Imports increase the domestic supply and lead to lower prices for consumers. Exports reduce the domestic supply and push price upward. The net effect of international trade is an expansion in total output and higher income levels for both trading partners (law of comparative advantages). "The United States is suffering from an excess of imports. Cheap foreign products are driving American firms out of business and leaving the U.S. economy in shambles." Evaluate this view. Review absolute and comparative advantages. Personal private property protection allows for greater entrepreneurial ventures, and thus an expanding economy and job growth; can import tariffs and quotas reduce the benefits of trade? Review the mechanics of import tariffs and quotas and world price

1. Consider the following equations that describe a closed economy with no government. Assume consumption is represented by the following: C = 200 + 0.9Y. Also assume that planned investment (I) equals 300.
   1. Obtain the saving function for this economy. What are the marginal propensity to save (MPS) and marginal propensity to consume (MPC)?
   2. Write the equation for the planned aggregate expenditure.
   3. Find the equilibrium level of output and calculate the level of consumption and saving that occurs at the equilibrium level of income.
   4. Explain the saving-investment approach to equilibrium. Recalculate the equilibrium level of output of the economy by saving-investment approach.
   5. Calculate the multiplier for this economy. Verbally explain the meaning of the calculated multiplier figure.
   6. Now, suppose the level of income is equal to 4000. What is the level of planned aggregate expenditures at this level of income? What is the value of any unplanned changes in inventories?
   7. Assume that investment increases by 25%. Using multiplier calculate the new equilibrium.

Three Cournot competitors produce in a market with indirect demand

P (Q) = 15- Q

The marginal cost for all firms is constant and equals 3.
a). What are the Cournot equilibrium quantities, price, and firm profits?
b) Two of the three firms want to merge. Calculate the new equilibrium quantities, price, and firm profits if
the post-merger market structure is the asymmetric duopoly.
c). Compare the merged firms’ pre- and post-merger profits. Is this merger good for the merging firms? for
consumers? for the outside firm?

Suppose a government has been running large government deficits. In order to address these deficits, the government has decided to decrease its spending (G) and raise taxes (T). Using the complete Keynesian model, explain in as much detail as possible what will likely happen to the economy (including GDP, the interest rate, investment spending, any multiplier effects). Finally, under what conditions would GDP be less affected (e.g., high or low mpc, steep or flat money demand, steep or flat investment schedule)?

1. Is there any economic merit in understanding how the EU works and its legacy? Discuss

2. Measure how the EU has attained its goals and values since 60 + years of its inception.

3. Bureaucracies, such as the EU always take time to reform. With an understanding of some of the key institutions, state and justify which branch you believe should be reformed urgently and propose options as to what best remedies should be put in place.

4. What arguments would you put forward to an EU official to counterbalance an enthusiastic official from an independent emerging economic nation stating, “…We shall always be a small minority in the world, but, when a small nation accomplishes something with its limited means, what it achieves has an immense and exceptional value,…”(Quotation by Tomas Garrigue Masaryk 1850 – 1937, chief founder and first president of Czechoslovakia)?

1. Give a brief explanation of the economic impact of tourism. Name two organizations that influence or further the economic impact of tourism.

2. Discuss the positive and negative impacts that tourism can have on a country in relation to tourism pollution and ecotourism.

3. Describe the origin of government-sponsored recreation in consideration of the origin and purpose of national parks. Have national parks outlived their purpose?

4. Explain the concept of recreation for special populations.

Two systems of monetary policy implementation are the "floor" system and the "symmetric corridor" or "symmetric channel" system.

In which system would you expect to see central bank staff (such as the "Desk" at the Fed) engage more frequently in open-market operations, or would the frequency of open-market operations be the same under the two systems?

everal solutions to the looming bankruptcy of the Social Security trust fund have been proposed. Critically discuss each the following proposed reforms of the U. S. social security system in terms of long-term program viability, and in terms of who gains and who loses.

a. Eliminate the maximum payroll tax cutoff (currently at $128,400) and extend this tax to all earnings from work.

b. Raise the minimum retirement age from 62 to 64 while keeping the benefits from early and full retirement ages actuarially neutral.

c. Phase out social security benefits to those earning more than $80,000 a year from other    sources.

d. Replace Social Security with mandated private savings accounts.

