explain how can different personality attributes shape policy decisions by different leaders?

Use a two country supply and demand diagram to illustrate how, starting from completely free trade, a tariff on wool blankets affects both the domestic and foreign markets for blankets. Label the important geometric areas in your diagram and explain how the tariff changes the consumer and producer surpluses in both countries as well as the well-being of other relevant groups.

Discuss the benefits and costs of FDI from the perspective of a host country and from the perspective of the home country. Describe some of the home country policies that encourage outward FDI. What are the ways in which host governments restrict inward FDI?

Please show work and use the actual equations, not excel ones.

An RV manufacturer estimates that annual profits will increase if a mobile model is built and taken to trade shows to market their product line. A finance and engineering team has looked at the issue and has developed to options:

1.) A large model can be developed at a cost of $75,000, and it should increase annual profits by $25,000 per year.

2.) A small model can be developed for $40,000, but it will only increase annual profits by $14,500 per year.

The salvage value for the large model is $6000 more than the small model after their common useful life of 6 years, and it costs $1,500 more a year to transport to the trade shows. The manufacturer uses an interest rate of %18. Use an annual worth comparison to make a recommendation on which, if either, option should be chosen.

List and Explain the three tools the Fed has at its disposal to change the money supply and therefore change interest rates.

The bank of Jamaica states that inflation is under control in the country.

1. Discuss the concept of inflation and identify its relationship if any to unemployment/employment.
     
2. Assess the ability of the central bank to control inflation.

You need to obtain the country-level data for Argentina and El Salvador on:

i. Imports of goods and services (in current US$)

ii. Exports of goods and services (in current US$)

iii. GDP (in current US$)

iv. GDP per capita (in current US$)

v. GINI Index (World Bank estimate) from the World Bank's World Development Indicators.

Q1. Using trade flows in your data, calculate openness as a percentage for Argentina and El Salvador and present them for each year for both countries as a table. You need to explain your method, namely, how you calculated openness using trade flows (write down the formula). In addition, you need to state what other alternative ways you could have adopted to calculate openness other than using trade flows.

Q2. Using the calculations you did for openness in Step 1, plot openness (as a percentage) against time (1998-2014) for both countries (Argentina and El Salvador) in a single graph (as a chart type: you are required to use line graph). Put openness (as a percentage) on the vertical axis and time on the horizontal axis. Explain and compare briefly how openness changes for these countries over time. Make sure you limit your explanation to 200 words.

1. Suppose that you are interested how education effects fertility decisions of women.

a. Carefully describe the simple linear regression model relating fertility to education. You will have to define variables denoting the number of children ever born to a woman, and denoting years of education for the woman. [3 points]
b. What are some of the other determinants of fertility decisions? Are these likely to be correlated with the education? Explain how. [3 points]
c. Will your linear model in part a recover the causal effect of education on fertility decisions of a woman? [3 points]

1. List and explain the different approaches to the trade cycle.
2. Which one do you find more helpful explaining the trade cycle? Why?
3. Pick one of the 16 points from the Austrian theory of the trade cycle and relate it to recent economic events in the macro economy.
4. What difference could this information make when you apply them to your daily life and career?

Determine whether the statements below indicate the market is perfectly competitive or monopolistically competitive.

1. Firm A is one of many firms in the industry producing the exact same product as their competitors.

• Perfectly Competitive

• Monopolistically Competitive

2. Firm B charges the market price for their product after unsuccessfully trying to increase it.

• Monopolistically Competitive

• Perfectly Competitive

3. Firm C offers a product that is faster than their competitors allowing them to charge a higher price.

• Perfectly Competitive

• Monopolistically Competitive

Question 1

Explain, in words and on a graph, how a fiscal stimulus works in a Mundell-Fleming model with a fixed exchange rate. Is this effective fiscal stimulus policy?

Question 2:

Explain, in words and on a graph, how a fiscal stimulus works in a Mundell-Fleming model with a floating exchange rate. Is this effective fiscal stimulus policy?

The U.S. (Home country) and Japan (Foreign country) are trading with each other in the auto industry. Both are large countries in this market for cars. The U.S. imports cars from Japan.

The U.S. demand curve for cars is given by:             D =210 – 30P

The U.S. supply curve for cars is given by:        S = 30+ 30P

Japan’s demand curve for cars is given by:        D* = 50 – 10P

Japan’s supply curve for cars is given by:           S* = 30 + 10P

Answer the following questions.

The U.S. imposes a tariff of $1.50 per unit on car imports.

1. Compute the new world price of cars.
2. Compute the new domestic price of cars (tariff inclusive price of cars) in the U.S.
3. After the tariff is imposed, compute the new quantities of supply, demand, and imports for the U.S.
4. After the tariff is imposed, compute the new quantities of supply, demand, and exports for Japan.

Why would a firm research the marketing infrastructure of a foreign market prior to entry?
a. To quantify the potential demand for the firm's products or services.

b. To determine whether its prices will be competitive.

c.Marketing infrastructure is more of a concern of the local partner so research ahead of market entry would generally not be required.

d.To better understand the wholesale and retail sectors, local marketing regulations, and distribution options.

e. Primarily to understand the role of the media including TV, print, and Internet.

Why does economic development often coincide with rapid rural -urban migration? Discuss the problems to development created by rapid rural-urban migration