What current external (foreign) conditions are relevant in deciding the monetary policy instrument for UK (specifically how global or external conditions impact UK)? Provide atleast 5 points

1. How do you think John Stuart Mill would view the most recent world-wide financial crisis? In terms of: What are the factors leading to it, what factors should be in place to prevent it happening again, and what should have been done to correct it?  

How was the governance of the Federal Reserve constructed in order to avoid potential abuse of power and balanced representation? In what ways has the Federal Reserve system worked? In what ways has the Federal Reserve system not worked?

PART; What would you expect economist to predict would be the impact on your life relative to the solar power industry if there were no off shore drilling and no importation of foreign oil?(Hint: The combination of these two changes would reduce the supply of oil in the United States by about 70%)

PART 2: Digging Deeper When disaster strikes, you can count on two things: Looting and Price Gouging. Consider that a major hurricane has struck. Power is out, chaos has ensued. Explain what might happen in terms of the supply of essential goods, such as food and gas. Then discuss how price gouging might result. Compare and contrast price gouging with looting.

What are the different stages of the Lewis two-sector model?

Lucy has just been promoted to a managerial position and given a new office. She is very fond of small Persian carpets and Native American paintings. Her utility function for carpets(x) and paintings (y) is given by: U = 100 * sqrt(xy)

Her company gave her a budget of $7,200. Persian carpets cost $700 each and Native painting costs $500. Using Excel spreadsheet, develop columns for quantity and of carpets and paintings within her budget. Use 0,1,2,....10 carpets as possible quantities. Develop columns of TU, MU, and MU/$ for carpets and paintings and answer the following questions.

At the maximum total utility level, what is the optimal number of carpets she gets and what is the optimal number of paintings she gets?

Describe the process by which the market for capital and the market for land reach equilibrium. As part of your description, elaborate on the role of the stock of the resource versus the flow of services from the resource.

8. Suppose that demand for OVO themed lint rollers is given by

? = 120 – ?.

There are only two firms that produce this coveted product, they both have cost function

?? = 60 + q? 2 , where ? = 1,2 denotes the factory.

Total production of the lint rollers is equal to output from the two firms.

a. [10 marks] Suppose the two firms compete on quantities. Find the Nash equilibrium price and output of each firm. How much profit does each firm make?

b. [15 marks] Suppose that firm 1 gets this innovative product to market faster, so it makes its output decision before firm two. Find the Stackelberg equilibrium price and output of each firm. Are their profits different than in part(a)? If so, explain why.

13. What mistake might a business make if it confuses marginal cost and average cost?

14. How does adverse selection explain why it might be difficult to change the Affordable Care Act?

Corruption is widespread in many less developed countries. The U.S. anti-corruption laws sanction the U.S. multinational from bribing foreign entities. (The Foreign Corrupt Practice Act of 1977, amended 1988, and the International Anti-Bribery Act of 1998.) Do the anti-corruption laws handicap American firms in their ability to compete against multinationals from elsewhere?

Describe in detail the reasons behind the two-way relationship between health and economic growth. Explain the factors for each side of the relationship between health and economic growth in detail in words. Please provide two factors for each side of the relationship, two that explain why better health results in higher economic growth and two factors of why higher economic growth can lead to better health.

1. How does the effectiveness of voting with one’s feet depend on how taxes are assessed? Which type of taxation is most likely to generate socially optimal outcomes?

During the war, the same arms merchant often sells weapons to both sides of the conflict. In this situation, a different price could be offered to each side because there is no danger of resale. Suppose a US arms merchant has a monopoly of a special air-to-sea missiles and is willing to sell them to both India and China. India's demand for missiles is P = 64 - 4x and China's is P = 80 - 6y, where P is in millions of dollars. The marginal cost of missiles is MC = 4Q, where Q = x + y.

(a) How many missiles will be sold to each country and what price will be charged to each country? Show your work in details.

(b) Find out the price elasticity of demand for each country at that price and check that the country with less elastic demand is indeed paying a higher price.

1. Anna is planning to save $3 million for retirement over the next 30 years.

1. If she’s earning interest at a rate of 12% compound quarterly. How much money she should deposit each quarter.
2. If she lives after 25 years. What annual level of living expense will those saving support? (same interest rate of 12% compound quarterly.)
3. Suppose her retirement living expense will increase by $5000 each year. Determine the annual spending plan. (same interest rate of 12% compound quarterly.)

37. Mavis Corporation has an agreement with its workers to index completely the wage of its employees to the CPI. Mavis currently pays its production line workers $7.50 an hour and is scheduled to index their wages today. If the CPI is currently about 130 and was 120 a year ago, Mavis should increase the hourly wages of its workers by about...

38. Thomas earned a salary of $50,000 in 2001 and $70,000 in 2006. The consumer price index was 177 for 2001 and 265.5 for 2006. Thomas’s 2001 salary in 2006 dollars is...

39. Suppose the CPI was 95 in 1955, and suppose currently the CPI is 475. According to the CPI, $100 today purchases the same amount of goods and services as...

40. Suppose that twenty-five years ago a country had nominal GDP of $1,000, a GDP deflator of 200, and a population of 100. Today it has nominal GDP of $3,000, a GDP deflator of 400, and population of 150. What happened to the real GDP per person?

41. Assume the consumer price index was 225 in 2006 and 234 in 2007. The nominal interest rate during this period was 6.5 percent. What was the real interest rate during this period?

Please show work. Thank you