ASAPPP! I need the 2 nd question sentences.2. Draw a Circular-Flow diagram. Identify the parts of the model that correspond tothe flow of goods and services and the flow of money for each of the following activities.(a) Pervin pays a shopkeeper 1 manat for a litre of milk.(b) Nermin earns 3 manats per hour working at a fast food restraunt(c) Azer spends 7 euros to see a film.(d) Anar carns 10000 euros from his 10 percent ownership in a travel company.3. Are the following statements true or false? Explain in each case.(a) "Two countries can achieve gains from trade even if one of the countries has an absoluteadvantage in the production of all goods."(b) "Certain very talented people have a comparative advantage in everything they do."(c) "If a certain trade is good for one person, it can?t be good for the other one."4. Using supply and demand diagrams, show the effect of the following events on the marketfor sweatshirts.(a) A drought in Egypt damages the cotton crop.(b) The price of leather jackets falls.studente to attend morning cxercise classes in appropriate attire.

Macroeconomics analyzes the economy as a whole. It studies the aggregate economic concepts such as…

2. Draw a Circular-Flow diagram. Identify the parts of the model that correspond to the flow of goods and services and the flow of money for each of the following activities. (a) Pervin pays a shopkeeper1 manat for a litre of milk. (b) Nermin earns 3 manats per hour working at a fast food restraunt (c) Azer spends 7 euros to see a film. (d) Anar carns 10000 euros from his 10 percent ownership in a travel company.

2. Draw a Circular-Flow diagram. Identify the parts of the model that correspond to the flow of goods and services and the flow of money for each of the following activities. (a) Pervin pays a shopkeeper1 manat for a litre of milk. (b) Nermin earns 3 manats per hour working at a fast food restraunt (c) Azer spends 7 euros to see a film. (d) Anar carns 10000 euros from his 10 percent ownership in a travel company.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter2: Choice In A World Of Scarcity

Section: Chapter Questions

Problem 7SCQ: Would a research study on the effects of soft drink consumption on childrens cognitive development...

See similar textbooks

Similar questions

8. What is economic?
If the price of a pie is 12, what is the maximum number of pies she could buy in a week?
Would a research study on the effects of soft drink consumption on childrens cognitive development he a positive or normative statement?
5. Draw a Production Possibilities Graph for Toyota using the following information: A В C D E F G Trucks 20 28 35 40 43 45 Cars 54 52 49 43 35 25 Plot the combination with 30 cars and 40 trucks and label it “Y." Plot the combination with 40 cars and 50 trucks and label it "X." Explain what is happening at these points.
Which are those economic goods which do not have any type of the physical characteristics they are intangible one word
Draw a circular-flow diagram. Identify the partsof the model that correspond to the flow of goodsand services and the flow of dollars for each of thefollowing activities.a. Selena pays a storekeeper $1 for a quart of milk.b. Stuart earns $8 per hour working at a fast-foodrestaurant.c. Shanna spends $40 to get a haircut.d. Salma earns $20,000 from her 10 percentownership of Acme Industrial.
Sketch a graph to illustarte your idea of each of the following relationships. Be sure to label both axes appropriatley. In each case explain uder what circumstances, if any, the curve should shift. 1. The amount of fertilizer added to an acre of land and the amount of corn grown on that land in one growing season 2. An automobile's horspower and it's gasoline mileage (in miles per gallon)
5. OYNAMICS x(xg -8x+4) dt do dt y(3x-y) SET BOTH AMO FIVD THE REUTIONSHIP BETWEEN * X SUCH THKT d- do GRAPH TIESE (w/ THE "ARRavs") - FINO X* t y" 9L MOHS DYMAMICS
2. Study Questions and Problems #2 Lorenzo can paint either 5 walls or 2 window frames in one hour. In the same time, Neha can paint either 10 walls or 1 window frames. To minimize the time spent painting, should specialize in painting walls, and should specialize in painting window frames. Grade It Now Save & Continue
Area of original paper 3.1.1 Complete the table above. lal paper change as htandia fokcs oto dsfterent laalves? wa the or th glain your anawer Describe he kind of relationahip between the ares of the original paper and the aumber of folds. 3.1.3 4. Mr Majola owns a shop where he repairs household appliances. He woulid like to buy a cell phone so that he can contact his customers after their work is done. Two different cell phone providers forwarded quotes to him upon request. Cell phone provider SAVE MORE quoted R80 per month and R2,50 per minute. Cell phone provider CASH IN quoted R100,00 per month and R2,00 per minute. Look at the incomplete table below: Airtime in minutes: t 10 20 30 40 50 60 SAVE MORE'S cost in rands: CM 80 105 130 155 Ass 380530 CASH IN'S cost in rands: Ca 120 140 160 240 340 460 100 4.1 What does the table above show? 4.2 Write down the symbol which represents the independent variable. 4.3 Where does the value 80 in row 2 come from? 4.4 Explain the situation if…
Which of the following is NOT a supply shifter? * O A. Technology OB. Number of sellers O C. Demand OD. Government regulations
Select the number of the question and the letter to indicate the answer you consider correctfor each question. Answers to all questions are to be recorded on the answer sheet. (Pleasenote - Do not submit the full question with a circle answer. ONLY the number and theletter).1. The Law of demanda. applies to final consumer goods but not to the productive resources purchased bybusiness firms.b. tells us how much of a good people want, but not necessarily how much of that good theyare willing to pay for.c. tells us that when the price of a good falls, quantity demanded will increase.d. applies only to goods that are not absolute necessities. 2. The law of supply states that all other things remaining the same:a. as the price of a good increases, supply of the good will increase.b. as the price of a good increases, the quantity of the good supplied willincrease.c. as the price of a good increases, demand for the good will increase.d. as the price of a good increases, the quantity of the…