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:
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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 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 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 |
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)
[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. 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
In: Economics
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) (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
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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
THIS WEEKS TOPIC: macroeconomics perspective.
gross domestic product (GDP)
i need to post 1 question about the material covered in class this week. this weeks lecture notes were on: macroeconomics perspective &
gross domestic product (GDP).
cannot ask exam/ quiz style questions. i need to ask questions that will help me or someone get a better understanding of the material. something i may need clarification on, etc.
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What are the differences in business between the 1970s and today? Social responsibilities and and ethics wise?
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Growth stocks have outperformed value over recent years. However, value has shown to perform better over long periods of time. Is that the case now?
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Suppose the production function of PowerGuns Co. is given by Q = 25LK
where Q is the quantity of guns produced in the month, L is the number of workers employed, and K is the number of machines used in the production. The monthly wage rate is $3,000 per worker and the monthly rental rate for a machine is $6,000. Currently PowerGuns Co. employs 25 workers and 40 machines. Assume perfect divisibility of labor and machines.
What is the total cost of the current production of PowerGuns in a month? What is the average cost to produce a shooting gun? Assuming the number of machines does not change, what is the marginal cost of producing one additional gun?
What is the law of diminishing returns? Does this production display this characteristic? Explain.
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