Questions
1) Should Texas adopt a full-time legislative model instead of a part-time model? Why or why...

1) Should Texas adopt a full-time legislative model instead of a part-time model? Why or why not? Be sure to use information from the readings notes to support your answer.

2)Should Texas remove the governor's line-item veto power and only give him the option of a full veto? Why or why not? Be sure to use information from the readings to support your answer.

3)Does Texas provide too much authority and power to local government? Should some things be more regulated by the state than the local governments? Why or why not? Be sure to use information from the readings to support your answer.

In: Economics

If P = -$500,000, Annual Income = +$10,000 per year, Salvage= +$700,000, and N = 10...

If P = -$500,000, Annual Income = +$10,000 per year, Salvage= +$700,000, and N = 10 years. Determine the Interest Rate

In: Economics

1. Suppose that the market demand is described by P = A – B(Q+q) where P...

1. Suppose that the market demand is described by P = A – B(Q+q) where P is the market price, Q is the output of the incumbent firm, and q is the output of the potential entrant to the market. The incumbent’s total cost function is C(Q) = c1Q, whereas the cost function of the

entrant is C(q) = c2q+F.
a. If the entrant firm observes the incumbent producing Q* units of output and expects

this output level to be maintained, what output q will the entrant produce?
b. How much output would the incumbent firm have to produce to just keep the entrant

out of market?
c. If the entry occurs, does the incumbent firm really produce the output in part b?

Suppose that upon entry, these firms play a Cournot game.

In: Economics

1. The State of Florida currently budgets $10,000/year for two goods—voting machines (which cost $1,000 each)...

1. The State of Florida currently budgets $10,000/year for two goods—voting machines (which cost $1,000 each) and voter education programs (which cost $500 each). Their wise governor, Jeb, knows his constituency well enough to know their indifference map over the two goods. Now, consider bundle A which consists of 5 voting machines and 10 education programs. The slope of Florida's indifference curve at bundle A is –3 (assume voting machines are on the horizontal axis).

a. Is this combination of goods the optimal bundle of goods for the State of Florida?

b. If so, explain why. If not, carefully explain how Florida can re-arrange its expenditures (i.e., choose another bundle) to reach a higher level of utility (you do not need to determine exactly which bundle they would choose).

c. Show how a $5,000 grant from the federal government would affect Florida's budget constraint. d. Suppose the federal government restricts the state to spend this $5,000 grant on voting machines only. Re-draw the state's budget constraint, reflecting this requirement.

2. Suppose that the demand curve of a good is vertical over a given range of prices. Draw the corresponding indifference curves and budget lines (assume the indifference curves of this good meets the four assumptions of preference, and the budget line is linear). Is this good a normal good? (Hint: draw the diagram of the process of getting a demand curve, figure out what substitution effect and income effect should be, and whether income effect is positive or negative.)

3. 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

“Universal Declaration of Human Rights” Whereas recognition of the inherent dignity and of the equal and...

“Universal Declaration of Human Rights”

Whereas recognition of the inherent dignity and of the equal and inalienable rights of all members of the human family is the foundation of freedom, justice and peace in the world,

Whereas disregard and contempt for human rights have resulted in barbarous acts which have outraged the conscience of mankind, and the advent of a world in which human beings shall enjoy freedom of speech and belief and freedom from fear and want has been proclaimed as the highest aspiration of the common people,

Whereas it is essential, if man is not to be compelled to have recourse, as a last resort, to rebellion against tyranny and oppression, that human rights should be protected by the rule of law,

Whereas it is essential to promote the development of friendly relations between nations,

Whereas the peoples of the United Nations have in the Charter reaffirmed their faith in fundamental human rights, in the dignity and worth of the human person and in the equal rights of men and women and have determined to promote social progress and better standards of life in larger freedom,

Whereas the Member States have pledged themselves to achieve, in co-operation with the United Nations, the promotion of universal respect for and observance of human rights and fundamental freedoms,

Whereas a common understanding of these rights and freedoms is of the greatest importance for the full realization of this pledge,

Now, Therefore THE GENERAL ASSEMBLY proclaims THIS UNIVERSAL DECLARATION OF HUMAN RIGHTS as a common standard of achievement for all peoples and all nations, to the end that every individual and every organ of society, keeping this Declaration constantly in mind, shall strive by teaching and education to promote respect for these rights and freedoms and by progressive measures, national and international, to secure their universal and effective recognition and observance, both among the peoples of Member States themselves and among the peoples of territories under their jurisdiction.

