Perfectly competitive firms are facing a lot of challenges to be able to raise prices at their firms. Why do you think firms in this market structure are classified as a price taker and why do you think they struggle to raise prices? This assignment will require 3-5 paragraphs.

The U.S. healthcare system is experiencing a shortage of primary care physicians. Discuss at least one non-economic impact and two economic impacts that this shortage creates. Suggest at least one solution to this problem and provide a specific example.

In 2009, the effective income tax rate paid by the top 1% of households in the U.S. was 20.4%, while the bottom two quintiles actually paid _______ effective income taxes. Select the correct answer below:

1.even higher

2.negative

3.the same

4 zero

Which of the following are examples of command-and-control regulation?

Select two correct answers. Select all that apply:

• laws that require the use of filters in automobile tailpipes and smokestacks

• laws that specify the amount of pollution each producer is allowed to emit

• marketable pollution permits

• pollution charges per unit of pollution emitted.

Which of the following is not an example of a public policy goal or initiative that helps to build a ladder of opportunity in the U.S.? Select the correct answer below:

1.improved public schools

2.widespread college loans and grants for those in financial need

3.opportunities for job training and acquiring new skills

4.tax benefits for charitable donations

1.

What is a defining characteristic of a free trade area?

Multiple Choice

• Factors of production are allowed to move freely between member nations.

• Each member country is allowed to determine its own trade policies with regard to nonmembers.

• Member nations are required to have a common currency.

• Member nations are required to have a common monetary and fiscal policy.

• Member nations are required to have a central political apparatus that coordinates economic, social, and foreign policy.

2.

Establishment of the euro required participating national governments to

Multiple Choice

• have a sound fiscal situation.

• have stable exchange rates.

• be democratic in nature.

• give up control over monetary policy.

• have a high degree of price stability.

3.

Regional trade blocs in Africa have been slow to establish mostly because of

Multiple Choice

• significant political turmoil.

• inefficiencies in the economy.

• a lack of willing participants.

• an unwillingness to lower all nontariff barriers.

• a lack of intellectual property rights.

4.

Within a(n) _____, there is a level of economic integration that involves the use of a common currency, harmonization of members' tax rates, and a common monetary and fiscal policy.

Multiple Choice

• free trade area

• customs union

• common market

• economic union

• command economy

5.

The purpose of the Central America Free Trade Agreement is to

Multiple Choice

• lower trade barriers between the United States and the Central American Common Market countries.

• eliminate trade barriers between the CARICOM and Central American Common Market countries.

• reduce of trade barriers between Caribbean Single Market and Economy nations and Central American Common Market countries.

• introduce a common currency for Costa Rica, El Salvador, Guatemala, Honduras, and Nicaragua.

• reduce tariffs and quotas between Costa Rica, Dominican Republic, and Nicaragua.

6.

Since it was introduced in 1999, how has the euro compared to the U.S. dollar?

Multiple Choice

• The value of the euro has been stable against the U.S. dollar.

• The euro's value has steadily appreciated against the U.S. dollar.

• The euro's value initially appreciated and then steadily depreciated against the U.S. dollar.

• The euro has had a volatile trading history against the U.S. dollar.

• The value of the euro rapidly surpassed, and continues to appreciate against the U.S. dollar.

7.

An expected consequence of the implementation of the North American Free Trade Agreement was

Multiple Choice

• low-skilled jobs would be moved out to Mexico resulting in lowering of average wage rates in the United States and Canada.

• increased imports from Mexico would help reduce the huge trade deficit for United States and Canada.

• lower incomes of the Mexicans would allow them to import fewer U.S. and Canadian goods, thereby decreasing demand.

• a large number of Mexican firms would hire low-skilled workers from the United States.

• some U.S. and Canadian firms would move production to Mexico to take advantage of lower labor costs.

8.

The Central American Free Trade Agreement is an agreement to lower trade barriers between six nations and

Multiple Choice

• the United States.

• the EU.

• France.

• the Philippines.

• Germany.

9.

Which of these situations shows how concerns over national sovereignty can act as an impediment to regional economic integration?

Multiple Choice

• Organization of the Petroleum Exporting Countries regulating the supply of petroleum as a cartel

• Asia-Pacific Economic Cooperation failing to establish itself as a regional arrangement

• admission of eastern European nations into the European Union

• Great Britain refusing to adopt the common currency of the European Union, the euro

• rise of the World Trade Organization

10.

What was a change proposed by the Single European Act?

Multiple Choice

• establish frontier controls among European Community countries

• increase the resources required for complying with trade bureaucracy

• place barriers to competition in the retail banking and insurance businesses

• apply the principle of "mutual recognition" to product standards

• reduce costs directly by not allowing lower-cost suppliers into national economies

5. Wardco mining would like to expand operations in a west Texas region affecting a single small town. Expansion would put toxic chemicals into the groundwater that, if untreated, would make the water undrinkable. This is the only effect and, even then, the chemicals breakdown in about a decade. a. If it cost Wardco $40 million to extract the minerals but would cost $10million to treat the water and the value of mined products to customers is $60million, should Wardco be required to pay the cost of treating the water? b. If it cost Wardco $40 million to extract the minerals but would cost $10million to treat the water and the value of mined products to customers is $48million, should Wardco be required to pay the cost of treating the water? Would Wardco do so? c. Suppose it cost Wardco $40 million to extract the minerals and the value of mined products to customers is $48million. It would cost $10million to treat the water but only $5million to buy all the affected residents’ property. Should Wardco be required to treat the water in this case?

