Answer:
False
Explanation:
An economic agent should specialise in the production of the good for which it has a comparative advantage in its production.
An economic agent has a comparative advantage in production if it produces at a lower opportunity cost when compared with other economic agents.
Anne's opportunity cost in pie production = 4/3=1.33
Anne's opportunity cost in shirt production = 3/4 = 0.75
Mary's opportunity cost in pie production = 5/2 = 2.5
Mary's opportunity cost in shirt production = 2/5 = 0.4
Anne has a comparative advantage in the production of pies and Mary has a comparative advantage in the production of shirts.
Anne should specialise in pie production and Mary should specialise in shirt production.
I hope my answer helps you
Answer:
The correct answer is D. will result in a multiple times higher decrease in equilibrium real GDP in the short run; however, a tax-rate reduction will increase the automatic-stabilizer properties of the tax system, so equilibrium real GDP would be less stable.
Explanation:
Ricardian Equivalence is an economic theory that suggests that when a government increases expenses financed with debt to try to stimulate demand, demand does not really undergo any change.
This is because increases in the public deficit will lead to higher taxes in the future. To keep their consumption pattern stable, taxpayers will reduce consumption and increase their savings in order to offset the cost of this future tax increase.
If taxpayers reduce their consumption and increase their savings by the same amount as the debt to be returned by the government, there is no effect on aggregate demand.
The fundamental concept of Ricardian equivalence is that it does not matter which method the government chooses to increase spending, whether by issuing public debt or through taxes (applying an expansive fiscal policy), the result will be the same and demand will remain unchanged.
Answer:
B.
Explanation:
B. First in First out is good I guess
Answer:
The speed of the car is 67.77 m/s and it is moving away from the observer.
Explanation:
The apparent frequency is given as
![f' = f\dfrac{ [v - vo]}{ [v - vs]}](https://tex.z-dn.net/?f=f%27%20%3D%20f%5Cdfrac%7B%20%5Bv%20-%20vo%5D%7D%7B%20%5Bv%20-%20vs%5D%7D)
Here
o is the observer
s is the source which is car
v is the speed of sound = 343 m/s
f = true frequency emitted by the car (when stationary)
f ' = 0.835 f
so
![f' = f\dfrac{ [v - vo]}{ [v - vs]}\\0.835 f= f\dfrac{ [v - vo]}{ [v - vs]}\\0.835 = \dfrac{ [343 - 0]}{ [343 - vs]}\\0.835=\frac{343}{343-x}\\x=-67.77 m/s](https://tex.z-dn.net/?f=f%27%20%3D%20f%5Cdfrac%7B%20%5Bv%20-%20vo%5D%7D%7B%20%5Bv%20-%20vs%5D%7D%5C%5C0.835%20f%3D%20f%5Cdfrac%7B%20%5Bv%20-%20vo%5D%7D%7B%20%5Bv%20-%20vs%5D%7D%5C%5C0.835%20%3D%20%5Cdfrac%7B%20%5B343%20-%200%5D%7D%7B%20%5B343%20-%20vs%5D%7D%5C%5C0.835%3D%5Cfrac%7B343%7D%7B343-x%7D%5C%5Cx%3D-67.77%20m%2Fs)
The speed of the car is 67.77 m/s and it is moving away from the observer.
Answer: C
Explanation: The deadwood employee is the one who habitually does the minimum amount to get by, often blaming others or the “system” when there are problems. They may have ‘retired on the job,’ or lost motivation to work, like spreading gossip and rumours somas not to put in the required energy to work or they are just generaaly lazy folks.
