We have seen in class that the labor force participation of women has increased considerably in the last 50 years in many countries of the world. Unfortunately, during the same time, in some countries, gender wage gap has increased. Newspapers in these countries have reported this increase in the gender wage gap as evidence that there have been an increase in the number of discriminating firms or in how discriminating they are. Using the model of discrimination learned in class, provide an alternative explanation of what could have increased the gender wage gap. Use a graph.

Drug law enforcers can concentrate their efforts on reducing supply or demand,
removing suppliers or removing demanders.
a. Assuming that your goal is to raise the price of drugs to a prohibitive level,
should you pursue suppliers or users? What does your answer assume about
elasticities of demand and supply?
b. If instead you want simply to reduce consumption and are uninterested in what
happens to price, under what assumptions about elasticities should you target
users rather than sellers?

Please justify with relevant economic concepts.

Developing a new product has taken longer and required more work than was
expected at the time the decision to develop was first made. Should the firm raise
the price of the product above what it originally planned to sell it for because the
costs are higher than before?

Please justify with relevant economics concepts.

Airlines routinely overbook flights, selling more tickets than seats available. If too
many ticketed passengers show up, they offer payments to volunteers who are
willing to give up their seats. These take such forms as cash vouchers for future
flights and upgrades to first class on the next flight out.
a. Why is this situation more efficient than a simple rule that prohibits airlines
from overbooking? (Be sure to say precisely what you mean by efficiency.)
b. Why do you (probably) not object to the airline practice of bribing passengers
off the plane, but you (probably) would object if you learned that the airline had
bribed a local politician to obtain airport gate space that would otherwise have
been used by a competitor?

Please justify with relevant economic concepts.

Consider the following statement: “Devoting a larger share of national output to investment will imply a higher consumption per worker and a higher living standard.” Do you agree with this claim? Explain, using the Solow model.

Given the current state of things with the coronavirus, we are seeing real damage being done to the economy. Policymakers are struggling to help the economy. Suppose you were in charge of either monetary policy (i.e., changes in the money supply) or fiscal policy (i.e., changes in government spending and taxing), explain what you would do and why you believe it would help.

Suppose an economy has been having very high inflation. The central bank has decided to decrease the money supply in hopes of decreasing GDP (the thinking is that by decreasing GDP, it will lead to lower inflation – no need to make that connection, just focus on the goal of decreasing GDP). Using the complete Keynesian model, explain in as much detail as possible what will likely happen to the economy (including GDP, the interest rate, investment spending, any multiplier effects). Finally, under what conditions would GDP be more effected (e.g., high or low mpc, steep or flat money demand, steep or flat investment schedule)?

Suppose a government has been running large government deficits. In order to address these deficits, the government has decided to decrease its spending (G) and raise taxes (T). Using the complete Keynesian model, explain in as much detail as possible what will likely happen to the economy (including GDP, the interest rate, investment spending, any multiplier effects). Finally, under what conditions would GDP be less effected (e.g., high or low mpc, steep or flat money demand, steep or flat investment schedule)?

The economy is in a recession. A congresswoman suggests increasing spending to stimulate aggregate demand but also at the same time raising taxes to pay for the increased spending. Her suggestion to combine higher government expenditures with higher taxes is: a. The worst possible combination of tax and expenditure changes. b. The best possible combination of tax and expenditure changes. c. A mediocre and contradictory combination of tax and expenditure changes. d. None of the above. After selecting your responses to both questions explain your answers in detail, use economic terms (aggregate-spending, production, income, employment...What are the economic consequences, how would they influence the four major sectors (C+I+G+Xn) and Real GDP.

How does Libertarianism differ from Equal Rights arguments in the theory of Ethics and Economics?

During the Covod-19 pandemic ventilators became a much sought after item. Governors were competing with each other and with the federal government for these much needed life and death items.

Q1. Why did this happen?

Q2. What can be done to prevent it from recurring, say during (God forbid) a second wave.

- Include in your discussion the following key items:

Resources Quantity Supplied and Quantity Demanded Equilibrium Price and Quantity and Market Equilibrium Shortage vs Surplus Price Gouging

Market Failure Imperfect Industry Structure The Relevant Determinants of Supply and Demand

Also apply these concepts to the current situation with toilet paper and with oil.

Explain the central difference between the search model and the Walrasian market for labor

Due to the corona virus,

How much of a decline do you anticipate for the Second Quarter of 2020? Will be in recession? This would mean GDP was down during the first quarter and/or the third quarter. Will it last long enough to be the second depression in 100 yeards?  

On inflation/deflation,what would your life have been like during the early 80's when the inflation rate was in double digits? Imagine what life would have been like in Germany in 1923, when prices were rising daily and the Deutschmark was losing ground daily against the dollar?

Post a discussion thread distinguishing between the micro and macro views of marketing. Then explain how they are interrelated, if they are. Your post should be thorough, utilizing the text, your personal experience, and any other information you are able to garner through research. A minimum of 150 words is expected to achieve full credit.