Economics

Assignment Questions & Answers

Recent Economics Questions & Answers

• Use the data in HAPPINESS.RAW for this question. See also Computer Exercise C15 in Chapter 13. (i)...

  Use the data in HAPPINESS.RAW for this question. See also Computer Exercise C15 in Chapter 13. (i) Estimate a probit probability model relatingvhappytooccattendandregattend, and include a full set of year dummies. Find the average partial effects... Posted 10 hours ago
• Suppose there is a permanent fall in private aggregate demand for a country’s output...

  1. How does the DD schedule shift if there is a decline in investment demand? 2. Suppose there is a permanent fall in private aggregate demand for a country’s output (a downward shift of the entire aggregate demand schedule). What is the effect on... Posted 18 hours ago
• During the current COVID-19 pandemic many countries have imposed quarantine on their...

  During the current COVID-19 pandemic many countries have imposed quarantine on their populations in order to limit/ stop the spread of the disease and avoid overload on the health system. While these measures are justified from the health... Posted 20 hours ago
• A manager of a nightclub realizes that demand for drinks is more elastic among students and is...

  A manager of a nightclub realizes that demand for drinks is more elastic among students and is trying to determine the optimal pricing schedule. Specifically, he estimates the following average demand for his customer types: Under 25: q^r=18-5p Over... Posted yesterday
• A student has to decide whether to go to a party on the night before an exam. If they go to the...

  A student has to decide whether to go to a party on the night before an exam. If they go to the party, then they have the probability ? of writing a good exam and the probability 1 ? of writing a bad exam. If they do not go to the party, then they... Posted yesterday
• Analyse the effects of quarantine on GDP, employment and the unemployment rate....

  Part 1 (20 marks) GDP and unemployment a) Analyse the effects of quarantine on GDP, employment and the unemployment rate. Which industries are likely to be most affected and which industries are likely to be least affected by quarantine measures? b)... Posted 3 days ago
• The tabulation of the incremental cash ?ows between alternatives A and B is shown on the next page....

  The tabulation of the incremental cash ?ows between alternatives A and B is shown on the next page. Alternative A has a 3-year life and alternative B a 6-year life. If neither alternative has a salvage value, what is ( a ) the ?rst cost of... Posted 3 days ago
• : Based on consulting economist’s report, th total and marginal cost functions for Advanced...

  : Based on consulting economist’s report, th total and marginal cost functions for Advanced Electronics, Inc. are TC = 200 + 5Q – 0.04Q 2 + 0.001Q 3 MC = 5 – 0.08Q + 0.003Q 2 The president of the company determines that knowing only these equations... Posted 4 days ago
• You are given the following model: appr = b 0 + b1 loanprc + b 2atotinc +b 3 atotinc.^2sq. + b4obrat...

  You are given the following model: appr = b 0 + b1 loanprc + b 2atotinc +b 3 atotinc.^2sq. + b4obrat + b5pubrec + u, 4 5 2 b 0 b1 b 2 b 3 b b , in which: - approve: =1 if loan is approved, and 0 if not. - obrat: other obligations, % of total income -... Posted 5 days ago
• Assuming that global international trade sharply declines because of the “trade war”...

  Assuming that global international trade sharply declines because of the “trade war” (in the forms of increases in tariff and other trade barriers such as import quota and export subsidies on both sides) between the U.S. and China, the U.S. and the... Posted 5 days ago
• An economy produces three goods: houses, guns, and apples. The price of each is $1....

  An economy produces three goods: houses, guns, and apples. The price of each is $1. For the purposes of this problem, assume that all exchange involving houses involves newly constructed houses. (a) Households buy 10 houses and 90 apples, eating... Posted 5 days ago
• A company must purchase one reactor to be used in an overall operation. Four reactors have been...

  A company must purchase one reactor to be used in an overall operation. Four reactors have been designed, all of which are equally capable of giving the required service. The following data apply to the four designs: Posted 7 days ago
• Cost-saving proposals 600 words Recognising these cost elements of this business, or a typical...

  Q1: Cost-saving proposals 600 words (max. 200 words per proposal)Recognising these cost elements of this business, or a typical business like this, propose ways it can cleverly save costs (be more cost-efficient) by: (i) reducing fixed cost (ii)... Posted 8 days ago
• In what follows, ignore the negative impact that social distancing has on household income. Assume...

