Business, 19.09.2019 00:00, gmc2771

Gg. which good will the home country export? what is the quantity of its exports? h. which good will the home country import? what is the quantity of its imports? i. calculate the real wage in the home country in terms of wheat both before and after trade. j. calculate the real wage in the home country in terms of cloth both before and after trade. k. suppose the relative price of wine increases from .8 to 1. what effect will this have on home country’s utility (increase, decrease or no change)? what effect will this have on foreign country’s utility (increase, decrease or no change)? l. assuming the values of the marginal products at the beginning of the problem, and assuming that relative price of wine is equal to one, calculate the relative wage between the two countries (w/w*).

Answers: 2

Show answers

Other questions on the subject: Business

Business, 22.06.2019 09:00, flore7488

Your grandmother told you a dollar doesn't go as far as it used to. she says the purchasing power of a dollar is much lesser than it used to be. explain what she means. try and use and explain terms like inflation and deflation in your answer.

Answers: 1

continue

Business, 22.06.2019 11:00, dxpebetty64

Which statement best describes the variety of workplaces commonly found in the health science career cluster? a. workplaces in this cluster include healthcare facilities such as hospitals, physician offices, and clinics. b. workplaces in this cluster include healthcare facilities, laboratories, and other environments such as offices or homes. c . workplaces in this cluster include nonprofit hospitals, government-run clinics, and private physicians' offices. d. workplaces in this cluster include private and nonprofit hospitals and clinics, and dentists' offices.

Answers: 1

continue

Business, 22.06.2019 11:50, vdirectioner7634

The basic difference between macroeconomics and microeconomics is that: a. microeconomics looks at the forest (aggregate markets) while macroeconomics looks at the trees (individual markets). b. macroeconomics is concerned with groups of individuals while microeconomics is concerned with single countries. c. microeconomics is concerned with the trees (individual markets) while macroeconomics is concerned with the forest (aggregate markets). d. macroeconomics is concerned with generalization while microeconomics is concerned with specialization.

Answers: 3

continue

Business, 22.06.2019 12:30, dtrdtrdtrdtrdrt1325

Suppose a holiday inn hotel has annual fixed costs applicable to its rooms of $1.2 million for its 300-room hotel, average daily room rents of $50, and average variable costs of $10 for each room rented. it operates 365 days per year. the amount of operating income on rooms, assuming an occupancy* rate of 80% for the year, that will be generated for the entire year is *occupancy = % of rooms rented

Answers: 1

continue

Do you know the correct answer?

Gg. which good will the home country export? what is the quantity of its exports? h. which good wi...