Please read the following short case carefully and provide your answer after analyzing question based on the appropriate open market models/diagrams.
Case: Offshore Outsourcing and Imports
Imagine that you are an economist working for the Congressional Budget Office (CBO). You receive a letter from the chair of the Senate Budget Committee:
Dear CBO economist,
Congress is about to consider the president’s request to cut our country’s offshore outsourcing by 50 percent and imports of durable goods by 40 percent. Before deciding whether to endorse the request, my committee would like your analysis. I wonder if you would advise us:
Sincerely
Committee Chair
Please do not plagiarize or copy-paste from other sources.
In: Economics
what would happen in the market for loanable funds if households gain confidence and start spending and drawing down their savings. Show a graph as well
In: Economics
1. Compare the Opportunity Cost of Buying a New Car with the Opportunity Cost of Going to College?
2. How would you relate one to the other or compare and analyze them separately, assuming that they are not mutually exclusive
In: Economics
1A Draw a demand curve and illustrate a change in quantity demanded.
1B. What factor directly changes quantity demanded?
1C. Draw a demand curve and illustrate a change in demand.
1D. What factors cause a change in demand?
1E. Draw a supply curve, S1 and a second supply curve, S2 that represents an increase in supply.
1F. Give three examples that cause supply to increase.
1G. Explain the difference between “change in quantity supplied” and “change in supply”.
In: Economics
Healthcare ecosystem analysis (goal, product, Generic Strategies Grid, Five Forces, providers, types, market share, services, Ecosystem model ). need all the points in the questions
In: Economics
Suppose foreigners lose confidence in the U.S. economy and therefore move to decrease their investments in the United States. Also suppose that the U.S. currently runs a current account deficit.
True or False: The change in the interest earned by foreigners on these investments would decrease the current account deficit.
True
False
True or False: This decrease of foreign investments in the U.S. would decrease demand for dollars and cause the dollar to depreciate.
True
False
In: Economics
Do oligopolies produce an efficient level of output?
In: Economics
Consider each scenario below. Would the economic agent expect a loss or gain from European monetary union? Why?
a. A large automobile manufacturer in Germany.
b. The owners of a small family-run restaurant in a village of France.
c. A large commercial bank in Sweden.
In: Economics
Disaster response and relief about the
Coronavirus.
In essay format, describe how response and relief must be
implemented to prevent the
spread of the coronavirus. Provide practical examples to
substantiate your discussions.
Your discussion must include an introduction, discussions with
headings and a
conclusion. (20)
In: Economics
Given an economy where government is deficit spending while operating at full employment.
In: Economics
Australia's Sticky Unemployment Rate Underscores Reserve Bank of
Australia (RBA)'s Monetary Policy
Challenge
Australia’s jobless rate held above 5% in May despite a surge in
hiring, underscoring the Reserve Bank’s
challenge to drive down unemployment and stoke inflation.
RBA Governor Philip Lowe has made clear that easing monetary policy
is not the ideal path to boosting hiring
and investment, and has urged the government to undertake
structural reforms. The government is trying to
pass tax cuts that is estimated could stimulate the economy.
While the economy added 42,300 roles last month, new entrants were
absorbed by a jobs market that
swelled to a record, the statistics bureau said in Sydney Thursday.
That left the jobless rate at 5.2%, which is
well above the 4.5% level the RBA estimates is needed to revive
price pressures.
The result was further diminished by most jobs being part-time and
fewer hours worked, suggesting a less
robust labour market and likely explaining the currency rate
decreasing. RBA Governor Philip Lowe resumed
cutting interest rates last week after a three-year hiatus as he
bids to spur hiring and return inflation to
target.
Australia’s labour market has shown surprising resilience as hiring
persisted despite weakness across much
of the economy. One explanation is that much of the hiring is
coming from government-related programs
that are unrelated to prevailing economic conditions.
For much of the past year, Australia’s debt-laden households have
cut spending as they grapple with
stagnant wages and watch falling house prices erode their wealth.
Consumption accounts for almost 60% of
GDP and weaker spending has slowed economic growth.
Questions
1. Using a diagram, illustrate and describe Australia’s rate of inflation since 2000.
2. Using examples from the article, explain the following microeconomic concepts.
i. Diseconomies of scale
ii. Negative externalities
In: Economics
For Consumer Behavior (MARKETING COURSE):
Discuss the five key consumption controversies related to marketing and consumer ethics: underage drinking and smoking, idealized self-images, compulsive gambling, obesity, and privacy. Make sure to address the marketing implications associated with these five consumption controversies.
In: Economics
1) Monetary expansion causes the current account balance to increase in the short run. Discuss. Is the same the case for fiscal expansion?
In: Economics
In: Economics