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.

Why Apple Inc is a monopolistic competition?

What is Advertisement Strategies of Apple Inc?

Variety of prices of Apple Inc.

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.

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

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 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 April approximately 22 million people filed for unemployment insurance.  In March the labor force was (BLS data) 162,913,000 with Employment = 155,772,000 and Unemployed = 7,140,000.  What would April’s unemployment rate be approximately?

If natural unemployment is around 4% and from Okun’s Law approximately for every 1% point change in unemployment, GDP falls 2%, how much has GDP dropped in % terms?

If real GDP in March (FRED) was $19,221.970 billion ($19.22 Trillion), what is the drop in dollar value of production?

If Forecasting Company announced that they predict the mpc has fallen to 0.5, How much Government spending will need to be injected to get back to Un(natural rate of unemployment where actual and potential output are back to long-run levels)?  

1. During the COVID-19 pandemic, there is the sense that essentials like toilet paper is desperately needed. Use demand and supply analysis to explain what should happen in the market.
2. Suppose stores don’t want the backlash of increasing the prices due to the higher demand. . What do we expect to happen?

[Discuss how changes in demand will affect prices. Then show how a shortage develops using the idea that prices are not changing with the equilibrium.   This is NOT a price ceiling (just a shortage)]

Graphs are required, a minimum of 2 graphs.

Choose a topic from the list below and use economic principles to answer the questions.. Do not embark on analysis focusing on social, political, or other disciplinary inquiries of the topic.

Papers need only be minimum of 2 pages (including your graphs). Try not to go over 4 pages please.

Prompt. In the last few weeks, the Federal Reserve has introduced a series of unconventional monetary policy tools—lending facilities, essentially, designed to ease credit strains that firms and municipalities will likely experience as the U.S. economy is buffeted by the novel coronavirus pandemic. The “Fed Brief” that accompanies this prompt outlines these new unconventional tools. Section 13(3) of the Federal Reserve Act grants the central bank the authority, with the approval of the Secretary of the Treasury, to implement these tools in emergency situations—what the Act identifies as “unusual and exigent” circumstances.
The governors of the Federal Reserve reason that these unconventional actions are in the best interest of the economy. Nevertheless, the governors are concerned that these actions, which have attracted the attention of journalists, politicians, and pundits alike, could ultimately politicize the Federal Reserve and, in doing so, compromise its ability to achieve its long-run monetary policy goals. Consider, for example, the recent Wall Street Journal article, by renowned financial journalist Greg Ip, that accompanies this prompt. Thus, the governors—Michelle Bowman, Lael Brainard, Richard Clarida, Jerome Powell, and Randal Quarles—ask you to assess how the central bank’s recent unconventional actions might affect its monetary policy outcomes in the long run. Specifically, the governors ask you to answer the following three questions.

1. In general, would the politicization of the central bank render monetary policy more or less time consistent? Please defend your reasoning.

2. Central banks endeavor to maintain time-consistent monetary policies, because time-inconsistent monetary policies tend to deliver unwanted inflation outcomes in the long run; why do time-inconsistent monetary policies underperform in this way?

3. Finally, provide an example of how the Federal Reserve and, perhaps, Congress could preserve (or, if necessary, restore) the credibility of the central bank’s commitment to maintain low and stable inflation. Again, please defend your reasoning.

As a member of the Eurozone, Greece was/is unable to conduct it’s own monetary policy. Instead, Eurozone monetary policy is set by the European Central Bank in Frankfurt. Suppose that Greece is facing a recession and wants to boost output.
1. What type of government policy would you suggest to boost output? Provide an IS-LM graph with a clear explanation of what you are suggesting.
2. How would the government fund such a policy?
3. What are some of the longer term implications of Greece using this approach to stabilizing output?

A breakeven analysis for net present worth is performed with a MARR of 15% and a useful life of 20 years with the following data:
Initial Cost: $750,000
Annual Cost (O&M): $60,000/ year with an annual increase of $5,000 each year
Annual Revenue: $80,000/ year with an annual increase of $1,000 each year
Salvage Value: $475,000
Determine the following:
a. If the project is viable (i.e. if the profit is larger than the cost using net present worth).
b. The gradient annual revenue increase to make the project viable.
c. The salvage value to make the project viable.

Compare and contrast the use of government spending changes versus tax changes as a means of influencing the course of the economy. Is one or the other preferable in specific situations? Imagine for a moment that you have two roommates, who each have opposing viewpoints on nearly everything, including politics and economics. Taylor is adamant that the best way to manage the economy is through tax changes, while Morgan insists that it’s better to adjust the economy through government spending. What would a Neoclassical economist say? What would a Keynesian economist say? Which roommate do you agree with, and why? Find a news article to help support your opinion. Summarize the article and include the link to in your response.  Remember to cite your sources.