Why do nations engage in international trade? In short, what is the theoretical basis for cross-border trade and investment activities. If Nations benefit from trade, then why do some nations restrict trade? How do they do so and with what consequences on consumers and companies?

Q: Since it is counted as an investment, why doesn't the purchase of equipment from Caterpillar (a U.S.…

A: Gross domestic product estimates the money-related worth of definite labor and products that is,…

Q: 9 ECONOMICS OF ILLICIT DRUGS In reference to the optimal level of drug consumption, explain how the…

A: Answer to the question is as follows:

Q: Check the following production functions verify the following (i) out increasing L and K, (in)…

A: We use the following condition F(tL,tK) >tF(L,K) IRS F(tL,tK) < tF(L,K) DRS F(tL,tK) = tF(L,K)…

Q: In the long run, the long-run average cost curve whereas in the very long run, the long-run average…

A: There are four production time periods in microeconomics, they are very short run, short run, long…

Q: An integrated, combined cycle power plant produces 285 MW of electricity by gasifying coal. The…

A: Initial Cost = 570 million  Each of first two year Cash flow = 285 million  Let the price per MW be…

Q: Consider a lake found in the village of Sturbridge, and then answer the questions that follow. The…

A: Externality refers to the effect of a certain activity on another entity which are entirely…

Q: For each of three potential buyers of oranges, the table displays the willingness to pay for the…

A: Introduction The concept of consumer surplus has formulated by Dupuit in 1844. Consumer surplus is…

Q: Suppose the market supply curve in a competitive market is given by is Q=2p-10. At a price of $15,…

A: Here, supply curve is given as, Q=2p-10 If market price is $15, market quantity would be: Q=2(15)-10…

Q: QUESTION 1 The two defining features of command -and -control regulation are: O a.…

A: Order and control is a kind of economic guideline that permits strategy creators to explicitly…

Q: Which of the following is NOT a reason why countries impose tariffs on imports? Protect domestic…

A: Tariff A tariff refers to the tax which is imposed by the Government of a nation on the importation…

Q: On the following graph, plot Poornima's production function using the green points (triangle…

A: The marginal product of a business is the extra output made because of extra input put into the…

Q: An economy is experiencing a high rate of inflation. The government wants to reduce consumption by…

A: C= a+ bYd C = a +b(Y-T) Differentiating C with respect to T

Q: QUESTION 4 If the automotive industry is focused on achieving a certain plant pollutant emission…

A: Pollutant Emission Pollutants released into the air cause air pollution issues like smog and acid…

Q: A manager checked production records and found that a worker produced 225 units while working 50…

A: Given information: A worker produced 225 units while working 50 hours The same worker produced 160…

Q: Discuss the relationship that exists amongst the three short - run total cost curves. Motivate your…

A: The three short run cost curves are average  cost curve ,marginal cost curve and average fixed cost…

Q: Refer to the information provided in Table Table Federal purchases of goods Services Imports Change…

A: Given; Federal purchase= 800Services=500Imports= 200Change in business inventories= 40Durable goods=…

Q: ind the optimal amount of labour and capital that you will be using, and compute the total cost.

A: Put given Q = 200 and solve for K put that value in Cost and minimize Cost.  Find optimum values of…

Q: Predict the demand for December using 4-period moving average.

A: To compute 4 month average for December Use the four months before it. Average Aug, Sep, Oct and Nov…

Q: What happens to the equilibrium price when there is an increase in demand and a decrease in supply…

A: b) Price Falls

Q: 2.If a tax is physically paid by sellers, then sellers bear the full 100% burden of the tax. Group…

A: In financial matters, charge occurrence or taxation rate is the impact of a specific expense on the…

Q: Suppose you're facing a problem with quasilinear preferences over goods x₁ and x2 represented by the…

A: Dear student, you have asked multiple sub-part questions in a single post.In such a case, as per the…

Q: 6. Theory suggests that frictional unemployment in Canada will decrease if workers have higher…

A: Natural rate of unemployment  = Structural unemployment + Frictional unemployment Natural rate is…

Q: (b) SGBP Plantation Sdn Bhd plans to buy a new palm oil truck. There are THREE (3) alternative…

A: Cash flow diagram depicts cash flows on a horizontal line with inflows represented by upward arrows…

Q: a) Briefly explain how is the ‘Islamic man’ different from the ‘economic man’? b) Describe whether…

A: Resources are scarce in all types of economies. Thus, every economic system seeks to utilize these…

Q: Alex and Henry are completing group work for class. The input table below gives the time that it…

A: Comparative advantage is determined by comparing the opportunity cost. Opportunity cost is the…

Q: s. If the team is maximizing profits, what is their optimal ticket price?

