QUESTION 47 e customs union CARICOM applies to: A. East Asian nations. B. Middle Eastern nations. C. Central American nations. ) D. Caribbean nations.

Q: Openness to trade measures A   the inverse of the average time needed to comply with customs forms...

A: The openness to trade can be defined as the ratio of the total to the GDP of the country.

Q: The discount rate will never be equal to interest rate. True or False?

A: Discount rate is defined as the rate of interest which is charged to commercial banks and other form...

Q: 66. Which of the following input factor takes risk, innovates and coordinates А. О Сapital B. O Labo...

A: Option D Entrepreneur takes risk in business by allocating his capital and time, does innovation and...

Q: What is the biggest, most important political issue in philippines?

A: The biggest, most important political issue in philippines is corruption.

Q: . For goods, increase in income leads to increase in demand.

A: To find : What leads to increase in demand. 

Q: Consider the following Stock-Recruitment Curve and then tell us the ideal way to manage this populat...

A:

Q: why do technological improvements only increase population and not the long-run standard of living?

A: In an economy, technological improvement refers to the situation when their is an enhancement in the...

Q: i = 8% 0 – 1-2- 3- 4-5-6 $5500 $7100 F $9500

A: Given information: Interest rate = 8% Required to find =  F

Q: $48,000 5 years $57,000 %8 of amount to be deprecia %13 of book value (end of pe: he fourth year tor...

A: Depreciation means a strategy used to apportion the expense of a substantial or actual resource over...

Q: The following diagram shows supply and demand in the market for laptops. Use the black point (plus s...

A: The markets are the place where the buyers of the products tend to interact with the sellers of thes...

Q: Discuss the features for assisting the growth process of nations towards becoming developed economie...

A: Economic growth is the process by which a country's wealth grows over time. Although the term is fre...

Q: Demand for final consumption arises in Household sector only

A: To find : When do demand for final consumption arises. 

Q: b.) Suppose that the price of gumballs falls to 25 cents. Draw the new budget constraint, original b...

A: Since you have asked to find only the B part. Please find the answer below.

Q: The market for drones is perfectly competitive. Assume for simplicity that fractions of everything, ...

A: In perfect competition, when the price increases then the firm is willing to produce more. This impl...

Q: 20. If there are implicit costs of production

A: Economic profit will be lower than accounting profit if there are implicit production costs. Total r...

Q: The Fed chairman pursued aggressive policies to tackle the problem of unemployment. As a consequence...

A: The sacrifice ratio is an economic measure of the impact of increasing and declining/increasing  inf...

Q: 9. If 4 million people are unemployed in a county, and the size of the labor force is 25 million peo...

A: According to the question: Number of unemployed people= 4 million Size of labor force= 25 million Un...

Q: 14. Country A has a GDP of $400,000, and country B has a GDP of $100,000. The standard of living in ...

A: GDP is the value of all final goods and services in the economy in a given year produced within the ...

Q: Consider the following closed economy SI model set up Y = 18000 C = 300 + 0.8(Y − 2500) I = 3500 − 4...

A:

Q: • Assuming that there is no government spending or trade, an economy's GDP is the sum of domestic co...

A: Answer -

Q: 12. Discuss how the interdependence of input markets for labor, capital, and land might affect suppl...

A: The above inputs like labor, capital, and land are the factors of production without which productio...

Q: NB: This question requires a (very modest) amount of reading ahead in the early sections of Core Uni...

A: Gross domestic product (GDP): - GDP is the market value of all final goods and services produced in ...

Q: How did covid-19 affect the business sector and the economy?

A: An economy is a domain that includes the production, distribution, and trade of goods and services, ...

Q: You are the economic advisor of the ruler of Pongo.  Suppose the people in the country of Pongo love...

A: Answer -

Q: 7.2 (LG 7.2) Maryhill Mines has a pelletizer that it is considering for replacement. Every three yea...

A: Introduction:- The pelletizer gadget, which changes over the item into pellets of different shapes a...

Q: How is marginal product affected if workers are added who are equally good at the job? a. The increa...

