In cases below, answer how the aggregate demand curve would shift: Leftward, Rightward, or No shift.
a. Consumers became pessimistic about future:
b. Firms became more bullish about future
: c. Government changed its suppliers from foreign ones to domestic ones:
In: Economics
A company is considering constructing a plant to manufacture a proposed new product. The land costs $300,000 the building costs $600,000 the equipment costs $250,000 and $100,000 additional working capital is required. It is expected that the product will result in sales of $750,000 per year for 10 years, at which time the land can be sold for $400,000, the building for $350,000, and the equipment for $50,000. All of the working capital would be recovered at the end of year 10. The annual expenses for labor, materials, and all other items are estimated to total $475,000. If the company requires a MARR of 15% per year on projects of comparable risk, determine if it should invest in the new product line. Use the PW method
In: Economics
Congratulations! You have just been appointed to a commission studying wage discrimination against women. Again, you have been pushed from the frying pan into the fire, as this is a sensitive topic. It is your role to give the background report to the commission, who will subsequently make some recommendations for anti-discrimination policy.
1) There are several theoretical models of labour market discrimination that seek to explain why men and women with equal productivity levels may not be paid the same. Briefly describe in intuitive terms the demand-side approach, the supply-side approach (the crowding hypothesis), and the non-competitive approach involving barriers to mobility.
2) It is true that, on average, women spend less time in the labour market gaining experience, on-the-job training, and other forms of human capital than men do, which is often tied to childbearing responsibilities. Some apologists claim that lower pay for women might be justified, as employers have less of an incentive to invest in workers with higher turnover. On the other hand, this line of reasoning has been countered by some analysts. What is the nature of the critique of those who disagree with the apologists? (An apologist would say that the pay differentials are justifiable based on productivity and that there is no direct discrimination against women.)
3) Empirical research on male-female earnings differentials is required to assess the validity of the models. The extent of the wage discrimination is typically measured by the so-called Oaxaca decomposition effect. Without getting into the technical details of this equation, explain the general idea of the procedure. You should describe the major elements. No graph is necessary.
In: Economics
Please I need today answer for This question and it is very important and I need solution for this issue with all the details , and help me with all the details.Please write your answer to me by typning not by hand writing, so that I can read and understand your answer clearly.thanks in advance/Ha
Q. Suppose that you are deciding whether to move to the United States or to stay in Sweden. Assume that (i) your decision is based only on wage differences; (ii) there are some fixed costs of moving and (iii) you live forever. The interest rate is given by r and wages in the US and Sweden are constant over time.
a) Derive the condition under which you will move.
b) Suppose now that you are making this decision together with your partner and you act as one unit. Explain the concept of tied stayer and tied mover.
In: Economics
Please I need today answer for This question and it is very important and I need solution for this issue with all the details , and help me with all the details.Please write your answer to me by typning not by hand writing, so that I can read and understand your answer clearly.thanks in advance/Ha
Q.a) What does the cross-elasticity of factor demand measure and how is it defined?
b) When is the cross-elasticity of factor demand positive and when negative? Explain why.
c) Show graphically how the demand curve for input i changes, when the price of input j is increasing and input j is a substitute. Explain in one sentence why this is the case.
In: Economics
Issues surrounding trade protectionism and nationalist policies of some countries?
In: Economics
How did the Australian economy fare in the last 12 months in terms of output growth, inflation and unemployment? Describe in detail the movements/trends observed for these variables.
In: Economics
The COVID virus has had an impact on all facets of our economy. Please discuss the impact it has had on each of the variables below over the net 12 months. Explain if the will increase, decrease, or remain unchanged and the reasoning behind your decision. You do not have to cite the textbook, but all other sources should be cited according to APA format.
1.G (government) 2.Exports 3. Government budget (T-G) 4.The value of our dollar in comparison to the US dollar. 5.The supply of money (M1) 6. The prime interest rate
In: Economics
write journal entry about the life of christopher mccandless ? from the article "Death of an Innocent" by John Krakauer.
In: Economics
1.Outline how counter cyclical fiscal policy and balanced budget fiscal policy would close a recessionary gap. Be specific on goals, how each theory would achieve those goals, how they would close the gap, and potential negative effects.
2.According to monetary policy, explain how the Bank of Canada would react to a recession. Be specific on goals, how they would achieve those goals, how they would close the gap, and potential negative effects.
3.Please describe how the PPC curve represents scarcity, choice and opportunity cost.
4.Discuss the differences calculating GDP using the expenditure approach and income approach. Be specific, do not just write the formula.
In: Economics
In: Economics
State which limitation of monetary policy best describes the following circumstances. That is, does it cause a recognition lag, an implementation lag, or an impact lag.
A) A firm puts off purchasing a new building until it's sure long run interest rates will react to a cut in the Federal Funds rate.
B) A recession begins due to falling business optimism and falling planned investment but the Fed isn't monitoring investors sentiment very closely and doesn't know about the recession.
C) The FOMC meets but can't come to a conclusion as to what the proper course of action should be.
D) A bubble forms in the stock market setting up the stage for a crash but the Fed isn't able to tell the market is overvalued.
In: Economics
As has been played out since its inception, the use of the Patriot Act has been controversial on many levels, yet it has also proved to be a useful tool in fighting terrorism, and preventing another large-scale attack on American soil. Some see it as an absolute infringement on long-treasured civil liberties in the United States, while others see it as an absolute necessity to deal with the reality of modern terrorism.
Taken as a whole, how do you feel about the Patriot
Act? Do you agree with those who oppose or support the act, or are
you somewhere in between?
Do you think there is a way to possibly bridge the gap
between both parties at any point in the future, so that civil
liberties continue to thrive, while law enforcement and
intelligence agencies can continue to keep us safe?
In: Economics
One of President Obama’s most notable campaign promises was to close the Guantanamo Bay detention facility. However, as he learned shortly after his election, the promise was easier made than kept.
Why do you think President Obama has been unable to
close the facility to this point?
Is there a legitimate reason to continue to maintain
the facility? defend your answer.
Do you think there is a solution that could lead to
the closing of the facility in the future, that would keep all
parties involved satisfied? Defend your answer.
In: Economics