Why is social progress important?

Why is regional development important?

What do you think:
are there any similarities between the development of Science and Technology Policy Research  in the European Union and in Ukraine?

1.

1. Explain the three key functions of the Bank of Canada
2. In the Canadian banking system, the target reserve ratio is 20 per cent and the estimated value of the cash drain ratio is 5 per cent. What is the total value of new deposits from a new deposit in a bank of $500.00? (show your calculations).

2

1. Explain the three basic functions of money.
2. Briefly explain how the bank of Canada could increase spending in the economy with an increase in the money supply using the reserve ratio requirements.

3

1. What are the two key approaches used in the new economic growth theories to explain why their theories are different from the established Neoclassical Growth theory
2. Explain the fundamental determinants of long-term economic growth for an economy

4 Consider the Canadian economy that is in long-run equilibrium with an output equal to Y*. The United States economy goes into a major slowdown causing a significant decrease in goods and services shipped into the United States from Canada. For Canada, answer the following questions:

1. What kind of shock occurred- aggregate demand or aggregate supply?
2. Explain how fiscal policies by the government of Canada can be used to drive the economy back towards Y* in the long run. Explain the steps

5 A review of the economic performance of the Canadian economy by economists at the Bank of Canada suggests that the economy has an inflationary output gap.

Explain how the Bank of Canada could use monetary policy instruments to close the inflationary output gap. Explain the process (mechanism) through which this occurs. (20 points).

1The public interest theory of regulation holds that

Group of answer choices

regulators are seeking to do and will do through regulation what is in the best interest of the public or society at large.

even though regulators seek to do what is in the best interest of the public at large, through regulation they end up doing what is in the best interest of the special interests of the industry that is being regulated.

even though regulators seek to do what is in the best interest of special interests of the industry that is being regulated, through regulation they end up doing what is in the best interest of the public at large.

regulators are seeking to do and will do through regulation what is in the best interest of the special interests of the industry that is being regulated.

2The Herfindahl index measures the

Group of answer choices

degree of concentration in an industry.

size of a market in terms of total dollar sales.

degree to which average variable cost is higher than average fixed cost at every level of output.

the amount of deceptive and false advertising in an industry.

none of the above

How can a central bank use monetary financing (ie helicopter money) to allow the government to run up a bigger budget deficit?

1Modern Justice Department guidelines evaluate mergers according to how they would change the industry's

Group of answer choices

Herfindahl index.

four-firm concentration ratio.

eight-firm concentration ratio.

twelve-firm concentration ratio.

2Which antitrust legislation made price discrimination illegal?

Group of answer choices

the Sherman Act

the Clayton Act

the Federal Trade Commission Act

the Robinson-Patman Act

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3The Sherman Act of 1890 was passed with the intent of

Group of answer choices

establishing the Federal Trade Commission (FTC) to deal with "unfair methods of competition."

preventing monopolization and/or conspiracy in the restraint of trade.

spelling out the conditions under which mergers would be considered anti-competitive.

dealing with false and deceptive advertising.

declaring interlocking directorates illegal.

Consider the following information as part of a breakeven analysis:

1. Cost of Production:

   Number of Units	Cost ($)
   0	o
   700	4,900

2. Cost of Buying

• What would be the equation for the production cost?
• What would be the equation for the buying cost?
• What is the breakeven # Unis?
• What is the breakeven amout?
• If you were only interested in 400 units, which option should be selected?
• If you were only interested in 200 units, which option should be selected?

Two countries, Spain and Portugal, use two inputs, capital and labor, to produce two goods, wine and cheese. Wine is relatively capital intensive in production and Spain is the relatively capital abundant country.

5) According to the Rybczynski Theorem, if Portugal were a small country with a free trade policy, growth of the labor force would cause:

Question 5 options:

A British health minister once claimed that the demand for health care is infinite because everyone is in a losing battle against death. This is not so for American dentistry, however. As aggregate U.S. income levels have risen during the last 25 years, overall spending on dental care services has declined.

It is not that fewer Americans are seeing dentists each year. They just do not require as many fillings or extractions. As incomes rose, people purchased more expensive and effective toothpastes. More towns, cities, and counties began to fluoridate their water as the relative price of this anticavity agent declined,

so changing relative prices have played a role. The higher incomes of their residents have permitted more municipalities to purchase fluoridation systems. At every age, the average American now has two more teeth than 25 years ago.

Many fledgling dentists have begun specializing in “cosmetic dentistry” desired by clients with healthy but less than beautiful teeth.

QUESTION: Compared to traditional dental-care services, is cosmetic dentistry more or less likely to be a normal good?

Here’s a weird but easy to calculate economy. Suppose everybody in the economy experiences exactly same life story: start working for free at age 1 for $1/hour, and then has a wage increase $1 every year until age 100. That is, a person who is 20 years old makes $20/hour, a person who is 45 years old makes $45/hour, and so on. Every year, one person is born, and 1 person reaches age 100 and dies. Everyone lives for 100 years. That is, at any point in time, the economy is made of 100 people, 1 person who is aged 0 (been born in the current year), 1 person aged 1, 1 person aged 2, 1 person aged 3, …, all the way to 1 person aged 99, each earning their age in dollars per hour.

a. Calculate the Gini coefficient for this economy. b. The current estimates of Gini around the world ranges from (the lowest in the world) 23.7 in Slovenia to (the highest in the world) 63.2 in Lesotho. How does our imaginary economy compare to the real-world countries? (that is, is it unusually high, unusually low, or about average?) c. In your opinion, is the income inequality in our imaginary economy a bad thing and requires that the government redistributes incomes? Explain why or why not.

Two countries, Spain and Portugal, use two inputs, capital and labor, to produce two goods, wine and cheese. Wine is relatively capital intensive in production and Spain is the relatively capital abundant country.

4) According to the Factor Price Equalization Theorem wages (earnings from labor) and rent (earnings from capital) between Spain and Portugal will equalize:

Question 4 options:

The following table summarizes two hypothetical situations for the US Steel market. The first column depicts the situation in the presence of a tariff. The second column depicts the situation with free trade.

                                                                        With                                        Free

                                                                        Tariff                                       Trade

World price of steel                                        $400/ton                                  $400/ton

US price of steel                                             $600/ton                                  $400/ton

Steel bought in US                                          10 million tons                        12 million tons

Steel produced in US                                      4 million tons                          2 million tons

20) If the labor input is 2 person-hours per finished ton of steel, what is the cost to consumers of steel per domestic steel industry job saved by the tariffs? (Assume 2000 person-hours = 1 job.)

options:

Write a biographical post about 20th Century Economist Milton Freidman.

If demand for toys is QD = 500 – 10P and supply is Qs = 100 + 10P, answer the following questions using calculus:

a. If the government imposes a restriction that price per toy cannot exceed $15, calculate the ΔCS, ΔPS, and DWL from the price ceiling.

b. If the government imposes a restriction that price per toy cannot be lower than $18, calculate the ΔCS, ΔPS, and DWL from the price floor.

c. If the government promises toy producers a price of $25 per unit and will buy up any excess supply to support that price, calculate the ΔCS, ΔPS, and DWL from the price support.

d. If the government promises toy producers a price of $22 per unit and will pay the difference between $22 and the price producers receive from consumers, calculate the ΔCS, ΔPS, and DWL from the price support.

Executive isolation impacts a leaders ethics by separating him or her from what is actually happening within the company. do you agree or disagree? why?

write an essay about monopoly games at least 150 word