-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Article 1

All are equal before the law and are entitled without any discrimination to equal protection of the law. All are entitled to equal protection against any discrimination in violation of this Declaration and against any incitement to such discrimination.

Article 2

Everyone is entitled in full equality to a fair and public hearing by an independent and impartial tribunal, in the determination of his rights and obligations and of any criminal charge against him.

**Required**

Read the above passage " Universal Declaration of Human Rights" and pick one of the 2 articles above and explain how you as a manager can realize or support to realize the goal of the article you have chosen.

In: Economics

Jilly sells ice cream at the beach. You have determined that demand can be described by...

Jilly sells ice cream at the beach. You have determined that demand can be described by the following demand equation: Q = 1,200 - 200P. a. If P = $3.00, determine the number of ice cream sold and the elasticity of demand at this price. b. If price is increased to $4.00, determine the elasticity of demand at this new price. Is demand more or less elastic after the price increase?

In: Economics

How does demand affect the ability of a genco to exercise unilateral market power? How does...

  1. How does demand affect the ability of a genco to exercise unilateral market power?
  1. How does transmission congestion affect the ability of a genco to exercise unilateral market power?

In: Economics

Remittances by native workers living and working abroad: Select one: a. are much larger than reported...

Remittances by native workers living and working abroad:

Select one:

a. are much larger than reported by official statistics.

b. often exceed the amount of foreign aid received by a country.

c. substantially diminish the alleged negative effect of the “brain drain.”

d. All of the above.

The high private rates of return to higher education, relative to the social returns, as given by the accumulated evidence on the costs and benefits of education probably reflect the fact that higher education:

Select one:

a. is usually paid for by the students themselves.

b. is usually subsidized by governments.

c. costs more per student than other levels of education.

The main reason many economists have concluded it is likely that there has been under-investment in human capital in developing countries is that:

Select one:

a. returns to education are generally much higher in developing economies than in the developed economies.

b. education levels are very low in developing countries.

c. some educated people immigrate to developed economies, a phenomenon known as the “brain drain.”

Which of the following growth models does not assume that the decision to save is equivalent to the decision to invest?

Select one:

a. The extended Solow model.

b. The Schumpeterian model.

c. The Harrod-Domar model.

In: Economics

After introducing education into the R&D model of technological progress, we can conclude that: Select one:...

After introducing education into the R&D model of technological progress, we can conclude that:

Select one:

a. the lower the cost of education, the smaller the number of R&D workers and the greater the rate of technological progress.

b. the lower the cost of education, the greater the number of R&D workers and the greater the rate of technological progress.

c. the higher the cost of education, the greater the rate of technological progress.

Bill would like to buy a gift for Ann to convey his love for her. Which of the following areas of economics would most likely study this type of decision?

Select one:

a. asymmetric information

b. political economy

c. industrial organization

Crony capitalism is:

Select one:

a. preferential treatment that banks give certain customers.

b. the common ownership of banks and firms that seek loans.

c. the favoritism by financial firms towards borrowers who the bank has dealt with before.

d. All of the above.

Efforts to deal with child labor in the late twentieth century have been different from 19th century efforts to curb child labor in that:

Select one:

a. efforts to curb child labor are now directed through labor regulations while trade restrictions were usually used in the 19th century.

b. the political pressure for policies to curb child labor in the 20th century often came from groups outside the developing economies where the child labor occurs and sought policies by developed country governments to restrict trade.

c. child labor is now much more exploitative than it ever was in the 19th century.

