Questions
Discuss fully Stalin’s efforts to stimulate Soviet industrial and agricultural production through his five year plans...

Discuss fully Stalin’s efforts to stimulate Soviet industrial and agricultural production through his five year plans and policy of collectivization. Be sure to explain the goal, implementation, and overall impact of each policy.

In: Economics

*******Information to know prior to the questions: The product being offered in fresh produce sold in...

*******Information to know prior to the questions: The product being offered in fresh produce sold in a rural area in the midwest. I'm unsure how to answer these questions relating to the topic so any help would be much appreciated. Thank you!!*******

Part I: The own-price elasticity of demand.

Questions:

  1. What can you tell about the own-price elasticity of demand for the product being offered? Why?

  2. How does price elasticity of demand help in business decision making (pricing decision)?

  3. List some strategies to reduce the own-price elasticity of demand.

Part II: Supply

Questions:

  1. Get to know the competition. Since we can observe only one determinant of supply - the number of sellers- evaluate how large the supply is, in other words, evaluate the degree of competition among sellers in the market being served. Who are the competitors? Do not forget about online competitors.

  2. How does market demand and supply affect market prices?


Here is the case:
When trying to decide what type of small business to open, I came to the conclusion that it would be beneficial in my area to open a shop that would sell fresh produce in a small rural town in central Illinois. The town could immensely benefit from a business like this one, as the townspeople currently travel to neighboring counties to obtain these items, and that can be a bit of an inconvenience for some individuals.

In: Economics

Assume the pandemic dies down before the summer, at which time the lockdown closes. Analyze possibilities...

Assume the pandemic dies down before the summer, at which time the lockdown closes. Analyze possibilities for a fast financial recuperation across three situations (1) no unemployment insurance of any sort, (2) unemployment insurance benefits at the pre-pandemic levels, and (3) unemployment protection benefits under the CARES Act.

please give a descriptive solution, using junior year economic vocabulary. Thank you.

In: Economics

how coronavirus effect italian econamy ?

how coronavirus effect italian econamy ?

In: Economics

Opinions are divided when it comes to the evaluation of minimum wage laws. The issue of...

Opinions are divided when it comes to the evaluation of minimum wage laws. The issue of raising the minimum wage is always subject to political debates. Which side are you on when it comes to minimum wages? Should there be one or should we repeal it all together? List your arguments clearly.

In: Economics

In the early eighties, under the Reagan administration, macroeconomic policies in the United States were characterized...

  1. In the early eighties, under the Reagan administration, macroeconomic policies in the United States were characterized by relatively expansionary fiscal policy (fueled by increased defense spending and tax cuts) and very tight monetary policy. Compared to an alternative policy mix which produced the same level of Y using more expansionary monetary policy and more contractionary fiscal policy. Contrast the two different policy mixes graphically and in words. Explain what effects you would expect such policy mixes to have on each of the following:
    1. Interest rates in the United States.
    2. The real exchange rate of the U.S. dollar.
    3. The current account of the U.S. balance of payments.

In: Economics

2. Consider a firm with the following production function: Q = K 1/3 L 2/3 (a)...

2. Consider a firm with the following production function: Q = K 1/3 L 2/3

(a) Consider an output level of Q = 100. Find the expression of the isoquant for this output level.

(b) Find the marginal product of labor, MPL. Is it increasing, decreasing, or constant in the units of labor, L, that the firm uses?

(c) Find the marginal product of capital, MPK. Is it increasing, decreasing, or constant in the units of capital, K, that the firm uses?

(d) Use your result in parts (b)-(c) to find the marginal rate of technical substitution, MRTS, for this firm.

(e) Is the MRTS increasing or decreasing in the units of labor, L? What does that imply about the shape of the isoquant?

(f) Given your result in part (d), what can you say about the firm’s ability to substitute one input for another? (g) Assume now that the firm were to increase all inputs by a common factor > 0. What happens to the output that the firm produces? [Hint: check whether the firm’s production function exhibits increasing, decreasing, or constant returns to scale.]

In: Economics

The condition of the labor market is a central focus of policy makers and households. Let’s...

  1. The condition of the labor market is a central focus of policy makers and households. Let’s consider the overall condition of the American market. Go the website of the Bureau of Labor Statistics, and look at the current summary of the employment situation of the United States (http://www.bls.gov/news.release/pdf/empsit.pdf ).
    1. Tables A and B summarizes the major labor data for the economy. Look over the data and highlight in a paragraph or two what is important over the past three months about labor conditions from both the household and the establishment surveys.

In: Economics

In his Treatise on Money (1930) John Maynard Keynes adopted definitions of saving and investment which...

In his Treatise on Money (1930) John Maynard Keynes adopted definitions of saving and investment which also recognized the possibility of their divergence. How does Keynes’s logic contrast with Hayek’s logic?

economics

In: Economics

The current overnight loans rate is 3 percent, with the Bank of Canada's operating band set...

The current overnight loans rate is 3 percent, with the Bank of Canada's operating band set at 2.75 to 3.25 percent. If the Bank of Canada lowers their operating band to 2.25 to 2.75 percent, which of the following is one of the reasons the overnight rate will fall to within this new range?

Question 44 options:

A) Since the banking system can now borrow from the Bank of Canada at 2.75 percent, no bank would borrow on the overnight loan market at 3 percent.

B) Since the banking system can now borrow from the Bank of Canada at 2.25 percent, no bank would borrow on the overnight loan market at 3 percent.

C) Since the banking system can now earn 2.75 percent from the Bank of Canada, no bank would lend on the overnight loan market at 3 percent.

D) Since the banking system can now earn 2.25 percent from the Bank of Canada, no bank would lend on the overnight loan market at 3 percent.

E) There is a legal requirement that the overnight rate must be within the Bank of Canada's operating band.

In: Economics

Contrast formal and informal communication.

Contrast formal and informal communication.

In: Economics

Use Statistical Tables to test for serial correlation given the following Durbin-Watson d statistics for serial...

Use Statistical Tables to test for serial correlation given the following Durbin-Watson d statistics for serial correlation. Draw a picture for hypothesis testing. State your hypothesis.

  1. d=0.62, K=2, N=21, 5-percent, one-sided positive test
  2. d=3.89, K=3 N=18, 5-percent, one-sided positive test
  3. d=1.31, K=4, N=36, 5-percent, one-sided positive test
  4. d=1.19, K=2, N=85, 5-percent, one-sided positive test
  5. d=1.29, K=4, N=23, 5-percent, one-sided positive test

In: Economics

5.   Who do you think should be blamed for the collapse of the MBS market in...

5.   Who do you think should be blamed for the collapse of the MBS market in the 2007-09 crisis? Why? (You need to name three parties that played a role and explain WHY they should be blamed.)

In: Economics

How would you satisfy both retailers and consumers when using revenue management tactics?

How would you satisfy both retailers and consumers when using revenue management tactics?

In: Economics

What is a pointed purpose of each WACC and NPV?

What is a pointed purpose of each WACC and NPV?

In: Economics