What strategies should social media companies (Twitter, Instagram,facebook) take when approaching sport and sport marketing? What will drive users, ad sales, and revenue? Why?

(a) If your utility is represented by u(x; y) = min(x+2y; 2x+y);what
do your indi¤erence curves look like?
(b) Given your answer in (a), obtain the MRS (marginal rates of sub-
stitution).
(c) Suppose the prices of x and y are px = $3 and px = $1 and you
have 100 dollars. What would you choose?
(d) If px decreases to $1; what would you choose?
(e) Use the Slutsky decomposition to decompose the total price e¤ect
into the substitution e¤ect and income e¤ect when px decreases
from $3 to $1:

To test the effectiveness of a job training program on the subsequent wages of workers, suppose
we estimate the following model using individual level data:

log(wage_i) =b₀ + b₁train_i+ b₂ educ_i + b₃ exper_i + b₄ part-time_i + u_i (3)
where train=1 if a worker participated in the program and =0 otherwise, educ=the years of
education a worker has, exper=the number of years of work experience the worker has, and parttime=
1 if the worker held a part-time job(<30hrs/week) and zero otherwise. The error term, u,
contains unobserved worker ability (or motivation or enthusiasm).

a) If less able workers have a greater chance of being selected for (and participate in) the program,
and you use an OLS analysis, what can you say about the likely bias in the OLS estimator of b₁?
Explain/show how you arrived at this expectation of the bias. [3]

How long do you think it will take for U.S. gasoline demand to shed the influence of COVID-19? Explain.

Suppose the U.S. is considering raising the tariff on Chinese steel. The steel industry is the primary employer in the state of New Colombia. If a Senator from New Colombia votes to impose the tariff, does public interest theory or public choice theory better explain this behavior?

1. How many total local governments does Texas have: A. 254 B. 900 C. 1200 D. 5,147

2. In the American federal system, states possess police powers, the authority to regulate: A. International trade B. Currency C. Immigration D. Health, safety, and morals

3. Constitutionally, municipalities and local governments are: A. creatures of the nation B. Creatures of the state C. Independently sovereign entities D. Confederal

4. Which of the following words describes the relationship between state and local governments? A. Unitary B. Federal C. Dual D. Independent

5. The HCC system is an example of a: A. Multi purpose governing unit B. Independently sovereign entity C. Limited purpose governing district D. General law municipality

6. Which of the following does your textbook argues is the most visible example of a general purpose government? A. Cities B. Independent school districts C. Emergency services districts

D. The port of Houston authority

7. The process for establishing a city is called: A. establishment B. Ordination C. Incorporation D. Settlement

8. The purpose behind having a city manager is to ____ the running of city government. A. Politicize B. Bureaucratize C. Professionalize D. Stabilize

9. What powers does a strong mayor have that a weak mayor lack? A. Can appoint an remove heads of departments B. Has control over budget formation and execution C. Can veto actions of the city council D. All of the above

10. Why are turnout races in local elections so low? A. They tend to be held in odd numbered years B. They are often held in May C. They are often uncontested D. All of the above

11. All but Which of the following is a service provided by local governments. A. Water supply B. Sewage disposal C. Highway construction D. Building code enforcement

12. What percentage of Texans live in the 10 largest counties? A. 15% B. 27% C. 43% D. 59%

13. What percentage of Americans contribute to a political candidate or party? A. 16% B. 26% C. 36% D. 46%

14. According to your textbook, which of the following is the most common type of activist? A. Campaigners B. Complete activists C. Inactives D. Communalists

15. Which of the following criteria does the US Constitution does prohibit states from using in denying the right to vote? A. Failure to pay a poll tax B. Failure to register to vote C. Race D.gender

16. Texans must register to vote: A. At least 30 days prior to an election B. At least 15 days prior to an election C. The same day as the election D. Texas does not have voter registration requirements

17. Which of the following is not a reason why someone can be denied the right to vote in an election in Texas? A. They are not U.S citizens B. They have committed a felony C. They do not live in Texas D. They have been declared mentally incapacitated

18. Approximately what percentage of Texans vote in presidential elections? A. 30% B. 40% C. 50% D. 60%

19. Approximately what percentage of Texans vote in mid term elections? A. 30% B. 40% C. 50% D. 60%

20. Where does Texas rank in terms of voter turnout? A. At the top B. Above average C. Average D. Near, or at the bottom

21. The poll tax in Texas originally targeted A. Pollsters B. The wealthy C. Low income white farmers D. Women

22. Since 1972, Texas has had _____ registration A. Annual B. Bi annual C. Permanent D. No

23. The laws that regulate elections in Texas are contained in the A. United States Constitution B. United States Elections Code C. City Charters D. Texas election code

