy land to expand her farm. She estimates one property would generate $780 ber acre i...

A: The land will be bought after the coat benefit analysis . Cost and benefit analysis plays very impor...

Q: 6.  Myrvin made a 12-percentage-point investment of PHP10,000.00. According to the 72-year rule, it...

A: The rule of 72 means says that any sum of money will take (72/Interest Rate) years to double.

Q: A contractor must choose between buying or renting a crane for the duration of a 5 year construction...

A: Given:- MARR=8% or 0.08 Crane cost=$520,000 Maintenance cost=$210,000 Crane renting=$310000 Please f...

Q: Assuming a unitary elastic demand and supply, a tax on the sellers of coffee will cause the price bu...

A: Equilibrium is at a point to demand come into six the supply curve. When the tax is imposed on the g...

Comparative Advantage and Absolute Advantage Analysis

The theory of absolute advantage was given by Adam Smith in the year 1776.