"Discuss whether free market is necessarily efficient. Give some examples to illustrate the
limitations of government interventions in restoring the market efficiency. Some economists advocate market-based solutions, discuss its merits over command-and-control policies."
Please give 3~4 practical examples with your own word and apply micro-economic theories and concepts to these examples.

A gardener grows pea plants in two pots. One pot (A) has a low amount of essential nutrients in the soil, while the other pot (B) has normal levels of essential nutrients.
a) In the terrestrial ecosystems, what are the two most limiting essential nutrients for plant growth?
Answer: ……... & ……….. (Please spell out the whole word. DO NOT use the symbol. Enter your two answers in alphabetic order into the provided two blanks.)

b) Which pot you will expect to see better
plant growth based on the amount of nutrients in the pots? Answer...………. (answer A or B)

c) Pot ...……. (A or B) pea plants would benefit the most from the addition of Rhizobium Blank 5 (animal, plant, algae, fungi or bacteria) to the soil, because it helps with the supply of Blank 6 (what nutrient or what element) (Please spell out the whole word. DO NOT use the symbol) to boost plant growth.

d) The gardener can also inoculate mycorrhizae, which is one type of...……... (animal, plant, algae, fungi or bacteria) to the plant roots to boost plant growth.

What are the basic elements of the global economy? What, for you, makes the current world economy distinct from the world economy that existed 100 years ago?

1. Consider these two questions and then decide which one ( element you think is most fundamental and most distinctive of today’s global economy.
2. Then find one (1) image on the Internet that you think best represents best this one element. Then:
3. Go to the course blog site:
4. Create a post.
5. Add your image to your blog post. If possible, embed your image as a hyperlink. If uploading, please use the smallest size possible. Provide the URL for the site where you found the image. This is your citation.
6. Under your image write a short, 100-200 word explanation of what you’ve posted, what it represents, and why this element of the economy is so fundamental.
7. Before you finish, give your blog post a 2- or 3-word title that captures the essence of the element you are presenting. Also add a keyword tag of the element you have represented.

Design a program which uses functions to sort a list and perform a binary search. Your program should:

Iinitialize an unsorted list (using the list provided)

Display the unsorted list

Sort the list

Display the sorted list.

Set up a loop to ask the user for a name, perform a binary search, and then report if the name is in the list. Use a sentinel value to end the loop.

Do not use the Python built in sort function to sort the list, instead write one or more functions to implement either the bubble sort or insertion sort (you choose the one you want to implement). The algorithms for the bubble sort and insertion sort are provided in the Word document attachment.

Implement the binary search algorithm as a function. Algorithms are provided in the Word document attachment for an iterative version or recursive version of the binary search. You choose the one you want to implement.

Use this test list: [ 'Paul', 'Aaron', 'Jacob', 'James', 'Bill', 'Sara', 'Cathy', 'Barbara', 'Amy', 'Jill' ]

Turn in your source code with IPO comments at the top of the file

A screen shot showing the results of your testing.

Part 5

Assume an economy is in recession and the government is considering using fiscal stimulus measures to boost spending, production and employment.

a) Using the IS-LM curve diagram, illustrate the crowding out problem that could occur as a result of increased government spending. Make sure to clearly indicate the new equilibrium position including showing how both the interest rate and level of Y change.

b)  Explain how 'crowding out' can harm productivity growth.

c)  Explain how the 'crowding out' problem associated with increased government spending can be avoided. In your answer identify any additional policy that is needed.

At the end of your answer to Part 5 state the combined word count for sub-parts b and c. Your answer to Part 5 sub-part b and c should not exceed 150 words.

(3 marks for sub-part a, 1.5 marks each for sub-parts b and c plus 0.25 marks for satisfying the word count requirements - Part 5 worth 6.25 marks)

Mayfair Office Chairs, Inc. is a small firm in the office furniture industry. They have asked you to help them complete the limited data they have gathered in an effort to enable effective decision-making. Some work can be done using MS Excel but it must be copied to an MS Word file for the final submission of this assignment. To assist Mayfair Office Chairs, Inc., respond to the following: Using MS Excel or a table in MS Word, complete Table-1 (Mayfair Office Fairs, Inc., Cost and Revenue Data). Create Demand and Supply Curve Assume that the price is $165. Assume the fixed costs are $125, at an output level of 1. Assume that the data represents a firm in pure competition. Show your calculations. Explain the MC=MR Rule. Describe the market structures to which this rule applies. Create a chart to illustrate the data in Columns 9 and 10. Describe the profit maximizing (or loss minimizing) output for this firm. Explain why or why not there an accounting profit? Explain why a firm in pure competition is considered to be a “price taker.”

A psychologist researching memory prepares a list of 40 noun pairs (e.g., dog/bicycle; grass/door). He then recruits two groups of subjects. Group 1 is given 5 minutes with the list and is instructed to create a mental image for each pair (for example, to imagine a dog riding a bicycle). Group 2 is also given 5 minutes, but they are told to memorize the pairs. Later each group is given a memory test in which they are given the first word of the pair and are asked to recall the second word. The number of words correctly recalled is reported below. Based on these data, can the researcher conclude that mental images affected memory? Answer using the 7 steps of hypothesis testing, setting alpha at .01. You are additionally given the following information: M_I = 26, M_NI = 18, s_I = 4.71, s_NI = 4.22, SE_{MI – NI} = 2

            Group 1 (Images)                               Group 2 (No images)

            19                                                                    23

            20                                                                    22

            24                                                                    15

            30                                                                    16

            31                                                                    18

            32                                                                    12

            30                                                                    16

            27                                                                    19

            22                                                                    14

            25                                                                    25

Select someone in a leadership position at your organization or at a local company where you might seek employment. This individual could be a director, manager, supervisor, or CEO of the organization.

Write a 1,050-word profile of the individual that you interviewed for your company's newsletter, and include the following:

Identify the individual and their position within the company, and briefly describe the organization.

Interpret the individual's leadership style based on the Five-Factor personality model, and offer one or more examples of the management and leadership roles of this individual.

Explain one incident where this individual had to solve a difficult problem or situation because things did not go as planned.

Describe the lessons that she/he learned from being able to problem solve, even when what she/he had been taught did not work.

Format your profile in the form of a newsletter (the final format may vary depending upon the company's style; please feel free to use either the provided template or to check the Internet or Microsoft^® Word for additional newsletter templates).?

Click the Assignment Files tab to submit your assignment.

Max Tennyson is a small business owner, specializing in renting vacation cottages in Europe and Africa. Up to now, his business, Tennyson’s Travel, has been manageable with spreadsheets and manual records. All business has been conducted in the travel office or on the phone. TT has been experiencing phenomenal growth, at a rate of 25% a year. Max has only 3 employees currently but is now looking to expand the operations, up to 10 employees. He knows that he needs to automate the records and is unsure where to start. He also believes that he needs to create a website. Keep in mind that both the travel agents and customers would like to search the inventory using criteria, such as price, location, property type, number of bedrooms and how many people total can sleep in property.

Max hires you to analyze his business/industry and come up with a plan to automate his small business.

In a Word document memo, explain the problem or opportunity and define the project scope and constraints. (Word – PROJECT STATEMENT AND SCOPE)