Explain three types of government policies that can encourage economic growth.

Say that Alland can produce 32 units of food per person per year or 16 units of clothing per person per year, but Georgeland can produce 24 units of food per year or 12 units of clothing. Which of the following is true?

Group of answer choices

Alland has an absolute advantage in producing food but will not trade with Georgeland.

Alland has a comparative advantage, but not an absolute advantage, in producing food.

Georgeland has both a comparative and absolute advantage in producing clothing.

Georgeland has a comparative advantage, but not an absolute advantage, in producing clothing.

Question 1

Suppose a new contracting environment with an economic environment that looks more uncertain is considered. This new contract will result in:

Question 2

Which of the following is NOT a benefit associated with producing inputs within a firm?

Question 3

By making managerial compensation depend on the performance of the firm's profits, the firm owner's profits:

Question 4

Which of the following occurs as firm size grows?

Question 5

Solving the principal-agent problem ensures that the firm is operating:

Question 6

A decrease in the marginal cost arising from a less complex specialized investment environment will cause the optimal contract length to:

Question 7

Suppose a firm manager has a base salary of $175,000 and earns 0.5 percent of all profits. Determine the manager's income if revenues are $10,000,000 and profits are $5,000,000.

Question 8

An increase in the likelihood of a dismissal:

Question 9

The agent is an individual:

Question 10

A potential problem with piece-rate plans is that:

1.

The component of spending that is responsible for most of the GDP decline during recessions tends to be

2.

Social security payments fall under which category or categories of government expenditures (CHECK ALL ANSWERS THAT ARE CORRECT!)

Between 2000 and 2018, what happened to the U.S. trade balance in services?

Explain three major shortcomings of the officially reported unemployment in portraying the state of the job market by referring to two items within each.

When can the Coase Theorem properly handle a situation where an externality exists? Provide an example.

In what types of situations can the Coase Theorem not properly handle an externality? How can they be addressed instead?

In the chain ratio method of estimating demand, a base number is multiplied by a chain of adjusting percentages. The upper limit of market demand is called market potential. The % market that willing and able to buy is available market under the current conditions.

ZIVAGO sells HDTV and a recent marketing research survey found the following information: Number of US households: 230,000
Access to HD Internet = 65% of the households.

Among the households with access to HD internet, 33% of households are willing and able to buy HDTV. Each household can buy one HDTV. Average price: $ 500

ZIVAGO wants to get 5% of the available market in the first year.

Use the chain ratio method to estimate (in units and $)

a. Potential market for HD TV

b. Available market and first-year sales forecast for ZIVAGO in units

Can you please answer:

What were the specific views of Adam Smith in reference to the role of government in a country's economic affairs? How do his views support or disagree with the concept of strategic trade theory?

Please I want a well-detailed answer to this question

What are some of the political and economic benefits of global economic integration? Why is so much pressure to favor regionalism appears to be emerging?

Thanks!

1. What is peak-load pricing? What are the differences between peak-load pricing and Ramsey pricing?

ii) Is it true that peak demanders pay all capacity costs and off-peak demanders pay none but the marginal costs? Explain.

iii)  What is the traditional rate of return regulation? What are the decision variables for a regulator under this regulatory scheme? What does it achieve? Explain.

2. (7.5 points)  What is Averch-Johnson effect? What does it show? Draw a figure and explain.

If, in the long run, a small firm were to expand its scale of operations, then initially it should expect to encounter ____________.

The positive slope of the supply curve can be explained by comparative advantage and opportunity cost.

There is a change in the price of wine. Which of the following causes the movement along the demand curve?

Firms will engage in which of the following?

The combination of Good A and Good Z that gives consumer equilibrium can be computed by which of the following?

When one hears about globalization and industry, they may think of major brand names and industries merging in with society, their culture and way of life. Globalization corresponds with the world. How might globalization affect the US and other countries? In developing countries?

globalization and industry are, essentially, the interconnection and interdependence of international borders which includes free trade, immigration, investment, information, and technology. What are some of the consequences?

Section B Short Essay Bonus Question

Discuss the impact of the coronavirus pandemic on the Canadian economy. Explain and evaluate briefly the response of the Canadian government to the crisis. Use some of the concepts you learned in macroeconomics in your discussion.

Your essay should be concise, about 500 words.