Why is trade a much more complex thing than official measures?

Q: Using globalEDGE Identify the ten economies that had the highest total imports in merchandise trade ...

A: Imports are goods and services that citizens of a country buy from outside the country rather than b...

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: The degree of monopoly power is measured in terms of difference between

A: To find:  The degree of monopoly power is measured in terms of difference between

Q: In many situations, financial innovations are viewed as innovative variations on existing technologi...

A: the term financial innovation means new ways or innovative financial methodologies. This innovative ...

Q: Can government do anything to reduce the number of people in the following categories? If so, what? ...

A: In an economy, government has the power to deal with different types of unemployment.

Q: Why are US and China involving themselves in trade war? What could be possible implication of this t...

A: The trade war started within the administration of President Donald Trump, the Trump administration ...

Q: 47) The demand for good X has been estimated by Qxº = 6- 2Px + 5Py. Suppose that good X sells at $3 ...

A: Given: The demand for good X is: Qxd = 6 - 2Px + 5Py The good X sells at = $3 per unit The good Y se...

Q: nflow year 1 12000 nflow year 2 12000 nflow year 3 12000 nflow year 4 12000 And the required rate of...

A: The net present value or net present worth applies to a series of cash flows occurring at different ...

Q: As the coronavirus spreads across the globe, it appears to be setting off a devastating feedback loo...

A: The economics as a study is based upon the basic idea of scarcity, where the resources present with ...

Q: On this least-cost abatement curve, how much (GECO2) could we abate if we spent €8.37 billion?

A: Since you have posted multiple questions, as per guidelines we can solve only 1st  question.

Q: Diego buys a one-year Argentinean government bond for 100 pesos. If the nominal interest rate on the...

A: Given,  Government bond = 100 pesos Nominal interest rate = 33% Expected inflation = 33%

Q: CAUTION: MANY PRODUCTS MAY NOT BE EFFECTIVE ON ROADRUNNERS The table below gives data on costs for t...

A:   Meaning of Cost: The term cost refers to the situation under which a firm occurs various expenses ...

Q: . A consumer has  ·100 hours of time to allocate to either labor or leisure ·A real wage w=50 ·Divid...

A: Hi! Thank you for the question as per the honour code, we’ll answer the first question since the exa...

Q: 4 players (Alex, Boris, Cato, David) are on the reality show. The prize is 4 gold coins. Each coin c...

A: Given information 4 players Alex, Boris, Cate, David there are 4 coins to share among 4 players shar...

Q: In the market for paper: New advances in recycling technology reduce the cost of producing paper mad...

A: * ANSWER :-  (1) From the given information the answer is given as follows     

Q: QUESTION 1 From one year to the next, a country's output rose from 4,000 to 5,000, its capital stock...

A: * SOLUTION :-  (1)    

Q: Consider the demand function for processed pork in Canada, Q = 796.00 - 37p • 20p, + 3p. + 0.002Y Th...

A: Here we calculate the equilibrium price of pork and equilibrium quantity of pork , by using the give...

Q: 3. According to the textbook, which of the following statements about drug interdiction is (are) cor...

A: Drug interdiction means the policies that are adopted by the government to reduce the supply of drug...

Q: The determinants of productivity Consider a simple economy whose only industry is fishing. In this i...

A: Economic productivity is an important factor in determining living standards. That is why some count...

Q: Critical Thinking: Let's make it as realistic as possible to the US. In 2020, the US had both a gove...

A: The circular flow of income, also known as the circular flow, is an economic model in which major ex...

Q: ur answer, should the firm continue or stop the production? Justify. Output (Units) Total Revenue ...

A: Average cost is the total cost divided by quantity of output. e,g. If the total cost is 48$ for 8 it...

Q: How can you say that a country participates in the global market?

A: Global market means the market where different nations trade to each other it is called globalizatio...

Q: With which of the theories of wages, is the name of John Stuart Mill associated?

A: To find:  With which of the theories of wages, is the name of John Stuart Mill associated?

Q: Question 3 (Budget Constraint). Vince consumes gas (x1) and food (x2). Suppose the price of gas is $...

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

Q: The availability of alternative entertainment methods has resulted in a large decrease in theme-park...

A:   Meaning of Price Elasticity of Demand: The price elasticity of demand refers to the situation unde...

Q: 10. Which of the following statements about OPEC and the oil market during the 1970s and 1980s is (a...

