Characterization of mercantilisms message

Assignment Help Business Economics
Reference no: EM13851667

"Mercantalism recommends that a country should limit its exports, so that more of the otherwise-exportable products are instead available for local consumption." Do you agree or disagree with this characterization of mercantilism's message? Explain.

Reference no: EM13851667

Questions Cloud

Federal government should subsidize local projects : Why do so many members of Congress believe that the federal government should subsidize local projects, such as improvements in bus or subway systems in major cities?
Current consumption bundle is strictly : The absolute value of Mars’ MRS at his current consumption bundle is strictly greater than 2. Mars has convex preferences. Which of the following statements is (are) true? Justify your answer graphically.
Two indifference curves for people : Use separate graphs to sketch two indifference curves for people with each of the following utility functions.
Who has the same indifference curves as jim : Jim’s utility function is U(x, y) = xy. Jerry’s utility function is U(x, y) = 1, 000xy + 2, 000. Tammy’s utility function is U(x, y) = xy(1 − xy). Oral’s utility function is U(x, y) = −1/(10+ 2xy). Who has the same preferences as Jim? Who has the sam..
Characterization of mercantilisms message : "Mercantalism recommends that a country should limit its exports, so that more of the otherwise-exportable products are instead available for local consumption." Do you agree or disagree with this characterization of mercantilism's message? Explain.
Constitute proof-aid is not effective in increasing incomes : We can see that aid to Africa has increased significantly over the last 40 years and that incomes in Africa have stagnated. Explain why these two facts do not constitute proof that aid is not effective in increasing incomes in Africa.
What is the multiplier in this model : What is the multiplier in this model? The d is suppose to be a little below the Y.
Consideration for policies to address global warming : From an economist's perspective, an important consideration for policies to address global warming is: When a producer cannot get all consumers of their product to pay for enjoying it, such as in the case of a fireworks display, then we'd have a dema..
Find the best production mix of the bathtubs : Each model B bathtub can be sold for a profit of $70; it in turn requires 100 pounds of steel and 30 pounds of zinc.  Find the best production mix of the bathtubs.

Reviews

Write a Review

Business Economics Questions & Answers

  Accurately captures the state of money today

Which statement most accurately captures the state of money today?

  Price elasticity of demand increases when

By specializing in the production of one good, a company is able to benefit from economies of scale which increases its revenue. Which of the following is an attribute of specialization?

  Illustrate what is the minimum number of words per minute

Illustrate what is the minimum number of words per minute a student would have to read in order to get the award

  Difference in profit maximization between perfect competitor

What is the difference in profit maximization between the perfect competitor and all other types of firms? Economic profit is the difference between a firm's total revenue and its

  Is the industry in long-run competitive equilibrium

A firm in a purely competitive industry is currently producing 1,000 units per day at a total cost of $450. If the firm produced 800 units per day, its total cost would be $300, and if it produced 500 units per day, its total cost would be $275. If e..

  Illustrate what is the economic profit of the business

Compute accounting profit. What are the opportunity costs for the manager of being in this business relative to returning to his old job. Illustrate what is the economic profit of the business.

  Opportunity cost to demonstrate potential for gains

Propose a numerical and graphical example of 2 agents w/ constant opportunity cost to demonstrate potential for gains from trade. be sure to explain the opportunity cost of the two goods for each agent, who has the absolute and comparative advantage ..

  Net effects of trade blocs

Do you think the net effects of trade blocs are good or bad for world trade? Why? How do the efforts of the WTO relate to these trade blocs.

  Information to make sound strategic decisions

Indicate how Ford's management should use this information to make sound strategic decisions.

  During the mortgage crisis the destabilizing effects

During the mortgage crisis the destabilizing effects of defaulting mortgages quickly spread throughout the financial system because those mortgages were involved in widespread securitization.  What is securitization?

  Best motivate its various workers to be productive

A firm that makes car parts wants to adopt pay schemes that will best motivate its various workers to be productive and they hire you as a consultant.

  Topic insurancesteve has taken an insurance policy to cover

topic insurancesteve has taken an insurance policy to cover his 1940 house. at the time of application the insurer

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd