Should governments intervene in trade? Have government interventions been positive or negative for trade? In your answer refer to the USA/China trade war as well as other examples where appropriate.

Outline why comparative advantage theory is considered to be a strong predictor of global trade patterns. When compared against other trade theories do you consider it the best theory to explain global trade patterns? Why/why not?

Broad Question-(approx 350 words)

In the situation of perfect competition, in long run equilibrium which of the following is not true:

the marginal cost curve intersects the average cost curve at the minimum point of the average cost curve.

average costs are equal to the market price of the good.

average costs are equal to marginal revenue.

the demand curve facing the individual firm has a downward slope.

Assuming long-run equilibrium exists, when demand increases in a perfectly competitive market, in the long run the average total cost curve for a typical firm

no longer u-shaped

shifts downward

shifts upward

stays the same

In a market situation of perfect competition, if average costs are greater than price, then in the long run:

market demand will increase.market demand will decrease.entry into the market by other suppliers will occur.

exit from the market by suppliers will occur. market demand will increase and entry into the market by other suppliers will occur. market demand will decrease and exit from the market by suppliers will occur.

write an essay of 900 words, how direct shipment method used by retail companies to reduce inventory holding cost will impact: supply-side logistic system and demand-side logistic system explain in detail.

Charlotte spends her income of $2400 on clothing (good x), and the composite good (good y ). The utility Charlotte receives from consuming a basket of clothing and the composite good is, U(x, y ) = 2√ x + y 300. The corresponding marginal utilities are, MUx = 1 √ x and MUy = 1/ 300.
(c) Find Charlotte’s optimal consumption basket when the price of clothing is Px1 = $50, and the price of the composite good is Py = $1.

(d) Find Charlotte’s optimal consumption basket when the price of clothing increases to Px2 = $60 (the price of the composite good remains Py = $1).

(e) Find the income and substitution effects for the price increase. Is clothing a normal good? Briefly explain

What is GE Aviation cost and pricing in regards to economics? How would GE Aviation operations and services be characterized?

What are the differences among the monopolistic competition, competitive markets, and monopoly?

Is the bookselling a perfectly competitive industry? Briefly explain

Putting specific historical subject matter into an understandable framework by looking at more broad things happening around it:

Group of answer choices

Context

Presentism

Interpretation

The unintended consequences of history

Objectivity

How COVID-19 affected the Indian economy. This is needs to be analyzed only by the IS-LM model. How government steps shift the curve in this pandemic and other factors.

NOTE: It should be complete and must all factors of IS-LM and Effect on Indian economy
(up to 3 pages)

Think of the different goals of policymaking: efficiency, growth, stability, and equity. Why do they often conflict? Why can an economy not achieve multiple goals simultaneously?

Suppose the economy is experiencing a recessionary gap of $0.5 trillion. The marginal propensity to consumer is MPC = 0.2. To mitigate or close the gap, the fiscal government need to choose between two options: increase government spending G or decrease taxes. Fill in the gaps with numerical answers unless otherwise instructed. Round your answers to one decimal place (for example, 1.25 ~ 1.3).

1. The value of the spending multiplier is at most equal to .
2. The value of the tax multiplier is at most equal to .
3. Suppose the government chooses to not change the taxes. Then, it should increase spending by at least $ trillion in order to close the gap.
4. Suppose the government chooses to not change government spending. Then, it should decrease taxes by at least $ trillion in order to close the gap.

1. Discuss why are aircraft suppliers like Boeing and Airbus are examples of oligopoly?
2. Compared to other markets, it is difficult to analyze the behavior of firms under oligopoly. Why?

IMF was created to promote monetary stability. The current role of IMF is to oversee exchange rate policies in member countries and advises developing countries about how to turn their countries around.

World Bank was set up to lend money to countries so they could rebuild their infrastructure that had been destroyed during the war. The WB is looking to expand its lending to developing countries and to provide more loan guarantees for businesses entering new developing markets.

Required:

1. You are required to distinctly identify the roles play by the above institutions in Zimbabwe in the last 30 years and state the successes and difficulties encountered in that engagement. What will be your advice today to the government of Zimbabwe in ensuring the full utilization of the facilities available from these institutions?

Suppose the European Union (EU) is investigating a proposed merger between two of the largest distillers of premium Scotch liquor. Based on some economists’ definition of the relevant market, the two firms proposing to merge enjoyed a combined market share of about two-thirds, while another firm essentially controlled the remaining share of the market. Additionally, suppose that the (wholesale) market elasticity of demand for Scotch liquor is -1.3 and that it costs $15.70 to produce and distribute each liter of Scotch.

Based only on these data, provide quantitative estimates of the likely pre- and postmerger prices in the wholesale market for premium Scotch liquor.

Instruction: Do not round intermediate calculations. Enter your final responses rounded to the nearest penny (two decimal places).

Pre-merger price: $

Post-merger price: $