One reason that a market fails is in the presence of externalities (Chapter 18) Discuss two cases of either a negative or positive externality that affects you directly.

• What are the economic outcomes associated with each externality (in terms of surplus/over production etc.)?
• What are some ways that you could intervene to correct these externalities? If your solution requires the government to be involved, discuss why. If not, also describe why! (For full credit please make a reference to Coase's theorem that could be relevant.)

describe at least two factors that indicate how the global economy can affect value chains and business processes. Use a real work example from your personal experience, or through Internet research

How can the use of economic data to provide deeper analysis of the effects of the federal budget on our economy?

Which school of economic thought originated in the 1930s and argued that the key to overcoming the Great Depression was to have the Federal Government borrow more money and spend it on various programs, such as public infrastructure projects, in order to increase the economy’s total monetary demand for commodities and labor?

Use the following data to answer the following questions; A. Calculate nominal GDP in 2012 and 2013 B. Calculate real GDP in 2012 and 2013 (make 2012 the base year) Quantities 2012 2013 Apples 70 160 Oranges 90 220 Prices 2012 2013 Apples $.50 $1 Oranges $.25 $2

The BLS reported the following CPI data.

What is the rate of deflation between June 2008 and 2009? (Even though the price level fell, you still work the problem the same)

Data analysis plays an important role in business making decisions. In many situations, we want to make inferences that are based on statistics calculated from sample data to estimate the values of population parameters.   For example, a pollster may be interested in the sample results as a way of estimating the actual proportion of votes that each candidate will receive from a population of voters. In a business setting, do you think it is important to understand the population in which your samples are drawn? If so, why or why not? Are there situations where you feel that sample data is not a true representation of the population? Please explain in the context of the readings for this week.

What are the advantages and disadvantages of globalization, and can the current problem (COVID 19) be effect of globalization and global competition? show your argument?

What was the approaches of progressa (opportunidads) an innovative developing country designed poverty program, and why is considered as successeful?

What is the difference between trade creation and trade diversion , and did NAFTA served as a trade creation to Mexico or trade diversion? Discuss

Proponents of NAFTA argued that free trade areas provide dynamic, creation of new industries, economies of scale, and static trade creation. Illustrate?

Suppose the market for breakfast cereals is best described by monopolistic competition. In the short run, firms are earning positive profits. In a few sentences, explain the dynamics that capture how the market – at both the industry level and at the firm level – reach long‐run equilibrium. Be clear about market forces and firm decisions.