1. How much is the overall GDP contribution of the uber ? Which part of the GDP does the event affect (C, I, G or NX)? Explain the expected effects on GDP (whether increase or decrease).
2. Will the event increase or decrease unemployment? Discuss the impact on the economy. {regarding uber

The title "How Monetary Policy Changed in Australia on 18th March 2020".

Could you please explain briefly, but clearly and correctly how the RBA managed the cash rate before 18th March, and what has happened since then? (In Australia)

economics is broken into two fields: microeconomics and macroeconomics. Most issues fall in one or the other; however, the COVID-19 virus has implications for both. Limiting your discussion to the U.S., explain why it touches on both microeconomics and macroeconomics and use specific examples to support that position. I recommend beginning with a distinction between the two fields and then proceeding.

• What are the possible effects from making these types of changes to either government spending or taxes?
• Give an example of a discretionary fiscal policy action you have seen taken in the past and why you felt that action was taken.
• please use mla format to cite

Refer to the scenario below to answer the following question(s).

Carol Veldt, owner of Seagull Terrace, watched her investment grow from a small, seaside motel to a thriving year- round resort in just a few years. Atop a cliff overlooking the Maine coast, Seagull Terrace had attracted thousands of visitors during summer, but then faced a tremendous downturn in business during winter. "But, given the established industries in the nearby towns, very little year- round competition, and our close proximity to Portland," Carol added, "I couldn't understand why seasonality had to hit Seagull Terrace so hard!"

So Carol spent her first winter devising a new marketing plan. She put together a promotional package designed to attract business travelers year- round. Carol's plan also involved a seasonal promotional gimmick to be implemented from early winter to late spring that would attract the same numbers as the large summer crowd. Her idea worked! During her second winter, Carol greeted numerous business travelers both satisfied repeat guests as well as new guests who had been snagged by her promotional appeals.

"We still have a long way to go," Carol admitted. "Our delicatessen offers entrees that are a part of the local cuisine, but we'd like to expand that. We provide health club privileges off- site, but we'd like to eventually provide our own. These are goals I hope to achieve in a few years. Our first project, however, included a renovation of our guest rooms and I'm quite proud of the results." Carol then added, "Actually there are so many possibilities. With an indoor pool area, I will eventually offer weekend getaways throughout winter."

23. Carol Veldt has decided to ask selected guests to participate in an extensive survey about their experience at Seagull Terrace and about their requirements in terms of amenities and cuisines. By implementing the suggestions, she receives from guests, Carol would be following the ________ concept.
    1. marketing
    2. product

23. 3. societal marketing
    4. selling
    5. production
24. Which of the following is true with regard to a market segment?             
    1. Dividing the market into segments decreases the efficiency of the selling process.
    2. Very few markets have segments.
    3. A market segment consists of consumers with dissimilar needs and preferences.
    4. Dividing the market into segments reduces composite demand.
    5. A market segment consists of consumers who respond in a similar way to a given set of marketing efforts.
25. Which is NOT part of the company environment that influences marketing decisions?

A) manufacturing

2. engineering
3. retailers
4. accounting
5. sales

1. A nondiscriminating monopolist earning positive short-run economic profit determines that its current marginal cost is $15 and its current marginal revenue is $20. To maximize profit, a firm should

		raise price and increase output
		raise price and decrease output
		maintain a constant price and increase output
		reduce price and increase output
		shut down

2.

A monopolist maximizes profit at the quantity where the slope of its total revenue curve equals the slope of its total cost curve.

		True
		False

3.

A monopolist's demand curve

		is horizontal at the market price
		lies above its marginal revenue curve
		is the same as its marginal cost curve
		indicates that the firm must raise price to sell additional units
		lies above the marginal cost curve at all levels of output

4.

A monopolist faces an upward-sloping marginal cost curve. Its profit-maximizing quantity will be

		at the minimum point of the marginal cost curve
		less than the (total) revenue-maximizing quantity
		equal to the (total) revenue-maximizing quantity
		in the unit elastic segment of the demand curve
		in the inelastic segment of the demand curve

5.

A monopolist maximizes total revenue at the quantity where marginal revenue equals zero.

		True
		False

6.

A natural monopoly results when a firm has

		a license
		a patent
		official approval to produce a product
		decreasing average costs over the range of market demand
		exclusive use of a natural resource

7.

A monopolist has no supply curve because

		as demand changes, each output level can be consistent with more than one profit-maximizing price
		monopolists tend to restrict output
		monopolists have no marginal cost curve
		monopolists can charge any price they want
		as demand changes, the firm's profit-maximizing choice of output may change

8.

A profit-maximizing monopolist

		never produces on the inelastic portion of the demand curve because it can increase profit by increasing output
		never produces on the inelastic portion of the demand curve because marginal revenue exceeds marginal cost
		always produces on the inelastic portion of the demand curve
		never produces on the elastic portion of the demand curve because there are no substitutes for the good it produces
		never produces on the inelastic portion of the demand curve because marginal revenue is negative there

9.

