In Chapter 28, you learned about the concept of comparative advantage. How does this principle apply to people/members in the church? In other words, you may consider that every individual within the Church community has a different/unique role (pastor, praise band leaders, server for meals, children’s ministry, etc) as gifted from God. How does the principle of comparative advantage relate to this situation? For you to receive full credit, please make sure you provide an accurate analysis based on the knowledge of comparative advantage to this given situation. Please do not refer to other sources, other than your textbook. (Due: Day 4(Thursday) by 11:59pm; word count: minimum 300 words).

Use the Gravity model to predict the effect of Brexit on UK’s trade with the EU.

c) What are the trade diversion and trade creation effect of trade agreements? Explain trade diversion and trade creation effect of the following.

1. US getting out of TPP Using the
2. US being part of NAFTA

You have filed a Patent application on March 18th 2020 and have been issued a Patent Application Number. On March 20th your competitor files a Patent application for almost the exact same invention. On September 22 2021 you are issued a Patent. What will likely happen to your competitors Patent Application that is currently in the que? Briefly explain your answer.

2. The engineering team at Manuel’s Manufacturing Inc. is planning to purchase an enterprise resource planning (ERP) system. The software and installation from Vendor A costs $380,000 initially and is expected to increase revenue $125,000 per year every year. The software and installation from Vendor B costs $280,000 and is expected to increase revenue $95,000 per year. Manuel’s uses a 4-year planning horizon and a 10% per year MARR.

a. What is the discounted payback period of each investment (do linear interpolation to answer)?

b. Based on DPBP, which ERP system should Manuel purchase?

Keeping customer lives simple, convenient and more importantly digital, Ooredoo’s Pay+ mobile wallet is
continuing to set the standard in the Sultanate’s evolving payment ecosystem. Developed together with the National
Bank of Oman (NBO), the fast, and secure e-wallet enables customers to make a wide range of transactions from a
single app on their smartphone including payments, deposits, transfers, or withdrawals. Feras bin Abdullah Al
Shaikh, Consumer Director at Ooredoo said, “Pay+ has seen great success since launching in December of last year.
Smartphones are no longer just for calls, messaging and surfing, they have transformed to become an integral part
of people’s daily lives. Through Pay+, customers and merchants are able to leverage Ooredoo’s digital leadership
and strong network as well as NBO’s expertise for a faster, more secure and convenient banking experience on the
go.” Approved by the Telecommunications Regulatory Authority and the Central Bank of Oman, the service allows
customers to use their phones to pay in restaurants and stores, transfer money locally and internationally, make
withdrawals and deposits, top-up mobile credit and make bill payments to any operator in Oman. Moreover, the
app’s robust security features mean that payment information is protected at all times.
Instruction: Please make sure that each answer is having 150 – 175 words (3 x 5 Marks = 15 Marks)
1. What kind of money transactions are discussed in the above case and why?
2. ‘Pay+’ will make Omani economy ‘cashless’ Do you agree / Disagree Justify your answer
3. Describe any two issues related to ‘Pay+’ transactions in Oman.

Specify and briefly explain the four phases of the model of a general financial crisis given to us by economist Hyman Minsky. According to Minsky, the financial system is unstable, fragile and prone to crisis. How does the corona virus pandemic fit into the Minsky perspective?

The demand for a good (X) is estimated to be Q x = 2,200 - 2 Px + 4Py - .1M + .5A x , where A x represents the amount of advertising spent on X and the other variables have their usual interpretations. Suppose the price of good X is $550, good Y sells for $40, the company utilizes 3,000 units of advertising, and consumer income is $20,000.

a. Calculate the own price elasticity of demand at these values of prices, income, and advertising. Is demand elastic, inelastic, or unitary elastic?

b. Calculate the cross price elasticity of demand at these values of prices, income, and advertising. Is demand elastic, inelastic, or unitary elastic?

c. Calculate the income elasticity of demand at these values of prices, income, and advertising. Is demand elastic, inelastic, or unitary elastic?

Please show work.

Consider a rural household thinking about encouraging one or more members to migrate to a city for work. Explain the different mechanisms through which migration may increase (or decrease) that household’s wealth.

In what ways does the Efficient Market Hypothesis challenge the assumptions of Technical Analysis?

What is the implication of the strong form of the Efficient Market Hypothesis (EMH) on the practice of insider trading? Do you think that the strong form of EMH holds

3) Why is the new law allowing the sale of marijuana in Colorado so controversial?

4) Why are the surrounding states suing the state of Colorado?

