Discuss the relationship between nodes/cores and peripheral regions. Use BC’s forestry sectors to explain that relationship in a staples economy.

The COVID virus has had an impact on all facets of our economy. Please discuss the impact it has had on each of the variables below over the net 12 months. Explain if the will increase, decrease, or remain unchanged and the reasoning behind your decision. You do not have to cite the textbook, but all other sources should be cited according to APA format.

1.G (government) 2.Exports 3. Government budget (T-G) 4.The value of our dollar in comparison to the US dollar. 5.The supply of money (M1) 6. The prime interest rate

log(wagei) = β0 + β1edui + β2log(experi) + β3marriedi + β4blacki + β5southi + β6urbani

Using log(wagei) = 5.354 + .0628edui + .134experi + .218marriedi + (-.198blacki) + (-.099southi) + .179urbani

1. What is the marginal effect of experience

2. A “marriage premium” means that married men earn, on average, more than nonmarried men. Holding education, experience, race, and geographic location constant, what is the approximate difference in monthly salary between married men and nonmarried men? Is this difference statistically significant at the 10% level? 1% level?

3. Modify the model by allowing log(wage) to differ across four groups of men: married and black, married and nonblack, single and black, and single and nonblack. What would it look like?

1. The following table looks at the maximum amount of Televisions and Machines that China and Japan can produce. Assume that the trade-off between Televisions and Machine production in China and Japan is always the same.

1. Draw a production possibilities curve for China and Japan. (Assume that China and Japan produce nothing else except machines and televisions.
2. What is the opportunity cost of producing one more machine in China? In Japan?
3. Identify which country has the comparative advantage in machine production and which country has the comparative advantage in television production.
4. Show how China would benefit from trading with Japan.
5. Show how Japan would benefit from trading with China.

1. Describe the four scales of measurement and give an example of how each could be applied in agriculture.

1. In the IS-LM model, analyze the effects of increased optimism among banks on all the endogenous variables (Y, r, I, S, C, T, L1, L2).

Suppose that Meghan earns $2,000 this month, and $2,200 next month
with a utility function over consumption in these two periods given
by U(C1, C2) = C1C2, where MUC1 = C2 and MUC2 = C1. Suppose that
the deposit interest rate is rL = 1%, while the credit interest
rate is rB = 2% + x%, where x is 4.
a) Draw a graph with Meghan’s budget constraint for consumption in this month
vs. next month.

b) Will Meghan borrow or save, or neither?
c) How will your answer change if the interest rates rL and rB both increase by 5
percentage points?

In the U.S. agribusiness industry the farmer is a price taker and the businesses selling to and buying from farmers are price makers. True or False?

Labour Market – Definition & measurement of:

•    Unemployment rate

•    Participation rate

•    Involuntary part-time rate

•    Working-age population

• Labour force

•   Employment

• Unemployment Employment-population ratio

• Types of unemployment – e.g., frictional, structural, cyclical

•   Definition of full employment (Tip: full employment does not mean zero unemployment)

•   Natural rate of unemployment

•    Unemployment and the business cycle (Note: unemployment tends to rise when the economy is contracting (in recession) and fall when the economy is in an expansion.

Suppose it is mid-2007 and the stock market has been growing rapidly for the past 5 years. Some economists argue that the stock market has become “overvalued” and thus a “crash” is imminent

1. How does a rising stock market affect Aggregate Demand? Show this in an AD/AS diagram.

2. For a central bank that is trying to keep real GDP close to Potential explain what challenges are posed by a rapidly rising stock market

3. Suppose the stock market crashes how does this affect aggregate demand? Show this in an AD/AS diagram.

1. Sandra “has it all”: a handsome and successful husband, a beautiful home in the city, and healthy gorgeous twin girls, aged 5. Most importantly, she is a busy venture capitalist who invests in start up businesses. However, she is also the primary caregiver to her invalid father who refuses to move into a nursing home and lives in his own apartment across town. She is what we call a member of ‘the sandwich generation’ and needs help managing everything.

Sandra decides to advertise and interview for three different positions: 1) a personal caregiver for her father; 2) a nanny for her daughters; and 3) a personal assistant for herself. Her father is a lovely man but holds outdated opinions on a number of issues, including, sadly, Japanese, Germans and Italians. He has never forgiven them for what happened in World War Two. He wouldn’t tolerate anyone of those backgrounds being his caregiver. Sandra would like her daughters to learn Mandarin and so wants to only hire someone Chinese as her daughters’ nanny to speak to them entirely in proper and correct Mandarin. Lastly, her husband is a very jealous man and would not tolerate her having a male assistant so she must only hire a woman for that job.

What Human Rights Code issues must Sandra be aware of in both advertising and interviewing for these positions? Will she be able to hire who she wishes or will there be any HRC violations in any or all of these situations? Refer to case and statute law where appropriate in support.