demand function P = 100-Q and MC =0, what is the competitive equilibrium

what is IIP?

What is current expenditure on defence sector in india??

What is Gig economy?

3.Which of the following types of firms are guaranteed to make positive economic profit? a.Both a perfectly competitive firm and a monopoly [in the long-run, economic profit for both types of firms will be zero] b.Neither a perfectly competitive firm nor a monopoly [correct; no firm is guaranteed to make positive economic profit] c.A perfectly competitive firm but not a monopoly [in the long-run, economic profit for competitive firms will be zero] d.A monopoly but not a perfectly competitive firm [in the long-run, economic profit for monopoly firms will be zero

onsider statements I and II below when answering this question:

I. If the United States imposes a trade restriction on Japan (i.e. a tariff or a quota), this could lead to a reduction in United States exports to Japan because fewer imports from Japan would result in U.S. Dollar appreciation relative to the Japanese Yen.

II. Assume the inflation rate in the United States and Canada are identical.  Also assume a change in inflation is the only factor affecting the exchange rate.  If inflation begins to increase in the U.S., but remains unchanged in Canada, we should expect the U.S. Dollar to appreciate relative to the Canadian Dollar.

A. Statement I is true, but statement II is false

B. Statement I is false, but statement II is true

C. Both statements I and II are true

D. Both statements I and II are false 

 Why the aggregate demand curve slopes downward

The following graph shows the aggregate demand (AD) curve in a hypothetical economy. At point A, the price level is 140, and the quantity of output demanded is $300 billion. Moving down along the aggregate demand curve from point A to point B, the price level falls to 120, and the quantity of output demanded rises to $500 billion.

As the price level falls, the cost of borrowing money will (Rise, fall, remain the same) , causing the quantity of output demanded to (Rise, fall, remain the same)  . This phenomenon is known as the(exchange rate, interest rate , wealth) effect.

Additionally, as the price level falls, the impact on the domestic interest rate will cause the real value of the dollar to (Rise, fall)  in foreign exchange markets. The number of domestic products purchased by foreigners (exports) will therefore (Rise, fall, remain the same) , and the number of foreign products purchased by domestic consumers and firms (imports) will (Rise, fall, remain the same)  . Net exports will therefore (Rise, fall, remain the same) , causing the quantity of domestic output demanded to (Rise, fall, remain the same)  . This phenomenon is known as the (exchange rate, interest rate , wealth)  effect.

What is meaning of natural price?

With the opening of trade, what is most likely to occur in terms of the production of cars in France? In Germany?

What are the effects of free trade on wage and rental on capital in Germany?

What is the effect of free trade on labor in France? On capital owners in France?

Suppose the two countries trade with one another. What will happen to the relative price of wine in France? In Germany?

Suppose that France and Germany do not engage in international trade. Assuming the countries have identical preferences, which country would have the cheaper relative price of wine?

Suppose two countries, France and Germany, use only capital and labor for production. France has 2,050 units of capital and 916 units of labor and Germany has 816 units of capital and 270 units of labor. Both countries produce two goods, cars and wine. In Germany, there are 366 units of capital and 135 units of labor employed in the wine industry. In France, there are 926 units of capital and 618 units of labor employed in the wine industry. Which industry is labor-intensive in Germany? Which industry is capital-intensive in
Germany?

Suppose two countries, France and Germany, use only capital and labor for production. France has 2,050 units of capital and 916 units of labor and Germany has 816 units of capital and 270 units of labor. Both countries produce two goods, cars and wine. In Germany, there are 366 units of capital and 135 units of labor employed in the wine industry. In France, there are 926 units of capital and 618 units of labor employed in the wine industry. Which country is labor-abundant? Which country is capital-abundant?

“Professionals and highly educated workers are more likely to oppose limits on free trade as compared with high-school–educated workers because they have a better understanding of international trade. ” Comment.

Suppose Ireland and Canada produce two goods, Y and X. Assume that good Y is labor intensive and good X is capital intensive. Comment on the overall welfare in both countries.