Question

Question 71 pts

The terms of trade range is 1/5 X < 1Y < 3X

the closer the value of 1Y is to 3X the better for the buyer. |

the closer the value of 1Y is to 1/5 X the better for the buyer. |

the closer the value of 1 Y is to 1/5 X the more of the gains to trade go to the sellers. |

the closer the value of 1 Y is to 3 X the more of the gains to trade go to the buyers. |

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Question 81 pts

The justification for trade barriers economists are most likely to support is probably:

diversification, but only for economies dependent on one or two goods. |

cheap capital, but only for economies with low savings rates. |

national security, but only for superpowers. |

infant industry, but only for highly developed technological leaders. |

Answer #1

Question number 7 correct choice is the second option.

1/5 is the reservation price for the seller and 3 is the price for the buyer. If the market price is closer to the reservation price the consumer surplus will be larger than it will be better for the buyer.

Question number 8 correct choice is the second option.

Trade barriers are supported by economist on the grounds of national security for all Nations and similarly in infant industry for developing Nations. Besides it argues for cheap capital to be provided for economies with low savings rate.

Question 71 pts
When country X imports goods from country Y,
only country X benefits.
only country Y benefits.
both country X and country Y benefit.
neither country X nor country Y benefit.
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Question 81 pts
Country X
wheat: 0 3 6 9 12
lumber: 4 3 2 1 0
Country Y
wheat: 0 1 2 3 4
lumber: 8 6 4 2 0
Before specialization and trade, when both countries are in the
middle total production...

Question 1 2.5 pts 1. The perfectly competitive firm's demand
curve is horizontal at the market price. True False Flag this
Question Question 2 2.5 pts 2. In perfect competition, the market
price is established at the intersection of the market demand and
market supply curves in the industry and the individual firms are
"price takers" of that market price. True False Flag this Question
Question 3 2.5 pts 3. The perfectly competitive firm will continue
to produce in the...

Question 1 2 pts
Let x represent the height of first graders in a class. This
would be considered what type of variable:
Nonsensical
Lagging
Continuous
Discrete
Flag this Question
Question 2 2 pts
Let x represent the height of corn in Oklahoma. This would be
considered what type of variable:
Discrete
Inferential
Distributed
Continuous
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Question 3 2 pts
Consider the following table.
Age Group
Frequency
18-29
9831
30-39
7845
40-49
6869
50-59
6323
60-69
5410
70...

Question 1
What is the vertex of f(x) = x2 + 3x + 2?
Select one:
a. 7
b. (0, 2)
c. (-3/2, -1/4)
d. -3/2
e. None of these
Question 2
What is the exact value of sin (22.5 degrees)?
Select one:
a. .383
b. sqrt (2)
c. sqrt ((2 – sqrt(2)) / 2)
d. sqrt ((2 + sqrt (2)) / 4)
e. Impossible
Question 3
Solve the system: 2x + 3y = 7, 3x - 5y = 1...

Let U=X1/2Y2,
dU/dX=(1/2)X-1/2Y2,
dU/dY=2X1/2Y
Px=$15, Py=$3 and I=$300
1.(2 pts)_______________________ What is the level of happiness
at X=16, Y=6?
2. (2 pts)_______________________What is the marginal utility of
X at this point?
3.(2 pts)________________________ What is the slope of the
indifference curve at this point?
4.(2 pts)_______________________ At this point, which is larger:
the marginal utility of the last dollar spent on X or the marginal
utility of the last dollar spent on Y? (You must show both marginal
utilities per...

step by step solution for the below question
please
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Question 11 pts
What is the difference between positive
economics and normative economics?
Group of answer choices
Positive economics deals with dynamic systems, while normative
economics focuses on static systems.
Normative economics deals with how the world actually works,
whereas positive economics focuses on what people ought to do.
Positive economics requires making value judgments, while
normative economics relies solely on factual statements.
Normative economics applies in cases...

E(X)=3, V(X)=2, E(Y)=5, and V(Y)=1. If Z=3X-5Y, calculate its
expected value and variance. Please give in depth work for part
b.
a) E(Z)=-16
b)V(Z)=

Suppose f(x)=x6+3x+1f(x)=x6+3x+1. In this problem, we will show
that ff has exactly one root (or zero) in the interval
[−4,−1][−4,−1].
(a) First, we show that f has a root in the interval
(−4,−1)(−4,−1). Since f is a SELECT ONE!!!! (continuous)
(differentiable) (polynomial) function on the
interval [−4,−1] and f(−4)= ____?!!!!!!!
the graph of y=f(x)y must cross the xx-axis at some point in the
interval (−4,−1) by the SELECT ONE!!!!!! (intermediate value
theorem) (mean value theorem) (squeeze theorem) (Rolle's theorem)
.Thus, ff...

QUESTION 1
When x is 2, y is 5. When x is 4, y is 1. The correlation
coeficient will be
a.
positive in value
b.
negative in value
c.
zero
QUESTION 2
The association between the variables "airfare" and "distance to
destination" would be
a.
POSITIVE
b.
NEGATIVE
c.
NEITHER
QUESTION 3
The association between the variables "dollars earned" and "hours
worked" for a worker at store would be
a.
POSITIVE
b.
NEGATIVE
c.
NEITHER
QUESTION 4
What is...

Question:
1. Can the equation x = 5 be written as slope intercept form?
Explain the reason(s).
2. What’s the relationship between two perpendicular lines in
terms of slopes? Do you think this relationship is true for the
perpendicular lines x = 0 and y =0? Why or why not?
3. How do you determine, from a graph of a function, if the
function is even, odd or neither?
4. Suppose that a function f whose graph contains no breaks...

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