A monopolist is

		one of a large number of small firms that produce a homogeneous good
		one of a small number of large firms that produce a differentiated good
		a single seller of a product with many close substitutes
		one of a small number of large firms that produce a homogeneous good
		a single seller of a product with no close substitutes

10.

A monopolist's marginal revenue curve is flatter than its demand curve.

		True
		False

11.

A monopolist's supply curve is the portion of its marginal cost curve above average variable cost.

		True
		False

12.

A perfectly discriminating monopolist converts every dollar of producer surplus into economic profit.

		True
		False

13.

A monopolist's demand curve is

		its marginal cost curve
		its marginal revenue curve
		identical to the market demand curve
		the same as the demand curve of a firm in perfect competition
		nonexistent

14.

A firm facing a downward-sloping demand curve sells 50 units of output at $10 each. The firm's marginal revenue is

		$500
		more than $10 but less than $500
		$10
		less than $10
		zero

15.

A natural monopoly is based on economies of scale.

		True
		False

16.

A monopolist's short-run supply curve is

		its average fixed cost curve
		the part of the marginal cost curve above the average variable cost curve
		the part of the marginal cost curve below the average variable cost curve
		nonexistent
		its demand curve

17.

A monopolist maximizes profit at the quantity where its total revenue curve equals total cost.

		True
		False

18.

A monopolist price discriminates by

		charging different buyers different prices for different products
		charging different buyers different prices for the same product
		selling at a price below average total cost
		selling at a price below marginal cost
		selling at a price above marginal revenue

19.

A monopolist that engages in perfect price discrimination

		divides all buyers into two mutually exclusive groups
		refuses to sell to consumers of certain races, sexes, or creeds
		charges the same price for every unit sold
		charges a different price for every unit sold
		charges buyers who want a little of the good a low price and charges buyers who want a lot of the good a high price

20.

A monopolist has complete control over both price and quantity of output.

		True
		False

21.

The demand curve facing a monopolist

		is kinked at the market price
		is perfectly elastic
		lies above its marginal revenue curve
		lies below its marginal revenue curve
		is the same as its marginal revenue curve

22.

A major fruit juice manufacturer failed in its attempt to engage in price discrimination between students and all other consumers. What is a possible explanation for this failure?

		There was nothing to prevent the students from reselling the fruit juice to other consumers.
		The fruit juice manufacturer produced in a perfectly competitive market.
		The two groups of consumers probably have the same demand elasticity for fruit juice.
		The cost of producing the product is relatively high.
		Demand for fruit juice is probably inelastic.

23.

A monopolist

		can charge whatever price it wants
		charges more than almost any consumer is willing to pay
		is constrained by marginal cost in setting price
		is constrained by demand in setting price
		always earns an economic profit

24.

A price searcher is any firm that has no control over price and must accept the market price as given.

		True
		False

25.

A monopolist earning short-run economic profit determines that at its present level of output, marginal revenue is $23 and marginal cost is $30. Which of the following should the firm do to increase profit?

		Raise price and lower output.
		Lower price and lower output.
		Raise price and raise output.
		Lower price and raise output.
		Lower output but leave price unchanged.

The United States economy is currently operating above the full employment level of GDP.

1. Draw a correctly labeled AD/AS graph for this economy showing equilibrium output and price level.
2. Identify an open market operation that the Federal Reserve could enact that will solve the problem.
3. Show and Explain how the policy you identified in (B) will affect each of the following in the short-run.
   1. output and employment
   2. price level
   3. nominal interest rates
4. If the interest rates you identified in (C) continued, explain what will happen to the following:
   1. U.S. financial assets
   2. International value of the dollar

This is our last discussion of the quarter, it's about the Currency Exchange and its effects on the macroeconomics:

1) Compared to Three (3) other currencies such as Canadian, Euro, China, and Japan (or other currencies you have interest in), please find out if the US Dollar currency has appreciated or depreciated since one year ago?

2) What are the effects of the appreciated/depreciated US dollar to the economy of the United States? State two positive effects and two negative effects.

Imagine the following hypothetical situation. Two firms, Super Chic Farm and Fortune Poultry, have become the only suppliers of fresh chicken meat in Singapore. Both firms are seeking to increase their profits and are considering entering into illicit price collusion by agreeing to charge artificially high prices. Such a practice is illegal and risks heavy fines. Analyse the interaction between the two firms using game theory. Present a payoff matrix to model the situation and analyse it for Nash equilibrium. Which is the best outcome for each firm? Which is the best outcome for society as a whole? What can be done by the firms or government to make society’s best outcome more likely?

1. Explain what the gravity model of trade predict are the major predictors of trade flows between countries. Discuss how this model helps to explain trade flows using three of its leading trade partners as examples.

Consider the predictions of the HO model and the Ricardian model of trade with regard to overall gains from trade, specialization, and distribution of income generated.

1. Explain the Leontief paradox. Make sure to explain why it is a paradox. Provide at least

   three explanations for this paradox.

Based on your research, why did the colonists end up declaring their independence from Britain? Trace the series of events, from the French and Indian War to the Battles of Lexington and Concord. Include details of at least four events in a paragraph of five to seven sentences.