1 Analyze IndiaMART as a market and assess its stakeholders 2 Assess IndiaMART as a multisided platform

Question

1. Analyze IndiaMART as a market and assess its stakeholders.

2. Assess IndiaMART as a mui-sided platform

with network effects. What are the implications of competing in network markets?

3.Discuss IndiaMART as a technological and economic platform by considering its technological limitations and potential, enablers of economic activity and unique environmental contingencies.

4. Suggest ways to valuate IndiaMART Discuss recommendations to improve the valuation.

Business

If the fed finds inflation to be the most significant problem in the economy and it wishes to employ

all its

Question

If the fed finds inflation to be the most significant problem in the economy and it wishes to employ all its

policy instruments except interest on reserves,explain how the fed should implement its three policy tools to contain inflation .

focus on the following questions:

· What are the different policy tools the fed uses to address significant economic problem?

· What problems can inflation cause in an economy?

· Which policy tool or combination of policy tools would work best to contain inflation?

Does the policy tool or combination of policy tools differ in case of low inflation

Economics

Which term best defines the pricing difference between monopolistic competition and competitive

Question

Which term best defines the pricing difference between monopolistic competition and competitive

markets?

markdown

markup

discrimination

inequity

differentiation

Despite ________ prices than can be reached under perfect competition, monopolistic competition resus in ________ variety than can be reached in any other market.

higher; less

more inefficient; more excessive

lower; greater

lower; less

higher; greater

All of the following are examples of product differentiation, EXCEPT

catchy and memorable television advertisements

perfect substitution for another brand

nationwide availability

exciting and attractive packaging

touting superior quality

Which of the following is evidence of market power?

The firm has perfect control over price.

markup

The demand curve for the firm is horizontal.

Output is fixed despite cost changes.

Optimal output is less than industry output.

When economists say that monopolistic competition drives long-run profits to zero, it implies that the demand curve is ________ to the average total cost curve.

perpendicular

asymmetrical

secant

tangent

parallel

Entry by firms in the long run means that, for a monopolistic competitor, price

decreases.

increases.

always produces a loss.

remains the same.

exceeds marginal revenue.

Siyed, an economics student, believes that a beer sold by one particular shack on the beach is completely different from an identical beer produced by the same factory and sold by the luxury hotel adjacent to the shack. Siyed most likely thinks that

the luxury hotel and the shack are in a perfectly competitive industry.

the luxury hotel and the shack are in a monopolistically competitive industry.

the luxury hotel is a monopoly seller of the beer.

while beer is homogeneous, the product is differentiated among the sellers.

the shack is in a perfectly competitive industry, but the luxury hotel is in an oligopoly industry.

When a perfectly competitive firm or a monopolistically competitive firm is making zero economic profit

the price of the output will rise in the long run.

market demand shifts to the right.

those firms who don’t differentiate their product sufficiently will want to leave the market.

those firms who wish to differentiate their product more will want to enter the market.

the industry is in equilibrium; no firms will want to enter or exit.

A unique feature of monopolistic competition is

similar products

significant barriers to entry and exit

many sellers

differentiated products

free entry and exit

With monopolistic competition, firms have demand curves that are ________ the lowest possible cost.

above

unrelated to

identical to

below

correlated with

Examining the cost, revenue, and demand curves for a monopolistic competitor reveals that, at optimal output, the demand curve lies above the average total cost curve. Which of the following is true?

Firms will exit the industry in the long run.

Firms will enter the industry in the long run.

There is not enough information because demand is an imperfect benchmark for measuring profitability.

There is an economic loss in the long run.

There is economic profit in the long run.

The gap between the actual quantity produced by a monopolistically competitive firm and the optimal quantity in a competitive market is known as

insufficient capacity.

excess capacity.

inefficient scale.

flux capacity.

markup.

If a monopolistically competitive firm wants to maximize profits, it will increase production until marginal

revenue equals marginal cost.

revenue equals average revenue.

revenue equals average total cost.

cost is greater than marginal revenue.

revenue is greater than average variable cost.

Advertising is designed to

cause the income elasticity of consumers to become zero.

decrease the price elasticity of demand for the industry, but have no effect on the firm’s demand.

increase the price elasticity of demand for the industry and shift the firm’s demand curve rightward.

decrease the price elasticity of demand for the firm and shift the firm’s demand curve rightward.

increase the price elasticity of demand for the firm and shift the firm’s demand curve rightward.

When would advertising be least effective for an individual firm?

Never; advertising is equally effective in all industries.

in a perfectly competitive industry

in a monopoly industry

in a monopolistically competitive industry

in an oligopolistic industry

A franchise might be worth $1 million or more because

it guarantees the owner a long-run economic profit.

it allows the franchisee to sell a homogeneous product.

it gives the owner a pure monopoly.

it guarantees the owner positive economic profit.

product differentiation resus in brand loyay, which can be very profitable.

Monopolistic competition means that

firms differentiate their output, which makes them price makers, but barriers to entry are low or nonexistent.

firms are in perfect competition, but they collude similar to monopolies.

oligopoly firms collude until they become monopolies.

firms have downward-sloping demand.

firms are in a monopoly, but they compete.

Anderson watches advertising that makes him want to consume Bugles, a corn snack, after he hears that, for Bugles, more is better. Most people consider that all corn snack foods are not the same, and that Doritos and other corn snacks are not perfect substitutes for Bugles. Based on this information, we would most accurately say that this advertising probably caused

Anderson’s demand to be less elastic, and the corn snack industry is likely to be a monopolistically competitive industry.

the corn snack industry demand to be less elastic, and Anderson’s demand was unaffected.

Anderson’s demand to be more elastic, and the corn snack industry is likely to be a monopolistically competitive industry.

the corn snack industry to become a monopoly, whereas prior to advertising, it was probably perfectly competitive.

Anderson’s demand to be less elastic, and the corn snack industry is likely to be a monopoly industry.

According to the discussion in the textbook, Kevin Trudeau

was sued by the Federal Trade Commission (FTC) for false advertising in 1998.

is the former CEO of Enron.

is the former head of the FTC.

is the head of the Securities and Exchange Commission (SEC).

is the former prime minister of Canada.

Demand elasticity for monopolistically competitive firms is best described as

relatively elastic, because differentiation offsets the perfect elasticity of a perfectly competitive market.

monopolistically elastic, as the forces of competition mitigate the market power created by significant entry barriers.

perfectly elastic, because market competition eliminates pricing power.

perfectly inelastic, because differentiation is awarded with monopoly pricing.

competitively inelastic, as the forces of competition generate demand that is not sensitive to changes in price.

Economics

The following

was posted
in
CNBC
on Thursday – July 11.
It is about the Dow Jones and the

Question

The following was posted in CNBC on Thursday – July 11. It is about the Dow Jones and the

Standard Poor’s Index.

The Dow Jones Industrial Average rallied to a record high on Thursday, led by UnitedHeah shares, after testimony by Federal Reserve Chair Jerome Powell this week that signaled easier monetary policy could be implemented later this month.

The 30-stock average broke above 27,000 for the first time in its history, rising 227.88 points, or 0.9% to 27,088.08. The Dow first closed above 26,000 in January of 2018, so it’s been a little more than a year-and-half trek between 1,000 point moves. The gains were largely driven by expectations the Fed will cut rates, insulating the market from a slowing economy and a trade battle with China.

Microsoft has been the best-performing Dow stock since the index’s first close above 26,000, surging around 50% in that time. Visa, Cisco Systems and Nike are also up sharply since then.

This week solidified the fact that the market doesn’t need, it doesn’t want, it’s demanding a rate cut from Powell, said Jeff Kilburg, CEO of KKM Financial. I do have a little bit of caution going into the earnings season because we have some forward-guidance uncertainty with the trade tensions, but the wind in the sails continues to be that dovish stance from Powell.

The SP 500 also posted a record close, rising 0.2% to 2,999.91. The SP 500 made its own milestone on Wednesday when it traded above 3,000 for the first time ever. The Nasdaq Composite slipped 0.1% to 8,196.04.

What is the Dow Jones Industrial Average?

What is the SP 500?

More importantly, are they relevant to real economic growth?

In other words, will the Long Run Aggregate Supply Curve shift right?

If the average worker in American doesn’t own stocks and bonds then how are these indexes relevant to his or her Economic Well-Being?

Florence is considering establishing a business and has developed the following estimates of monthly costs and

Question

Florence is considering establishing a business and has developed the following estimates of monthly costs and

revenues to aid her in her decision-making process. She has decided to house the business in a building that she already owns, ahough she could rent the building to someone else for $1,000 per month. Estimated payments for utilities (electricity, natural gas, water, and telephone) are $475 per month. She will hire one employee at a total cost of $1,100 per month. Inventory is estimated to cost $2,800 per month. Finally, Florence earns $3,000 a month in her current job.

a. How much monthly revenue would Florence have to take in to earn 0 economic profit?

b. Assume that Florence has estimated her monthly revenue to be $9,000. In this case, Florence would earn an accounting profit (loss) of ________, and an economic profit (loss) of ________.

c. Assume instead that Florence does not own a building, and that she will have to rent a building for $1,000 per month (all other estimates remain the same). In this case, assuming an estimated monthly revenue of $9,000, Florence would earn an accounting profit (loss) of ________, and an economic profit (loss) of ________.

