Questions
What is most interesting about auctions, bid-rigging, and other pricing schemes when it comes to economics?

What is most interesting about auctions, bid-rigging, and other pricing schemes when it comes to economics?

In: Economics

I gave a loan to an individual in kenya, which will enable her to buy more...

I gave a loan to an individual in kenya, which will enable her to buy more materials to boost and help with her business.

How does this specific loan advance 1 specific Sustainable Development Goals in kenya?

Rubric:

Justification (Sustainable Development Goals) for providing loan to individual is highly convincing and uses data collected very effectively to justify loan

In: Economics

econ question; Explain how political systems are not always drivers of economic systems.

econ question;

Explain how political systems are not always drivers of economic systems.

In: Economics

Step 1: The first part of the instructions/rubric is to discuss a reason why contractionary policy...

Step 1: The first part of the instructions/rubric is to discuss a reason why contractionary policy should be used. What kind of things can happen in the economy to cause the Fed to need to use contractionary monetary policy? What kind of things would they look for to let them know that the economy is growing too fast and needs to slow down?

Step 2: The next part of the instructions is to explain how each of the three tools of the Fed (open market operations, changing interest rates, and changing reserve requirements) can be used to contract the money supply. It’s important here that when you are explaining them, you are specifically talking about how to use them to contract the money supply, not just how they could affect it. For example, for interest rates, you can’t just say “we can raise or lower them.” You need to explain which of those actually is contractionary.

Step 3: The last part has you explain why you choose the tool you chose, and why the other two options weren’t chosen.

If it would help make sure you are covering everything, you can break this down into a sort of checklist:

1. What would be happening in the economy to cause the Fed to believe that contractionary monetary policy is needed?

2. How can the Fed use Open Market Operations to contract the money supply?

3. How can the Fed use changing reserve requirements to contract the money supply?

4. How can the Fed use changing interest rates to contract the money supply?

5. Which tool have you chosen, why is that the best option, and why are the other two options worse than the one you chose?

In: Economics

Problem 1. A) Identify how protectionism influenced BREXIT. Be specific, give details. B) Describe and explain...

Problem 1.

A) Identify how protectionism influenced BREXIT. Be specific, give details.

B) Describe and explain the economic consequences in the areas of export, production, import, labor and investment of BREXIT. Be specific, give examples.

In: Economics

(a)Suppose the market demand function for orchids (in pots) is given by Q=1400-30P. Now we rank...

(a)Suppose the market demand function for orchids (in pots) is given by Q=1400-30P. Now we rank the MB of each pot of orchids from the highest to the lowest, what is the MB of the 200th pot of orchids?

(b)Suppose the market supply function for orchids (in pots) is given by Q=40P-400. Now we rank the MC of each pot of orchids from the lowest to the highest what is the MC of the 200th pot of orchids?

In: Economics

Using the Yahoo! properties mentioned in Chapter 11- 11.2 section, evaluate a particular brand by using...

Using the Yahoo! properties mentioned in Chapter 11- 11.2 section, evaluate a particular brand by using relevant keywords to see what comes up in a search. What did you find? Give examples. Are you surprised by what you saw?

In: Economics

Provide a forecast, Recommendation and Expectation on the recovery of Egypt, Niger, Lesotho, Mauritius, Tanzania countries...

Provide a forecast, Recommendation and Expectation on the recovery of Egypt, Niger, Lesotho, Mauritius, Tanzania countries economy.

Provide a forecast, recommendation, expectations on the recovery of Egypt, Niger, Tanzania, Mauritius, Lesotho countries economy that is affected due to covid -19.

In: Economics

4. There are several factors influencing sales revenue of organizations. Identify and explain any of these...

4. There are several factors influencing sales revenue of organizations. Identify and explain any of these factors in terms of relationship with sales

In: Economics

why is there so much pushback against free trade policies? Why is it that there is...

why is there so much pushback against free trade policies? Why is it that there is so much opposition to trade despite the general agreement of economists that it is beneficial? Discuss the impact of special interests and voter irrationality in determining these outcomes. Do you believe that the Democratic process if efficient in reaching optimal trade policies? Explain why or why not.

