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Exercise 1: Analyzing Yourself as a ConsumerExercise 1 (40 points) In this exercise, you will analyze yourself as a consumer. It is a self-reflective, experiential exercise: you experience the process of constructing a subject’s indifference map while you are the subject. First, pick two goods (products or services) that matter to you; for example, something that you buy every week (e.g., food items). What are X and Y? Second, draw ...
Project BackgroundStory of Scotch Extract taken from the Scotch Whisky Association web page. Scotch Whisky must, by law, be distilled and matured in Scotland in oak casks for at least three years and bottled at a minimum alcoholic strength of 40% abv. The robust legal protection of Scotch vital to safeguard a spirit globally renowned for its quality has grown over time. `The first definition of Scotch in UK law was secured by 1...
Question 1: Perfect Competition vs Monopoly Monopolies are thought of as bad. One reason is that they produce less of an item at a higher price than would be produced under perfect competition. Let Market Supply for a product be P=$20+.50QS Let Market Demand for the product be P=$170-.75QD a)Using the D and S equations from above, show the validity of the above statement by finding the output level and price for both a perfectly competitive i...
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Introduction and BackgroundPlease read the article “The ECB’s lack of credibility could hamstring Europe’s recovery” from the Economist, September 19th 2020. https://www.economist.com/leaders/2020/09/19/the-ecbs-lack-of-credibility-could-hamstring-europes-recovery (register to the website for free) Answer to the following questions employing the models you studied during the course. The grade will take into account th...
Questions: • You should deliver your assignment via Blackboard. • This is an individual take-home assignment. Prepare your answers on your own. • In order to receive full credit for your work, you need to provide complete and detailed answers. • Please use a font size at least 11. As of the rest style, number of pages, etc. it is completely up to you. I do not evaluate your assignment based on the literary criteria or number of page...
Task Economics 1 Assignment Topic for online Diploma Classes The outbreak of the COVID-19 coronavirus pandemic which became publicly recognised in end-January 2020 has affected many economies worldwide. The pandemic has impacted the global hospitality and tourism industry directly and has been disrupting global supply chains since then, adversely affecting many countries around the world. As a Researcher working for a...
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GDP classification of Saudi Arabia according to Economic activities between 2010 to 2018Question# 1 Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â&nbs...
Round numeric responses to two decimal placesi) When in doubt, round numeric responses to upto two decimal placesii) It is okay to discuss the course material with your peers, but please solve all the questions independently and write all your responses in your own words.On the coversheet, please write and sign the following honor pledge: “I pledge on my honor that I have not given or received any unauthorized assistance on t...
Learning ObjectivesPrepare a report on the market for organic foods in the United States. The paper is to be a report on the market for organics, using the determinants of demand, determinants of supply, and how supply and demand determine price. The focus of the paper should not be on the health benefits of generic goods, but on the demand, supply and price dynamics of the market for generic foods. Your paper should have an introduction, b...
Do companies oppress workers through their economic market power?When we criticized Wall Street caused the financial crisis, investors lost billions; however, bankers in Wall Street still received billions of bonuses. Some experts said that the financial system requires a greater perspective. Wall Street is not only about banks, but also willing to take risks. Venture capital companies that support entrepreneurship and innovation also have...
The Inflation Path? 1 Introduction State briefly the purpose of the report [word guidance 20 words] ? 2 The Inflation Path Briefly describe the pattern of inflation over the period 2007 to 2020 (use annualised figures). Put this data into a Table (Table 1) and show the data in a graph (numbered as Figure 1). [Word guidance 20 words] ? 3 Economic Growth and the Output Gap Briefly describe the patt...
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(1) As an  alternative to antitrust and competition law, economic regulation can and has been established in three exceptional cases: (1) for those markets where it is clear that competition cannot be achieved by market forces  (2) Where deviation from efficiency is deemed socially desirable  (3) Where the social and private benefits are clearly different, since in each of these cases, it is clear that...
Question One (30 points)Answer the following Three questions: (Your answer is expected to be provided after each question) Question One (30 points) A local shop orders 400 cases of Coca Cola each week and sells them at a price of $5.00 per case. At the end of the first week, they have only sold 160 cases. (6 points each) What is the total revenue received from sales? What economic situation is the shop facing, surplus or ...
