1

What are the characteristics of each regional integration bloc?

Define and

Question

1. What are the characteristics of each regional integration bloc?

Define and

explain the four stages of regional economic integration:

1) Free trade area -(no barriers between them)

A group of countries committed to removing all barriers to the free flow of goods and services between each other, but pursuing independent external trade policie

A trading arrangement that commits participating nations to remove all barriers to trade among their group to

Question

A trading arrangement that commits participating nations to remove all barriers to trade among their group, to

abide by common restrictions on trade with other countries outside the group, to allow unhindered movements of factors of production within the group, and to closely coordinate all economic policies with other participants is known as:

Select one:

a. a customs union.

b. a free trade area.

c. a common market.

d. an economic union.

Economics

Which of the following statements is (are) correct?(x)Prices direct economic activity in a market economy by

Question

Which of the following statements is (are) correct?(x)Prices direct economic activity in a market economy by

influencing the actions of buyers and sellers.(y)In a market economy, prices reflect the both the value of a good to society and the cost to society of producing the good.(z)In a market economy decisions are guided by individual self-interest. Hence, there is a strong need for government intervention in the market because individuals that act out of self-interest will make market economies less efficient than command economies.

A.(x), (y) and (z)

B.(x) and (y) only

C.(x) and (z) only

D.(y) and (z) only

E.(x) only

Which of the following statements is (are) correct?(x)An externality is the uncompensated impact ofone person’s actions on the well-being of a bystander.(y)An example of an externality that causes market failureis the case of a copper refinery that does not bear the entire cost of the smoke it emits.(z)If an externality, such as air or water pollution, is present in a market, economic efficiency may beenhanced by government intervention that reduces the presence of the pollution.

A.(x), (y) and (z)

B.(x) and (y) only

C.(x) and (z) only

D.(y) and (z) only

E.(z) only

Economics

Suppose the market demand curve is p=1000−q and the market is regulated The

Question

Suppose the market demand curve is p=1000−q and the market is regulated.

The

regulator’s objective is to maximize social welfare. For each of the following three cost functions find the social welfare-maximizing market price and market output. Then using these values calculate the highest social welfare for each the three cost functions and compare your result. You have to explain your finding using economic intuition and diagrams. The three cost functions are

(i) c(q) = 200 + q ; (ii) c(q) = 200 + 2q ; (iii) c(q) = 300 + q

Economics

Proponents of using the inflation tax to finance government budget deficits argue that these

Question

Proponents of using the inflation tax to finance government budget deficits argue that:

these

deficits would be far worse otherwise.

while inflation is undesirable, the breakdown of the economy that would occur in the absence of an inflation tax would be worse.

the economic slowdown produced by the inflation tax is preferable to the hyperinflation that would occur in the absence of the inflation tax.

inflation is ultimately beneficial in the long run.

Economics

PP Ltd operates a standard absorption costing system The following information has beenextracted from the

Question

PP Ltd operates a standard absorption costing system. The following information has been

extracted from the

standard cost card for one of its products:

Budgeted production 1500 units

Direct material cost: 7 kg × £4.10 £28.70 per unit

Actual results for the period were as follows:

Production 1600 units

Direct material (purchased and used): 12 000 kg £52 200

It has subsequently been noted that due to a change in economic conditions the best price that the material could have been purchased for was £4.50 per kg during the period.

Required

1 Calculate the material price planning variance.

2 Calculate the operational material usage variance.

Managerial Accounting

Home Depot entered fiscal 2016 with a total capitalization of $27 258 million In 2016 debt investors received

Question

Home Depot entered fiscal 2016 with a total capitalization of $27,258 million. In 2016, debt investors received

interest income of $845 million. Net income to shareholders was $6,390 million. (Assume a tax rate of 35%.)

Calculate the economic value added assuming its cost of capital is 10%. (Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places.)

Economic value added:

Finance

How do macroeconomists distinguish between nominal and real values of variables? Does nominal or real GDP give a

Question

How do macroeconomists distinguish between nominal and real values of variables? Does nominal or real GDP give a

better picture of changes in economic activity and economic well-being? Why? Suppose the nominal GDP of Italy increased by 1% between 2011 and 2012. Is this information sufficient to conclude that the economy grew in that period of time? Given that the inflation rate was 3%, what can we conclude on the growth of the economy?

What is the national income identity? Why is it that sales of used assets are not included in GDP?

.Explain the difference between nominal and real interest rate. What is the Fisher Equation?