Microeconomics

1 An exchange rate system in which the government or central bank has agreed to convert its currency into another

Question

1.An exchange rate system in which the government or central bank has agreed to convert its currency into another

at a fixed rate is called a:

A.floating exchange rate.

B.forced market rate.

C.fixed exchange rate.

D.managed float.

2.A dirty or managed float is:

A.a yearly summary of all the economic transactions between residents of one country and residents of the rest of the world.

B.the sum of the balance of trade, net income on capital held abroad, and net transfer payments.

C.a currency whose value is not pegged, but governments will intervene extensively in the market to keep the value within a certain range.

D.the price of one currency in another currency.

3.Currency held by governments is part of the:

A.official reserves account.

B.capital account.

C.Treasury direct account.

D.current account.

4.An appreciation of the Mexican peso would most likely be a resu of:

A.a decrease in Mexican exports to the United States.

B.an increase in the supply of pesos.

C.an increase of foreign investment in Mexico.

D.a decrease in Mexican imports in the United States.

5.An exchange rate is:

A.a yearly summary of all the economic transactions between residents of one country and residents of the rest of the world.

B.the sum of the balance of trade, net income on capital held abroad, and net transfer payments.

C.the price of one currency in terms of another currency.

D.a currency whose value is not pegged but governments will intervene extensively in the market to keep the value within a certain range.

6.Foreign portfolio investment is included in the _____ account.

A.current

B.direct investment

C.trade

D.capital

Macroeconomics

National Debt Paper US Federal Government Debt

Question

National Debt Paper – US

Federal Government Debt

levels are at historic highs (aggregate debt is now almost $20 Trillion which is almost $61,000 for every man, woman and child in the USA – see webpage below).

Should policymakers work to reduce the national debt? What is the impact of the debt load?

Discuss both short and long term effects. What do you think the role of fiscal (and/or monetary) policy should be in the future to stimulate long-term sustainable economic growth?

Include some key economic indicators such as: unemployment, inflation, interest rates, GDP growth, etc.

Footnote resources and include a bibliography.

http://www.usdebtclock.org/

Disclaimer.
The content in this document are meant to guide the student to answer the question and not
intended to be the final answer. Last Name 2
Federal Debt
Historically, the debt of US has…
Economics

What are some ethical principles related to heart disease? How has these principles led to population disparities?

Question

What are some ethical principles related to heart disease? How has these principles led to population disparities?

How can these disparities be eliminated by aernative principles? How do these aernative principles compare to the Nursing Code of Ethics?

Heart disease is the complex condition that is a leading cause of death worldwide. This is a
disease of affluence and is associated with socio – economic status. There are several ethical…
Other Subjects

Do you agree with the President’s economic policy? The President

Barack
Obama, has executed various policies to

Question

Do you agree with the President’s economic policy? The President, Barack Obama, has executed various policies to

help improve the performance of our nationâs economy. In at least two paragraphs, and based on your emerging knowledge as an economist in training, please discuss which economic policies you advocate and why? You must use one source to support your argument (your source can be either an internet source or a periodical). Remember to also respond to at least one of your classmateâs answers as well. I am not interested in your political leanings. Instead, I’d like for each of you to use your present understanding of macroeconomics to analyze economic policy and how it might affect our lives.

Economics

3) John Gardner is the city planner in a mediumsized southeastern city

The city is considering

Question

3) John Gardner is the city planner in a medium-sized southeastern city. The city is considering

a proposal to award an exclusive contract to Clear Vision, Inc., a cable television carrier. Mr. Gardner has discovered that an economic planner hired a year before has generated the demand, marginal revenue, total cost and marginal cost functions given below:

P = 28 – 0.0008Q

MR = 28 – 0.0016Q

TC = 120,000 + 0.00062

MC = 0.0012Q,

where Q = the number of cable subscribers and P = the price of basic monthly cable service. Conditions change very slowly in the community so that Mr. Gardner considers the cost and demand functions to be reasonably valid for present conditions. Mr. Gardner knows relatively little economics and has hired you to answer the questions listed below.

a. What price and quantity would be expected if the firm is allowed to operate completely unregulated?

b. Mr. Gardner has asked you to recommend a price and quantity that would be socially efficient. Recommend a price and quantity to Mr. Gardner using economic theory to justify your answer.

c. Compare the economic efficiency implications of (a) and (b) above. Your answer need not include numerical calculations, but should include relevant diagrams to demonstrate deadweight loss.

ASHOKA
PAGE NO
DATE:
Cost
MR
28
C
20
16.8
1410 00
10,000
17. 500
3 5,00 0
price – margind cost is social optimal
Because at This condition There is no
Dead weight loss . But when MR : mc
There will…
Microeconomics

Use economics terms explain in a lot detail Economic Reasoning ActivityMiguel owns a sweater store

Question

use economics terms: explain in a lot detail

Economic Reasoning Activity

Miguel owns a sweater store.

He notices that when the prices of a sweater decrease by 5%, the quantity demanded increases by 7%. If Miguel decreases his prices by another 5%, will this resu in another 7% increase (no more and no less) in quantity demanded? Use economic reasoning in your explanation.

Economics

15 (3 Points)

In the above figure, if the price is $16, a profit-maximizing perfectly competitive firm

Question

15. (3 points) In the above figure, if the price is $16, a profit-maximizing perfectly competitive firm

will

A) produce 50 units.

B) produce 35 units.

C) produce 10 units.

D) choose not to produce.

16. (3 points) In the above figure, if the price is $12, a profit-maximizing perfectly competitive firm will have an economic profit

A) of less than $100 but more than $0.

B) of more than $100.

C) that is negative, that is, it will have an economic loss.

D) of zero, that is, it will break even with a normal profit.

17. (3 points) Using the above figure, of the prices below, which price enables a perfectly competitive firm to earn the maximum economic profit?

A) $4 per unit.

B) $10 per unit.

C) $12 per unit.

D) $16 per unit.

18. (3 points) In the above figure, below what minimum price will a perfectly competitive firm shut down rather than produce?

A) for any price less than $16 per unit

B) for any price less than $12 per unit

C) for any price less than $8 per unit

D) for any price less than $4 per unit

201
MC
18
ATC
AVC
Price and cost ( dollars per unit )
DO ON A Q
a
D
2
O
5 10 15 20 25 30 35 40 45 50
Quantity ( units per day )
Microeconomics

1 Douglas McCauley argues we should protect natural resources by valuing A Their carbon storage

Question

1- Douglas McCauley argues we should protect natural resources by valuing:

A- Their carbon storage

capacity.

B- Their ability to remove air pollution.

C- Their cuural significance to humans.

D- Their structural worth.

2- Imagine that the i-Tree program was used to determine the value of an urban tree island. Given the abilities and limitations of the i-Tree program, if the parcel is adjacent to high-value commercial real estate, the most likely outcome is:

A- i-Tree will correctly value the trees and land as being of far less economic value than a commercial use of the trees and land

B- i-Tree will incorrectly assess the true value of the trees and land because it does not assign monetary values for their inherent natural qualities.

C- i-Tree will be of no use because the only value of the trees and land is aesthetic and cuural.

D- i-Tree will correctly value the trees and land as being of far more economic value than a commercial use of the trees and land.

3- Many communities are considering river floodplain restoration as a viable aernative to floodwalls and other engineering solutions. The use of natural system restoration:

A- Will be less cost effective in the long term.

B- Will provide both flood control and ecosystem function benefits.

C- Will always be more expensive than engineered solutions.

D- Will always be cheaper than engineered solutions.

4- An ideal valuation model achieves the following:

A- The model output always finds the cheapest solution, whether engineered or natural.

B- The model output always promotes intact ecosystems rather than engineered solutions.

C- The model output incorporates both ecosystem-service values and aesthetic and cuural values.

D- The model pits the environment versus the economy.

Science

Hi

I am working on a case report and having some challenges answering the below portions for my case.

Question

Hi,

I am working on a case report and having some challenges answering the below portions for my case.

These below questions are part of a 20 single spaced page report that I am working on in regards to Cooper Tire (case attached). The only source we are able to use is the attached case and the support/help I am looking for is point form notes for each of the below sections (also keep in mind that these notes will contribute to about 5 single spaced pages once I put into paragraph form).

The below external factors:

What are the strategically relevant factors in the macro-environment? (PESTEL analysis PESTEL = PEST + Environmental + Legal)

What are the industry’s strategy-shaping economic features? (Dominant Economic Features analysis)

What factors are driving industry change, and what impact will they have? (Driving Forces analysis)

How are the industry rivals positioned in the market? (Strategic Group Map analysis)

What are the industry’s key success factors? (KSF analysis)

Is the industry outlook conducive to good profitability? (overall summary conclusions of relevant findings) This is where to tie in the company’s prospects with your industry findings.

The below internal factors:

Identify and analyze key performance indicators (will include indicators for both financial and strategic objectives; financial resus should include a summary of relevant facts from your financial analysis).

