Economics question and answers for July 11, 2023
- Q Choose only 3 benefits of land being occupied by firms accordingto the principle of highest and best use (note that most of theoptions listed below do not arise from highest...
- Q What is a memo format and when it is used?What is the purpose of an incident report? Give anexample from a real-life situation that shows when an incidentreport should be...
- Q 4. (a) Are business managers microeconomic or macroeconomicmarket participants? Explain. (b) Do most business managers havethe market power to significantly change market conditions?Explain. (c) Provide an example of a microeconomic...
- Q Please answer all.82. What is the difference between the accountant's concept ofprofit and the economist's view of profit?83.  Describe the types of entry barriers which canexist and their importance to...
- Q What are the instruments of regulation?
- Q An entrepreneur has a venture that will make either $100 millionor $0. The chance that this venture will make $100 million dependson the effort expended by the entrepreneur: If she...
- Q Contrast the reasons for mechanistic and organic structuralmodels.
- Q Draw three graphs that show the following:How market price is determined in the long run for a perfectlycompetitive market.How this market price determines the quantity produced in aperfectly competitive market...
- Q Ecopower produces power in New York City according to a costfunction of C(Q) = Q^2. The the demand for power in Oklahoma is p =24−Q where p is the price...
- Q Suppose researchers undertake an audit study to measurediscrimination. Explain the steps.
- Q 2. Explain the different types of partners and theimportance of partnership agreements.
- Q how do fuel prices both high and low contribute to ourglobalized food economy
- Q Why does better employment insurance leads to more structuralunemployment?
- Q What are the pros and cons of higher minimum wages? Breifly talkabout If you are a supporter or not of higher minimum wages.
- Q Pretend that you own a small business in a highly competitve.You're facing a significant amount of loss. What are the bestsolutions of increasing your revenue and reducing your cost in...
- Q What does \"diminishing returns\" to an input mean by economists?What causes diminishing returns? How can this principle be observedat a job workplace? Describe this concept in the real world.
- Q How are the three versions of the Solow Growth Modeldifferent?Why do you think we need three different versions of the samemodel? (Hint: Steady-state growth rates)What is convergence and conditional convergence?...
- Q Discuss the current state of the apartment housing market inStrathfield South, Sydney, identifying the drivers of thisdevelopment growth. Include any capital market issues (e.g. creditavailability and exposure, interest rate expectations,...
- Q howdo NGO's lift comunities out of povertydo they eductae? give examples
- Q Explain in detail some of the national, political, social andbusiness cultures of UAE.
- Q Explain what Fair Trade seeks to do. State two advantagesproduced by the Fair Trade model and two disadvantages.
- Q Many opponents of free trade use the following example toillustrate its negative effects: Joe Smith started the day earlyhaving set his alarm clock (MADE IN JAPAN) for 6AM. While hiscoffeepot...
- Q In recent decades, economic inequality (both income inequalityand wealth inequality) has become a prominent topic in Americanpolitics. How would you define income inequality? How is incomeinequality measured? What has happened...
- Q What characteristics of the GATT/WTO system allowed it torapidly reduce tariffs after 1947 (make sure your answer includesMFN status, uniformity of treatment, etc.). Why did that processaccelerate in the 1960s?...
- Q Economies of scale:Exist when larger firms can produce at lower cost than smallerfirms.Exist when Average costs go down as production increasesAre more likely to exist in industries with larger fixedcostsAll...
- Q 6. John has a car he wants to sell. His goal is to get as muchas he can for the car (profit-maximizer). He lists the car in thelocal paper with...
- Q Compare and contrast direct finance and indirect finance. Give aspecific example of each and discuss in detail the differences.Which is more likely to have a larger share of the total...
- Q can you explain competitive interaction in real estateinvestment trust (REIT) in the following Malaysianindustries.1- ATRIUM2- CMMT3- HEKTAR4- KIPREIT
- Q Are luxury good inferior goods? Why lower price luxury goodswill not attract people? Can you use graph to explain?
- Q When an increase in price of one commodity decreases the demandfor another commodity (negative cross price effect), then twocommodities are substitute goods  TrueFalseWhen the increase in price of one commodity decreases...
- Q what would you guess Arthur Millers viewpoint to be oncapitalism?
- Q What measures should South Africa put in place to ensure thatthe weakening rand does not affect growth?
- Q With COVID-19, how does the fact that the Army Corpsof Engineers building better and more improved medical clinicseconomically impact the United States economy?
- Q 3. Is being in a trade deficit a bad thing, and why? What doesit explain about the macroeconomy if a country is in a tradedeficit?
- Q 2. What two countries are the US in the largest deficits with,and why?
- Q Please type!!Write an APA formatted paper on a topic dealing with ethics asit pertains to information technology, specifically onlinebullying/online aggression. Also, link the websites or cite it inAPA format.
- Q Perfectly competitive industries are:Group of answer choicesA. difficult to enter because there are already so manyproducers in the industry.B. not particularly appealing or attractive to enter becausethere tend to be...
- Q Using the theory of price discrimination, explain why airlinescharge higher fares to their customers during Christmas but offersignificant discounts at other times of the year.
- Q What policy instruments does the Fed use for themonetary policy?What are the pros and cons of using expansionary andcontractionary monetary policy tools under the following scenarios:depression, recession, inflation, and robust...
- Q Patents protect some inventions. One of the controversialaspects of the patent system is the patents that are granted topharmaceutical companies. Critics of the patent system claim thatthese increases the price...
- Q In this chapter, the virtues of perfect competition have beenhighlighted. Among the benefits of perfect competition, no buyer orseller taken alone can affect market prices. Also, efficiency isobtained since firms...
