Can you please answer:

What were the specific views of Adam Smith in reference to the role of government in a country's economic affairs? How do his views support or disagree with the concept of strategic trade theory?

Please I want a well-detailed answer to this question

What are some of the political and economic benefits of global economic integration? Why is so much pressure to favor regionalism appears to be emerging?

Thanks!

1. What is peak-load pricing? What are the differences between peak-load pricing and Ramsey pricing?

ii) Is it true that peak demanders pay all capacity costs and off-peak demanders pay none but the marginal costs? Explain.

iii)  What is the traditional rate of return regulation? What are the decision variables for a regulator under this regulatory scheme? What does it achieve? Explain.

2. (7.5 points)  What is Averch-Johnson effect? What does it show? Draw a figure and explain.

If, in the long run, a small firm were to expand its scale of operations, then initially it should expect to encounter ____________.

The positive slope of the supply curve can be explained by comparative advantage and opportunity cost.

There is a change in the price of wine. Which of the following causes the movement along the demand curve?

Firms will engage in which of the following?

The combination of Good A and Good Z that gives consumer equilibrium can be computed by which of the following?

When one hears about globalization and industry, they may think of major brand names and industries merging in with society, their culture and way of life. Globalization corresponds with the world. How might globalization affect the US and other countries? In developing countries?

globalization and industry are, essentially, the interconnection and interdependence of international borders which includes free trade, immigration, investment, information, and technology. What are some of the consequences?

Section B Short Essay Bonus Question

Discuss the impact of the coronavirus pandemic on the Canadian economy. Explain and evaluate briefly the response of the Canadian government to the crisis. Use some of the concepts you learned in macroeconomics in your discussion.

Your essay should be concise, about 500 words.

The demand and supply for a product is given by:

Qd: 120-4P and Qs: 2P+60

Suppose the government imposes a price ceiling of P=$8

calculate:

1) consumer surplus after the price ceiling

2) Producer surplus after the price ceiling

3) Deadweight Loss

1. Fully integrating the idea of transaction utility and acquisition utility into your experience, provide and example of...

• something you did not buy even though it would have made you better off. (4 points)
• something you did buy that you don't really want or need. (4 points)

Both of the examples must explicitly apply the concepts of transaction utility and acquisition utility for full credit.

2. Search online for an example of Ariely's findings on Zero Price or Free. (Paste a picture in your response if you can.) Then answer the following questions.

1. What can you see in this example that directly relates to what Ariely found in his research. Be specific and include any suggestions you have on how they might be more successful. (5 points)
2. Design an experiment to test whether this example is, in fact, consistent with Ariely's findings on Zero Price. (5 points)
3. Thaler described a group of arguments that traditional economists use to dispute the behavioralist. Use one of those arguments and, assuming you are a traditional economist, describe why the findings of your proposed experiments as well as those of Ariely on Zero Price can be ignored. (5 points)

If you can not answer these questions with the example that you found, look for a better example.

3. Assume you are part of the team launching a new product.

1. Describe your new product to me. (2 points)
2. With explicit references to Ariely's findings on Anchoring and Self-Herding, how will you position this new product in the marketplace? (6 points)

2. Suppose a firm faces an inverse demand curve P = 6 − 1/2Q and has a total cost function TC = 1/4Q^2 − Q.

(a) Is this firm a price-taker or does it have market power? Explain. (2 points)

(b) Write an equation for the firm’s profit function. (1 point)

(c) Solve for the firm’s profit-maximizing level of output, Q∗ .

(2 points) (d) What price does the firm sell its product at? (1 point)

3. Draw a graph a supply and demand graph for a perfectly competitive market. Label the curves and equilibrium price and quantity. In a separate graph, do the same for a firm with market power (3 points) (a) Now assume consumers become less price sensitive (i.e. the demand curve becomes more inelastic), but this change does not affect the quantity demand at the equilibrium price (in other words, the market equilibrium does not change) (An example of this might be a prescription drug with some substitutes is taken off the market). Draw the new demand curves (label this D2) and, for the firm with market power, the marginal revenue curve (MR2). Show and explain how this affects the equilibrium price and quantity for the firm with market power. Label the new price P2 and the new quantity Q2 (3 points)

Banks manage Credit Risk as part of prudent lending policy, name and discuss each of the five main elements.  

6) Dodd Frank brought deep reforms to financial institutions. Name three significant changes to the law, and the nature and implications for each of these/  

1. Banks face challenges when making loans.

These include asymmetric information, define asymmetric information, provide an example, and then discuss impacts of adverse selection.

An additional risk is moral hazard, how does moral hazard have an impact?  

I need an analysis of Chipotle Mexican Grills's existing business model