In discussing global inequality, your text identifies several factors in Europe’s economic success. These include all of the following except:
Group of answer choices
Freedom of expression.
A close, intertwined relationship between religion and the state.
Social values emphasizing opportunity and social equality.
Institutionalized property rights.
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Question 41 pts
Your text points out that, within the United States:
Group of answer choices
Rural areas are generally much poorer than urban areas.
Urban areas are generally much poorer than rural areas.
Almost no income inequality exists.
All of the above.
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Question 51 pts
Your text notes that the lack of a large middle class is:
Group of answer choices
A defining characteristic of economically successful countries.
A common characteristic of poor countries.
Generally, not a factor in country's economic success.
None of the above.
In: Economics
1) Which of the following provides the correct interplay between the real world and economic theory?
a) Policy leads to economic theory, which then leads to real-world observations.
b) Real-world observations lead to policy, which then leads to economic theory.
c) Real-world observations lead to economic theory, which then leads to policy.
d) Economic theory leads to real-world observations, which then lead to policy.
2) Which of the following statements is true?
a) Solow's assumption about technological progress is that technological advances are predictable from other factors.
b) According to modern economic theory, there are three sources of economic growth.
c) Convergence in the Solow growth model is due to constant marginal product.
d) If people in the United States increased their savings rate, this would lead to less spending and less economic growth.
In: Economics
International Advertising Scenario
The Quik-Vac Vacuum Corporation manufactures small, inexpensive vacuum cleaners that work on re-chargeable batteries. Quik-Vac customers typically live in small apartments or other tight spaces where a large vacuum cleaner is unnecessary. Quik-Vac managers believe there is a market for the vacuums outside of the United States, especially in communities where living space is restricted. The Quik-Vac marketing department has been assigned the task of creating an advertising campaign to introduce Quik-Vac’s offerings to global consumers.
Which of the following would most likely benefit Quik-Vac due to the firm’s lack of experience in international markets?
advertising Quik-Vac products on the Internet
using the Quik-Vac sales and marketing departments
translating U.S. Quik-Vac commercials into other languages
hiring Ogilvy & Mather, a global advertising agency
In: Economics
In a large open economy, an investment tax credit raises the
real interest rate, ______ the trade balance, and
______ net capital outflow.
a. decreases; decreases
b. increases; increases
c. decreases; increases
d. increases; decreases
Assume that a war breaks out abroad, and foreign investors
choose to invest more in a large safe country, the
United States. Then, the U.S. real interest rate:
a. and net exports will both fall.
b. will fall and net exports will rise.
c. will rise and net exports will fall.
d. and net exports will both rise.
What determines the distribution of national income between
labor and capital in a competitive, profitmaximizing
economy with constant returns to scale?
a. the relative quantity of labor to capital
b. the interest rate
c. the ratio of public saving to private saving
d. the marginal productivity of labor relative to the marginal
productivity of capital
In: Economics
Case Study 1: Insurance Companies and the ACA The Patient Protection and Affordable Care Act that was signed into law in March of 2010 and fully enacted 2014 across the United States is experiencing serious financial difficulties, less than three years later. There are serious doubts regarding the financial feasibility of the act. One of the most visible signs of the difficulties centers around private insurance providers exiting governmentally subsidized insurance exchanges established to provide insurance options for lower income families and individuals. Health insurance premiums have also risen at an alarming rate during the last two years.
● Without providing great detail for all provisions contained in in the ACA, please discuss the primary reasons for the current financial problems.
● Do you feel as though tweaking the provisions outlined in the ACA will remedy the situation or are there more fundamental, structural and economic issues to be addressed?
In: Economics
part a)
A report summarized the results of a survey of 312 U.S. businesses. Of these companies, 206 indicated that they monitor employees' web site visits. For purposes of this exercise, assume that it is reasonable to regard this sample as representative of businesses in the United States. (a) Is there sufficient evidence to conclude that more than 60% of U.S. businesses monitor employees' web site visits? Test the appropriate hypotheses using a significance level of 0.01. (Round your test statistic to two decimal places and your P-value to four decimal places.)
z =
P-value =
part b)
(b) Is there sufficient evidence to conclude that a majority of U.S. businesses monitor employees' web site visits? Test the appropriate hypotheses using a significance level of 0.01. (Round your test statistic to two decimal places and your P-value to four decimal places.)
| z | = | |
| P-value | = |
z=
p-value=
In: Statistics and Probability
In: Statistics and Probability
Answer what you can!
4. Economist Leland Yeager's essary, "The Keynesian Diversion" is making the case that is made throughout the course. That is Keynes was a detour away from a fundamentally sound (although not perfect) classical macro model. Explain what that means in the history of ideas. [At least 10 sentences]
5. in Hayek's essay "choice in currency: a way to stop inflation" he argues for a competitive monetary rule - for monetary and economic stability. Explain how Hayek reasons competition in money and will end inflation.
6. In the essay entitled "so close yet so different: the economics of the rio grande" economist D. Acemoglu and J. Robinson argue that there are some fundamental economic reasons for differences in the standard of living between Mexico and the United states (in the regions of the Rio grande).
What are those reasons that Mexico ends up impoverished and the UnitedStates wealthy?
In: Economics
1. List the factors that affect currency put options, and briefly explain the relationship that exists for each.
2. Assume that the annual U.S. interest rate is currently 8% and
Germany's annual interest rate is currently 9%. The euro's 1-year
forward rate currently exhibits a discount of 2%.
(a) Does IRP exist?
(b) Can a U.S. firm benefit from investing funds in Germany using
CIA?
(c) Can a German subsidiary of a U.S. firm benefit by investing
funds in the United States through CIA?
3. Hudson Co., a U.S. firm, has a subsidiary in Mexico, where political risk has recently increased. Hudson's best guess of its future peso cash flows to be received has not changed. However, its valuation has declined as a result of the increase in political risk. Explain why.
In: Finance
The U.S. Bureau of Labor Statistics released hourly wage figures
for various countries for workers in the manufacturing sector. The
hourly wage was $30.67 for Switzerland, $20.20 for Japan, and
$23.82 for the U.S. Assume that in all three countries, the
standard deviation of hourly labor rates is $4.00.
Appendix A Statistical Tables
a. Suppose 35 manufacturing workers are selected
randomly from across Switzerland and asked what their hourly wage
is. What is the probability that the sample average will be between
$30.00 and $31.00?
b. Suppose 37 manufacturing workers are selected
randomly from across Japan. What is the probability that the sample
average will exceed $21.00?
c. Suppose 49 manufacturing workers are selected
randomly from across the United States. What is the probability
that the sample average will be less than $22.95?
(Round the values of z to 2 decimal places. Round your
answers to 4 decimal places.)
In: Statistics and Probability