24. Which two parties have qualified as minor parties in recent elections? A. The Green and Libertarian Parties B. The Democratic and Republican Parties C. The Socialist and Communist Parties D. Trick question: there are no minor parties in Texas

25. A major party in Texas must select its nominees in a A. Party caucus B. Primary election C. Party convention D. Party lottery

26. The courts have ruled that parties are not _____ and their actions are subject to control by state law. A. Public organizations B. Private organizations C. Limited liability corporations D. Non-profits organizations

27. Who ultimately makes the decision to run for public office? A. Party leaders B. The governor C. The candidate D. The president

28. Primary elections are administered by A. The national party B. The local party C. The county government D. The municipality

29. By Texas law, special elections can be held in A. January B. May C. August D. All three months

30. What is the final process in amending the Texas Constitution? A. The signature of the governor B. The approval of the president C. A Majority of the Texas electorate D. Trick question: the Texas Constitution cannot be amended

31. Your textbook argues that 30 and 40 years ago, ______ were rarely a facet of state and national politics. A. Social issues. B. Economic issues C. Tariffs D. Foreign affairs

32. Texas campaigns until the 1920s focused on A. The Civil War B. International commerce C. Local affairs D. Relations with Mexico

33. Which of the following is a key factor in the increased costs of campaigns? A. Media advertisement B. Professional consultants C. Full time paid staff D. All of the above

34. Most of the money spent in political campaigns come from A. The national government B. Business PACs C. Small donations of less than $250 D. Labor unions

35. What is the limit on PAC contributions in statewide races in Texas? A. $500 B. $500 per candidate C. $5,000 per candidate, but they must be in the same party D. No limit

36. According to your textbook, a political party is an organization that acts as _____ between the people and government. A. An Intermediary B. A facilitator C. A filter D. An umpire

37. The principle goal of a political party is to A. Serve then interests of all the people B. Expand the electorate C. Make it easier for people to vote D. Have it’s members elected to office

38. What factors, according to your textbook, have been central in the development of political parties in this country. A. They are expedient and useful B. They are mandated in the US and Texas Constitutions C. They are the only political organizations allowed by law D. Membership in political parties is a requirement in order to vote in elections

39. The divisions between the first two major parties in the US centered on all but which of the following issues? A. Slavery B. The proper role of the federal government with the states C. Financial policy D. Foreign affairs

40. According to your textbook, parties in the United States consist of coalitions of A. State parties B. Business groups C. Local party machines D. Elites

41.Most candidates within parties _____ to run for office A. Are recruited B. Self select C. Are required D. Re chosen by a lottery

42. Politics was primarily _____ from the 1790s to the 1970s. A. Capital intensive B. Ideological C. Labor intensive D. Media driven

43. In party machines, candidates for office were selected by A. The governor B. The president C. Candidates themselves D. Party leaders

44. Which of the following people, according to your textbook, was a “kingmaker” in Texas politics from the 1890s until the early 20th Century? A. Colonel Edward House B. Sam Houston C. Jesse Jones D. Lyndon Johnson

45. During the 19th Century, when Local and state parties were powerful, their power rested at least partially on A. Their control over campaign funding B. Their control over the distribution of government jobs and contracts C. Their ability to print ballots D. All of the above

46. Among the factors that have weakened parties in the 20th century are A. Candidates selecting themselves to run for office B. Candidates running their own campaigns C. The rise of PACs D. All of the above

47. All but which of the following is an example of capital intensive politics. A. Online advertising B. Polling and survey research C. Television advertising D. Political rallies

48. All but which of the following weakened the power of parties during the progressive era. A. The use of the anonymous ballot B. The rise of the civil service system C. The use of the primary election to determine party candidates D. The creation of cities

49. Your textbook suggests that the United States has a A. 2 party national system B. 50 state party system C. 2 party state system D. 1 party national system

50. In Texas, the _____ dominated state politics for roughly 100 years following Reconstruction. A. Populist Party B. Republican Party C. Democratic Party D. Peoples’ Party

Compare the features of the classical economic model to the Keynesian economic model. How do these models influence the aggregate demand curve and the aggregate supply curve? Which model, in your opinion, benefits the economy in the long-run?

a) A duopolist faces a market demand curve given by
P = 56-2Q . Each firm can produce output at a constant MC
of $20 per unit. find the equilibrium quantity for the market.

b) A duopolist faces a market demand curve given by
P = 56-2Q . Each firm can produce output at a constant MC of $20 per unit. Firm one is the leading firm and makes the first decision. find the equilibrium quantity for the market.

Use supply and demand curves to assess the market for physicians. Suppose the number of medical school slots increase dramatically. How would this increase influence the number of physicians in a given market and the potential salaries earned by newly minted physicians? Use another graph to illustrate the impact on the number of physicians and the salaries they earn if a state expanded the number of people covered on Medicaid.

