Questions
. If you had your choice of a recession brought about by a demand shock or...

. If you had your choice of a recession brought about by a demand shock or a recession brought about by a supply shock which would you chose? Provide a complete justification of your choice.

In: Economics

1. Which of the following statements is (are) correct? (x) Business cycles are fluctuations in real...

1. Which of the following statements is (are) correct?
(x) Business cycles are fluctuations in real GDP and related economic variables such as investment and unemployment that occur over time.
(y) A short period of falling incomes and rising unemployment is called a recession and a short period of rising incomes and falling unemployment is called an expansion.
(z) During recessions firms may find that they are unable to sell all they produce and, as a consequence, workers are laid off.
A. (x), (y) and (z)
B. (x) and (y) only
C. (x) and (z) only
D. (y) and (z) only
E. (x) only


2. Which of the following statements about the United States is (are) correct?
(x) In the United States, investment is a small part of real GDP compared to consumption, yet it accounts for a large share of the fluctuation in real GDP.
(y) Spending on new factories and housing typically rises during economic expansions in the U.S.
(z) The rapid increase in asset prices, including stocks and capital equipment, was a probable cause of the Great Depression in the U.S.
A. (x), (y) and (z)
B. (x) and (y) only
C. (x) and (z) only
D. (y) and (z) only
E. (x) only


3. The overall price level in the U.S. is measured by the
A. rate of inflation.
B. rate of deflation.
C. CPI or the GDP deflator.
D. price of some particular commodity or service.
E. Either A or B

In: Economics

Hi, can you answer this question in more detail? Subject: Project Management (1) Consider the criteria...

Hi, can you answer this question in more detail?

Subject: Project Management

(1)

Consider the criteria for successful IT projects. Why is IT project success often so difficult to assess? Make a case for some factors being more important than others.

In: Economics

Hi, can you answer this question in more detail? Subject: Project Management (2) Why project management...

Hi, can you answer this question in more detail?

Subject: Project Management

(2)

Why project management has become such a popular business tool in recent years? Discuss with a company case as example.

In: Economics

what you think is the best relationship/mix between capitalism and socialism. What parts of the economy...

what you think is the best relationship/mix between capitalism and socialism. What parts of the economy are best left to free-market forces? What functions are better when regulated by or delivered by the government as a form of social welfare? Does the U.S. today have the right mix of the two? What would you change if you could. Please be sure to use specific examples of other health care systems in order to illustrate some differences between capitalist and socialist impulses. essay should be 300 words

In: Economics

What is the difference between the traditional Phillips curve and the expectations augmented Phillips curve and...

What is the difference between the traditional Phillips curve and the expectations augmented Phillips curve and what are the implications of that difference for stimulatory monetary policy?

In: Economics

A monopoly faces market demand Q = 30−P and has a cost function C(Q) = Q^2...

A monopoly faces market demand Q = 30−P and has a cost function C(Q) = Q^2

(a) Find the profit maximizing price and quantity and the resulting profit to the monopoly.

(b) What is the socially optimal price? Calculate the deadweight loss (DWL) due to the monopolist behavior of this firm. Calculate consumer surplus (CS) and producer surplus (PS) given the profit maximizing price.

(c) Assume that the government puts a price ceiling on the monopolist at P =22. How much output will the monopolist produce? What will be the profit of the monopolist? Calculate CS, PS, and DWL.

(d) Assume that the government put a price ceiling on the monopolist in order to maximize the total (i.e. consumer plus producer) surplus. What price ceiling should it choose? How much output will the monopolist produce at this price ceiling? What will the profit of the monopolist be? What is the DWL?

In: Economics

Why wage rates of all types of labor are lower in India and Pakistan than Saudi...

Why wage rates of all types of labor are lower in India and Pakistan than Saudi Arabia?

In: Economics

What are the determinants of demand for labor and supply of labor? How is the equilibrium...

What are the determinants of demand for labor and supply of labor? How is the equilibrium wage rate determined in a labor market? Why a janitor gets lower wage than a heart surgeon? Why wage rates of all types of labor are lower in India and Pakistan than Saudi Arabia?

In: Economics

Process equipment is purchased in a chemical industry in 2020 for OMR 102000 for an expected...

Process equipment is purchased in a chemical industry in 2020 for OMR 102000 for an expected service life of 3 years. Original salvage value was estimated to be OMR 21000 at the end of service life. Prepare a table showing the depreciation cost and book value for each year by using the following depreciation methods.
a) Straight line method
b) Declining balance method
c) Double declining balance method
d) Sum of the years digit method
e) MACRS method using half year convection (Refer the fixed percentage factor table for applicable year)

##all the answers must be perfect without any decimal place

In: Economics

You are responsible for managing a performance-based advertising campaign for your company that provides Indian cuisine...

You are responsible for managing a performance-based advertising campaign for your company that provides Indian cuisine cooking classes that cost $100 per student. You have a budget of $300 per day. The search terms you decide to bid on are cooking classes and Indian cooking classes. You initially allocate $200 per day to the first campaign and $100 to the second. Over time you realise that “cooking classes” generates on average 500 clicks per day resulting in sales of $5000. “Indian cooking classes” generates on average 100 clicks resulting in sales of $3000. Which campaign would appear to be the most effective? Calculate the CPC and ROI for each campaign to justify your response. Feel free to use your computer or a calculator to help you work out the answers.

In: Economics

A person planned to start a business venture in Muscat and decided to borrow a loan...

A person planned to start a business venture in Muscat and decided to borrow a loan of OMR 52000 from Bank Muscat at an interest rate of 18 % per annum. Determine the following
a) Simple interest and total amount due after 12 years if no intermediate payments are made and interest is compounded annually.
b) Compound interest and total amount due after 9years if no intermediate payments are made and interest is compounded annually.
c) Compound interest after 9 years if the interest is compounded after 3 months.
d) Difference between simple interest and compound interest after 8 years.
e) Nominal and effective interest rate if the interest is compound after 2 months.

##all the answers must be perfect without any decimal place

In: Economics

Jeff has a monthly income of $400, which he spends each month on dinners (which cost...

Jeff has a monthly income of $400, which he spends each month on dinners (which cost $20 each) and movies. He finds that he maximizes his utility by spending half his income on dinners and ha lf on movies. His marginal rate of substitution at this bundle of goods is 0.4 (measured with dinners on the horizontal axis).

a. Given this information, what is the price of movies?

b. Draw Jeff's budget constraint and indifference curve at this optimal bundle. Label both axes appropriately.

c. Write an equation—in slope- intercept form—for Jeff's budget constraint.

d. What is the opportunity cost, in terms of dinners, of an additional movie? e. Now suppose the price of dinners changes to $25. Show on your diagram how the budget constraint will change. Can Jeff still afford his initial bundle from part b?

In: Economics

Question (2) Consider a country that imports a good from abroad. For each of following statements,...

Question (2)

Consider a country that imports a good from abroad. For each of following statements, say whether it is true or false. Explain your answer.

  1. “The greater the elasticity of demand, the greater the gains from trade.”
  2. “If demand is perfectly inelastic, there are no gains from trade.”
  3. “If demand is perfectly inelastic, consumers do not benefit from trade.”

In: Economics

As a detective seeking evidence [need to know investor]: How well does Ford Motor focus and...

As a detective seeking evidence [need to know investor]:

How well does Ford Motor focus and capitalize on individual differences?

In: Economics