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The United States has a variety of regulations to address the economic harm resulting from monopoly power in an industry. This includes the Sherman Act of 1890, the Clayton Act of 1914, and the Federal Trade Commission Act of 1914. These acts were aimed at restricting the formation of cartels and monopolies to protect consumers and ensure competition. The article The Oligopoly Problem argued that oligopolies fall through the cracks of these regulations and leave consumers unprotected from harmful business practices where industries are highly concentrated. Read the article and respond to the following in your initial post:

• What are examples of firms in an oligopolistic market that abuse their power? Explain how they abuse their power and describe the impact on consumers.
• Do you agree with the author's feelings about increased government oversight of such industries? Why or why not?

Assume that the United States has two sectors: the food sector has land as a specific factor and the manufacturing sector uses capital as a specific factor. Labour is mobile across sectors. Suppose that exceptionally good weather enables several states to enjoy ‘bumper’ crops that lead to an 8 percent decline in the price of food.

1. Illustrate the effect on the labour demand curves for food and manufactured goods and the impact on wages?

2. How does the distribution of labour across sectors change? How does the output of each sector change?

3. How does the decline in the relative price of food affect the income distribution across capitalists and landowners?

4. What can be said about the impact on the earnings of workers? Could you provide a more definite response if you were told that food was by far the most important item in a worker’s consumption basket?

If the United States legislated that all employers could only terminate an employee for “just cause” (and thus eliminating the doctrine of “employment at will”) we would expect (over time), all things being held the same, that:

the natural rate of unemployment will rise

cyclical unemployment would fall

frictional unemployment would fall because companies will want to hire workers quickly

structural unemployment would fall because workers will work harder consistent with the efficiency wage hypothesis

Question: Due to the Affordable Care Act (ACA), residents of the United States are now facing a different side of the insurance spectrum with increased premiums and/or deductibles. They also have the ability to "shop" around for which insurance policies best meets their needs.

In your initial post, give your perspective on how the Affordable Care Act (ACA) impacts reimbursement policies.

please use a minimum of 6 sentences. . . ALSO, USE a reference and LIST THE REFERENCE U USED! also .... do not copy and paste your answer from a website. this is my second time asking this. thank you in advance.

The mean annual premium for automobile insurance in the United States is $1,495. Being from Pennsylvania, you believe automobile insurance is cheaper there and wish to develop statistical support for your opinion. A sample of 25 automobile insurance policies from the state of Pennsylvania showed a mean annual premium of $1,439 with a standard deviation of s = $150.

If required, enter negative values as negative numbers.

a. Develop a hypothesis test that can be used to determine whether the mean annual premium in Pennsylvania is lower than the national mean annual premium.

H ₀: μ - Select your answer -greater than 1,495, greater than or equal to 1,495, equal to 1,495, less than or equal to 1,495, less than 1,495, not equal to 1,495
H _a: μ - Select your answer -greater than 1,495, greater than or equal to 1,495, equal to 1,495, less than or equal to 1,495, less than 1,495, not equal to 1,495

b. What is a point estimate of the difference between the mean annual premium in Pennsylvania and the national mean (to the nearest dollar)?
$

c. At α = .05, test for a significant difference by completing the following.

Calculate the value of the test statistic (to 2 decimals).

The p-value is - Select your answer -less than .005, between .005 and .01, between .01 and .025, between .025 and .05, between .05 and .10, between .10 and .20, greater than .20

What is your conclusion?
- Select your answer -The population mean automobile premium is higher in Pennsylvania than the national mean.The population mean automobile premium is lower in Pennsylvania than the national mean.

The mean annual premium for automobile insurance in the United States is $1,495. Being from Pennsylvania, you believe automobile insurance is cheaper there and wish to develop statistical support for your opinion. A sample of 25 automobile insurance policies from the state of Pennsylvania showed a mean annual premium of $1,439 with a standard deviation of s = $150.

If required, enter negative values as negative numbers.

a. Develop a hypothesis test that can be used to determine whether the mean annual premium in Pennsylvania is lower than the national mean annual premium.

H ₀: μ - Select your answer - greater than 1,495, greater than or equal to 1,495, equal to 1,495, less than or equal to 1,495, less than 1,495, not equal to 1,495
H _a: μ - Select your answer - greater than 1,495, greater than or equal to 1,495, equal to 1,495, less than or equal to 1,495, less than 1,495, not equal to 1,495

b. What is a point estimate of the difference between the mean annual premium in Pennsylvania and the national mean (to the nearest dollar)?
$

c. At α = .05, test for a significant difference by completing the following.

Calculate the value of the test statistic (to 2 decimals).

The p-value is - Select your answer -less than .005, between .005 and .01, between .01 and .025, between .025 and .05, between .05 and .10, between .10 and .20, greater than .20

What is your conclusion?
- Select your answer -The population mean automobile premium is higher in Pennsylvania than the national mean.The population mean automobile premium is lower in Pennsylvania than the national mean.

The United States has entered into trade agreements with other countries in order to set rules and expectations to increase trade and commerce. Research either NAFTA or the TPP. How the deal you chose impact or will impact foreign trade. What were the benefits and any negative consequences from entering these types of trade agreements?

Define what the most important objectives should be in your opinion (please provide citation used)

We all know that insurance companies play a vital role in the United States economy. There are life, health, auto, homeowners among others. Select any one insurance company (even by type or specific name) briefly discussing the company and its role in the markets these days especially. How is that company (or type) doing and are they successful with what we are going though in your opinion. Keep in mind that they are also big players in the capital markets investing heavily. Discuss a positive and negative about the company.