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.

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.

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 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?

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?

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.

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?

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.

Explain with illustrations the impact of demand shocks on the real GDP and the price level?

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.

​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.

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)

1.A monopolist has a constant MC = 40 per unit produced, has no fixed costs and faces a demand curve of q = 200 – 2P. If the monopolist sells at a single price, which statement is true about the monopolist’s profit-maximising quantity and price? Group of answer choices

q = 120, P = 40 q = 40, P = 80 q = 60, P = 70 q = 40, P = 60 None of the other answers is correct

2

If a firm is currently producing in the elastic part of the demand curve. The firm:

Group of answer choices

A.cannot increase its total revenue further because it is already maximized

B.None of the other answers is correct.

C.can increase its total revenue by shutting down

D.can decrease its total revenue by decreasing the price

E.can decrease its total revenue by increasing the price

What does the CPSP (Centralized Private Sector Planning )thesis say about the difference between the modern industrial economy and Adam Smith's economy? (That is Smith's Laissez Faire Capitalist vision)

Suppose a central bank that has an inflation targeting mandate.

a. Explain why such a mandate might lead to monetary policy becoming a stabilizing policy regarding real GDP. [Hint: Use an AD-AS diagram.]

b. Given the long and variable lags involved in the full effects of monetary policy being felt throughout the economy, is there any danger that the inflation mandate might turn out to be destabilizing (leading to wider swings in GDP)? Explain.