The debate reflects different theoretical positions on China and the Dragon. Which view represents the Realistic view of trade and, which position reflects the Liberal view of trade?

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Answer the first 3 questions on a page and a half

1. Based upon the titles of the 2nd and 3rd videos what comes to mind and why? Realism, Mercantilism or Liberalism?
2. The debate reflects different theoretical positions on China and the Dragon. Which view represents the Realistic view of trade and, which position reflects the Liberal view of trade?
3. During his presidency, what position did President Donald Trump take – a Liberalist or Mercantilist perspective? What specifically did Mr. Truchomp do or say that leads to your conclusion?

What are some of the major effects of MNCs on home and host states? Do you think that the effects have on the average been more positive or negative?

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Effects of MNCs

What are some of the major effects of MNCs on home and host states?

Do you think that the effects have on the average been more positive or negative?

How can Multinational Companies help or hinder the achieve UNCTAD SDGs?

You must cite an example of multinational corporations that you know or have read about. You can cite a multinational corporation that is in existence or was once in existence.

 

Now suppose the secretary of labor proposes an increase in the minimum wage. What effect would this increase have on employment? Does the change in employment depend on the elasticity of demand, the elasticity of supply, both elasticities, or neither?

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Federal minimum-wage law

Read the case “The Minimum Wage” from Chapter 6 “Supply, Demand, and Government Policies” Page: – 117 given in your textbook – “Principles of Macroeconomics”.  A case study discusses the federal minimum-wage law.

 

Questions: 1

  1. Suppose the minimum wage is above the equilibrium wage in the market for unskilled labor. Using a supply and-demand diagram of the market for unskilled labor, show the market wage, the number of workers who are employed, and the number of workers who are unemployed. Also show the total wage payments to unskilled workers. (100 – 150 words – 1.25 point)

 

  1. Now suppose the secretary of labor proposes an increase in the minimum wage. What effect would this increase have on employment? Does the change in employment depend on the elasticity of demand, the elasticity of supply, both elasticities, or neither? (100 – 150 words – 1.25 point)

 

  1. What effect would this increase in the minimum wage have on unemployment? Does the change in unemployment depend on the elasticity of demand, the elasticity of supply, both elasticities, or neither? (100 – 150 words – 1.25 point)

 

  1. If the demand for unskilled labor were inelastic, would the proposed increase in the minimum wage raise or lower total wage payments to unskilled workers? Would your answer change if the demand for unskilled labor were elastic? (100 – 150 words – 1.25 point)

 

Important Note: – Support your submission with course material concepts, principles, and theories from the textbook.

 

Questions: 2    (5 Marks)

  1. Should a nation tend to export or import goods for which it has a comparative advantage? Explain. Why do economists oppose policies that restrict trade among nations? (Minimum 500 words).  (2.5 Marks)
  2. Maria can read 80 pages of economics in an hour. She can also read 40 pages of sociology in an hour. She spends 6 hours per day studying. (2.5 Marks)
  3. Draw Maria’s production possibilities frontier for reading economics and sociology.
  4. What is Maria’s opportunity cost of reading 120 pages of sociology?

 

 

What is the difference between a system in which subjective and objective are rigidly distinct, and the subjective has primacy; and a system in which subjective and objective are continuous with one another, and neither has primacy? What are the implications of this difference for economic theory?

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Economic theory

What is the difference between a system in which subjective and objective are rigidly distinct, and the subjective has primacy; and a system in which subjective and objective are continuous with one another, and neither has primacy? What are the implications of this difference for economic theory?

In thinking about these concepts, be precise and rigorous; use your own method to work through them (but be sure that it is precise and rigorous); don’t quote use your own words to express your own thoughts.

 

Discuss what is meant by the Classical belief that the economy is self-correcting. When did this theory break apart?What might be some Keynesian prescriptions to get the economy out of an economic slump? Explain how this works.

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PRINCIPLES OF MACROECONOMICS   

INSTRUCTIONS: Show your work / explain your answers or you will lose credit.

Discuss what is meant by the Classical belief that the economy is self-correcting. When did this theory break apart?What might be some Keynesian prescriptions to get the economy out of an economic slump (both fiscal and monetary)? Explain how this works

Explain stagflation. What did Paul Volcker do to combat this issue?

Explain carefully the difference between GDP and GNP.

Why aren’t intermediate goods counted in GDP?

Explain what is meant by the concept of “value added” and how it can be used to calculate GDP.

Explain the difference between calculating GDP using the expenditure approach and the income approach.

