Read through the paragraph below. Afterward, create a thread in the discussion forum and in it, explain why the cope of coronavirus-induced economic downturn is worse than any recessions in the past?

Federal Reserve Chairman Jerome Powell urged the White House and Congress to spend more money to ensure their initial response to the coronavirus-induced economic downturn isn’t squandered. “There is a growing sense that the recovery may come more slowly than we would like…and that may mean that it’s necessary for us to do more,”. He warned that, with revenues depressed for longer, waves of business bankruptcies could follow, risking a much slower pace of improvement in the job market. “Additional fiscal support could be costly but worth it if it helps avoid long-term economic damage and leaves us with a stronger recovery,” Mr. Powell said. For example, if small businesses that were viable enterprises before the crisis fail, “we would lose more than just that business. We lose something more fundamental,” he said. “And it won’t be able to be replaced quickly.” “The scope and speed of this downturn are without modern precedent, significantly worse than any recession since World War II,” Mr. Powell said. Wall Street journal – May 13, 2020).

The issue of homelessness is relevant to both Microeconomics, Econ 10 B, and Macroeconomics, Econ 10 A. In Micro we discuss at great length the market for rental housing: supply, demand, price and quantity. Many families in America BECOME homeless as a direct result of “free market” forces: their rent rises beyond their ability to pay. In Macro, we discuss the national picture: the millions of jobs involved on a national scale in the construction and sale of residential units: homes, condos, apartments, and ADUs (accessory dwelling units). The San Jose Mercury News reported on June 17 that the city of San Jose is dismantling a temporary homeless site after spending more than $1.3 million repairing dozens of dilapidated state-owned trailers. The article states that “nearly 6,200 people in San Jose don’t have a place to call home and county health officials believe that at least 2,500 of them are at high risk of infection.” Some experts believe the total is much higher than that. San Jose has announced plans to build hundreds of ‘dorm-style’ modular and prefab housing units to serve its homeless population on three locations in the city: A site at Monterey and Bernal roads, a second at Evans Lane, and a third at Rue Ferrari and Highway 101. In EACH AND EVERY CASE, opposition from neighbors has been INTENSE. ‘NOT IN MY BACKYARD!” The city of San Francisco had been spending over $300 million PER YEAR (before March, 2020) to house homeless people and provide other services. Yet, the number of homeless keeps rising. Given the incredible drop in tax revenue---hotel taxes, sales taxes on restaurant meals-----since March, 2020, it is almost impossible to imagine that level of funding staying level. San Francisco has suffered a greater drop in tax revenue than San Jose or Oakland. Obviously, it is not a contest. So, here goes: Question 1. In early March, 2020, our state government announced tentative plans to move homeless people in to college dorm rooms. A. In your opinion, is this idea a good idea? Or a bad idea? Why? B. Would you make this program voluntary for homeless people? Or mandatory? Why? C. How vigorously would you enforce this program? Why? D. What penalties, if any, would you impose on homeless people for non-compliance? Why? E. In theory, what could ‘go wrong’ with the enforcement of this program? What other support services do homeless people require, in addition to housing? F. Moving homeless people into hotel rooms, (combined with support services), which our state has done on an unprecedented level, may be a better idea than moving them into college dorms. Why? G. In your opinion, what more should we be doing as a society to address this issue? Why?

1) Who is responsible for U.S. monetary policy and what are the roles of the Federal Reserve (the Fed), Congress, and the president?

2) What role does the Fed play in our national debt and federal deficit?

3) How is our fiscal policy going to affect future generations?

4) Does government borrowing crowd out private-sector spending? Explain.

5) Do households generally make a distinction between spending for current expenses and spending for capital expenses? Compare borrowing $5,000 to take a vacation in Hawaii with borrowing $125,000 to buy a condominium and move out of your rented apartment. Explain.

6) Critics of “new accounting” for federal borrowing argue that it does not matter what the government spends the money on. What matters is the total amount that the government spends minus taxes collected. Explain this viewpoint.

critique the economic and social effects of advertisement (Pros and cons), citing
credible examples using various sources to support your arguments. Your writing must be
about 600 words.

1.Suppose a firm produce paper using 2 inputs. When input prices are ($8,$10) the firm uses input bundle (10,10). When the prices are ($10,$6) the firm uses bundle (2,18). The amount of output is the same in both case, this behavior is consistent with Weak Axiom of Cost Minimization

True or False?

2.Jimmy's utility function is U = Apple x Banana. The price of apples used to be $4 per unit and price of bananas $1 per unit. His income is $160 daily. If the price of apples decreases to $2 and the price of banana stays the same. In order to be able to just afford his old bundle before prices change, Jimmy's would have to have a daily income of: ______, the substitution effect of the decrease in price of apple leads to an increase in the quantity of apple consumed by: _______,the total effect of the decrease in price of apple leads to an increase in the quantity of apple consumed by: _______

What were the positive effects of the 1988 Basel Accord? What were its shortcomings?

What specific actions did the Federal Reserve take in response to the 2007-2009 financial crisis: i) Using the lender of last resort tool? ii) Using the monetary policy tool?

How did information asymmetries in the home mortgage market contribute to the financial crisis of 2007-2009?