  In what follows, ignore the negative impact that social distancing has on household income. Assume that individuals’ income remains unchanged. The government would now like you to help them understand “hoarding” behaviour and its effect on the... Posted 8 days ago
• Find a real world example from 2019-2020 of a change in market conditions, for example an observed...

  Find a real world example from 2019-2020 of a change in market conditions, for example an observed change in prices or the quantity of a good or service. Using theories of economics, such as the demand and supply model, explain the impact of changing... Posted 8 days ago
• Assume that individuals’ income remains unchanged with and without social distancing....

  2. In what follows, ignore the negative impact that social distancing has on individuals’ income. Assume that individuals’ income remains unchanged with and without social distancing. Now that people are “social distancing” and are on home quarantine... Posted 8 days ago
• Describe the measures undertaken by the Reserve Bank of Australia in combating inflation while...

  Using the principles of economics covered in learning materials from week 1 to week 10 inclusive, students should apply their understanding to analyse the macroeconomic issues and the policy responses. Students are expected to conduct some basic... Posted 9 days ago
• Explain the difference between monopoly and monopoly power. In reality, do monopolists always have...

  Explain the difference between monopoly and monopoly power. In reality, do monopolists always have more monopoly power than firms in oligopolistic sectors? Why or why not? With the aid of an example, Posted 9 days ago
• In 2017, Nepal’s production of rice and machinery was published by the Nepal Bureau of Statistics...

  Question1 In 2017, Nepal’s production of rice and machinery was published by the Nepal Bureau of Statistics(NBS)as indicated by the table below: Production in Nepal Position P Q R S T U V W X Y Z Rice (1000 tons) 0 10 26 37 45 50 55 59 66 77 80... Posted 9 days ago
• Students select a real-world case study based on their own industry or workplace context, and submit...

  Students select a real-world case study based on their own industry or workplace context, and submit a 2500-word report on an appropriate aspect of business economics. The assessment task is intended to simulate the composition of a formal report to... Posted 9 days ago
• Explain how GDP is measured in your country. Provide real life examples. While your textbook is your...

  (a) Explain how GDP is measured in your country. Provide real life examples. (4 marks) While your textbook is your first point of reference, you should consult other references in order to receive full marks. Use real life examples (with references)... Posted 9 days ago
• Consider an economy with one consumer with a Cobb-Douglas utility function for consumption, x, and...

  Consider an economy with one consumer with a Cobb-Douglas utility function for consumption, x, and leisure, R: u(x, R) = X 0.5 R 0.5 . X is produced by one firm according to X=, where L is amount of labour input. The consumer is endowed with 1 unit... Posted 9 days ago
• Analyse the effects of quarantine on GDP, employment and the unemployment rate....

  During the current COVID-19 pandemic many countries have imposed quarantine on their populations in order to limit/ stop the spread of the disease and avoid overload on the health system. While these measures are justified from the health... Posted 9 days ago
• Let us modify Computer Exercise C4 in Chapter 8 by using voting outcomes in 1990 forincumbents who...

  Let us modify Computer Exercise C4 in Chapter 8 by using voting outcomes in 1990 forincumbents who were elected in 1988. Candidate A was elected in 1988 and was seekingreelection in 1990; voteA90 is Candidate A’s share of the two-party vote in 1990.... Posted 9 days ago
• Evaluate the following claim: “The extreme social distancing currently being advocated for in the...

  Evaluate the following claim: “The extreme social distancing currently being advocated for in the United States will end up killing more people than the Corona Virus would have in the absence of social distancing.” Feel free to take either side of... Posted 10 days ago
• Use the NBS production table and production possibility frontier to answer the following questions...

  Use the NBS production table and production possibility frontier to answer the following questions: A. Name positions B, V and D. Also, as indicated in the table, supposing Nepal is operating at level T, what is the opportunity cost of producing... Posted 10 days ago
• ATT&T and Time Warner (Spectrum) has been viewed a great deal since it may have great benefits for...

  ATT&T and Time Warner (Spectrum) has been viewed a great deal since it may have great benefits for customers. But the critics of such merger claim that this deal will hurt customers. Should the Government approve this merger? Provide your arguments... Posted 10 days ago
• Using a production possibilities frontier (PPF) diagram, determine how does the PPF change...