Business Cycle AnalysisYou work for Quantigration, Inc., a semiconductor manufacturing plant headquartered in the United States. Capitalizing on advancements in its product, Quantigration has aggressively expanded and acquired fabrication plants and workers around the world. You have recently joined the EWC, an employee-run Economic Watch Committee. Your department manager, Gregory, is putting together his staffing budget for the upcoming yea...
Introduction to the AssignmentThere are five equally-weighted questions and you should answer all of them. All questions are based on the “Pasture†story below. Explain concisely all steps you undertake to answer the questions. Some questions ask you to “explainâ€, state in words, or “discussâ€. This should be possible with one or at most...
Overview of Paper SubmissionYour paper submission will incorporate concepts introduced in the Voices on the Economy PDF (Chapter 3) posted earlier this semester. Chapter 3 presents three different points of view. Conservative, Radical, and Liberal. You will present each of these points of view in a balanced, objective manner as you identify general macroeconomic policies OR policies for a specific policy area. You will have a choice betw...
The Gardening Market Dominated by Home Depot and Lowe’sHome Depot and Lowe’s are competing in an oligopoly market. Both companies dominate the gardening market share both in volume and revenue. In this case, because it is two companies controlling the industry, it would be a duopoly. Even though both companies sell extremely similar substitute products, they both try to differentiate themselves from each other as well as take on di...
TaskThe objective of this assignment is to choose a manufactured consumer product that is meaningful to you and to read six academic articles relevant to this commodity. This is an annotated bibliography. For this assignment, you should identify and summarize six academic sources. Try to choose the most relevant sources. You should choose articles on the commodity or industry you are studying or general articles about commodity chains, commo...
Problem 5.5: Increase in w1 and w2 with w1/w2 unchanged5.5. Consider the problem investigated in (5.16) (5.21). Â (a)Show that an increase in both w1 and w2 that leaves w1/w2 unchanged does not affect ?1 or ?2. Â (b)Now assume that the household has initial wealth of amount Z > 0. Â (i)Does (5.23) continue to hold? Why or why not? Â (ii)Does the result in (a) continue to hold? Why or w...
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You only submit research idea that is related to international trade, for obvious reasons. Mini research proposal will be at most 250 words (excluding references). They will feature the following things: A brief description of your research idea Explanation of how it relates to prior literature and what your idea might contribute to this literature A description of the methods to be used A description (brief) of the data you are thinking...
Peppa Company produces two products, X and Y, both made from the same material. Until now, it has used traditional absorption costing to allocate overheads to its products. The company is now considering an activity based costing system. Information for the two products for the last year is as follows: X Y Production and sales volumes (units) 30,000 50,000 Selling price...
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Complete All the following 12 short-answer questions (26 marks total). Total word count: 700 words. How does implicit rationing differ from explicit rationing? Please give an example.(2 mark) Outline two methods of explicit rationing.(2 marks) What is sensitivity analysis, why is it important and what form can it take? Please support your answer with evidence.(2 marks) What are quality-adjusted life years (QALYs) and cri...
Task Question 3 a) Define Gross Domestic Product (GDP). (4 marks) b)Explain the following expenditures in the Expenditure Approach for measuring the GDP: i) Consumption ii) Investment iii) Government expenditure iv) Net Export c) Suppose the production and prices of pizza and burgers in Country Z in 2014 (base year) and 2015 are as follows: Quanti...
Question: The main aim of this assignment is to understand the effectiveness of UAE economic policies as part of COVID-19 post strategies. This will help to enhance the economic growth of various sectors and will lead to improved growth. Read the “UAE develops systematic response plan for economic sustainability and business continuity: UAE Government Meeting” Page No. 6 (from the uploaded file). Discuss that what were the m...
Learning outcomes from the Module Descriptor/Specification:Throughout the module you will asked to engage in a range of formative assessment tasks. These may be in the classroom or to be completed in between taught sessions. These formative assessment activities are designed to build your knowledge, understanding and ability to apply concepts learned in class. In order to further equip you with topic specific knowledge and understanding, and ...
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