Questions
illustrate the “distributional consequences” of trade

illustrate the “distributional consequences” of trade

In: Economics

2. Imagine that Canada is in the New Great Depression following the current global pandemic. The...

2. Imagine that Canada is in the New Great Depression following the current global pandemic. The unemployment rate is very high, and many people have no source of income. How should the government respond to this downturn according to Keynes theories? Should the Government be concerned with balancing their own budget, why or why not?

3. Explain how cyclical unemployment is related to the theory of insufficiency of effective demand.

4. The theory of diminishing marginal propensity to consume suggests that rich people spend a smaller amount of the income on consumption (demand) than poor people do. Why would this make income inequality even worse for an economy than if this were not true?

In: Economics

Why did Britain cut interest after Brexit? Please use Mundell Fleming model to explain.

Why did Britain cut interest after Brexit? Please use Mundell Fleming model to explain.

In: Economics

PLEASE explain how to get the answer Dollar-Value LIFO Retail The following information is obtained from...

PLEASE explain how to get the answer

Dollar-Value LIFO Retail

The following information is obtained from Burger Company's records. Burger uses the dollar-value LIFO retail method.

2019 2020 2021
Cost Retail Cost Retail Cost Retail
Purchases $202,400 $430,000 $238,500 $540,000 $240,100 $500,000
Net additional markups 20,000 30,000 10,000
Net markdowns 10,000 40,000 20,000
Sales 400,000 650,000 450,000

The company adopted LIFO on January 1, 2019, when the cost and retail values of the inventory were $40,000 and $100,000, respectively. Burger experienced the following price indexes:

January 1, 2019 100 December 31, 2020 115
December 31, 2019 108 December 31, 2021 120

Required

Compute the cost of the ending inventory for 2019. Round the cost-to-retail ratio out to three decimal places. Round computations and final answers to the nearest dollar.

BURGER COMPANY
Calculation of ending inventory by Dollar-Value LIFO Retail inventory method
2019
Cost Retail
$ $
$ $
$ $
Ending inventory at retail $
Ending inventory at cost $

Compute the cost of the ending inventory for 2020. Round the cost-to-retail ratio out to three decimal places. Round computations and final answers to the nearest dollar.

BURGER COMPANY
Calculation of ending inventory by Dollar-Value LIFO Retail inventory method
2020
Cost Retail
$ $
$ $
$ $
$ $
Ending inventory at retail $
Ending inventory at cost $

Compute the cost of the ending inventory for 2021. Round the cost-to-retail ratio out to three decimal places. Round computations and final answers to the nearest dollar.

BURGER COMPANY
Calculation of ending inventory by Dollar-Value LIFO Retail inventory method
2021
Cost Retail
$ $
$ $
$ $
$ $
Ending inventory at retail $
Ending inventory at cost $

In: Economics

2) Describe the actions taken by the federal govern actions taken by the federal government that...

2) Describe the actions taken by the federal govern actions taken by the federal government that led to westward expansion during the 1800s

*need facts/actions*

1) Discuss the impact of westward expansion on the United States

i have to answer this two questions in a essay need help.


In: Economics

discuss the core economic tools used in the classic microeconomic theory: Demand, Supply, and Market Equilibrium....

discuss the core economic tools used in the classic microeconomic theory: Demand, Supply, and Market Equilibrium. Discuss how the market equilibrium works in the chemical industry... Who creates the demand and who the Supply of the goods/services you are providing? How does the market reach equilibrium?

In: Economics

Why has the American presidency grown in power and size? Give specific reasons. Are there any...

Why has the American presidency grown in power and size? Give specific reasons. Are there any powers you think should be taken away from the president? If so, explain why.

In: Economics

Mary has standard indifference curves (convex). She always buys 3 pounds of coffee each month. Even...

Mary has standard indifference curves (convex). She always buys 3 pounds of coffee each month. Even when the price of coffee doubles, Mary buys 3 pounds of coffee.

(a) What is Mary’s price elasticity for coffee?

(b) Plot Mary’s indifference curves. Plot coffee on the horizontal axis and money to spend on other goods on the vertical.

In: Economics

Illustrate and explain using two (2) diagrams, the difference between demand-pull and cost-push inflation;           (1...

  1. Illustrate and explain using two (2) diagrams, the difference between demand-pull and cost-push inflation;

          (1 mark for each diagram plus 1 mark for each explanation)

  1. Provide two examples or causes of each type of inflation.

          (1 for each example or cause: totals 4 marks)

  1. Illustrate and explain using a diagram, how these two forms of inflation interact with each other.

In: Economics

Evaluate the influences of globalization on trade sales. Consider the effects of both vendors and end-users.

Evaluate the influences of globalization on trade sales. Consider the effects of both vendors and end-users.

In: Economics

Explain why the Herfindehl-Hirschman Index (HHI) is superior to the concentration ratio?

Explain why the Herfindehl-Hirschman Index (HHI) is superior to the concentration ratio?

In: Economics

On her 25th birthday, a young woman engineer decides to start saving toward building up a...

On her 25th birthday, a young woman engineer decides to start saving toward building up a retirement fund that pays 6% interest compounded monthly (the market interest rate). She feels that $1,000,000 worth of purchasing power in today's dollars will be adequate to see her through her sunset years after her 65th birthday. Assume a general inflation rate of 4% per year.

a) If she plans to save by making 480 equal monthly deposits, what should be the amount of her monthly deposit in actual dollars? Assume the first deposit is made at the end of the month.

b) If she plans to save by making end-of-the-year deposits, increasing her payment by 4% annually, how much would her first deposit be in actual dollars?

In: Economics

HOW WILL EFFECTIVE WRITING SKILLS IMPACT YOUR COLLEGE AND CAREER GOALS ?

HOW WILL EFFECTIVE WRITING SKILLS IMPACT YOUR COLLEGE AND CAREER GOALS ?

In: Economics

Part A What are some examples that you have experienced in relation to one or more...

Part A

What are some examples that you have experienced in relation to one or more of the pricing models/tactics?

Part B

Why might penetration pricing potentially negatively impact brand image and product positioning in the long run? Given this risk, why would a marketing manager use penetration pricing? Identify a brand (other than the examples in the chapter) that you believe is engaged in penetration pricing.

In: Economics

In 2001 American Airlines entered into a 30-year contract worth $195 million for the naming rights...

In 2001 American Airlines entered into a 30-year contract worth $195 million for the naming rights to the home of the Dallas Mavericks, Dallas Stars, and Dallas Desperados. The contract calls for annual payments of $6.5 million. Explain carefully how you would calculate the economic value of the contract.

In: Economics