Which of the following is among the advantages of the detailed division of labor? a. It facilitates financial development. b. It facilitates mechanization. c. It facilitates the growth of the secondary sector. d. It facilitates the growth of markets. e. It facilitates the growth of money.
1. In an economy whose workers come to believe that real wages will be declining in the future, how could the current real wage and equilibrium level of employment be affected?2a. Considering a closed economy, and assuming that at equilibrium Y=Cd+Ic+G explain how the level of national savings could be measured and the purpose to which those savings would be put.2b. Discuss the effects of […]
Hello, am working on the Greek Crisis Case Analysis: Tragedy or Opportunity? and I have the question below: Q: According to the case, and your view, name (and explain why) the three biggest (national/structural) problems Greece faced that caused the crisis. Could you see the crisis coming from this data?
1. Taeko always puts a cup of blueberries on her ice cream the two goods are perfect compliments. Derive taekos demand curve graphically and mathematically.2. A firm operating with diminishing total returns cannot be profit maximizing. True? False? Explain 1. Taeko always puts a cup of blueberries on her ice cream the two goods areperfect compliments. Derive taekos demand curve graphically andmathematically.here, we maximize,U=min (icecream(i),…
The figure above shows the market for education. Education has an external benefit. a) If the market is competitive and left unregulated, how many students will be enrolled per year? b) What is the efficient number of students? c) In the figure, show the effect of a government subsidy that moves the market to the efficient number of students. What is the amount of the […]
International trade issues If the nations of the world were to suddenly cut off all trade with one another, what products might you no longer be able to obtain in your country? Choose one other country (than yours), and identify the products it would need to do without.How would the absence of these goods influence your standard of living, the activities of businesses and the […]
4. Go to www.gapminder.org/world. In the graph shown for Y (vertical) axis select: “Child mortality (0-5 years dying per 1,000 born)â€Â, and for X (horizontal) axis select “timeâ€Â. From a list of the countries on the right-hand side bar, select Singapore, Sweden, and Venezuela. Adjust time slider on the bottom to year 1880, and then press play: c. What is your prediction about how future […]
which of these refers to the proportion of variation in the dependent variable (y) that is explained by the estimate regression? standard error of the estimate confidence interval estimate correlation coeefecient coefficient of determination
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“In the Heckscher-Ohlin model, free trade in commodities across countries is a substitute for the movement of factors of production across countries.†Do you agree or disagree? Briefly explain.
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