My question is, from an economical standpoint, how would it effect the US economy if all...
My question is, from an economical standpoint, how would it effect the US economy if all developing countries were paid fair wages and there weren't any sources of cheap labor to exploit?
Homework Answers
it can be mentioned that there is a lot of migration that played a major role in the development of United States economy where the skills of other country people have been exploited and used by United States to develop themselves and fair wages if paid in all the developing countries then the people would not be willing to leave the country as a result of which the migration can be reduced and the jobs to locals in the United States can be read shifted but the skill set level might decrease as a result of which it can prove to be bad for the United States economy all in all
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My question is, from an economical standpoint, how would it
effect the US economy if all...
how would you reply to this If the US Economy would rise in funds if the...
how would you reply to this
If the US Economy would rise in funds if the economy grew more rapidly then other countries. Meaning we would have more investments from other countries to expand their business on imports. Overall we would get access to more funds with a lower interest rate. There will be an increase in number of jobs, with that prices will overall be higher. For example the cost of living but if this were the case it...
The production function explains O A. all the machines, equipment, and buildings in the entire economy....
The production function explains O A. all the machines, equipment, and buildings in the entire economy. O B. how the total level of output or GDP in the economy is generated from the factors of production. ° C. the efforts, both physical and mental, of all the workers in the economy used to produce goods and services. O D. All of the above Which best explains the phenomenon of crowding in an open economy? O A. Decreased investment is replaced...
You have the following data from the US national accounts, the detailed question shows below: Above...
You have the following data from the US national accounts, the
detailed question shows below:
Above figure is ALL the
information and questions about this problem, no more other
info.
The answer for each should be (a) 17.8, (b) 13.8 and (c)
labor, 2/3 of national income. I am curious on how to calculate
these (i.e. steps and reasons), thank you.
The
answer shows above, so maybe it is very simple, how can I get that
answer?
3.2 You have...
Question 204 pts It seems evident that countries would have an advantage in producing those goods...
Question 204 pts It seems evident that countries would have an advantage in producing those goods that use relatively large amounts of their most abundant factor of production. True False Flag this Question Question 214 pts The data in the table below assumes that with the same quantity of resources, both Australia and Philippines produces food and computers. Australia can make 1,000 computers or 2,000 units of food in a day, and the Philippines can make 200 computers or 1,200...
This is a question from the quiz my professor gave to us. That is all the...
This is a question from the quiz my professor gave to us. That
is all the information for the question. I just took a picture of
it. My answer is A, but I am not sure. That is why i come here for
help.
Question 8 (0.5 points) The cylinder Extends Manually and Retracts Automatically. 241 Extend CR1 ov HE NH CR1 Sol-UP CR 2 Control Panel CA 2 Sol-DN 47 What will happen if PB3 is pressed, while the...
Somewhat lost on this question in my resource economics class. Any help would be great. pa pomts Consider an economy wi...
Somewhat lost on this question in my resource economics class.
Any help would be great.
pa pomts Consider an economy with two consumers, Alice and Bob. There is a public good in this economy. Alice's demand for this good is given by P = 10 - Q, and Bob's demand is P = 9 - Q. Marginal cost is MC = Q. a) Describe the "free market" solution. That is, how much does Alice pay? How much does Bob pay?...
QUESTION 1 According to the classical economists, those who are not working have chosen not to...
QUESTION 1 According to the classical economists, those who are not working have chosen not to work at the market wage. are unable to find a job at the current wage rate. have given up looking for a job but would accept a job at the current wage if one were offered to them. are too productive to be hired at the current wage. QUESTION 2 Which of the following explains why the long-run Phillips curve is drawn as a...
Question 51 (1 point) What is the market outcome and efficiency effect of minimum wage policy...
Question 51 (1 point) What is the market outcome and efficiency effect of minimum wage policy using the theory of perfect competitive markets? Unemployment - fair and affordable wage for all Shortage - loss in gain from trade Shortage - fair and affordable wage for all Unemployment - loss in gain from trade Question 52 (1 point) Why are too few resources generally devoted to research in new technologies in developing countries? New technologies cannot be patented. O Government research...
How could you paraphrase or rewrite this one: From a logical standpoint, I think the violinist,...
How could you paraphrase or rewrite this one:
From a logical standpoint, I think the violinist, Henry Fonda, chocolate box and seed metaphors were all valid.The violinist example illustrates the difference between what one has a right to and what is a kindness or act of charity as do the Henry Fonda chocolate box metaphors. They both also include discussion of the level of inconvenience and harm. Thomson asserts that many would think it less immoral to refuse help in...
1) How would you characterize US trade policy since the Great Depression of the 1930s? Reinforce...
1) How would you characterize US trade policy since the Great Depression of the 1930s? Reinforce your argument with concrete examples of US trade policy. 2) GATT and its successor, the World Trade Organization, have established a set of rules for the commercial conduct of trading nations. Explain. 3) Discuss the economic-integration project known as the European Union in its different stages. Briefly characterize why we have come to refer to the EU as “multi-speed Europe.” 4) Discuss the key...
how would you reply to this
If the US Economy would rise in funds if the economy grew more rapidly then other countries. Meaning we would have more investments from other countries to expand their business on imports. Overall we would get access to more funds with a lower interest rate. There will be an increase in number of jobs, with that prices will overall be higher. For example the cost of living but if this were the case it...
The production function explains O A. all the machines, equipment, and buildings in the entire economy. O B. how the total level of output or GDP in the economy is generated from the factors of production. ° C. the efforts, both physical and mental, of all the workers in the economy used to produce goods and services. O D. All of the above Which best explains the phenomenon of crowding in an open economy? O A. Decreased investment is replaced...
You have the following data from the US national accounts, the
detailed question shows below:
Above figure is ALL the
information and questions about this problem, no more other
info.
The answer for each should be (a) 17.8, (b) 13.8 and (c)
labor, 2/3 of national income. I am curious on how to calculate
these (i.e. steps and reasons), thank you.
The
answer shows above, so maybe it is very simple, how can I get that
answer?
3.2 You have...
This is a question from the quiz my professor gave to us. That
is all the information for the question. I just took a picture of
it. My answer is A, but I am not sure. That is why i come here for
help.
Question 8 (0.5 points) The cylinder Extends Manually and Retracts Automatically. 241 Extend CR1 ov HE NH CR1 Sol-UP CR 2 Control Panel CA 2 Sol-DN 47 What will happen if PB3 is pressed, while the...
Somewhat lost on this question in my resource economics class.
Any help would be great.
pa pomts Consider an economy with two consumers, Alice and Bob. There is a public good in this economy. Alice's demand for this good is given by P = 10 - Q, and Bob's demand is P = 9 - Q. Marginal cost is MC = Q. a) Describe the "free market" solution. That is, how much does Alice pay? How much does Bob pay?...
Question 51 (1 point) What is the market outcome and efficiency effect of minimum wage policy using the theory of perfect competitive markets? Unemployment - fair and affordable wage for all Shortage - loss in gain from trade Shortage - fair and affordable wage for all Unemployment - loss in gain from trade Question 52 (1 point) Why are too few resources generally devoted to research in new technologies in developing countries? New technologies cannot be patented. O Government research...
How could you paraphrase or rewrite this one:
From a logical standpoint, I think the violinist, Henry Fonda, chocolate box and seed metaphors were all valid.The violinist example illustrates the difference between what one has a right to and what is a kindness or act of charity as do the Henry Fonda chocolate box metaphors. They both also include discussion of the level of inconvenience and harm. Thomson asserts that many would think it less immoral to refuse help in...
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