Why do countries trade?

Q: For a given commodity, the line haul cost is $13 per mile. For a trip of 200 milesand a shipment of ...

A: Answer - Given in the question - Line haul cost = $13 per mile Need to find - Cost for For a trip of...

Q: Why are spillover costs and spillover benefits also called negative and positive externalities? Show...

A: An externality is a cost or benefit being caused by a producer which is not either financially incur...

Q: What two cost categories form the trade off that leads to an optimum replacement interval? a. Direct...

A: Optimum replacement interval: - optimum replacement interval is that time interval of a machine’s li...

Q: The price elasticity of demand increases with the length of the period considered because Consumers...

A: The price elasticity of demand measures the % change in quantity demanded and % change in prices. Th...

Q: A household is considering installing solar panels, but they need to understand what they are paying...

A: Average cost(AC) of electricity is the per unit cost of consuming the electricity. It is actually th...

Q: Typically there are two alternatives in a replacement analysis. One alternative is to replace the ex...

A: Evaluation of the strategy, reasoning, and implementation of a current resource's successful substit...

Q: Solve please

A: We will answer the first question since the exact one was not specified. Please submit a new questio...

Q: From a Keynesian point of view, which is more likely to cause a recession: aggregate demand or aggre...

A: Keynesian talked about Aggregate demand, he emphasized more on government intervention to correct th...

Q: 1.      Draw a circular-flow diagram. Identify the parts of the model that correspond to the flow of...

A: Circular flow: The circular flow explains the process that determines the national income and nation...

Q: What happens to net capital outflow as the real interest rate falls? Explain your answer.

A: Net capital outflow is the net flow of funds being invested abroad by a country during a certain per...

Q: The cost of 1,000 cubic feet of natural gas has increased from $6 in 2000 to $15 in 2006. What compo...

A: The provided information are: Present value (PV) = $6 Future value (FV) = $15 Number of periods (n) ...

Q: “No firm is completely sheltered from rivals; all firms compete for consumer dollars. If that is so,...

A: In the era of globalization, the possibilities of trade have increased and the availability of subst...

Q: Heteroscedasticity problem may be controlled by Select one: a. using generalised least squares. b....

A: In simple linear regression model, heteroscedasticity means that the variance of the residual or dis...

Q: T has bought the new N2 for 80,000 Knuts and because the broomstick flies only with the wizard who b...

A: We are going to find the Annual equivalent cost for the broomstick to answer this question. Interest...

Q: List and explain some of the determinants of the price elasticity of demand.

A: Price elasticity of demand is a financial proportion of the adjustment in the amount demanded or bou...

Q: How is the market-compensating wage differential between safe jobs and risky jobs determined? Which ...

A: The labour market does not contain a single wage system. It encompasses the different types of jobs ...

Q: According to the Greenspan doctrine, under what conditions might a central bank respond to a perceiv...

A: The Central Bank has a main function to control the inflation in the economy. It helps the governmen...

Q: Use the Keynesian cross to predict the impacton equilibrium GDP of the following. In eachcase, state...

A: a. An increase in government purchases : Direction of the change : Demand curve will shift to the ri...

Q: It has been proposed that natural monopolists should be allowed to determine their profit-maximizing...

A: When monopolist is permitted to determine their own profit-maximizing level of output, then it would...

Q: When positive autocorrelation is present, standard errors of OLS estimators become _____. Select on...

A: Autocorrelation: - it measures the extent to which the one value of a variable related to the past v...

Q: How many missing jobs (a FRED question): Suppose the U.S. unemploymentrate in October 2009 had been ...

A: We know that, Unemployment Rate = Number of people unemployed / Labor force Labor Force = Employed +...

Q: A sample of 21 minivan electrical warranty repairs for “loose, not attached” wires (one of several e...

A: The provided information are: Sample sizen=21Sample meanx¯=45.66Sample standard deviation s=27.79  

Q: There is evidence that, other things equal, a 10 percent increase in the number of workers having a ...

A: Given: A 10% increase in the number of workers leads to about a 4 percent decline in wages for worke...

Q: The magazine Science 84 planned to announce a contest in which anyonecould submit a request for eith...

A: a) To get to the Nash equilibrium, one class has 19,999 people asking for $100 and the other that is...

Q: How can emerging market economies avoid theproblems of currency mismatch

A: Answer - Emerging market economies avoid the problem of currency mismatch in many ways :- 1.By makin...

Q: Martin pays rent of $650 per month for the 9-month academic year. He is going to travel the world th...

A: The formulae for compounding is A=P(1+r100)t A: Accumulated wealth P: Principle amount r/100: Rate o...

Q: suppose the Total Revenue function for a product is given by RCX)=V/0+1x²+0-2x² (R-#sx->u) a) Find t...

A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and s...

Q: Do you think that there would be external effects associated with Water from a uranium mine leaking ...

A: Water from a uranium mine leaking into Kakadu National Park is an example of external effect. An ext...