Outline the Constitutional rights of public employees. ?
In: Economics
script that mirrors a conversation that you might have with a family member regarding annual property taxes paid on your house/property. using these words a. Property Tax b. Percent of Appraised Value c. Mills (Millage Rate) d. Ad Valorem Tax e. Real Estate or Real Property.
Business Math
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Honolulu Airlines flies only one route: Chicago-Honolulu. The demand for each flight is Q = 500- P. HA’s cost of running each flight is $41,000 plus $100 per passenger.
1. What is the profit maximizing price that HA will charge if the market is a monopoly? How many people will be on each flight? What is HA’s profit for each flight? Will the airline stay in business?
2. HA finds out that two different types of people fly to Honolulu. Type A consists of business people with a demand of QA = 260 - 0.4P.Type B consists of students whose total demand is QB = 240 - 0.6P. Because the students are easy to spot, HA decides to charge each group different prices. Graph each of these demand curves and their horizontal sum (the market demand curve). What price does HA charge the students? What price does it charge to business customers?
3. What would HA’s profit be for each flight? Would the airline stay in business? Calculate the consumer
surplus of each group. What is the total CS?
4. Before HA started price discrimination, how much CS was the Type A getting? What about Type B? Why did total CS decline with price discrimination? In our price discrimination worksheet, the CS was higher with third degree price discrimination. Explain the discrepancy between the two results.
ANSWER ALL PARTS PLEASE
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Twin Deficits: Please explain what is meant by the Twin Deficits and include in your answers the following: The federal budget deficit, the trade deficit, the role of U.S. currency, how the trade deficit funds the budget deficit.
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Explain what Alienation Exploitation are and how they relate – what is Marx’s understanding of the labor Market within capitalism.
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What is the primary intuition in the Melitz 2003 model of heterogeneous firms from "The impact of trade on aggregate industry productivity and intra-industry reallocations", when moving from autarky to a trade equilibrium.
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| Units of Product | Marginal Utility, X (Price = $1) | Marginal Utility, Y (Price = $1) | Marginal Utility, New Product, Z (Price = $1) |
| First | 12 | 16 | 20 |
| Second | 10 | 14 | 18 |
| Third | 8 | 12 | 16 |
| Fourth | 6 | 10 | 14 |
| Fifth | 4 | 8 | 12 |
| Sixth | 2 | 6 | 10 |
| Seventh | 0 | 4 | 8 |
Refer to the data for a consumer whose income = $12. Assume new product Z is introduced. How many units of Z will this consumer buy, given his or her $12 budget?
Multiple Choice
zero units
2 units
4 units
6 units
In: Economics
4. According to the open economy macroeconomic model, which of
the following statements is (are) correct?
(x) Capital flight requires the cooperation of the country’s
airlines to move precious metals to safe areas.
(y) A large and sudden movement of funds out of a country is called
capital flight
(z) Capital flight is frequently caused by an increase in political
or economic instability.
A. (x), (y) and (z) B. (x) and (y) only
C. (x) and (z) only D. (y) and (z) only
E. (x) only
5. which of the following statements is (are) correct?
(x) When a country suffers from capital flight, the exchange rate
depreciates because supply in the market for foreign-currency
exchange shifts right.
(y) When a country experiences capital flight its net capital
outflow increases and its real exchange rate falls.
(z) When a country experiences capital flight its real interest
rate increases as the country’s demand for loanable funds shifts to
the left.
A. (x), (y) and (z) B. (x) and (y) only
C. (x) and (z) only D. (y) and (z) only
E. (z) only
According to the open economy macroeconomic model, which of the
following statements is (are) correct?
(x) The usual effects of capital flight include a rightward shift
of demand in the loanable funds market and a rightward shift of the
NCO curve,
(y) Capital flight typically causes a decrease in the domestic
interest rate and an increase in NCO.
(z) Capital flight typically causes the real exchange rate of the
domestic currency to depreciate because capital flight causes an
increase in the supply of the currency in foreign currency exchange
markets.
A. (x), (y) and (z) B. (x) and (y) only
C. (x) and (z) only D. (y) and (z) only
E. (x) only
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According to Marx, Class is structurally determined – what does this mean? How does Marx’s theory of class relate to history and the present - in your answers explain and discuss class consciousness, false consciousness, and ideology.
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Below are data for countries with fast and slow growth rates over two different time periods. Construct a bar chart for each country in both categories. In other words, you will end up with four different bar charts, two for each of the two categories of the countries representing both time periods.
| Country | Average Growth Rate of Real GDP 1990–2000 | Average Growth Rate of Real GDP 2000–2008 |
| Fast Growth Club (5% or more per year in both time periods) | ||
| Cambodia | 7.10% | 9.10% |
| China | 10.60% | 9.90% |
| India | 6.00% | 7.10% |
| Ireland | 7.50% | 5.10% |
| Jordan | 5.00% | 6.30% |
| Laos | 6.50% | 6.80% |
| Mozambique | 6.40% | 7.30% |
| Sudan | 5.40% | 7.30% |
| Uganda | 7.10% | 7.30% |
| Vietnam | 7.90% | 7.30% |
| Slow Growth Club (2% or less per year in both time periods) | ||
| Central African Republic | 2.00% | 0.80% |
| France | 2.00% | 1.80% |
| Germany | 1.80% | 1.30% |
| Guinea-Bissau | 1.20% | 0.20% |
| Haiti | –1.5% | 0.30% |
| Italy | 1.60% | 1.20% |
| Jamaica | 0.90% | 1.40% |
| Japan | 1.30% | 1.30% |
| Switzerland | 1.00% | 2.00% |
| United States (for reference) | 3.20% | 2.20% |
| World Overview | ||
| High income | 2.70% | 2.30% |
| Low income | 3.80% | 5.60% |
| Middle income | 4.70% | 6.10% |
In: Economics
Assume that you are studying a perfectly competitive labour market.
The demand for labour is given by W = 200 – L
The supply for labour is given by W = 100 + L
a) Calculate the wage rate in the market and illustrate in a diagram.
b) If the wages becomes W = 175, what will happen in the market? Explain how the
equilibrium will be reached and illustrate in a diagram.
c) If the wages becomes W = 125, what will happen in the market? Explain how the
equilibrium will be reached and illustrate in a diagram.
d) If the government puts a minimum wage of W = 190, what will happen in the market?
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Since consumers' utility depends on their income and prices of goods and services, critically analyze the theoretical notion that a general income tax or subsidy to individuals generates higher utility maximization than the same tax or subsidy on specific products or services.
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Consider two countries (Home and Foreign) that produce goods 1 (with labor and capital) and 2 (with labor and land) according to the production functions q1 = L10.5K0.5 and q2 = L20.5T0.5 where Li is the labor input in sector i = 1, 2, K is capital, and T is land.
a. Suppose there is capital inflow from the foreign country so that K increases. How would this affect the marginal product of labor in sector1. (If you do not know differentiation, just substitute numbers into the production function to see what happen.)
b. Assuming the prices of the two goods do not change. How would the capital inflow affect wage? Are the workers better off?
c. How does capital inflow affect the rentals to capital and land?
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c. The standard of living in China is higher than the standard of living in Belgium as the size of China’s real GDP in 2018 (using 2010 constant prices) was USD10,800,568.39 million compared to Belgium’s USD538,738.79 million (figures from the World Development Index Database). Do you agree or disagree with this statement? Refer to the UN Human Development Index to Justify your answer.
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