Questions
In response to the adverse effects of COVID-19, the federal government introduced some palliative measures such...

In response to the adverse effects of COVID-19, the federal government introduced some palliative measures such as Canada Emergency Response Benefit (CERB) and Canada Emergency Wage Subsidy (CEWS).

  1. Are CERB and CEWS tools of fiscal or monetary policies?
  2. Which component(s) of aggregate demand (AD) would CERB directly impact?
  3. Which component(s) of aggregate demand (AD) would CEWS directly impact?
  4. Is CERB a transfer payment? Explain
  5. On Wednesday, April 15, 2020, the federal government made some changes to CERB eligibility criteria. Information on the Canada Revenue Agency (CRA)’s website states that “The CERB is now available if you earned $1000 (before taxes) or less during an eligibility period.” Now that the eligibility criteria have been relaxed, what effect would it have on the labour supply of those who will earn $1001 (before taxes) during an eligibility period?
  6. Given that the federal government intends to phase out the CERB in September 2020, what do you think the government anticipate would happen to the unemployment rate by September 2020?
  7. For CERB to achieve the desired objective, what do you think the federal government anticipates would happen to the marginal propensity to expend (MPE)?

In: Economics

In economics, the intertemporal allocation of a scarce, depletable resource across generations is efficient, but not...

In economics, the intertemporal allocation of a scarce, depletable resource across generations is efficient, but not necessarily fair . give some example and explain.

In: Economics

What were causes, costs, resolution methods and regulatory lessons learnt from 2008 Irish Banking Crisis

What were causes, costs, resolution methods and regulatory lessons learnt from 2008 Irish Banking Crisis

In: Economics

Can we say that If a game has a unique nash equilibrium, it is also a...

Can we say that If a game has a unique nash equilibrium, it is also a dominant strategy equilibrium. How can we prove this statement? This is just a statement. we should find whether it is true or not by making proof.

In: Economics

The macroeconomy of the TELLA is represented by the following model. Goods Market Y=C+I+G+X-M C=200+0.7(T-T) T=0.2YI=100-10r...

The macroeconomy of the TELLA is represented by the following model.

Goods Market

Y=C+I+G+X-M

C=200+0.7(T-T)

T=0.2YI=100-10r

G=150

EX=200

IM=0.1Y

Money Market

Md=1000-6666r

Ms = [(C/D+1)/(C/D+R/D)]H

Where C/D=0.2; R/D=0.2 and H=200

Use this model to answer the following questions:

1) The value of the money multiplier in this model is:

A) 2.0

B) 2.5

C) 3.0

D) 3.5

E) 4.0

2) The value of the expenditure multiplier in this model is:

A)1.54

B)4.23

C)2.51

D)1.85

E) 3.50

3) The value of autonomous

expenditure in this model is:

A) Not determinable.

B) 549.4 billion $

C) 599.4 billion $

D) 649.4 billion $

E)  699.4 billion $

4) The value of GDP in this economy is:

A) 1203 billion $

B)  650 billion dollars

C) 1503 billion dollars

D) 950 billion dollars

E) 1703 billion dollars

5) The value of the export balance and the government budget balance is:

A) a trade surplus of 80 billion $ and a budget surplus of 90.6 billion $

B) a trade deficit of 80 billion $ and a budget surplus

of 90.6 billion $

C) a trade deficit of 80 billion $ and a budget deficit of 90.6 billion $

D) a trade surplus of 80 billion $ and a budget deficit of 90.6 billion $

E) It is not possible to calculate these figures from the information provided.

In: Economics

16) If the Fed makes an open market ________ of government securities, the federal funds rate...

16) If the Fed makes an open market ________ of government securities, the federal funds rate will ________ as the quantity of money ________.

A) purchase; rise; increases

B) sale; fall; increases

C) purchase; fall; decreases

D) sale; rise; decreases

17) If the Fed makes an open market ________ of government securities, the federal funds rate ________ and the immediate impact is to shift the aggregate ________ curve.

A) purchase; falls; demand

B) sale; falls; demand

C) sale; rises; supply

D) purchase; rises; supply

18) If the Fed makes an unexpected open market ________ of government securities, the aggregate ________ curve shifts rightward and ________.

A) sale; supply; the short-run Phillips curve shifts upward

B) purchase; demand; the short-run Phillips curve shifts downward

C) sale; demand; there is a movement along the short-run Phillips curve

D) purchase; demand; the long-run Phillips curve shifts rightward

19) When the Fed enacts monetary policy, in the short run it changes

A) the AD curve.

B) the SAS curve.

C) both the AD and SAS curves.

D) potential GDP.

20) If the economy is at potential GDP and the Fed makes an open market sale of government securities, in the long run the aggregate ________ curve shifts ________ and the price level ________.

A) demand; rightward; rises

B) supply; leftward; rises

C) demand; leftward; falls

D) supply; leftward; falls

please answer everything and correct thankyou

In: Economics

Given that IKEA had to change its strategy for American market, did the company had to...

Given that IKEA had to change its strategy for American market, did the company had to change itsinternationalization strategy for its entry into the Indian market?

