PLease answer the questions in brief with graphs.

A change in relative prices will always change a utility maximizing consumer’s marginal rate of substitution.

1b) Competitive firms shutdown production when price falls below the minimum of the average total cost curve.

1c) An increase the price of firms output will always increase the use of an input.

1d) An import tariff on a commodity will increase the price for the producers of the commodity producers in the exporting country.

1e) When ending stocks are large, prices tend to be very unstable.

please answer this question in brief with graphs.

2a. In two paragraphs, describe the sources of the gains from trade and why countries use import tariffs.

2b In two paragraphs, describe how the COVID-19 pandemic has impacted the global macro economy and multiple ways it has impacted a specific agricultural commodity market (e.g. corn, beef, wheat).

Suppose that Congress is considering an investment tax credit, which subsidizes domestic investment.

         a. How does this policy affect national saving, domestic investment, net capital outflow, the interest rate, the exchange rate and the trade balance?

         b. Representatives of several large exports oppose the policy. Why might that be the case?

Please try to answer as soon as possible. Thanks in advance.

Answer the questions true, false or uncertain and provide a brief explanation or a graph to defend your answer.

1 a) A change in relative prices will always change a utility maximizing consumer’s marginal rate of substitution.

1b) Competitive firms shutdown production when price falls below the minimum of the average total cost curve.

1c) An increase the price of firms output will always increase the use of an input.

1d) An import tariff on a commodity will increase the price for the producers of the commodity producers in the exporting country.

1e) When ending stocks are large, prices tend to be very unstable.

Please answer the questions as soon as possible. Thanks in advance.

Please explain in brief in one to two paragraphs and provide graphs.

1. In two paragraphs, describe the sources of the gains from trade and why countries use import tariffs.

2b In two paragraphs, describe how the COVID-19 pandemic has impacted the global macroeconomy and multiple ways it has impacted a specific agricultural commodity market (e.g. corn, beef, wheat).

I. In each of the following two scenarios, what type of transaction is involved? (spot exchange, contract, or vertical integration). Explain your answer.

3. XYZ Corporation a big automobile company purchases Mich Tires, a local tire company.

4. Each year LAREDO bell, a new fast food company, has a legal obligation to purchase 0.5 billion pounds of potatoes from AGRI Expert located in San Antonio.

Since the 2007 financial crisis the Fed’s portfolio of Treasury and mortgage-backed securities has grown tremendously, from $900 to around $4.0 trillion today. In recent years there has been much discussion about how and how quickly the Fed may begin reducing the size of its balance sheet. What is the Fed’s balance sheet? What’s your take? Should the balance sheet be smaller

In each of the following two scenarios, what type of transaction is involved? (spot exchange, contract, or vertical integration). Explain your answer.

XYZ Corporation a big automobile company purchases Mich Tires, a local tire company.

Choose either free market, democratic socialism, socialism, or communism. Limit your answer to 7-12 sentences if possible.

“Based on my prior and current knowledge, I support a country that adopts a ____________ economic system because…”

1. Sandmo says (p.354) “While Keynes’ General Theory is a brilliant book…” it nevertheless “has one rather obvious weakness; it never assembles the various parts of the analysis in one consistent whole” Do you agree with Sandmo? Explain.

What is the main difference between a U-form organisational structure and an M-form organisational structure?

If a firm can save on transaction costs by making internal decisions about resource allocation (instead of using the resource markets), then … is there a limit on how much a firm can save on transaction costs using this method?

Use your Sociological Imaginations to consider the ways in which the Coronavirus/COVID-19 pandemic will affect the future of higher education. Will college enrollments increase or decrease? Why? Will the financial value of a college degree increase or decrease? Why?

The current pandemic caused by the COVID-19 has had a shock effect on the demand and has negatively impacted the rate of unemployment. That is, the aggregate demand has fallen as a cause of the measures taken to face this global epidemic, and at the same time, the rate of unemployment has risen.

1. Use Keynes’s D-Z model and the Income-Expenditure model to explain what has hap- pened to the U.S. economy as a consequence of the COVID-19.

2. Following the models used in point a. present possible solutions to this crisis and the assumptions you use to solve it.

3. How could a Job Guarantee program helps to resolve the dual problem of lower aggregate demand and high unemployment caused by the COVID-19 crisis?