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nikklg [1K]
3 years ago
9

(Scenario: Sugar Trade in Birdonia) In autarky, suppose that equilibrium sugar price is $100 per ton in Birdonia, a small agricu

ltural nation. Now, suppose Birdonia engages in free trade with the rest of the world. The world price of sugar is $125 per ton. What action must the government of Birdonia take to ensure that Birdonians do not import sugar at the world price of $125?
Business
1 answer:
evablogger [386]3 years ago
6 0

Answer:

The government of Birdonia should do nothing.

Explanation:

Equilibrium sugar price of $100 means that at that price($100), more people are willing to buy sugar. Also more firms are willing to supply the commodity at that price.

Hence since consumers are considered rational, they will want to go for a higher value at minimal cost. Opting for imported sugar at $125 is the least the Birdonian citizen will do.

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For each of the following examples, identify whether a positive or negative externality is present and whether there will be too
iris [78.8K]

Answer:

A. Landscape lawns produce positive externality.

B. Sports vehicle generates a positive externality

C. Walk to work creates positive externality.

D. Cigarettes create a negative externality.

Explanation:

Positive externality occurs when society gets benefit from a persons act. Susan has created lawns near her house and there are beautiful flowers in the lawn. This will be relaxing for those who pass near by the lawns. There will be fresh air coming from the lawn and society will look pleasant.

Negative externality is one in which society is harmed by the act of a person. This happens when Anita smokes at a bus stop. There are other travelers who will be present at the bus stop might be harmed from the smoke which arises from the cigarette.

8 0
3 years ago
The Delphi technique is a useful way to gather opinions from experts who
netineya [11]

Answer:

The answer is option B) The Delphi technique is a useful way to gather opinions from experts who desire anonymity.

Explanation:

The Delphi method seeks to collate opinions from a diverse set of experts, and it can be done without having to bring everyone together for a physical meeting.

Since the responses of the participants are anonymous, individual panelists don't have to worry about the consequences of their opinions.

Consensus takes time since opinions are carefully analyzed, making the method very effective.

It is an exclusive process used to arrive at a group opinion or decision by surveying a panel of experts.

Experts respond to several rounds of questionnaires, and the responses are aggregated and shared with the group after each round.

The experts can adjust their answer each round, based on how they interpret the group response provided to them to assess.

The ultimate result is meant to be a true consensus of what the group thinks whilst retaining the anonymity of the respondents.

5 0
3 years ago
Read 2 more answers
Rider Company is in the process of preparing it closing entries. It first closes its revenue accounts by crediting the Income Su
Ksivusya [100]

Answer:

B. Debit Income summary                  Debit              $ 23,000

   Retained Earnings                           Credit                                $ 23,000

Explanation:

The closing entries are recorded to close the current year's income statement  to the retained earnings account,

According to the data in the question, the revenue is closed to the credit of the income Summary  of $ 68,000 and the expenses are closed to the debit of the Income Summary of $ 45,000. This leaves a credit balance of $ 23,000 in the income summary account which is closed by debiting the income summary account and crediting the retained earnings account.

Since the revenue exceeded the expenses, the result ia  a profir which should increase the retained earnings account, which would be the case by a credit to the retained earnings account.

7 0
3 years ago
Seth did menial work—mostly house cleaning—when he could find it. He had been homeless for a year, and since then simply did not
Advocard [28]

Answer: Under class

Explanation:

 According to the question, Seth belongs to the under class as in the class hierarchy the underclass is one of the segment that belongs to the lowest position.

The people who belongs to the lowest or the bottom position in the society and also become the victim of the poverty in the society.

The underclass people are also comes under the economical weak section and they also lack of the educational and the social skills.  

Therefore, Underclass is the correct answer.

   

4 0
3 years ago
If we count marginally attached workers as unemployed​ ______.
maw [93]

I believe the answer is b. N

5 0
3 years ago
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