Consider the perfectly competitive market for strawberries at the Davis farmers market.The market’s inverse demand curve isp= 600−20Q. Firms selling strawberries at thefarmers market have marginal cost curveM CP= 20Q. Also assume that, because there isa fixed amount of space at the farmers market, each strawberry sold at the farmers markethas negative social cost (less bread stands!), with a cost of space-taking ofM Cst= 12Q.However, because having stawberries around the farmers market puts buyers in a good mood,there is also a positive externality that strawberry firms receive equal toM Bgm= 2Q(MBis marginal benefit).

A. What are the perfectly competitive equilibrium price and quantity in thismarket?

B. What is the socially optimal equilibrium price and quantity in this market?8

C. Please draw this market, including the following curves—demand, privatemarginal cost, and social marginal cost. Also label the following points—theperfectly competitive equilibrium and the socially optimal equilibrium. Alsoplease label axes and where curves cross axes.

D. What is deadweight loss in this market?

The contribution of Small and Medium Enterprise in Ghana is being acknowledge. It is often said that, the Small and Medium Enterprises are the Engine of Growth. There are , however, certain factors that militate against the Growth and Development of the Small and Medium Enterprises in Ghana. Discuss

IN GOD WE TRUST is the name of their Business Venture Established in May 2018. IN GOD WE TRUST comprises Undergraduate Students from the University of Professional Studies who studied Management of Small and Medium Enterprise. After their National Service they decided to start a Poultry Business. IN GOD WE TRUST overarching purpose for establishing a Poultry Business was to become the leading producers of Quality Poultry Products in the Poultry Industry within their catchment area of Business operation. IN GOD WE TRUST is aware of the uncertainty within the Poultry Business all the same they resolved to go into it. Their opening capital form their own savings stood at GH 45,000.It is their Business Philosophy that the Success of the Business is entirely within their control and external control has insignificant or no impact on their Business Success They have done all the necessary documentation to get the Business registered at the Registrar General Department with the name IN GOD WE TRUST. IN GOD WE TRUST have acquired an acre of land around Dodowa area for the Poultry Business. By July 2018 Business started in Ernest with the aim of making a huge sales during the 2018 Christmas festivities. IN GOD WE TRUST is aware of the fact that potential customers are not homogenous because they have different needs, wants, taste, income level and characteristics. One way by which they can get larger share of the market in the next three to five years is to concentrate more on customers in the middle level income, Small and Medium Scale Restaurants and satisfy their needs, wants, interest and specification of Packaging. Sales will also increase all things being equal if their price offer is the lowest possible (within the Poultry business) in the next three to five years. They agreed to make their offer the lowest possible price to increase sales volume in the next three to five years. IN GOD WE TRUST even though in their first year of operation has identified a controllable tactical marketing tools that it combines to produce the desire response in the larger market With their Knowledge skills and competencies acquired in the Management of Small and Medium Enterprise they were able to prepare a statement showing their financial position as at 31/12/ 2018. One item that is of importance to IN GOD WE TRUST as at 31/12/2018 was their current assets and current liability .The current liability was three times the current assets. IN GOD WE TRUST was alarmed and approached Fidelity Bank for a Loan Facility. The Loan Facility Director of the Fidelity Bank requested that IN GOD WE TRUST furnish them with a written document describing the direction the business is taking, what its goals are, where it wants to be and how it is going to get there, is a fundamental perquisite that is to be satisfied before the loan is granted. IN GOD WE TRUST by the end of February have forwarded all the documents required by Fidelity Bank Fidelity Bank in a letter to IN GOD WE TRUST agreed to provide them with a loan facility to the tune of five hundred thousand Ghana cedis (GH 500,000) at the rate of one percent (1%) interest per annum. IN GOD WE TRUST in their letter of response, have also agreed in principle to all the conditions attached to the loan facility.Additionally, Fidelity Bank agreed to introduce IN GOD WE TRUST to HAMDALLAH POULTRY FARMS that helps new and startup business to develop by providing service such as management training , Business advice and office space. They needed to engage in Market Survey to have an idea of how they can gain entrance into the Market. This they will be able to know the Market players in the Poultry Industry. Another important project that is worth carrying out is to systematically gather information and analyze these information concerning other Poultry Farmers trends and activities within their area of operation, in order to further their Objective. This Project has been very successful and IN GOD WE TRUST is of the view that they stand to gain a competitive advantage within the Poultry industry if they utilize the findings of the Project. IN GOD WE TRUST also want to maximize the advantage of being small to the year 2025 To ensure prudent management of the business financial position for development, growth, sustenance and realization of its profit motives in the short-long term through the deployment of sound financial practices such as effective record-keeping, frequent inventory taking, monitoring of cash coming and going out of IN GOD WE TRUST, other relevant accounting control measures and strategic sourcing and disbursement of funds will be strictly adhered to. From the Case study read above identify the sentence(s) or phrase(s) that indicate each of the concept below and explain 1 Mission Statement 2 Balance Sheet 3 Cost Leadership Strategy 4 Focus Strategy 5 Current Ration/ Working capital Ratio

Price controls can be divided into two opposing categories: Price Ceilings and Price Floors. Lets discuss the need for controls and the effect on the efficient market. What would be the effects of using price controls to intervene in a "well functioning, competitive market"? Who are the "winners and losers" in price floors and ceilings? Give examples.

What was the nation's response to the Holocaust?