Macroeconomics

Business Ethics SustainabilityMany people only perceive two of the pillars

Question

Business Ethics- Sustainability

Many people only perceive two of the pillars

of sustainability: environmental protection and economic development. Why is it more difficult for people to recognize the role of social equity (justice) instead of all three pillars? What would be a real life application of this?

Business

First part1

Household production.

(a)
Define household
production and
housework

Running head: ECONOMIC SOLUTIONS 1 Economic Solutions
Student’s Name
Institution 2 ECONOMIC SOLUTIONS
First part
Question One
Household Production and Housework
Home production can be said as a…
Economics

Which of the following is NOT an obstacle to increased international economic integration?Select

Question

Which of the following is NOT an obstacle to increased international economic integration?

Select

one:

A. monopoly powers given to domestic companies of individual nations.

B. high tariff rates imposed by industrialized nations.

C. health and safety standard requirements.

D. labor and environmental standard requirements.

E. income disparities among and within trading partners.

Economics

Need homework help for some questions 1

An economic ________ is a simplified version of some aspect of

Question

Typically, the higher the level of income per person in a country, the higher the level of spending per person on health care. This relationship between income and spending indicates that health care is a:

a. necessity

b. inferior good

c. normal good

d. luxury

Economics

Mario’s Pizza can produce a pizza for a marginal cost of $6 Its price is a pizza for

Question

Mario’s Pizza can produce a pizza for a marginal cost of $6. Its price is a pizza for

$20. (i) Could Mario make a larger economic profit by offering a second pizza for $5? (ii) Could Mario make more money by offering a coupon that credits for $4? Should this coupon have an expiration date? (iii) Can discrimination by volume lead to a more efficient market solution? Please, explain.

Economics

1

Explain
why
each of the five major macro-economic concerns are crucially important for this
Macroeconomics. Institution: Instructor: Name: Macroeconomics. 1.Macroeconomics is defined as a branch of economics that studies the behavior and
performance of an economy as a whole. It focuses on…
Economics

Q7

Refer to the

Question

Q7.

Refer to the

short-run data. Which of the following is correct?

A.

This firm will maximize its profit at 440 units of output.

B.

Any level of output between 100 and 440 units will yield an economic profit.

C.

This firm’s marginal revenue rises with output.

D.

Any level of output less than 100 units or greater than 440 units is profitable.

Economics

What are 3 social trends faced by many United Statesbased businesses?What are 3 economic trends faced by

Question

What are 3 social trends faced by many United States-based businesses?

What are 3 economic trends faced by

many United States-based businesses?

What are 3 technological trends faced by many United States-based businesses?

What are 3 governmental policy trends faced by many United States-based businesses?

Select an organization, and provide a brief overview of the firm’s history, its industry, and the trends and challenges that it has faced.

Management

Is the GDP Still Accurate in the Digital Age?GDP is the sum of all income earned in a

Question

Is the GDP Still Accurate in the Digital Age?

GDP is the sum of all income earned in a

country during a year. Alternatively, it can be thought of as the value of all production in an economy during a year.But do income and production measure happiness?The way we measure GDP can both overstate and understate people’s happiness and well-being. It understates economic activity and well-being when it does not take into account production that is not exchanged in a market (grandma providing free baby-sitting) and leisure time. It overstates well-being when two otherwise identical activities are measured the same even though one produces more pollution.

Reply to these questions to begin your discussion:

Economics

11 The World Bank classifies lowincome countries as those with per capita incomes less than a maximum threshold

Question

11.The World Bank classifies low-income countries as those with per capita incomes less than a maximum threshold

of about:

Select one:

a. 4000

b. 1000

c. 12000

d. 18000

12.Which of the following is a private organization that periodically seeks to address financial problems of less developed nations?

Select one:

a. World Bank

b. London Club

c. International Bank for Reconstruction and Development

d. Paris Club

13.Which of the following is not a characteristic of a monopolistically competitive industry?

Select one:

a. similar but differentiated products

b. positive or negative long-run economic profits

c. small share of total industry output by any individual firm

d. easy entry and exit

14.Which of the following is not a constituent institution of the World Bank?

Select one:

a. International Center for Settlement of Investment Disputes

b. International FINANCE CORPORATION

c. World Trade Organization

d. International Bank for Reconstruction and Development

15.A country-s per capita real income is equal to the product of a nation-s population multiplied by the country-s aggregate, inflation-adjusted income.

