User Account

All Pages

Labour as an input and produce

Assignment Help Macroeconomics
Reference no: EM131045911

Suppose Countries C and D use only labour as an input and produce only tables and tents. In A, a worker in a week could produce 4 tables or 2 tents. In B, a worker in a week could produce 6 tables. Initially the countries do not trade, and then trade opens up. Under which circumstances will country C export tables?

a) Under no circumstances.

b) If a worker in country D could produce fewer than 3 tents a week.

c) If a worker in country D could produce 3 tents a week.

d) If a worker in country D could produce more than 3 tents a week.

Reference no: EM131045911

Questions Cloud

Values of the coefficients and p-values : 1. Using the file in this homework folder (women_job.xlsx), first estimate the linear probability model: Job = f(Married, School, Age) in STATA. (Include your STATA work) a. Report the values of the coefficients and p-values for each independent vari..
What happens to time out : After a packet is eventually received, we resume with Time Out initialized to the last exponentially backed-off value used for the timeout interval.
Adams orders one thousand widgets : Adams orders one thousand widgets at $5 per widget from International Widget to be delivered within sixty days. After the contract is consummated and signed, Adams requests that International deliver the widgets within thirty days rather than sixt..
How long does it take before the time out value : How long does it take before the Time Out value, as calculated by the Jacobson/Karels algorithm, falls below 300? Assume initial Deviation value of 25; use δ = 1/8.
Labour as an input and produce : Suppose Countries C and D use only labour as an input and produce only tables and tents. In A, a worker in a week could produce 4 tables or 2 tents. In B, a worker in a week could produce 6 tables. Initially the countries do not trade, and then tr..
What is the largest n approximately : What is the largest N, approximately, that doesn't result in timeouts in the steady state (i.e., for which the Jacobson/Karels Time Out remains greater than 4.0)? Use δ = 1/8.
Lower opportunity cost for tractors : Suppose two countries E and F use many inputs. Country E exports tractors and imports televisions. Assuming there are no economies of scale, which of the following statements is true? a) If the countries did not trade, then E would have a lower op..
What is required by employers to be in compliance with act : What is the Act you have chosen and summarize it in your own words - What is required by employers to be in compliance with the Act? What are the employee rights under the Act?
Delineates income and consumption levels : 1. Assuming that the economy's MPC is 2/3 and that the government spending increases by $20 billion, what would be the impact on the equilibrium level of GDP? 2. If the economy's MPS is .2, what is the multiplier? 3. Given the following table that ..

Reviews

Write a Review

Macroeconomics Questions & Answers

  Inflation targeting be a good policy

Why might it be difficult for the Fed to formally adopt inflation targeting?  Would inflation targeting be a good policy for the Fed in the present economic environment

  In using the taylor rule

In using the Taylor Rule as a guideline for monetary policy, what are the pros and cons of using forecasted values of inflation and output rather than observed values of these variables?

  Describe the present economic crisis situation in europe

Describe the present economic crisis situation in Europe.  Why has it been so difficult for the Europeans to find a solution to this problem?   Comment on what implications the crisis may have for the rest of the world if Europeans are not able to ag..

  Long-term federal government budget problems

Question:. Explain why there are long-term Federal government budget problems. Explain why the base-line forecast of the CBO is misleading.

  Derive and compare demand curve

Question based on Derive and compare demand curve,  Derive Ambrose's demand function for peanuts. How does it compare with Johnny's demand curve for peanuts?

  Problem based on utility function

Problem based on  Utility Function - Problem,  Answer and explain the following using a diagram which is completely labeled.

  Laffer curve : tax rate and tax revenue

Question based on Laffer Curve : Tax Rate and Tax Revenue,  Do raising tax rates necessarily raise tax revenue? What factors affect how tax revenue changes when tax rates change?

  Problem - income elasticity of demand

Problem - Income Elasticity of Demand,  Interpret the following Income Elasticities of Demand (YED) values for the following and state if the good is normal or inferior; YED= +0.5 and YED= -2.5

  Positive balance of payment

Question Positive Balance of Payment: "Things will look good for the US if we could just get to where we are consistently running a positive Balance of Payments."

  Effect of recession on the investment curve

Comment on the effect of a recession on the investment curve (only) and on the level of savings, investment, and the equilibrium real interest rate in the financial crisis that hits United States first starting in fall 2007.

  Affect of falling domestic investment on trade surplus and

How will a fall in domestic investment affect the trade surplus and net capital outflows in the domestic economy, the trade deficit and capital inflows in the rest of the world.

  Crises in the banking sector and bank run

Banking crises crisis decreases depositors' confidence in the banking system. What would be the effect of a rumor about a banking crisis on checkable deposits in such a country?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd