Agriculture industry is extremely vulnerable towards weather conditions and economic conditions, so the government constantly imposes price floors (it is illegal to charge a price lower than a specific level) to help the farmers to sell agricultural products at a higher price. Below is the information on the Kumquat market: MB = 70 - 0.5Q MC = 7.5 + 0.125Q What are the equilibrium price and quantity? How much total benefit do kumquat producers receive when the market is in the equilibrium? How much total cost do kumquat producers have when the market is in the equilibrium? Suppose the federal government decides to impose a price floor of $30 per crate. Now how many crates of kumquats will consumers purchase? What is the magnitude of consumer surplus and producer surplus?

How the pay as you go social security system increase or may not increase the social welfare and how the fully funded social security system increase or  may not increase the social welfare

Which of the following statements about the sticky wage theory of the short-run aggregate supply curve (SRAS) is (are) correct?
(x) Wages are “stuck” because contracts typically require that input prices must change at the same rate as output prices in order to keep firms from increasing profits as they increase production.
(y) Wages and other input prices are “sticky” because contracts fix some input prices and firms are unable to change the input prices they face as output prices are changing.
(z) The sticky wage theory of the short-run aggregate supply curve says that when the price level rises
more than expected, real wages fall because nominal wages are increasing at a slower rate than the price level.
A. (x), (y) and (z) B. (x) and (y) only
C. (x) and (z) only D. (y) and (z) only
E. (x) only

Which of the following statements about the sticky price theory of the short-run aggregate supply curve (SRAS) is (are) correct?
(x) Because not all prices adjust instantly to changing conditions, an unexpected fall in the price level leaves some firms with higher-than-desired prices, and these higher-than-desired prices depress sales and induce firms to reduce the quantity of goods and services they produce.
(y) The sticky price theory of short-run aggregate supply says that when the price level falls unexpectedly, some firms will have higher than desired prices which depresses their sales.
(z) An increase in aggregate demand will cause an increase in price in the output market. Sticky input prices will force firms to take losses since they can’t increase the prices of inputs that are used in the production of the output.
A. (x), (y) and (z) B. (x) and (y) only
C. (x) and (z) only D. (y) and (z) only
E. (x) only

4. Which of the following statements about the misperceptions theory of the short-run aggregate supply curve (SRAS) is (are) correct?
(x) The theory is used to explain the upward sloping SRAS curve since an increase in prices, ceteris paribus, will increase the output supplied in the short run.
(y) The theory says that if the price level increases more than people expect, firms believe that the relative price of what they produce has increased, so they increase production.
(z) Suppose the price level falls but suppliers only notice that the price of their particular product has fallen. Thinking there has been a fall in the relative price of their product, they cut back on production of their product.
A. (x), (y) and (z) B. (x) and (y) only
C. (x) and (z) only D. (y) and (z) only
E. (z) only

1) write three paragraph some of the greatest in science and society of the end of the 19th and the beginning of the 20th century. then choose one of the discussed luminaries (Either Albert Einstein, Charles Darwin, Marie Curie, OR Sigmund Freud) write what they did to change the world. ( this is a history question )

How does money make an economy more productive?

5. The amount of imports under completely free international trade can be calculated as:

A. quantity supplied minus quantity demanded, at the domestic market equilibrium price.

B. quantity demanded minus quantity supplied, at the prevailing world price.

C. quantity demanded minus quantity supplied, at the domestic market equilibrium price.

D. domestic quantity supplied minus quantity demanded, at the prevailing world price.

6. A tariff is a _______, and it is shown on the demand and supply diagram as _______.

A. tax on imports; an upward shift of the world supply curve

B. tax on exports; an upward shift of the world supply curve

C. tax on exports; a downward shift of the world supply curve

D. tax on imports; a downward shift of the world supply curve

7. Which of the following is NOT one of the results of a tariff?

A. The domestic quantity supplied rises.

B. The domestic quantity demanded falls.

C. The total gains from trade rises.

D. The amount of imports falls.

8. A tariff is a tax that consumers pay to the government. What impact does the act of paying this tax have on total gains from trade?

A. It reduces total gains from trade because consumer surplus falls as a result of the tax payment.

B. It has no impact because tariffs are also paid by producers, so the two payments cancel each other out.

C. It has no impact because the gains from trade are transferred from consumers to the government.

D. It increases total gains from trade because the government earns tax revenue.

9. As a result of a tariff, domestic consumption _______, and this causes total gains from trade to _______.

A. rises; fall

B. rises; rise

C. falls; fall

D. falls; rise

Now that you are thinking about graduate school and signaling vs. human capital; What do you think explains the fact that law schools accept students with a wide array of majors while medical school typically requires students to have a specific science based major? Write a brief response using the language of signaling vs. human capital.

Evaluate the following: The rise in the relative cost of education and health care is evidence of the inefficiency of these sectors of our economy.

Briefly summarize the contents of the 5 key anti-trust laws. and what are the two government agencies that enforce anti-trust law in the u.s

Use the table and graph to answer three questions.

Using the table and graph answer the questions

a. What is the equilibrium price level?

b. What is the equilibrium output?

c. If the quantity of output demanded at ever price level increases by $2 trillion, what happens to equilibrium output and prices?

In what ways are tax inversions beneficial to both the United States and the host country of the inversion?

Describe the Horizontal Merger Guidelines used by the Federal Trade Commission (FTC) and the Antitrust Division of the U.S. Department of Justice (DOJ) to prevent firms from merging into a single firm.

In the case of Allergan and Pfizer, there are two sovereign powers in play - Ireland and the United States. Why was Ireland interested in letting the inversion take place, and why was the U.S. government against the inversion? IS the decision by the United States a direct affront to the sovereignty of Ireland?

1. Suppose that the money supply increases substantially. Explain what happens throughout the following steps.
2. a. Explain how the change in the interest rate affects international demand for Canadian financial assets. How does this then affect the exchange rate?
3. b. What effect does the change of the exchange rate have on net exports
4. c. How do the combined changes in consumption, investment, and net exports affect the AE curve and the AD curve
5. d. Suppose that prior to the increase in the money supply, equilibrium GDP was equal to potential GDP. What type of output gap now exists? If potential GDP does not increase, what will happen to equilibrium GDP in the long run?
6. e. Based on your answers above, can expanding the money supply drive long-run growth? What is this relationship called?