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AleksandrR [38]
3 years ago
6

​_____ is a situation in which a country does not trade with other countries. the​ _____ is the ratio at which a country can tra

de its exports for imports from other countries.
a. ​oikonomia, prices
b. ​autarky, terms of trade
c. terms of​ trade, autarky
d. ​plutarky, price ratio by​ trading, countries are able to consume more than they could without trade. this outcome is possible because
a. inefficiencies in resource allocation are reduced.
b. world production of both goods increases after trade.
c. shifting production to the more efficient countrylong dashthe one with the comparative advantagelong dashincreases total production.
d. all of the above
Business
1 answer:
elena55 [62]3 years ago
6 0

Answer:

Question 1:<u> Autarky</u> is a situation in which a country does not trade with other countries. The <u>terms of trade</u> is the ratio at which a country can trade its exports for imports from other countries.

Question 2: The correct options for question 2  is d. all of the above

Explanation Answer 1

Autakry is a theoretical economic condition in which a country is self-sufficient. In such a scenario, it won't require the need to trade with other countries. The terms of trade are a ratio which depicts the average trade made for a particular country i.e average for both the imports and exports.

Explanation Answer 2

In reality, countries have to trade. They might lack important resources, such as oil or even food. They might also need to trade raw materials that might be required for export products.

Sometimes, it might even better to move the production of a product, from one country to another, simply because it might be cheaper.

Hence, in question 2, all of the options are correct.

Explanation:

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Many economists argue that, in the long run, the economy self-corrects and achieves full employment. What is this argument calle
Serggg [28]

Answer:

Classic Model

Explanation:

Classical economists brought the view of market economy for the most effective solution of economic problems. They advocated that economic problems would be solved spontaneously and within the framework of the possibilities, if the rules of the market economy were followed, and they defined the state as a unit that operates in a limited area and does not interfere with the economy.

Classical economists argued that the economy would automatically stabilize at full employment level under conditions of full competition.

The basis of the classical model is the assumption that the economic units are rational. Consumers try to maximize their benefits, while manufacturers try to maximize their profits. Classical economists argue that the state should not interfere with the economy. Because, according to the classics, the economy will always be fully employed and the general level of prices will always make a certain level of decision. The state does not need to get involved in the economy in order to reach full employment and to get rid of excessive price movements such as inflation and deflation. The "invisible hand" in the economy provides spontaneous full employment and price stability.

The basic assumptions of classical economic theory are as follows;

- Full competition conditions apply in the economy.

- Fees, interest rates and commodity prices are flexible.

- Each supply creates its own demand. (Say's Law)

- In the economy, money is demanded only for trading purposes, money is neutral. Money supply only affects the absolute price level, not relative (relative) prices and the real economy.

The classic model was popular before the Great Depression. It was said the economy was developing freely and that prices and wages were adjusted according to the time-consuming ups and downs. In other words, when times are good, wages and prices are rising rapidly, and when times are bad, wages and prices are set free.  The main assumption of this model is that the economy is always in full employment, that is, everyone who wants to work is fully trained and able to work from all sources.  Classical economists believe that the economy is self-adjusting, meaning that no one needs help in the event of recession. This is a Classic Model.

3 0
3 years ago
You just inherited ?$12 comma 00012,000. while you plan to squander some of it? away, how much should you deposit in an account
soldier1979 [14.2K]
44% annual interest sounds too good to be true, but we'll work with it.
Don't know exactly how much is <span>$12 comma 00012,000.
I will work with $1,000,000  (one million).  You can scale the results to the right amounts.

Future value = $1,000,000
i=0.44 
n=88
Present value=$1,000,000/(1+0.44)^88=$1.159*10^(-8), not even one cent!

However, if the interest rate is 4% for 88 years (more likely), then
Present value=F/(1.04^88)=1,000,000/1.04^88=$317,000.50.
That's the amount you need to put in today to get $1000000 in 88 years at 4% APR (compounded annually).</span>
6 0
3 years ago
4. Which of the following is a liability?
zlopas [31]

Answer:

Maybe C.

Explanation:

5 0
2 years ago
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If the production of a product or service involves external benefits, then the government can improve efficiency in the market b
gavmur [86]

Answer:

Providing a subsidy to correct for an underallocation of resources.

Explanation:

In Economics, subsidy can be defined as the amount of money or benefits such as tax reduction given by the government to sellers in order to sustain production and enable the buy to continuously purchase the product.

If the production of a product or service involves external benefits, then the government can improve efficiency in the market by providing a subsidy to correct for an underallocation of resources such as capital, land and labor used for production of these products.

4 0
3 years ago
Suppose that on Valentine's Day, the demand for both roses and greeting cards increases by the same percentage amount. However,
ryzh [129]

Answer:

The correct answer is: the supply of the greeting cards is less elastic than the one of the roses.

Explanation:

To begin with, the elasticity show how much the price and the quantity are related by indicating the variation that happens to one of them when the other changes. Therefore that the supply of the greeting cards is less sensitive to price because when the quantity demanded increased the price did not change as much as the roses due to the fact that the sellers were not encourage as much as the sellers of the roses to produce more and therefore to increase the price of the cards. So to sum up, when the price changed the sellers were not encourage to increase the production of the cards as much as the production of the roses because of its elasticity.

6 0
2 years ago
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