Economics question and answers for July 14, 2023
- Q Provide five (5) reasons why product prices are sticky in theshort run.
- Q Consider the market for minivans. For each of the events listedbelow:→ identify which of the determinants of supply are affected→ indicate whether supply increases or decreases→ draw a diagram to...
- Q To automatically insert electronic components in printed circuitboards for a cell phone production line, a $500,000 surface mountplacement (SMP) machine is being evaluated by a manufacturingengineer at Motorolla. Over the...
- Q What is labor market discrimination? What evidence do we havethat it exists? What models describe the existence (or lack ofexistence) of labor market discrimination? What policies areavailable to combat this...
- Q 400-word memo on the push for a plastic-free society, howbusinesses are responding to it and commentary on the issue. TypedPlease. Cite any sources if used.
- Q The company wishes to maximize the total revenues. Can youcomment without doing any calculations whether the price would needto be higher or lower than the profit-maximizing price? Explainyour answer (Make...
- Q 1) In your opinion, what are the two most importanttools/programs that have been implemented this year by the FederalReserve and the US Congress in their attempt to fend off a...
- Q Suppose XER Inc. is a monopoly that produces a drug thatcures the common cold. The weekly (inverse) market demand* for itsproduct takes the form P=580-6Q, where Q is measured as...
- Q most developing countries such as South Africa,Zambia, Tanzania, Mozambique, Nigeria etc, are battling to containinflation at a desirable levels. on the other hand, some developedeconomies are battling with deflation. using...
- Q 15. If a bank faces a reserve requirement of 8 percent and has areserve ratio of 12 percent, thenA. government regulation requires the bank to use at least 8percent of...
- Q What impacts did the Fed’s monetary policies have on themonetary markets from 2007-2011? Explain.
- Q Examine political cartoons published in the early nineteenthcentury. How accurately did these cartoons reflect society in theearly 1800s?
- Q Which of the following statements is (are) correct?Select one:A. A strong demand increase together with a weaker supplydecrease would necessarily result in a higher price and an increasein equilibrium quantity.  B....
- Q Your business has estimated its total cost to be TC = 3800 +0.25Q + 0.0018Q2; its marginal cost is thus MC = 0.25 + 0.0036Q,where Q is the amount of...
- Q While technology is a great tool it should not be the absoluteanswer when it comes to educating our kids. agree or disagree?why?
- Q Discuss the economic factors to emigration to the United States.(Minimum 200 words).
- Q The property appraisal district for Marin County has justinstalled new software to track residential market values forproperty tax computations. The manager wants to know the totalequivalent cost of all future...
- Q 1) Why is it possible to change real economic factors in theshort run simply by printing and distributing more money?2) Explain why a stable 5% inflation rate can be preferable...
- Q 4. The Convention on Combating Bribery of Foreign PublicOfficials in International Business Transactions excludes:a. Bribes made to secure contracts that would otherwise not besecuredb. Grease payments to gain exclusive preferential...
- Q Suppose Congress decides to increase government spending andtaxes by equal amounts. Use the IS-LM AD-SRAS-LRAS model toillustrate graphically the short run impact of the increase ingovernment spending and taxes on...
- Q a) Identify the most important source(s) of market power in thefollowing markets and briefly explain your answers:i. Small town bars with liquor licensesii. Apple iPadiii. Electronic commerce (Amazon)iv. Brand-name prescription...
- Q Suppose that the pharmaceutical rm Merck is deciding whether todevelop a new diagnostic procedure that can detect early-stageAlzheimer's disease more accurately than existing tests. Developingthis technology would require an up-front...
- Q You will find that we consume monopolies in our daily lives fromour electricity to internet service. Why do you think monopoliesare classified as a price maker and what are the...
- Q What are the basiccharacteristics of civil liberties and civil rights? How are civilliberties and civil rights different from each other? How does theconstitutional basis for civil liberties different from theconstitutional...
- Q Marking the benchmarks along your route (ie, Bretton Woods,Smithsonian, Jamaica, Plaza, and the Louvre Accords, etc), tracethis evolution from its origins in the gold standard, through thefixed and the floating...
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