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Greeley [361]
3 years ago
9

Why did the United States sign the Jay Treaty with Britain?

Social Studies
1 answer:
borishaifa [10]3 years ago
4 0
To Address All The Problems That Were Left Out In The Treaty Of Paris
Hope This Helps
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Current research suggests that sexual orientation is most likely a result of
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The answer would be Biology.
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Price elasticity of demand is defined as: Group of answer choices the slope of the demand curve. the slope of the demand curve d
dalvyx [7]

Answer:

<h3>the percentage change in quantity demanded divided by the percentage change in price.</h3>

Explanation:

  • The basic feature of price elasticity of demand is to indicate that elasticity of demand of a good or a service change according to the change in the price of the good or the service.
  • The price elasticity of demand measures the consumers' behavior of quantity demanded to a change in price. It is the percentage change in quantity demanded divided by the percentage change in price.
  • Symbolically, it can be written as:

        Elasticity of demand= \frac{Percentage change in quantity demanded}{Percentage change in price}

6 0
2 years ago
More than 40% of India’s population lives on less than $1.25 a day. What kind of standard of living do these people most likely
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Answer:

c

Explanation:

7 0
3 years ago
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Economics: What are the potential tradeoffs and opportunity costs in a country if you choose to spend more on guns than on butte
lisov135 [29]

Answer:

The meaning of guns and butter is an economic policy choice of whether a nation is increasingly keen on burning through cash on war or taking care of its people.

trade-off: If you put more cash toward weapons then you are surrendering another advantage which is a trade-off.  

opportunity costs: As an economy delivers more weapons (military spending) it must diminish its creation of bread and butter (food), and the other way around.

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3 years ago
Assume labor and capital are the only two inputs. Digitopolis is a capital-abundant country that produces personal computers and
chubhunter [2.5K]

Answer:

Following the Ricardian Model of Comparative Advantage, <u>both Digitopolis and the labor-abundant country will specialize at producing  what each does best, according to its factors endowment.</u>

This means that <u>Digitopolis will shift its production to computers</u> as it is a capital intensive activity and <u>its opportunity cost </u>for computers production is lower,<u> while the second country, being labor-abundant, will specialize on producing fax machines.</u>

Explanation:

The Ricardian Model of Comparative Advantage assumes that countries benefit from international trade as they will specialize in producing goods where they hold comparative advantage, that is, where their opportunity cost is lower. The opportunity cost describes the trade-off between choosing to produce one good or the other based on inputs availability and efficiency. In this case, capital is abundant in Digitopolis, so it is evident that the opportunity cost of shifting output to a capital-intensive industry (computers) will be less than producing labor-intensive goods (fax machines).

Being a capital-abundant country, for Digitopolis the opportunity cost of producing fax machines is higher than for producing computers, so it is less efficient for this country to focus on producing fax machines. <u>Thus, it will be more productive that it specializes on producing computers. </u>

On the other hand, considering that the second country is labor-abundant, it is better that it specializes on producing fax machines, as its opportunity cost here is lower.

Finally, <u>both countries will benefit from trade</u>, as overall production of computers and fax machines will increase. Digitopolis will produce much more computers and the second country more fax machines than in the pre-trade situation, because both countries will be employing their inputs more efficiently and productivity will increase.

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