1. Define Monetary Policy 2. Tell how the Fed was created 3. Draw the pyramid 4. Define all of the parts of the pyramid, tell # of members and term limits (if given) for each.

Explain how consumer behavior can be used to affect marketing strategy?

Examine the cultural forces causing behavioral change in global and american society.

Why might CPI not accurately measure real changes in the cost of living? (Discuss
substitution bias, introduction of new goods, changes in quality). Would CPI
overestimate or underestimate cost of living because of the bias?

An economy has no government sector and no international trade. One year, desired investment spending equals $481 billion, consumption spending in this economy equals $623 billion, and total output equals $1,401 billion.

4.1 Is this economy in equilibrium? Explain why or why not.

4.2 What is the unplanned increase in inventories in this economy?

4.3 What is total investment in this economy?

Discussion: Patents & Copyrights

Article 8 of the US Consitution empowers Congress, in part, "To promote the progress of science and useful arts, by securing for limited times to authors and inventors the exclusive right to their respective writings and discoveries."

Some economists consider that patents & copyrights (what is called "intellectual property" or "intangible property") in their current form contribute to stifling innovation and to the unequal distribution of income by taking advantage of monopoly profits. Here is a short discussion of the benefits and costs of patents & copyrights. And here is a discussion of the effects of monopolies on income & wealth (Links to an external site.).

In several paragraphs, discuss whether in your view the patent & copyright system in the United States is perfect as it is, or if it should be modified, and in what way. Please justify your response with evidence from an academic-level outside source.

How does the U.S. economy compare with other market capitalist economies with respect to its degree of industrial concentration and the nature of its antitrust policies?

What are some political economic circumstances in the United States that could impede people from engaging in exercise as prevention for diabetes and cardiovascular disease?

Cultural differences in societies and groups always find their way in to every aspect of civilization, including where we work. You are a very diverse group here and I want you to discuss the following:

Does your organization do an adequate job of embracing diversity within its workforce? Have you ever felt like an outsider or have you ever noticed others being treated as outsiders? Do you feel you do a good job of ingratiating yourself to other cultures, or is this a work in progress?

We understand that transport is derived demand, based on this, justify (with real world examples) why transport economists need to be aware of what is happening in other academic disciplines.

Currently in Zambia, private operators are allowed to provide certain modes of transport. However, some may argue that government should be the only provider of certain modes of transport. Based on this, highlighting both the benefits and the disadvantages of having government being the sole provider of the various mode of transport. Use Zambian examples to justify your answers.

1.

Consider the following combinations of leisure and consumption:

A: $6,000 consumption and 3 days of leisure

B: $4,000 consumption and 5 days of leisure

C: $12,000 consumption and 7 days of leisure

Suppose that points A and B are on the same indifference curve, but C is on a different indifference curve.

Which of the following consumption bundles is definitely NOT on the same indifference curve as point C. [Hint, plotting combinations above may be helpful]

Select one:

a. $3,000 consumption and 4 days of leisure

b. $2, 000 consumption and 10 days of leisure

c. $1 consumption and 30 days of leisure

d. $24,000 consumption and 1 day of leisure

2.

John has convex indifference curves and has a time endowment of 16 hour in each day. John's has a flexible work schedule and can decide how long he wants to work each day for a wage of $10 an hour. John has no outside income. Which of the three consumption leisure combinations will John prefer [based on the properties of indifference curves we have discussed].

Select one:

a. $0 of consumption and 16 hours of leisure

b. $160 of consumption and 0 hours of leisure

c. $80 of consumption and 8 hours of leisure

Was Elon Musk punished for his inventions?

. Consumption vs Saving – What are the short-run and long-run trade-offs between consumption and savings. Answer with reference to the Keynesian model and Solow growth model.

1. When investors expect a country’s currency to strengthen in the future this is likely to result in _________________.

Select the correct answer below:

a. immediate appreciation of that currency

b. immediate depreciation of that currency

c. slow, steady appreciation of that currency

d. slow, steady depreciation of that currency

2. Which of the following is an example of a cyclically unemployed person

Select the correct answer below:

a. Mary quit her job to look for a better paying position with a different company

b. Rohit's company outsourced his position to another country and he was laid off. He needs to train to move into a different type of role.

c. Ron has decided to quit his job to become a stay-at-home dad.

d. Mae was laid off due to decrease in orders for her company's products. The economy is slowing down.

3. Assume that the level of domestic investment in a country rises while the level of private and public saving remains unchanged. In this case, the trade deficit would __________

Select the correct answer below:

a. increase

b. decline

4. One reason to demand a currency on the foreign exchange market is __________________________.

Select the correct answer below:

a. the belief that the currency's value is about to decline

b. the belief that the currency's value is about to increase

5. If a national economy runs a trade surplus, the trade sector will involve a(n) ______________ of financial capital.

Select the correct answer below:

a. inflow

b. outflow

c. shortage

d. balance

6. Suppose an economy has a trade surplus of $50 billion, private domestic savings of $500 billion, a government deficit of $120 billion, and private domestic investment of $570 billion. If the trade surplus decrease to $0, then all else equal by how many billions of dollars must private domestic investment have to change? Use a negative sign in your answer if there must be a decrease in private domestic investment.

Recall the savings investment formula: S+(M–X)=I+(G−T)

Provide your answer below:

1. Does future prosperity depend on the development of renewable energy technologies? Why or why not?

Explain the advantages in "Franchising" and "Acquisitions" when corporations pursue international markets?