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- Question 27 . If Maxine and Daisy both specialized in the product in which they have a comparative advantage, would they benefit from trading with each other? Group of answer choices There is not enough information to know. No, at least one of them would not gain, and so would not gain from trade. Yes, they would both gain from trade.Need help ASAP, will give thumbs up: QUESTION: Under these circumstances, which of the following equations describes the skills of individuals who would choose to migrate to the United States? ANSWER CHOICES: S<(M0-M1)/(R1-R0) S>(M0-M1)/(R1-R0) S<(M0-M1+C)/(R1-R0) S>(M0-M1-C)/(R1-R0) S<(M0-M1-C)/(R1-R0)Who gains and who loses from trade?
- 3. True or False? The gravity model states that trade between two countries will increase if the size of either country’s economy increases and the distance between the two countries is bigger. Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.Economic Scenario: Country A has one of the highest real GDP while Country B has one of thehighest real GDP per capita in the world respectively. a.what are the (3) comparative differences between real GDP and real GDP per capita. b.What does this tell us, about the well-being of the residents of Country A and B?ackground information: A worker in the United States and a worker in China can each produce 1,000 pairs of jeans per week. A worker in the United States can produce 50 cell phones in a week, and a worker in China can produce 100 cell phones in a week. Answer the following questions based on this information.Part A: If each country attempted to produce both jeans and cell phones, how many jeans and cell phones could each country produce? What would be the total number of jeans and cell phones produced by the two countries combined? (Show your work.)Part B: Calculate the opportunity cost of producing jeans for each country. (Show your work.)Part C: Calculate the opportunity cost of producing cell phones for each country. (Show your work.)Part D: Determine how many jeans should be produced by each nation. (Show your work). Part E: If each nation should specialize in producing jeans and cell phones, explain why; use economic terminology you have learned in this unit in your…
- 1-How do you analyze the dependency ratio considering the ideas that it measure of the numbers ages from 0 to 14 and over 65 of age, compared with the total population to 15 to 64 in Niger?Question 1: World Trade Overview and Gravity ModelIn the 19th Century Britain was trading with countries from distant locations such asNorth America, Latin America, Africa and Asia. Today, Britain mostly trades withEuropean countries. Examine the causes of the British changing trade pattern withreference to the Gravity Model.Only typed answer 11) Which of the following are obstacles to collective action? a) Rational ignorance b) Small groups c) High levels of education d) High levels of taxes
- Question 1 A. Explain the reason(s) why the equalization of relative factor prices is a result of trade. B. How can a country benefit economically from both importing and exporting the same product, such as automobiles, machinery? Just explain in short answer.(A) what percentage of this total was produced by the three largest economies shown in this bar graph? (b)what percentage of this total was produced by the three smallest economies shown in this bar?Question 4 Dutch Disease is a phenomena that is a natural resource country faces. Explain the two effects that this phenomena has, using for example Oman economy where: non-tradable sector is services (Transportation), the two tradable sectors are; the booming sector (Oil) and the lagging sector (fishing)?