1. What are the strategically relevant factors in the macro-environment? (PESTEL
analysis PESTEL = PEST + Environmental + Legal)
Basing on PESTEL there are numerous factors to be analyzed in order…
Business

According to the articles and the data what is Brazil’s fiscal policy problem in 2018?a The deficit is too

Question

According to the articles and the data, what is Brazil’s fiscal policy problem in 2018?

a.The deficit is too

large as a share of GDP, and spending cuts are needed. This policy will bring the output back down to potential, and reduce the unemployment rate.

b.The deficit is too large as a share of GDP. Spending cuts are needed, but output is less than potential, so this policy could increase an already high unemployment rate.

c.The deficit is too small compared to GDP. Spending increases are needed, and this will help solve the problem of high unemployment, by increasing real GDP growth and bring output back towards potential.

d.The deficit is too small compared to GDP. Spending increases are needed. This policy will push output further above potential, and raise an already too high unemployment rate.

Wall Street Journal, Feb. 28, 2019

SÃO PAULO—Brazil’s economic growth disappointed in 2018 after a truckers strike almost halfway through the year slammed manufacturing, and government- and consumer-spending restraint sapped demand. The 10-day strike at the end of May, during which truckers blockaded highways around the country, haed shipments to factories, shops and hospitals and hurt Brazil’s key agricuural sector by slowing exports and deliveries of needed supplies. Brazil held presidential elections in October, and the outcome was unclear for months before voting, pushing many of the country’s businesses to hold back on investment. An economic crisis in neighboring Argentina, a major market for Brazilian industrial exports, also hit demand for those products. All those things have negative effects on growth, said Pedro Ramos, head of economic analysis at Porto Alegre-based financial cooperative Sicredi, adding that Brazil has passed through several tumuuous years that have included a deep recession, a president being impeached and removed from office and a giant corruption scandal centered on the country’s biggest company and its construction industry. It’s hard for the economy to grow, to find companies to invest here, with so much volatility, he said. Former President Michel Temer, who took office in 2016 after President Dilma Rousseff was ousted, reined in spending as he struggled to control the budget deficit and reduced domestic demand as a resu. Government spending was stagnant in 2018 compared with 2017, according to the IBGE. With the inauguration on Jan. 1 of President Jair Bolsonaro, after an election campaign in which the law-and-order candidate also promised to make changes to the country’s insolvent pension system, economists and investors are cautiously optimistic about growth in 2019. Indeed, some businesses in Brazil say they already saw a change in sentiment starting in the fourth quarter of last year, after Mr. Bolsonaro’s lopsided election victory, and economists are forecasting economic growth of about 2.5% in 2019.

Wall Street Journal, March 29, 2019

BRASÍLIA—Brazilians elected former army captain Jair Bolsonaro as their president on his resolute oath to end a political cuure of kickbacks and backroom wheeling and dealing. His administration, trying to build a majority in congress to approve a vital pension-system overhaul, has been delayed by feuds with the leaders of an alphabet soup of small parties that demand jobs in exchange for votes. There are 12 million people unemployed, 15 million living below the poverty line, the government’s investment capacity is shrinking, 60,000 murders, said Lower house speaker Rodrigo Maia. And he keeps pretending he is governing. However legitimate Mr. Bolsonaro’s political experiment may be, the Brazilian economy can’t get help soon enough. Since 2014, the government has been borrowing to cover expenses, pushing public debt to nearly 80% of total output. Previous presidents have tried—and failed—to fix the main culprit: an insolvent pension system that allows many public servants to retire in their mid-50s on full salaries. With pension spending now taking up about 44% of the federal budget, many economists see Mr. Bolsonaro’s pension-reform bill as the last hope to avert a financial crisis in Latin America’s biggest economy. Last month, Mr. Bolsonaro’s administration presented a bill that would impose a minimum retirement age and raise contributions, saving the country about $270 billion over the next decade according to government calculations. For the bill to pass, Mr. Bolsonaro needs to secure the support of more than three-fifths of votes in both houses of congress. Investors are skeptical that he will succeed. Brazil’s currency sank near a six-month low this week over worries that the pension reform would be delayed and watered-down.

Macroeconomics

From the Federal Open Market Committee statement consider the Fed’s statutory mandate

also known as its dual

Question

From the Federal Open Market Committee statement, consider the Fed’s statutory mandate, also known as its dual

mandate. Which of the following best describes the Fed’s policy goals under its mandate?

a.An inflation rate near 0% (stable prices) and output equal to potential, which means an unemployment rate of about 5%.

b.An inflation rate near 2% and output above potential, which means an unemployment rate less than 5%.

c.An inflation rate near 0% (stable prices) and output above potential, which means an unemployment rate less than 5%.

d.An inflation rate near 2% and output equal to potential, which means an unemployment rate of about 5%.

Federal reserve statement:

Information received since the Federal Open Market Committee met in December indicates that the labor market has continued to strengthen and that economic activity has been rising at a solid rate. Job gains have been strong, on average, in recent months, and the unemployment rate has remained low. Household spending has continued to grow strongly, while growth of business fixed investment has moderated from its rapid pace earlier last year. On a 12-month basis, both overall inflation and inflation for items other than food and energy remain near 2 percent. Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. In support of these goals, the Committee decided to maintain the target range for the federal funds rate at 2-1/4 to 2- 1/2 percent. The Committee continues to view sustained expansion of economic activity, strong labor market conditions, and inflation near the Committee’s symmetric 2 percent objective as the most likely outcomes. In light of global economic and financial developments and muted inflation pressures, the Committee will be patient as it determines what future adjustments to the target range for the federal funds rate may be appropriate to support these outcomes. In determining the timing and size of future adjustments to the target range for the federal funds rate, the Committee will assess realized and expected economic conditions relative to its maximum employment objective and its symmetric 2 percent inflation objective. This assessment will take into account a wide range of information, including measures of labor market conditions, indicators of inflation pressures and inflation expectations, and readings on financial and international developments.

Macroeconomics

***Please note this is a past exam question used for selfstudy I can’t find any reference to breaking the honour

Question

***Please note this is a past exam question used for self-study, I can’t find any reference to breaking the honour

code***

A Government seeks to pursue ‘stronger growth to create more jobs’. In part, the policies designed for improving economic growth consists of a focus on the following elements:

  1. lower taxes to support growth
  2. building a smart economy by investing in science and technology
  3. delivering major transport infrastructure
  4. a world heah industry leader
  5. securing access to export markets
  6. backing our farmers

How do the typical determinants of economic growth compare and contrast with these factors?

Economics

I need a 2 100word economic outlook forecast that includes the following

Question

I need a 2,100-word economic outlook forecast that includes the following:

ECONOMIC OUTLOOK FORECAST PAPER The GDP Analysis
Is the total value of goods produced in a given country? The GDP measures the economy of a
given state or a given country. The GDP grows yearly in…
Economics

The articles about Europe mention that the European Central Bank (ECB) recently reversed its policies What was

Question

The articles about Europe mention that the European Central Bank (ECB) recently reversed its policies. What was

this policy reversal, and why was it made?

a.The ECB had recently started buying bonds, intending to reduce interest rates. Now it has postponed the interest rate cuts. The ECB did this because Inflation was below target and manufacturing output is falling.

b.The ECB had recently started buying bonds, intending to reduce interest rates. Now it has postponed the interest rate cuts. The ECB did this because Inflation was above target and manufacturing output was rising too fast.

c.The ECB had recently stopped buying bonds, intending to raise interest rates. Now it has postponed the interest rate increase. The ECB did this because Inflation was below target and manufacturing output is falling.

d.The ECB had recently stopped buying bonds, intending to raise interest rates. Now it has postponed the interest rate increase. The ECB did this because Inflation was above target and manufacturing output was rising too fast.

LONDON — The eurozone economy received a double dose of bad news Monday as inflation fell further away from the European Central Bank’s (ECB) target and a closely monitored survey showed the crucial manufacturing sector shrinking at its fastest rate in six years. The developments suggest Europe is struggling to cope with global trade tensions and the uncertainty of Brexit, among other things. They are also likely to cause concern among policymakers at the ECB. In an acknowledgement of the more challenging economic environment, the ECB last month delayed the earliest date for any rate increases and announced plans to offer banks cheap loans. Rate-setters are particularly concerned by stubbornly low inflation even after solid economic growth over the past few years has helped lower unemployment to decade-low rates. Monday’s official figures from statistics agency Eurostat showed consumer prices rose by only 1.4 percent in the year to March, down from 1.5 percent the previous month. The ECB aims for an inflation rate of just below 2 percent. There was further disappointing news from financial information IHS Markit, which publishes monthly surveys into the eurozone economy that feed into the ECB’s policymaking deliberations. It found that the eurozone purchasing managers’ index for the manufacturing sector — a broad gauge of economic activity — fell to 47.5 points in March from 49.3 the previous month. Anything below 50 indicates a contraction in activity and March’s level points to a 1 percent monthly decline in output. March’s rate is the lowest since April 2013 and stemmed from particularly weak levels of new orders. Looking at the forward-looking indicators, downside risks have intensified, and the trend could clearly deteriorate further in the second quarter, said IHS Markit’s chief business economist, Chris Williamson. Concerns over trade wars, tariffs, rising political uncertainty, Brexit and perhaps most importantly deteriorating forecasts for the economic environment both at home and in export markets, were widely reported to have dampened business activity and confidence.

