a)         Jasmine makes quarterly deposits of $1,000 into a savings account that pays 4 percent compounded monthly. How much money will she have in her account in 25 years?

2. Jasmine makes monthly deposits of $1,000 into an investment account that pays 4 percent compounded quarterly. How much money will she have in her account in 25 years?

3. Gabriel deposits $1,000 at the beginning of each month into an investment account that pays 4 percent compounded monthly. How much money will he have in his account in 25 years?

1. One of the basic principles of classical growth theory is that over time, levels of economic activity should converge in most countries and that we would enjoy equal levels of prosperity. While we view some evidence of convergence, we also observe the continuation of stark and deep levels of global inequality

1. In one small paragraph, use our production function analysis to explain why we might predict economic convergence.
2. In an additional paragraph, use our production function analysis to explain why we might not be experiencing convergence.
3. What country are you a citizen of? Use the growth theory you have used in your previous answer to explain whether you are part of a country that is either:

1. Catching up to advanced capitalist countries,

2. Being caught up to by more rapidly growing countries, or

3. Still experiencing a big gap in living standards with no immediate prospects of catching up.

Briefly explain why the country you are a citizen of falls into the category you have chosen.

Development is possible in the absence of growth in an economy. Discuss

Tesla Corporation (TSLA) stock has been in demand over the past year, tripling in value between July 2019 and January 2020, despite reporting losses in two of the last four quarters. Autonomous vehicle technology is poised for introduction in urban and long haul applications by companies such as Plus.ai. In an interview with Quartz, Bill Gates suggested that taxing robot output could help cover the shortfall in social services due to lost jobs and help pay for the increase in social services and support needed by displaced workers. An article in The Atlantic Magazine (A World Without Work) lays out the impact of automation on jobs and eventually on the default social contract in most capitalist societies. A review of a book with the same name provides additional insight.
Please research the topic of automation and its impact on an individual’s ability to monetize their human capital. Given the idea that humans need to contribute to society to feel fulfilled and happy, please respond to the following:

What is your personal philosophy about firms using automation without regard to its impact on society?

1. The monetary base will _____________ and money supply will __________ when the Fed sells bonds via an open market operation.

Give 4 implications of how an increase in interest payments on foreign debt by a government would affect an economy.

Politicians who support the green movement often argue that it is profitable for firms to pursue a strategy that is “environmentally friendly” (for example, by building factories that do not pollute), because workers will be willing to work in environmentally friendly factories at a lower wage rate. Evaluate the validity of this claim. (15 points)

Question 2. Short answers. Use graphs where appropriate.

1. Explain why is the short run labor demand curve less elastic relative to the long run labor demand curve. (7.5 points)

2. How would imposing a minimum wage above the market-clearing wage affect employment in a competitive labor market? Use a graph to illustrate this. (7.5 points)

3. Many immigrants and many American high school dropouts possess very few skills. What impact will these low-skill immigrants likely have on the labor market opportunities of American high school dropouts? (7.5 points)

4. Comment on this statement: “If we deported all undocumented persons who are now in the United States, our total national unemployment would decline by the same number of people.” (7.5 points)

Market Structure and the Determination of Market Price
To prepare for this Discussion:

• Identify an example of a health care good or service to explore for this Discussion. The following list of submarkets may guide your consideration, but you may select an example from a different area.
  • Physician services
  • Nursing services
  • Medical technician services
  • Physical facilities (e.g., hospitals, specialized, imaging, long-term care)
  • Medical technology
  • Pharmaceuticals

By Day 4, post a cohesive response that addresses the following:

• Describe an example of a particular health care good or service at the beginning of your posting.
• Analyze how you could shift the supply curve or the demand curve to affect the market price for your selected example.
• Evaluate the impact of two or three factors that could influence the extent to which the supply curve or demand curve could be shifted (e.g., competition, monopoly, availability of substitutes, production inputs and costs).

1. What is electronic data interchange? What are its major applications in commerce?
2. What are vertical disintegration? Please provide an example for each.

Match the industry structure to the description.

Please answer the two questions below separately:

1. Describe three different barriers to entry that could lead to monopoly power in an industry

2. Describe the circumstance(s) under which a monopolist could suffer an economic loss

The average per Growth Rates of Real, per capita GDP between 2000 and 2008 in Low-income and Middle-income countries where 4.7% and 6.1% respectively. This observation is consistent with the Convergence hypothesis.

Consider Bertrand Competition with demand curve P = 56 − 2 Q. There are two firms. Firm 1 has MC=12. Firm 2 has MC=8. What is the equilibrium number of units transacted in this market (Round to the nearest integer)?

Using a specific numerical example explain the statement that "given the return on assets, the lower the bank capital, the higher the return for the owners of the bank."