Question

In: Economics

Suppose you're in charge of establishing economic policy for this small island country. Which of the...

Suppose you're in charge of establishing economic policy for this small island country.

Which of the following policies would lead to greater productivity in the fishing industry? Check all that apply.

Imposing a tax on fishing poles

Imposing restrictions on foreign ownership of domestic capital

Sharply increasing the interest rate on student loans to people pursuing advanced degrees in fishing

Offering free public education to every worker in the country

Solutions

Expert Solution

Rahul Sunny answered 2 months ago
Next > < Previous

Related Solutions

Imagine you're named an Economic Advisor to the president of a very poor and backward country...
Imagine you're named an Economic Advisor to the president of a very poor and backward country (Sandokistan).   The President asks your advice on where they should use their very limited resources so that they can help escape the poverty trap. Should they invest in existing, traditional tools (think tractors, computers, known manufacturing techniques) or should they invest in cutting edge research where they might become a market leader? Please explain why you selected the option you did.   Conversely, why didn't...
Suppose that you are an economic adviser to the government of Country A. The country has...
Suppose that you are an economic adviser to the government of Country A. The country has a current account surplus and is facing gathering inflationary pressures. a. Show the location of the Country A on the II-XX diagram b. What would your advice be on how the exchange rate should be adjusted? c. What would be your advice about the fiscal policy? In that regard, you are given three pieces of data. First, the current account surplus is big, in...
Examine how should be the economic policy of a country whose economic growth is maintained with...
Examine how should be the economic policy of a country whose economic growth is maintained with jobless growth.
in which country Globalisation was profitable and in which country unprofitable refers to economic growth (...
in which country Globalisation was profitable and in which country unprofitable refers to economic growth ( 2 pages )
Small country quota Suppose Canada places a quota on the import of steel, which reduces its...
Small country quota Suppose Canada places a quota on the import of steel, which reduces its steel imports, but does not stop them completely. a) Draw a diagram to illustrate the change in Canada’s steel market, moving from free trade to the quota. b) Based on your diagram, compare Canada’s welfare if it distributes the quota by auction with Canadian welfare if the quote is distributed by a VER.
Small country quota Suppose Canada places a quota on the import of steel, which reduces its...
Small country quota Suppose Canada places a quota on the import of steel, which reduces its steel imports but does not stop them completely. a) Draw a diagram to illustrate the change in Canada’s steel market, moving from free trade to the quota. b) Based on your diagram, compare Canada’s welfare if it distributes the quota by auction with Canadian welfare if the quote is distributed by a VER.
Suppose that you are responsible for economic policymaking in your country.Your country is experiencing an economic...
Suppose that you are responsible for economic policymaking in your country.Your country is experiencing an economic recession and needs a fiscal stimulus. Which one would be more effective in boosting the economy a temporary cut in income taxes or a temporary cut in sales taxes of durable goods? (using graph to show the result)
Consider a small island country whose only industry is fishing. The following table shows information about...
Consider a small island country whose only industry is fishing. The following table shows information about the small economy in two different years. Complete the table by calculating physical capital per worker as well as labor productivity. Hint: Recall that productivity is defined as the amount of goods and services a worker can produce per hour. In this problem, measure productivity as the quantity of goods per hour of labor. Year Physical Capital Labor Force Physical Capital per Worker Labor...
QUESTION a) Small and medium enterprises (SMEs) are the pillar of economic growth of a country....
QUESTION a) Small and medium enterprises (SMEs) are the pillar of economic growth of a country. Explain five challenges faced by SMEs in the developing countries. b) Aryan is a successful young business entrepreneur in Nepal. He owns a chain of Speed Mart 88 convenience shops in major cities in Nepal. He plan to diversify his business to Malaysia. Explain the possible external business strategies that can be adopted by Aryan to expand his business in Malaysia. Which external business...
Which of the following policies was NOT adopted under China’s economic reform since 1978? A. Establishing...
Which of the following policies was NOT adopted under China’s economic reform since 1978? A. Establishing export processing zones to promote export-oriented industrialization B. Privatizing state-owned enterprises and removing government control over the financial sector C. “Opening the Door” to the West and utilizing foreign direct investment D. Reforming the agriculture sector by introducing market mechanisms gradually
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT