Questions
Today and due to the spread of COVID19, we can observe that some sectors in an...

Today and due to the spread of COVID19, we can observe that some sectors in an economy are expanding will others contracting. Using the demand-supply framework, give an example for one industry that is growing and one industry that is shrinking. Use the graphs to explain your idea and demonstrate why this is happening.

I need the answer of minimum 800 words.

In: Economics

●Find most recent tariff rates for 5 food/agricultural commodities in UAE. ●Find at least three or...

●Find most recent tariff rates for 5 food/agricultural commodities in UAE.
●Find at least three or five non-tariff barriers on food imports.
●Reference complete source of information (including web address, if any).

In: Economics

1. what are micro loans give few example on how they can be good and bad...

1. what are micro loans give few example on how they can be good and bad


2. what can be a downside to NGO's (Real life examples pass history examples




In: Economics

As explained in the textbook Principles of Macroeconomics, explain the main factors that led to significant...

As explained in the textbook Principles of Macroeconomics, explain the main factors that led to significant economic growth in the United States during the 20th Century.

In: Economics

Why is producer surplus maximized under perfect price discrimination? 4. What are some ways that a...

Why is producer surplus maximized under perfect price discrimination?
4. What are some ways that a firm can segment its customers?
6. What is incentive compatibility? Why is it necessary for an indirect price discrimination strategy to be incentive compatible?
7. Provide an example of product versioning.
10. What are the two component prices of a two-part tariff?

In: Economics

Suppose two seemingly similar goods or services with significantly different prices. Discuss a minimum of three...

Suppose two seemingly similar goods or services with significantly different prices. Discuss a minimum of three different possible explanations of why those price differences might exist. Be specific about your assumptions. Be clear in why those goods or services have different prices and whether or not those price differences might disappear over time. Give examples of two goods that might fit each of your explanations. What generalizations about how prices relate to one another can you make?

In: Economics

EXPLAIN IN DETAIL HOW THE MULTIPLIER WORKS TO IMPACT GDP?

EXPLAIN IN DETAIL HOW THE MULTIPLIER WORKS TO IMPACT GDP?

In: Economics

10. If a country has rising incomes and people are buying more imports, what do you...

10. If a country has rising incomes and people are buying more imports, what do you expect to happen to the value of that country's currency in comparison with other countries in which incomes are not rising as fast? Explain in your answer how you reached this conclusion by considering demand and/or supply of the currency.

11. Given the following information, what is the price elasticity of demand between $10 and $20 if these are the reservation prices people have for this good.

$5 . $5 . $10 $10 . $10 $10 . $15 . $15 . $20 $20

12.

Given the following information for three goods, which two are substitutes and which two are complements. You don't need to calculate the cross price elasticities here but which will be negative and which will be positive. Explain how you reached these conclusions.

Good A B C
Initial price $50 $20 $40
Later price $60 $20 $40
Initial quantity 100 200 100
Later quantity 80 150 110

In: Economics

Why Apple Inc is a monopolistic competition? What is Advertisement Strategies of Apple Inc? Variety of...

Why Apple Inc is a monopolistic competition?

What is Advertisement Strategies of Apple Inc?

Variety of prices of Apple Inc.

In: Economics

select a store and choose a site location you would like to use for the store....

select a store and choose a site location you would like to use for the store.

Describe the location using the following factors:

A-Where is the location? For example, I might select a Smithtown shopping center on the corners of Route 25 and 111.

B-How would you describe the population density for the location.

C-Describe the quality of the location as you see it.

D-Using the free zip code analysis found online, describe the demographics of the area including: average income, number of people, number of households, age breakdown, average house value, area population and number of area businesses.

E-Ease of access to the location.

F-Analyze the tenants in the center, if applicable.

G-Describe the nearby competition.

H-Describe the traffic going by the site, is it heavy or light?

I-Availability of the parking spots.

J-Type of lease you'd want for the location.

K-Any other factors that you might want to add.

It should be 3-5 pages double spaced.

In: Economics

Write a thesis statement that employees should have the right to participate in decisions that effect...

Write a thesis statement that employees should have the right to participate in decisions that effect them.

In: Economics

Key objective: exemplifying the limitations of the power of oligopoly due to short-term and long-term elasticities....

Key objective: exemplifying the limitations of the power of oligopoly due to short-term and long-term elasticities.

Setting: Imagine you are representing one of the members of the OPEC, and you are motivated by an increase of your revenue from the sale of crude oil. You have to compromise on current decision on possible output decrease as to stimulate the world price of gas. Please consider the historical relation of the reaction of the gas price at the pump to the world price of the crude oil per barrel. Please resort to the NYU STERN case on The Petroleum Market: 1970 – 2000 (via link provided below the assignment), but most of all to the research on the following issues in the summer of 2008 in the US and now, and the political debate on the energy crisis, environmental protection and renewable sources of energy.  

Instruction: As usually, please complete the assignment discussing the relevant economics concepts and applying economic tools with supporting data for problem solving in this real-life imitating simulation, and include also a memo summarizing the points of agreement to be reached and followed by OPEC unanimously, and with the compliance in the forthcoming months.

Outline: Include in the discussion the following issues with data, as the basis for your common decision to be made:

•      demand patterns for crude oil in the World

•      the price elasticity of demand for gas in the US

•      the factors influencing the price elasticity of demand for gas in the US, and possible changes in this respect (behavioral patterns)

•      the impact of price changes (on different price levels) on the revenue of crude oil exporters

•      the income elasticity of demand for gas

•      the price elasticity of supply of gas

•      the effect on the market outcome, on the market equilibrium, and on the efficiency of the market

•      the effect on the international trade, state policies, and on the economy.

In: Economics

In the city of Los Locos, marijuana producers have a marginal cost of $10 per ounce...

In the city of Los Locos, marijuana producers have a marginal cost of $10 per ounce for growing expenses. Under the current law it is illegal to sell marijuana. The city police seize 20% of all marijuana grown and impose a fine of $20 per ounce. Los Locos is considering legalizing marijuana, and wants to impose a tax that would leave total consumption unchanged. The city should impose a tax of
100%? 50%? 150%? 25%? 75%?

In: Economics

Based on the article “Why it is so difficult to measure inflation Tisk it or drat...

Based on the article
“Why it is so difficult to measure inflation
Tisk it or drat it, this task still takes a basket”
explain what the best method to calculate the cost of living is, and what challenges still exist with it.


Why it is so difficult to measure inflation
Tisk it or drat it, this task still takes a basket


BRITAIN introduced its first index of the cost of living in 1914. It has gone through plenty of iterations since then. The retail-prices index was introduced in 1947 and a consumer-prices index came into being in 1996. Most recently, in March 2017 Britain’s statistics office introduced a new headline measure of inflation, the “consumer-prices index including owner-occupiers’ housing costs” (CPIH), which includes the specific costs of owning a home, such as mortgages and estate agents’ fees. The update makes sense: after all, about 15% of household spending in Britain goes on owner-occupied housing. CPIH may be ultra-sophisticated (statistical agencies in other countries struggle to incorporate housing costs), but like all inflation measures it remains an imperfect measure of changes to Britain’s living standards.

At its simplest, inflation is a measure of how quickly prices increase. To estimate the figure, statisticians choose what they believe to be a representative “basket” of goods and services consumed by the population. The figures are usually expressed in terms of the percentage change on a year earlier. If all that sounds simple, it is not. First there is the question of what to put in the basket. Consumption habits change all the time and wonks must estimate what to put in the basket through surveys on household spending. Britain updates its basket once a year, so it is likely to be fairly representative (this year, gin and cycling helmets were added; menthol cigarettes were out). But America only does so every two years, and used to do so every ten. At the same time statisticians must account for the fact that the quality of the basket often improves. This year’s smartphone might cost more than last year’s, but it will also do more. If statisticians focus only on changes in price, they will overstate the true inflation rate by missing improvements in performance. An advisory committee set up by America’s Senate in the mid-1990s reckoned that the failure to adjust for quality and new products meant true inflation was overstated by at least 0.6% a year.


A single measure of inflation cannot reflect the different cost-of-living changes faced by different sorts of people. For instance, London has seen rapid increases in house prices each year, yet since CPIH is a national figure, the inflation faced by Londoners may be understated. There is also a rich-poor divide. The method of constructing an inflation index is often described as “plutocratic”, rather than “democratic”. In other words, the choice of what to put in the basket is skewed by what rich people buy, since rich people spend more. (So if a rich wag decided to spend billions of pounds all in one go on, say, shoehorns, then in theory shoehorns would make up a big chunk of the inflation basket the following year.) This can mean that rich and poor folk experience different inflation rates. For instance, poor households spend more of their budgets on food, and in the 2000s food prices were rising quickly. One paper found that from 2003 to 2014, the average inflation rate for those in the bottom income quintile was 3.4% compared with 3% for the top quintile.


It is not easy to get around any of these problems. Britain’s statistics office has mooted introducing regional indicators, as well as stratifying inflation by income. Yet even with these changes, inflation will remain a fuzzier measure than is commonly acknowledged.



In: Economics

what determines the economic rent for land?

what determines the economic rent for land?

In: Economics