If the U.S. favors protectionism (e.g. abolishing NAFTA, applying tariffs to imports), how will it impact the economy and who will be the winners and losers?

To better to assess your willingness-to-pay for advertising on others’ websites, you want to learn the mean profit per visit for all visits to your website. To accomplish this, you have collected a random sample of 50 visits to your website over the past 6 months. This sample includes information on visit duration and profits.

Let the null hypothesis be the mean profit per visit for all of your visitors be $11.50. (a) Calculate the corresponding t-stat for this null hypothesis. (b) Calculate the corresponding p-value for this null hypothesis. (c)With strength of 95% decide whether or not to reject this null hypothesis. (d) Detail the reasoning behind your decision.

**Include excel details, if possible.**

8) Explain how the US government conducts trade policy. Make sure to discuss some of its unique institutional features, internal contradictions, and multiple levels

What are 2 reasons for using quotas over tariffs?  Explain 3 types of tariffs (nominal tariff, effective tariff rate, tariff-rate quota).   Explain.

18. A grocery store introducing items from Italy is interested in analyzing buying trends of these new “international” items, namely prosciutto, peroni, risotto, and gelato. The file GroceryStore provides data on a collection of transactions in item-list format. a. Using a minimum support of 100 transactions and a minimum confidence of 50%,
use XLMiner to generate a list of association rules. How many rules satisfy this
criterion? b. Using a minimum support of 250 transactions and a minimum confidence of 50%,
use XLMiner to generate a list of association rules. How many rules satisfy this criterion? Why may the grocery store want to increase the minimum support required for their analysis? What is the risk of increasing the minimum support required?
c. Using the list of rules from part b, consider the rule with the largest lift ratio that involves an Italian item. Interpret what this rule is saying about the relationship between the antecedent item set and consequent item set.
d. Interpret the support count of the item set involved in the rule with the largest lift ratio that involves an Italian item.

e. InterprettheconfidenceoftherulewiththelargestliftratiothatinvolvesanItalianitem.

f. Interpret the lift ratio of the rule with the largest lift ratio that involves an Italian item.
g. What insight can the grocery store obtain about its purchasers of the Italian fare?

Only solve E F G

1. Define inflation and discuss the differing impacts of “expected” vs. “unexpected inflation.” Which do you believe is the more important type of inflation the government should work to reduce? Explain.

2. What action can the Federal Reserve take to reduce inflation?

3. Using one of the tools available to the Federal Reserve, explain how the Fed would accomplish the action you listed in response to No. 2.

4. Assume the economy is currently operating at the natural rate of unemployment, what affects will the action you listed in response to No. 2 have in the short run on output, price level, and interest rates? Please use the AS/AD and Money Market diagrams to illustrate your answer.

5. Again, assume the economy is currently operating at the natural rate of unemployment, what affects will the action you listed in response to No. 2 have in the long run on output, price level, and interest rates? Please use the AS/AD and Money Market diagrams to illustrate your answer.

Describe a time when someone did not really listen to or understand a point you were trying to get across. Describe the actions you took to try to make them understand them your point. How do these actions apply to negotiations and sales? [200 words or more please and Thank you].

In the classical school with trade, country specialization is “complete.” Why??? What is this attributed to???

What concepts applicable to that career path? Name and describe at least two economic concepts that will translate to a profession. Explain why these concepts are important and how they will be helpful to the organization you will work for.

What concepts from the course are applicable to personal life? Name and describe at least one economic concept that you consider to be an important takeaway from this course. Explain why, and describe how to apply it.

What can you do to continue to reinforce and grow these ideas about economics and/or about ways to improve team collaboration? What are some of the resources that you can utilize as you continue your education?

Use concrete economic concepts from class discussion and the readings to address professional goals and areas for economic-competency development.

Draw on experience with team dynamics—people collaborating toward a common goal.

Establish a plan for continuing to scaffold knowledge and develop as a professional.

Demonstrate articulation (mechanics, spelling, clarity, structure, and organization, utilizing APA style and grammar to produce a well-designed and coherent document).

Explain the favourable supply shock the US economy witnessed during 1990’s. What happened to inflation and unemployment rate during that time?

Market equilibrium ( Assessment task )

Instructions

In this activity you must apply the market equilibrium behavior, social surplus and consumer and producer surpluses.

INSTRUCTIONS:

Please answer the questions below, you should review the rubric that appears at the bottom of the exercises. Please review the module material for more information that you can search in the virtual library. Remember you can search your database, please nothing other than reliable sources of information.

1. What is consumer surplus? Using real data, what information would you need to measure consumer surplus in a particular product?
2. What is producer surplus? Using real data What information would you need to measure producer surplus in a conceto product?
3. What country wins with trade?
4. How does trade influence the production and consumption of each country?

Output produced in one growing season:

Corn Soybeans

Iowa 30 45

Nebraska 40 80

Iowa and Nebraska can both produce corn and soybeans, and can switch between the production of corn and soybeans at a constant rate. The table illustrates the amount of corn or soybeans each state can produce in one growing season. Answer the following questions:

a.)  From the table we know that Iowa has a:

a. comparative advantage in the production of soybeans and Nebraska has a comparative advantage in the production of corn

b. comparative advantage in the production of corn and Nebraska has a comparative advantage in the production of soybeans

c. comparative advantage in both goods and Nebraska has a comparative advantage in neither good

d. comparative advantage in neither good and Nebraska has a comparative advantage in both goods.

b.) From this table, we can conclude that Iowa should specialize in the production of

a. both goods and Nebraska should specialize in the production of neither good

b. neither good and Iowa should specialize in the production of both goods

c. corn and Nebraska should specialize in the production of soybeans

d. soybeans and Nebraska should specialize in the production of corn

c.) At which of the following prices would both Iowa and Nebraska be able to gain from trade with each other?

a. ​1 bushel of soybeans for 1.7 bushels of corn

b. ​2.5 bushels of soybeans for 1 bushel of corn

c. ​3 bushels of corn for 1 bushel of soybeans

d. ​1.8 bushels of soybeans for 1 bushel of corn

1. The coronavirus is currently wreaking havoc on the world economy. There are many reasons for this, so let’s simplify by focusing on just one. Suppose the primary effect of the coronavirus is to create “uncertainty”, which leads investors to increase their demand for “liquidity” (i.e., it increases the demand for money relative to other assets). Use the DD-AA model to show how this would affect the US economy. What happens to US output and the value of the dollar? US policymakers are currently debating whether to respond by cutting interest rate or increasing government spend- ing. Which of these policy responses would Canada favor? Which would China favor? (Hint: The Canadian dollar floats against the US dollar, whereas the RMB is pegged to the US dollar).