FRANKFURT, Germany — The European Central Bank is ready to take further action to help the economy if the outlook takes a sudden turn for the worse, bank President Mario Draghi said Wednesday. Speaking at a conference on monetary policy held by Frankfurt’s Goethe University, Draghi said the economy of the 19 countries that use the euro faced pervasive uncertainty from a slowdown in global trade, while domestic demand remained robust. He said the bank could respond to weaker than expected inflation by adjusting its timetable for interest rate increases. Right now, the ECB says rates will not rise before the end of the year. The bank’s benchmark rate for lending to banks stands at a record low of zero. The rate on deposits left at the ECB by commercial banks is minus 0.4 percent — in effect a penay aimed at pushing banks to lend excess cash rather than let it pile up at the ECB. The ECB uses its interest rate benchmarks to steer the cost of borrowing for banks, and, through that, borrowing costs for businesses and consumers. Lower rates should encourage borrowing and more economic activity. The central bank took steps at the March meeting to maintain a strong level of stimulus, changing course just a few weeks after phasing out a massive stimulus program that it had carried on for almost four years and through which it had bought 2.6 trillion euros ($2.9 billion) in bonds. The shift followed a similar change of stance by the U.S. Federal Reserve, which has paused its series of rate increases amid fears about the heah of the global economy. Recent economic indicators have sent mixed signals. A survey of manufacturing activity in the eurozone pointed sharply down, while employment figures and wages continue to improve. Unemployment is at 7.8 percent, the lowest since October 2008. The European Union’s executive commission forecasts 1.3 percent growth in gross domestic product for the eurozone economy this year. An important worry for export-oriented Europe is the possibility that the U.S. and China will fail to work out their trade disagreements and wind up imposing more tariffs, or import taxes, that would further slow global trade. Another threat is the possibility that Britain could leave the European Union without a negotiated agreement to smooth the transition. A no-deal Brexit could lead to new tariffs and customs checks that would disrupt the movement of goods and parts.

Macroeconomics

The East Asian realm has experienced rapid economic development recently The economic growth rate is higher than

Question

The East Asian realm has experienced rapid economic development recently. The economic growth rate is higher than

that of other realms. In particular, China’s economy -has changed from 10th to 2nd place globally. We read about the BRICs earlier in the semester. BRIC refers to the emerging markets of Brazil, Russia, India, and China. We also have read about China’s increasing role in other realms, particularly South America and Africa. What are some of the political, social, economic and environmental impacts from the rapid economic growth?

Use at least two (2) internet sources in your discussion forum; Wikipedia or other online encyclopedias cannot be used as a source. You must create a new thread to discuss economic development, and then respond to comments posted by at least two other students. Remember to cite your internet source using MLA format.

Student’s Name
Instructor’s Name
Course Title
Date
Topic: What are some of the political, social, economic and environmental impacts from the
rapid economic growth? INTRODUCTION
It’s no…
Science

Select a news article on an economic topic from the Wall Street Journal the New York Times or the Economist dated

Question

Select a news article on an economic topic from the Wall Street Journal, the New York Times or the Economist dated

within the previous two months and analyze the issue using the economic concepts and theory learned in this class. Possible concepts include:

taxes, consumer or producer surplus, and welfare

demand, supply, and equilibrium price of a particular product or products

total benefit and cost curves

production function and isocost curves

long-run and short-run costs

indifference curves, indifference curves and budget line

price elasticities of supply and demand, or income elasticity, on a particular product or products

perfect competition and imperfect competition, such as monopolies

Taxes
Any government tax unrelated to the interest rate shifts the aggregate demand
function upward since the when the taxes are low the prices of goods and services
will be also lower at the…
Economics

1 MonopoliesMeyer describes the good the bad and the ugly aspects of monopolies Describe each of these

Question

1. Monopolies

Meyer describes the good, the bad and the ugly aspects of monopolies. Describe each of these.

In thinking about the Economist article about the internet monopolies, can you recognize any of these good, bad and ugly aspects of monopolies with respect to the internet giants that you deal with as a consumer?

2. A Dream Job?

Assume that you are a budding chef, and you want to change careers to run a gourmet food truck – the job of your dreams. You use Chapter 7 from Everything Economics as a guide to help you to decide whether to quite your current job. Assume that your current job pays $16,000 per year. Answer the questions below.

1. What types of items would make up your fixed costs? Assume that these total $6,000 per year.

2. What types of items would make up your variable costs? Assume that these total $8,000 per year.

3. What is your opportunity cost?

3. Assume a total sales revenue of $24,000 – what is your accounting profit?

4. What is your economic profit?

5. Will you quit your job to start running the food truck?

6. What other decision factors are left out of this problem?

Economics

Question 01 a) Why is a typical supply curve upward sloping?b) Farmers who sell

Question

Question 01:

a) Why is a typical supply curve upward sloping?

b) Farmers who sell

agricuural products are like wheat and wool are price takers. That is, they sell their prouce at the market price. What happens to the supply of wheat when the Market price falls? Why?

Question 02:

Imagine you get a pay rise that trebles your income. What would you do with it? Or, to put the question in economic terms, would the pay rise shift your demand curves to the right?

Question 03:

Explain the oligopoly market structure. What are its characteristics? Explain two behavioral patterns of oligopolistic firms and why they behave in such ways. Give an example of an oligopoly market in Australia and how it fits in with the characteristics of the oligopoly market structure.

Question 04:

What did the classical economists believe was the cause of unemployment levels of over 20% during the great depression? What was their solution?

Economics

1)

Compare economic and ecological approaches to valuation of the environment. What factors should we

Question

1) Compare economic and ecological approaches to valuation of the environment. What factors should we

consider to value our environment?

Science

Develop an economic model including appropriate diagrams to assess the effects of a technological change (which

Question

Develop an economic model, including appropriate diagrams, to assess the effects of a technological change (which

must be properly referenced), on firm decisions and world market outcomes. In your answers, assume that the world market is the only relevant market for the industry.

Running head: IRON ORE INDUSTRY 1 Iron ore industry
Name
Institution IRON ORE INDUSTRY 2
Iron ore industry According to Weng, (2013), iron ores refers to minerals and rocks from which extraction
of…
Economics

Question 01 Jim the financial advisor is in partnership with his friend George They own a

Question

Question 01:

Jim the financial advisor is in partnership with his friend George. They own a

small private practice. In 2019 their business made $360,000 in revenue from clients. Both partners have a secretary that was paid a salary of $55,000 including super. Rent and other business expenses for the shop premises were $60,000. Jim is also a qualified economist and could have earned $80,000 over the year working for the state government. Assume Jim and George split profit evenly.

Required:

i. What is Jim’s accounting profit for 2019?

ii. What is Jim’s economic profit for 2019?

Question 02:

Explain the relationship between economic growth, unemployment and inflation. When economic gorwth is strong what will usually happen to inflation and unemployment? Why? When economic growth is weak or negative, what typically happens to the unemployment and inflation rates? Why?

Business

Please answer these questions basic on the book

Daron Acemoglu and James A. Robinson, Why Nations

Question

Please answer these questions basic on the book Daron Acemoglu and James A. Robinson, Why Nations

Fail: The Origins of Power,Prosperity, and Poverty New York: Crown Publishers, 2012.

250words each

2. Compare and contrast the explanations of Allen with those of Acemoglu and Robinson asto why since 1800 to today some nations have become rich and richer and others havestayed relatively poor, that is, the so-called Great Divergence. Which approach, if any, doyou find more convincing? Explain.

3. Foreign aid does not get at the roots of world inequality and poverty, which lie in extractiveand authoritarian economic and political institutions and regimes. Providing foreign aid tosuch regimes is not a solution to world poverty, because inclusive economic and politicalinstitutions cannot be engineered by foreign aid. They require grassroots empowerment.Critically discuss, giving some examples

6. Extractive institutions tend to lead to even more extractive institutions. Power leads toweah, and weah buys more power. Power tends to corrupt, and absolute power corruptsabsolutely. The resu is a vicious circle, often sowing the seed of civil wars, economic ruin,political chaos, human suffering, descent into lawlessness, and state failure. Discuss,giving some examples.



1
Why Nations Fail: The Origins of Power, Prosperity and Poverty.
Question 2
James Robinson and Daron Acemoglu make a conclusive statement that it is the manmade economic and political institutions…
Economics

What might be an example of a more elastic good?What might be an example of a more

Question

  • What might be an example of a more elastic good?
  • What might be an example of a more

inelastic good? Explain why.

  • What importance do you feel it is for firms to understand the elasticity of their products they are selling?
    • What are some possible investment choices as an individual?
    • What factors influence your decision on what to invest in?
    • How does the economic climate affect what you invest in?

    Economics

    Explain the Economic Environment in the country JAPAN in the present day (20182019)

    Question

    Explain the Economic Environment in the country JAPAN in the present day: (2018-2019)

    Economic System

    · Capitalist system or centrally planned economy?

    · What is the role of the government in the economy?

    National Weah

    · Gross Domestic Product (GDP)

    · GDP growth and GDP per capita

    · Distribution of weah

    Other Macroeconomic Fundamentals

    · Inflation

    · Exchange Rate and interest rates

    · Unemployment rate

    Industrial Structure

    · Relative importance of agricuural, manufacturing, and service sectors in the economy

    · Principal industries

    International Trade

    · Principal Exports

    · Principal Imports

    · Foreign investment

    Entrepreneurship

    1 Lilly’sLumberyardhadthefollowingrevenuesandcostslastyear CostsLumber supplies

    Question

    1. Lilly’sLumberyardhadthefollowingrevenuesandcostslastyear:

    Costs

    Lumber supplies

    $80 000

    Building rent

    $40,000

    Utilities insurance $20, 000

    Employee salaries $150,000

    Lilly’s salary $110,000

    Revenues $400 000

    If Lilly did not own a lumberyard, she would earn $115,000 per year as a store manager for Home Depot. Lilly’s Lumberyard had an economic cost of _____ and an economic profit of _____.

