When the Shaffers had a monthly income of $8,000, they would usually eat out eight times a month. Now that the couple makes $8,500 a month, they eat out 10 times a month.

            a.         Compute the couple’s income elasticity of demand. Explain your answer. (Is a restaurant meal a normal or an inferior good to the couple?)                                                                                                      

            b.         List and explain the determinants of the price elasticity of demand.

A researcher wants to look at how daycare for children affects parents’ employment. He considers 5 possible research designs. In which of these should we be most worried about confounding/lurking variables?

Question 1 options:

This question based on the partial equilibrium analysis.

Canada is a small country that produces and consumes calculators. In free trade, Canada imports calculators from Polynesia, which is also a small country. Discuss the implications of an import tariff imposed by Canada. Discuss the implications for the country implementing the policy AND its trading partner. You should clearly discuss production, consumption, exports and imports, and welfare effects (both overall and individual welfare effects). Remember to draw relevant graphs in support of your answers.

An importer from the United States who owes a Belgian company 500,000 euros payable in 30 days, anticipates that the United States dollar will depreciate in that period.

What would you recommend doing to the importer?

Buy euros now or wait for the debt due date?

What would happen to the importer's utility if, having followed his advice, the dollar appreciated instead of depreciating as the importer had anticipated?

Draw up a graph for a change in income , consumer preference and population . Start by drawing a demand curve for a lower population , for instance . Then show the SHIFT of the demand curve to the right when population increases . Do this for a change in income and also consumer preference .

What would an investor need to know for making an investment decision on Ford Motor Company marketing point of view (What specific analysis would would help th einvestor make an informed decision)? [200 words or more] Thank you for your time and effort. Will give thumbs up.

Course Learning Outcomes-Covered

• Demonstrate the dynamics of technological innovation concepts in technology-intensive business enterprises. (Lo 1.1)

Essay                                                                   Weight: 5 Marks      

Write an essay on the ‘Role of Technology and Innovation in the realization of vision 2030 KSA’.

In writing the essay, ensure to cover the following points:

- Discuss how Vision 2030 approaches the topic of technology and innovation.

- Discuss and provide examples of the steps the government has taken to realize its technology-based goals and objectives stated in Vision 2030.

- Provide examples of actual technology-based projects that the government has implemented or in the process of implementing

Use examples, peer-reviewed journals to support your submission. This essay must be at least 1200-words in length.

explain the 2019-2020 Economy of the US and/or World. Discuss issues such as: What is currently occuring? How is it affecting people and businesses. How is it affecting the local, regional, national, and world markets. How are local and state gov'ts being affected and what are they doing? What is the federal gov't doing or proposing to do to help the situation? What do you think of the federal gov't proposals and/or actions? What would you suggest doing? What has caused this recession (what the experts say and/or what do you think)? How is the recession affecting you and your family personally? What do you think the future will be like? How about the stock market? What are your thoughts about the auto industry and the auto bailout? What are your thoughts about the financial/banking bailouts? The volatility of the stock market?

A shortage of demand in the market will cause the price of a product to increase.

True or False

A point inside the production possibility frontier indicates an economy that is underutilizing resources.

True or False

Suppose a government has a deficit, and the government finances its deficit by issuing bonds.

a. Do you think that it may have any impact on the Monetary Base of the economy? Explain your answer.

b. Do you think it may have an impact on inflation? Unde r what condition? Explain it.

Harriett Cane does not work and receives $500 per week in divindends and interest. She is just as happy if she works 1 hour per week to raise her income to $520, or works 2 hours per week to raise her income to $544, or works 3 hours per week to raise her income to $572, or works 4 hours per week to raise her income to $604, as she is when she doesn't work at all. Answer the following questions using GRAPHICAL ANALYSIS

1. What is Harriettls reservation wage?

2. Suppose you offer her a job at $18 per hour. Would she take it?

3. If dividend and interests income falls to $400 per week, what will happen to HArriett's reservation wage>

Imagine you are representing one of the members of the OPEC, and you are motivated by an increase of your revenue from the sale of crude oil. You have to compromise on current decision on possible output decrease as to stimulate the world price of gas. Please consider the historical relation of the reaction of the gas price at the pump to the world price of the crude oil per barrel. Please resort to the NYU STERN case on The Petroleum Market: 1970 – 2000 (via link provided below the assignment), but most of all to the research on the following issues in the summer of 2008 in the US and now, and the political debate on the energy crisis, environmental protection and renewable sources of energy.  

There are three categories within the Balance of Payments; the Current Account, the Capital (Financial) Account, and the Official Reserve Account. Each of the accounts can have a surplus or deficit over a period (year).  Answer the following questions in one paragraph (75-100 words) each, please include at least one external source to support your answers.:

1.) Do these accounts actually need to be balanced? Why or why not?
2.) What is significant about each account if they show a surplus or deficit?
3.) What would cause an imbalance in each account?
4.) Why is the Current Account the most followed account?

Suppose frank has estimated a cross sectional regression model for demand for gasoline by state: PCONi = 389.6 + 60.8 UHMi - 36.5TAXi - 0.061REGi T Stat : 5.92 -2.77 -1.43 N =50 R2 = .919 Where: PCONi = petroleum consumption in the ith state (trillions of BTUs). UHMi = urban highway miles within the ith state. TAXi = the gasoline tax rate in the ith state (cents per gallon). REGi = motor vehicle registration in the ith state (in thousands)

a. What do you expect the signs of the explanatory variables to be? Explain why.

b. According to the estimated equation, motor vehicle registrations variable is insignificant and it has a negative sign. Does this make sense to you? Why or why not. Explain carefully.

c. Suppose the simple correlation coefficient between REG and UHM is 0.98. What do you infer from that? In light of this added information, what, if anything you would do and why? What would you expect to find?

d. What is VIF? (Not related to above)

e. What is heteroschedasticity? (Not related to above)

Ben Bigalow is considering selling an apartment building that he bought several years ago for $820,000, including transaction costs. He has claimed total (cumulative) depreciation (cost recovery allowances) of $255,000. He has made no capital improvements during his holding period. Bigalow has been offered $900,000 for this property ($300,000 over the existing $600,000 mortgage note, to which the property will remain subject when sold). Terms of the offer are $90,000 in cash at the closing. Buyer assumes the $600,000 balance on the existing first mortgage note and signs a note and purchase-money mortgage for the remaining $210,000 of the purchase price. The $210,000 note provides for three equal annual payments including principle and interest, with interest at 12%. If Bigalow accepts this offer and incurs $50,000 of sales costs, what will be the resultant increase in his taxable income in the year of the transaction and in each of the three succeeding years, assuming he uses the installment method of reporting the sale? Bigalow has no imputed interest problem, and the property generate zero taxable income each year if it is not sold. Bigalow has no other outstanding debts