Explain “impossible trinity” or “trilemma”? How do you locate CBRT (Central Bank of the Republic of Turkey) ? Please put your reasonings?
In: Economics
22-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.
In: Economics
Describe how forwards, futures, options, and swaps can be used to hedge your foreign risk.
In: Economics
In: Economics
Consider an individual who allocates his total hours of work per week between the household and a competitive market. The available total number of hours of work is fixed at 50 per week. In the market the wage (w) is equal to the value of marginal product of labour. The value of marginal product of labour in the market (VMPM) and the value of marginal product in the household (VMPH) are given by the following equations:
VMPM = 100 - LM
VMPH = 80 - 2LH
where LM is the number of hours worked in the market and LH is the number of hours worked in the household
a) Find the number of hours worked in the market and the household per week, in absence of any taxes.
b) Suppose that a 20% tax is levied on wage in the market. Find how the hours worked in the market and the household change after the tax. What is the excess burden of the tax?
In: Economics
In: Economics
(a) Using an appropriate diagram Illustrate and explain the welfare effects of a unit tax on a commodity within the framework of indifference curves analysis
(b) Illustrate on the same diagram, the welfare effects of a lump-sum tax that generates the same amount of tax revenue as in (a). (1.5 marks)
(c). Are the welfare effects the same? Is any of the taxes efficient? Explain why or why not. (1.5 marks)
In: Economics
Market demand and supply for a commodity are given by the following equations:
Demand: X = 30 – (1/3) P
Supply: X = -2.5 + (1/2) P where X= quantity (units), and P=price per unit ($)
Suppose that the government is planning to impose a tax on this commodity and considering the following two options:
Option 1: A unit tax of $15 Option 2: An ad valorem tax of 20%
a) Find the tax incidence on buyers and producers, and the tax revenue of the government under each the two options
b) Compare the two options in terms of their welfare costs
In: Economics
Describe 3+ techniques you would use to tell someone bad news, in a sensitive way (e.g. family, friends).
In: Economics
4. EFG Manufacturing has a product that sells for $15 per unit, and the marginal cost is $5.00.
a. Compute the Lerner index for EFG Manufacturing.
b. If this index indicates market power, under what condition(s) will this market power last in the long-run? Explain.
In: Economics
Explain the difference deemed appropriate for government intervention in addressing the state of the economy between Keynesian and Classical theorists. Do they have a sharply different perspective on the role of the government and if so what are the positions of each group regarding using government intervention to affect the state of the economy.
Were the actions taken thus far by the federal government to address the dire impact of Covid19 on the state of the economy more Keynesian or Classical in principle? What is your personal opinion as to the actions that have been, and will be, taken by the federal government to address the state of the economy?
In: Economics
you are the curator of a museum. the museum is running short of funds, so you decided to increase revenue. should you increase or decrease the price of admission? explain
In: Economics
Find a current event on a social issue. .
Summarize the article and right your thoughts and opinions on the article. Minimum 1 page tyepd.
note : your paper will submit on 'turnitin'
In: Economics
Using the aggregate demand and aggregate supply model, explain what changes occurred during the Great Depression in the 30’s.
In: Economics
i need one or two pages of this paper.
What are the current events for your social issue
note: this paper are going to put in 'turnitin'
thats mean less coppy and paste would be great
In: Economics