Was the replacement of NAFTA with USMCA good for the american consumer?

Pick a small company (ice-cream shop, restaurant, bookstore, parking structure or ...) and write a short history about the company, major products, and location. Determine the factors that will influence demand for their products (be specific) Determine the factors that will influence supply of their products (be specific) Pick one of their products andeither calculate or speculate about the price elasticity of demand and the income elasticity of demand for that product. Justify your guess about how elastic the demand is with things you know about the product (for example, the demand for a product is likely to be very price elastic if there are many substitutes). Based on your estimate of price elasticity of demand what would you recommend as far as raising or lowering the price to enhance sales? (TR test). Finally, identify some complements and substitutes for the product. How strong do you think the cross-price elasticities are likely to be? Based on what you have written, if you were selling this product, what measures, prices, or data would you try to keep track of if you wanted to predict how your sales might change over time? Explain the nature of cost, fixed and variable, explicit and implicit and sunk cost for your business. Calculate alternative measures of industry structure, conduct, and performance Classify the type of business as competitive, monopolistic, oligopolistic or monopolistic competition. Explain your answer based on the characteristics of each market. As a manager which decision variables are relevant to make more profits for the firm? Is there any particular pricing strategy being used by this Company? ( Like price discrimination, bundling, coupons.)

1. Refer to Table This market will be in equilibrium if the quantity of pizzas supplied per month is
2. Refer to Table If the price per pizza is $6, there is a(n)

3. Refer to Table If the price per pizza is $12, there is an

4. Refer to Table In this market there will be an excess supply of 600 pizzas at a price of

5. Refer to Table If the price per pizza is $3, there is an

6. When there is an excess demand of a product in a market, there is a tendency for price to

On the basis of the following Marginal utility data for products X and Y Assume that the prices of X and Y are $2 and $4 respectively and that the consumer's income is $16.

Refer to the above data. How many units of the two products will the consumer purchase to achieve the equilibrium?

1. What are the main economic frictions in the U.S. real estate market, and how do they impact home sales?

uppose Venezuela can produce petroleum at a lower opportunity cost because of its natural resources, and China can produce clothing at a low opportunity cost because of its population and level of industrial development.

Which statement below regarding comparative advantage is NOT true?

• China has a comparative advantage in clothing production.

• Venezuela can produce clothing at low opportunity cost.

• Venezuela has a comparative advantage in petroleum production.

• China can produce petroleum at high opportunity cost.

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Which statement below regarding monetary and fiscal policy is FALSE?

• If AD increases too much, prices will increase and AD will return to equilibrium.

• The inverse relationship between inflation and unemployment is known as the Phillips Curve.

• Expansionary policy causes AD to shift to the left.

• The situation where unemployment is high and inflation is high is stagflation.

Outline why the culture of a Country might influence the cost of doing Business in that Country. Illustrate your answer with examples.

Consider a Doctor in hebron, his opponunity cost of staying in his clinic is 50 per hour. The clinic weekly rent is 3OO and electrity and other costs is 10/hour. Normally the doctor stay 4 hours in his clinic per day:

a, What is the marginal cost of staying for one more hour?

b. If the Doctor expect 3 patients in the fifth hour and he charge 25/patient , is it sensible 10 stay open for the extra hour? Explain your answer

The economic functions of the public sector are: 1) Legal framework (property rights and enforcement of contracts), 2) Correct for market failure (no, the market won't do it...that's why it's called market failure), 3) provide common and public goods

1. Economists classify all of the following as physical capital, except_______?
a. $20.00 bill
b. Mc Rotunda building where an economics class meets

c. A photocopier

d. A railroad car
e. A factory

The Economics 207 chapter discusses "Market inefficiencies: Externalities and Public Goods"

The 2 part question is:

a) If there is a positive externality associated with a market activity and the government does not intervene to correct for it, what will be the result of the market activity in terms of efficiency...overallocation or underallocation of resources to the market activity? Discuss your answer.

b) If there is a negative externality associated with a market activity and the government does not intervene to correct for it, what will be the result of the market activity in terms of efficiency....overallocation or under allocation of resources to the market activity? Discuss your answer.

Add explain please

1. In the aggregate demand and aggregate supply model, when does the aggregate quantity of goods demanded increase?

a. when the expected price level rises

b. when the dollar appreciates

c. when real wealth rises

d. when the interest rate rises

2. What would cause the real exchange rate of the Canadian dollar to depreciate?

a. the imposition of Canadian government import quotas

b. capital flight from Canada

c. an increase in the Canadian government budget deficit

d. an decrease in the world interest rate

3. According to the aggregate demand and aggregate supply model, in the long run what is the impact of an increase in the money supply?

a. It increases GDP, but it does not change the price level

b. It increases the price level, but it does not change real GDP

c. It lowers both the price level and real GDP

d. It increases both the price level and real GDP

4. How would aggregate demand change if foreign incomes increase and the exchange rate value of the dollar increases?

a. Neither change would affect aggregate demand.

b. The increase in income would decrease aggregate demand; the increase in the exchange rate would increase aggregate demand.

c. The increase in income would increase aggregate demand; the increase in the exchange rate would decrease aggregate demand.

d. Both changes would decrease aggregate demand.

A monopolist is a:

Consider a 2x2 pure exchange Edgeworth box economy. Each consumer is endowed with two units of x and one unit of y. Consumer A has (strictly) monotonic preferences over good x and is otherwise indifferent between any levels of good y. The preferences for consumer B are given by Ub(x, y) = x + 2y. What ratio of prices Px/Py will clear both markets?