Do you think that developing nations would should focus on improving their education system before large scale economic projects?

In an enquiry in to the wealth of nation by Adam Smith. How did Adam Smith reconcile the pursuit of individual self-interest in free markets with the attainment of socially beneficial outcomes? explain using between 900-1000 words

the benefits of lowering interest rates would be to raise the investment in residential houses. Do you think there could be a risk to this of inflating housing prices like we saw happen in the first half of the 2000s.

1. Compute the price elasticity of demand if price increases from $10 to $12 and quantity demanded falls from 600 to 400. Use the value obtained and a specific example to determine whether price must be increased or decreased to increase total revenue. Explain why. Note: Explain only how to increase total revenue, not decrease it.

​​The Credit River has two polluting firms on its banks. Plants A and B each dump 100 tonnes of effluent into the river each year. The cost per tonne of reducing emissions is $20 for plant A and $100 for Plant B. The government wants to reduce overall pollution from 200 tonnes to 50 tonnes.
a. If the government knew the cost of reduction for each firm, what reductions would it impose in order to achieve its overall goal at the least possible total cost? What would be the cost to each firm, and the total cost?
b. If, in the absence of information about each firm’s costs, the government decided to reach its overall goal by imposing uniform reductions on the firms, what would be the cost to each firm, and the total cost?
c. Compare the total costs in parts a and b. If the government does not know the cost of pollution reduction for each firm, is there still some way to reduce pollution to 50 tonnes at the total cost calculated in part a?

Identify and discuss the store's target market and the specific product, price, integrated marketing communications and distribution decisions the management has made to develop marketing mix.

A country which does not tax cigarettes is considering the introduction of a $0.40 per pack tax. The
economic advisors to the country estimate the supply and demand curves for cigarettes as:
QD = 140,000 - 25,000P QS = 20,000 + 75,000P,
where Q = daily sales in packs of cigarettes, and P = price per pack. The country has hired you to provide
the following information regarding the cigarette market and the proposed tax.
a. What are the equilibrium values in the current environment with no tax?
b. What price and quantity would prevail after the imposition of the tax? How much do buyers now pay?
How much do produces receive?
c. How much revenue is raised by the tax?
d. Calculate the deadweight loss from the tax.
e. Based on your answer in (b), is supply or demand more elastic? Explain.

1. Why is a minimum wage such a popular government policy in most countries? Use your understanding of supply/demand analysis to explain the advantages of the minimum wage and the disadvantages of the minimum wage. Provide a graph to illustrate your answer. Be sure to use your graph and the laws of supply and demand to answer the question, not public opinion.

Conducting Monetary Policy

1. (.5 marks) Should the Central Bank increase or decrease the discount rate to get the economy to full-employment output? For full credit, please describe the timeline of events / channel (what happens to relevant curves in money market and AD-AS model in a sequential manner).

1. (1.5 marks) The Central Bank decides to increase reserve requirement to 40% in order to close the output gap / get the economy to full-employment output. On the AD-AS graph, please draw which curve shifts and in which direction. Also, please draw what happens (shift/movement of any curve) in the money model graph too.

1. (.5 marks) To conduct Open Market Operations to follow an expansionary monetary policy, should the Central Bank buy or sell Treasury bonds? Justify / describe the channel of how the procedure works (Open Market Operations).

Sahar is a lecturer of a large class of economics students. Sahar can’t stand being ill and so decides to get a flu vaccination. On the other hand, some of Sahar’s colleagues decide to skip their vaccinations because they are too busy. Do the lecturers’ decisions on whether or not to get vaccinated affect their students and if so how? Describe any market failures that arise from this situation. Describe how the government can address any of these market failures. What are some of the potential downsides to government intervention in this case?

1. Explain fully the difference between an increase in demand and an increase in quantity demanded. Be sure to explain increase, not change or decrease. Provide at least four reasons for an increase in demand. Use appropriate graphs to illustrate your answer.

Answer the following questions completely.

What has generally been associated with intensifying the worldwide depression?

Domestic content legislation applied to autos would tend to do what?

1. Explain the concept of income elasticity of demand. How is it used to identify normal goods, luxuries, necessities, and inferior goods? Be as specific and logical as possible.

Consider the following open economy in which the real exchange rate is fixed and equal to one. Saving, investment, government spending, taxes, imports and exports are given by:

S = −156+0.18Y

I = I and G = G (have a horizontal line at the top of two letters on the right side.)

T = T0 +0.1Y

Q = q1Y and X = X

where T0 is the level of autonomous taxes, and q1 is the marginal propensity to import. Let define the budget balance, BB, and net exports, NX, by:

BB = T−G

NX = X−Q

Assume that we know the values of I, BB and NX.

Solve for equilibrium income in terms of I, BB and NX. (Hint: you may rearrange the equilibrium condition to have in it the budget deficit and net exports)