In Chapter 8 of his book, Osberg writes, “When robots can make the robots that can do most of our current jobs, the “Age of Abundance” will be technically possible. It will then be technically feasible for all people to enjoy a full material standard of living and also enjoy many more hours of leisure in which to develop the full potential of their unique personalities.”

While this sounds like the dawning of a utopia, what are the challenges such technological improvement will have on our ability to ensure equitable prosperity? Discuss.

One of the key ways a firm may be a monopoly is through patent protection. Perhaps many of you heard of the infamous case of Martin Shkreli's price hike of a drug called Daraprim from $12.50 to $750 almost overnight (Links to an external site.). Specifically answer this prompt: Should there be a price ceiling placed on patented products? Why or why not? If so, how exactly would you set the price ceiling? Consider the incentives that such a policy may have in the short and long term.

A yes/no/maybe answer to the question with an explanation of your reasoning.Include a detailed and accurate application of one or more of the concepts: patent, legal barriers to entry, economic profit in the short run and long run.

8a.  Until fairly recently, the FED did not pay interest on bank reserves but a few years ago the FED changed its policy and currently pays interest on bank reserves.  Under its original policy, for every $100 in checkable deposits how much did banks sacrifice in lost interest income due to reserve requirements if a bank charged 11% on their loans to the public when the required reserve ratio was set at 8%?  

8b.  For every $100 in checkable deposits, how much would a bank lose in interest income (opportunity cost) due to reserve requirements if banks charged 16% on their loans to the public when the required reserve ratio was 15%?  Finally, if you were an investor holding shares of common stock in a commercial bank, how are bank profits (and therefore your returns) affected by changes in the required reserve ratio?  Similarly, how are bank profits affected by changes in the market interest rates which your bank charges on loans to the public?  

Assume an economy is in long-run macroeconomic equilibrium. The stock market suddenly declines significantly.

- What curve is affected and which way would it shift?

- Explain how the economy will “self-correct” and the reasons why?

- What ‘gap’ is created by the shift in the curve? (recessionary or inflationary gap)

- What would be the appropriate monetary and fiscal policy response be to the station?

T or F

36. GDP= C + I + G + NX; I REPRESENTS CORPORATE INVESTMENTS AND CONSUMERS BUYING

HOUSES FOR THEIR FIRST TIME.

37. PUBLIC TRANSFER PAYMENTS INCLUDES SOCIAL SECURITY, UNEMPLOYMENT

COMPENSATION, AND AUNT TINA GIVING HER FAVORITE NEPHEW $ 250,000.

38. NOMINAL GDP= GDP - INFLATION.

39. DISCRETIONARY INCOME= DISPOSAL INCOME + (EXPENSES – 0) x 1.0.

40. STAGFLATION IS THE WORST OF ATIONS AFTER HYPERINFLATION.

41. MUTUAL FUNDS ARE A POOL OF MANY INVESTMENTS AND GIVES DIVERSIFICATION. THEY

ARE NOT SAFE.

42. THE UNEMPLOYED INCLUDES EVERYONE WITHOUT A JOB AND ARE LOOKING FOR A JOB

DURING THE LAST 4 WEEKS.

1. From society’s perspective, is it better for a market to be served by one firm - a price-setting monopoly, or by many small price-taking firms? Discuss.

2. Explain what monetary policy is, how it is implemented in Australia by the Reserve Bank of Australia, and what type of monetary policy you would recommend the RBA to implement at this point in time.

Please read carefully.

Your younger sister wants to start a business that sells a product in the UAE. She found a supplier in France who can provide her with one of these products:

- Coffee (for 5 dhs/coffee bag)

- Mascara (for 5 dhs/mascara)

From your own words and understanding of entrepreneurial marketing. There is not right or wrong answer as long as you provide good reasons from your understanding of entrepreneurial marketing.

1. Which product do you advise her to sell? (0.5 point)

2. Why? (1 point)

3. Which approach of pricing do you advise her to follow? What price do you suggest? why?  provide complete explanation with example (1.5 points)

4. which approach of selling you advise her to use (direct or indirect) And why? Where do you advise her to sell? and Why? provide complete explanation with example (2 points)

Provide complete long answers with explanation. Avoid short points, show me your understanding.

How does food processing reduce food waste? Explain.

Why is good documentation important in your research reports? Explain why recommendations should be specific and actionable. Provide at least two examples of recommendations that meet this standard.

please write a paper that argues either for or against government intervention in foreign trade. Describe both the benefits and the problems that can occur when governments interfere with foreign trade, describing the different barriers that governments can impose and also the steps they sometimes take to encourage international trade.

13). Jack Daniels is expanding his family-run beer distributorship into Georgia or Tennessee. His parents began the business many years ago and now three generations of Daniels work in the family business. Jack will relocate the entire family (his parents, spouse, children, etc.) to either state after the move. What types of taxes may influence his decision of where to locate his business? What non-tax factors may influence the decision?