Explain the two main forms of stated-preference non-market valuation. Discuss when and why you might choose to use one of them over the other.

Question Briefly explain why education confers positive externality. Depict the market for education where social benefit exceeds private benefit. Explicitly show the equilibrium and socially optimal quantities.

Define and discuss the IPAT relationship (I = P x A x T) as an indicator of humanity’s environmental impact on the planet. Include in your answer some key issues concerning each of the right-hand variables (P, A and T), and the complexities they present for an IPAT assessment.

It is 2020. The US government has passed a new federal minimum wage of $11.00/ hour. It will go into effect on January 1, 2021. Please follow the instructions, given the background information in items A, B, C, and D below.

Instructions

1. Calculate the immediate financial impact in 2021 (change in hourly wages) on the profitability of the company due to the impending increase in the minimum wage. Ignore tax issues such as employment tax in your calculation.

2. Identify at least three (3) courses of action (options) for the owner of this company that will offset the increase in labor costs from #1 above. Explain why you think these options are viable options for the small company. Your course of action must quickly offset the effect of the increase in wages and the decrease in profitability of the company due to the minimum wage increase.

3. Lastly, recommend the one course of action from among your list of three courses of action that you think is the best option for the small business owner and his or her company. Justify your response.

Background Information

A- The company has 19 employees, which includes two assistant managers. The owner is the only shareholder of the company.

B. 6 employees earn $8.00/ hour which is slightly above the current federal minimum wage, but $3/ per hour below the new federal minimum wage.

C. The other employees earn the following:

ii. 6 earn $13/ hour

iii. 3 earn $18/ hour

iv. 2 earn $22/ hour

v. The 2 managers each earn $50,000 per year

See Table 1 on the next page.

D. The company earned a profit last year of $100,000 based on sales of $1,500,000 that was passed through to the owner as the owner’s only source of income.   This year sales are on track to be approximately $1,500,000 again due to industry conditions. The owner’s family just bought a new house for their growing family and has a mortgage of $141,000 with monthly payments of $1,008 per month.

E. The owner’s spouse does not work and the family cannot justify the spouse getting a job of any kind because the wages from a new job would not cover the weekly cost of day care and after school care for the family’s three young children, ages 2, 5, and 7.

Table 1. Summary of Current Costs of Payroll

What makes a firm truly 'global' in its outlook?

summarize, and display your grasp of the economic ideas that are present and your recognition of any obvious disagreements between materials. Your paper should be grammatically correct, and it should display evidence that you completed the reading and understood the material.

An Interbrand study estimated that the Apple brand was worth almost $200 billion. This value is best described as:

Group of answer choices

Market Capitalization

Brand solvency

Brand positioning

Brand equity

Which of the following is most likely to fall under the classification as illegal price discrimination?

Group of answer choices

A distributor charges a higher price to one retailer than to a similar retailer, and there is no justifiable difference in the costs of selling to each retailer.

The cinema gives a discounted price to customers over the age of 65.

Walmart in one city charges different prices than a Walmart in a different city.

All of the above are examples of illegal discrimination

A primary reason to quickly address service failures is to:

Group of answer choices

minimize the zone of tolerance.

increase empowerment zones.

avoid negative word-of-mouth from upset customers.

avoid a situational ethics conflict.

keep management from finding out what happened.

Printers can be pretty cheap, but then the replacement ink cartridges are really expensive. This willingness of consumers to pay the high price of the ink cartridges is an example of:

Group of answer choices

reference pricing

fixed pricing

cross-price elasticity

collusion

What is inflation?

2. How is inflation measured?

3. In your own words, what is demand-pull inflation?

4. In your own words, what is cost-push inflation?

5. How can excessive money in the economy cause inflation?

6. Who is especially hurt by inflation?

7. Who is hurt more by inflation, borrowers or creditors? Explain your response.

List five categories of goods and services included in the CPI.

9. What kind of goods are not included in the CPI?

1.What is the circular flow of income? What are the four key markets of the circular flow model?

2. Why is the aggregate demand curve for goods & services inversely related to the price level? What does this inverse relationship indicate?

3. What are the major factors that influence the quantity of goods & services a group of people can produce in the long run?

4. Why is the long run aggregate supply curve (LRAS) vertical? What does the vertical nature of the curve indicate?

5. Why does the short run aggregate supply (SRAS) curve slope upward to the right? What does the upward slope indicate?

6. If the prices of both (a) resources and (b) goods and services increase proportionally will business firms have a greater incentive to expand output? Why or why not?

