Why is Russia a bigger threat to the United States than China.
In: Economics
If inflation is high in Europe relative to the US, what effect will it have on the value of the US dollar as compared to the Euro? Why?
In: Economics
Show in a diagram the effect on the demand curve, the supply curve, the equilibrium price, and the equilibrium quantity of each of the following events.
a. The market for steel in the United States: Fuel efficiency regulations have reduced the use of steel in automobile production and increased the use of lighter materials such as aluminum AND import restrictions limit the amount of steel that can be imported into the United States.
b. The market for international airline tickets: Incomes decline due to a recession AND Norwegian Airlines adds more U.S. cities to its list of international flight destinations.
In: Economics
Suppose that the Sacramento River Cats can segment their fans into young fans and senior citizens. Young fans have the demand curve P=120-10G(MR=120-20G). Senior citizens have the demand curve P=60-10G(MR=60-20G). Assume that MC=0. (a)What are the equilibrium price and quantity if the monopoly charges both groups the same price?(b)What are the equilibrium price and quantity for each group if the River Cats can segment the market?(c)Calculate producer surplus in each case.
In: Economics
e) Based on the information in the Press Release, in the thinking of the MPC did the risk to growth outweighed the risk to inflation or vice versa? Refer to specific points from the press release to back up your argument
In: Economics
Explain how employers and job seekers (employees) agree upon the combination of risk of injury and wage rate. Be sure to use graphs and explain each component
In: Economics
What are the limits to the U.S. long-term economic growth? Is there anything that our government can do to address these limits, or would it be a bad idea to try? 250 words maximum
In: Economics
What are the difference and similarity between the Transferable Emission Permits and Emission Standards?
In: Economics
Markets are separated into two broad categories based on their level of competition. On the one hand there are perfectly competitive markets and on the other hand, there are all other market structures which are grouped under imperfect competition. Markets under imperfect competition are generally described by fewer firms with each firm having some degree of market power depending on the number of firms in the market. Discuss the fundamental differences between perfect competition and imperfect competition (include a discussion of marginal revenue). In addition, discuss how the degree of market power effects the welfare of producers, consumers, and society. 20 Points
In: Economics
In this Laboratory the student must IDENTIFY AND EXPLAIN (2) International, Multinational, Transnational and Global companies. To identify and explain each company, the student must consider THE CHARACTERISTICS that define each company model. Prepare it in an essay format.
In: Economics
1. Which of the following statements is correct regarding the Fed?
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2. Raising the discount rate is:
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3. Given an upward sloping aggregate supply curve, which of the following changes in the aggregate demand curve is observed when the Fed reduces the money supply?
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4. If the short-run aggregate supply curve is positively sloped and the Fed increases the money supply, aggregate demand:
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In: Economics
How has the workplace changed in the past twenty years and what are the implications of the changes? Where are the trends likely to take us in the next twenty years?
In: Economics
2)How do self-interested businesses benefit society?
3) Using the thinking at the margin concept, explain a student's decision to wake up and attend an 8 AM class in the winter (the student is already registered for the class).
4)Why do airlines sometimes advertise last-minute airline ticket sales at low prices? What economic principle are they applying?
In: Economics
Markets are separated into two broad categories based on their level of competition. On the one hand there are perfectly competitive markets and on the other hand, there are all other market structures which are grouped under imperfect competition. Markets under imperfect competition are generally described by fewer firms with each firm having some degree of market power depending on the number of firms in the market. Discuss the fundamental differences between perfect competition and imperfect competition (include a discussion of marginal revenue). In addition, discuss how the degree of market power effects the welfare of producers, consumers, and society. 20 Points
In: Economics
Suppose that Japan can produce 5 cars in 6 hours and 15 HD TVs in 8 hours. The US can produce 5 cars in 7 hours and 15 TVs in 5 hours. Explain which country has a comparative advantage in producing cars and which country has a comparative advantage in producing TVs. In your answer, be sure to be very specific as to how you identified the comparative advantage in each country and define how one goes about identifying comparative advantage.
Assuming that this is what is produced in each country (5 cars and 15 HD TVs), nothing more and nothing less, explain how both countries can benefit through trade. Again, be very specific in terms of identifying the gains from trade and how each country is better as compared to not trading at all.
In: Economics