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Question: Discussion Board Question: This is the question the class is responding to. Incorporate the concepts of game theory with international trade and tariffs. Set up two payoff matrices. Set up the first payoff matrix such that the outcome will be harmful to both countries. Set up the second payoff matrix such that the outcome will be beneficial to the United States. Evaluate the two matrices using current actions by each country to see ...
Task 1Task 1 Question 1a.Using your knowledge of managerial economics, elaborate on the following statements:i.The amount of profits is entirely under the control of the manager.ii.  A firm may sacrifice short-run profits for long-run growth and profitability. Question 2a.Describe market equilibrium using relevant graphs and discuss market surplus and market shortage. b.Suppose there are 100 identical self-service gaso...
Please focus on the following points as you prepare your essay. The essay question requires that you integrate information taken from several different (referenced) sources, to organize that information, and to summarize the information with conclusions that may be new to you. Begin with a thesis statement, (or a claim) that you will explain and justify in your essay. Support your ideas with a rationale and evidence (not opinion stateme...
Supply-side shockAssume you are in a small open economy with flexible exchange rates. The economy experiences a permanent positive demand shock. Draw the PC ?MR, the IS ?RX and the ERU ?AD graphs to help you explain the path back to medium run equilibrium. Draw a graph of the real exchange rate over time and give a brief explanation of its path. How does the medium run equilibrium vary from that in the closed economy? Oil ...
Analysis of Proposed StrategyUsing key topics from this module, develop an export strategy for an exporter in a developing country of your choice for entry into the European market. Please choose a specific country in Europe that the product or products will be exported to. Also ensure that this firm is not already exporting this product(s) to that European country. Write a Report presenting to the board of directors of the chosen expor...
Investigation into the Impact of Macroeconomic Factors on Business ActivitiesDemonstrate an ability to investigate and explain how economic factors can affect business activities. Explain challenges facing business in a global economy. Sir Richard Branson is the founder of Virgin Group which owns a number of businesses ranging from Virgin Atlantic airlines to Virgin media. Sir Richard Branson is well known for the growth and success of his b...
Instructions for Part 2: You can use the “ILAC” style of reasoning in other disciplines too. For example, in Economics we have mentioned the “Law of Demand” and “Law of Supply”. Can you apply these laws to the hypothetical policy scenario below and predict some of the policy’s outcomes? Scenario: Several factors, such as fuel taxes and global supply chain disruptions have, recently, caused petrol prices ...
Produce an Original and Well-Structured ReportStudents are expected to produce an individual report which should be well structured and original, should consist Students should shape their own topic according to the guidelines below and discuss their topic suggestion with the module tutor. The report should relate to issues covered in the module and explore how current trends in international business affect business. Here are some suggestions...
Task 1Tasks Your specific brief is to write a client style report which will be considered at an upcoming board meeting. This client style report will include analysis and information in accordance with the four tasks outlined below. Task 1 Prepare a Rental Value Grid showing all workings, adjustment factors and assumptions based on the comparables outlined below. Use this to determine the best comparable guide to establish Full Rental Valu...
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The performance of students is assessed by the assessment method – ‘Individual Coursework’ as appropriate to the level and learning outcome of the assessment protocol. The individual coursework constitutes 100% assessment weighting for this module. Students are required to write an individual coursework/essay by discussing the following questions. Identify one industry from the UK Standard Industrial Classification (S...
Question 1A firm engages in efficient production (achieves technological efficiency) if it cannot produce its current level of output with fewer inputs, given existing knowledge about technology and the organization of production. Equivalently, the firm produces efficiently if, given the quantity of inputs used, no more output could be produced using existing knowledge. Is the notion of “efficient production” alone a sufficient con...
Causes of the Coffee CrisisTHE COFFEE CRISIS OF 2000 TO 2004 The cultivating, processing and retailing of coffee is a big industry. Yet, the late 1990s and early 2000s marked something of a crisis for coffee producers. During this period the world supply of coffee rose relative to demand, causing a slump in the price. The trend in the average price of coffee (there are many varieties and prices) between 1996 and 2009 was having reached $180 per ...
Part APart A Answer ALL of the following Questions. Please choose ONE (and only one) available answer for each one of them. Choosing more than one option is treated as a wrong answer. List your chosen option in your answer booklet(s). 1.Under the Neoclassical Model, firms exist to serve the interests of: a.Customers.b.Workers.c.Society in general.d.Shareholders. 2.If the consumers’ demand for a product is inelastic, this means tha...
