Describe and discuss in the EU Gender Equality index in your country in comparison of the EU average. (EIGE Website) If your country is not represented, choose Spain or a close one, or an EU Country you may be interested in.
In: Economics
3. Open market operations versus discount loans
Consider an expansionary open market operation. Suppose the Federal Reserve buys government securities from the nonbank public.
Suppose that the sellers of government securities deposit the checks drawn on the New York Fed into their bank account. Then, ceteris paribus, bank reserves ___________ (increase / decrease / do not change) , currency in circulation ___________ (increase / decrease / do not change) , and thus the monetary base will ___________ (increase / decrease).
Suppose now that the Federal Reserve wants to increase the monetary base by increasing bank reserves only. Which of the following actions enables the Fed to achieve its goal?
A- Lend to commercial banks at the discount window
B- Buy the government securities exclusively from commercial banks
C- Buy the government securities exclusively from the non-banking public
D- Require commercial banks to repay discount loans
By lending to commercial banks through the discount window, the Federal Reserve alters ____________ ( currency in circulation / the discount rate / borrowed reserves / nonborrowed reserves / prices of government securities) and thus affects ____________ ( the monetary base / the discount rate / prices of government securities / banks’ willingness to borrow funds).
In: Economics
Discuss how the need for control over foreign operations varies with firms’ strategies and core competencies. What are the implications for the choice of entry mode?
In: Economics
A small Canadian firm that has developed some valuable new medical products using its unique biotechnology know-how is trying to decide how best to serve the European Union market. Its choices are given below. The cost of investment in manufacturing facilities will be a major one for the Canadian firm, but it is not outside its reach. If these are the firm’s only options, which one would you advise it to choose? Why?
a. Manufacture the products at home, and let foreign sales agents handle marketing.
b. Manufacture the products at home and set up a wholly owned subsidiary in Europe to handle marketing.
c. Enter into a strategic alliance with a large European pharmaceutical firm. The product would be manufactured in Europe by the 50/50 joint venture and marketed by the European firm.
In: Economics
1. What reasons have been given for trade-displaced workers to receive greater benefits than other unemployed persons? (Select all correct answers)
a. Efficiency
b. Technology
c. Equity
d. Productivity
e. Transparency
f. Political Grounds
2. Workers in import-sensitive sectors tend to be ____________ (select all correct answers) more frequently than the average displaced worker.
a. low-wage workers
b. men
c. working at the same job for more time
d. high-skilled workers
e. women
f. unable to find employment in export-related industries
3. How does trade affect the distribution of wages in an economy?
a. Imports create bad, low-wage jobs in manufacturing.
b.Workers in export industries tend to earn higher wages than workers in industries that compete against imports.
c. Imports destroy good, high-wage jobs in manufacturing.
d. A greater share of world income is going to workers (labor) rather than to owners of capital.
4. Which of the following does NOT put a limit on how much work will be offshored?
a. Higher demand for skilled workers puts upward pressure on wages
b. Quality Concerns
c. Cultural Differences
d. Deindustrialization
5. If the U.S. Dollar depreciates against the Swiss franc, a possible explanation would be
a. the inflation rate is lower in the U.S. than in Switzerland.
b.U.S. imports of products from Switzerland have decreased.
c. Swiss firms purchase more soybeans and corn from the US.
d. American investors find better opportunities in Switzerland.
In: Economics
1. Licensing proprietary technology to foreign competitors is the best way to give up a firm's competitive advantage. Discuss.
2. Discuss how the need for control over foreign operations varies with firms’ strategies and core competencies. What are the implications for the choice of entry mode?
3. A small Canadian firm that has developed some valuable new medical products using its unique biotechnology know-how is trying to decide how best to serve the European Union market. Its choices are given below. The cost of investment in manufacturing facilities will be a major one for the Canadian firm, but it is not outside its reach. If these are the firm’s only options, which one would you advise it to choose? Why?
a. Manufacture the products at home, and let foreign sales agents handle marketing.
b. Manufacture the products at home and set up a wholly owned subsidiary in Europe to handle marketing.
c. Enter into a strategic alliance with a large European pharmaceutical firm. The product would be manufactured in Europe by the 50/50 joint venture and marketed by the European firm.
In: Economics
In 2015, the European Commission proposed giving individual member states the right to ban imports of genetically modified fruits and vegetables even if those products are still permotted at the European Union level. If a member state acted to ban such imports, what would be the likely effecy of that policy on world prices and quantities? Would such a ban help deter the production of genetically modified products?