The furniture industry is an example of an industry that did not lend itself to globalization before the 1960s. The reasons for that are its features. Furniture has a huge volume compared to its value, relatively high transport costs and is easily damaged in shipping. Government trade barriers also were unfavorable. But IKEA – company established in the 1940s in a small village in Sweden, has become one of the world’s leading retailers of home furnishings. In 2002 it was ranked 44th out of the top 100 brands by Interbrand, topping other known brands such as Pepsi. In 2002, it had more than 160 stores in 30 countries. How did IKEA achieve it? The IKEA business idea is: ‘We shall offer a wide range of well-designed, functional home furnishing products at prices so low that as many people as possible will be able to afford them.’ By the early 1960s the Swedish market was saturated and IKEA decided to expand its business formula outside Sweden. They noted: ‘Sweden is a very small country. It’s pretty logical: in a country like this, if you have a very strong and successful business, you’re bound to go international at some point. The reason is simple—you cannot grow any more’ (Retrieved from http://www.ikea.com). IKEA’s internationalization strategy in Scandinavian countries and the rest of Europe has not paid significant attention to local tastes and preferences in the different European countries. Only necessary changes were allowed, to keep costs under control and IKEA’s low responsiveness to local needs strategy seems to work well in Europe (Kling K., Gofeman I. 2003).

The first challenge came in 1985 when IKEA entered the US market and faced several problems there. The root of most of these problems was the company’s lack of attention to local needs and wants. US customers preferred large furniture kits and household items. As a result of initial poor performance in the US market, IKEA’s management realized that a standardized product strategy should be flexible enough to respond to local markets. In the early 1990s IKEA redesigned its strategy and adapted its products to the US market. Thanks to it IKEA’s sales in the US increased significant and by 2002 the US market accounted for 19% of IKEA’s revenue. As the case study illustrates, in several industries firms with effective strategy do not have to change their core strategy significantly when they move beyond their home market. IKEA does not significantly change its corporate strategy and operations to adapt to local markets unless there is a compelling reason for doing so. IKEA’s strategy in the US during the 1980s demonstrates that even the most successful formula in the home market can fail if multinational companies do not respond effectively to local business realities.

Question: Given that IKEA had to change its strategy for American market, did the company had to change its internationalization strategy for its entry into the Indian market?

In: Economics

Consider the details of GATT Articles XXXVI – XXXVIII provisions regarding developing countries, and identify the...

  1. Consider the details of GATT Articles XXXVI – XXXVIII provisions regarding developing countries, and identify the specifically important features of benefit to developing countries

In: Economics

Try to organize what we understand capital to be. Try to explain why we keep inventing...

Try to organize what we understand capital to be. Try to explain why we keep inventing new forms of capital such as human capital, social capital, and cultural capital. (maximum 1,000 words)

In: Economics

Consider the details of Articles XXXVI – XXXVIII of the GENERAL AGREEMENT ON TARIFFS AND TRADE...

Consider the details of Articles XXXVI – XXXVIII of the GENERAL AGREEMENT ON TARIFFS AND TRADE (GATT 1947) provisions regarding developing countries, and identify the specifically important features of benefit to developing countries.

The articles can be found on google

please cite APA

In: Economics

How can I match a sector like an agribusiness sector (of a country ) with the...

How can I match a sector like an agribusiness sector (of a country ) with the business cycle?

In: Economics

1. Critical literature review for 15 articles related to your research topic. 2. Determine the theory...

1. Critical literature review for 15 articles related to your research topic.

2. Determine the theory or theories that your research is based on.

3. Draft your conceptual model.

In: Economics

in this current situation (covid-19) global emergence, If you are a business person or a government...

in this current situation (covid-19) global emergence, If you are a business person or a government official, what do you need to do for the economy to start rolling after the vaccine is found?

In: Economics

Macro-Environmental Impact: • Discuss how any four of the six macro-environmental forces will impact (positively or...

Macro-Environmental Impact: • Discuss how any four of the six macro-environmental forces will impact (positively or negatively) the success of Nike shoes product after it has been (hopefully) established in the market.

• Be as specific as possible in your description of the likely impact in each instance.

In: Economics

Sales of sugar-sweetened beverages at stores in Seattle dropped about 30.5% in the months after the...

Sales of sugar-sweetened beverages at stores in Seattle dropped about 30.5% in the months after the city adopted a tax on such beverages, says a new study that also looked at sales at stores in Portland, which has no such tax.
Sales in Portland declined only 10.5%, suggesting sales in Seattle dropped much more than they would have without a tax, according to the peer-reviewed study by University of Illinois at Chicago researchers.
The study’s results are the first to measure the impact of Seattle’s tax on beverage sales in the city, and they may bolster claims by supporters that the controversial policy is working as intended.
“From a public health perspective, this is good,” said Jay Krieger, a University of Washington professor who heads the nonprofit Healthy Food America. “People are purchasing less sugary drinks, and we know that sugary drinks are associated with heart disease, diabetes, high blood pressure and strokes.”
Seattle’s tax of 1.75 cents per fluid ounce, which took effect on Jan. 1, 2018, is charged to distributors of sugar-sweetened beverages. Distributors can pass the tax on to stores, and stores to consumers. Proponents said the tax would reduce soda sales and raise money for health and education programs.

Explain, with the aid of a diagram, how a soda tax such as the one described above would impact consumers, producers and society more generally.
Comment on whether or not you support such a tax and why.

In: Economics