Give 3 examples of which you've used marginal thinking in everyday life, explain the situation clearly and describe your thoughts.
In: Economics
Identify the ethical issue related to foxconn scandal
In: Economics
In May of 2019, Elon Musk’s Space X project launched Starlink telecommunication satellites. The initial launch included 60 satellites out of a potential 1200 satellites to orbit the earth in pursuit of providing a world-wide ultra-fast internet product. Astronomers, however, are not so pleased with this new project. In fact, the American Astronomical Society (AAS) issued a statement of concern that these satellite constellations will create “the potential for substantial adverse impacts to ground- and space-based astronomy. These impacts could include significant disruption of optical and near-infrared observations by direct detection of satellites in reflected and emitted light; contamination of radio astronomical observations by electromagnetic radiation in satellite communication bands; and collision with space-based observatories.” Suppose now that Elon Musk has two ways of dealing with the problem of his satellites interfering with the observatories: 1) to limit the number of his satellites to 100 which would cost him (in reduced profits) $5B, or 2) to shut down the project entirely for a total cost of $20B. The AAS, on the other hand, has two ways of dealing with this problem: 1) to raise funding to increase the number of their satellites, which would cost a total of $8B, or 2) to shut down all astronomical observatories, which would cost a total of $40B (when accounting for the value of the positive externality created by the research). Suppose now that there are no courts or third-party arbitrators to resolve this dispute; and, further, that Elon Musk places a value on his public image and reputation in the amount of $15B, which he loses if the conflict continues with the AAS. Suppose that you were hired to consult Musk on this issue. Using transaction cost analysis, what contractual agreement (if any) do you think would result in this case? (5 points) What might you advise him to ultimately do and why? (5 points)
In: Economics
1- What were the two key characteristics that defined American culture during the 1950s?
2- List two results of the Sputnik crisis in the United States.?
In: Economics
1. Suppose that the economy is hit by the coronavirus crisis. One way to represent this in the model is as lower productivity z, since some businesses need to reduce operations, and workers are less productive.
a) Using the two-sided search model, determine the effects of lower z on the unemployment rate, the vacancy rate, the labour force, aggregate output, labour market tightness, and the wage. Use diagrams, and explain your results.
b) Assume that to restore employment after the crisis, the government implements policies that make it cheaper for firms to hire workers. Analyze their effect on the unemployment rate, the vacancy rate, the labour force, aggregate output, labour market tightness, and the wage. Use diagrams, and explain your results. In your analysis, only consider a change in the cost of hiring. Ignore changes in z in your answer.
(Note to expert: Please answer both a and b as they are both part of the same question)
In: Economics
"why company management matters". In an essay refer to lesson learned form gustav Schulenburg topic regarding the implementation of Corporate Govenance.
In: Economics
In: Economics
The standard Mincerian wage equation is as follows:
log(w)=β0+β1S+β2exp+β3exp^2+β4X+ϵ
Q: Why is work experience and its square included in the equation? How does it relate to standard human capital theory?
In: Economics
Given the current situation, many firms were forced to shut down in the short-run. However, it is being assumed that many will reopen and go back to business in the near future. Look at a specific firm or industry and discuss the decision these firms need to make and how you believe conditions will impact these decisions.
In: Economics
Question 3 - 48 marks Answer the following true, false, or uncertain with an explanation motivating your answer (you may use graphs and math to support your answer). 1. Suppose that the central bank follows an inflation-targeting rule. Then monetary policy makes income more stable against demand shocks while it makes income more unstable against supply shocks. [8 marks] 2. Under capital budgeting, the federal government selling a highway to the province of Nova Scotia and using the proceeds to retire federal debt would affect the federal budget deficit. [8 marks] 3. If neither investment nor consumption depends on the interest rate, then the IS curve is vertical and monetary policy has no effect on output. [8 marks] 4. Regulators can solve the moral hazard problem of rescuing a financial firm (by the government) in the midst of a financial crisis if they allow firm’s equity holders be wiped out, but protect firm’s creditors. [8 marks] 5. The Bank of Canada has complete control over the size of the money supply in Canada. [8 marks] 6. Fiscal policy has a relatively long inside lag, but short outside lag. In contrast, monetary policy has a relatively short inside lag but long outside lag. This is an argument for passive policy. [8 marks]
Only Answer part 3, 4, 5, 6
In: Economics
If the initial cash in the US economy is $1 Trillion,
individuals tend to keep onesixth
of their income as cash and deposit the rest, and banks can lend 90
percent
of the deposit and reserve the remaining, then:
a) What is the total money supply (M1) in this economy? (5
points)
b) If the Federal Reserve wants to expand the money supply by five
percent (because
of the current crisis), what types of policies can she use, and
how? Explain and
support your claim using computation if it is required. (10
points)
c) Let’s say, after implementing these policies, the economy only
increased by two
percent, explain why this happened. (5 points)
d) Now the government wants to stimulate the economy by ten more
percent after
the failure of the previous attempt by the Fed (the size of the
economy is $20
trillion, and it is predicted that it will be contracted by at
least $2 trillion by the
end of this year), what can she do? Explain the possible policies
that the Gov can
implement in detail, and use computation if necessary. (10
points)
In: Economics
Outline strategies on how the firm should respond to the changes in the economic indicators with the goal of maximizing revenues in the years ahead. How have they done in the past? What is their current state? What kinds of plans and possibilities do they have for the future? Is there room for improving what they do? Should new ventures be added or old ones subtracted? Then, discuss the firm’s global operations, and their influences on the regional and national levels. You also need to assess the value of multiculturalism and diversity in operating (managing) a company in a global environment.....my company chosen is Walmart
In: Economics
Required Words: 1000
An organization faces several internal and external risks in economic decision, such as high competition, failure of technology, labor unrest, inflation, recession, and change in government laws.Therefore, most of the business decisions of an organization are made under the conditions of risk and uncertainty.An organization can lessen the adverse effects of risks by determining the demand or sales prospects for its products and services in future. Demand forecasting is a systematic process that involves anticipating the demand for the product and services of an organization in future under a set of uncontrollable and competitive forces.
Question 01: In your opinion, explain with examples how Economic Decision analysis is important in Demand Forecasting and cost (Required Words 1000)
.
Note: Please no copy paste from internet plagiarism is strictly prohibited
In: Economics
please read the scenario this is all I got that is provided by my professor
If the initial cash in the US economy is $1 Trillion, individuals tend to keep one-sixth of their income as cash and deposit the rest, and banks can lend 90 percent of the deposit and reserve the remaining, then:
a) What is the total money supply (M1) in this economy? (5 points)
b) If the Federal Reserve wants to expand the money supply by five percent (because of the current crisis), what types of policies can she use, and how? Explain and support your claim using computation if it is required. (10 points)
c) Let’s say, after implementing these policies, the economy only increased by two percent, explain why this happened. (5 points)
d) Now the government wants to stimulate the economy by ten more percent after the failure of the previous attempt by the Fed (the size of the economy is $20 trillion, and it is predicted that it will be contacted by at least $2 trillion by the end of this year), what can she do? Explain the possible policies that the Gov can implement in detail, and use computation if necessary. (10 points)
In: Economics
This week we explored the various theories of FDI and discussed how political ideology has shaped these attitudes. With that said, please identify a cost and a benefit of FDI from the perspective of a home country. When answering this question, select any home country of your choice excluding the United States.
In: Economics