A: Writing the Inverse demand function P = 35/9-Q/9000 TR = 35/9Q -Q2/9000+2Q(concession revenue) MR =…

Q: the mahogany cabinet and furniture company makes chairs. the fixed coat per month of making chairs…

A:

Q: Suppose the firm achieves total revenue of $1,000 by selling 150 units while facing total costs of…

A: The marginal revenue must be compared to the marginal cost of production to know if the firm must…

Q: 1. We have a population of 3, they have the following benefit curves (TB): TB¹ = 3q - 2q² TB² = 2q -…

A: Total Benefit refers to the benefit that a certain public or private good gives or offers to its…

Q: Discuss the relationship that exists amongst the three short-run total cost curves. Motivate your…

A: Dear student, you have asked multiple questions in a single post. In such a case, I will be…

Q: Consider a baseline long run steady state equilibrium where output is 22 trillion dollars, and the…

A: Equilibrium  Equilibrium is the point in the market at which the demand and supply are equal to each…

Q: 4. The table refers to an open economy with a government sector. In which situation is the economy…

A: Aggregate expenditure is the sum of consumption, investment, government spending and net exports…

Q: A small business produces and sells balls. The fixed costs are $20 and each ball costs $2.92 to…

A: Given information: The firm sells balls.  The fixed cost is $20 and each ball cost $2.92 to produce.…

Q: Suppose Mr. Juice needs a $1,660 loan and the bank, Wonderland Banking, has decided that this guy…

A: * SOLUTION :-

Q: and found that a worker produced 225 units while working 50 hours. In the previous week, the same…

A: Given information: A worker produced 225 units while working 50 hours in current week. The same…

Q: Which would decrease the demand for a particular type of labor? An increase in the prices of the…

A: Labor is defined as the amount of physical, mental, and social effort put by a worker in production…

Q: If the current interest rate on a 1-year bond is 2.90% while market participants expect a 1-year…

A: Given  The current interest rate on one-year bond = 2.90% The interest rate on one-year bond…

Q: You are given the following information for Calvani Pizza Co.: sales = $41200; costs =____ $21601;…

A: Depreciation expense is the amount that a company's assets are depreciated for a single period (…

Q: Explain the two different concepts of purchasing power parity PPP and how they relate to the Law of…

A: Exchange rate - The exchange tells us about the worth of the currency of one country in comparison…

Q: From the FT in mid-June: “China has approved record amounts of investment to flow out of the country…

A: When accounting for Balance of payment of a country ,capital account takes into consideration the…

Q: With liability laws , a polluter will not have any compensation cost if they do not cause any damage…

A: a True

Q: Which of the following is most likely a monopolistically competitive market?   Question 15 options:…

A: Following are four types of market structures. In case of Monopolistic Competition, there are large…

Q: The fixed cost at Harley Motors are $1 Million annually. The min. product has revenue of $8.90 per…

A: Given Fixed costs = 1 Million $ Revenue per unit = 8.90 $ Variable cost = 4.50 $ per unit

Q: Which of the following is not a source of economic growth? A. appropriate incentive system B.…

A: Financial development or economic growth- estimated as an increment of individuals' genuine pay -…

Q: The following hypothetical production possibilities tables are for Chine and the United States.…

A: In the question given that production possibilities tables for China and the United States. The…

Q: Consumption Investment 300 250 200 150 100 50 45⁰ 50 100 150 200 250 300, CAE Real GDP The graph…

A: Given information: We have given a simple economy without a government sector or a foreign sector In…

Q: Industries where the US has a comparative disadvantage lead to O Lower exports and the domestic…

A: Hi! Thank you for the question. As per the honor code, We’ll answer the first question since the…

Q: if Age dependency ratio (% of working-age population) increas what will happen to fixed capital…

A: In basic or simple terms we can say that the Fixed capital consumption is known to be as the…

Q: (a) Heather borrowed $5000 from her grandmother as a down payment on her first car. She promised to…

A: Formula for Interest:  Interest = Principal × Rate × Time  That would be the formula we would…

Q: If the reserve ratio is 50%, what is the deposit multiplier?

A: Deposit multiplier is a factor by which maximum money supply changes when there is a change in…