How the COVID-19 Pandemic is affecting the U.S. Capital Markets? Should You Invest New Money During the Coronavirus Pandemic?

How do people change culture?

Explain why this statement is false: Competitive firms always earn zero profits in a long run equilibrium because their marginal cost is equal to their marginal revenue at the optimal level of production.

Between 2006 and 2008, Sony and Toshiba were in a format war in the market for

high-definition optical discs. Sony had developed Blu-ray discs whereas Toshiba

had developed the HD-DVD format. Both producers were manufacturing players

for their own format. However, unless Sony and Toshiba agreed on producing

only one particular format, consumers were holding off their purchases. They

feared, should they buy a player, that they risked having invested in the wrong

format, leaving them unable to play content on high-definition optical discs. Both

producers could choose either format in the production of players. Sony could

produce HD-DVD players; in that case, they would have to pay $20 Billion royalties

per year to Toshiba if they sell any players. Toshiba could produce Blu-ray players;

in that case, they would have to pay $20 Billion royalties per year to Sony if they

sell any players. Assume that, if Sony and Toshiba agree on one format, they

would have a profit of $100 Billion in players each per year before eventual royalty

payments.

(a) What are the components of a strategic game? Model the interaction be-

tween Sony and Toshiba as a strategic game, in which Sony's and Toshiba's

strategies are given by the format of the high-definition disc players they

produce and their preferences are given by their profits after paying for or

receiving royalties.

Based on your perspective, write a short summary of the challenges in international trade and global market due to covid 19.

You are preparing for mediation between two parties. What will you need to verify and document? Provide at least 8 examples

What is the difference between the substitution and the income effect of a price increase? Explain in detail

The price of good X is higher in year 2 than in year 1 and people are buying more of good X in year 2 than year 1. Obviously, the law of demand does not hold. Do you agree or disagree? Explain your answer.

What is a Monocentric city? What determines land prices in a Monocentric city?

Question 1

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The Law of Demand states that a(n)

Select one:

Change in price will lead to no change in the quantity demanded

Decrease in price will lead to a decrease in the quantity demanded

Increase in price will lead to an increase in the quantity demanded

Increase in price will lead to a decrease in the quantity demanded

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The following table contains the demand and supply schedules for Lego sets.

According to the table, the market equilibrium price and quantity of Lego sets are

Select one:

$4.50 and 5,000 Lego sets

$5.50 and 5,500 Lego sets

$4.50 and 5,500 Lego sets

$6.00 and 6,500 Lego sets

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Question 3

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The following table contains the demand and supply schedules for Lego sets.

If the price of a Lego set was $4.00, then this would result in

Select one:

A surplus of 750 sets

A shortage of 750 sets

A shortage of 250 sets

A surplus of 250 sets

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A market with no barriers to entry will make zero economic profit in the long run because

Select one:

The government will intervene to keep prices low to protect consumers

There is no barrier preventing outside firms entering the market, increasing market supply and decreasing price

Any form of competition always results in losses being made

There is no barrier preventing firms leaving the market and competing elsewhere

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If Woolworths increases the price it charges for a loaf of bread soon after Coles does, then this is

Select one:

An example of monopolistic competition and product differentiation

An example of an oligopoly market structure and mutual interdependence

An example of a monopoly because there is no difference between the two supermarkets

An example of perfect competition and a homogeneous product

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The expenditure approach calculates gross domestic product (GDP) according to

Select one:

GDP = C + I + G + (M – X)

GDP = C + I + G + X

GDP = C + I + G + (X + M)

GDP = C + I + G + (X – M)

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Which of the following would not be included in the government expenditure component (G) of GDP?

Select one:

Transfer payments made to social security recipients

Payments made to repair bridges and tunnels of a major highway

Salaries paid to government employees

The purchase of paper clips and staplers in a government department

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Question 8

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Which of the following would not shift the aggregate demand (AD) curve for an economy?

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A change in the aggregate price level

An increase in consumption

A decrease in government spending

An increase in exports

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Question 9

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Frictional unemployment in an economy refers to

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Long term unemployment caused by the business cycle

Short term unemployment caused by workers moving between jobs

Unemployment caused by workers not having the required skills, education or training

Unemployment caused by the ups and downs of the business cycle

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Cost push inflation refers to a

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Rise in prices because of a left shift in the aggregate demand curve

Fall in prices due to decreased unemployment in a recession

Rise in prices resulting from an excess of total spending (demand) over supply

Rise in prices resulting from an increase in the cost of production, irrespective of demand conditions

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Once again consider the demand and supply schedules for Lego sets. Suppose there is an increase in the demand for Lego sets because of a new Lego movie that has just been released at the cinema. The increase in demand for Lego is 750 sets at each and every price. Determine the new demand schedule by completing the table below. What is the new equilibrium price and quantity?  

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Given the increase in demand in Question 11, in what direction will the demand curve shift? Explain why. Which of the following charts (A, B, C or D) best shows what is happening in the Lego market?  

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Consider the following demand curve for energy bars. Calculate the price elasticity of demand (PED) if the price increases from $1.50 to $2.00 (you can use approximate quantities obtained from the chart). Is the PED for energy bars elastic or inelastic? Explain why.

What is the most important role of a manager and why? What key decisions do managers make to reinforce their effectiveness in that role? Please provide real life examples or draw upon managerial examples you admire from your research or readings.

Looking at the East Asian economic development models,

(1) what is there challenges to overcome?

(2) Policy recommendation that EA countries can be more economically developed

Using the AS-AD model, show how the following events will impact real GDP and price level in Canada:

1)   USA is a big purchaser of Canadian goods and there is a boom in the U.S. economy

2)   The Canadian exchange rate goes up (i.e. CAD dollar becomes stronger)

3)   Due to Toronto Raptors winning the NBA, there is a rise in popularity of Canadian goods in foreign countries

4)   The Indian government reduces trade restrictions on Canadian goods

Discuss the Freedom of Speech of businesses, (commercial speech) on Internet.... What about mass media? Are the fake news freedom of speech?