Identify which of the following item(s) would be included in U.S. GDP: (a) The output of a U.S.-owned family farm in Kansas  (b) Food stamp payments (c) Welfare checks (d) Ebay’s used goods

Explain/justify the model specification which you use and discuss your results. State any limitations of the empirical analysis that we have to consider.

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Panel model in Rstudio

  • Given the provided data, devise and estimate an appropriate panel model with which to investigate the determinants of FDI flows (from Germany to other countries), for a single industry (it does not matter which industry code you choose).
  • Explain/justify the model specification which you use and discuss your results.
  • State any limitations of the empirical analysis that we have to consider.

 

 

Select a country of your choice and discuss why the country imposes trade barriers. What is the effect on the economy of the country? What are the arguments for and against trade barriers in your chosen country?

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Economics Question

Critical Thinking: Trade barriers (100 Points)

Select a country of your choice (other than Saudi Arabia) and discuss why the country imposes trade barriers. What is the effect on the economy of the country? (Analyze the effect on the trade balance, employment, and economic growth). What are the arguments for and against trade barriers in your chosen country?

Directions:

  • Your essay is required to be four to five pages in length, which does not include the title page and reference pages, which are never a part of the content minimum requirements.
  • Support your submission with course material concepts, principles, and theories from the textbook and at least three scholarly, peer-reviewed journal articles. Use the Saudi Digital Library to find your resources.
  • Use Saudi Electronic University academic writing standards and follow APA style guidelines.
  • It is strongly encouraged that you submit all assignments into Turnitin prior to submitting them to your instructor for grading. If you are unsure how to submit an assignment into the Originality Check tool, review the Turnitin – Student Guide for step-by-step instructions.
  • Review the grading rubric to see how you will be graded for this assignment

 

What is the current quantity demanded of Coke? Draw the demand curve for Coke, and write the equation. If Coke increased its advertising expenditure by $1 million, by how much would the quantity demanded of Coke change?

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Economics Question

Assume that demand for Coke is estimated as:

QC = 26 – 4PC + 2PP + 2AC + I + 9S where: QC = quantity demanded of Coke (ten million cases)

  • PC = price of Coke (dollars per 10 cases)
  • PP = price of Pepsi (dollars per 10 cases)
  • AC = advertising expenditure on behalf of Coke (millions of dollars)
  • I = per capita disposable income in the U.S. (thousands of dollars)
  • S = variable equal to one in spring and summer and zero otherwise

Assume that the current price of Coke is $10 and the price of Pepsi is $8 (both per 10 cases). Coke spends $6 million on advertising and per capita disposable income in the U.S. is $20,000. It is currently summer.

  1. What is the current quantity demanded of Coke?
  2. Draw the demand curve for Coke, and write the equation.
  3. If Coke increased its advertising expenditure by $1 million, by how much would the quantity demanded of Coke change? Add the new demand curve to your graph.
  4. If the price of Pepsi increased by 10%, by what percent would quantity demanded of Coke change (and in what direction)? Based on this, are Coke and Pepsi substitutes or complements?
  5. Based on this information, is Coke a normal or inferior good? How do you know this?
  6. What is the current price elasticity for Coke? If the price of Coke increased by 10%, by how much would you expect quantity demanded to change? Is demand for Coke elastic or inelastic?
  7. What is the current consumer surplus from Coke? (Use the original demand curve.)
  8. Suppose Coke increased its price to $12. How much would consumers of Coke be willing to pay to avoid this price increase?

 

 

Should a nation tend to export or import goods for which it has a comparative advantage? Explain. Why do economists oppose policies that restrict trade among nations?

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The Minimum Wage

Read the case “The Minimum Wage” from Chapter 6 “Supply, Demand, and Government Policies” Page: – 117 given in your textbook – “Principles of Macroeconomics”. A case study discusses the federal minimum-wage law.

Questions: 1

Important Note: – Support your submission with course material concepts, principles, and theories from the textbook.

Questions: 2 (5 Marks)

  • Should a nation tend to export or import goods for which it has a comparative advantage? Explain. Why do economists oppose policies that restrict trade among nations? (Minimum 500 words). (2.5 Marks)
  • Maria can read 80 pages of economics in an hour. She can also read 40 pages of sociology in an hour. She spends 6 hours per day studying. (2.5 Marks)
  • Draw Maria’s production possibilities frontier for reading economics and sociology.
  • What is Maria’s opportunity cost of reading 120 pages of sociology?

 

 

Discuss the topic “What Is Public Administration?“. Use the book for reference and try to get some info from it. Add things from you to show that you understand the topic.

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What Is Public Administration

Discuss the topic “What Is Public Administration?“.

Use the book for reference and try to get some info from it. Add things from you to show that you understand the topic.