Consider two economies that are identical in all dimesions -- the same population, same saving rate, the same production function, etc, -- except for the fact that one has a level of productivity that is twice as high as the other, that is A^h = 2A^l . Assume both economies are in their steady states. what is the relationship between the levels of income per worker in these two economies?

A Nash equilibrium in a game is

The prisoners’ dilemma game

Suppose that each of two firms has the independent choice of advertising its product or not advertising. If neither advertises, each gets $10 million in profit; if both advertise, their profits will be $5 million each; and if one advertises while the other does not, the advertiser gets profit of $15 million while the other gets profit of $2 million. What is the likely outcome if the firms could successfully collude? (Hint: create the payoff matrix for yourself.)

Suppose two companies own adjacent oil fields, beneath which is a common pool of oil worth $30 million. For each well that is drilled, the company that drills the well incurs a cost of $3 million. Each company can drill one or two wells. Firms’ revenues are proportional to their share of the total number of wells drilled; for example, if three wells have been drilled total of which one firm has two, it gets two-thirds of the oil revenues, or $20 million (gross). What is the likely outcome of this game if each company pursues its own self-interest? (Hint: create the payoff matrix for yourself.)

When OPEC (Organization for Petroleum Exporting Countries) was established and started to apply a quota (restriction) in petroleum production, this triggered a crisis that we called as stagflation (supply shock) in 1970s. Can you write what did happen and why did it happen clearly by drawing a graph to explain this crisis. Don’t forget to label the graph and also explain how an economy get rid of from this crisis?

a- What is a car, a final good or an intermediate good? Why?

    b- What is the difference between natural rate of unemployment and cyclical unemployment? Explain very briefly. (Please explain the difference only.)

    c- Company, which was once a state enterprise established in 1965, sold to foreigners in 2012. What was the effect of this transaction to Turkish GDP when it

was sold? (Increase?, decrease?, no change to GDP?) Explain the reason.

d- Bulgarian army bought an airplane from France in 2018. What is the effect of this transaction to Bulgarian GDP in 2018? (Increase?, decrease?, no change to GDP?)

Explain the reason.

According to economic articles and journals, Covit 19 pandemic will bring a detrimental recession to lots of countries. By using the aggregate expenditure model that you have learned, can you explain why will there be a recession? (Explain fully and clearly what is the main culprit in this model.) You should draw a graph as well and relate your explanations with the graph.

As the number of firms in an oligopoly increases, and provided the firms do not successfully collude, the

As the number of firms in an oligopolized market

The paradoxical nature of oligopoly can be demonstrated by the fact that, even though the monopoly outcome is best for the oligopolists,

To increase their individual profits, members of a cartel have an incentive to

Monopolistically-competitive firms have an incentive to offer products and services that

If producers strongly object to a ban on their advertising, it is a good clue that

A financial services company may hire a famous professional athlete as a spokesperson because

Spending a lot on advertising

Unemployment Here are four individuals telling you their stories of how they became unemployed. In a multi-paragraph essay, apply the theories of unemployment to explain the type of unemployment that each of these individuals is facing and explain which of these individuals qualifies for unemployment benefits: Two months ago, Marcelle used to work full time in an automobile manufacturing firm. "The factory where I used to work has closed because our market contracted so much, and so I was laid off. This is happening to people all over the country-all you see in the papers is that economic growth has fallen and incomes across the country have fallen. I have been looking very hard for a new job, but have had no luck yet." Until last week, Dominic used to work full time as a hair-dresser in downtown Cincinnati. "I decided to quit my job, because I want to move to New York City." Until last month, Francine worked part time at a ski resort. "Well, it is summer now, and so the resort is closed. I will apply again in the winter when the snow is back. I am not interested in working until then." Two months ago, Beauvoir had been working full time as a secretary. "I was a good typist, but I don't know how to use a computer. My boss wanted to upgrade the office to computers, and so I was replaced by someone who is computer-savvy. I have been looking for another job, but it appears that I need to learn some computer skills." Develop a response that includes examples and evidence to support your ideas, and which clearly communicates the required message to your audience. Organize your response in a clear and logical manner as appropriate for the genre of writing. Use well-structured sentences, audience-appropriate language, and correct conventions of standard American English.

Here are some hypothetical numbers used to illustrate the ideas of trade-offs, specialization, and comparative advantage. Assume Sri Lanka, using all her resources efficiently, can produce either 1,000 bags of rice OR 3,000 bags of tea. Let's also assume that, using all her resources efficiently, Kenya can produce either 1,000 bags of rice OR 1,000 bags of tea. Further, assume that the countries have similar resource endowments and that, initially, they are not trading with each other. Therefore, each of the countries has to produce both rice and tea for its citizens. Suppose that, in the no-trade situation, Sri Lanka was consuming 400 bags of rice and 1,800 bags of tea, and in the no-trade situation, Kenya was consuming 500 bags of rice and 500 bags of tea.

Now, let's play a fun game called the "Trading Game" to figure out whether there is any benefit (in terms of increased consumption possibilities) for these two countries if they trade with each other. You are given the following information to start the "Trading Game". The trading price is set at one bag of rice for two bags of tea, and Kenya wishes to keep at least 550 bags of rice after trade.

Apply your knowledge of opportunity cost to identify the comparative advantage enjoyed by each country. Now using your knowledge of specialization and trade, show in a multi-paragraph essay, that the two countries can benefit by consuming more of both goods after trade.

Develop a response that includes examples and evidence to support your ideas, and which clearly communicates the required message to your audience. Organize your response in a clear and logical manner as appropriate for the genre of writing. Use well-structured sentences, audience-appropriate language, and correct conventions of standard American English.

Which of the following is NOT a possible government activity that can assist in economic issues that could influence long-run growth?

Group of answer choices

Controlling excess inflation.

Allowing excess short-term growth.

Investing in infrastructure.

Regulating business activities.

Which of the following is NOT an argument against economic growth? Group of answer choices

Growth may deplete resources.

Growth is often inequitable.

Growth has negative environmental impacts.

Growth leads to an expansion of power.

• Write an essay on the National transformation Program (NTP)
• The essay should be approximately 500 words, with Times new roman font and size 12.
• Do not copy & Paste.
• Include references.

• Write a short essay on The Capital Market Authority of Saudi Arabia.
• The essay should be approximately 500 words,with Times new roman font and size 12.
• Do not copy & paste.