What were Robert Allens views about why the industrial revolution occurred in England rather than France in economic history. - Points for an essay

As a response to the economic slowdown following the financial crisis, the Fed cut the Federal funds rate to near 0 by the end of 2008, and tried to provide further monetary stimulus through “unconventional” policies. In a short paragraph, describe some of these unconventional tools that were used by the Fed during this period, and explain how these tools could increase demand even when the Fed funds rate stays constant at zero.

Why are some commentators, economists and politicians talking about “freezing the economy” (meaning trying to keep all businesses in the same condition they were before the pandemic in order to restart from there as soon as it is possible)? What are some aspects that the macroeconomic models we saw fail to consider?

Based on the covid-19 pandemic, give some reasons in favor of expanding the government debt in this case.

This is based on the Covid-19 Pandemic. Is there any role that monetary and/or fiscal policy could play? On this respect, describe one action taken by the Federal Government and one action taken by the Federal Reserve to counter the coming recession. Do you think these actions will be successful? What specific issues are the designed to address? What potential problems do you see with these actions?

This question is based on the current Covid-19 pandemic. The pandemic will cause a recession. Provide two examples of sectors that will be particularly badly hit by this. Provide also two examples of sectors that will benefit from this. Use the business cycle model we saw in class (inflation on the Y axis and real GDP growth on the X axis) to show the effects of the pandemic on the whole economy. Think about it carefully: is there going to be any effect on aggregate demand? Why? Is there going to be any effect on aggregate supply? Why? Show the shift(s) on the graph and point out what we can expect to happen to GDP growth and inflation in the short run.

This question is based on the current Covid-19 Pandemic.What type of unemployment is likely to increase in the next few weeks/months? Suppose the pandemic is particularly persistent and activities that involve a large amount of physical contact cannot be done anymore. What type of unemployment would emerge in this case? What’s a way to deal with this, if any?

economic concepts and how they apply to the world around us

Question 1: The boiler in the heating plant at arctic College is designed to burn either fuel oil or coal. Suppose that one ton of coal, C, produces as many BTUs as 100 gallons of fuel oil, F. (a) Draw a typical isoquant for BTU production. (b) What is the elasticity of substitution between fuel oil and coal? (c) Suppose that fuel oil is $1.00 per gallon and coal is $80 per ton. Draw the output expansion path on the diagram and describe the marginal and average cost curves. (d) Repeat (c). assuming that the price of coal has increased to $120 per ton.

Is it trade deficit or trade surplus that contributes more to economic growth? Why?

What are the factors that increase and decrease the demand for a foreign currency?

What are the impacts of currency devaluation and revaluation on international trade?

What is currency war? How does it affect trade between countries?

Discuss the following statement from Principles of Economics: “Because the environment is fragile and natural resources are finite, ultimately economic growth must come to an end.”

Explain why, in any period, a country’s net capital inflows equal its trade deficit? Include examples.

2) The demand function for a good is ?? = ?(?, ?, ?) = ? − ?? and its supply function is ?? = ?(?, ?, ?) = ? + ??, where a, b, c, and e are positive constants. (Keep in mind that sometimes we call a, 2 b, c, and e “parameters” and that they are “exogenous” variables. In contrast, p and Q are “endogenous” variables.) a) Solve for the equilibrium price ? ∗ = ? ∗ (?, ?, ?, ?) and quantity ? ∗ = ? ∗ (?, ?, ?, ?). b) Using calculus, compute the effect of an increase in parameter a on ? ∗ and ? ∗ . Draw ?? and ?? and illustrate the just noted effects graphically.

I was able to solve part A. I got: P* = [(a-c)/(b+e)] and Q* = a - b[(a-c)/(b+e)]. I am just unsure about part B.

Thank you,

Construct a neat production possibilities model of civilian and military goods, and use it to explain and illustrate the concepts of scarcity, choice and opportunity cost.  Note: You need to add the graph.

(b) Explain under what circumstances would a country operate inside its PPF