Central Appalachia has a poverty rate three times higher than the rest of the United States. Unemployment, prescription drug addiction, and complex family dynamics are some of the challenges these people face on a daily basis. This ABC documentary from 2009 explores the challenges faced by this region of the country. In your posts, please comment on the things that stood out to you. Do you see these problems in your community? What do you believe are some potential solutions to these problems?

Must be at Least 150-200 Words

What is the economic system? what economic system does China follow and why? is socialism benefits for china? what are the pros and cons? essay format.

Private tuition centres are a big industry in Malaysia with over 450 such centres that reportedly serve more than 95% of all college students. Tuition fees can be high and some families pay a lot of money a month to send their children to private tuition. Using the theory and models of market structure, examine this industry. Should the government be worried about any aspect of how an industry with this particular market structure will perform?

a) Define GDP. What does it measure and track? Why do countries report GDP?

b) Suppose you are given the following information about the New Zealand economy, with the values in billions of Dollars. What is the GDP of New Zealand?

Personal consumption $680

Private investment $370

Government expenditure $430

Exports $710

Imports $295

c) Discuss 2 transactions that are not included in the calculation of GDP and provide an example for each.

How to answer to questions below

1. describe the four most common multinational strategies corporations follow based on the pressure they encounter for cost reduction and local responsiveness

2. describe the four different types of structures corporations will have based on their multinational strategy.

3. describe the three main types of attacks corporations will engage in to increase market share.

4. describe the different types of regional economic integration.

QUESTION 1 James mainly sells confectionery items, newspapers, magazines and cigarettes in his convenience store. Noting his small business is not thriving, he thought of selling hot pies and rolls too. Suppose the total cost function for rolls and pies is, TC = 900 + 50Q, Q = (1 + Q2 where Q1 and Q2 denote the quantities of rolls and pies respectfully. If P1 and P, denote the corresponding prices, then the inverse demand equations are: Q1 = 70 – P1 and 0.5Q2 = 100 – P2

REQUIRED:

a) If James decides to charge the same price for rolls and pies per day (that is, P1 = P2), how many of rolls and pies in total should he make in order to maximize the profit of a particular day?

b) If James decides to charge different prices as above for rolls and pies per day (that is, P1 # P2), how many of rolls and pies should he make in order to maximize the profit of a particular day?

c) Which of the above options (a) or (b) is more profitable? Provide the rationale for your answer.

The Turkish Lira fell over 60% against the US dollar since Erdogan became president of Turkey in 2014. Explain how such currency depreciation could lead to stagflation in Turkey. Explain clearly why a country’s currency depreciates when the country faces high relative inflation rates.

“The currency crisis in Turkey is being exacerbated by a skyrocketing annual inflation rate, which by some estimates, exceeds 100 percent. Countries with high inflation rates relative to others tend to see their currencies depreciate.

Over three weeks time, the Turkish lira has plummeted, with selling intensifying into Monday's record low of 7.24 lira per dollar after President Donald Trump on Friday said he would increase tariffs on steel and aluminum originating from Turkey. The escalating tariffs were a direct attack on Turkey's refusal to free jailed American pastor Andrew Brunson. (CNBC, August 14, 2018)”

“Since Turkey suffered an economic crisis of confidence in August – with its currency falling by some 25% that month – emerging markets around the world, from South Africa to Indonesia, have also experienced plummeting currencies and an outflow of foreign investment.

Argentina, which had stabilized after a crisis earlier in the year, has fallen back into emergency mode, increasing interest rates to 60%. Its currency, the peso, has fallen by 45% in 2018 and 24% in August”. (World Economic Forum, September 04, 2018)

One of the main reasons of this capital outflow from countries like Turkey is the fact that the Fed has been increasing the US Interest rate, up to almost 3%. Explain why a higher American interest rate causes an outflow of capital in other countries?

“US oil prices turned negative for the first time on record on Monday April 20th, 2020 after oil producers ran out of space to store the oversupply of crude left by the coronavirus crisis, triggering an historic market collapse which left oil traders reeling.” (The Guardian, April 20th, 2020)

On April 21st, 2020 the US president Donald Trump tweeted: “We will never let the great U.S. Oil & Gas Industry down. I have instructed the Secretary of Energy and Secretary of the Treasury to formulate a plan, which will make funds available so that these very important companies and jobs will be secured long into the future!”

What factors or government policies do you think will help the price of oil to go up?

“US oil prices turned negative for the first time on record on Monday April 20th, 2020 after oil producers ran out of space to store the oversupply of crude left by the coronavirus crisis, triggering an historic market collapse which left oil traders reeling.” (The Guardian, April 20th, 2020) On April 21st, 2020 the US president Donald Trump tweeted: “We will never let the great U.S. Oil & Gas Industry down. I have instructed the Secretary of Energy and Secretary of the Treasury to formulate a plan, which will make funds available so that these very important companies and jobs will be secured long into the future!”

a. Plot the price of oil (crude or brent) for the past 12 months period and explain the decrease in the price by using demand and supply framework.

Show that there is not unemployment in the competitive labor market (You must use graphs) ? And show the implication of the minimum wage law in terms of the unemployment in the competitive labor markets? (You must use graphs)