. Explain in detail, the economic effects of spillover costs i. Provide specifics starting with the firm avoiding costs (how and why that happens) and conclude by explaining the nature of the market failure and what it really means.

Using a simple supply and demand drawing, illustrate the likely effects of a minimum wage law in the labor market. What might be some non-law-and-economics arguments for such a policy?

Please explain in detail.

1. Please explain, in detail, the steps in the control process. Provide an example for each step. a. Considering the COVID-19 pandemic, what control measures can be established to prevent such an event from occurring again?

Adam tells you that bacteria are so primitive and uninteresting. If it weren't for their disease-causing ability, we wouldn't care about them. Do you agree? Use three reasons to explain your position.

Explain how to use the Message Development Framework to write both positive and neutral messages.

• Organize your thinking and the content of the documents you are about to write.
• Draft an effective business memorandum or e-mail.

What are the two provisions of the Sherman Anti-Trust Act? What types of actions are outlawed under each section? How are each enforced? Can the context of the actions prohibited explain differences in the patterns of enforcement?

What are honorifics? Why are sociolinguists interested in their use in context? In your everyday life, do you ever use honorifics? What does their use, or lack of use, imply about your relationships to others?

Natural Language processing

Read and implement the code in NLTK Ch 6, Section 1.3 “Document Classification”, which examines the sentiment analysis of movie reviews.

a) Using the movie review document classifier discussed in this chapter, generate a list of the 30 features that the classifier finds to be most informative. Can you explain why these particular features are informative? Do you find any of them surprising?

b) Word features can be very useful for performing document classification, since the words that appear in a document give a strong indication about what its semantic content is. However, many words occur very infrequently, and some of the most informative words in a document may never have occurred in our training data. One solution is to make use of a lexicon, which describes how different words relate to one another. In a paragraph, describe how you might utilize the WordNet lexicon for this problem to improve the movie review document classifier.  

) Illustrate and explain the impacts of a Central Bank reduction of its bank rate when an economy has a “liquidity trap” demand for money section.

b) Assume that an increasing number of supermarkets, shops and grocery stores accept credit and debit cards and more consumers use these cards to do their shopping. How will the money multiplier and money supply be affected?