Suppose a country suddenly faces an unexpected temporary increase in net taxes on households, i.e. T rises temporarily, so disposable income for any given Y drops temporarily. The country has a floating exchange rate for its currency. Use a DD-AA diagram to answer the following (you do not need to show the diagram, but you do need to write in words what happens on it).

a) Indicate and explain any movement(s) of the DD and AA curves that can be observed as a result of this activity.

b) What happens to the exchange rate, E, and national income, Y, as a result? Explain.

What doe Marx mean by the term self valorizing value?

There are many bizarre examples of complements and substitutes in the real world. For example, in
my home ketchup and Kraft macaroni and cheese are complements (everyone else here puts ketchup
on their mac and cheese, which concerns me!).
a. Come up with two bizarre/odd real-world examples of a pair of goods that are complements.
Explain why they are complements.
b. Choose one of those pairs of complements. Draw a consumer’s demand curve for each good (so
two graphs). Suppose the price drops for one of those goods (I don’t care which one, you choose).
What happens in that graph? What happens to the demand for the other complementary good?
Explain.
c. Come up with two real-world examples of a pair of substitutes. Explain how they are substitutes.
d. Choose one of those pairs of substitutes. Draw a consumer’s demand curve for each good (so two
graphs). Suppose the price drops for one of those goods (I don’t care which one, you choose).
What happens in that graph? What happens to the demand for the other good? Explain.

Why do industrialized countries upper hand on developing countries?

please answer in paragraph

Google company- China & Supply Chain Management Risks

1. Has Google been successful in China – why or why not? Utilize as many aspects of the course that have been reviewed to justify your answer. Are the 4Ps of marketing relevant?

1.Discuss the role and function of any large financial institution in the Commonwealth of Dominica as well as THREE impacts that this institution has on the economy of the commonwealth of Dominica, and any financial institution excluding the Central Bank.

2. Discuss THREE monetary strategies currently implemented in Commonwealth of Dominica . (9marks)

3. What are the benefits of the type of monetary policy strategies that instituted mentioned above?   What were the pitfalls in the strategy?

8. Assume the market for gasoline in California can be described by ordinary supply and demand curves. If a $1.00 per gallon tax is placed on gasoline companies, which of the following will likely occur ( note: according to ordinary D & S)?

A. Consumers will pay the full amount of the tax, as the companies simply shift the tax.

B. The tax will be split between consumers and firms.

C. The quantity purchased may not change at all.

D. All the above.     

9. Assume the marijuana market in California can be described by ordinary demand and supply curves. Currently consumption is legal, but production is limited to relatively small quantities by licensed growers. What would happen to the (P, Q) of marijuana if the licenses were dropped and large scale production was allowed?

A. The Q would increase but P is indeterminate because both D and S increase.

B. The P would decline and the Q would increase as the S increases.

C. The P would increase and Q would increase as D would increase.

D. All the above.

10. What is a dead weight loss?

A. A dead weight loss is a loss in consumer surplus whenever a price goes up.

B. A deadweight loss is a loss of producer surplus whenever a price goes down.

C. A deadweight loss is a loss in economic surplus whenever a market is pushed away from its (D and S) equilibrium.

D. All the above.

What makes a monopolistically competitive market different from a purely competitive market or a monopolist?

De Beers, a diamond mining and distribution firm, is one of the most successful monopolies in history. The firm used numerous tactics to successfully control supply and demand. Read the article 'Here's why diamonds are so expensive' (Links to an external site.), and watch the video 'Why engagement rings are a scam' (Links to an external site.) [warning: contains strong language], and respond to the following prompts in a post with a minimum of 250 words. Feel free to bring in additional references to these reply posts. Using economic principles and models, explain how De Beers are able to set high prices for their diamonds? In recent times, rival firms in Canada, Australia, and Russia have found huge deposits of precious stones. What would happen to prices and supply of diamonds if De Beers allowed their competitors to enter the diamond market. Use economic principles and models to explain your answers. In 2004, De Beers was charged by the US Department of Justice for violating antitrust laws. What is the purpose of antitrust laws? What other kind of government policies exist in dealing with monopolies? Now that you have learned about De Beers and the diamond market, would you spend or expect your partner to spend two months of your/your partner's salary on an engagement ring? Explain your answer.

Problem III. Suppose that, in a market of a certain good, there are firms that are engaged in a Cournot competition. The inverse demand function is given by P(Q) = 120 − 6Q, where Q is the total supply of the good. All firms have the same cost function C(qi) = 30qi + 50.

Q7. What is the Cournot equilibrium price of the good when there are N firms in the market?

(a) (30N + 200)/(N + 1) 2

(b) (50N + 120)/(N + 1)

(c) (120N + 50)/N

(d) (30N + 120)/(N + 1)

(e) (120N + 30)/(N + 1)

Q8. What is the profit of each firm at the Cournot equilibrium when there are N firms in the market?

(a) 30[45/(N + 1)2 − 1]

(b) 50[27/(N + 1)2 − 1]

(c) 50[9/(N + 1)2 − 1]

(d) 30[50/(N + 1)2 − 1]

(e) 50[45/(N + 1)2 − 1]

Q9. When there is free entry in this market, what is the number of firms that will compete in this market?

(a) 7

(b) 5

(c) 6

(d) 4

(e) 8

1) Given the following equations:

   QD = 5,000 + 0.5 I + 0.2 A - 100P, and QS = -5000 + 100P

where Q is the quantity per year, P is price, I is income per household, and A is advertising expenditure.

  a.   If A = $10,000 and I = $25,000, what is the demand curve?

b.   Given the demand curve in part a., what is equilibrium price and quantity?

c.   If consumer incomes increase to $30,000, what will be the impact on equilibrium price and quantity?

2) Industry supply and demand are given by QD = 1000 - 2P and QS = 3P.

a.   What is the equilibrium price and quantity?

b.   At a price of $100, will there be a shortage or a surplus, and how large will it be?

c.   At a price of $300, will there be a shortage or a surplus, and how large will it be?