What is internationalism? Which recent president is known for this style of foreign policy?
In: Economics
Explain how and why Japan escaped western imperialism in the middle of the nineteenth century.
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The specific course learning outcomes associated with this assignment are:
In: Economics
Explain how the supply curve changes as the elasticity of supply increases.
In: Economics
Construction of the new airport terminal has gone over budget and the Airport Authority needs every dollar it can get to pay its debt. They have asked your advice on a pricing strategy for parking at the airport. They know there are three types of parking users: 1) Short term users, who come to the airport to drop off or pick up passengers and stay for two hours or less; 2) Business travelers, who are away for one to four days; and 3) Leisure travelers that need parking for a week or more. a) Illustrate and use an appropriate economic model to explain how the airport could maximize its parking revenue. b) Use your analysis to discuss whether building a new parking garage would be a good investment for the airport?
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Your father is 50 years old and will retire in 10 years. He expects to live for 25 years after he retires, until he is 85. He wants a fixed retirement income that has the same purchasing power at the time he retires as $55,000 has today. (The real value of his retirement income will decline annually after he retires.) His retirement income will begin the day he retires, 10 years from today, at which time he will receive 24 additional annual payments. Annual inflation is expected to be 6%. He currently has $105,000 saved, and he expects to earn 10% annually on his savings. The data has been collected in the Microsoft Excel Online file below. Open the spreadsheet and perform the required analysis to answer the question below.
In: Economics
1. Draw the money market with the value of money on the vertical axis and the amount of money on the horizontal axis. For each event below, state the anticipated effect on the price level. (for each part, include a sketch of the shift either in money demand or money supply to support your answer)
a. the Federal Reserve conducts an open-market purchase of bonds from the public
b. consumer confidence is up, and so we see consumers buying more goods and services
c. the interest rate rises inducing households to hold more bonds
b. Draw the Aggregate Demand and Aggregate Supply model in long run equilibrium, with the price level on the vertical axis and real output on the horizontal axis. For each event below, state the effect on the price level and real output in the short run for the US economy. (for each part, include a sketch of the shift either in demand or supply to support your answer)
a. A recession in Canada lowers consumer spending in Canada, who typically holds a trade deficit with the US
b. A new federal tax code lowers the income tax for households
c. Oil prices rise
d. A net inflow of capital which leads to a higher level of capital stock in the domestic economy
In: Economics
In: Economics
What is Sales Tax, its salient features and how it works, do a comparative analysis between Sales Tax and Value Added Tax and render your personal opinion as to which system is better between the two for a developing country
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Coors and Anheuser-Busch (Budweiser) are competing against each other to try to capture a larger share of the US beer market by conducting national advertising campaigns. The NFL offers the best target market audience (males, aged 18-34) because young men are the largest customer group for these companies beer products.
Each company had two advertising choices:
1. Advertise $100M annually for each company with the NFL. This would lead to profits for each company of $2B annually; or
2. Advertise $200M annually for each company with the NFL. This would lead to profits for each company of $1B annually.
However, if one company advertised $200M, while the other remained at $100M, the beer company that increased its advertising would have profits of $2.5B while the other company would have profits of $500M.
What profit outcomes will occur for Coors and Anheuser-Busch given the above framework? What is the impact on the NFL? Assume the management teams of Coors and Anheuser-Busch Make have complete knowledge (i.e. perfect information) on all of the possible outcomes, not only for their own company, but for their competitor. Make sure to draw a payoff matrix to support your answer.
In: Economics
Imagine that you are in the following real life situation. You are working in the human resources department of a company. You are conducting a study of gender equity in the workplace. You find that the company employs more men than women and that men are on average paid more than women at the company. However, you also find that women are paid more than men with the same job title. Do you think that the firm is discriminating based on gender? What steps would you take to address any possible biases?
In: Economics
In the AD-SRAS-LRAS model, what happens to the price level and the unemployment level in the short-run when there is an increase in consumption spending (C)?
Group of answer choices
a.Price level increases and unemployment level increases.
b.Price level decreases and unemployment level falls.
c.Price level increases and unemployment level falls.
d.Price level decreases and unemployment level increases.
Output gap is the difference between:
Group of answer choices
a.Nominal Output and Short-Run Output
b.Real GDP and Nominal GDP
c.Actual output and Potential Output
d.Final output and intermediate output
The unemployment level associated with the potential level of output is called the:
Group of answer choices
a.Seasonal Unemployment.
b.Structural Unemployment
c.Cyclical Unemployment
d.The Natural Level of Unemployment
The Sticky Price Theory states that:
Group of answer choices
a.SRAS is upward sloping because some firms are slow to respond to overall price level changes in the economy.
b.SRAS is downward sloping because some firms are slow to respond to overall price level changes in the economy.
c.LRAS is vertical because some firms are slow to respond to overall price level changes in the economy.
d.LRAS is downward sloping because some firms are slow to respond to overall price level changes in the economy.
The primary difference between Real and Nominal Wage is that:
Group of answer choices
a.Real Wage does not account for inflation, whereas Nominal Wage does.
b.Real Wage does not reflect the purchasing power, but Nominal wage does.
c.Real Wage is reported, while Nominal Wage is not.
d.Real wage accounts for inflation, whereas Nominal Wage does not.
In: Economics
Suggest a policy aimed at encouraging female workforce
participation and briefly explain how it might achieve this goal
(you can draw upon relevant topic 1 material in the textbook or
your own research to identify such a policy). Be sure to reference
the source of your information.
From your reading of the assigned article, discuss whether such a
policy measure can have “unintended” positive impact on the
environment.
In: Economics
5) The demand for a good varies A) directly with the prices of substitutes and also directly with the prices of complements. B) directly with the prices of substitutes and inversely with the prices of complements. C) inversely with the prices of substitutes and directly with the prices of complements. D) inversely with the prices of substitutes and also inversely with the prices of complements. 11) Over the past decade technological improvements in producing computers have increased A) both the supply and the quantity supplied. B) the supply but not the quantity supplied. C) the quantity supplied but not the supply. D) neither the supply nor the quantity supplied. 17) When the price is below the equilibrium price, the quantity demanded A) is less than the equilibrium quantity. So is the quantity supplied. B) is less than the equilibrium quantity. The quantity supplied exceeds the equilibrium quantity. C) exceeds the equilibrium quantity. So does the quantity supplied. D) exceeds the equilibrium quantity. The quantity supplied is less than the equilibrium quantity. 18) Which of the following correctly describes how price adjustment eliminates a shortage? A) As the price rises, the quantity demanded decreases while the quantity supplied increases. B) As the price rises, the quantity demanded increases while the quantity supplied decreases. C) As the price falls, the quantity demanded decreases while the quantity supplied increases. D) As the price falls, the quantity demanded increases while the quantity supplied decreases.
In: Economics
Use the following words to script that mirrors a conversation that you might have with a family member regarding annual property taxes paid on your house/property. a. Property Tax b. Percent of Appraised Value c. Mills (Millage Rate) d. Ad Valorem Tax e. Real Estate or Real Property
In: Economics