Select one:

True

False

Economics

Your business is evaluating the replacement of one of its machines

The machine was originally purchased ten

Question

Your business is evaluating the replacement of one of its machines. The machine was originally purchased ten

years ago at a cost of $35,000 and has been depreciated to a book value of zero. If your company replaces the machine, it will be able to bid on larger projects that require the capabilities of the new machine. The new machine will cost the firm $80,000, which will be depreciated over 4 years according to the following depreciation rates: 40% in each of years 1 and 2, and 10% in each of years 3 and 4. The new machine qualifies for an immediate 2% investment tax credit. Your company anticipates that at the end of the machine’s eight year economic life it will be sold for $10,000. Your company estimates that its existing machine can be sold today for $5,000. If your business does not replace the machine, it anticipates being able to use the existing machine for eight more years at which time its salvage value would be zero. Without the purchase of the new machine, you expect to generate revenue of $200,000 per year.

The firm’s use of its existing machine is expected to generate operating expenses of $120,000 per year. If the new machine is purchased, the company expects the firm’s annual revenues and operating costs to increase to $270,000 and $170,000 respectively. The company’s marginal tax rate is 40%. To finance this project, the business will raise 30% of the capital from debt and 70% of the capital from equity; its after-tax cost of debt is 8% and the cost of equity is 18%.

(18) a. Calculate the NPV for this project.

(2) b. Calculate the IRR to 2 decimals

Finance

How might foreign countries have an unfair economic advantage?

How might they not have an unfair

Question

How might foreign countries have an unfair economic advantage? How might they not have an unfair

economic advantage? How may these advantages and disadvantages affect the economy in your area?

Marketing

Topic question is on Strategic Management Q1) Describe Starbucks overall business level

Question

Topic question is on Strategic Management.

Q1) Describe Starbucks overall business level

strategy.

Q2) How Starbucks manage the relationship with their customers over the years strategically?

Q3) Describe the market segmentation that Starbucks serves over the years and in your opinion are those segmentation worth to invest for success)

Q4) Is the differentiation strategy appropriate for Starbucks? Why? In future?

Q5) Using the Porter Five Force Model of competition, how should Starbucks plan to position itself in these economic times?

Q6) Conduct SWOT analysis on Starbucks and advice on the best combination to success in the future for Starbucks.

Pls provide some useful point for all the question.

Management

Financial managers make a variety of decisions that can affect a firm’s value These include capital budgeting

Question

Financial managers make a variety of decisions that can affect a firm’s value. These include capital budgeting,

capital structure, and dividend policy decisions. A financial manager’s decisions and actions are evaluated against the criterion of their effect on the price of the firm’s common stock. Good decisions result in increasing share prices and increasing shareholder wealth, while poor decisions achieve the opposite result.

Many of the financial decisions that affect shareholder value fall into one of three basic categories. Identify the types of managerial finance decisions described in the following table.

Type of DecisionWhat types of assets should be purchased to support new projects and generate future cash flows?Capital budgeting The stock market is approaching its year-to-date high value, so should Chicago Pork Producers Inc. consider selling new stock or new bonds to pay for its planned market expansion?Capital budgeting Should a company decrease its dividend from $0.75 per share to $0.60 per share?Dividend policy

Seattle Seafood Company is evaluating its use of debt and equity capital. Some members of the finance team think the company would be better served by issuing new debt and using the proceeds to buy back shares of its common stock. What type of managerial decision is this?

Capital budgeting

Capital structure

Dividend policy

It is useful to examine the company valuation process from both an internal and an external perspective. The value of a company is affected by three groups of factors: (1) the attributes of the firm itself, (2) the characteristics of the investors interested in the firm’s securities, and (3) conditions in the financial markets in which the company and its investors participate.

In the following table, indicate whether the factors described fall into the firm, investor, or market factor category.

Preference for saving or spending -Firm Factor -Investor Factor- Market Factor

Capital structure decisions and dividend decisions-Firm Factor -Investor Factor- Market Factor

Economic and financial market conditions-Firm Factor -Investor Factor- Market Factor

Finance

6 Pure monopolists may obtain economic profit in the longrun because a)

Of advertising

b)
Marginal

Question

6.Pure monopolists may obtain economic profit in the long-run because:

a) Of advertising

b) Marginal

revenue is constant as sales increase

c) Of barriers to entry

d) Of rising average fixed costs

7.An industry is characterized as having many firms, a differentiated product, no barriers to entry and elastic demand. What is it’s market structure?

a)Perfectly competitive

b)Oligopoly

c)Monopolistic Competition

d)Monopoly

8.The individual mandate under the Affordable Care Act was intended to prevent which of the following?

