Assume that a country produces and consumes two goods, cloth and machines, and is in equilibrium in
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 57% (19 reviews)
Yes the country should trade It should export cloth becau...View the full answer
Answered By
Aditya Kademani
I am Aditya , a 2016 passout from R.V.College Of Engineering,Bengaluru which is the top college in karnataka. I have done my bachelors in engineering in electronics and communication engineering . I have qualified for gate exam which is one of the toughest exams in india . I have a very good knowledge of basics in subjects like engineering mathematics, control systems, network theory, signals and systems, digital and microprocessor etc.
I have been tutoring my friends / peers since a long time and i love teaching a lot . I have good communication skills and i rely on clearing the basics or concepts of a particular topic or subject rather than just cramming information .
0.00
0 Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Economics questions
-
Assume that a country produces an output Q of 50 every year. The world interest rate is 10%. Consumption C is 50 every year, and I = G = 0. There is an unexpected drop in output in year 0, so output...
-
Assume that a country produces an output Q of 50 every year. The world interest rate is 10%. Consumption C is 50 every year, and I G 0. There is an unexpected war in year 0, which costs 11 units...
-
Assume that a country produces only two goods, automobiles and fast PCs. In year 1, automobiles cost $20,000 each and the PCs cost $3,000 each; 1,000 automobiles and 10,000 PCs are produced. In year...
-
Label each transition in this flowchart Label each transition in this flowchart as a chemical change or a physical change. 8 chemical physical 00
-
In his book Blink: The Power of Thinking without Thinking, author Malcolm Gladwell argues that hallowed marketing research techniques like focus groups arent effective because we usually react to...
-
Solve Problem using substitution y = x - 4 x + 3y = 12
-
What are retail banks? What are the main features of their balance sheets?
-
Roberts Corporation uses a process cost system. The records for the month of May show the following information: Required: Prepare a cost of production summary for eachdepartment. Production Report...
-
Particle Q 1 = 3 . 2 mu C has a mass of 6 . 5 mu g , and particle Q 2 = 3 . 5 mu C has a mass of 7 . 6 mu g . The two - charges are initially separated by a distance of 2 . 4 cm . With charge Q 1...
-
Jorg is building an office building for Wilmington Company for $20,000,000. The contract has the following characteristics: The office building is built to the customers specifications and the...
-
If trade should cause income distribution to change such that there was a shift in the indifference map, it would be impossible to reach a conclusion regarding any possible gains from international...
-
Explain the difference between the gains from exchange (consumption gain) and the gains from specialization (production gain).
-
Fancy Frames prepares monthly financial statements. The following took place during the months of April and May at Fancy Frames: a. In April, $15,000 worth of frames was sold. Each is guaranteed for...
-
The residents of Vegopia spend all of their income on cauliflower, broccoli, and carrots. In 2020, they spend a total of $200 for 100 heads of cauliflower, $75 for 50 bunches of broccoli, and $50 for...
-
In each of the following cases, in the short run, determine whether the events cause a shift of a curve or a movement along a curve. Determine which curve is involved and the direction of the change....
-
Concerned about the crowding-out effects of government borrowing on private investment spending, a candidate for president argues that the United States should just print money to cover the...
-
Below are some data from the land of milk and honey. a. Compute nominal GDP, real GDP, and the GDP deflator for each year, using 2020 as the base year. b. Compute the percentage change in nominal...
-
Sallie Mae is a quasi-governmental agency that packages individual student loans into pools of loans and sells shares of these pools to investors as Sallie Mae bonds. a. What is this process called?...
-
Graph f(x) = -0.25x 4 +0.67x 3 + 9.5x 2 - 20x - 50. (a) Approximate any local extrema. (b) Approximate any absolute extrema. (c) Determine where f is increasing or decreasing.
-
In the series connection below, what are the respective power consumptions of R, R2, and R3? R R www 4 V=6V P1-3 W; P2=3W; and P3= 3 W OP10.5 W; P2-1 W; and P3= 1.5 W P1=1.5 W; P2=1 W; and P3= 0.5 W...
-
Suppose that the U.S. net foreign debt is 25 percent of U.S. GDP and that foreign assets and liabilities alike pay an interest rate of 5 percent per year. What would be the drain on U.S. GDP (as a...
-
If you go to the BEA website (www.bea.gov) and look at the Survey of Current Business for July 2010, the table on U.S. International Transactions, you will find that in 2009, U.S. income receipts on...
-
Return to the example in this chapters final Case Study of how a 10 percent dollar depreciation affects U.S. net foreign wealth (page 316). Show the size of the effect on foreigners net foreign...
-
n-1 3.) Given the discrete sequence x(n) = (3) u(n - 1) where u is the unit step sequence, do the following: (SHOW ALL WORK) a.) Compute the discrete time Fourier Transform (DTFT) X(w) of x(n). b.)...
-
The Cubby Bear started the month with a food inventory of $6,000 in the storeroom. During the month, food purchases totaling $8,000 were delivered to the storeroom and food totaling $8,000 was issued...
-
Assignment 1 During your audit of the financial statements of The Gary Manufacturing Company for the year ended December 3 1 , 2 0 0 7 , you find that at January 1 , 2 0 0 7 , the company had...
Basic Electronics Engineering Including Laboratory Manual 1st Edition - ISBN: 9811374163 - Free Book
Study smarter with the SolutionInn App