Questions
Good contracted to build a house for Stern according to Stern’s plans. After the house was...

Good contracted to build a house for Stern according to Stern’s plans. After the house was completed, there were several defects that Good refused to fix. Stern then contracted with Madden to do the necessary corrective work for $8,000 and then sued Good for $8,000 in compensatory damages. Stern also demanded $10,000 in punitive damages “to punish Good and set an example for others.” Is Stern entitled to compensatory damages? Is Stern legally or ethically entitled to punitive damages?

In: Economics

At the moment the government of Canada measures the strength and well-being of the nation through...

At the moment the government of Canada measures the strength and well-being of the nation through the GDP, which focuses on economic growth. It is assumed in this case that a country in which goods and services earn high market values is considered to be a 'good' country to live in and that people there are well off. But is this necessarily so? According to Waring, it is important to have an alternative indicator of well-being, ideally one which is arrived at collaboratively and collectively, and which takes a holistic approach to well-being. The Canadian Index of Well-Being has worked collaboratively to develop such a definition. In their words, well-being is defined as: “The presence of the highest possible quality of life in its full breadth of expression, focused on but not necessarily exclusive to: good living standards, robust health, a sustainable environment, vital communities, an educated populace, balanced time use, high levels of democratic participation, and access to and participation in leisure and culture” (CIW).

What do you think about this definition?

Is it complete enough?

What specific things would you include in such a definition?

In: Economics

a) What is the meaning of the term “middle class,” as defined by political economy? Explain...

a) What is the meaning of the term “middle class,” as defined by political economy? Explain its meaning in your own words to an audience that is not familiar with political economy.

b) What is the difference between the “old” middle class and the “new” middle class. Use contemporary examples (i.e. not those in the readings) to explain your answer.

c) Choose ONE segment of the middle class (i.e. old or new). Then discuss how EACH stage of US capitalism has affected that segment of the middle class. How have changes in the institutional setting of accumulation strengthened (or weakened) that segment of the middle class?

In: Economics

Research - Product launch failing to comply to regulations or standards - minimum 2 pages, no...

Research - Product launch failing to comply to regulations or standards - minimum 2 pages, no maximum. Brief product descriptions, company descriptions, detailed explanation of situation and which regulations were in question. why did the product fail to meet regulations? What can you learn from this? What was the outcome and did the company face fines or worse?

1000 words

In: Economics

WHY COLLEGES NEED SECURITY FOR ON-CAMPUS HOUSING AFTER COVID-19 PANDEMIC? (300-500 words)

WHY COLLEGES NEED SECURITY FOR ON-CAMPUS HOUSING AFTER COVID-19 PANDEMIC? (300-500 words)

In: Economics

Analyze the relationship between financial capital and social capital. How does one affect the other? Is...

Analyze the relationship between financial capital and social capital. How does one affect the other? Is there ever a situation in which an individual could have a lot of one, but not the other? Or are the two inextricably linked? Provide examples to support your claims.

Explain how different types of capital can affect technology access and adoption.

Be sure to use evidence/examples to support your claims.

In: Economics

4. Answer parts (a) and (b) of this question. Venture capitalists rely relatively heavily on criteria...

4. Answer parts (a) and (b) of this question. Venture capitalists rely relatively heavily on criteria relating to characteristics of the inventor (for example, whether he/she is capable of sustained effort) when deciding whether to fund a new innovation-based venture. On the other hand, internal review procedures tend to rely relatively heavily on criteria relating to characteristics of the invention (for example, whether the invention is technically feasible). (a) [25 marks] Explain the meaning of the terms “adverse selection" and “moral hazard". (b) [25marks ]Describe the main characteristics of venture capital. In what sense can venture capital be seen as a response to adverse selection and moral hazard in the market for funding new innovations?

In: Economics

Texas Government class. Given the geographic, economic, and population diversity of Texas, how does the state...

Texas Government class.

Given the geographic, economic, and population diversity of Texas, how does the state maintain the one-party dominated provincialism that dominates Texas' political culture?

In: Economics

Two alternatives for purchasing a new printing machine (from providers A and B) are being considered...

Two alternatives for purchasing a new printing machine (from providers A and B) are being considered for a production upgrade of a printing facility. Alternative A has a life of 2 years, first cost of $1200, annual reduction in maintenance cost (can be treated as revenue in this cash flow) of $650, and salvage value after 2 years of $250. Alternative B has a life of 3 years, first cost of $1650, annual reduction in maintenance cost of $790, and salvage value after 3 years of $250. MARR = 8%. Alternatives are replicable in the future. Calculate the NPW of each alternative. Show calculation steps leading to this choice and provide explanations whenever possible.

