When production of goods and services rises what does it means in terms of economic growth? please explain thoroughly
In: Economics
In the Kingdom of Westeros suppose money supply is $0.5 million, nominal GDP is $10 million, and real GDP is $5 million during this year.
Calculate the price level and the velocity of money for Westeros this year.
Suppose velocity is constant and the Westerosi economy grows in real terms by 5% next year. What will happen to nominal GDP and the price level if the central bank in Westeros keeps the money supply constant? Please explain your answer briefly.
If the central bank wants to keep the price level stable in Westeros, what should it do to money supply instead? Please state clearly how much money supply would need to change and explain your answer briefly.
If the Westerosi central bank wants to have an inflation of 2% (rather than keep prices stable), how should it set money supply? Please explain your answer briefly.
In: Economics
explain the meaning of the torch as symbol in writing
In: Economics
1. What, exactly, are “inventories”? What are the three ‘types,’ or areas, of inventories? 2. Why does a firm hold inventories? In theory, why did that hypothetical car company hold 400,000 cars?? Please discuss three reasons. 3. If our sales volume jumped wildly from month to month, why would it be difficult to match production volume with sales volume each month? 4. What will happen to our “400,000 cars, produced but not yet sold” inventory if, in theory, interest rates were to double, from, say, 10% to, say 20%? Why?
In: Economics
What do you think of different prices for different segments? Do you see any dilemmas?
In: Economics
Evaluate how the major branches of Islam, Sunni and Shia, create conflict. Your response should be a minimum of 200 words.
In: Economics
In: Economics
What is a possible scenario planning and payoff matrices of the business Beyond Meat? (open question)
In: Economics
In: Economics
State a reason(s) why supply-side economics has not reduced income inequality?
In: Economics
Explain the paradox that establishing a union can increase both wages and employment, but once the union is established it must trade off increases in one for the other.
In: Economics
I want atleast 10 lines for each part. Please write your own opinion, dont copy paste.
Qs 1 a.Environmental Economics: How does the scarcity principle apply to the cap and trade system for carbon emissions?
Qs 1 b. Environmental Justice: Do technologically and economically advanced nations have a responsibility to help solve environmental problems in the developing world? Why or Why not?
In: Economics
Question 1: (Reasons for International Specialization) What determines which goods a country should produce and export?
Question 2: (The Current System: Managed Float) What is a managed float? What are the disadvantages of freely floating exchange rates that led countries to the managed float system?
Question 3: (Foreign Aid and Economic Development) Foreign aid, if it is to be successful in enhancing economic development, must lead to a more productive economy. Describe some of the problems in achieving such an objective through foreign aid.
In: Economics
Recently the Bank of Canada (BOC) asked retail stores to continue accepting cash from customers as payment for in store retail sales (ie for groceries or clothing). Why does the BOC have to make this request? Doesn’t Canada’s “legal tender” law require retailers to accept cash as payment by customers? Briefly explain.
In: Economics
The M2 Corporations is considering expanding its ergonomics consulting business. To do so, several pieces of equipment for performing a given analysis technique must be purchased. The CEO estimates that it will cost $155,000 to expand the business, resulting in $32,000 in revenues per year, $12,000 in expenses per year, and a salvage value of $3,000. If the useful life of the expansion is expected to be 15 years, and the corporation's MARR is 15%...
a) Should they undertake the expansion? YOU MUST USE BENEFIT/COST RATIO
b) What would the break-even point be for annual revenues for this problem?
In: Economics