Questions
What is the role of segmentation and targeting in marketing?

What is the role of segmentation and targeting in marketing?

In: Economics

In view of the Coronavirus epidemy, the Bank of Canada along with most advanced nations’ central...

In view of the Coronavirus epidemy, the Bank of Canada along with most advanced nations’ central banks has cut its policy interest rate by 1.5% to 0.25%.

  1. Explain the Bank of Canada’s intention and motive behind this policy.
  2. Employing the model of interest parity, discuss with the help of a diagram the expected impact of these interest cuts on the exchange rate (Canadian dollar).
  3. Now explain how the expected change in the Canadian dollar is hoped to affect Canada’s net exports (NX) and Canada’s GDP.

In: Economics

4.​A family is deciding whether to send the oldest child to college. The family expects that...


4.​A family is deciding whether to send the oldest child to college. The family expects that the college education will mean 1.6 times more income per year than if the child does not go to college. College will cost $100,000 (assume that all costs occur in one year). If the income of someone not going to college is $30,000 per year, how long would it take for the $100,000 investment to be paid back in extra earnings, assuming an interest rate of 5 percent? (12 points)
Answer:

In: Economics

The Virus has been blamed for causing much economic havoc in the world and in the...

The Virus has been blamed for causing much economic havoc in the world and in the United States. In reality, much of the damage has been cause be governments using their police power to prohibit beneficial economic activities from occurring. Assume the Virus scare is over. You are Chairperson of the Federal Reserve System. What monetary policies would you implement to get the US economy improving and growing, if any. You must explain correctly and in detail what they are and how they would work. This means going into detail about their transmission mechanisms. You may choose more than one. You have to convenience your skeptical professor that you know what you are talking about.

In: Economics

Use WDI data and your textbook (Grabowski et al) to answer the following question. Both India...

Use WDI data and your textbook (Grabowski et al) to answer the following question. Both India
and China progressed from slow to modest growth before 1980 to more rapid rates of growth after
1980.
(a) What similarities can be drawn between the two countries’ experiences?
(b) What are some of the fundamental differences in the two countries’ experiences

In: Economics

Suppose Liam’s utility function for ice cream (q1) and pumpkin pie (q2) is U = 8q10^.5...

Suppose Liam’s utility function for ice cream (q1) and pumpkin pie (q2) is U = 8q10^.5 + q2 His income is $100. The price of a pumpkin pie is $1. Suppose the price of ice cream increased from $1 to $2. Find CV, EV, and ΔCS.

In: Economics

Economics: Efficient markets require well-defined and well-enforced property rights. A Day in Court for Cuban Property...

Economics: Efficient markets require well-defined and well-enforced property rights.

A Day in Court for Cuban Property Owners

Those who traffic in assets confiscated after the revolution can be held liable.


By
Mary Anastasia O’Grady
Dec. 29, 2019 2:39 pm ET

The first US-to-Cuba cruise ship, Adonia from the Carnival cruise line, May 2, 2016. Photo: adalberto roque/Agence France-Presse/Getty Images
Thanks to the Trump administration, Americans whose property in Cuba was expropriated by the military dictatorship of Fidel Castro may finally have their day in court.

New Year’s Day marks the 61st anniversary of the fall of Cuban dictator Fulgencio Batista. A week later, on Jan. 8, 1959, Castro triumphantly entered Havana.

Many Cubans had risked all to unseat Batista with the goal of restoring constitutional government. But Castro sought absolute power. He refused to hold elections and instead launched a purge. There were firing squads, dungeons and exile. Whole communities of peasants in central Cuba—where resistance to the tyranny was strongest—were displaced and sent to concentration camps on the western end of the island.

To lock down power, Castro stripped citizens and foreigners alike of their property. State terrorism explains how the regime has survived. More remarkable is the tenacity of the Cuban diaspora. Most made meaningful new lives wherever they ended up. But many families have never abandoned the hope of getting justice for the crimes of the regime.

In March 1996 President Clinton signed the Cuban Liberty and Democratic Solidarity Act, also known as Helms-Burton, to strengthen the U.S. embargo on Cuba. He had resisted the legislation for months. But Mr. Clinton acquiesced after the Cuban air force shot down two Cessna aircraft carrying members of a Cuban liberation group Brothers to the Rescue in international airspace.

Mr. Clinton won a concession from Helms-Burton backers in Congress: The president would have the power to waive Title III of the act, which makes liable those who traffic in the property of U.S. nationals confiscated by the regime. Mr. Clinton used his waiver power, as did his successors—until President Trump declined to do so this April.

Title III allows Americans—including Cuban-Americans who naturalized after Castro came to power—to seek compensation in U.S. courts from those trafficking in property seized from them by the Cuban regime.

Some 20 claims have been filed since April, including one against Miami-based Carnival Cruise Lines by the owner of Havana Docks for its use of that expropriated facility. A separate action against Carnival is by a different owner, for its use of the Santiago de Cuba port, also taken at gunpoint by the regime. There’s a lawsuit against American Airlines (Links to an external site.), brought by the son of the owner of the José Martí Airport in Havana at the time it was confiscated.

