If the United States could produce five televisions per hour of labor and China could produce three televisions per hour of labor, would it necessarily follow that the United States should specialize in television production? Why or why not?

How does the internet revolution exacerbate the difference in life chances between rich and poor in the United States?

What is the personal responsibility and work opportunity reconciliation Act, and what impact has it on welfare and social services in the United States

how do you feel about the rate of economic growth in the United States? Why do you feel that way? How has recent history affected growth in the United States?

Is Economic Growth always a good thing?”

1. In the United States, the degree of labor market protection has decreased significantly since 1970’s. Explain the effects of this trend on economic growth in the medium-run and long-run perspective. What are the implications for income inequality in the United States?

I am stuck on these two:

The General Agreement on Tariffs and Trade (GATT)

Group of answer choices

Encourages trade restrictions.

Committed GATT members to a reduction of protectionism.

Established the European Common Market.

Has now eliminated all nontariff barriers to trade.

Assume the United States and Australia have the same amount of resources. In a given time period, the United States can produce 2 tons of beef or 200,000 cars. Australia can produce 1 ton of beef or 100,000 cars. This means that

Group of answer choices

Australia has a comparative advantage in cars.

The United States has a comparative advantage in beef.

Australia has an absolute advantage in both beef and cars.

The United States has an absolute advantage in both beef and cars.

You are to analyze the Economic aspects of each of the following three countries ( Russia, China, Germany). The bullet points are what you are to analyze. Use only 2018/2019 numbers. Address each country individually. This project does not have to be written in paragraph form. I am looking for economic numbers. When in doubt, give the estimate if the data says so. Also state any footnotes that are included with the data.

• Currency
• Exchange rate with the US dollar
• GDP - Gross Domestic Product
• Average inflation rate
• Exports to the United States (in US dollars $)
• Imports from the United States (in US dollars $)
• Average per capita income
• Major exports to the United States
• Major imports from the United States
• Major trade partners

Suppose the unemployment rate in the United States is 10% and the structural unemployment rate is 6% and the frictional unemployment rate is 5%. The actual Real GDP level is $ 30 billion and the Natural Real GDP level is $27 billion. Please answer questions 3a through 3c below.

3a. Calculate the natural unemployment rate for the United States. Then, please calculate the Cyclical Unemployment rate and then please calculate the recessionary gap or an inflationary gap using the actual Real GDP level and the Natural Real GDP level. Please show your calculations and work.

3b. Based on the information above and from the calculations you performed in 3a, is the United States in a recessionary gap or an inflationary gap? Explain why the United States is in an inflationary or a recessionary gap.

3c. As an economist, what economic fiscal policies can you suggest to President Trump to help combat the inflationary gap or the recessionary gap in the United States in this situation? Explain why the policies you suggested might help to combat the inflationary or recessionary gap that the U.S. economy is experiencing in this situation.

simple hypothesis test please be clear with algorithm

The United States and Japan often engage in intense trade negotiations. U.S. officials claim that Japanese manufacturers price their goods higher in Japan than in the United States, in effect subsidizing the low prices in the United States with extremely high prices in Japan. According to the U.S. argument, Japanese manufactures accomplish this by preventing U.S. good from reaching the market.

An economist decides to test the hypothesis that higher retail prices are being charged for automobiles in Japan than in the United States. She obtains independent samples from 50 retail sales in the United States and 50 sales in Japan over the same time. She found the sample average of the U.S. sales to be 26,596 and the sample average of the Japanese sales to be 27,236. The standard deviations were 1,981 and 1,974 respectively.

Using an alpha of 5%, conduct a hypothesis test.

Please solve clearly displaying the following:

What is the null hypothesis?

critical value?

What is the p-value?

declared alpha?

critical value?

Draw a conclusion?

Question B1

In 2002, Musk sold his second internet startup, PayPal, to eBay for $1.5 billion. His first company, a Web software firm, was acquired by Compaq. Currently, Musk is the CEO of Space Exploration Technologies (SpaceX) and Tesla Motors, and also the chairman and the largest shareholder of SolarCity, an energy technology company. SpaceX, which builds rockets for companies and countries to put satellites in space, was the first private company to deliver cargo to the International Space Station. It’s reigniting interest in space exploration. Tesla Motors is the world’s most prominent maker of electric cars and is proving that electric cars can be green, sexy, and profitable. SolarCity is now the leading provider of domestic solar panels in the United States. Each of these ventures has transformed an industry: PayPal – Internet payments; Tesla – automobiles; SpaceX – aeronautics; and SolarCity – energy. (Modified from source: Kristoffer Tripplaar/Sipa USA (Sipa via AP Images)

Based on the above case, name the type of problems Musk deal with when developing these new ventures.

B2

In early 2020, Hong Kong was hit by a disease – Coronavirus. As more and more people were infected with Coronavirus, citizens had adopted the practice of wearing masks whenever they got out of their homes. Thousands of people lined up in streets and wait overnight for a chance to purchase masks for themselves and their families. The price of masks, when they were available, had increased from HK$1 a piece to HK$10 or even more. Mr. Wong was a restaurant owner. He was shocked by the situation and he wanted to help. He tried to purchase masks from sources all over the world but was unsuccessful most of the times. Through an old friend in Egypt, he finally found a mask manufacturer in Egypt – the Pyramid Mask (PM). PM agreed to sell a machine that can produce 100,000 masks per day to Mr. Wong. They could also supply all the raw materials that were needed to manufacture the masks. As Mr. Wong is not a technical person, PM even agreed to send an engineer to Hong Kong for 3 months to solve all the problems that were expected in starting a new factory. However, PM insisted that the products must be sold under PM’s brand name and Mr. Wong had to pay a fee.

Based on the above case, identify the approach Mr. Wong used to go international.

1. The colonies and later the United States were governed by three successive political and economic philosophies, mercantilism, then the Articles of Confederation, and finally the Constitution. Discuss how each of these philosophies facilitated or hindered the economic evolution of the 13 colonies into the United States.