Assignment Put the right answer in the [brackets].

Business Law Assignment

Joseph Drew, doing business as Sports Fanatic, 842 Colorado Blvd., Pasadena, CA, entered into a contract to sell a football to Robert Mortimer (1287 S. Los Robles Ave., Pasadena, CA). The written contract was executed on October 5, 2019. Mortimer had done business with Drew in the past. The transactions had involved Mortimer informing Drew of items he was interested in and Drew acquiring them for resale to Mortimer. The price for the football was $4,400, payable within 30 days of delivery. Drew obtained the football in October 2019 and made the ball and supporting documentation available to Mortimer for inspection on November 2, 2019.

However, on November 22, 2019, Mortimer notified Drew that the football was not the original and refused to accept delivery or pay. Mortimer stated that Drew had not provided adequate proof of authenticity (provenance) for the football and, as a result, Mortimer could not determine that it was the original.  

The football that Mortimer wanted was from the 1989 Super Bowl.

Along with the football, Drew had presented affidavits from the 49ers stating that this was the actual game-winning ball.

Drew is willing to walk away from the deal as long as Mortimer reimburses his expenses of $567.

Draft a release and settlement agreement for Drew to present to Mortimer. Use and modify, as required, the following form agreement. The bold bracketed instructions show you what information is required. Replace the bracketed-bold instructions with the required factual information from the above-fact pattern.

Date the proposed agreement as January 6, 2020.

AGREEMENT FOR RELEASE OF CLAIMS AND RESCISSION OF CONTRACT

This Agreement for Mutual Release of Contractual Claims and Rescission of Contract is entered into on [date of release], at [name of city], [name of state], by and between [name of first party], of [address of first party], referred to in this Release as [“First Party”], and [name of second party], of [address of second party], referred to in this Release as [“Second Party”].

RECITALS

This Agreement is made and delivered with reference to the following facts:

A. On or about [date of contract], the parties entered into a [written/oral] contract pursuant to which [statement of material provisions of contract under which claims arose], referred to in this Release as “the Contract.”

B. After the parties entered into the Contract, [description of any pertinent acts or omissions occurring after parties entered into contract].

C. A dispute has arisen between the parties concerning their rights and obligations under the Contract. [First Party] contends that [statement of contentions of [first party] concerning rights and obligations under contract] and [Second Party] contends that [statement of contentions of defendant or second party].

D. The parties have reached a settlement and compromise of the dispute between them consisting of a mutual release of claims and rescission of the contract. This Agreement is given and accepted for the purposes of compromising disputed claims and avoiding the expense, inconvenience, and uncertainty of litigation. Nothing contained in this Agreement, nor any consideration given pursuant to it, shall constitute or be deemed an admission of any act, omission, liability, or damages of any party.

E. As part of the consideration for this Agreement Release, [name of party paying consideration] has paid [name of party receiving consideration] the sum of [text dollar amount of payment] dollars, the receipt of which is acknowledged.

RELEASE OF CONTRACTUAL CLAIMS AND RESCISSION OF CONTRACT

1. The parties mutually agree that the above-mentioned contract entered into between the parties on [date of contract], shall be and is rescinded, terminated and cancelled as of [date of release].

2. Each party to this Agreement, now and forever releases and discharges the other party from any and all claims, demands, losses, expenses, damages, liabilities, actions, and causes of action of any nature that in any manner arise from or relate to the formation, existence, performance, or breach of the Contract identified above.

3. Each party represents and warrants that he or she has considered the possibility that claims, liabilities, injuries, damages, and causes of action that he or she does not presently know or suspect to exist in his or her favor may develop, accrue, or be discovered in the future, and that he or she voluntarily assumes that risk as part of the consideration for this Agreement.

4. Each party represents and warrants that he has [consulted with and relied upon legal counsel of his own choosing OR had the opportunity to consult legal counsel of his own choosing but has voluntarily elected not to seek legal advice MAKE SURE TO PICK ONE OF THESE OPTIONS] concerning the parties' settlement and the execution of this Agreement. Each party further represents and warrants that he is relying solely upon his own investigation, knowledge, information, belief, and judgment, or the advice of his own attorney, and not upon any statements, opinions, or representations of any other party or his attorneys, employees, or agents, in settling his claims and executing this Agreement.

The undersigned each affirm that they have read this agreement to release contractual claims and rescind the above-identified contract, understand all of its terms, and execute it voluntarily and with full knowledge of its significance.

[[[DATES OF AND SIGNATURES]]

Explain why, to reduce its current-account deficit, the US must either save more or invest less in its economy.