Using the UK as an example, explain how a country that is running a deficit in its current account must ‘finance’ this deficit by borrowing from foreigners.

When a product is in the introduction stage of the product life cycle, Group of answer choices promotion is likely to be more focused on reminder messages,  

profits can be negative for a while.

it is easy to forecast demand.

industry profits are at their highes

Mariah recently bought Voice Over Internet protocol (VOIP) phone service (phone service delivered over the Internet). A few of Mariah's friends bought VOIP before she did, but many other friends were interested in Mariah's opinions of the new phone service. Mariah is most likely a(n) __________ in this product category.

Group of answer choices

early adopter

late majority

laggard

innovator

When introducing new kinds of food, ___________ is especially important in the diffusion process of a new product, so free samples might be a good promotion strategy.

Group of answer choices

compatibility

complexity

trialability

relative disadvantage

Some marketers show their new products being used because __________ helps with the rapid diffusion of new products.

Group of answer choices

Compatibility

Observability

Complexity

Relative advantage

Suppose the market for toilet paper is perfectly competitive. The long run equilibrium is characterized by the price being $2 per roll with 20 firms making toilet paper, each selling 5 million rolls per week for a total of 100 million rolls being sold each week. A pandemic then breaks out, where people are afraid that the world will run out of toilet paper.

a) what happens in the short run to:

-1) The price of a roll of toilet paper?

-2) The number of firms making toilet paper?

-3) The amount of toilet paper made each week by each firm?

-4) weekly firms profits?

b) What happens in the long run in terms of (1-4) above, and what is the mechanism that brings about that change, assuming demand remains permanently elevated as people in the future are constantly worried that another pandemic will occur?

c) Graph the original long run equilibrium, the short run equilibrium, and the return to a long run equilibrium on two graphs, one for the market and one for the individual firm.

Products that are distributed in as many places as possible are most likely:

Group of answer choices

convenience offerings

shopping offerings

specialty offerings

expensive offerings

2.

If a service business is stuggling to reduce the delivery gap, two good strategies are empowering employees and __________.

Group of answer choices

variability analysis

path analysis

using technology

zone of tolerance analysis

public relations

3.

A popular department store wants customers to think they are getting a good deal. They set an artificially high "regular price" to make the "sale price" appear low. They are unethically attempting to influence consumers' __________ perceptions.

Group of answer choices

leader price

fixed price

cost-based price

reference price

4.

When a company introduces a new product, they want to first target innovators and early adopters because they tend to be:

Group of answer choices

scattered across all demographics.

outside their target market.

opinion leaders.

fond of prototypes.

alpha testing enthusiasts.

5.

Chevrolet (a brand known for cars and trucks) might decide to start making Chevrolet ventilators as a new product line. This would be considered:

Group of answer choices

a brand extension

a line extension

a depth addition

a no-risk strategy

1. Charlie has a utility function U(A, B) = A3B. The price of apples is $5, and the price of bananas is $1. If Charlie’s income is $200, how many units of bananas would he consume if he chose the bundle that maximizes his utility subject to his budget constraint?

_____________________________________________

2. Charlie has a utility function U(A, B) = A3B. The price of apples is $5, and the price of bananas is $1. If Charlie’s income is $200, how many units of apples would he consume if he chose the bundle that maximizes his utility subject to his budget constraint?

How can cultural differences shape the perception about gentrification?

How do free competitive markets maximize social welfare? In addition, what are market failures and how do they affect social welfare?

Why was the play adaptation of Uncle Tom's Cabin more accessible than the novel?

pls Answer Question ASAP.

Short answer questions: (write no more than a paragraph for each question)

1. (5 points) Tell me a story from your personal experience where you were involved in a
situation that could be described as a prisoner’s dilemma game. (I am certain that you
were in that type of situation at least once.) First briefly describe the situation and then
explain how the incentives could be interpreted as a prisoner’s dilemma game. Discuss a
potential difficulty in identifying a real-life situation as a prisoner’s dilemma game.

2. (5 points) Can the iterative elimination of dominated strategies (IEDS) procedure
eliminate Nash equilibrium strategy? Explain why yes or why no.

3. (5 points) In the Matching pennies game there is a Nash equilibrium in which both
players play “Heads” and “Tails” with probability ½. Would it still be an equilibrium if say
the row player switched to playing “Heads” with probability 1/3? Explain

Are cigarettes relatively demand elastic or demand inelastic? Explain using the determinants of price elasticity of demand. Does the burden of cigarette taxes fall more heavily on buyers or sellers? Explain. Do you think that higher cigarette taxes will deter more people from smoking? (200 WORDS)

Describe the external debt in Trinidad and Tobago.

3. Clark Marketing Services has found, through market tests, that the demand for Sonya’s Peanuts has a price elasticity of demand of 0.5 and an income elasticity of 1.8. You, an economist employed by Sonya’s peanuts, have been asked by your employers to explain what this means for its pricing policy and choice of sales outlets. Company executives have been thinking of lowering the firm’s prices and concentrating on selling to discount stores. What do you advise they do? Explain in a paragraph.

2. a. Using the concept of price elasticity of demand, explain the conditions under which it would be rational for pharmaceutical companies to reduce the supply of drugs. Explain carefully. (10 points)

b. Under the conditions you have identified, what do you think the appropriate response of the government should be? Explain your answer.

Yp(Potential Output) = 10L^½ K^½; W = 10 + 1Ls; W = 60 – 1Ld( W = nominal wage rate) ; Total demand for goods and services1 (planned consumption + gross investment + planned government purchases + net exports) = 1600 – 10P ; short-run aggregate supply: Y = -400 + 10P; C = 60 + 0.9[Y – Tx] – 1P; Net Exports = 0; Government purchases = 50; Last year’s capital stock = 100; gross investment = 50; Net investment = 44; retained earnings = 10; average values for Ufrictional = 5%; Ustructural = 13%; Ucycled = 2%; Tax = 0 always.

5. The economy is initially in long run equilibrium.

What is the price level? __________

6. What is the unemployment rate in #5? _________

7. What is the value for consumption in #5? _______

8. Then government purchases increase and the AD1

curve becomes AD2 = 1800 – 10P. What is the

unemployment rate when the economy moves to its

new short run equilibrium? __________

9. What is the new value for G? ______________

10. Eventually, wages and prices rise and the economy returns to its long run equilibrium. What will

be the value for the nominal wage rate in this new long run equilibrium? __________

11. What is the value for total business saving in this economy? __________

Were the United States' atomic bombings of Hiroshima and Nagasaki justified? Explain why or why not, and consider whether the atomic bombs were necessary to end the war.