In: Economics

1. In Canada, one worker can produce either one bushel of wheat or one beer mug....

1. In Canada, one worker can produce either one bushel of wheat or one beer mug. In China, one worker can produce either two bushels of wheat or three beer mugs. Who has the comparative advantage in each good?

A. China in both goods.

B. China in wheat and Canada in mugs.

C. Canada in wheat and China in mugs.

D. Canada in both goods.

2. In the real world, specialization is rarely complete because

A. production possibilities curves are straight lines rather than curves bowed outward as viewed from the origin.

B. international law prohibits monopolies.

C. one nation's imports are necessarily another nation's exports.

D. nations normally experience increasing opportunity costs in producing more of the product in which they are specializing.

3. The major reason(s) for the current US trade deficit with China is

A. the high world demand for the dollar.

B. the low value of the yuan.

C. the current economic growth of the U.S.

D. the per capital US GDP.

E. all of the above.

4. According the analysis in the book on tariffs, tariffs would

A. raise the price of foreign goods.

B. create revenue for the domestic government.

C. limit the imports of foreign goods.

D. all of the above.

5. According to the analysis in the book on subsidies, subsides would

A. raise the price of the product because now it includes the taxes that paid for the subsidy.

B. raise the cost of production for the domestic firms.

C. make production more efficient.

D. support trading on the basis of comparative advantage.

In: Economics

Population distribution : Population distribution of Japan is 334.66/km2 on an area of 377,930 km2. Japan...

Population distribution :

Population distribution of Japan is 334.66/km2 on an area of 377,930 km2.

Japan is politically divided into 8 regions and 47 prefectures.

(all primary and secondary regions of high population density lie on the coast; one-third of the population resides in and around Tokyo on the central plain (Kanto Plain))

  • Hokkaido: 66.4 ppl/km2
  • Tōhoku: 130 ppl/km2
  • Kantō: 1300 ppl/km2
  • Chūbu: 300 ppl/km2
  • Kansai: 830 ppl/km2
  • Chūgoku: 240 ppl/km2
  • Shikoku: 220.3 ppl/km2
  • Kyūshū: 332.4 ppl/km2

Population Projections :

Japan population will decrease to 100 million people by 2049 from where it is now at 127 million and will continue to decrease to just above 50 million by 2100.

Japan’s population decline has several social and economic repercussions, such as one-third of the population being elderly by 2036 and a lack of working-age people to help keep the economy growing.

NEED A BRIEF SUMMARY OF THIS PART PLEASEEE !!

In: Economics

brief summary of the demographic trends in japan 2020 ?

brief summary of the demographic trends in japan 2020 ?

In: Economics

Even established super brands like Coca Cola constantly need to evolve and change the way they...

Even established super brands like Coca Cola constantly need to evolve and change the way they do things. Coca Cola’s ambitious sustainable packaging goal which focuses on the entire packaging lifecycle, including what their bottles and cans are made from, through to how they are disposed of, recycled and repurposed. Coca Cola know that their consumers care about these pollution issues so they need to work with their bottling and other partners to make these initiatives happen.

Consider Coca Cola’s microenvironment actors and the macroenvironment forces that are involved in the long-term strategic direction for Coca Cola. Select on 1 microenvironment actor and one 1 macroenvironment force and discuss what Coca Cola should do with or about them.

In: Economics

Complete the table below and show your work: Year Total Employment (millions) Unemployment Rate (percent) Labor...

  1. Complete the table below and show your work:

Year

Total Employment (millions)

Unemployment Rate (percent)

Labor Force Participation Rate (percent)

Working-Age Population (millions)

1950

A

5,2

59,7

106,2

1970

80,8

B

61,0

139,2

In: Economics

Creating relationships and creating trust in an office is important and in order to do so...

Creating relationships and creating trust in an office is important and in order to do so you need to use the politics of the office.do you agree? why?

In: Economics