Recently, several big tech companies have been experiencing increasing criticism for alleged anticompetitive behavior. Google, Facebook, Amazon, and Apple are currently under a broad anti-trust review opened by the US justice department in July 2019. Facebook is under anti-trust investigation by 47 state attorneys general. Additionally, the European Union recently fined Google $2.7 billion for manipulating its search results. Some US political candidates have observed these trends and are calling for the break-up of big tech companies.

The Wall Street Journal recently reported that Amazon changed its product search algorithm to prioritize items that generate higher profit margins for their company (including its own branded products) over items that are better selling or more relevant to consumers. Products that are no longer prioritized may include those sold through the site by third-party sellers.

Based on your analysis of the game day, readings, and class discussion in this module, do YOU believe regulators step in to stop this behavior? Why or why not?

1. Those who favor increases in tax rates are often disappointed that the additional revenue turns out to be less than expected. Conversely, those who fear that cuts in tax rates will substantially reduce the government’s revenues have often been surprised to find the government’s revenues rising. Explain both of these phenomena.

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Could you please assist on below short essay...

DOMESTIC workers will no longer be subjected to meagre salaries as the government has adjusted the minimum wage for domestic workers, with effect from December last year.

The announcement was made by the Department of Labour Minister Mildred Oliphant and it coincided with the signing into law of the National Minimum Wage Bill by President Cyril Ramaphosa.

According to the Department of Labour’s new rates, domestic workers working in Area A (bigger metropolitan areas) who work more than 27 ordinary hours per week, must be paid a minimum of R13,69 per hour.

Workers who work fewer than 27 hours per week, must be paid a minimum of R16,03 per hour.

This will mean that a domestic worker who works 45 hours per week will now earn a minimum of R2 669,24 a month.

Gardeners, drivers or people who look after children, the aged, sick, frail or disabled in a private household, all qualify as domestic workers.

With the aid of a diagram, discuss the welfare effect of this new legislation if the new minimum wage is (1) below the equilibrium wage and (2) above the equilibrium wage rate with labour hours as your quantity variable.

The Case of Florida State University   (April 2020)

Florida State University (Member of the Florida State University System) has had to convert the entire academic curriculum online.

Has the University become a virtual organization? What characteristics does Florida State University exhibit?

Finally, can a virtual organization adopt a culture?

The Cloud Effect" Please respond to the following

1. Many firms are relying on cloud computing, also known as “the cloud,” to perform key business functions. By moving transactional processing to the cloud, firms are exposing themselves to additional attacks as well as to tighter scrutiny from regulators and stakeholders. From the e-Activity, assume that you are the CFO of Amazon.com. Create an argument indicating how your firm will be able to balance the needs of security with the desire of being a dominant player in the global market.

2. As the CFO, describe your top-three fears in competing in the global market, and how you plan to overcome those fears. Provide support for your rationale.

How will COVID-19 influence in the future market for farmers?

Suppose that a large country experiences growth strongly biased towards its exports

A. this will have no effect on the country's terms of trade.

B. this will tend to improve the country's terms of trade.

C. this will tend to improve the terms of trade of the country's trading partner.

D. This will have no effect on the terms of trade for the country's trading partner.

Explain the concept of asymmetric information in general. Discuss the implications of asymmetric information for the market of deposits, the credit market and the inter-bank market.

[50 marks]

Fractional reserve banking is inherently unstable. Comment.

Explain the IS-LM model?

What are the Differences between New Keynesian economics and New classical economics as they relate to ad-as model?

What is the optimal price cap for a government to impose on a monopoly? Why?

Discuss the effects of a shock that increases oil prices in the AD-AS model. Be sure to explain also the problem of stagflation.