    A) $225,000;-$75,000

    B) $400,000;$35,000 C) $405,000;-$5,000

    D) $210,000;$0

    1. Which of the following statements is (are)TRUE?

    A) I,II, and III

    B) III

    C) II,III, and IV

    D) III and IV

    Microeconomics

    1In the figure the firm is a monopolistically competitive firm In the long run its economic

    Question

    1-In the figure, the firm is a monopolistically competitive firm. In the long run, its economic

    profit will be

    A.zero.

    B.some amount that cannot be determined without more information

    .C.between zero and $50 per day.

    D.greater than $50.0 per day

    2-in the figure, the firm’s economic

    A.profit will be greater than $30.01 per day.

    B.loss will be $30 or less per day.

    C.loss will be greater than $30 per day.

    D.profit will be between $0 and $30 per day

    he below graph shows the monopolistically competitive firm in long-run equilibrium. The difference between Q1 and Q2 is called ______ and the reason the firm will not produce at Q1 is ______.

    A.Limited capacity; the firm cannot maintain Q1 level of output in long-run

    B.Nash level of capacity; Q1 level of output is a short-run equilibrium

    C.Optimal capacity; the firm does not have enough capacity to produce at this level

    D.Excess capacity; expanding beyond Q2 lowers profits

    Price and costs (dollars per unit)
    MC
    ATC
    MR
    D
    20
    40
    60
    80
    100
    120
    Quantity (units per day)
    Macroeconomics

    An oil drilling company AccuDrill wear out drill at a rate of 4 per day The drill is operated 5 days a week 50

    Question

    An oil drilling company, AccuDrill, wear out drill at a rate of 4 per day. The drill is operated 5 days a week. 50

    weeks a year. The bits cost $70 each, and the annual holding cost is 18 percent of purchase price. Ordering cost is $10 for each order. Assume the usage rate of drill bits is constant. Determine the following: show detail of your work

    a. Annual demand for drill bits.

    b. The economic order quantity

    c. Maximum inventory of bits, assume no safety stock

    d. the frequency with which drills are reordered

    e. suppose a review of this process indicate that holding costs have increase to 25 percent due to increased opportunity costs, and that order is $12, what EOQ would now be appropriate?what cost penay would company incur by staying with former EOQ?

    Cost Accounting

    In the fall of 2008 the U S stock market plummeted several times with grave consequences for the world economy

    Question

    In the fall of 2008, the U.S. stock market plummeted several times, with grave consequences for the world economy.

    A researcher might assess the economic effect this situation had by seeing how much money people saved in 2009. That amount could be compared to the amount people saved in more economically stable years. How might you operationalize the economic implications at a national level?

    Statistics and Probability

    An increase in savings in the United States would

    decrease the rate of economic growth as consumer

    Question

    An increase in savings in the United States would

    decrease the rate of economic growth as consumer

    spending decreases.

    increase economic growth as capital investment increases.

    decrease the rate of economic growth as resources go unused.

    increase economic growth as investment spending increases.

    decrease economic growth due to the decrease in GDP.

    Macroeconomics

    A in favor of the use of monetary policy to resolve economic challenges but not fiscal policy b in favor

    Question

    a. in favor of the use of monetary policy to resolve economic challenges, but not fiscal policy.

    b. in favor

    of the use of fiscal policy to resolve economic challenges, but not monetary policy.

    c. in favor of using both fiscal policy and monetary policy simuaneously and in coordination with each other to resolve economic challenges.

    d. in favor of no government or agency (FED) interference with the operation of the free market.

    Finance

    1 Economic growth is measured annually using the

    change in RGDP for the year.

    change in

    Question

    1.Economic growth is measured annually using the

    change in RGDP for the year.

    change in

    productivity for the year.

    percentage change of RGDP for the year.

    change in capital investment for the year.

    Percentage change in capital investment for the year.

    2.Sources of economic growth would include an increase in

    consumer spending.

    GDP.

    worker education.

    government spending.

    financial investment.

    Macroeconomics

    Castle Inc has no debt outstanding and a total market value of $240 000 Earnings before interest and taxes

    Question

    Castle, Inc., has no debt outstanding and a total market value of $240,000. Earnings before interest and taxes,

    EBIT, are projected to be $36,000 if economic conditions are normal. If there is strong expansion in the economy, then EBIT will be 20 percent higher. If there is a recession, then EBIT will be 25 percent lower. The firm is considering a debt issue of $155,000 with an interest rate of 6 percent. The proceeds will be used to repurchase shares of stock. There are currently 6,000 shares outstanding. Ignore taxes for this problem.

    a-1. Calculate earnings per share, EPS, under each of the three economic scenarios before any debt is issued. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)

    Finance

    18 If consumers expect a shortage of consumer goods in the future what will happen to output and price

    Question

    18.

    If consumers expect a shortage of consumer goods in the future, what will happen to output and price

    level?

    Output / Price Level

    Increase / Increase

    Increase / Decrease

    Increase / No Change

    Decrease / Increase

    Decrease / Decrease

    19.

    If the economy was operating at P1Y1, then

    the economy is at full employment of resources.

    employment is less than full employment.

    inflation is greater than 5%.

    the economy is above full employment of resources.

    the economy is in equilibrium.

    20.

    A change in aggregate demand from AD5 to AD6 will resu in

    an increase in output and no change in price level.

    an increase in output and price level.

    no change in output and an increase in price level.

    a decrease in output and price level.

    a decrease in output and no change in price level.

    21.

    A change in short-run aggregate supply from AS3 to AS1 can be caused by

    a decrease in productivity.

    a decrease in consumer weah.

    a decrease in the degree of excess capacity.

    an increase in consumer confidence.

    a decrease in business taxes.

    22.

    In order to counter the current recession, Congress increases welfare and unemployment transfers. What is the short-run impact of the government’s actions on price level and output?

    Price Level / Output

    Increase / Increase

    Increase / Decrease

    Decrease / Decrease

    Decrease / Increase

    No change / Increase

    23.

    If personal income increases,

    aggregate demand will increase and shift left.

    aggregate demand will decrease and shift left.

    aggregate demand will increase and shift right.

    aggregate demand will decrease and shift right.

    there will be a movement along the aggregate demand curve.

    24.

    Assume the economy is operating at P2Yf. Which of the following would cause a shift to bring the economy to P1Y2?

    Real wages fall.

    Productivity increases.

    Personal income taxes decrease.

    Transfer payments decrease.

    A major hurricane hits the southeastern United States.

    25.

    If real GDP is $150 billion, full employment GDP is $600 billion, and the marginal propensity to consume is 0.8, then Congress should

    decrease taxes by $450 billion.

    increase taxes by $112.5 billion.

    decrease government purchases by $90 billion.

    increase government purchases by $90 billion.

    increase government purchases by $450 billion.

    26.

    Which of the following illustrates the most correct cause and effect chain for a decrease in taxes?

    C increases, shifting AD to the right, increasing output and price level

    C increases, shifting AD to the right, increasing output and decreasing price level

    DI increases, increasing C, increasing output and price level

    DI increases, increasing C, shifting AD to the right, increasing output and price level

    DI increases, increasing C, shifting AD to the right, increasing output and decreasing price level

    27.

    Which of the following illustrates the most correct cause and effect chain for an increase in taxes?

    C decreases, shifting AD to the right, decreasing output and price level

    DI decreases, decreasing C, shifting AD to the left decreasing output and increasing price level

    DI decreases, decreasing C, shifting AD to the left decreasing output and price level

    DI decreases, decreasing C, shifting AD to the right, increasing output and price level

    DI decreases, decreasing C, shifting AD to the right, decreasing output and increasing price level

    28.

    If Congress wants to close a recessionary gap, which policy is matched to the resuant change in output and price level?

    Policy / Price Level / Output

    Decrease Spending / Increase / Increase

    Decrease Taxes / Increase / Increase

    Increase Spending / Decrease / Decrease

    Increase Taxes / Decrease / Decrease

    Increase Spending / Decrease / Increase

    29.

    Which of the following would cause an increase in economic growth?

    An increase in the quality of human capital and a decrease in investment spending.

    A decrease in the quantity of human capital and an increase in capital investment.

    An increase in the real interest rate and an increase in investment spending.

    An increase in labor productivity and an increase in capital investment.

    An increase in spending on education and training and an increase in the real interest rate.

    30.

    Economic growth is most often measured by

    a change in real GDP.

    the stock market.

    the standard of living in the nation.

    the real GDP per capita.

    the size of the working population.

    Macroeconomics

    How can fiscal monetary and

    exchange
    rate policies be used to stimulate and sustain economic growth in Africa?

    Question

    How can fiscal, monetary and exchange rate policies be used to stimulate and sustain economic growth in Africa?

    Discuss each policy using the demand and supply side effects of the various policies and limitations of each policy.

    Economics

    Discussion Answer each section below in separate paragraphs A 1 Assume you

    Question

    Discussion: Answer each section below in separate paragraphs.A.