A: OPEC stands for Organisation of Petroleum Exporting Countries . It is the exmaple of biggest cartel ...

Q: How much do you need to deposit today (P) to withdraw BD25,000 at n =1, BD3,000 at n=2, and BD5,000 ...

A: Amount deposited can be calculated by discounting Payment using 10% as discount rate in various year...

Q: According to a 2016 article in the Wall Street Journal, “After years of relative equilibrium, the jo...

A: The labor market illustrates how the demand and the supply of labor determine the equilibrium wage r...

Q: 2. A consumer with the utility function U(x,,x2) = xfx faces prices p, = 4, P2 = 5 and has an income...

A: Utility Function : U(x1,x2)= x12 x23 Maximise: U(x1,x2)= x12 x23 Subject to: Budget Constraint p1x1+...

Q: Mortgage loans whose interest rates change periodically due to changes in market conditions. * Fixed...

A: Note:  We’ll answer the first question since the exact one wasn’t specified. Please submit a new que...

Q: Assume that the government sets a binding price ceiling on the interest rate that banks charge on lo...

A: A price ceiling is the set limit on how much a seller can charge for a product or service. Price cei...

Q: 29 MR Demand Refer to Figure 16-3. How much profit will the monopolistically competitive firm earn s...

A: Monopolistic competition is a type of imperfect competition such that there are many producers compe...

Q: 2. A 21-year old inherits BD100,000 from a distant relative who has deceased. She decides to spend s...

A: Given information, Future amount from investment (F): BD1,000,000 Interest rate (r): 8% Compounding...

Q: study finds that the noise from lawn mowers is harmful; hence, the government imposes a $25 tax on t...

A: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-parts at a...

Q: QUESTION 2 Suppose that an economy's production function is y-ALO.5g0.3y0.7, where Y is output, A is...

A:

Q: Which of the following is an example of moral hazard? (hint: please consider all the three condition...

A: Moral hazard is a tricky but vital facet of insurance that you should be aware of. This site tries t...

Q: Question 3 In Unit 3 section 5, the annual change in real earnings is explored. In this question we ...

A: GIVEN   In Unit 3 section 5, the anmial change in real earnings is explored. In this question we loo...

Q: The table below shows the average cost (AC) for a purely competitive market. The average revenue (AR...

A: Given: Average revenue (AR) =RM5 per unit Firm’s total fixed cost (TFC) =RM4.

Q: 13. In Avengers: Infinity War the character Thanos seeks to use the power of the infinity stones to ...

A:

Q: Troy Long wishes to deposit a single sum of money into a savings account so that five equal annual. ...

A: here we calculate the amount expect by Troy by calculating the present value so the calculation of t...

Q: 6 What is the z-score that bounds a tail area of  0.04? a 1.91         b 1.86         c 1.80        ...

A: Using standard deviations, a z-score calculates the distance between a data point and the mean. Posi...

Q: QUESTION 11 Two countries (A and B) report to have the same value of real GDP, even after adjusting ...

A: In the given scenario, the government of country A produces a much larger share of goods and service...

Q: Let z be the standard normal random variable. 1 Find  P(z > 1.45)   a 0.0452 b 0.0531 c 0.0625 d 0....

A: Introduction: The normal distribution also called the statistical distribution, may be a symmetric c...

Q: Carrot Apple 0 10 1 9 2 7 3 4 4 0 Using the table above, draw the PPF for Happyland.

A: The table shows that happy land can either produce carrots or apples. It can produce 4 carrots or 10...

Q: Part (a) Refer to the table below for a very simple economy producing three goods: movies, burgers a...

A: Nominal GDP measures the value goods and services that are produced in a particular period of time a...

Q: Suppose you are a highly regarded international economic advisor. You have been asked to assess the ...

A: People who are working or are looking for work would be known as labourforce. It is also known as wo...

Q: The project is to construct a lateral canal that will provide irrigation for 150 ha production area ...

A: Given information Project provides irrigation=150 ha Land cost=950 per ha Construction cost=4500000 ...

Q: QUESTION 10 If prices grow by 2.9% every year, over 9 years, what is the total inflation rate? Write...

A:

Q: What the government can do overcome or at least minimize the problems to reduce the gap of life expe...

A: The average length of time an organism is predicted to survive is determined by the year of birth, p...

Q: Task 2: State of the World Economy Perform online research and write a short essay on the state of t...

A: In present state of world economy is encountering the the recovery phase from the bad and deep impac...