a) Rising health care costs

b) Rising deficits

c) Adverse selection

d) Moral hazard

9.Which of the following conditions is NOT NECESSARY in order for a firm to price discriminate?

a) The product cannot be resold

b) The firm must have some market power

c) The firm must have many buyers and sellers

d) The market can be segmented into different groups of consumers

10.Which of the following statements correctly identifies increasing returns in production?

a) As a firm adds workers, output declines

b) Marginal Product is greater than Average Product

c) Marginal Product equals Average Product

d) As firms increase workers, output increases at a diminishing rate

11.Which of the following correctly identifies the price at which a firm should shut-down?

a) Price is greater than the average variable cost

b) Price is equal to the marginal cost

c) Price is less than the total cost

d) Price is less than the average variable cost

12.Which of the following market structures experiences a Nash Equilibrium in terms of pricing behavior?

a) Perfect competition

b) Oligopoly

c) Monopoly

d) Monopolistic Competition

13.Which of the following is NOT considered a criteria of an efficient market?

a) Perfect information

b) Positive externalities exist

c) Lots of buyers and sellers

d) No barriers to entry and market is perfectly competitive

14.Which of the following is NOT a factor that leads to a shift in the supply curve?

a) Change in labor and capital inputs

b) Change in consumer income

c) Change in number of firms in industry

d) Government regulations

15.For which of the following goods is the demand curve likely to be the most inelastic?

a) Taxicab transportation for a family vacationing in DC

b) Insulin for a diabetic

c) An Apple Smartphone

d) Elective cosmetic surgery

16.Which of the following is the best example of a public good?

a) National Defense

b) A local gas station

c) A city-owned electric power generating plan

d) Public Universities

17.A perfectly competitive firm has the following option with respect to how it sets price:

a) Are required to accept below-market prices if they wish to sell their product

b) Often set the price of their product above the market equilibrium to take advantage of market imperfections

c) Have a great deal of latitude when it comes to setting the price of their product

d) Have little choice but to accept the prevailing market price for their product

18.What market failure does the regulation of nursing home quality address?

a)High long-term care costs

b)Existence of a public good

c)Asymmetric Information

d)All of the above

19.Which if the following is NOT a likely result of limits on physician reimbursement rates under Medicare?

a)Reduction in quality of care provided

b)Access problems for Medicare beneficiaries

c)Increase in supply of physicians

d)Shortage of physicians

Economics is the Study of _________________________

a) The interaction of people in social situations

b) The scarcity of resources or goods

c) Human behavior under stressful situations

d) Biological systems in the environment

Economics

Suppose you are an economic adviser to the president and the president asks to make an economic analysis of

Question

Suppose you are an economic adviser to the president, and the president asks to make an economic analysis of

MonoTV, Inc., a firm that sells a patented device used in high-definition television sets. You have the following information about MonoTV, Inc.

a. Given the data in the table, graphically show all the elements necessary to represent the monopolist’s profit maximization. Note: You do not need to draw the average total cost curve.

b. What level of output does MonoTV, Inc., produce? What price does it sell this output at?

c. Does MonoTV, Inc., produce at the socially optimal level? Why or why not? Show any inefficiency on your graph.

Microeconomics

3 Satriale uses 145 600 switches per year (or 2 800 per week) and currently orders 2 800 weekly (assume they are

Question

3. Satriale uses 145,600 switches per year (or 2,800 per week) and currently orders 2,800 weekly (assume they are

delivered immediately). If the carrying cost per switch is $6.20 and the fixed order cost is $1,200, is the company’s inventory policy optimal? What is the economic order quantity they should use? How much money will they save by changing their ordering behavior to that quantity compared to what they are spending now?

Finance

22 Demonstrate graphically and explain verbally the case of a monopolistically competitive firm earning a positive

Question

22 Demonstrate graphically and explain verbally the case of a monopolistically competitive firm earning a positive

economic profit. Is this firm in a short run or a long run equilibrium? In the short run, how does this case differ from the monopoly market outcome?

23 Demonstrate graphically and explain verbally the long run equilibrium for a monopolistically competitive firm. How does this differ from the long run equilibrium of a monopoly firm?

Economics

From a buyer’s point of view if the seller of a good charges a price which exceeds the competitive equilibrium

Question

From a buyer’s point of view, if the seller of a good charges a price which exceeds the competitive equilibrium

level in the short run, then: which is correct?