In: Economics

. It has been reported that some retailers may be refusing to accept cash (currency) as...

. It has been reported that some retailers may be refusing to accept cash (currency) as payment in exchange for products and services due to the pandemic. (I am not talking about BART letting riders ride for free earlier this year). A. If this is proven to be true, what may this mean for the millions of Americans who do not have the ability to pay in any other way? B. If this is ‘illegal’, or MAY be ‘illegal,’ then what, if any, penalties should there be, in theory? Why? C. How might these penalties be enforced? D. Before March, 2020, the city of San Francisco took steps to try to prohibit merchants (sellers) from refusing cash as payment for services and products. It was argued that it may be discriminatory for a seller to refuse cash as payment, as millions of people in our country do not have a credit card, a debit card, a bank account, a checking account, or the ability to pay by ‘electronic transfer’. In your opinion, is it discriminatory for a seller to refuse cash as payment for small, ‘everyday’ items? Why or why not? E. Is it discriminatory and unfair for a society as wealthy as ours (at least $99 trillion in household wealth) to allow some children and young adults to go without a working computer with internet access in their homes? Why?

please keep it short

In: Economics

At the equilibrium consumption bundle, which of the following holds? MRSX,Y = PY/PX. MRSX,Y = −PX/PY....

At the equilibrium consumption bundle, which of the following holds?

  • MRSX,Y = PY/PX.

  • MRSX,Y = −PX/PY.

  • MRSX,Y = PX/PY.

  • MRSX,Y = −PY/PX.

In: Economics

Federal Reserve monetary policy strives to bring about full employment and price stability. Explain how the...

Federal Reserve monetary policy strives to bring about full employment and price stability. Explain how the Federal Reserve loosens or tightens monetary policy through open market operations and how this affects the economy. Include in your answer how looser or tighter monetary policy affects the amount of reserves in the banking system and interest rates, and how loose or tight monetary policy is supposed to affect GDP, employment and inflation.(8-12 sentences)

In: Economics

Use the following information to calculate the price elasticity of demand for school fees: If P=30;...

  1. Use the following information to calculate the price elasticity of demand for school fees:

If P=30; Q^d =6000

If P=50; Q^d =4000

  1. The elasticity is 0.5
  2. The elasticity is 0.8
  3. The elasticity is 1.8
  4. The elasticity is 1.2

  1. Which one of the following is a normative statement?

  1. Price rise when the government increase the quantity of money
  2. When more people find jobs, unemployment rates drop
  3. The government should invest more money in research
  4. When the price of a good increase, the quantity demanded goes down

  1. The biggest reason people face trade-off is because

  1. People tend to disagree with each other
  2. Resources are scarce
  3. People’s incomes increase and decrease with business cycles
  4. There are too many goods and services to choose from

  1. “Society should allocate more money for research” this is an example of a positive economic statement

TREU / FALSE

  1. The cross-price elasticity of beef and chicken is 2, which indicates that beef and chicken are substitutes

TRUE / FALSE  

  1. The opportunity cost of any item is whatever must be given up to obtain it.

TRUE / FALSE

  1. In the markets for factors of production in the circular- flow diagram, households are buyers, and firms are sellers.

TRUE / FALSE

  1. Regarding elasticities, the flatter the curve, the bigger the elasticity, and the smaller the elasticity. This is true:

  1. Only for seller
  2. Only for buyers
  3. For both buyers and sellers
  4. All answers are incorrect

In: Economics

You have $60 and have decided to invest it in the stocks of two companies: Google...

You have $60 and have decided to invest it in the stocks of two companies: Google and Bing. The stock of Google cost $10/share and Bing stock costs $5/share. In one scenario, Google stock will be worth $30 and Bing will be worth $8. In the only other scenario, which is equally likely, Google will be worth $10/share Bing will be worth $12/share. Assuming you are risk averse, which of the following investment options yield the greatest expected utility?

(a) Spend half of your money on Google and half on Bing.

(b) All three of these options are the same.

(c) Spend all your money on Bing stock.

(d) Spend all your money on Google stock.

The correct answer is a) but i'm not sure how to get there.

In: Economics