The United States instituted tariffs (increase in price of Chinese goods imported into the US) on China selectively on 7/6/18 of 10% on ultimately $50billion of goods.

China retaliated in kind by imposing tariffs (increase in the price of US goods imported into China) on US on the same day by the same amount

On 5/15/19, The US increased the amount of the tariff to 25% and expanded the list of Chinese goods covered by the tariff.

Chinese responded in kind by the amount of the tariff and the list of goods covered.  

Using the production possibilities model, and making the assumptions that the US and China are the only countries in the world, and making the assumption of constant costs in production, and assume also that the 2 countries produce only 2 goods: Soybeans and Consumer goods, with the US having a comparative advantage in Soybeans, China having a comparative advantage in Consumer Goods, explain what you would expect to happen once these tariffs are imposed.  

Please include in your discussion, what effect, if any, these tariffs (trade war) would have on the costs of production, level of production, level of consumption in each country.

Finally, relax the assumption about US and China being the only two countries in the world. If other countries are allowed to trade with either China or the US, what would happen to the level of production and price of each good? Be sure to note all the assumptions you are making in your analysis. Your answers need not be lengthy, if you would like to include graphs that is ok.

The Federal Reserve is responsible for managing the country’s money supply. Monetary policy affects the whole economy through interest rates. When the Fed increases the money supply, interest rates drop. When the Fed decreases the money supply, interest rates increase. This week you will discuss how you are affected by the Federal Reserve’s monetary policies. In your discussion, please consider the following questions or statements. Think about a recent purchase you made that required a loan, like a house, or a new car. Explain how you arrived at the decision to purchase. Then explain how the interest rate on the loan affected your purchase. For instance, were you able to purchase a higher priced item because the interest rate was low? Thinking deeper about your answers; how do interest rates affect millions of other buyers and their decisions, then how that affects the whole economy? Explain.

Is it possible that PE > GDP in a given year in a closed economy if some aggregate expenditure falls on output produced in the previous year? Please explain in detail with different possibilities.

With Donald Trump as the current President of the U.S., are we likely to become more of a command economy? Justify the stand you take.

To automatically insert electronic components in printed circuit boards for a cell phone production line, a $500,000 surface mount placement (SMP) machine is being evaluated by a manufacturing engineer at Motorolla. Over the 10-year planning horizon, it is estimated the SMP machine will produce annual cost savings of $92,500. The engineer estimates the machine will be worth $50,000 at the end of the 10-year period. Based on the firm’s 10% MARR, how long does it take for the new SMP machine to fully recover its initial cost, including the Time Value of Money (TVOM)? (i.e., use discounted payback period).

Using the list of NIC growth factors, evaluate India and China as to their prospects for rapid growth. Which factors will be problems for India? For China?

What is the discount rate for a momentary self?

What are two areas that you believe are primary contributors to the '08-'09 financial crisis for both the US and Iceland? Hello! Please help explain the two areas from an economic standpoint (preferably Macro but anything will do).

1. The labor demand curve tells us

A. the marginal product created by an additional worker times the wage.

B. the marginal revenue created by an additional worker.

C. how many workers the firm will want to hire, given the wage.

E. the marginal profit generated by an additional worker.

2. Third-party payers for medical care include all of the following EXCEPT:

a. employer-provided medical insurance.

b. Medicare

c. payments from the patient's savings

d. Medicaid

3. An employer retirement plan that provides a predetermined monthly amount of income when you retire is called a

A. Social Security plan.

B. 401(k) plan.

C. defined contribution plan.

D. defined benefit plan.

You are tasked with opening a new factory for your business in another country. You speak the language and have spent some time living abroad so you are confident in your ability to work in anther culture. You are a skilled technical manager and believe you have a good team (mixed expatriates and local managers and employees). However, shortly after starting your project you realize that some things are not getting done - some of the contractors are slow to respond or slow to deliver. As you ponder this and get further behind schedule, one of your managers approaches you with a suggestion, namely: the contractors are expecting to be paid something under the table due to the high local tax rates. If they are not paid at least part of their money that way, they will continue to be slow in delivering goods and services.

What do you do?

Prepare an essay in response to discuss the meaning or implications of using new technology to understand and impact consumer.

Answer the following question listed below. This assignment has a 150 minimum word count. You will also be required to reply to 1 response (100 minimum word count for each response) and use at least one credible reference.

1. List 3 facts about small businesses.

2. What are advantages in starting a small business?

3. Which Entrepreneurial Resource would you make use of?

What is “autonomous consumption”?

Describe two shocks that would increase a nation’s autonomous consumption.

According to the classical model, how would national saving (S) and investment (I) be affected (up, down, or no change) by those

shocks? How would the aggregate demand for goods (Yd) be affected (up, down, or no change)? Explain.

please use an equation with arrows or a diagram along with words, not just words

A University's food services produces 'square meals' (SM) using only one input,

'unmentionable' (U), and a remarkable production process. The production function is:

SM = U²

Part 1. This production function exhibits Increasing, Decreasing/Diminishing or Constant returns to scale?     IncreasingConstantDecreasing/DiminishingIncreasing  

Part 2. How many Units does it take to produce 225 square meals?    

Part 3. How many square meals can be produced with 15 units of unmentionable?    

Part 4. If the input costs 5 per unit, what is the average cost (AC) of producing 25 square meals?    

Part 5. If the input costs 5 per unit, what is the average cost (AC) of producing 125 square meals?    

Part 6. The total cost function is rising at an Increasing, Decreasing/Diminishing or Constant rate?