In: Economics
Government class: current responses by state & federal governments to manage the twin viral and economic threats we are facing about COVID-19.
In: Economics
what is the impact of The United States history on its politics.
In: Economics
Consider two countries, the United States (U.S.) and Japan. In the U.S., there are two firms, Pikes Peak Steel (PPS) and General Motors (GM), both owned by U.S. citizens. In Japan, there is one firm, Toyota, owned by Japanese citizens. All of the employees of PPS and GM are U.S. citizens and all of the employees of Toyota are Japanese citizens. In a given year, PPS produces $6000 worth of steel and pays wages of $1500. It sells $2000 worth of steel to GM and $4000 worth of steel to Toyota. GM buys $2000 worth of steel from PPS and pays wages of $4000. GM produces $8000 worth of cars during the year; it sells $5500 worth of cars to consumers in the U.S., $1500 worth of cars to the U.S. government, and $1000 worth of cars to consumers in Japan. Toyota buys $4000 worth of steel from PPS and pays wages of $2500. Toyota produces $9500 worth of cars during the year; it sells $5000 worth of cars to consumers in the U.S., $1000 worth of cars to the Japanese government, and $3500 worth of cars to consumers in Japan. For the U.S. and Japan, calculate the following (please show your work) a. Gross domestic product (GDP) using the income and expenditure approaches
In: Economics
explain the political economy of Britain and its evolution over time.
In: Economics
Consider a society consisting of just a farmer and a tailor. The farmer has 30 units of food but no clothing. The tailor has 60 units of clothing but no food. Suppose each has the utility function U=F^1/3C^2/3 . If the price of clothing is always $1, and the food price is currently $1, then we can conclude
Question 10 options:
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the market is at a competitive equilibrium. |
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the price of food will drop towards a competitive equilibrium. |
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the price of food will increase towards a competitive equilibrium. |
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None of the above. |
In: Economics
Find the amount applied to principle for the third month of a 4-year loan of $11,600 which charges 4.5 percent compounded monthly with monthly payments.
The amount applied to principle for the third month is
$
(Round to the nearest cent.)
In: Economics
If the Fed sells $3 million of bonds to the First National Bank,
what happens to reserves and the monetary base? What will be the
overall effect on the money supply? Using T-accounts show at least
three steps in the deposit creation process.
Assume that the required reserve ratio on checkable deposits is
10%, banks do not hold any excess reserves, and the public’s
holdings of currency do not change.
In: Economics
300-400 words
1. Explain Default Partnership Rules under Partnership Act.
2. Explain in detail Articles of Incorporation.
In: Economics
In: Economics
In some cities, Uber has a monopoly on ride-sharing services. In one of these cities, the demand curve on weekdays is given by P = 50 - Q. However, during weekend nights, or surge hours, the demand for rides increases dramatically and the new demand curve is P = 100 - Q. Assume that the marginal cost and the total fixed cost are both zero.
1. Determine the profit maximizing price during weekdays and during surge hours.
2. Determine the profit maximizing price during weekdays and during surge hours if MC = 10 instead of zero.
3. Draw a graph showing the demand, marginal revenue, and marginal cost curves during surge hours from part (2), indicating the profit maximizing price and quantity. Determine Uber’s profit and the DWL during surge hours, and show them on a graph.
ANSWER ALL PARTS THANKS
In: Economics
What might a better model to predict fertility look like, if you could get data on any additional variables at the country level? Be sure to explain the THEORY behind including these new variables in your analysis.
Subject Econometrics
In: Economics
Please just answer the question e.
Please solve a-e questions
Consider an economy with two sectors: manufacturing and services. Demand for labor in manufacturing and services are described by these equations:
Lm = 200 - 6Wm
Ls = 100 - 4Ws
where L is labor (in number of workers), W is the wage (in dollars), and the subscripts denote the sectors. The economy has 150 workers who are willing and able to work in either sector.
a. If workers are free to move between sectors, what relationship will there be between Wm and Ws?
b. Suppose that the condition in part (a) holds and wages adjust to equilibrate labor supply and labor demand. Calculate the wage and employment in each sector.
c. Suppose a union establishes itself in manufacturing and pushes the manufacturing wage to $20. Calculate employment in manufacturing.
d. In the aftermath of the unionization of manufacturing, all workers who cannot get the highly paid union jobs move to the service sector. Calculate the wage and employment in services.
e. Now suppose that workers have a reservation wage of $10—that is, rather than taking a job at a wage below $10, they would rather wait for a $20 union job to open up. Calculate the wage and employment in each sector. What is the economy’s unemployment rate?
In: Economics
Explain what would instantly occur to Natural Real GDP given productivity rose by 1%. Then what would happen to the output ratio as a result? Why? What would we expect to happen to inflation given this effect on the output ratio. Please include explanations. Thank you.
In: Economics
Which of the following statements is true?
Employers are not concerned with determining a potential employee's productivity because they know that with experience the employee's output will increase.
Employers are not concerned with determining a potential employee's productivity because they realize that they cannot accurately determine it beforehand.
Employers are not concerned with determining a potential employee's productivity because they know that they can train the employee after he's hired.
Employers are concerned with determining a potential employee's productivity due to the high costs of training new employees.
a, b, and c
In: Economics