In: Economics
a) Consider an economy where private businesses/household did not have access to funds.
b) Consider an economy where private businesses/household did not have avenue to invest their surplus funds
c) What will happen to the economic activity and the economy?
In: Economics
1. (Level B) Each of n people chooses whether or not to contribute a fixed amount toward the provision of a public good. The good is provided if and only if at least k people contribute where 2 ≤ k ≤ n; if it is not provided, then the contributions are not refunded. Each person ranks the outcomes from best to worst as follows:
(i) Any outcome in which the good is provided and he/she does not contribute.
(ii) Any outcome in which the good is provided and he/she contributes.
(iii) Any outcome in which the good is not provided and he/she does not contribute.
(iv) Any outcome in which the good is not provided and he/she contributes. Answer the following questions.
(a) Formulate this situation as a strategic (normal-from) game.
(b) Find ALL pure strategy Nash equilibria of this game. Is there a Nash equilibrium in which more than k people contribute? One in which k people contribute? One in which fewer than k people contribute?
(c) Provide a definition of a Pareto optimal strategy profile. Which pure strategy equilibria of this game are Pareto optimal? Briefly explain.
In: Economics
A ) Consider an economy where private businesses/household did not have access to funds.
B) Consider an economy where private businesses/household did not have avenue to invest their surplus funds
C) What will happen to the economic activity and the economy?
In: Economics
Consumer Behaviour and Marketing Psychology
Create a 10 survey questions that designed to examine why consumers decided to purchase your chosen product (i.e LAPTOP). These questions should inquire about perception, attitudes, motivation, and cultural factors. Please note that this survey should not ask participants questions about product or service quality/attributes and customer satisfaction. In providing the list of ten questions, you must also include theories/concepts that link to each of the questions, and objective/s of the questions. USE OPEN-ENDED & CLOSED ENDED QUESTIONS.
In: Economics
Explain with illustrations the impact of demand shocks on the real GDP and the price level?
In: Economics
Write one page about for a product or service of your choice,
the price of the product or service compared to other competitor
prices (who are the top competitors, and the business or
organization that sells the product. Identify three fiscal
policies. Explain how the three fiscal policies impact supply and
demand for the chosen product or industry. What causes movement or
shifts in supply and demand for your chosen product or service?
Forecast what the price of the product will be in a year and
explain why? Are there any controversial issues surrounding the
product or service?
A general introduction to the paper including the name of the
product or service, and industry. Explain why you chose the product
or service and industry.
A detailed discussion of the specific topic you have chosen. Select
three fiscal policies and explain the impact on the product or
industry. This is the body of your essay assignment. Support and
document your findings with citations from your sources.
A concluding paragraph reflecting on the process of research and
the future of the product or service and anticipated price in the
future.
In: Economics
China's GDP growth target for the 12th Five-Year-Plan period 2011-2015 is 7 percent a year. This largely symbolic goal (China's average growth rate for the past five years was a whopping 11 percent a year) shows that the central government wants to fundamentally restructure the economy.
If China reduces its economic growth rate from 11 percent a year to 7 percent, how many additional years will it take for GDP to double?
In what year will China's GDP quadruple?
When GDP grows at 11 percent a year, GDP in China doubles in ___ years.
In: Economics
Suppose that the Statistical Institute uses information about
three goods to construct the basket to be used for construction of
Consumer Price Index (CPI). The set of prices and the set of
quantites describing the basket of goods at the year of t
respectively is the following: Pt = {Pat , Pbt , Pct } ; Qt = {Qat
, Qbt , Qct }
i) Please show the CPI for the year of t = 2 (2 years after base
year- at the base year t=0) which would contain elements belong to
sets of Pt and Qt. (Hint: The formulation should include summation
over goods for t = 0 and t=2 ).
ii)Suppose at the base year (t=0) all prices are doubled. Construct the CPI under the new setting for the year of t=2. (5 points)
iii) Suppose that a year after the base year (at t=1) all prices
are freezed, was not allowed to change. Additionally, suppose that
all price controls were lifted at the second year after the base
year (at t=2). Pta increased by %150, Pbt increased by %100 and Pct
increased by %200 at the year of t=2. Under these settings
calculate the inflation from the year of t=0 to the year of t =1
and the inflation from the year of t=1 to the year of t =2. (Please
solve (only) 1.iii) by assigning numbers to elements for the set of
Pt and for the set of Qt ) (10 points)
In: Economics