Western observers of the planned socialist economic systems typically argued that these systems were “distorted.” What does the concept of distortion mean, and why might it be relevant to an understanding of the transition process?

PROMPT:   The  article refers to the ‘theory of competitive harm’ in which a company (like Facebook) can be charged with anticompetitive practices for buying startups ‘that might ultimately unseat them.’

Assuming that the investors in the startup were not coerced into accepting the terms of the buyout transaction and that all elements of proper corporate governance were observed, is there actually a problem with having a large company acquire a much smaller company whose business concept is attractive to the large company?

Personal consumption expenditures $295

Net exports 11

Net foreign factor income 4

Dividends 16

Transfer payments 12

Compensation of employees 273

Rents 14

Taxes on production and imports 18

Statistical discrepancy 8

Undistributed corporate profits 21

Consumption of fixed capital (depreciation) 27

Personal taxes 26

Social Security contributions 20

Corporate income taxes 19

Interest 13

Corporate profits 56

Proprietors' income 43

Government purchases 82

Personal saving 30

Net private domestic investment 33

A. Using the above data, determine the GDP by both the expenditures and the income approaches. Then determind NDP.

B. Now determine NI in two ways: first, by making the required additions or subtractions from NDP (method 1); and second, by adding up the types of income and taxes that make up NI (method 2)

C. Adjust NI (from part B) as required to obtain PI.

D. Adjust PI (from part C) as required to obtain DI.

Explain economically what caused the housing crisis and how this crisis led to the 2007-2009 recession. Critically evaluate, using economic concepts, the federal government’s response to the recession. What changes in policy would you recommend for the future? Explain your recommendations using economic concepts

1. What was Reagan’s vision for the role of government? What was his vision for the economy and how did her carry this out?

Acme Steel supplies metal to two markets: 1 and 2. The market demand is the same in both markets. Specifically, the demand function in market 1 is p₁ = 10 – q₁, and in market 2 the demand function is p₂ = 10 – q₂ . In market 1, Acme Steel (hereafter called A) is a monopolist, whereas in market 2 there is another firm (call it B). Thus, in market 2, p₂ = 10 – q_2A – q_2B , where q_2A + q_2B = q₂ ; q_2A and q_2B are quantities supplied in market 2 by A and B respectively. Assume each firm's marginal cost of production is 0.5. There is no fixed cost.

1. If the two firms play a Cournot game in market 2, how much will A supply in each market and how much will B supply to market 2? What is the price in each market?

.Research topic: ghana's decline in fertility, the influence of education, and fertility preference.

give an in-depth economic analysis about Iceland's optional paternity leave policy. what is has done to decrease the wage gap and how it compares with other European countries?

Under a totalitarian government, the Indonesian economy grew strongly for 30 years. Meanwhile, the economy of the largest functioning democracy, India, performed poorly for decades until recently. Do you think the Indonesian economy grew despite or because of a totalitarian regime? What might explain India’s relatively poor performance under a democratic political system? What do you think you need to know about doing business in either of these 2 regions?

1. International Trade

1. What is the difference between an absolute and comparative advantage? Give an example.
2. What are two ways nations prohibit trade? (Make sure to include the appropriate graphs for both the U.S. and the foreign country) who benefits and who pays for this action?

What are the 4 types of market failure? Explain each and give an example of each

Define network externalities.

What are the main characteristics that distinguish network industries from other industries.

Briefly, illustrate these characteristics.

(1) What is the contestable market hypothesis? What are the assumptions associated with the theory of perfectly contestable markets?

(2) Illustrate graphically that a natural monopoly is a contestable market

Assess the opportunities and challenges that federal healthcare exchanges have created. Compare and contrast the state versus federal exchanges.