1) the seller will not be able to sell anything.

2) the buyer will perceive an inelastic supply curve.

3) the seller will earn zero economic profit.

4) the amount of the good purchased from the seller will be less.

Economics

ADR Ltd purchases a particular items in lots of 1 250 units

Its annual usage of this item is 6 250

Question

ADR Ltd purchases a particular items in lots of 1 250 units. Its annual usage of this item is 6 250

units. Ordering costs are R 200 per order and the carrying (holding) costs are R10 per unit per year.

Calculate each of the following:

1.1.1 The Economic Order Quantity (EOQ) in units (6)

1.1.2 Number of orders (3)

1.1.3 Cost of orders (Order costs) (3)

1.1.4 Average Inventory held (3)

1.1.5 Cost of holding stock (3)

1.1.6 Total cost (2)

Financial Accounting

MCQ 1Which of the following is correct?aRecessions come at regular

Question

MCQ

1-Which of the following is correct?

a-Recessions come at regular

intervals and are easy to predict

b-During economic contractions most firms experience rising sales

c-Shot run fluctuations in economic activity happen only in developing countries

b-When real GDP falls, the rate of unemployment rises.

2-Most economists use the aggregate demand and aggregate supply model primarily to analyze

a-productivity and economic growth

b-short-run fluctuations in the economy

c-the effects of macroeconomic policy on the prices of individual goods

d-the long -run effects of international trade policies

Economics

After World War II was over the USA assumed the lead in economic activity and economic expansion The

production

Question

After World War II was over, the USA assumed the lead in economic activity and economic expansion. The production

of goods and services led American companies to search for foreign markets in order to sell what they could produce. Then, the world woke up to Supply Chain Management practices, and jobs started leaving the US to go abroad. Why did this happen? What changed ? What are the consequences?

Running head: ECONOMIC ACTIVITY Economic Activity
Student Name
Professor Name
27 Feb 2017 1 ECONOMIC ACTIVITY 2
Economic Activity World War II
In this Paper I can discuss…
Business

Assignment 1 Maximizing Profits and Minimizing LossesConsider a supplier of agricultural

Question

Assignment 1: Maximizing Profits and Minimizing Losses

Consider a supplier of agricultural

equipment who is deciding how much of two products should be produced by his firm. You determine what the two products are.

Now create a report that includes a discussion and analysis regarding how such a supplier makes such a determination in order to maximize the firm’s profits. Include in your response:

  • A discussion of exactly what costs are associated with profit maximization.
  • A discussion of the concept of opportunity cost.
  • A discussion of the alternative production opportunities.
  • A discussion of the various constraints which firms face in maximizing their economic profit.

In responding to this assignment, quotations, paraphrases, and ideas you get from books or other sources of information should be cited using APA style.

Economics

Please help me to answer this question CASE 13 ASAP THANKS!

A.INVENTORY

Question

please help me to answer this question CASE 1-3 ASAP, THANKS!

A.INVENTORY

BALANCES AND PURCHASE TRANSACTIONS

Although fairly voluminous, purchase transactions at wending are not complex. Inventories are tightly controlled so that overstocking and obsolescence are normally not a problem. Inventory, although not as liquid as cash, is subject to theft. At wending, finished packaged products are shipped immediately to customers, although large quantities of purchased merchandise are maintained on hand. The personnel handling purchases and inventory transactions are, in general, competent. Access to the warehouse is unrestricted.

B.TRADE RECEIVABLES AND CREDIT SALES SYSTEM

These transactions are not particularly complex at wending. Nor (except for the allowance for doubtful debts account) is there any degree of estimation involved. The persons processing revenue and trade receivables transactions are thoroughly familiar with the procedures and are generally competent. Sales transaction processing does, however, entail the completion of many transactions. Competition from overseas is becoming an issue, and because of the poor general economic conditions some customers have requested ex tensions of time to pay.

I want to know any significant audit risks with reference to the relevant facts and the key assertion at risk, and any controls relevant to the audit, thanks!

Business

Select a product and a country for a global business venture Conduct

a regional, country,

Question

select a product and a country for a global business venture.

Conduct a regional, country,

and product analyses for your new global venture.

Prepare a 1,050-word (min, no max) outline to address the following:

Running Head: MORAN BUSINESS ANALYSIS
1 Moran Business Analysis
Name
Instructor
Date MORAN BUSINESS ANALYSIS 2 Region analysis
Regional alliances and economic integration
The East Africa Community…
Business

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

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

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

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

    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

    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

    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