One challenge for plaintiffs will be establishing whether their targets are within reach of U.S. law. A class-action suit originally filed in May on behalf of American owners of Cuban properties named the Cuban regime and its officials as defendants. But Cuba may claim that sovereign immunity precludes its being sued. The suit was amended on Dec. 6 to allege that “Expedia (Links to an external site.), and Booking.com (and their affiliates)—have used, trafficked in, and benefited from these confiscated properties without permission from, or compensation to, the properties’ rightful owners.”

Exxon Mobil (Links to an external site.) has a claim that is certified by the U.S. government, which means ownership is already recognized. In May it brought a complaint against the Cuban state-owned holding company, Cimex, and Unión Cuba-Petróleo for “unlawful trafficking” in Exxon’s “confiscated property in violation of Title III.” The defendants filed a motion to dismiss in October, claiming sovereign immunity. In November Exxon filed an amended complaint to demonstrate jurisdiction.

Expedia said Friday that it “does not comment on pending litigation.” Booking.com could not be reached for comment. On Thursday Judge Cecilia Altonaga denied the companies’ motion to dismiss the class action and permitted jurisdictional discovery to go forward. If the plaintiffs can show that the defendants are subject to U.S. courts and that a judgment can be secured, the case is likely to be heard.

NPR reported (Links to an external site.) in May that Carnival “said it has a U.S. Treasury license to do business in Cuba.” In a Saturday email a company spokesman wrote, “We believe in the merits of our case and remain optimistic that we will prevail.”

American Airlines told me Friday that its “service to José Martí International Airport in Havana, Cuba, is expressly authorized by the U.S. government including the Department of Transportation and the U.S. Office of Foreign Assets Control. In addition, the Helms-Burton Act specifically exempts lawful travel, which is what American provides.”

It is true that the Obama administration, eager to play ball with the regime, gave licenses to American Airlines and Carnival to operate in Cuba. But there is a difference between being cleared by Treasury to conduct business in Cuba and using expropriated assets to sustain those businesses. In a U.S. court of law that may turn out to be no small distinction.

Write to O’[email protected].

Comments?

In: Economics

What is the Electoral College? How does it work and what is its role in the...

What is the Electoral College? How does it work and what is its role in the election of the President?

In: Economics

1. Using the central bank balance sheet, evaluate how each of the following shocks affects a...

1. Using the central bank balance sheet, evaluate how each of the following shocks affects a country’s ability to defend a fixed exchange rate. In the following answers, we assume the central bank keeps domestic credit unchanged whenever possible.

a. The central bank sells government bonds.

b. Currency traders expect a depreciation in the home currency in the future. c.

C. An economic contraction leads to a change in home money demand.

D. The foreign interest rate falls

In: Economics

Starbucks sales about $1 million per store each year, or about $2,700 per store per day....

  1. Starbucks sales about $1 million per store each year, or about $2,700 per store per day. McDonalds sell about $2 million, and Chick-Fil-A sells $4 million (open only 6 days). Assuming each has the same elasticity of demand of approximately 0.75, if each business offers a 5% discount…
    1. What will their new store sales be?

      In: Economics

      President Trump campaigned on a platform to put "America First" in its diplomacy and foreign policy....

      President Trump campaigned on a platform to put "America First" in its diplomacy and foreign policy. Can the United States meet its foreign policy goals if it acts alone? Has the United States been too concerned with the demands of other nations? Must the United States be deeply involved in international organizations in order to be a world leader?

      In: Economics

      Use the IS-LM-PC model to explain how the economy adjusts to an increase in taxes in...

      Use the IS-LM-PC model to explain how the economy adjusts to an increase in taxes in the medium run. Assume that the economy starts at a medium run equilibrium No graph necessary. Be sure to specify which curve shifts in the medium run. State how output, inflation, and the real interest rate change relative to the initial point where the economy started. Make sure that you state how inflation evolves differently under anchored expectations and under backward-looking expectations.

      In: Economics

      Universal widget produces high-quality widgets. Its total cost function is given by ?? = 0.25? 2...

      Universal widget produces high-quality widgets. Its total cost function is given by ?? = 0.25? 2 . Widgets are demanded in Australia (where the demand curve is given by qA = 100 – 2PA) and in Lapland (where the demand is given by qL = 100 – 4PL). Total demand is equal to the combined demand from both locations. Suppose Universal widget can control the quantities supplied to each market.

      (a) How many should it sell in each location to maximize its profit?

      (b) What price will be charge in each location?

      In: Economics

      Which of the following statements about global economic growth is NOT true? Group of answer choices...

      Which of the following statements about global economic growth is NOT true?

      Group of answer choices

      In 2010 it was noted that, globally, banks faced a "wall" of maturing debt.

      The economic struggles of large economies impact the global economy more than those of small economies.

      The credit crisis started in 2008 and increased in 2009.

      From 1980 to 2012 China has had the largest economy and rate of expansion.

      In: Economics

      How is the seventh national development plan of Zambia going to be affected by the corona...

      How is the seventh national development plan of Zambia going to be affected by the corona virus?
      1000 words.

      In: Economics