Assessment Question Week 2: Production Possibility Frontier
In 2017, Nepal production of rice and machinery in 2017 was published by the Nepal Bureau of Statistics as indicated by the table below.
Production in Nepal
   P   Q   R   S   T   U   V   W   X   Y   Z
Rice (1000 tons)   0   10   26   37   45   50   55   59   66   77   80
Machinery (units)   90   89   85   80   75   70   65   60   50   30   0

Based on the table above, a production possibility frontier for Nepal can be plotted as below:

Use the Nepal production table and production possibility frontier to answer the following questions.
(a)   Name positions B, V and D. Explain the implications of each of the production positions (B, V, D) on Nepal’s economy.
(b)   Supposing Nepal is operating at level T what is the opportunity cost of producing 10,000 more tons of rice? Also, suppose Nepal is operating at X what is the opportunity cost of producing 70 units of machinery?
 
(c)   Use the graph below to answer the questions that follow

(i)   Suppose Nepal begins to manufacture fertilizers, explain the impact of the discovery of fertilizers to Nepal’s economy using PPF.
(ii)   Supposing there is a discovery of steel in Nepal, explain the impact of steel to the economy of Nepal using a PPF.
(iii)   The Minister of Finance in Nepal advices that in order to increase rice production and machinery, each sector requires USD 50 billion. Explain the impact of the budgetary allocation on the economy of Nepal using PPF.

Q. Discuss the disadvantages to trade.

Q. Discuss the advantages to trade.

Suppose that uncertainty about the economic impact of the pandemic causes the public to adjust by saving more to use in case of a lenghty economic downturn worldwide. Comment on the impact to the multiplier and Real GDP.

5. According to the textbook, which of the following statements is (are) correct?
(x) The multiplier effect is the multiplied impact on aggregate demand of a given increase in government purchases of goods and services.
(y) The marginal propensity to consume (MPC) is defined as the fraction of extra income that a household consumes rather than saves and the larger the MPC the larger the multiplier effect.
(z) According to the multiplier effect, an increase in government purchases causes interest rates to increase which increases investment spending.
A. (x), (y) and (z) B. (x) and (y) only
C. (x) and (z) only D. (y) and (z) only.
E. (y) only

6. Which of the following statements is (are) correct?
(x) According to the textbook, an increase in government spending on goods to build or repair transportation infrastructure and education facilities shifts the aggregate demand curve to the right and, in the long run, shifts the aggregate supply curve to the right.
(y) According to the crowding-out effect, an increase in government purchases causes interest rates to rise and the interest rate increase causes an increase in investment spending.
(z) The multiplier effect amplifies the effects of an increase in government expenditures, while the crowding-out effect diminishes the effects.
A. (x), (y) and (z)
B. (x) and (y) only
C. (x) and (z) only
D. (y) and (z) only.
E. (z) only

7. If consumer confidence diminishes and causes a reduction in household spending, then aggregate demand ________, which the government could offset by _________ government expenditures or ________ taxes.
A. decreases, increasing; increasing.
B. increases, increasing, decreasing.
C. increases, decreasing; increasing.
D. decreases, decreasing; increasing.
E. decreases, increasing; decreasing

10. A perfectly competitive industry consists of many identical firms, each with a long-run average total cost of LATC = 800 – 10Q + 0.1Q2 and long-run marginal cost of LMC = 800 – 20Q + 0.3Q2.
a. In long-run equilibrium, how much will each firm produce?
b. What is the long-run equilibrium price?
c. The industry's demand curve is QD = 40,000 – 70P. How many units do consumers buy in long-run equilibrium? How many firms are in the industry?
d. Suppose the industry's demand curve rises to QD = 40,600 – 70P. How many new firms will enter this constant-cost industry in the long run?

Suppose you were to pick a 24 hour period during which time you'll eat no more than $3 worth of food to experience what the average poor person in a less developed country has available to obtain food. Next, calculate what you would normally spend on food during a 24 hour period. For example, if you normally spend $10 per day on food, the difference will be $7.

To properly define the above case scenario, write a paragraph or two describing what you would experience during the 24-hour "abstention" period.

Why do you think that Amazon decided to enter the B2B Marketplace?

What makes their offering different from traditional B2B marketers and will this differentiation be enough to encourage B2B sellers and buyers to move to Amazon Business? Frame your answer (either pro and con) with arguments to backup your assessment.

What can and should traditional B2B marketers and sellers do to combat Amazon’s entry into this marketplace?

hofstede analysis for the united states and Mexico doing business together

How did Nelson Mandela’s vision of democracy compare with that of Mikhail Gorbachev? Is there one, singular form of democracy today?

How long will it take for the economy to get back to normal after the COVID19?

1. At a given exchange rate what does a quota do to desired net exports? As a result of this change which curve in the open-economy model shifts and which direction does it shift?

2. If for some reason U.S. residents increase their purchases of foreign assets, then all else constant which curve in the market for foreign-currency exchange shifts and which direction does it shift? What happens to the exchange rate?

3. Suppose the economy is in long-run equilibrium. Then because of corporate scandal, international tensions, and loss of confidence in policymakers, people become pessimistic regarding the future and retain that level of pessimism for some time. In the short run what happens to the price level and real GDP?

5.There are three factors that help explain the slope of the aggregate demand curve. Which two are less important? Why are they less important?

Thank you!!

The parents who vaccinate their children get only a portion of the benefit from this vaccination. Parents of other children also gain because their kids are less likely to catch the disease when so many children are immune. Use marginal benefit and marginal cost curves to explain a decision by parents when they consider whether to have their children vaccinated against chicken pox. Be sure to have a curve for the parents’ marginal benefit from having their own children vaccinated as well as society’s marginal benefit.

describe how you feel economic growth will be impacted by COVID-19 through 2021. Since we don’t know the future, please also consider what development or developments may change your forecast of economic growth?