Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Microeconomics Expert

The counterpart to immobile factors on the supply side would be lack of substitution on the demand side. Imagine an economy where consumers always buy goods in rigid proportions-for example, one yard of cloth for every pound of food-regardless of the prices of the two goods. Show that an improvement in the terms of trade bene?ts this economy as well.

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M91529301
  • Price:- $10

Priced at Now at $10, Verified Solution

Have any Question?


Related Questions in Microeconomics

Question using the data set macro find the least squares

Question: Using the data set macro, find the least squares estimate of the following two models: Model A: Inves = ߈0 +߈1Interest and Model T: Inves = ߈0 +߈1Interest +߈3GNP a) What does "least squares estimates" mean ...

Question let velocity be 3 and the money supply be 500a if

Question: Let velocity be 3 and the money supply be $500. a. If we assume that velocity is independent of the price level, what is the aggregate demand curve? b. Now let the long-run aggregate supply curve be Y=100. What ...

Question watch the following video clip cpi a surprise jump

Question: Watch the following video clip, CPI: A surprise jump in inflation to a 2-year-high appears to have reduced the chances of further official interest rate cuts in Australia and answer the following questions. 1. ...

Question suppose that a consumer has income y in the

Question: Suppose that a consumer has income y in the current period and income y' in the future and faces proportional taxes on income in both periods. That is, the consumer pays a tax ty in the current period and t'y'i ...

Question why are the themes of managing teams managing the

Question: Why are the themes of managing teams, managing the multicultural workforce, managingglobalization, managing ethics and CSR, and managing with metrics so important today? Which of these challenges is likely to i ...

Quesiton imagine that you are considering an mba program

Quesiton: Imagine that you are considering an MBA program once you complete your health care management degree. Describe each step of the consumer decision-making process specifically from this perspective. (Your overall ...

Question go to the internet and find a news article that

Question: Go to the internet and find a news article that discusses a potential positive or negative externality. Summarize key points in your initial discussion post. Be sure to use the concepts and frameworks we are co ...

Question jones graduated college a few years ago and cant

Question: Jones graduated college a few years ago and can't find a good job. When I suggested she go back and major in economics this time around, she responded that she couldn't because she had already spent so many yea ...

Question the moroccan monetary authority is using a heavily

Question: The Moroccan monetary authority is using a heavily managed float to keep the dirham at $0.12 per dirham. Under current foreign exchange market conditions, nonofficial supply and demand would clear at $0.15 per ...

Question when inflation and interest rates rise at business

Question: When inflation and interest rates rise at business cycle peaks, the dollar is likely to decline because foreign investors withdraw assets that are likely to depreciate in real terms because of higher inflation. ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As