5) What are the short-term and the long-term effects of smoking marijuana 3-7 times per week for 3 years or more? ..... cognition/memory; male sexual reproduction; motivation Search entries or author

Microeconomics

Construct Production Possibility Frontiers graphs with constant opportunity costs for United States and Chile.  Assume there are two goods in these economies: Wheat and Copper.  If the U.S. puts all of its resources into the production of wheat, it can produce 300,000 units of wheat; if it puts all of its resources into the production of Copper, it can produce 150,000 units of copper. If the Chile puts all of its resources into the production of wheat, it can produce 100,000 units of wheat; if it puts all of its resources into the production of Copper, it can produce 100,000 units of copper.  

            a. Determine the opportunity costs of both countries to produce both wheat and copper.

b. Which country has the absolute advantage in the production of each good? Explain why.

            c. Which country has the comparative advantage in the production of each good? Explain why.

what are the advantages and disadvantages of adaptation in international Marketing

Classical economists argue that a government-imposed minimum wage can cause economic inefficiency, and that increasing the minimum wage can create more inefficiency. On the other hand, Governor Pritzer argues that increasing the minimum wages is economic justice. Do you agree with him? Explain

.

1. vent: Universal K-12 education provides everyone a chance to go to school. (Short Run)

   Question: What is the change in long run aggregate supply (LRAS)?

   	a.	Increase
   	b.	Decrease
   	c.	No change
   	d.	Indeterminate

3 points   

QUESTION 14

1. Event: Universal K-12 education provides everyone a chance to go to school. (Short Run)

   Question: What is the change in equilibrium price level?

   	a.	Increase
   	b.	Decrease
   	c.	No change
   	d.	Indeterminate

3 points   

QUESTION 15

1. Event: Universal K-12 education provides everyone a chance to go to school. (Short Run)

   Question: What is the change in equilibrium real gross domestic product (RGDP)?

   	a.	Increase
   	b.	Decrease
   	c.	No change
   	d.	Indeterminate

3 points   

QUESTION 16

1. Event: Firms expect the price of oil will rise in the future due to unrest in the Middle East. (Long Run)

   Question: What is the change in aggregate demand (AD)?

   	a.	Increase
   	b.	Decrease
   	c.	No change
   	d.	Indeterminate

3 points   

QUESTION 17

1. Event: Firms expect the price of oil will rise in the future due to unrest in the Middle East. (Long Run)

   Question: What is the change in short run aggregate supply (SRAS)?

   	a.	Increase
   	b.	Decrease
   	c.	No change
   	d.	Indeterminate

3 points   

QUESTION 18

1. Event: Firms expect the price of oil will rise in the future due to unrest in the Middle East. (Long Run)

   Question: What is the change in long run aggregate supply (LRAS)?

   	a.	Increase
   	b.	Decrease
   	c.	No change
   	d.	Indeterminate

3 points   

QUESTION 19

1. Event: Firms expect the price of oil will rise in the future due to unrest in the Middle East. (Long Run)

   Question: What is the change in equilibrium price level?

   	a.	Increase
   	b.	Decrease
   	c.	No change
   	d.	Indeterminate

3 points   

QUESTION 20

1. Event: Firms expect the price of oil will rise in the future due to unrest in the Middle East. (Long Run)

   Question: What is the change in equilibrium real gross domestic product (RGDP)?

   	a.	Increase
   	b.	Decrease
   	c.	No change
   	d.	Indeterminate

3 points   

QUESTION 21

1. Event: Decrease in government spending due to concerns about increasing debt. (Long Run)

   Question: What is the change in aggregate demand (AD)?

   	a.	Increase
   	b.	Decrease
   	c.	No change
   	d.	Indeterminate

3 points   

QUESTION 22

1. Event: Decrease in government spending due to concerns about increasing debt. (Long Run)

   Question: What is the change in short run aggregate supply (SRAS)?

   	a.	Increase
   	b.	Decrease
   	c.	No change
   	d.	Indeterminate

3 points   

QUESTION 23

1. Event: Decrease in government spending due to concerns about increasing debt. (Long Run)

   Question: What is the change in long run aggregate supply (LRAS)?

   	a.	Increase
   	b.	Decrease
   	c.	No change
   	d.	Indeterminate

3 points   

QUESTION 24

1. Event: Decrease in government spending due to concerns about increasing debt. (Long Run)

   Question: What is the change in equilibrium price level?

   	a.	Increase
   	b.	Decrease
   	c.	No change
   	d.	Indeterminate

3 points   

QUESTION 25

1. Event: Decrease in government spending due to concerns about increasing debt. (Long Run)

   Question: What is the change in equilibrium real gross domestic product (RGDP)?

   	a.	Increase
   	b.	Decrease
   	c.	No change
   	d.	Indeterminate