Question
In: Math
2. Current estimates suggest that 75% of the home-based computers in a foreign country have access...
2. Current estimates suggest that 75% of the home-based computers in a foreign country have access to on-line services. Suppose 20 people with home-based computers were randomly and independently sampled. Find the probability that fewer than 10 of those sampled currently have access to on-line services. Find the probability that more than 9 of those sampled currently do not have access to on-line services.
Solutions
milcah answered 1 year agoRelated Solutions
There are 2 countries, Home and Foreign, and 2 goods, Wine and Cheese. In each country...
There are 2 countries, Home and Foreign, and 2 goods, Wine and
Cheese. In each country
the are 150 workers. But not all workers are the same: some workers
are cheese-makers and some
workers are wine-makers. Each cheese-maker can produce one pound of
cheese and zero bottles of
wine, and each wine-maker can produce one bottle of wine and zero
pounds of cheese. In the Home
country there are 100 cheese-makers and 50 wine-makers, and in the
Foreign country there...
Suppose that the liquidity preferences for the home country h and foreign country f are both...
Suppose that the liquidity preferences for the home country h
and foreign country f are both fixed (i.e. they are not a
function of the interest rate, i.e. you can ignore the interest
rate in this question). The real GDP growth rates of countries h
and f are both 0. The nominal money supply growth rate of the
foreign country f is also 0. The nominal money supply growth of the
home country h is initially 3%, until time T,...
The U.S. (Home country) and Japan (Foreign country) are trading with each other in the auto...
The U.S. (Home country) and Japan (Foreign country) are trading
with each other in the auto industry. Both are large countries in
this market for cars. The U.S. imports cars from Japan.
The U.S. demand curve for cars is given
by:
D =210 – 30P
The U.S. supply curve for cars is given
by: S = 30+ 30P
Japan’s demand curve for cars is given by:
D* = 50 – 10P
Japan’s supply curve for cars is given...
Suppose that a Home country is a labor-abundant country, and produces bananas (labor intensive) and computers...
Suppose that a Home country is a labor-abundant country, and
produces bananas (labor intensive) and computers (capital
intensive). Given all the theory and assumptions of the
Heckscher-Ohlin model holds true, answer the following
questions:
A). Draw and explain in a graph the free trade equilibrium for
Home Country (Remember PPFs? Make sure to clearly indicate the
production point, the consumption point, and the quantity of
exports and imports).
B). In the graph drawn above for question (a), show the effects...
Suppose that a Home country is a labor-abundant country, and produces bananas (labor intensive) and computers...
Suppose that a Home country is a labor-abundant country, and
produces bananas (labor intensive) and computers (capital
intensive). Given all the theory and assumptions of the
Heckscher-Ohlin model holds true, answer the following
questions:
A). Draw and explain in a graph the free trade equilibrium for
Home Country (Remember PPFs? ! Make sure to clearly indicate the
production point, the consumption point, and the quantity of
exports and imports).
B). In the graph drawn above for question (a), show the...
Suppose that home country A has the following transactions with foreign country B. For each transaction,...
Suppose that home country A has the following transactions with
foreign country B. For each transaction, indicate and explain the
appropriate debit and credit entry in A’s balance-of payments
accounts.
a) A firm in country A sells $9,000 of iron & copper to a
country B firm. Payment is made by the firm in B drawing down its
checking account in a country A commercial bank.
b) An importer in country A buys $5,000 of apparel from a
country-B supplier,...
Suppose that home country A has the following transactions with foreign country B. For each transaction,...
Suppose that home country A has the following transactions with
foreign country B. For each transaction, indicate and explain the
appropriate debit and credit entry in A’s balance-ofpayments
accounts.
a) A firm in country A sells $9,000 of iron & copper to a
country B firm. Payment is made by the firm in B drawing down its
checking account in a country A commercial bank.
b) An importer in country A buys $5,000 of apparel from a
country-B supplier, paying...
Suppose that home country A has the following recorded transactions with foreign country B. Following the...
Suppose that home country A has the following recorded
transactions with foreign country B. Following the example below,
for each transaction, indicate which item is a debit and which item
is a credit (in Country A’s the balance of payments) and how the
item would be identified in the balance of payments.
Example: An importer in country A buys $8,000 of apparel from a
country-B supplier, paying for the goods by writing a check to be
deposited into the B...
Consider two countries, Home and Foreign, trading two goods, Rice and Car. The Home country is...
Consider two countries, Home and Foreign, trading two goods,
Rice and Car. The Home country is endowed with abundant capital
relative to labor and hence has a comparative advantage to
specialize in Cars; whereas the Foreign country is endowed with
abundant labor and specializes in Rice. Once they start trading,
the price of cars decreases, and the price of rice increases in the
Foreign country. How would the increase in the price of
rice affect the income of each of...
Consider two countries, Home and Foreign, trading two goods, Rice and Car. The Home country is...
Consider two countries, Home and Foreign, trading two goods,
Rice and Car. The Home country is endowed with abundant capital
relative to labor and hence has comparative advantage to specialize
in Cars; whereas the Foreign country is endowed with abundant labor
and specializes in Rice. Once they start trading, the price of car
decreases, and the price of rice increases in the Foreign country.
How would the decrease in the price of car affect the income of
each of the...
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