    1. Assume you

    are in charge of fiscal policy. A slowdown in the economy occurs, and in an effort to try to stimulate the economy via expansionary fiscal policy, you can choose to implement either a reduction in overall taxes or an increase in government spending, but not both. Which one will you implement because you believe it will be the most effective in stimulating the economy? Explain why.

    2. Every year the national debt continues to rise as a resu of the federal government spending more money than it takes in through taxes. Explain whether you favor or oppose the yearly increase in government spending beyond what it collects in taxes despite its impact on the national debt.

    While putting together your response, also keep in mind that if you favor such increases in spending, not only will the debt rise, but price inflation will occur and the pressure to raise taxes will also come into play. On the other hand, if you oppose increases in spending, this likely means cutting some government programs that benefit various people.

    B. For a smaller country that seeks to improve its overall economy and economic standard of living for its people, would you recommend that it accept more foreign investment in the country such as foreign organizations setting up operations in the country, or would you recommend that the smaller country simply accept aid from such entities as the United Nations and the World Bank and avoid foreign investment? The country cannot do both, so choose one or the other and explain why you believe it is the best way to stimulate more growth and improve the standard of living for the smaller country.

    Economics

    If the nominal interest rate was 10 percent in 2008 and inflation was 3 percent then the real interest

    Question

    If the nominal interest rate was 10 percent in 2008 and inflation was 3 percent, then the real interest

    rate was?

    3 percent.

    4 percent.

    7 percent.

    10 percent.

    13 percent.

    Question 20

    With an MPC of .75, the government spending muiplier will be?

    1.

    2.

    4.

    5.

    8.

    Question 21

    Economists who advocate the Keynesian theory of economics would say that prices and wages are?

    sticky and decreases in AD will decrease employment.

    sticky and decreases in AD will decrease unemployment.

    flexible and decreases in AD will decrease employment.

    flexible and decreases in AD will decrease unemployment.

    flexible and increases in AD will increase unemployment.

    Question 22

    Refer to the graph above of a country’s production possibilities curve. If three video iPods™ are currently being produced, the opportunity cost of producing the fourth video iPod™ would be?

    90 video cell phones.

    50 video cell phones.

    40 video cell phones.

    30 video cell phones.

    20 video cell phones.

    Question 25The election of a new president resued in a significant increase in business confidence regarding the economy. How will this new confidence impact the loanable funds market in the short run?

    Demand for Loanable Funds / Real Interest Rate

    Increase / Increase

    Increase / Decrease

    Increase / No Change

    Decrease / Decrease

    Decrease / Increase

    Question 27 If nominal interest rate equals 12 percent and inflation is 4 percent, then nominal and real interest rates are respectively?

    12 percent and 8 percent.

    12 percent and 16 percent.

    16 percent and 8 percent.

    16 percent and 12 percent.

    8 percent and 4 percent.

    Question 29

    A decrease in economic growth would be graphically represented by?

    a decrease in the PPC and AD.

    a decrease in the PPC and LRAS.

    a decrease in the AD and SRAS.

    a decrease in the LRAS and AD.

    a decrease in the LRAS and SRAS.

    Question 30?

    Economic growth would decrease if?

    consumer spending decreased.

    employee wages increased.

    floods ravaged the manufacturing sector in the north.

    government spending decreases significantly.

    the number of imports increased.

    Macroeconomics

    1 In a paragraph distinguish between positive statements and normative statements in economics 2

    Question

    1. In a paragraph, distinguish between positive statements and normative statements in economics.

    2.

    Categorize each of the following statements as being the resu of either positive economic analysis or normative economic analysis:

    a) A higher minimum wage will reduce employment opportunities for minimum wage workers.

    b) Increasing the earnings of minimum wage employees is desirable, and raising the minimum wage is the best way to accomplish this.

    c) Everyone should enjoy open access to heah care.

    d) Heah care subsidies will increase the consumption of heah care.

    Economics

    1 points

    QUESTION 6

    1. Economists would describe the U.S. automobile

    Question

    1 points QUESTION 6

    1. Economists would describe the U.S. automobile

    industry as:

  • A.purely competitiveB.an oligopolyC.monopolistically competitiveD. a pure monopoly
  • 1 points

    QUESTION 7

    1. According to economic theory, consumption is really only limited by
    2. A.utility
    3. B.substitution effect.
    4. C.budget constraint
    5. D.income effect.

    1 points

    QUESTION 8

    1. Monopolistic competition differs from perfect competition primarily in that, in monoplistic competition
    2. A.There are high barriers to entry.B.There are few sellers.C.Good are differentiated.D.Firms earn long run economic profits.

    1 points

    QUESTION 9

    1. The demand for good x is very inelastic (0.06). To increase total revenue in the short run, the company should probably:
    2. A.Increase price.B.Decrease price.C.Impossible to tell.

    1 points

    QUESTION 10

    Economics

    There are four essay questions for this final examination Answers of at a least a full page are required for each

    Question

    There are four essay questions for this final examination. Answers of at a least a full page are required for each

    and are to be presented in APA format. All opinion must be clearly supported by material covered in the course or in additional scholarly articles of your choice. This final examination must be submitted as a Word document in APA format, with all sources clearly referenced and cited, by 8/16.

    QUESTION #1

    Construct a tutorial that shows users of it how to apply marginal cost and marginal revenue concepts to business operations with the goal of maximized profitability.

    QUESTION #2

    A public park in your area has become badly polluted by trash that users of it leave behind. What economic concept describes this? How can economic incentives be used to significantly reduce the problem?

    QUESTION #3

    Suppose that all countries remove restrictions on monopolies. What are the potential economic advantages of this? What are the potential disadvantages?

    QUESTION #4

    The Trump administration has asked you to develop a new trade agreement between the U.S. and Asian countries. In order to maximize economic benefits to all parties, what features would you include?

    Economic Concepts Student Name
    Professor Name
    Date
    Economic Concepts Economic Concepts 1. Every single level-headed decision at the margin. This hypothetical guideline is educated in
    financial…
    Economics

    Question Can you help on this?1

    Which of the following is

    Question

    Question:Can you help on this?

    1. Which of the following is

    not a factor of production?

    1. Land
    2. Human capital
    3. Physical capital
    4. Labor
    5. Money

    2. A free good is:

    1. something no one wants.
    2. a good provided by the government free of charge.
    3. something people want that isn’t scarce.
    4. something that isn’t scarce because no one wants it.
    5. a contradiction in terms, because no goods are free.

    3. Which of the following is a marginal cost of going to a baseball game?

    1. Time given up studying for tomorrow’s exam
    2. The concert given up because you spent money on the ticket to the ball game
    3. The game you missed last week because you studied for this exam
    4. Both A and B are marginal costs, because each is an additional cost incurred when you go to a ball game.
    5. None of these are marginal costs, though both A and B represent opportunity costs.

    4. Most modern economies are:

    1. traditional economic systems.
    2. capitalist market systems.
    3. laissez-faire economic systems.
    4. government-controlled economies.
    5. a mixture of command, capitalist, and traditional economic systems.

    5. Economists assume people:

    1. are selfish.
    2. maximize their benefits.
    3. pursue their self-interest.
    4. care only about themselves.
    5. want to collect as much money as possible.

    Use this table for questions 6 and 7.

    Baking per day

    Icing per day

    Shep

    10

    10

    Al

    8

    4

    Shep and Al have a custom cake-decorating business. The chart shows how many cakes each can bake or decorate in one day, when they perform just one or the other activity.

    6. Which of the following statements is correct?

    1. Al has an absolute advantage in baking, since he can bake twice as many cakes as he can ice.
    2. Al has a comparative advantage in icing because Shep can bake more cakes than Al can.
    3. Shep has a comparative advantage in baking because he gives up less icing than Al does when he bakes a cake.
    4. Shep has a comparative advantage in icing because he gives up less baking than Al does when he bakes a cake.
    5. Shep has a comparative advantage in both baking and icing because he can do more of both in one day than Al can.

    7. If Al specializes in baking cakes:

    1. Shep should specialize in baking cakes.
    2. Shep should split his time between baking and icing.
    3. We can’t determine what Shep should do because it depends on the value of icing and baking.
    4. Al is making a huge mistake and their enterprise will fail.
    5. None of the above

    Use this graph for question 8.

    8. The production possibilities frontier above shows points A, B, and C. Which is correct?

    I. Point A is an inefficient use of resources.

    II. Point B is an impossible level of production.

    III. Point C is an inefficient use of resources.

    IV. Point B is an efficient use of resources.

    1. Only I
    2. Only II
    3. Only I and IV
    4. Only III and IV
    5. Only I and III

    9. The demand curve for orange juice will shift to the right if:

    1. the cost of growing oranges increases.
    2. the cost of shipping orange juice decreases.
    3. an advertisement airs showing everyone’s favorite athlete drinking apple juice.
    4. the government publishes information showing new heah benefits from drinking orange juice.
    5. the price of orange juice decreases.

    10. The supply curve for velvet paintings will shift to the left if:

    1. velvet Elvis paintings become much more popular.
    2. velvet artwork goes out of style.
    3. people stop buying velvet clothes, leading to extra velvet available for making paintings.
    4. the price of paint increases.
    5. the price of velvet paintings increases.

