Explain the following situations by applying the concept of opportunity cost.

a) More people choose to get graduate degrees when the job market is poor.

b) More people choose to do their own home repairs when the economy is slow and hourly wages are down.

c) There are more parks in suburban than in urban areas.

d) Convenience stores, which have higher prices than supermarkets, cater to busy people.

e) Fewer students enroll in classes that meet before 10:00 am.

Suppose there are two countries that have the same nominal GDP. Do they have the same standard of living? Why or why not?

Scenario 2: Suppose there are two countries and nominal GDP in one country is twice as large as the other country. Do they have the same standard of living? Why or why not?

After summarizing utilitarian theory (in a minimum of 100 words), answer the following questions in three to five sentences each: What are the strengths and weaknesses of utilitarianism in relation to business ethics? How would Friedman respond? How would Freeman? How would a utilitarian respond to this week's case study (Nestle and Advertising)?

Assume that banks do not hold excess reserves and that households do not hold currency, so the only form of money is demand deposits. To simplify the analysis, suppose the banking system has total reserves of $500. Determine the money multiplier and the money supply for each reserve requirement listed in the following table.

A lower reserve requirement is associated with a   money supply.

Suppose the Federal Reserve wants to increase the money supply by $200. Again, you can assume that banks do not hold excess reserves and that households do not hold currency. If the reserve requirement is 10%, the Fed will use open-market operations to   

worth of U.S. government bonds.

Now, suppose that, rather than immediately lending out all excess reserves, banks begin holding some excess reserves due to uncertain economic conditions. Specifically, banks increase the percentage of deposits held as reserves from 10% to 25%. This increase in the reserve ratio causes the money multiplier to   to   . Under these conditions, the Fed would need to   

worth of U.S. government bonds in order to increase the money supply by $200.

Which of the following statements help to explain why, in the real world, the Fed cannot precisely control the money supply? Check all that apply.

The Fed cannot control the amount of money that households choose to hold as currency.

The Fed cannot prevent banks from lending out required reserves.

The Fed cannot control whether and to what extent banks hold excess reserves.

A firm’s production function be given by y = x1 + x2 with w1 and w2 being the price of inputs 1 and 2 respectively.

(a) Derive the conditional factor demands.

(b) Suppose w1 = 2 and w2 = 1. Find the long-run cost function for this firm. Derive and graph the firm’s long-run supply curve.

(c) Suppose the price of x2, w2, increases to $2 per unit. What is the long-run cost curve? Derive and graph the new supply curve.

We are discusses the many aspects of the role of the government in our economy. The last few months have shown that the government can have a tremendous impact on our economy. Just think of those stimulus checks, or the extended unemployment benefits some people have received. On the other hand, did the government do enough during the Covid 19 pandemic--or did they not do enough? Since this year is a presidential election year, and you are, or should be, a registered voter, it is important for you to determine your stance on government involvement in our economy and our world." Does our government do enough, or too much? Are you willing to pay more in taxes for more benefits? What is your personal equilibrium point for your comfort level? What do you foresee our government and our economy looking like in the next four years?

Development Strategies: What are the primary benefits and drawbacks of import-substituting industrialization, international commodity cartels, and international commodity agreements for developing countries? Are official financial flows (e.g. aid, IMF loans) or private flows (e.g. foreign investment and bank loans) more beneficial for developing countries? Should either be encouraged by the international community?

1.

Describe the debates over slavery in the 1850s that divided the nation and led to onset of the U.S. Civil War. Be sure to examine the key political, social, and cultural developments regarding slavery in this decade.

2.

Explain how the various reform movements of the antebellum reform period offered pathways for change for individuals, groups, and society. Be sure to cite specific reform movements, the problems they identified, and their respective programs for change.

Economics verses civics

The World Bank supported a project in Cairo to build a highway to rural agricultural communities so that they would be able to sell their produce in the city. The smog from the highway is deleterious to the sphinx, resulting in protests. What are the issues – would you support the highway’s construction ?

Swot analysis of hamilton beach' food processor

Econometrics Question

The ordered multinominal logit model (OLM) is also referred to as the proportional odds model, explain the underlying assumption. How would you test this assumption?

- explain the antiglobalization concept.

-What are some economical arguments made by the anti globalization movement?

In the region of South Texas name and explain the challenges that are faced.