Refer to following table, in which Q_d is the quantity of yen demanded, P is the dollar price of yen, Q_s is the quantity of yen supplied in year 1, and Q_s' is the quantity of yen supplied in year 2. All quantities are in billions.

Assume that the exchange rate is fixed against the dollar at the equilibrium exchange rate that occurs in year 1. Also suppose that Japan and the Canada are the only two countries in the world.

In year 2, what quantity of yen would the Japanese government have to buy or sell to balance its capital and financial account with its current account?

Buy OR Sell ____bollion Yen?

In what specific account would this purchase or sale show up in Japan’s balance of payments statement?

Foreign purchases of assets in Japan OR Japanese purchase of assets abroad

Would this transaction increase Japan’s stock of official international reserves or decrease its stock?

Decrease OR Increase

According to Zakaria, democracy has not always fulfilled its promises. Discuss what this means identifying each difficulty, using multiple examples to illustrate your point and suggest ways in which governments across the globe could strengthen democracy.

Discuss one reason why a cap and trade market is more difficult to implement for water versus air emissions

Discuss one reason why economists prefer a gas tax to a standard on miles per gallon of vehicles

Everything else being the same, what is the effect of an increase in interest rates on the price level? Discuss the process of adjustment to the new equilibrium.

"In 1980 your income was $30,000 and the Consumer Price Index (CPI) was 100. In 1990 you income was $45,000 and the CPI stood at 150. Which of the following is correct?"

Question 9

1. In the Circular Flow Model firms are defined as those economic units that

   		buy products in the product markets and sell resources in the resource markets.
   		sell products in the product markets and buy resources in the resource markets.
   		fit the model of a typical corporation.
   		borrow money in the credit markets for purposes of consumption.

Personal Income (PI) is equal to

The GDP may be an inaccurate measure of the economy's true performance. Which of the following may be responsible for this inaccuracy?

The unemployment caused by an economic recession is called

The unemployment rate statistic published by the Bureau of Labor Statistics may underestimate the magnitude of the unemployment problem in the economy because

Underemployment includes the following:

Which of the following is NOT a problem in using economic statistics?

1. Why do you think the scholarship on the long-run trends of capital’s share of income (”Alpha”) is so contentious, especially around the mid 20th century?

A symphony orchestra is preparing to stage a short concert series. The first program in the series consists of music by Berlioz and Tchaikovsky, while the second program comprises music by Bartok and Stravinsky. The potential audience for the series can be thought of as divided into four,equal-sized groups. Members of the first group, whose tastes tend to the romantic, would be willing to pay up to $40 for a ticket to the first concert and up to $20 for a ticket to the second concert.Members of the second group, whose tastes tend more to the neo-classical, have the opposite preference: they would pay up to $20 for a ticket to the first concert and up to $40 for a ticket to the second concert. Members of the third group, confirmed Tchaikovsky lovers, would pay as much as$45 for a ticket to the first concert, but only $5 for a ticket to the second concert. Finally, members of the fourth group, who pride themselves on their sophisticated taste, would pay as much as $45 for a ticket to the second concert, but only $5 for a ticket to the first concert. This information is summarized in Table 2

While answering these questions, please clearly state your assumptions (if any) and your justification for those assumptions.

1. What is the best price to charge for each concert if you are not offering a single ticket for the concert series?
2. What is the best price to charge for the concert series if you are not offering tickets for each concert separately?
3. Now suppose you offer a single ticket for the concert series in addition to offering tickets for each concert separately. What prices will you charge for the series and each concert?
4. Now consider the case titled "Multiproduct Pricing"? What is the best price to sell each product individually? Can the company do better by bundling?

List 6 aspect / characteristics of linear economy and circular economy and what is the difference between them

Today, April 1^st 2020, I put $1000 into the bank. Every month thereafter I added the same amount, plus $20 more than the month before (i.e. $1020, $1040, $1060, etc.) If the sign on the door of my bank says they pay 6% nominal yearly interest, how much will I be able to take out of the bank on January 1^st, 2023. Draw a cash-flow diagram.

1. When talking about loans, who supplies loans and who demands loans? How do you know that?

2. When working with the money market graph or loanable funds graph, which interest rate are we focused on?

3. When dealing with whether or not to invest in a new project, what will businesses look for with regard to the rate of return? When will they invest and when will they not invest?

4. What happens to the demand for loans when the interest rates are low?

5. What happens to the supply of loans when interest rates are high?

6. Draw a correctly labeled loanable funds graph below.

7. What shifts the demand for loanable funds?

8. What shifts the supply for loanable funds?

1. Assume that you work for a large manufacturing company that utilizes both capital (K) and Labor (L) in the production process. Explain how a tax on capital would affect your operations and how you would estimate the welfare effects on your company.
2. Many make the argument that although perfectly competitive markets achieve the highest level of social welfare, because markets are never perfectly competitive, society is worse off from using market-based systems.

2. Starting a new business is often the result of some particular event or condition within an individual's environment. List four events that could trigger a new business. Give an example of a real business that was triggered by one of the events you mentioned.   (300 words – 20 marks)

3. Define small businesses. Why does a small business act as a catalyst for social change? (200 words – 15 marks)

Compare two major foreign policy in the US initiatives in the interwar years (1920s and 1930s) with those that arose in the postwar years (WW2) (Late-1940s, 1950s, and 1960s). Please discuss at least two policy details from each era, and defend their importance