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- Suppose that Russia produces 10,000,000 barrels of oil and 1,000 bushels of wheat each week. Suppose that India produces 10657 barrels of oil and 10657 bushels of wheat each week. In autarky, what is the largest amount of wheat Russia can consume every week? amount of wheat per week: What does the term autarky refer to? O a major argument against globalization government policies meant to reduce international trade the process of negotiating terms of trade between two countries a situation where one country does not engage in trade with other countries bushelsE4 Government officials say that the pricing of steel is no longer as big an issue now, the biggest constraint on growth is “erratic” electricity supply. Graphically illustrate and explain how an increase in steel prices can lead to an increase in electricity prices.Q3. Forecast the demand for the rice for a country for the year 2019 on the basis of 7-year data given in table: Year 2012 2013 2014 2015 2016 2017 2018 Population (millions) 10 12 15 20 25 30 40 Rice consumed (million tonnes) 40 50 60 70 80 90 100
- Both the United States and global economies are booming. Will U.S. imports and/or exports increase?In its recent report, The Conference Boards Global Economic Outlook 2015, updated November 2014 (http://www.conference-board.org/data/ globaloutlook.cfm), projects Chinas growth between 2015 and 2019 to be about 5.5%. International Business Times (http//www.ibtimes.com/us-exports-china-have rown-294-over-past-decade- 1338693) reports that China is the United States third largest export market, with exports to China growing 294 over the last ten years. Explain what impact China has on the U.S. economy.- Principles 1 S121/22 of EconomiCS What is the impact on the labour market due to a decrease in the demand for exports? Select one: labour demand shifts to the right; wage rate increases and level of employment increases O b. labour supply shifts to the right; wage rate decreases and level of employment is higher labour supply shifts to the left; wage rate increases and level of employment is lower Od. labour demand shifts to the left; wage rate decreases and level of employment decreases Nex page our on this page 乙 Type here to search home prt sc F8 64 F5 F4 F3 5.
- Why are prices of agricultural commodities volatile? Discuss, drawing on economic theory and using examples. taking the wheat market as an example. What happens to the income of all wheat growers if the wheat supplied increases, with no other changes? What happens to the income of all wheat growers if the wheat supplied decreases, with no other changes?Let's think of an economy with two industries and these industries be water and electricity companies. Electricity company, electricity using water and electricity; The water company also produces water using water and electricity. With the output of both companies measured in TL, 0.1 TL electricity and 0.1 TL water is required to produce 1 TL of electricity, 0.8 TL electricity and 0.2 TL water to produce 1 TL water. As the demand of the foreign sector is 18.000 TL electricity and 12.000 TL water production, X1 = total output of the electricity company, X2 = total output of the water company, electricity and waterCalculate the total output required for the companies to meet both external and internal demand by any matrix method.5. Use the information on the following transactions for a country named Neverland: i. Local coffee shops sold $10,000 worth of coffee to local consumers. To produce the coffee, they purchased $2,000 worth of coffee beans from local coffee growers. The same growers also sold coffee for $5,000 to a foreign company. ii. The local textile company bought $1,000 worth of wool from an Australian com- pany and produced $10,000 worth of clothes sold to domestic consumers. The local textile company also bought 10 Vespas from Piaggio* (foreign company) at the cost of $1,000 each to use for deliveries. What is the value of Gross Domestic Product (GDP) in Neverland? (a) 27,000 (b) 19,000 (c) 30,000 (d) 24,000 (Right answer)
- I don't know how to draw that graph and about those changes..Will u please help me to solve that issue?9. According to the New York Times (11/18/06) the number of car producers in China is increasing rapidly. The newspaper reports that "China has more car brands now than the United States." But while car sales have climbed 38% in the first three quarters of the year, automakers have increased their output even faster, causing fierce competition and a slow erosion of prices." At the same time, Chinese consumer incomes have risen. Assume that cars are a normal good. Use a diagram of the supply and demand curves from cars in China to show what is happening. Explain verbally, too. Label and describe shifts and directions of Q and P carefully. bir "Blue Deriod"Need help with Evaluation Evolution Question 3 asks how easily the quantity supplied of salmon can be changed in response to changes in its price. In your answer, write about the short term - if the price of salmon doubled today, for example, could the quantity supplied of salmon double in the next year? What are the constroints on increasing supply? Then consider the long term. What are the constraints on increasing supply and how important are they? Come to an overall condusion about the short term and long term.