Questions
4. Assess the motivations of drug companies that do their testing overseas. Do you think test...

4. Assess the motivations of drug companies that do their testing overseas. Do you think test subjects are being exploited or taken advantage of? Under what circumstances, if any, are companies morally justified in testing overseas?

business ethics chapter case 5.2 drug delimas

In: Economics

Assume that domestic demand function for oil is Q=200-P and the domestic supply function is Q=-20+P....

  1. Assume that domestic demand function for oil is Q=200-P and the domestic supply function is Q=-20+P.
  1. Calculate the perfectly competitive equilibrium quantity and price.
  2. Calculate the consumer surpluss and the producer surpluss at perfect competition.
  3. The country opens up for trade and the world price for oil is only $50. How much oil will be imported?
  4. Calculate the consumer and producer surpluss and deadweight loss/gain (compared to no trade) under free trade.
  5. Assume that the government imposes $10 per unit tariff on imported oil. How much oil will be imported?
  6. Calculate the consumer and producer surpluss and deadweight loss/gain (compared to free trade) under tariff policy

In: Economics

Macropoland, a country that is a natural gas and oil importer, has a natural rate of...

Macropoland, a country that is a natural gas and oil importer, has a natural rate of unemployment (at the full employment level of GDP) that is about 4.5%, and the long run average rate of inflation over time has been about 2%. However, during the period 1973-1974, the country experienced an inflation rate of about 15% while simultaneously experiencing unemployment of nearly 13%.

At the present time, Macropoland is experiencing very sluggish consumption and investment (a result of a fall in the housing market), and unemployment has again edged up to around 9%. Inflation is very low at 0.4%.

Macropoland has just hired you as their economic advisor. You have a big job ahead of you. Using your knowledge of aggregate demand and aggregate supply, can you explain what happened in these two time periods?

Develop a response that includes examples and evidence to support your ideas, and which clearly communicates the required message to your audience. Organize your response in a clear and logical manner as appropriate for the genre of writing. Use well-structured sentences, audience-appropriate language, and correct conventions of standard American English.


In: Economics

write a conclusion based on international business correspondence

write a conclusion based on international business correspondence

In: Economics

Suppose that producing a bicycle generates no environmental degradation, while buying and riding a bicycle (consumption)...

Suppose that producing a bicycle generates no environmental degradation, while buying and riding a bicycle (consumption) help reduce greenhouse gas emissions. In contrast, producing, buying and driving a car do generate greenhouse gas emissions. Based on this information, for each economic activity, first discuss whether there is externality and what type of externality it is and explain why (e.g., production/consumption of cars/bicycles leads to positive/negative/no production/consumption externality because … … …). When explaining your reasoning, make sure you relate your specific answer to the definition of externalities. Then, for each economic activity given above (e.g., production/consumption of cars/bicycles), compare private costs and benefits with the true cost and benefit to society

In: Economics

Give one example of a government-imposed price control and explain: how it works, a situation in...

Give one example of a government-imposed price control and explain:

  1. how it works,
  2. a situation in the marketplace in which you have seen it occurring, and
  3. what effects you see.

In: Economics

WHAT IS THE MEANING OF SUSTAINABLE DEVELOPMENT? WHAT WOULD THIS CONCEPT ENTAIL IN TERMS OF PRACTICAL...

WHAT IS THE MEANING OF SUSTAINABLE DEVELOPMENT? WHAT WOULD THIS CONCEPT ENTAIL IN TERMS OF PRACTICAL POLICY FORMULATION AND IMPLEMENTATION? HOW COULD IT BE APPLIED IN THE MANAGEMENT OF AND AS A SOLUTION TO, ENVIRONMENTAL PROBLEMS AND CHALLENGES FACED BY CANADA?

In: Economics

The Malaysian economy has gone through structural transformation, explain the transformation steps of Malaysian economy from...

The Malaysian economy has gone through structural transformation, explain the transformation steps of Malaysian economy from being agricultural economy to manufacturing as the engine of economic growth and to the service sector as the engine of economic growth in terms of macroeconomic variable conurbation of every sector to the Gross Demotic Product (GDP), employment generation exports and valued added.

