1. How did the concept of Joint-Stock companies pave the way for Capitalism?

2.How would the role of government in this era (1450-1750) be described regarding economic activities? How are they linked?

Locate a recent article (published within the last year) that discusses fiscal policy and whether the U.S. economy is in an inflationary or recessionary gap.

• Interpret recessionary and expansionary gaps within the economy.
• Explain the inter-workings of fiscal policy tools.
• State how taxation and government spending works.
• Differentiate between fiscal and monetary policy.
• Demonstrate the mechanics of discretionary fiscal policy within the Keynesian framework.

A family is considering installing a household solar energy system. The system has an installed cost of $1700 and they reduce the homeowner’s energy bill by $400 per year. The residual value of the solar panels is $150 at the end of their 5-year life. What is the annual effective IRR of this investment? Assume the family has a MARR of 10%. Please use the interpolation method and only fill in the number of your calculated result in the blank, e.g., if the result is 7.537%, fill in “7.54”; also keep 2 digits after the decimal point.

Question 2 (1 point)

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Your aunt tells you that she will give you $100 today. However, if you are willing to wait, she will give you $105 in one year. You are convinced your aunt will follow through, so there is no risk in waiting. In this case,

Question 2 options:

Question 8 (1 point)

Your friend needs a loan now and is willing to pay you back $150 in 1 year and another $150 in 2 years. (i.e. you will receive both payments) How much are you willing to lend your friend now if you want an interest rate of 6%?

Question 8 options:

Looking at the company you now work at, where you previously worked, or where a spouse/friend/relative works, which of the 3 basic strategies is employed to keep profits from eroding?

Lines
a. Are preferred over lists
b. Are a non-price rationing mechanism
c. Involve opportunity cost
d. Both b and c
e. All of the above

Explain and illustrate the following statement: “ A deficit on the balance on current account will impose severe constraints upon domestic economic policies”

What is the Sweezy oligopoly market structure: a. Identify the optimal price and output to maximize profits.

b. Why is the price sticky?

c. Identify the cost of each firm?

Frank spends a total of $2500 per month on rent for his apartment: he spends $1250 of his own money and . receive a cash reimbursement of $1250 from his employer. The employer is in the process of adopting a new policy that would provide him a lump sum transfer of $1250, which can be used for housing or other goods. Using a graph, demonstrate whether Frank would prefer the current program, the proposed program, or would be indifferent between the two.

Q1. What are the key features of Keynesian Economic Systems as a distinct macroeconomic transformation from the Classical form of Market Capitalism? Give an example in the context of US economic systems that changed in the 1930s.

1(a) Give a numerical example which illustrates how a country could have absolute disadvantage in the production of 2 goods but could still have a comparative advantage in the production of one of them. Explain!

(b)    Explain how the process of arbitrage could achieve Purchasing Power Parity?

What caused the 2008 financial crisis? What do you consider to be the three most important factors? (Describe three and make an argument.) Use Stiglitz and White Reading and PP March 28 – financial crisis.

1. (a) Provide the formula for calculating Price Elasticity of Demand.

(b) Explain each variable in the formula you provided above.

2. Explain how the formula is used to make decisions regarding increasing revenue

These questions are based off the new 2020 Mercedes C-class model commercial- The ad is called, "Non-stop Engineering tv commercial.

a. Identify metrics of success/failure. Use secondary sources and/or corporate communications to support your metrics choices. (Talk about social media insights, sales, etc.)

b. Based on those metrics, evaluate the effectiveness of the television campaign. Thank you!

I chose utilitarianism.

Utilitarianism: the government should chose policies that maximize the total utility of everyone in society. For example, giving $100 to a homeless person would have a bigger impact on his total utility or 'happiness' than giving it to millionaire money who probably see it as are change and therefore has little impact on his well-being.

Respond to the following prompts in a post with a minimum of 250 words

• Imagine you are a policymaker, pick one of the three political philosophies (mentioned above) that you agree with? Give your reasons. What are the arguments against the philosophy you have chosen?
• Give examples of antipoverty government policies which align with your chosen philosophy.
• How important is it to study poverty and income inequality in economics? Explain you answer.