Explain and illustrate the following statement: “ A deficit on the balance on current account will impose severe constraints upon domestic economic policies”

What is the Sweezy oligopoly market structure: a. Identify the optimal price and output to maximize profits.

b. Why is the price sticky?

c. Identify the cost of each firm?

Frank spends a total of $2500 per month on rent for his apartment: he spends $1250 of his own money and . receive a cash reimbursement of $1250 from his employer. The employer is in the process of adopting a new policy that would provide him a lump sum transfer of $1250, which can be used for housing or other goods. Using a graph, demonstrate whether Frank would prefer the current program, the proposed program, or would be indifferent between the two.

Q1. What are the key features of Keynesian Economic Systems as a distinct macroeconomic transformation from the Classical form of Market Capitalism? Give an example in the context of US economic systems that changed in the 1930s.

1(a) Give a numerical example which illustrates how a country could have absolute disadvantage in the production of 2 goods but could still have a comparative advantage in the production of one of them. Explain!

(b)    Explain how the process of arbitrage could achieve Purchasing Power Parity?

What caused the 2008 financial crisis? What do you consider to be the three most important factors? (Describe three and make an argument.) Use Stiglitz and White Reading and PP March 28 – financial crisis.

1. (a) Provide the formula for calculating Price Elasticity of Demand.

(b) Explain each variable in the formula you provided above.

2. Explain how the formula is used to make decisions regarding increasing revenue

These questions are based off the new 2020 Mercedes C-class model commercial- The ad is called, "Non-stop Engineering tv commercial.

a. Identify metrics of success/failure. Use secondary sources and/or corporate communications to support your metrics choices. (Talk about social media insights, sales, etc.)

b. Based on those metrics, evaluate the effectiveness of the television campaign. Thank you!

I chose utilitarianism.

Utilitarianism: the government should chose policies that maximize the total utility of everyone in society. For example, giving $100 to a homeless person would have a bigger impact on his total utility or 'happiness' than giving it to millionaire money who probably see it as are change and therefore has little impact on his well-being.

Respond to the following prompts in a post with a minimum of 250 words

• Imagine you are a policymaker, pick one of the three political philosophies (mentioned above) that you agree with? Give your reasons. What are the arguments against the philosophy you have chosen?
• Give examples of antipoverty government policies which align with your chosen philosophy.
• How important is it to study poverty and income inequality in economics? Explain you answer.

8. The reserve requirement, open market operations, and the moneysupply

Assume that banks do not hold excess reserves and that households do not hold currency, so the only form of money is demand deposits. To simplify the analysis, suppose the banking system has total reserves of $400. Determine the money multiplier and the money supply for each reserve requirement listed in the following table.

(CHART GOES RIGHT HERE INSTEAD OF THE Bottom)

A higher reserve requirement is associated with a (smaller/ larger) money supply.

Suppose the Federal Reserve wants to increase the money supply by $200. Again, you can assume that banks do not hold excess reserves and that households do not hold currency. If the reserve requirement is 10%, the Fed will use open-market operations to (buy/SEll).   _______$ worth of U.S. government bonds.

Now, suppose that, rather than immediately lending out all excess reserves, banks begin holding some excess reserves due to uncertain economic conditions. Specifically, banks increase the percentage of deposits held as reserves from 10% to 25%. This increase in the reserve ratio causes the money multiplier to(FALL/RISE) to( 1, 2.5, 4,5,10) . Under these conditions, the Fed would need to (BUY/SELL)   _________ $ worth of U.S. government bonds in order to increase the money supply by $200.

Which of the following statements help to explain why, in the real world, the Fed cannot precisely control the money supply? Check all that apply.

-The Fed cannot control whether and to what extent banks hold excess reserves.

-The Fed cannot control the amount of money that households choose to hold as currency.

-The Fed cannot prevent banks from lending out required reserves.

what are some consequences of using community rating

What are the indicators of economic development, performance and potential. Give examples.

In detail discuss what the slutsky equation is and it's importance in consumer theory

Suppose there are 2 countries A and B. each country can produce two goods X and Y. each country has 100 work units allocated to the production of goods X and Y Lx + Ly = 100
export the production capacity curves (PPFa, PPFb) for countries A and B

250 to 350 words required

In understanding the process of the rapid transformation of economic systems in many nations in the world from the beginning of the 1990s, briefly explain why the freedom to choose the right theoretical foundations still do matter to develop an appropriate economic system for economic growth and better income distribution of a society