In: Economics
b. John would like to use behavior segmentation to segment the market. Explain any THREE types of behavior segmentation that are suitable for office workers and shoppers.
In: Economics
The table contains price and quantity information for two vehicle models produced by Ford Motor Company, the F-series trucks and Escape SUVs.
2016 | 2017 | |||
price | quantity | price | quantity | |
Escape SUVs | $24485 | $307069 | $24645 | $308296 |
F-series trucks | $44400 | $820799 | $47800 | $896764 |
a. Calculate the amount contributed by Ford to the U.S. GDP (real and nominal) from the sales of the two models in 2016 and 2017.
b. Determine the growth rate of nominal GDP (if Ford were the entire economy).
c. Determine the growth rate of real GDP( if Ford were the entire economy).
d. Use the shortcut you learned to convert between real and nominal growth rates to determine the growth rate of prices.
e. Is the increase in nominal GDP due to a change quantity, a change in prices, or both?
In: Economics
In 250 words describe Karl Marx predicted the downfall of capitalism. How do world events during the past fifty years indicate flaws in his prediction? please type
In: Economics
List three specific things that would cause the demand for ride-share services (i.e., Uber or Lyft) to shift. Use three different categories (all 5 listed below) of demand-shifters in your answer.
In: Economics
True or False and why..The Federal reserve monitors and regulates the supply of money in the economy.
In: Economics
In: Economics
Darren is considering adding three one‑year bonds to his portfolio. The face value on each bond is equal to $1,000.
If the current market interest rate is 44%, determine the present value (PV) of each bond. Enter your answers to two decimal places.
Face Value | Coupon | |
ABC Bond | $ 1,000 | 4% |
DEF Bond | $ 1,000 | 5% |
GHI Bond | $ 1,000 | 3% |
PV ABC : $
PV GHI: $
PV DEF: $
In: Economics
Utility function is U = 0.5 ln q1 + 0.5 ln q2
a) What is the compensated demand function for q1?
b) What is the uncompensated demand function for q1?
c) What is the difference between uncompensated demand functions and compensated demand functions?
In: Economics
The text defines the Malthusian trap as: “A point at which the world is no longer able to meet the food requirements of the population, and starvation becomes the primary check to population growth.” In other words, population will outpace food production.
Discuss whether you believe this trap has been avoided for the next 100 years. Consider government policies (like China’s one-child policy), the use of genetically engineered crops, social patterns of family size, and environmental factors.
In: Economics
What are the characteristics or assumptions of the monopoly model?
For each of the following markets explain the sources of monopoly power/barriers to entry: electric company, diamonds, new life-saving drug.
In what part of the demand curve will a monopolist operate? Why?
In: Economics
For each of the 3 causal questions (i, ii, and iii) answer the following (and label your answers clearly):
a. What is the outcome variable and what is the treatment?
b. Define the counterfactual outcomes Yi(0) and Yi(1)
c.What plausible causal channel(s) runs directly from the treatment to the outcome? In what direction would that push the results?
d.Is reverse causality a potential concern?
e.What are possible sources of selection and/or omitted variable bias in the raw comparison of outcomes and treatment status? Which way(s) would you expect the bias to go and why?
Questions
i.Many firms, particularly in poorer countries, are small and informal.Do informal firms grow more slowly than formal firms?
ii.Do students who come to class more get higher grades?
iii.Are countries whose governments are a larger part of the economy (ie G/GDP is larger) wealthier?
In: Economics
b) Explain at least two possible
i. Positive economic effects of devaluing the pula.
ii. Negative economic effects of devaluing the pula.
[12 marks]
In: Economics
Consider a one period macroeconomic model for the closed economy of the island of Anabel. Describe the three agents in the model, the exogenous variables, and the endogenous variables in the model. Graph and describe the competitive equilibrium of Anabel's economy.
In: Economics
The price of oil in international markets has dropped stunningly 60% in the past twelve months. Among the factors mentioned behind this drastic fall is the millions of barrels of oil produced in the US called shale oil.
Look at the supply and demand picture for this commodity and try to analyze its price action. Discuss the impact of price elasticity of supply and demand in the short and long terms.
Should be in 3-4 pages thanks
In: Economics