In: Economics

). Use incremental analysis to compare the two project options shown below. The number of periods...

). Use incremental analysis to compare the two project options shown below. The number of periods is 10 and the MARR is 7%

Option A

Option B

A-B

Initial Cost

$275,000

$195,000

Annual Benefit

$35,000

$25,000

Salvage Value

$60,000

$50,000

  1. Use NPW analysis to determine the internal rate of return for the incremental cash flow (15 points).
    1. Calculate the incremental cash flow and show your results in the column provided above.
    2. Write an equation for NPW for the delta column.
    3. Solve for NPW of the delta column using a variety of interest rates. Tabulate your results. Continue solving for NPW until you find the two particular interest rates (using the interest tables in the back of your textbook) where one interest rate yields a negative NPW and the interest rate on the next page yields a positive NPW.
    4. Based on the results from part iii, state the range of interest rates for ∆IRR. For example, x% < ∆IRR < y%.

Determine which option should be selected, based on the incremental analysis. State why (

In: Economics

A_How economic development can impact trip generation? Sketch the relationship between them (write between 100-150 words)   ...

A_How economic development can impact trip generation? Sketch the relationship between them (write between 100-150 words)                            [10 marks]


B_What are the major elements in calculating the future trips and why it’s important to have the number of trips (write between 50-100 words)


In: Economics

Use the standard trade model to show how export-biased growth lowers a country's terms of trade....

Use the standard trade model to show how export-biased growth lowers a country's terms of trade. Using two diagrams of the country's PPF, show how the export-biased growth can lead to either an increase or a decrease in the welfare of the country.

In: Economics

which of the following government policies is the new classical response to an economic recession? a....

which of the following government policies is the new classical response to an economic recession?
a. adjust the minimum wage higher
b. terminating labor unions
c. increase in government spending

In: Economics

Think about the products or services you use. You can also think of a particular store...

Think about the products or services you use. You can also think of a particular store like Wal-Mart or Target. Choose one and talk about their marketing tactics. What makes you purchase the good or service? How do they advertise? Do they have misleading marketing? How are you personally being marketed to? Please respond in 250 words.

In: Economics

Table 9-10 Product Quantity (2013) Price (2013) Expenditure (2013) Price (2018) Expenditure (on base year quantities)...

Table 9-10

Product

Quantity (2013)

Price (2013)

Expenditure (2013)

Price

(2018)

Expenditure (on base year quantities) (2018)

Computers

1

$1,200

$1,200

$900

$900

Books

10

25

250

30

300

Burgers

50

   3

150

     4

200

    Total

$1,600

$1,400

38) Refer to Table 9-10. Suppose an economy has only three goods and the typical family purchases the amounts given in the table above. If 2013 is the base year, then what is the CPI for 2018?

A) 14.3

B) 87.5

C) 114.3

D) 160

39) The broadest measure of the price level that includes all final goods and services in the GDP is

A) the producer price index    .                      

B) the consumer price index.

C) the GDP inflator.

D) none of the above.

Table 9-7

Year

CPI

2017

173

2018

180

40) Refer to Table 9-7. Suppose that the data in the table above reflect price levels in the economy. What is the inflation rate between 2017 and 2018?

A) 2.9%

B) 3.5%

C) 4.0%

D) 5%

E) 7.5%

41)Which of the following can explain why some countries have not experienced relatively high growth rates in real GDP per capita despite relatively low initial levels of real GDP per capita?

A) Many of these developing countries do not have a functioning court system that can enforce laws.

B) Countries that are relatively poor are more likely to experience wars and revolutions.

C) Countries that are relatively poor are likely to have a lower quality of health care.

D) none of the above

E) all of the above

In: Economics

How much money can Bank A create by making loans? How much money can the banking...

How much money can Bank A create by making loans? How much money can the banking system as a whole create? Show your detailed calculation. What can you say about the relationship between the required reserve ratio and money creation? Why do some banks hold a part in excess reserves instead of loaning all excess reserves out? What are some other ways that banks may use a portion of their excess reserves?

In: Economics