    11. If an increase in celery harvest technology significantly reduces the cost of harvesting celery:

    1. the demand for celery will increase.
    2. the supply of celery will increase.
    3. the supply of celery will decrease.
    4. the celery supply curve will shift to the left.
    5. the supply will increase and the supply curve will shift to the left.

    12. A price floor:

    1. resus in an excess demand.
    2. holds the price below the market clearing price.
    3. resus in an excess supply.
    4. creates a shortage by holding the price below the market clearing price.
    5. creates a surplus by holding the price above the market clearing price.

    Use the following graph for questions 13 and 14.

    13. Three prices are indicated on the vertical axis: A, B, and C. Which of the following statements are correct?

    I. Price A is the equilibrium price.

    II. Price B is a price support.

    III. Price C would create shortage.

    1. I only
    2. II only
    3. III only
    4. I and III only
    5. II and III only

    14. If the market price is at point A, what can you expect?

    1. The price will fall to point C as sellers put their excess inventory on sale.
    2. The price will stay at point A.
    3. The price will fall to point B as sellers put their excess inventory on sale.
    4. The price will fall to point B, then increase again to point A.
    5. The price will fall to point B, then fall even further to point C.

    15. If the demand for bottled water increases:

    1. the equilibrium price and quantity increase.
    2. the equilibrium price and quantity decrease.
    3. the equilibrium price increases, and the equilibrium quantity decreases.
    4. the equilibrium price decreases, and the equilibrium quantity increases.
    5. the equilibrium price increases, but the change in equilibrium quantity is indeterminant.

    16. If consumers suddenly desire many more temporary tattoos, and at the same time, the cost of henna, an ingredient in temporary tattoos increases:

    1. the equilibrium price and quantity increase in the tattoo market.
    2. the equilibrium price and quantity decrease in the tattoo market.
    3. the equilibrium price increases and the equilibrium quantity decreases in the tattoo market.
    4. the equilibrium price decreases and the equilibrium quantity increases in the tattoo market.
    5. the equilibrium price increases, but the change in equilibrium quantity is indeterminate in the tattoo market.

    17. If demand is elastic, which of the following is least likely to be true?

    1. Consumers spend a small portion of their income on the good.
    2. The price is high.
    3. Consumers are sensitive to a change in the price of the good.
    4. An increase in the price resus in a decrease in the total revenue from sales.
    5. There are many substitutes for the good.

    18. If the quantity demanded of green nail polish increases a lot and the price barely changes at all, we can conclude:

    1. nothing useful.
    2. the demand for green nail polish is elastic.
    3. the supply of green nail polish is inelastic.
    4. there are many substitutes to green nail polish.
    5. green nail polish is very expensive.

    19. If the price of cable service changes from $20 to $30 a month, what percentage of current cable users give up their cable serve if the demand is elastic?

    1. More than 25%
    2. More than 33%
    3. More than 50%
    4. More than 66%
    5. More than 100%

    20. If an increase in the price of good A resus in a decrease in the demand for good B:

    1. A and B are substitutes.
    2. A is a normal good, and B is an inferior good.
    3. A and B are complements.
    4. A is an inferior good, and B is a substitute good.
    5. A is a substitute good, and B is a complement good.

    21. The law of diminishing marginal utility says:

    A. as consumption increases, total utility decreases.

    B. as consumption decreases, total utility increases.

    C. as income increases, total utility decreases.

    D. as consumption decreases, marginal utility decreases.

    E. as consumption increases, marginal utility decreases.

    22. The demand curve is downward sloping due to the income effect and the substitution effect. The income effect says:

    A. people buy more normal goods when their income increases.

    B. people buy more inferior goods when their income decreases.

    C. higher prices resu in a decrease in the purchasing ability of income, and so less quantity demanded.

    D. lower prices resu in an increase in the purchasing ability of income, and so greater demand.

    E. None of the above

    Use the following graph to answer questions 23, 24, and 25.

    23. At point U, the marginal utility for consumers is:

    A. $1

    B. $25

    C. $50

    D. $75

    E. $100

    24. The total utility consumers place on 100 units of the good is:

    A. $1

    B. $25

    C. $50

    D. $75

    E. $100

    25. The consumer surplus when the price is $1 equals:

    A. $1

    B. $25

    C. $50

    D. $75

    E. $100

    26. For a perfectly competitive firm in the short run, what is the lowest price the firm will continue to operate at?

    A. Price equal to marginal cost

    B. Price equal to marginal revenue

    C. Price equal to average variable cost

    D. Price equal to average total cost

    E. Price equal to total cost

    27. Which of the following industries are characterized by free entry and exit?

    I. Perfect competition

    II. Monopolistic competition

    III. Oligopoly

    IV. Monopoly

    A. I only

    B. I and II only

    C. I and III only

    D. I and II and III only

    E. All industries have free entry and exit

    28. Price discrimination is:

    A. selling the same good to different consumers for the same price.

    B. selling only to consumers who meet certain ethnic or social criteria.

    C. selling different goods to different people depending on their ability to pay.

    D. selling the same good to different consumers for different prices.

    E. unfairly selling at a really high price so only the weahy can afford the product.

    29. Which of the following industries are characterized by positive economic profit in the long run?

    I. Perfect competition

    II. Monopolistic competition

    III. Oligopoly

    IV. Monopoly

    A. All of the industries generate positive economic profit in the long run.

    B. Only I

    C. Only II and III

    D. Only III and IV

    E. Only IV

    30. Allocative inefficiency means:

    A. goods aren’t going to the consumers who value them the most.

    B. goods aren’t being allocated at a low cost.

    C. firms aren’t producing all goods that consumers value more than the cost of production.

    D. firms could produce at lower costs than they’re producing at if they reallocated their resources.

    E. resources aren’t being used by the firms that value them the most.

    31. A productively efficient firm maximizing its profits is:

    A. operating at the minimum of their average variable cost curve.

    B. operating where marginal revenue equals average total cost.

    C. operating at the minimum of marginal cost.

    D. operating where marginal cost equals average variable cost.

    E. operating at different points on the cost curves, depending on which market structure the firm is in.

    Use this graph to answer questions 32 and 33.

    32. This graph shows a firm in long-run equilibrium. This graph most likely characterizes:

    A. a dominant firm in an oligopoly.

    B. a firm in a cartel.

    C. a firm in perfect competition.

    D. a monopoly.

    E. a firm in monopolistic competition.

    33. This firm is earning economic profits, since:

    A. P1 is greater than P2.

    B. point A is above point C.

    C. demand is tangent to the ATC curve at point B.

    D. the firm is producing where MR equals MC at point C.

    E. None of these. This firm is earning normal profits, not positive economic profits.

    34. According to the oligopoly model of the kinked demand curve:

    A. a firm expects its price decreases to be matched by other firms, but not its price increases.

    B. a firm expects its price increases to be matched by other firms, but not its price decreases.

    C. a firm expects all its price changes to be matched by its rivals.

    D. a firm thinks demand is much less elastic above the current market price than below.

    E. a firm expects its price increases to be matched, and it thinks demand is much less elastic above the current market price.

