Give a couple of examples for cases with 'asymmetric information'.
What happens in such markets? write 300 words
In: Economics
In: Economics
In one typed page, discuss an instance (from real life) of a government (the US government or a foreign one) taking action to promote competition / break-up monopolies. Explain the government’s motivation in this.
Please provide reference if available
In: Economics
1) Consider tight fiscal policy done in a large open economy.
As a result, world real interest rates will _______ and the real exchange rate will ________.
A. rise; rise
B. fall; fall
C. rise; fall
D. fall; rise
2) In order to use the Solow growth model as we've been doing in this unit, putting production functions in per-worker terms, when all inputs used in production are increased by 10%, output must
A. remain constant
B. increase by 10% or more
C. increase overall but remain constant in per-worker terms
D. increase by exactly 10%
In: Economics
William McChesney Martin, chair of the Federal Reserve from 1951-1970, famously said that the job of the Federal Reserve is “to take away the punchbowl just as the party gets going.”
A) What does this mean?
B) What are the consequences of failure to do fulfill this job?
C) How does this highlight the reasoning that elected officials should not be involved in monetary policy?
Please help with A, B, and C. Thank You.
In: Economics
In: Economics
What is the difference between a tit-for-tat strategy and a trigger strategy?
In: Economics
Question 3
The town of Cypress Creek is preparing to go to war against the American government. To do this, it is building a giant satellite laser! To build the laser, the government of the town will resort to taxation to fund its expenditure. The initial economy of Cypress Creek can be expressed by the following agents:
Consumers, C = 25 + 0.95(Y-T)
Output, Y = 5000
Government expenditures, G = 2000
Taxation, T = 2000
Investors, I = 750-125r
Markets are fully competitive and the equilibrium condition for markets are:
Goods and service market: Y =C + I + G
Financial market: I = S
When it builds the Satellite, government and taxation change to
Government expenditures, G = 4000
Taxation, T = 4000
Hank Scorpio, the towns' founder, announces that "even by increasing government spending and
taxation, we are not worst off, as production has not changed!"
i) [2 points] check to make sure output does not change.
j) [2 points] find the consumption level in both scenario's (low and high government spending)
k)[3 points] who is paying for the burden of taxation? (how is this new spending/taxation being
distributed between investors and consumers)
l)[2 points] as the government increases its spending (G from 2000 to 4000) why won't output
change?
Hank Scorpio makes another announcement "People of North Haverbrook! We must all work together in this to crush the American Government - I implore you to save you wages! Don't spend!"
m)[2 points] by how much would consumers need to reduce their Marginal propensity to consume
(MPC) such that the market clearing interest rate does not change?
n)[2 points] Who will end up paying the burden of this project? (consumers or investors? And by
how much?)
In: Economics
Prepare a 700- to 1,050-word paper defining logistics and discuss how logistics influences the supply chain. Define logistics and discuss the increased importance of logistics on satisfying customer requirements for a product or service. Identify and describe the managerial issues that influence logistics and directly impact the supply chain. Drawing on personal experience, provide an example of a logistics managerial issue which lead to customer dissatisfaction, and one example where logistics plays a crucial role in customer satisfaction.
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hi! can you make me a long essay with theme "Improving Quality on Economics" It's up to you what did u waant to improving as long as its economic topic. min 300 words and dont copy from the internet. thank you
In: Economics
In: Economics
Microeconomic question: Discuss relatively low level of maximum interest rates which banks are allowed to charge their customers.(200 words)
In: Economics
| Which of these statements is true? | |||||||||
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| All of these explain a change in long-run aggregate supply EXCEPT: | |||||||||
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| In late 2015, Congressional House Speaker Paul Ryan helped pass a major budget bill signed by President Obama that eliminated many of the “sequester” provisions, or automatic spending cuts, that were implemented in 2013 after a significant political gridlock. Many economists applauded the elimination of the spending cuts because they felt the cuts increased the risk of another recession. Using the AD/AS model and what you know about the spending multiplier, explain why economists would come to this conclusion. | |||||||||
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| When the economy is hit with a supply shock, such as higher prices for energy, food, or raw materials, is this doubly disruptive and harmful to the economy? | |||||||||
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In: Economics
Suppose market demand for a good is MB = 100-2Q and the marginal cost of supplying the good is MC = 40 + 8Q.
a) i) What is the MB of the 5th unit? ii) What is the TB from 5 units? iii) What is the MC of the 5th unit? iv) What is the TC of 5 units? v) What is the NB of 10 units? vi) Which unit has MB of $40? Of $60? (vii) Which unit has MC Of $40? Of $60? viii) How much benefits would a 6th unit add to total benefits? (ix) How much cost would a 6th unit add to total cost?
b) Calculate the following assuming the market acts competitively: market Q, market P, consumer surplus, producer surplus, net benefits.
c) Repeat part b assuming the market is a monopoly.
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What defines a “rat race”? What makes consumption into a “rat race”?
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