7. If the price level in the current period is higher than what buyers and sellers anticipated, what will tend to happen to real wages and the level of employment? How will the profit margins of business firms be affected? How will the actual rate of unemployment compare with the natural rate of unemployment? Will the current rate of output be sustainable in the future?

8. Why is an unanticipated increase in the price level likely to expand output in the short run, but not in the long run?

9. if the inflation rate increases and the higher rate is sustained over an extended period of time, what will happen to the nominal interest rate? What will happen to the real interest rate?

10. “When the U.S. dollar appreciates against the Euro, fewer dollars will be required to purchase a Euro.” Is this true? If the dollar appreciates, how will this affect net exports?

11. Can output rates beyond the economy’s long run potential be achieved? Can they be sustained? Why or why not?

12. When the economy is in long-run equilibrium, which of the following will be true?

a. The actual price level will be equal to the price level anticipated by decision makers.

b. The actual unemployment rate will be equal to the natural rate of unemployment.

13. (a) What is the difference between the real interest rate and the money interest rate?

(b) Suppose that you purchased a $5,000 bond that pays 7% interest annually and matures in five years. If the inflation rate in recent years has been steady at 3% annually, what is the estimated real rate of interest? If the inflation rate during the next five years rises to 8%, what real rate of return will you earn?

14. How is a nation’s trade balance related to its net inflow of foreign capital? If the inflow of foreign capital is used to finance the federal deficit, how will the well-being of future generations be affected?

What workers today do you think are most susceptible to structural unemployment? Did this interactive deepen your understanding of structural unemployment? How might you protect yourself as a worker in the face of technological advancements?

   What is demand?

2. What is the law of demand?

3. Describe the slope of the demand curve? How does the slope reflect the law of demand?

4. List the determinants of demand, or those non-price determinants that can shift the demand curve to the right or left.

5. What is the difference between change in quantity demanded and change in demand?

6. What is supply?

7. What is the law of supply?

8. Describe the slope of the supply curve. How does the slope reflect the law of supply?

9. List the determinants of supply, or those non-price determinants that can shift the supply curve to the right or left.

10. What is the difference between change in quantity supplied and change in supply?

Do you or friends of your use the social networking site Facebook? Do you know businesses that use Facebook? How does an entrepreneur make all of our lives better? • The term IPO, or initial public offering, was also mentioned in the story. What would be a good reason to offer stock of Facebook to the public? What are the disadvantages to Facebook's CEO, Mark Zuckerberg, to offering shares of Facebook to the public?

This question is related to Government Intervention: (Quotas):  

Consider the following supply and demand curves:

Demand: P=150-3Qd-.5I-Pj

Supply : P=2Qs+.25L

Suppose income, I, is 60, the price of good j, Pj, is 0, and L, the cost of labor, is 120.

1. Using this information, solve for the equilibrium price and quantity.

Suppose now that the government introduces a price floor of 90 when income, I, is 60, the price of good j, Pj, is 0, and L, the cost of labor, is 120.

2. Would this price restriction create a surplus or shortage?

3. Find the quantity of the good demanded, the consumer surplus, and the producer surplus.

4. What percent of the total surplus is lost due to the price floor?

5. Suppose now the cost of labor is increasing, by how much would labor costs have to increase for the price floor to no longer be binding? Briefly describe why it would make sense for the constraint to no-longer be binding.

Cee Mimi is a Canadian owned women’s swimwear brand with the objective of supplying consumers with sustainable, trendy and affordable pieces. It is exporting from Singapore and imported to Indonesia. Cee Mimi aims to encourage international trade by sourcing raw fabrics and textiles internationally. Indonesia is one of Singapore’s top five trading partners, with Indonesia accounting for over $27.4 billion dollars, around 7% of Singapore's total exports (Workman, 2020).

I need you to construct one PESTLE analysis that accounts for both countries.

These are the instructions below.

Conduct a PESTLE analysis:

Consider their exchange rates inflation rate and other financial information that will affect the sales and pricing of your goods.Things to consider here: What special challenges pertain to the export markets? Consider what your competition might be in the Export country.

Question 1

Should bank capital requirements vary over the business cycle? Give reasons for your answer.

and what are the pros and cons for stakeholders (ie. bank shareholders, depositors, and the wider economy) of higher capital requirements?