In: Economics

PROMPT:  The article contains a passage which says:  David Jacob, who joined S&P in 2008 to head its...

PROMPT:  The article contains a passage which says:  David Jacob, who joined S&P in 2008 to head its structured-finance sector, says he ran monthly reports explaining to his boss why S&P wasn’t selected to rate deals. The answer was almost always that its criteria were tougher than another’s.   “Little by little it weakens,” says Mr. Jacob, who lost his job in a reorganization in 2012 and is retired. “If you have the tightest criteria, who’s going to use you?…The incentives are wrong. They stayed wrong.”

Comment on the market for bond ratings, including who should pay the rating agency that does the work to rate the bonds

In: Economics

Two mutually exclusive alternatives are bring considered: A and B. Both alternatives cost $1,200 at the...

Two mutually exclusive alternatives are bring considered: A and B. Both alternatives cost $1,200 at the present. However, the pattern of revenue from them is different. Alternative A has the potential to bring more revenues later in the project life. The expected revenues of alternative A are: $350, $500, and $850 by the ends of years one to three, respectively. Alternative B promises more immediate cash inflow which is expected to diminish with time: $750, $300, and $100 by the ends of years one to three, respectively. Use MARR=8%.

a) Calculate the Internal Rate of Return of each alternative.

b) Which alternatives are feasible?

c) Calculate the Net Present Worth of each alternative and compare them.

In: Economics

Two mutually exclusive alternatives are bring considered: A and B. Both alternatives cost $1,200 at the...

Two mutually exclusive alternatives are bring considered: A and B. Both alternatives cost $1,200 at the present. However, the pattern of revenue from them is different. Alternative A has the potential to bring more revenues later in the project life. The expected revenues of alternative A are: $350, $500, and $850 by the ends of years one to three, respectively. Alternative B promises more immediate cash inflow which is expected to diminish with time: $750, $300, and $100 by the ends of years one to three, respectively. Use MARR=8%.

a) Calculate the Internal Rate of Return of each alternative.

b) Which alternatives are feasible?

c) Calculate the Net Present Worth of each alternative and compare them.

In: Economics

Two alternatives for purchasing a new printing machine (from providers A and B) are being considered...

Two alternatives for purchasing a new printing machine (from providers A and B) are being considered for a production upgrade of a printing facility. Alternative A has a life of 2 years, first cost of $1200, annual reduction in maintenance cost (can be treated as revenue in this cash flow) of $650, and salvage value after 2 years of $250. Alternative B has a life of 3 years, first cost of $1650, annual reduction in maintenance cost of $790, and salvage value after 3 years of $250. MARR = 8%. Alternatives are replicable in the future. Calculate the NPW of each alternative. Show calculation steps leading to this choice and provide explanations whenever possible.

In: Economics

RATES of GROWTH (25 Marks) Year Nominal GDP (Billions) Gdp Deflator Population CPI Medium Family Income...

RATES of GROWTH

Year

Nominal GDP (Billions)

Gdp Deflator

Population

CPI

Medium Family Income

2017

2,102.57

115.006

36.514

130.658

84,950

2016

2,018.68

112.53

36.188

128.247

82,110

2015

1,985.65

112.295

35.825

126.542

80,940

2014

1,973.04

112.893

35.497

125.158

78,570

2013

1,892.19

110.944

35.102

122.8

76,550

2012

1,822.81

109.247

34.699

121.675

74,540

2011

1,769.92

107.929

34.303

119.842

72,240

2010

1,662.13

104.539

33.959

116.475

69,860

2009

1,567.37

101.619

33.581

114.45

68,410

2008

1,652.92

104.005

33.199

114.108

68,860

2007

1,573.53

100

32.848

111.45

66,550

2006

1,492.21

96.788

32.529

109.125

63,600

2005

1,417.03

94.323

32.203

106.967

60,600

  1. Calculate and state the following for the years shown for the Canadian economy: the rates of growth (% per year) of
  1. nominal GDP;        
  2. real GDP;        
  3. real GDP per capita.
  4. Real Medium family income

(Provide the raw data for all the years and show your work at least once for each category.)

  1. Plot all your results calculated in ( 1 ) above on one graph. Must use graph paper and utilize the entire page. (Use a time series graph.)

Please answer according to Canadian education standards.

In: Economics

what is the valie of wealth of nation? what is value of book wealth of nation?

what is the valie of wealth of nation?

what is value of book wealth of nation?

In: Economics