1. According to the classical economists how does inflation come about?

2. Explain three causes of inflation and why it may be is undesirable.

1. If the Federal Reserve decreases the money supply to raise the federal funds rate, ceteris paribus, then

a. The value of the U.S. dollar will increase in foreign exchange markets

b. Economic output will increase

c. The economy will experience inflation

d. The unemployment rate will fall

e. The value of the U.S. dollar will decrease in foreign exchange markets

2. When the short-run aggregate supply (SRAS) curve is steeper, expansionary monetary policy ________ in the short run, and when the short-run aggregate supply (SRAS) curve is flatter, expansionary monetary policy __________ in the short run.

a. has no effect on output; has no effect on prices.

b. has an effect on output that is equal to the effect on prices; has an effect on prices that is equal to the effect on output

c. has a larger effect on prices than on output; has a larger effect on output than on prices.
d. has no effect on prices or output

e. has a larger effect on output than prices; has a larger effect on prices than output

You are to construct a production possibilities frontier from 2 grocery stores based on the available milk and eggs (you choose which particular milk product and which particular egg product you use). Use the total quantity of milk as the intersection for the vertical axis and the total quantity of eggs as the intersection for the horizontal axis. Connect those points to form your production possibilities frontier, one graph for each store. Determine the opportunity costs of milk in terms of eggs from your production possibilities graph. Describe your production possibilities frontier. Identify on the curve and then explain the unattainable, efficient, and inefficient areas of production. Discuss the concept of increasing opportunity costs and identify whether the opportunity costs from your graph exhibit increasing opportunity costs. Illustrate, based on the opportunity costs for each store, how specialization and trade can lead to a mutually beneficial outcome.

In the absence of direct externalities, common property and public goods, discuss the optimality of free markets.

For the article "The theory of Rational Addiction"

Did this paper make you realize something that you had not before?

Is the paper making any strong assumptions that you disagree with? If yes, what, according to you, will be a more plausible alternative assumption?

If there was one thing you could change about the model, what would that be? Will that make the model intractable?

For the "Theory of Rational Addiction" article by Becker and Murphy

What is the main question/behaviour that the paper models?

What are the costs and benefits of that behaviour for different agents in the model?

Conclusion of the model?

Many reasons for why the United Kingdom voted to leave the European Union have been proposed. A common one is that imports from the EU hurt low-skilled British workers. Suppose that there are two industries, financial services and manufacturing. Further assume that there are two factors of production, low- skilled and high-skilled workers, and that finance is high-skill intensive and manufacturing is low-skill intensive. Further assume that the United Kingdom is abundant in high-skill labour.

a) Show using the Heckscher-Ohlin model of international trade how relative wages for low-skilled and high-skilled workers are determined when the UK is a member of the EU (i.e. when there is free trade between the UK and the rest of the EU). Explain your answer.

b) Describe also how the relative output of financial services versus manufacturing in the UK changes with Brexit. Explain your answer.

Note: Plagiarism is strictly prohibited please do not copy from internet

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Question 1. Game theory is the study of multi- player decision making in situation where the choices of each player may affect the pay-offs received by other players. Arrange how many types you can categorised Game Theory. (200 words)

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Note: Plagiarism is strictly prohibited please do not copy from internet

Note: Plagiarism is strictly prohibited please do not copy from internet please

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Question 01: Explain with examples what is the positive and nominative Economics (150 to 200 words)

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Note: Plagiarism is strictly prohibited please do not copy from internet please

1/ What do you think accounted for the growing opposition to the war in Vietnam?

2/ Was the American failure in Vietnam a political or a military one? Can you Explain it for me please

Analyze Porter's Five Forces to determine profitability in the Apparel industry.

1. Threat of new entrants

2. Buying Bargaining Power

3. Supplier Bargaining Power

4. Threat of substitutes

5. Rivalry Intensity

Then analyze what Nordstrom's competitive advantages are

Walmart (WMT) is robotic janitors in some of its stores. Walmart has purchased several Autonomous Cleaner (Auto-C) robots from Brain Corporation. An Auto-C robot looks like a Zamboni, the machine used to clean ice rinks. The robots scrub floors and clean store aisles. Sensors in the robots allow them to navigate around customers and other objects, so the robots can be used during store operating hours.

Management at Walmart has stated that the robots are to be used to free up employee time. Management reasons that if the robots do the repetitive tasks, employees will be better able to help shoppers and do other tasks. Management estimates that an employee at each store with the Auto-C robot would have spent two hours per day doing the cleaning that the Auto-C will perform.

Walmart is also using Auto-S robots in its stores, which scan shelves in the stores to help keep track of inventory that is out of stock, mislabeled, or priced incorrectly. The Auto-S robots are three times as fast as humans and twice as accurate.

In addition, Walmart is using conveyor belt robots that sort products from trucks as they are unloaded. The conveyor belts cut the number of employees needed in the unloading process in half.

Approximately 50% of Walmart’s workforce is part time, up from 20% in 2017 (Reuters.) Walmart raised the minimum wage in its stores to $11 in 2018. Walmart employs more than 2 million people worldwide.

Questions

• Do you think that the costs of robots are mostly variable or fixed? Explain.
• Would the cost of full-time hourly employees behave mainly as a variable cost or a fixed cost? Does your answer change if you consider part-time hourly employees rather than full-time employees? Explain.
• How would Walmart’s break even point change by using robots rather than hourly employees?
• What are some of the advantages to Walmart of using employees rather than robots?
• What are some of the advantages to Walmart of using robots rather than employees?