- Q Outright slave rebellions were rare in theAntebellum South. What methods did slaves use to diminish andresist slavery? On the other hand, what kept African-Americansenslaved? What were the “invisible chains†ofslavery?
- Q (True or False) Monopolists are neither productively efficientnor allocative efficient, and perfect competition is bothproductively efficient and allocatively efficient. However, Paretooptimal requires it is impossible to make one person better...
- Q Consider aduopolistic market wheredemand is given byP= 36 - 3Q,where Q = Q1 + Q2. For each duopolist, the constant per unitmarginal cost is $18/unit and fixed costs are zero....
- Q An asset in the five-years MACRS property class costs $150,000and has a zero estimated salvage value after six years of use. Theasset will generate annual revenues of $320,000 and will...
- Q Define the behavioral outcomes of consumption ?
- Q explain how the various categories of federal governmentspending (such as spending on entitlements, or infrastructure orbasic research) qualify as either consumption or investmentspending. explain how the various categories of federal...
- Q Required: 1-2 paragraphsSummarize the evolution of civil liberties in the UnitedStates.
- Q You will take on the role of the benevolent socialplanner. Remember the sole objective of a benevolent social planneris to maximize total surplus. Below are two lists of numbers. Thetop...
- Q What new opportunities do these technologies create, and whatresponses are needed to ensure positive economic effects,inclusivity and equal access to benefits?This more of the AI question, please explain me in...
- Q M6_IND4. A chemical plant stores spare parts for maintenance ina large warehouse. Throughout the working day, maintenancepersonnel go to the warehouse to pick up supplies needed for theirjobs. The warehouse...
- Q In a particular market there are several hundred firms, all ofthe firms produce an identical product, and it is easy to get inand out of the market. At the current...
- Q 1. You have just been appointed to evaluate some of the socialprograms. Your mission, which you have no choice but to accept, isto reform De- mogrants and Employment Insurance (EI)...
- Q Monetary PolicyIf demand is lower than expected, the economy would beexperiencing a(an) 1.___________________ gap.In order to close the gap using monetary policy, the Fed can(buy/sell) 2._____________ U.S. bonds through a...
- Q Please answer the following questions on the 2008 financialcrisis please answer 1-2 paragraphs each.What was the financial situation that consumed Wall Street andthe Federal government in 2008?Which government officials played...
- Q Russell Roberts, The Price of Everything: A Parable ofPossibility and ProsperityIn chapter 10 of the story, “No Host No Problem,†Ramon accusesRuth of “romanticizing the market†and of “romanticizing profits.â€Ruth...
- Q What are the key factors that limit the ability of manydeveloping countries to deploy taxation as a tool to reduceinequality and provide social security to the vulnerablegroups?Describe any three policy...
- Q     What is the parable of the story ofRamon, Amy and Professor Ruth Lieber? In other words, what isRussell Roberts’ main thesis? In your answer, you must explain theconcept of “emergent...
- Q Russell Roberts, The Price of Everything: A Parable ofPossibility and ProsperityIn the story, Professor Lieber states emphatically, “no one canmake a pencil.†1) Give a detailed explanation of why this...
- Q What is the parable of the story of Ramon, Amy and ProfessorRuth Lieber? In other words, what is Russell Roberts’ main thesis?In your answer, you must explain the concept of...
- Q In the story, Ramon Fernandez initially found it repugnant andunfair that the price of a flashlight at “Big Box†would increaseso dramatically after the earthquake; that is, until he metProfessor...
- Q Background: There are 4-5 pharmaceutical companies (mainly fromChina, Germany, and the USA) that are researching a cure/vaccinefor corona – hopefully, one of these companies will have a solutionfor the world...
- Q How does globalization increase systematic risk? How mightglobalization decrease systematic risk? Please, a very detailedanswer will be very appreciated
- Q How are the three versions of the Solow Growth Modeldifferent?Why do you think we need three different versions of the samemodel? (Hint: Steady-state growth rates)What is convergence and conditional convergence?...
- Q what has happened to wealth inequality in the U.S. inrecent years? what accounts for those changes?
- Q Assume that due to an increase in demand, the average domesticairline fare increased from $319.85 in the fourth quarter of 2013to $328.12 in the first quarter of 2014, an increase...
- Q How can interest groups influence a candidate’s campaignagenda?
- Q Whydoes the average revenue and marginal revenue curve seperate for amonopolist.
- Q A driver going to the city center hasthe choice between a small road and the highway. The small roadtakes 25 minutes (1500 seconds) and is never affected by traffic.The highway...
- Q Given the following supply and demand equations, solve thefollowingsupply: p=qDemand: p=200-pa) What is the market equilibrium price and quantity?b) What is the Consumer surplus and the producer surplus?c) The government...
- Q Joe is looking to expand his tiger collection. The market forwhite tigers has the following market demand and market supplyfunctions:D(P) = 200 − 2P and S(p) = 6P − 120a....
- Q Supply: p= q Demand: p= 200-q25.The government enacts a price ceiling of $120. What is thenew Consumer Surplus?A)$10,000 (B)$1,000 (C)$2,225 (D)None of the above26.Assume now that the government enacts a...
- Q Suppose the nomianal interest rate for 1-year borrowing andlending in the U.S (i$) is currently 5%,while the nominal interestrate on 1 -year borrowing and leading in the U.K (1£) is...
- Q You have just been appointed to a special Presidential TaskForce on Economic Growth. You are responsible for proposing threepolicies that the government can enact to increase the growth rate.What policies...
- Q One of the Principles of economics “Markets Are Usually A GoodWay to Organize Economic Activityâ€. Based on your understanding ofthis principle, first, explain in detail the idea behind thisprinciple. Second,...
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