Consider each scenario below. Would the economic agent expect a loss or gain from the 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.

demand equation for haircuts is p=50-1 qd and supply equation is p=20+0.5q.as a result in decrease in income,th demand curve for haircuts shifts,the new demand curve is p=110-qd. graph original demand and supply curves,with original equilibrium price and quantity

Please explain with a graph, how a changing quality is influencing the demand function. Consider two cases (1) the consumers preferring high quality are more affected by a quality change and (2) the consumers preferring low quality are more affected. Please explain the graphs.

Please answer the question ASAP thanks
In view of the success of the B2B enterprise, to analyze the characteristics of the B2B system in the system planning and pattern management, and summarizes the successful elements of the model.

A) What are the principles of tax system design?

B) What is the benefit of imposing GST on food? What are the disadvantages of imposing GST on food?

from the following angles: a. Implication on government revenue b. Implication on health c. Impact on the environment

You deposit $5,000 into an account at the end of year 0. You deposit $5,000 every three
(3) months beginning at the end of year 1 and continuing through the end of year 3.
You also deposit into the account an amount X starting at the end of year 6 and repeat it
every three (3) months for a total of four (4) deposits. You withdraw $112,160 at the
end of year 7. After the withdrawal at the end of year 7, there is no more money in the
account. The account pays 4% compounded quarterly. What is the amount you must
every three (3) months deposit starting at the end of year 6 (value of X)?

Throughout the reading Sandel discusses how markets "mark" and corrupt the goods they convey as well as social norms in the societies they inhabit. What does Sandal mean by “corruption” in these contexts? Do you agree with his argument? Explain why/why not.

In the last decade, the World Trade Organisation (WTO) has arguably had less involvement in creating individual trade agreements as regional trade agreements are becoming more common place. Do you see this shift to regional trade agreements as positive or negative? Do you consider individual trade agreements or regional trade agreements as more important? Justify your arguments and use examples where appropriate.

Word limit-400 words. (should be at least 350 words)

Use at least 1 example.

You have one hour. The system does not accept any file after the deadline. The accuracy of your ideas and the way you structure them will be given more weight than your language proficiency. Use your own ideas and sentences. This is a closed-book exam. Format of the script: handwritten.

QUESTION:

What is the main difference between strict liability and negligence liability in tort? Explain with the help of some examples.

The Office for National Statistics (ONS) in the UK last year proposed a new price index-a CPI that includes housing costs-called the CPIH. The rationale given for this proposal is that

"the biggest cost for most homeowners is the cost of repaying their mortgage. But mortgage interest payments are not included in the CPI, nor are a variety of other costs, such as house depreciation, buildings insurance and ground rent, and house transaction costs such as estate agents' fees, survey costs and conveyancing charges. Council tax is not included in the CPI either."

Briefly evalute this proposal. What are its advantages and disadvantages? How do you think the CPIH would have behaved in the past 5 years relative to the CPI? Would the CPIH be a useful inflation target measure?

On 22 February 2019 Philip Lowe, the Governor of the Reserve Bank of Australia, told the house economics committee:

"I think this country can have an unemployment rate close to 4.5 per cent [as opposed to the commonly assumed 5, or 5.5 per cent] without wage growth causing problems for inflation."

Shortly after, journalist A suggested this is good news for the government. In contrast, two days later, another journalist, journalist B, argued the opposite, that this is bad news for the government, citing the high rate of underemployment in Australia.

a) Which well-known macroeconomic concept is Governor Lowe referring to and what is it called?

b) What arguments would support the two journalists' assessments, respectively? Briefly explain.

c) Briefly explain some of the key characteristics that make the labour market different from, say, the market for chocolate bars?

Neoclassical economists believe that only unanticipated inflation has real effects. Explain this using the AS/AD-framework. In light of this discuss the desirability and feasibility of government stabilization policy.

1. ) Consider an economy described by the following equations:

1. Real Sector                                      b. Monetary Sector

Y=C + I +G                            Demand for Money; r = 100 - M

C = 100 + 0.8 (Y –T)                    Supply of Money : M* = 90

I = 400 – 20 r

G =120

T = 100

Where Y is GDP, C is consumption, I is investment, G is government purchases, T is taxes, and r is the interest rate (%). And M is the stock of money. If the economy were at full employment (that is at its natural rate), GDP would be 2,000.

1. What is current actual level equilibrium level of GDP(Y*)?  

Y* =_____________________

2. What is the marginal propensity to consume (MPC) in this economy? MPC=__0.8______
3. What is the magnitude of Government Purchase’s multiplier effect?__________________
4. Suppose the central bank reduces money supply and reduces money stock from

M*=90 to M**=80. Then what is new equilibrium level of GDP(Y**)? Y**=__________

5. Choose a monetary policy by the central bank to reduce money supply from below:                                                                                         

1. Sell Government bonds (b) reduce required reserve ratio (c) reduce discount rate (d) reduce federal funds rate

    __reduce federal funds rate__________________                      

6. Assuming no change in monetary policy, what change in government purchases would restore full employment?                           

ΔG =________5_______

7. Assuming no change in fiscal policy, what change in interest rate (Δ r) would restore full employment?                                        

Δ r =________________

8. In case of (5), assume that the inrease in government purchases raises the demand for money in (b) monetary sector from r= 100 - M to r = 110 – M. This causes the equilibrium interest rate to rise to a new level (r**) and the investment to be reduced to a new level (I**).                  

Find out r** __________ and I**___________

9. Continuing from (7), the increase in interest rate implies the cost of borrowing will increase and therefore, it will reduce investment which is defined as________________
10. Draw two diagrams (a) The Money Market and (b) The Aggregate Demand Curve below to explain (7) and (8):

1.                                   (b)

What are barriers to entry? How do barriers to entry work?