    35. Which of the following is not true? A profit-maximizing monopolist:

    A. is the only seller of a good with no good substitutes.

    B. is a dominant firm.

    C. has a lot of market power.

    D. has a supply curve.

    E. produces where marginal revenue equals marginal cost.

    36. How does a firm’s market power affect the slope of the derived factor demand curve?

    A. It doesn’t.

    B. More market power means a positive slope, and less means a negative slope.

    C. More market power means a flatter derived factor demand curve.

    D. More market power means a steeper derived factor demand curve.

    E. More market power means a more positive slope of the factor demand curve.

    37. The marginal revenue product curve shows:

    A. a positive relationship between the price of a resource and the output it generates.

    B. a positive relationship between the price of a resource and the quantity firms will want to use.

    C. a negative relationship between the price of a resource and the output it generates.

    D. a negative relationship between the additional revenue an input generates and the level of output.

    E. None of these

    38. The derived demand for a resource will be more elastic if:

    A. the demand for the final good produced with that resource is elastic.

    B. there are few substitutes for the final good produced with that resource.

    C. there are only a few other ways the resource can be used.

    D. the factor makes up only a small part of the production costs.

    E. very little time is afforded to demanders to find aernatives.

    39. A factor demand curve will shift to the left if:

    A. factor demand increases.

    B. factor demand decreases.

    C. the price of a complementary factor decreases.

    D. the price decrease of a complementary factor causes demand to decrease.

    E. None of these

    40. An increase in the minimum wage will:

    A. resu in higher incomes without a loss of jobs.

    B. resu in higher incomes for many and only a few job losses, if labor demand is elastic.

    C. resu in higher incomes for only a few and many job losses, if labor demand is inelastic.

    D. resu in higher incomes for many and only a few job losses, if labor demand is inelastic.

    E. cause a labor shortage.

    41. In a monopsonistic labor market:

    A. there’s only one seller of labor.

    B. there’s only one buyer of labor.

    C. a union always represents the workers.

    D. a union never represents the workers.

    E. there’s no derived demand for labor.

    42. Which of the following is not true? A union:

    A. increases union-members earnings or job security.

    B. represents the interests of union members.

    C. will decrease the level of employment in the unionized industry.

    D. is part of a bilateral monopoly if the union exists in a monopsonistic labor market.

    E. represents the interests of all workers, union members or not.

    43. Economic rent is:

    A. income earned by owners of land above the opportunity cost of the land.

    B. rent paid for borrowing money.

    C. income earned by resource owners above the opportunity cost of the resource.

    D. income earned by owners of capital.

    E. income earned by all resource owners.

    44. Today, anti-trust legislation is designed to:

    A. control firms whose anti-competitive behaviors are harming consumers.

    B. break up trusts.

    C. break up monopolies.

    D. punish firms that make lots of money.

    E. set up the role of government in regulating natural monopolies

    45. A non-rival good is never:

    A. a public good.

    B. provided by the government.

    C. used up by a consumer.

    D. free.

    E. None of the above. A non-rival good can be any of these.

    46. One economic argument in support of public education is:

    A. it provides positive externalities.

    B. it provides negative externalities.

    C. education should be fairly available to all citizens.

    D. public education keeps youths out of the labor force.

    E. it’s necessary to graduate from high school to receive social security benefits.

    47. A progressive tax is one where:

    A. a high-income household pays more taxes than a low-income household.

    B. a high-income household pays fewer taxes than a low-income household.

    C. high- and low-income households pay the same in taxes.

    D. taxes are paid only by the richest people in an economy.

    E. a high-income household pays a larger share of their income in taxes than does a low-income household.

    48. The government redistributes income:

    A. by using a regressive tax system.

    B. by using a progressive tax system.

    C. by transferring money to low-income households.

    D. by both a regressive tax system and income transfers.

    E. by both a progressive tax system and income transfers.

    49. Which of the following is a public good?

    A. Public education

    B. National parks

    C. National defense

    D. Library books

    E. Postage stamps

    50. What is a free rider?

    A. Someone who rides public transit at no charge

    B. Someone who enjoys something without getting into anyone else’s way

    C. Someone who enjoys something without bearing the cost of providing it

    D. Someone who rides horses in public land provided by the government

    E. None of the above

    1 …

    Janet Yellen, the former Chair of the Federal Reserve, is married to George A. Akerlof, an economist

    Question

    1. Janet Yellen, the former Chair of the Federal Reserve, is married to George A. Akerlof, an economist

    who received the Nobel Prize in Economics. When they hired babysitters in the 1980s, they decided to pay wages that were higher than the going wage babysitters were earning in their local community. Even though they could have hired babysitters at a lower wage, they chose to pay more. What economic reasons are there to explain this decision to pay the higher wage?

    Hi please help me with the below questions a

    If the firm is a price taker and the

    Question

    Hi, please help me with the below questions:

    a. If the firm is a price taker and the

    price of each unit of output is $30 in the short run. What is the quantity, the price, and total economic profits, at its profit maximizing equilibrium? Explain the long run equilibrium if the industry is perfectly competitive and there is free entry and exit.

    The milestone 2 paperA Study on University of Colorado

    Question

    The milestone 2 paper

    A Study on: University of Colorado

    Hospital

    These are your headings and what is to be discussed specifically:

    I

    Economic Theories and Principles:

    A.

    Economic Disparities: Analyze the relationship between the financial well-being of the industry and availability of heahcare, in consideration of market and demand theories.

    B.

    Economic Theories: What economic theories are most useful when applied to the heahcare industry and why?

    C.

    Use of Economic Principles: Why do organizations utilize economic principles to guide strategic short term and long term decision making?

    II.

    For Profit and Nonprofit:

    A.

    Financial Differentiation : What differentiates for profit and non -profit heahcare organizations financially? What characteristics of each type of heahcare organization make the organizations different?

    B.

    Economic Differentiation : What differentiates for profit and nonprofit heahcare in terms of economic policies and legislation? What key recent and current economic policies impact each?

    III.

    Policy, Changes, and Disparities:

    A.

    Economic Policy and Disparities in Care: Using current research and information

    (within the last five years), analyze the relationship between economic policy and disparities in care. How are they connected? How do they differ?

    B

    Policy Changes: What impact do recent legislative changes have on heahcare economic policy in general?

    C

    Disparities Planning: Why are disparities of care factored into heahcare strategic planning? Explain your reasoning and provide examples for support where appropriate.

    HEAH SCIENCE
    A. The financial wellbeing in heahcare market means that the hospital can allocate its
    resources and analyze the market price which reflects on the economic value of the used…
    Science

    1 When did China begin the economic reforms that have basically dismantled the socialist economy in

    Question

    1. When did China begin the economic reforms that have basically dismantled the socialist economy in

    China?

    a. in the early 1950s

    b. in the late 1970s

    c. around 2000

    d. during the Great Depression

    e. during the Great Leap Forward

    2. What does the 90-10 rule refer to?

    a. In village economies, it took 90 percent of the workforce working in agricuure to feed themselves as well as the remaining 10 percent

    b. At any point in time, about 90 percent of the population are stupid; the other 10 percent understand what is going on

    c. At any point in time, about 10 percent of the population are stupid; the other 90 percent understand what is going on

    d. Only 10 percent of the population own 90 percent of the weah

    3. Growth in the Soviet Union was

    a. always rapid

    b. always slow

    c. slow in the early years (1930s) but rapid in later years

    d. rapid in the early years (1930s) but progressively slower in later years

    e. virtually non-existent

    4. Which part of the economy was responsible for the revival of Western European economies after 950 A.D., and again during the revival after 1500 A.D.?

    a. The agricuural sector

    b. The traditional part of the economy

    c. The market part of the economy involved in trade

    d. The government sector

    e. The shadow economy

    5. As a benchmark, how long have most U.S. recessions lasted?

    a. About 5 months

    b. About 16 months

    c. About 36 months

    d. About 4 years

    e. About 10 years

    6. According to the Soviets, what would determine when a socialist economy would be able to transition to a communist economy?

    the transition would occur when the soviets were finally able to computerize material balancing

    the transition would occur when money disappeared from the economy

    the transition would occur when people were conditioned to accept the idea of distribution according to need

    the transition would occur when Soviet authorities were convinced that world tensions had subsided to the point where communism was possible

    the transition would occur when people were conditioned to accept the merits of Voluntary Exchange

    7. In capitalism, workers are free to be hired or fired. The same is true of Soviet-style socialism, at least in theory. However, worker mobility in the Soviet Union was de facto (that is, in reality) limited by

    a. Soviet pricing policies

    b. the Soviet government’s monopoly on employment

    c. distribution according to need

    d. the Cold War

    e. Material Balancing

    8. The Soviet Union never produced very many automobiles. This was primarily due to

    a. the technological backwardness of the Soviet economy

    b. the fact that automobiles did not meet the subjective value criteria of Soviet consumers

    c. the lack of interest in capital formation in the Soviet Union

    d. the fact that automobiles did not meet the objective criteria of the Soviet leadership and planners

    e. the fact that the Soviet Union had too few roads to justify large scale auto production

    9. If Prof. St. Clair is an advocate of the Theory of Voluntary Exchange (and he is), what must he conclude about Justin Bieber tapes and concerts, and why?

    a. these products are terrible and there is no way that anyone can defend such trash

    b. the government can clearly see that these products have no value

    c. these are good products because Bieber is the greatest singer of this generation, or all generations for that matter

    d. No, Niel Diamond is the greatest singer of this generation, or all generations for that matter; but Bieber is a close second

    e. Bieber may not be good, but it is better than country rap music

    f. these products must be good if consumers want to freely part with their money to purchase them

    10. Which of the following is true about your opportunity cost in attending or participating in this online class?

    a. Since there is not dollar charge to attend or participate, there is no opportunity cost

    b. There is no opportunity cost because it is always a joy to learn

    c. The opportunity cost is measured by the value of the lost time as measured by what you would have been doing if they had not attend or participated in this class

    d. The cost of gas and parking at the college

    e. The cost of electricity and internet connection fees

    11. Which assumption – ceteris paribus or mutatis mutandis – best describes the real world?

    a. ceteris paribus

    b. mutatis mutandis

    c. neither is ever descriptive of the real world

    d. each is equally descriptive of the real world

    12. What to do about a sluggish economy (e.g., a recession) would be a topic primarily found in

    real economics

    nominal economics

    real economics

    macroeconomics

    microeconomics

    inflation analysis

    13. In material balancing, the Soviets were usually able to attempt a balance

    a) with sophisticated computer models

    b) with more than 100 iterations

    c) with input-output optimization techniques

    d) with only three or four iterations

    e) with no more than thirty to forty iterations

    14. Friedman argued that political freedom was impossible without

    a) government planning

    b) economic freedom

    c) equality of ownership of economic property

    d) strong government regulation of markets

    Economics

    Consider the following graph

    Answer the

    Question

    Consider the following graph:

    Answer the

    following questions and explain your answer briefly.

    i) Which panel(s) could represent a firm in monopolistic competition in the long run?

    ii) Which panel(s) could not represent a firm in monopolistic competition in the short

    run?

    iii) Which panel(s) could represent a firm in monopolistic competition making a loss?

    iv) Which panel(s) could represent a firm in monopolistic competition making a

    positive economic profit?

    Economics

    In the longrun a decrease in investment spending would mean

    real capital will decrease causing economic

    Question

    In the long-run, a decrease in investment spending would mean

    real capital will decrease causing economic

    growth to decrease.

    real capital will decrease causing economic growth to increase.

    financial capital will decrease causing economic growth to decrease.

    financial capital will increase causing economic growth to increase.

    human capital will increase causing economic growth to increase.

    Macroeconomics