Interpret or write a review about the article below using your own words. It is for presentation, the script should be for a 10-minute speech.

195,000 jobs vanish: Pandemic starts to suffocate job market

The COVID-19 pandemic's impact on the domestic job market has come to the fore.
Data from Statistics Korea showed Friday that the number of employed people stood at 26.6
million in March, down 195,000 from the same month a year earlier
This was the first year-on-year decline since January 2010 and the sharpest decrease since May
2009, when the world was suffering difficulties from the Global Financial Crisis.
The number of temporary layoffs ― categorized as employed in the statistics ― hit a record-high
of 1.6 million in March, up 1.26 million from a year earlier, as domestic air carriers, travel
agencies and duty-free shops have imposed out massive unpaid leave during the pandemic.
Although temporarily laid-off workers tend to return to their workplaces, they could become
unemployed or economically inactive if the situation worsens.
The statistics agency said the number of economically inactive people reached 16.9 million in
March, a 516,000 year-on-year increase.
Among them, the number of people who gave up on getting jobs was 582,000, up 44,000.
The number of those who had no plan to look for jobs ― regarded as de facto jobless ― also
reached a record-high of 2.36 million, a 366,000 increase from the previous year.
According to the Ministry of Economy and Finance, the decline in the number of employed
people was especially significant in the services industry which lost 294,000 jobs ― the steepest
since September 1998, when Korea was hit by the Asian Financial Crisis.
"Affected by the falling number of foreign tourists and social distancing, the number of people
employed in lodgings, restaurants, and wholesale and retail businesses dropped sharply," the
finance ministry said in a press release.
"The delayed school opening and cram school shutdowns sharpened the decrease in the number
of employees in the educational services sector."
The number of those employed in the manufacturing industry also dropped after a temporary
increase in January and February.
The construction sector has continued a downward trend because of falling housing demand.
By status, the numbers of temporary and daily workers diminished by 420,000 and 173,000,
respectively.
The number of self-employed who hired staff declined by 195,000, while the number of those
who did not hire staff jumped by 124,000.
Although the number of the unemployed dropped 17,000 year-on-year to 1.18 million in March,
the finance ministry attributed this to the slow labor supply caused by the postponement of
recruitment amid growing concerns over the pandemic.

Considering the increasing corporate bankruptcies here and the global labor market collapse, the
job crisis is expected to worsen.
Supreme Court data submitted to Rep. Chae Yi-bai of the minor opposition Party for People's
Livelihoods showed 101 corporations nationwide applied for bankruptcy in March, up 53 percent
from a year earlier.
Meanwhile, in the United States, 22 million people have filed jobless claims over the past four
weeks, according to the country's Department of Labor.
Against this backdrop, economic experts called for additional government measures to cushion
the coronavirus impact on the job market.
"If the government refuses to give enough financial support to liquidity-crunched businesses,
temporarily laid-off workers will eventually lose their jobs permanently, having a negative impact
on the entire economy," Yonsei University economics professor Sung Tae-Yoon said.
In response, Deputy Prime Minister and Finance Minister Hong Nam-ki said the government will
announce measures to stabilize the job market early next week.

Topic: A comparative study of head teachers transformational and transactional leadership behaviours in relation to teachers' commitment to students in public and private schools at secondary level in any district .

Can you write the intorduction and problem statement over this topic of master thesis? with aims and goals related to research of this topic

QUE // In a lengthy paper, discuss the role of fiscal and monetary policies in Brazil economy .

1. Make a list of what the Federal Reserve (Fed) has done in response to the COVID-19 crisis using 31 March 2020 as the cut-off date. [Please do not include fiscal responses in your list]

What are the ways to identify entrepreneurial opportunities? once opportunities are identified how do you screen them? what criteria are used in opportunity analysis? (10)

Draw indifference curves with equation (x + 2) (y + 1) = a, where the values a = 6, 8, and 10