An assessment of the economic impact of COVID 19 on the Australian economy – an International Macroeconomic perspective.

The intertemporal model of the current account- the CA balance: likely changes and implications for future consumption

How does longer business cycle affect economic growth?

7. Oligopoly differs from monopolistic competition in that it includes:

a. barriers to entry b. pricing powers. c. downward-sloping demand curves d. product differentiation

8. Which of the following statements are FALSE regarding the price elasticity of residual demand? Select all correct answers.

a. It is equal to negative infinity in the perfect competition model.

b. It is equal to the price elasticity of market demand times the number of firms.

c. It is less elastic for homogeneous goods than for heterogeneous goods.

d. The monopoly markup decreases as the price elasticity of residual demand becomes more negative.

9. Which of the following market structures is efficient?

a. Two-part pricing with non-identical customers

b. Third degree price discrimination

c. Second degree price discrimination with finite blocks

d. First degree price discrimination

10. Consider an oligopoly with five identical firms. If the market demand elasticity is -4, what is the Lerner Index?

a. 0.1

b. 0.05

c. 0.25

d. 0.20

11. Consider a market in which there are three firms that simultaneously choose prices, produce differentiated goods, and let the market determine the quantities. Which oligopoly model would best fit this market?

a. Cournot

b. None of these are appropriate for differentiated goods.

c. Bertrand

d. Stackelberg

12. Consider a monopolist using second degree price discrimination. If it expands the number of blocks it is using from two to three, what is the impact on consumer surplus, producer surplus, and the deadweight loss?

Select all correct answers.

a. Producer surplus decreases

b. Consumer surplus increases

c. Deadweight loss decreases

Pengurusan Air Selangor Sdn Bhd (“Air Selangor”) is a state-owned water management company. It was set-up as the special purpose vehicle of the Selangor State Government, to be the single holistic licensee for the provision of water services in Selangor and the Federal Territories of Kuala Lumpur and Putrajaya, following the water services industry restructuring.

a) Is it possible for a monopolist like Air Selangor to achieve economies of scale—at all time? Why or why not?

b) One of the main issues that are always associated with the state government-protected monopolist like Air Selangor is inefficiency. Explain why this is the case (inefficiency) and how to overcome them.

c) In lieu of (b), unlike Air Selangor that is state-owned, what about technological (tech) monopolists such as Google or Netflix? Why are consumers generally okay with tech monopolists but not with government-protected monopolists?

Note: Please use sources from reputable news outlets (i.e., Forbes, The Edge, NST) to answer these questions (wherever relevant).

The first piece on offer is a TED talk by Lawrence Lessig who rather sceptically examines the impact of the rise of a media age upon the functioning of representative democracy. hi Chegg could someone help me understand this piece

What are the major differences between the economic model of social responsibility and the socioeconomic model?

In the space below, draw a firm’s isocost/isoquant diagram with K on the vertical axis and L on the horizontal axis.

1. Show the change that would occur if capital became more expensive and the firm maintained the same total cost.  Be sure to show how each curve changes.  To the right of the graph, clearly indicatewhat happens to the level of output and use of both L and K, and whether you are showing L and K as substitute inputs or complementary inputs.

2. Draw another isocost/isoquant diagram below.  Consider the same increase in the cost of capital.  However, this time, assume the firm maintains the same level of output, so it stays on the same isoquant as the price of capital increases. Show what would change in the graph and to the right of the graph, clearly indicatewhat happens to the firm’s total cost and its use of both L and K.

Explain in detail what are the primary variables that influence the risk of a portfolio of assets?

Explain in detail how diversification can reduce the risk of a portfolio of assets to below the weighted average of the risk of the individual assets.

Which of the following best illustrates the idea of government failure and why? For each of the others, indicate why it does not illustrate the idea of government failure, or if you’d need more information to determine if it does and what information you would want to have. Think about this in terms of government action that works against the attainment of efficient policy.

        a.     A new environmental law raises the cost of coal powered energy production.

        b.    Agricultural farm support payments increase acreage planted thus increase fertilizer use and runoff and decrease water quality.

        c.     A local government builds a new park at a cost of $1.7 million.

7.     (4 points) Are the impacts of a program to control automobile pollution progressively or regressively distributed by income levels? Explain in a way that makes it clear what a progressive or regressive distribution of impacts is. Compare to a program to ensure the quality of public water supply systems for household water supply.

could someone answer these terms by defining it and explain the term as well of international relations course

5. Interstate/international system
6. Sovereignty
7. The New Deal
8. Cold War
9. Mutually Assured Destruction (MAD)
10. Proxy wars

1. Consider the economy of country A. The nominal GDP increases from $40,000 to $80,000 in 15 years. Annual population growth rate is 2% and the annual inflation rate is 1%.  

1. Calculate the annual economic growth rate of country A.
2. Approximately, how long will it take for the real GDP per capita of country A to double?
3. The country discovered a new oil field, but economic growth rate fell afterward. Explain how this could happen.
4. For each of the following separate policies, determine the associated factor of economic growth.

(1) natural resources; (2) physical capital; (3) human capital; (4) technology; or (5) institutions:

(Explanations are not required, choose only one from the above list for each of the following)

1. The government allows for the freedom of speech.
2. Small companies receive tax credit from the government for hiring high-school dropouts.
3. Firms are penalized for burning coal as a source of energy.
4. The country plans to expand the subway system.
5. The government hires more police to improve the law and order.

If successful politics almost invariably requires compromise, then why aren't we seeing more of it in national politics?