What is a political party? Why do we have political parties? What are the two main political parties the United States? What are the pros and cons of political parties? Do you think some individuals put their political party before their country (please give more than a yes or no answer)?

Discuss how multinational company move towards centralization and decentralisation.Discuss how multinational company move towards centralization and decentralisation.

Model saving as fixed (completely inelastic) like the book does for this problem. Draw diagrams to determine the impact of the following event on the real interest rate. Event: a newly elected Congress cuts government purchases significantly. i. What happens to saving in your diagram? a. shifts right b. shifts left c. no shift ii. What happens to investment in your diagram? a. shifts right b. shifts left c. no shift iii. What happens to the equilibrium real interest rate? a. increase b. decrease c. no change iv. What happens to the equilibrium amount of saving? a. increase b. decrease c. no change iv. What happens to the equilibrium amount of investment? a. increase b. decrease c. no change

Starting with a new diagram do comparative statics like you did above for this event: investment demand decreases due to pessimism about business opportunities. v. What happens to saving in your diagram? a. shifts right b. shifts left c. no shift vi. What happens to investment in your diagram? a. shifts right b. shifts left c. no shift vii. What happens to the equilibrium real interest rate? a. increase b. decrease c. no change viii. What happens to the equilibrium amount of saving? a. increase b. decrease c. no change ix. What happens to the equilibrium amount of investment?

After reading Inside Out: Regional Networks and Industrial Adaptation In Silicon Valley and Route 128 by AnnaLee Saxenian answer the following:

1. Please provide a brief summary of the article

2. What are two major insights you get from the article

How does the US economic system differ from a command economic system, and a traditional economic system?

Discuss the importance of interest rates to managerial decision making in the following markets. Please support your discussion with the facts and the data.

a. Goods and services market

b. Money market

c. Property/Asset market

d. Labour market

Respond to the paragraphs below in your opinion.

Ethics is the process by which how human conduct on an everyday basis and laws is a process by which laws are obeyed in a minimum standard behavior. The difference between ethics and law is what a person should do or must do. Ethics is not written as the law, therefore, ethics are not followed like laws are. Both ethics and laws can intersect when deciding ethical principles and moral values. It guides and sets rules for society to do the right thing. Laws are applied to help establish positive conduct in people's lives. In order to live a good life, we apply morals and guidelines.

A relationship between law and ethics is that laws are made based on minimum standards of human behavior in which ethical behavior is applied. One example is following the law within a business by paying taxes because it is ethically the right thing to do and following the rules and regulations that the law establishes is also right.

Illustrate each of the following scenarios. In each case, assume that the corresponding output market is competitive.

a. Equilibrium in a perfectly competitive labor market (be sure to draw both a market and a firm graph).

b. Equilibrium in a monopsony labor market.

c. Equilibrium in a monopoly labor market (for example, a labor market with a union maximizing economic rent).

How would each of the following events affect the quantity of corn supplied in the US and how would the typical corn producer’s profit be affected in the short-term and long-term? a. The price of soybeans increases dramatically overnight i. Supply of corn ii. Short-term profit iii. Long-term profit b. The price of butter and salt fall dramatically overnight i. Supply for corn ii. Short-term profit iii. Long-term profit c. A new machine is introduced that is cheaper and more efficient at harvesting corn i. Supply of corn ii. Short-term profit iii. Long-term profit d. There is a deep depression i. Supply of corn ii. Short-term profit iii. Long-term profit

Explain the need for health insurance in the United States from an economic perspective and address the benefits and limitations of privatized and public provision of health insurance. In doing so explain how each approach deals with the concepts of risk mitigation, adverse selection, and moral hazard

The cost of health care is increasing at a rate higher than inflation. One popular suggestion by policy makers to lower the rate of this cost increase is to (i) rely more heavily on nurse practitioners instead of primary care doctors for certain medical treatments and (ii) to lower the average time patients stay in the hospital and to take care of them at home as soon as possible (in medical lingo this is substituting "outpatient care" for "inpatient care"). What does this imply about the "production function" of health care as a function of labor of doctors and nurses?

QUESTION 53

1. Exhibit 34-5
   

   Country 1		Country 2
   Good A	Good B	Good A	Good B
   100	0	75	0
   80	10	60	30
   60	20	45	60
   40	30	30	90
   20	40	15	120
   0	50	0	150

   
   
   Refer to Exhibit 34-5. The opportunity cost of one unit of good B is __________ for country 1 and __________ for country 2.

   		20A; 15A
   		1/20A; 1/15A
   		10A; 15A
   		1/2A; 1A
   		2A; 1/2A

Suppose that the government imposes a proportional income tax on the representative consumer’s wage income. That is, the consumer’s wage income is

w(1-t)(h-l)

where t is the tax rate. What effect does the income tax have on consumption and labour supply? Explain your results in terms of income and substitution effects.