What is the difference between import-substitution industrialization and export-oriented industrialization, Why did one method seem to work better than the other as a means to help countries develop economically (have economic growth and provide jobs).

Suppose the monopolist has a cost function of TC=2q^2+20Q+40, and faces a market demand of P=300-3Q.

a) In order to maximize profits, how much should the firm produce?

b) What price should the monopolist charge?

c) How much is the consumer surplus in this case?

d) How much is the producer surplus?

A and B live in neighboring apartments with two commodities, money and smoke (from cigarettes). For A, both money and smoke are good, and he is endowed with $eA. For B money is good but smoke is bad. He is endowed with $eB. Smoke is measured on a scale from 0 (none) to 1 (too difficult to breathe). Assume both agents have well-behaved preferences. (a) Use the Edgeworth box with money on the horizontal axis and smoke on the vertical. Where are all the efficient allocations of noise and money? Is the initial allocation efficient? Explain. (b) Assume that B is assigned the property of the smoke pollution, thus he can sell ”the rights to smoke pollution”. Will there be any smoke pollution? If so, how much pollution and what will be the price for this amount of smoke pollution? What important economic proposition just has been verified? (c) Suppose that A has the property rights to smoke pollution but B is unable to make a deal with A due to transaction costs. The landlord proposes a fee for every hour A smokes. Is A going to change his behavior in response to this fee? Explain.

1.You have retired after having a successful career and you have decided to construct a swimming pool in your backyard within the next 12 months.

a.) Complete a project over view for this project.

1. Is there a presence of economic profit for Microsoft (Monopoly)?

Long run-

Short run-

2. Is there a presence of economic profits for Netflix (oligopoly)?

Long run-

short run-

3. Is there a presence of economic profits for Mcdonalds ( Monopolistic Competition)?

Long run-

Short run-  

5. Suppose that the price of gasoline rises sharply. What do you think would happen to the demand for smaller, more efficient cars? For leisure goods (like above ground pools)? For employment in the tourism industry? For goods that are trucked in from out of state? For energy sources other than gasoline? For oil drilling companies? For firewood?

For most business firms that sells a particular good on the market, a decision has to be made from time-to-time to either raise the price of the good, lower the price of the good, or keep the price of the good unchanged. Today, considering what the U.S. is going through (pandemic), what do you anticipate prices to do now and over the next six months for the following items? 1. Gasoline 2.Tomatoes 3. Housing When would you recommend raising the price of the good? Explain why. When would you recommend lowering the price of the good? Explain why. When would you recommend keeping the price of the good unchanged? Explain why

Choose one of the questions below to discuss. (200 word min)

1. What is meant by the term "open economy"? "Closed economy?"

2. What imported goods do you often buy? How would you be affected if the U.S. restricted international trade or stopped trading with other nations entirely?

3. What happens to the trade from either developed or underdeveloped nations when monopoly export and import agencies are set up? Why?

4. What are the differences between common markets, custom unions and free trade agreements? Which of these is the most comprehensive form of trade agreement.

5. What was the basic role of GATT? What is the basic objective of the WTO?

6. What are the major threats to further world trade liberalization?

7. What are the differences between the static vie of comparative advantage and the dynamic view of growth?

According to the long run money market model, if money supply is growing at 4% in the

United States and 5% in the United Kingdom, while real GDP is rising at 2% in the United States, and at

1% in the United Kingdom, what will happen to the nominal exchange rate between USD and British

pound? What is the rate of expected depreciation?

What is the fair

-return price for a regulated natural monopoly and why is this more usual that the

socially optimal price?

The relationship between consumption and disposable income is such that as

Group of answer choices

consumption rises, disposable income falls

disposable income rises, consumption falls

disposable income rises, consumption rises

disposable income rises, saving falls

The federal government’s principal tool in altering consumer spending is

Group of answer choices

changing corporate taxes

changing federal sales taxes

changing unemployment insurance benefits

changing personal income taxes

The difference between disposable income and consumption spending is

Group of answer choices

transfer payments

personal taxes

saving

personal investment

The relationship between consumer spending and disposable income is called the

Group of answer choices

consumption function

income function

marginal income function

taxation function

. Suppose we started out at the steady state capital stock in the basic Solow growth model. If the government increased the budget deficit (ceteris paribus) with no effect on the demand for loanable funds from private businesses, then we would expect to see what effects on

a. the nation’s capital stock as we move from the original steady state to the new one (and output per worker, y).

Why is the normal distribution so important? What's the big deal behind it, and why do statisticians care so much? Are real-world data really normally distributed?