Business, 03.12.2019 17:31 jevonewilliams3106

1. richland’s real gdp per person is $10,000, and poorland’s real gdp per person is $5,000. however, richland’s real gdp per person is growing at 1 percent per year and poorland’s is growing at 3 percent per year. comapre real gdp per person in the two countries after 10 years and after 20 years. approximately how many years will it take poorland to catchup to richland? (10 points)

Answers: 1

Show answers

Other questions on the subject: Business

Business, 21.06.2019 19:10, xojade

Maldonia has a comparative advantage in the production of , while lamponia has a comparative advantage in the production of . suppose that maldonia and lamponia specialize in the production of the goods in which each has a comparative advantage. after specialization, the two countries can produce a total of million pounds of lemons and million pounds of coffee.

Answers: 3

continue

Business, 21.06.2019 21:00, castiaulii16

The market for corn in country a is highly competitive. at the current market price of $5/bushel there is a shortage of 100,000 bushels of corn in this country. media reports claim that the price of corn will rise drastically in the near future. according to these reports, the neighboring country b had witnessed a similar situation recently. at the same price, the shortage in country b was also 100,000 bushels and eventually the equilibrium price in b went up to $10/bushel. both countries are known to have equal number of corn producers and the market supply of corn is identical at all prices. this, combined with the fact that consumers in the two countries also have similar tastes and preferences, led the media to conclude that the price of corn in country a would soon be as high as $10/bushel. the new equilibrium price turns out to be below $10/bushel, what inferences can be drawn?

Answers: 3

continue

Business, 21.06.2019 23:30, Sebs1

Afreelanceâ€‹ singer-songwriter is planning the restoration of a recently purchased civilâ€‹ war-era farmhouse. while he professes an enjoymentâ€‹ of, and talent in the constructionâ€‹ trades, the theory of comparative advantage implies that a. the value of what he importsâ€‹ (in thisâ€‹ case, professional contractorâ€‹ services) must equal the value of what he exportsâ€‹ (songs). b. he should concentrate on the restoration work since hisâ€‹ out-of-pocket costs will be much lower than if he hires professionals. c. â€‹self-sufficiency isâ€‹ advantageous, hence he should split his time between music and construction. d. the income lost while away from music will likely exceed the savings realized by doing the workâ€‹ himself, thus, he should hire professionals to do the restoration work. e. he ought to do as much of the work himself as possible since importsâ€‹ (in thisâ€‹ case, professional contractorâ€‹ services) should always be restricted to those things that cannot be done internall

Answers: 2

continue

Business, 21.06.2019 23:30, BrezzyGirl9148

Afinancial institution, the thriftem bank, is in the process of formulating its loan policy for the next quarter. a total of $12 million is allocated for that purpose. being a full-service facility, the bank is obligated to grant loans to different clientele. the following table provides the types of loans, the interest rate charged by the bank, and the possibility of bad debt as estimated from past experience. type of loaninterest rateprobability of bad debtpersonal.140.10car.130.07home.1 20.03farm.125.05commercial.100.02 bad debts are assumed unrecoverable and hence produce no interest revenue either. competition with other financial institutions in the area requires that the bank allocate at least 40% of the total funds to farm and commercial loans. to assist the housing industry in the region, home loans must equal at least 50% of the personal, car, and home loans. the bank also has a stated policy specifying that the overall ratio for bad debts on all loans may not exceed .04. formulate this problem as a linear program. define your variables clearly and write all the constraints explaining the significance of each.

Answers: 1

continue

You know the right answer?

1. richland’s real gdp per person is $10,000, and poorland’s real gdp per person is $5,000. however,...