Cost CalculationExpand the table and calculate the fixed cost, the variable cost, the average fixed cost, the average variable cost, the average total cost and the marginal cost for all the output. Comment on the relationships among the various costs (i.e., you should consider four (4) relationships). Explain the importance of marginal cost and average total cost in making business decisions. (b) What is the quantity that the firm should produce...
Part Ihis coursework is worth 70 percent of your overall mark. It consists of two parts. . Diagrams and equations may be composed by hand (neatly) and inserted into the document as images. Diagrams may well enhance your answers in some cases, but they need to be fully integrated into any explanations. Otherwise no credit will be given for their inclusion. This assignment must be completed without any consultation with or help from others. Any ev...
Measuring Income Inequality in the USEducation and Income Inequality [WLO: 3] [CLOs: 1, 2, 3, 4, 5, 6, 7] Prior to beginning work on the Final Paper, read Steven Strauss’ article, The Connection Between Education, Income Inequality, and Unemployment. In your Final Paper, you should address the following based on the information presented in the article and other research: Describe how a country can measure its income inequality. Evaluate t...
Demonstration of knowledge and understandingWhat am I required to do in this assignment? The Covid-19 pandemic caused China’s economy to shrink by quarter This drop in output was the worst single quarter decline in GDP since China began publishing the China’s economy is driven by “three major engines for growth.” These are consumer-spending, exports, and fixed asset investment. All three of these growth drivers decline...
Task 1: Assessment Criteria for Demonstrating Understanding of Private and Public GoodsThis assessment focused on the difference between private goods, which can be efficiently provided by markets, and public goods, which markets fail to supply in an equitable way to the public. Merit and demerit goods will also be considered in order to analyse their positive or negative impacts on society, and why government intervention may be required to c...
Description of the issueA city is faced with a challenge in their public parks. There have been increased accidents with the use of playground equipments in these public parks with injuries to children over the past three years. Last year alone 8,000 children got hurt, some of them seriously, resulting in 5 deaths and several hospital admissions. Accidents associated with these playground equipments have been increasing 2% every year over the pa...
Analyzing Impact of COVID-19 on US Economy using AS-AD ModelQuestions In this question, we are going to use AS-AD model that you have learned in to analyze the impacts of the COVID-19 pandemic on the economy of the US and then test the predictions of the model by real data. (25 points) By using AS-AD model show the impacts of the pandemic on the economy of the US on GDP, price level, and unemployment rates in the short-run. Explain your answer. ...
LO1 Examine key features of design economics, cost planning and the principles of precontract cost control. LO2 Analyse alternative construction design solutions using established methods and techniques and assess their impact on initial and lifecycle costs. LO3 Demonstrate knowledge and understanding of the processes and methods involved in preparing cost estimates, cost plans and lifecycle costs associated with the construction and lifecyc...
The Impact of Minimum Wage Laws on UnemploymentMinimum Wage Laws May Cause Structural Unemployment.What is it that holds wages artificially high? Sometimes, the government is responsible. Take, for example, minimum wage laws. Most countries around the world have passed such laws […] The minimum wage helps poorer people who are working afford basic necessities, but it may also cause businesses to hire fewer workers. Make a graph to illustr...
Assessment Approaches for CorruptionMost indicators are based on surveys that ask for subjective experience. Such surveys may include perception-based questions. The following corruption assessment approaches attempt to measure corruption quantitatively or qualitatively: the Opacity Index specifically targets transparency and openness in government, the Corruption Perception Index assesses public awareness and perceptions, th...
Theoretical FrameworkSuppose there are two firms, Lieder and Faulover, who are patent holders to produce a novel good. Since nobody else has a patent for the good, the firms would potentially form a duopoly (if they decide to produce). In order to start their productions, the firms must first build the factories, and the size of the factories will determine their outputs. Assume that once a factory is open, a firm commits to the q...
Importance of Industry Structure on Business EnvironmentThe performance of students is assessed by the assessment method – ‘Individual Coursework’ as appropriate to the level and learning outcome of the assessment protocol. The individual coursework constitutes 100% assessment weighting for this module. Students are required to write an individual coursework/essayby discussing the following questions. Identify one industry from...
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