Summarize the rules of thumb that are likely to be followed today in enforcing the parts of the

U.S. Antitrust Laws related to

          a) price fixing, output limiting or market share fixing.

          b) corporate mergers.

          c) predatory pricing

          d) refusals to deal

Using well labeled, self drawn diagrams and words that clearly refer to and explain these diagrams, describe how the net benefits from proposed regulations to reduce the sale of unsafe or defective products or to reduce the incidence of fraud perpetrated on consumers or on investors can be determined

PROMPT:  The article indicates that in the year 2016 the number of households earning less than the Federal Poverty Line ($24, 300 for a family of four or $11,880 for a single adult) represented 10.5% of the population of New Jersey, but that the number of households earning more than the Federal Poverty Line but not enough to afford basic necessities ($74,748 for a family of four or $26,640 for a single adult) represented 28.0% of the population of New Jersey. The households that have incomes above the Federal Poverty Line but are unable to afford basic necessities are called ALICE (Asset Limited, Income Constrained, Employed).

Comment on the disparity between the Federal Poverty Line and the ALICE level.

The households in the ALICE category have one or more adults working to earn an income. What role should the individual, government and other members of society play in addressing the shortfall between the household income and the amount needed to afford basic necessities?

Does the Household Survival Budget detailed in the report seem reasonable to you? Are there other categories of expense that should have been included?

Use the 4-Step Approach to analyze the effects on the house market of the following conditions: Prices for houses are expected to drop this coming winter.

Create your own demand curve for a product you buy on a regular basis.

Clearly label your graph and include a demand schedule.

a) Explain how the Breon Woods System worked and how it differed from the Gold Standard.

b) Explain how it collapsed.

Consider the Global Financial Crisis of 2008, Explain why quantitative easing to stabilize the US economy was considered a moral hazard (i.e.,
why will QE paid in 2008 will cause future banks to behave badly)?

a) There are two economies, Flexiland and Fixland. These economies are identical in
every way except that in Flexiland, real wages are flexible and maintain equality between
the quantities of labor demanded and supplied. In Fixland money wages are sticky but
wages are set so that, on the average, the quantity of labor demanded equals the quantity
supplied. (4)
i) Explain which economy has the higher average unemployment rate.
ii) Explain which economy has the largest fluctuations in unemployment.

Please expert I am requesting you explain well.

2. Write a sentence or two (in your own words) explaining the following concepts:

a. Asymmetric information

b.Principal-agent problem

c.The tragedy of the commons

d.Bounded rationality

c.Evolutionary stability

Please give a 300-400 word response

In the short run, neoclassical economics assumes diminishing marginal products. Explain what this means. What is the significance of this assumption (i.e. what does it do, what is its function in the analysis)? In the long run the assumption of diminishing marginal products does not hold. Why not? What assumption replaces diminishing marginal products? What do these assumptions indicate about the political aims of neoclassical economics?

Please give a 300-400 word response!!

Discuss Marx’s critique of the labor process. Where do profits come from? What are the impacts of the capitalist organization of production on workers and jobs? Historically, how have workers reacted against capitalist control of the labor process? What tactics and strategies have workers relied on to achieve their goals? What is the IWW? What did the IWW want? What happened to the IWW? In your answer make sure to address the concepts of exploitation and alienation.

Here is where you may post up your answer to the question on rent controls.

Here is the question:

Why might renters want the government to subsidize housing instead of putting in a rent ceiling? Please explain in one paragraph (50-100 words) and you can use a graph in your explanation.

1. Some economists argue suddenly reducing money supply growth is a costly way to reduce inflation and that it may not work. For example, if a government cuts money growth but makes no real fiscal reforms, people will expect the government will eventually need to expand the money supply to pay for its expenditures. Thus, the promise to fight inflation will not be credible. Explain why credibility is important to a reduction in the inflation rate.

2. Use the sticky-wage theory of aggregate demand to explain the short-run Phillips curve.

3. Carefully explain how monetary policy can be used to counter a recession. Explain what the central bank does as well as HOW its actions affect the economy.

4. Suppose that a country has an inflation rate of about 3 percent per year and a real GDP growth rate of about 3 percent per year. How large of a deficit can the government run (as a percentage of GDP) without raising the debt- to-income ratio?

5. List and EXPLAIN two costs of inflation.

6. Explain how tax cuts can increase aggregate supply.