Other Economics Answers

Discuss the interrelations between agricultural and non-agricultural sectors, and state clearly the role of agriculture in economic development

What is the role of government in agricultural research

Answer the following questions substantially.

1. If you were to assess the status of the different continents in the world regarding its sustainable tourism practices and initiative from scale to 1-10 rate and explain your rating. Elaborate

2. How would you implement responsible tourism in your City, Municipality or Province? My municipality is in Santiago City, Isabela. Elaborte.

3. What are the benefits of the voluntary initiatives and certification to tourism and hospitality business establishments? Elaborate.

compare adam smiths view of a nations wealth with that of modern economists who rely on gross domestic product. Would Adam Smith agree that gross domestic product is the best way to measure a nations economic output?

If the government paid for new infrastructure such as highways, schools, airports, and high speed internet, how much return should they expect in economic growth?

A. About as much as they spend

B. A multiplier of about 20 times greater return

C. A multiplier of about 5%

D. A cost of double their investment due to interest

a) Suppose the market demand curve for a product is given by 𝑄

𝑑 = 1000 − 10𝑃 and the market supply curve is given by 𝑄𝑠 = −50 + 25𝑃.

i. What are the equilibrium price and quantity [3Marks]

ii. What is the inverse form of the demand curve [2 Marks]

How do the natural resources enrich our lives

8.

Why does specialization in production with trade

proceed only up to the point where relative commodity prices in the two nations are equalized?

How is the equilibrium-relative commodity price

with trade determined?

In a country, if demand and supply of labour are equal, what does it say about employment situation?

7. What is meant by the equilibrium-relative commod￾ity price in isolation? How is this price determined

in each nation? How does it define the nation’s

comparative advantage?