Please answer the correct answer and explain it.

1.   In the 1980s, one often-heard explanation for the low levels of net investment in the US and UK was that
a)   developed economies had no incentives for acquiring new capital
b)   investment opportunities were limited because the already large capital stock was inducing a low marginal product of capital
c)   depreciation and obsolescence were so rapid that firms could barely keep up with demands for replacing existing capital
d)   stock market participants sought short-term capital gains from market appreciations rather than long term dividends from investment
e)   rapid price inflation was creating excessive investor uncertainty

Explain your Answer:

2.   Comparing State economies to that of the US as a whole shows that
a)   about half the States are in recession at any point in time
b)   when the US enters a recession, about 20% of the States experience economic expansion, and vice versa
c)   there is very little correlation between the national and regional economies
d)   there is a highly positive correlation between the national economy and most State economies
e)   the 12 Federal Reserve districts experience business cycles independently of each other

Explain your Answer:

3.   Inflation is primarily a problem
a)   because even low inflation rates severely hamper GDP growth
b)   for those who are heavily indebted
c)   when it is volatile and thus unpredictable
d)   because it is severely underestimated, especially when products are improving in quality
e)   for accounting and record-keeping, but it does not affect the actual trading of goods and services

Explain your Answer:

The next two questions refer to the following.

Consider the following hypothetical annual growth rates of real GDP:

Long run trend       1996   1997   1998   1999   2000   2001   2002   2003
  2.5%    3.0%   2.5%   2.0%   -1%   0.5%   2.0%   2.5%   3.0%

1.   1998 appears to have been a year of
a)   economic expansion
b)   recession
c)   depression
d)   growth recession
e)   stagflation

Explain your Answer:

2.   Economic recovery from recession appears to have begun in
a)   1999
b)   2000
c)   2001
d)   2002
e)   2003

Explain your Answer:

Outline all the links in the supply chain for the glass of orange juice you drank this morning. Be as detailed and accurate as possible.

Use this information to answer the questions below:

A regression has been run for you using the SAS and the following regression equation was obtained:

Y = 30-2X + U.

The following data are given to you for your use in analyzing the assumptions about the OLS model.

  1 Give the problem which is caused when serial correlation is present.

  ​(a) If du = 1.40 and dl = .630 is there a problem with serial correlation?

  ​(b) If there is a problem explain how you would fix the problem using first differences. What are the new regression coefficients?

  2 Is there heteroscedasticity exhibited in this model when the appropriate F value is 5.00?

  ​(a) Explain the problem of heteroscedasticity.

  ​(b) How would you correct this problem?

  3 What is multi-collinearity and why should you worry about it.

  ​(a) Why is multi-collinearity more of a problem than serial correlation?

  ​(b) How would you test for multi-collinearity and what might be a solution to this problem? (note: you can not use the data above to answer these questions)

1. Homer Simpson gets a monthly salary of $90, which he spends on donuts and other goods. The donut store charges a price of $3 per donut.

1. Homer always consumes donuts with other goods – 2 units of other goods with 1 donut. Show the indifference map of Homer and determine his best affordable bundle. Briefly explain your method. (5 points)
2. The donut store changes its pricing policy. For the first 10 donuts, the price is still $3, but it is $2 per donut for purchases more than 10 donuts. Draw the budget line of Homer. Show the affordable set. Briefly explain your method. (5 points)

Trade War on Developed Markets is a topic of current event occurring in the business domains.

Need to write a 2-3 pages about this war and how this can affect the economy of business?

Here some questions to help you think about the topic but you can write your own thinking and what you think will affect the economy of business....

us china trade war impact on global economy

Trade war? No trade war? Does it matter? Why should we care?

how this current change economics?!

What caused the US China trade war?

Why China’s Trade War Is Now Seriously Threatened?

Does War Help Economy?

How does a trade war work?

When did the Trade war start?

how this current events affect Business!
what is good side?
what is bed side?
why it is affecting the economy ?
Who is controlling this war?Do trade wars even work?

Why a trade war can’t be won?

etc.....?!

QUESTION 16

World output will be maximized if each country: a. attempts to be self-sufficient. b. specializes in producing those goods in which it has a comparative advantage. c. specializes in producing those goods in which it has an absolute advantage. d. reduces its consumption possibilities. e. equals its consumption possibilities.

1. What are Network externalities? How do they play a role in Networking Effects?

2. Provide three examples of Networking either by specific industry or company and provide examples. Consider interlocking contracts as an option. Be creative.

3. Given that Networking can and does really impact company profitability, how have you integrated Networking in your own education and career path? Provide 3 examples of how you have been or plan to Network.

what is the effect of ICT in corona virus to related in ASEAN