In: Economics
Show a loanable funds graph with a negative equilibrium interest rate. What kind of surplus or shortage exists if the ZLB binds?
In: Economics
What could the government do to ease the transition to an automated economy?
In: Economics
Many reasons for why the United Kingdom voted to leave the European Union have been proposed. A common one is that imports from the EU hurt low-skilled British workers. Suppose that there are two industries, financial services and manufacturing. Further assume that there are two factors of production, low- skilled and high-skilled workers, and that finance is high-skill intensive and manufacturing is low-skill intensive. Further assume that the United Kingdom is abundant in high-skill labour.
a) Show using the Heckscher-Ohlin model of international trade how relative wages for low-skilled and high-skilled workers are determined when the UK is a member of the EU (i.e. when there is free trade between the UK and the rest of the EU). Explain your answer.
b) Now suppose that the UK leaves the EU. For simplicity, we will model this as autarky (i.e. that all trade between the UK and the EU stops). How do real wages of low-skilled and high-skilled workers change (remember that the UK is abundant in high-skilled labour)? Explain your answer.
In: Economics
Write a 2-3 page paper on the economic impact of globalization on the US economy. Comment on national income, US debt, unemployment, foreign exchange/currency, security, technology, etc.
Ideally, argue for or against using some of the topics suggested. Consider both the positive and negative effects and summarize on whether the costs or benefits outweigh the other.
Pay attention to content, writing mechanics, APA style (apa.org) and ensure originality, cite and reference in other words support your analysis with a body of knowledge.
Submit on a word document first to the link to check similarity percentage which needs to be 25% max and then submit the final draft to Assignment link for grading.
In: Economics
Write the simple formula for the money multiplier. If some borrowers hold loan money as cash, is this money multiplier too high or too low. Explain briefly.
In: Economics
6. Make revenue forecast for Pacific Shoes for 2020
based on historical data if the company generated the following
revenues for the last five years. Calculate the forecast error,
draw a graph with the actual and forecasted revenue by year, and
show the forecast error on the graph.
Year.
2015 2016 2017 2018 2019
Revenue (Million $) 23 27 27
32.
30
In: Economics
In: Economics
In: Economics
explain GDP properly
introduction
why you like this topic in economics
In: Economics
4. Ms. Klein borrowed $10,000 from a bank on annuity
for 2 years at 20% annual interest compounded and payable
semiannually (every six months). Calculate the semiannual payments
and provide a table that shows semiannual payment, balance,
interest payment, payment to principal for each payment. Also
calculate the total amount which Ms. Klein will pay to the bank for
the borrowed amount including interest and principal payments in
the entire period of two years.
In: Economics
Please describe the meaning and provide your comments on the given price elasticity.
In: Economics
Subject: Engineering Economics
A company is considering the purchase of a material handling (MACRS-7 year property class) automated system for its distribution center. The new system costs $350,000 has an estimated life of 8 years and an estimated salvage value at that time of 20% of initial cost. Annual maintenance are estimated 25% of its first cost regardless of its level of usage. The operating costs of the system depends on the use, at a rate of $3/piece. The current system is manually operated and it is estimated that the automated system will generate savings of $8/piece. The distribution center operates 5 days a week, 50 weeks per year. The daily demand is stochastic and the company wished to know what should be the minimum daily demand to break even. The company uses a MARR of 15%, has a tax rate of 25%. Perform an ATCF break even analysis to determine the minimum daily demand to make the investment feasible.
In: Economics
Describe how the following transactions would affect U.S. exports, imports, and net exports:
In: Economics
How can opportunity cost affect a college student? Give examples.
In: Economics