Using the AD-AS model show what will happen to the equilibrium level of output Y and the level of prices P if

a. There is an increase in oil prices.

b. The government raises taxes.

c. There is an increase in oil prices and the government increases spending to fight a recession.

Suppose thats=.4,δ=.3,gN=.03, and gA=.02. In the Solow Growth model westudied in class, the steady state growth rate of output (Y) is:

A. 0

B. 2%

C. 3%

d. 5%

2. “Pot producers heading down bankruptcy path: Insiders predict price slump, oversupply will spell doom for numerous companies” (Subramainiam, V., Vancouver Sun Newspaper, Thursday, January 02, 2020, p. C7). “Cannabis industry insiders are bracing for a slew of bankruptcies in the coming year as small and medium-sized companies low on cash struggle to raise funds in the downtrodden sector. ‘We have had a busy few years, but next year we’re going to be busy for a different reason – we expect a few million dollars in legal fees from insolvencies and consolidations,’ said Ranjee Dhillon, a partner at McCarthy Tetrault LLP and the firm’s cannabis group lead. i. In assignment 1, we found the Inverse Demand Curve to be: P = 14.6 – 0.40 [Qd]. Suppose that we also know that the Inverse Supply curve to be: P = 2.5 + 0.9444 [Qs] Given that at the equilibrium position, Qd = Qs, find the Market Equilibrium Quantity Exchanged, Qe and the Market Equilibrium Price, Pe. 3. Suppose that the Association for Fair Prices for Pot Producers, the FPPP, convince the government that the Pot Price should be set at a “FLOOR” of $12.50. i. At this Price Floor, determine each of the Quantity demanded, Qd and the Quantity supplied, Qs from the information provided in question 2 above. ii. Briefly explain whether or not this Price Floor is (1) Effective or Not Effective, and (2) Why or Why not? iii. Briefly explain the resulting Market condition as a result of this Price Floor in relation to the previous Market Equilibrium position determined in question 2 above. (1 Mark).

What role does the Borderlands have in defining Mexican-Americans to themselves and to the nation as a whole?

What are the primary differences between private trading exchanges and public trading exchanges in B2B e-commerce? What are the advantages of each type of exchange?

Chapter 2 – Marketing Ethics Marketing to children has always been controversial. Indeed, in the 1970’s, the FTC considered prohibiting all advertising to children. The federal government once again is setting its sights on marketing aimed at children. With the US child obesity rate and predicated to exceed 20% in just a few years, regulators are pressuring marketers in general, and food marketers in particular, to curb their marketing practices to children. In 2008, the FTC delivered an analysis to Congress of 44 companies’ $1.6 billion food and beverage marketing activities targeting children. A provision in the 2009 omnibus spending bill signed into law by President Obama created the Interagency Working Group on Food Marketing to Children. This group will present recommendations to Congress in 2010 regarding marketing to children and aged 17 and younger. With children and teens spending billions of their own dollars and influencing much more of their parents spending, this is an important market segment to marketers.

1. Studies report that children view more than 20 food ads each day, of which over 90% promote high fat, high sugar products. The marketing concept focuses on satisfying consumer’ needs and wants, but are marketers crossing the line when they cater to younger consumers’ wants for products that may counter parental wishes or that may be unhealthy?

2. What actions are marketers taking to market their products to this market segment more ethically? Discuss industry initiatives that help marketers market to children more responsibly.

Place the following into the above Strategy Portfolio Matrix for prior to COVID19 and again for during the COVID19 pandemic.

Office supplies, xray machines, personal protective equipment, laboratory supplies, food supplies and accessories, mobile devices (laptops, phones), ventillators, doctor and nurse surgical uniforms, repair parts for hospital air conditioning and heating systems, vending machine snacks and beverages, hospital beds, hospital room furnishings, needles/syringes/IV solutions, general drugs, hospitals consultants, auditors.

1. Case Study 1: Government Intervention

In Germany in 2009 there was considerable debate about the extent to which the government should be intervening in the economy. For example, its citizens were worried about the future of Opel, a German car brand that was part of the ailing General Motors. Some wanted the government to make sure jobs were saved no matter what. Others, however, were more hesitant and worried about becoming the government becoming too interventionist. Traditionally since the Second World War the German government has seen itself as a referee in market issues and has avoided trying to control parts of the economy. It would regulate anti-competitive behavior, for example, but not try to run many industries. However, in the recession of 2009 when the economy was shrinking the government was forced to spend more to stimulate demand and had to intervene heavily to save the banking sector from collapse. The government also had to offer aid to businesses to keep them alive.

Questions

1. What are the possible benefits of a government intervening in an economy?

3. What prompted greater intervention by the German government in 2009?

4. What would determine whether the German continued to intervene on this scale in

the future?

a) Explain how the Breon Woods System worked and how it differed from the Gold Standard. Then explain how it collapsed.

What are the impacts of COVID-19 on Trade Up/Bulk product sales for supermarkets?

“Over the Years, Markets have become global. But now the Protectionist policies of the USA and the COVID -19 Pandemic threatens the global value chains.

Elaborate your answer with a relevant examples.