Suppose a resident of Canada buys some machine tools from a company in Japan. Explain why and in what directions this changes Canada net exports and Canada net capital outflow.

Assignment 2 Questions: Chapter 15, 17 & 18 1.A country has 150,000 people. Of these 25,000 are children under the age of 16. 92000 people have jobs and 8000 don’t have job and are looking for work and 25,000 people are retired. a.Calculate the labour force participation rate . b.Calculate the unemployment rate . 2.What […]

How Albaik is managing their success with relatively lower prices? In which type of market structure Albaik is working? justify your answer by explaining the features of that market structure. Explain, what future you see for fast-food industry in your city.

Assignment Questions: Q1. Finally, 6 years back, Albaik entered the Riyadh Market, though it was working successfully in other major cities of Saudi Arabia. Make a brief analysis of success story of Albaik in fast food industry in your city, taking following points into consideration. [ 7 points] List major competitors of Albaik in your […]

Pikketty believes in introducing tax for the wealthy bracket (1%) to reduce inequality. However many policy makers disagree with this proposal. Explain why this is and implore model such as solow and any other you may think is necessary.

1. For this question apply solow growth model. China’s ambition towards becoming a developed country in the next decade is threatened by an aging population, high debt levels, slowing down in productivity growth thus the goal of achieving annual growth of 4% need to reach it’s ambitious goal, as suggested by studies is impossible as […]

What happened to Kaiser’s cost of producing aluminum when the price of electricity went up? Imagine there was another aluminum plant, Alcoa, that didn’t have the rights to buy electricity at a low price. After the price of electricity went up how did production costs for Alcoa compare to production costs for Kaiser?

Fill in the following table assuming computers are a fixed input that costs $30 per unit to rent and labor is a variable input that costs $12 per unit: Computers Labor Q APL MPL FC VC Cost MC AFC AVC AC 10 0 0 10 1 200 10 2 300 10 3 200 10 4 […]

Calculate the rate of inflation for 2007 and 2008 using the GDP deflator as your price index. Assume that 2006 is still the base year.

⦁ National income accounting deals with the aggregate measure of the outcome of economic activities. The most common measure of the aggregate production in an economy is Gross Domestic Product (GDP). The table below provides Country’s national income accounting. Use this data to answer the following questions. Transfer Payments $ 54 Interest Income $ 186 […]

Analyze the impacts of openness to trade in general. Why and how are the impacts of monetary and fiscal policies different in a closed economy versus an open economy? Support your claims with specific details from the course reading.

You have just completed your seven-year term as the chief economic policy advisor responsible for managing the economy of the nation of Econland. You are expected to create a report for the incoming administration. In this outgoing report, you will summarize your macroeconomic policy decisions and the economic outcomes for Econland. The purpose of this […]

Watch the following video(s), which you can access in the Weekly Media object or by clicking on the link(s) below: and answer the question.Discuss what did Malthus get wrong?

Read the following to prepare for this week: Survey of Economics, Chapter 5: Production Technology and Cost Video: MIT OpenCourseWare video lecture series, “Productivity and Costs”) Watch the following video(s), which you can access in the Weekly Media object or by clicking on the link(s) below: and answer the question. ;list=SP61533C166E8B0028&index=10 6.3 Test your Knowledge […]

Do an online search of rock paper scissors and summarise the evolutionary dy­namics of one model that you find with a focus on the following questions. What is the adjustment process being assumed? What determines whether you get convergence to the Nash equilibrium or divergence from the Nash equilibrium or cycles?

A group of 10 students are matched into pairs to play rock paper scissors. They must simultaneously make a shape with their hand; scissors beats paper, paper beats rock and rock beats scissors. The payoffs are R P S R 1,1 0,2 2,0 P 2,0 1,1 0,2 S 0,2 2,0 1,1 The game proceeds in […]

Illustrate the basins of attraction on a line and indicate how many mutations are required to escape from each equilibrium.

Part 1 Equilibrium Selection Consider the following version of the example in section 2 of Kandori et al . “Learn-ing, mutation, and long run equilibria in games” with students meeting in pairs every period to work together with each using one of two computer systems, si or 82. There are 9 students in the group […]

When a country’s currency appreciates, is this generally good news or bad news for a country’s consumers? Is it generally good or bad news for the country’s businesses? Explain your reasoning – try to use examples.

When a country’s currency appreciates, is this generally good news or bad news for a country’s consumers? Is it generally good or bad news for the country’s businesses? Explain your reasoning – try to use examples.

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