A: Law of diminishing return to scale implies that as the number of a variable input is raised keeping ...

Q: If the marginal cost MC = 5+4Q , and the fixed cost is %3| 4, what is the total cost function?

A:

Q: 1. Suppose that you have an income of $10 to spend on sticky hands and gumballs. Both cost $1.00. ...

A: According to the question, income is $10 which is spent on gumballs (G) and sticky hands (S). Price ...

Q: Which statement about global trade in the present environment is true? -The World Trade Organization...

A: Answer - 

Q: What will happen if exchange rate fluctuate? (please do not copy answers on the internet, thank you)

A: Exchange rate: The value of one country's currency in relation to the currency of another country or...

Q: Johnson's Household Products has a division that produces two types of toothpaste: a regular toothpa...

A: Given: p=3000-20x-10y q=4000-10x-30y Note: Due to multiple subparts being posted, the first three su...

Q: In the case of a Giffen good, the demand curve will be

A: To find : What will be demand curve. 

Q: long-run equilibrium by shifting the appropriate curve or curves and/or placing the point for long-r...

A: In macroeconomics, the money supply alludes to the complete volume of cash held by the general popul...

Q: The PH debt as of today amounts 12 trillions. This balloons with an interest rate of 0.16% yearly. S...

A: Let us firstly calculate debt on every working individual . 12 trillion = 12 million millions   ( 1 ...

Q: The owner of a local bakery shop observes that when he increases the price of Italian bread, his tot...

A: Relationship among price, total revenue, and price elasticity.  If there is an indirect relationshi...

Q: Consider food stamps where the government gives a person $200 worth of food stamps that provide a 50...

A: Please find the answer below.

Q: If a person works a standard 8 hour day he will be at Point C on the graph. At C, how many hours of ...

A: Here, we are assuming that there are 24 hours in a day that a person can divide between working hour...

Q: How do we proper manage economy especially to adverse or international economic shocks?

A: Economy An economy is a complex system of interrelated production, consumption, and trade activities...

Q: Explain what would be likely to happen if the government placed a price floor on milk. Suppose that ...

A: Price floor is a government imposed minimum price for a commodity. 

Q: In a perfectly competitive market, why can’t prices above the competitive equilibrium price prevail ...

A: Perfectly competitive market A Perfectly competitive market is one in which a large number of buyers...

Q: • Assuming that there is no government spending or trade, an economy's GDP is the sum of domestic co...

A: Aggregate Demand includes consumption expenditure and investment as there is no government . In equi...

Q: Using the midpoint formula, be able to determine the elasticity along a demand curve. Price Quantity...

A: Price elasticity of demand(Ed): Ed= Percenatge change in quantity demandedPercenatge change in price

Q: You own a printing firm. Two of your senior managers provide you with advice. The first manager stat...

A: The supply curve shows the association between the price of commodity and quantity of the commodity ...

Q: R-61 [Review Question] I. F=A(F/A, 1%, 6) II. F=A(F/A, 1%, 5)(P/F, 1%, 1) III. F=A(P/A, 1%, 5)(F/P, ...

A: Given information: Annuity = A Years = 6 Interest rate = %

Q: 1. Which of the following would most likely cause equilibrium quantity and price of x to rise? (a) A...

A: The equilibrium occurs where the demand and supply are equal.

Q: If a good that generates negative externalities is priced to internalize the externality, then its p...

A: Money has been critically evaluated and has been evolved since the ages and currently money is used ...

Q: What's the current yield of a 3.8 percent coupon corporate bond quoted at a price of 102.08

A: Current Yield The yearly income (interest or dividends) from an investment is divided by the current...

Q: 24. What is the GDP of country X? 25. What is the per capita GDP of Country X?

A: The term GDP means the aggregate total output produced by a country in the current year. This produc...

Q: On 24 February 2022, Russian forces launch full-scale invasion of Ukraine.This has lead affected bus...

A: Answer -

Q: The producer is in equilibrium at a point where the cost line is Above the isoquant

A: To find : When producer is in equilibrium at point