  Question 1 Using a production possibilities frontier (PPF) diagram, determine how does the PPF change in response to the following events: a) Reducing skilled migration into the country b) Imposing import taxes (tariffs) on intermediate inputs c)... Posted 12 days ago
• In 1984 and 1985, the small Latin American country of Bolivia experienced hyperinflation....

  1. In 1984 and 1985, the small Latin American country of Bolivia experienced hyperinflation. Below are some key macroeconomic data from those years: Macroeconomic Data for Bolivia, April 1984 – October 1985 Posted 13 days ago
• Are rapid economic growth and equal distribution of personal income necessarily conflicting...

  Are rapid economic growth and equal distribution of personal income necessarily conflicting objectives? Posted 13 days ago
• Analyse and evaluate the market structure of the airline industry. In your analysis, determine...

  Analyse and evaluate the market structure of the airline industry. In your analysis, determine whether the current market is concentrated or not. In your discussion, use economic tools or models to make this decision. You should also consider who... Posted 13 days ago
• In 2017, Nepal’s production of rice and machinery was published by the Nepal Bureau of Statistics...

  Tutorial Submission Question 1 Assessment Question Week 2: Production Possibility Frontier (PPF) Question 1 In 2017, Nepal’s production of rice and machinery was published by the Nepal Bureau of Statistics (NBS) as indicated by the table below:... Posted 14 days ago
• Your goal: to advise them on how to be cost-efficient, be more competitive in the market, grow the...

  Your goal: to advise them on how to be cost-efficient, be more competitive in the market, grow the business, and design their pricing and non-pricing strategies. In essence: you will develop ideas to make that business more successful, and more... Posted 14 days ago
• The Oslo Accords (including the Protocol on Economic Relations) signed in 1994 had set the stage...

  Instruction: 1) The answers of the assignment must be printed. 2) Make sure that the content of your answers is clear and understandable. Question 1) The Oslo Accords (including the Protocol on Economic Relations) signed in 1994 had set the stage for... Posted 14 days ago
• Analyze the baseline model of Schumpeterian growth in Section 14.1 assuming that (14.5) is not...

  Analyze the baseline model of Schumpeterian growth in Section 14.1 assuming that (14.5) is not satisfied. (a) Show that monopolists set a limit price. (b) Characterize the BGP equilibrium growth rate. (c) Characterize the Pareto optimal allocation,... Posted 14 days ago
• Demonstrate an advanced level of understanding of theories that propose exogenous drivers of...

  Students who successfully complete this subject will be able to: 1. demonstrate an advanced level of understanding of theories that propose exogenous drivers of economic growth to explain economic growth differences; 2. demonstrate integrated... Posted 14 days ago
• Describe the destination with reference to location, size, demographics, governance and a brief...

  Case Study 1. Describe the destination with reference to location, size, demographics, governance and a brief history of tourism development. (20 marks) 2. Discuss the major impacts of Covid 19 on tourism for the destination, including social,... Posted 14 days ago
• Consider the US quarterly real gross national product from the first quarter of 1947 to the third...

  Consider the US quarterly real gross national product from the first quar- ter of 1947 to the third quarter of 2011. The data are in the file q-GNPC96 txt, seasonally adjusted, and in billions of chained 2005 dollars. Let xt be the growth rate series... Posted 15 days ago
• How can states respond effectively to cyber-attacks originating beyond their own borders?...

  Pick one question to answer only. 1. How can states respond effectively to cyber-attacks originating beyond their own borders? Compare and evaluate responses of two or three different governments. 2. How have the Internet and cyber-weapons impacted... Posted 15 days ago
• Write a MATLAB code (.m file) to compare the bit error rate of (15,11) Hamming code and...

  Write a MATLAB code (.m file) to compare the bit error rate of (15,11) Hamming code and ?-convolutional code in addition to the performance of uncoded system. The simulation parameters are shown below: Posted 15 days ago
• Daily foreign exchange rates (spot rates) can be obtained from the Federal Reserve Bank of New...

  1. Daily foreign exchange rates (spot rates) can be obtained from the Federal Reserve Bank of New York. The data are the noon buying rates in New York City certified by the Federal Reserve Bank of New York. Consider the exchange rates between the... Posted 16 days ago

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• Describe the destination with reference to location, size, demographics, governance and a brief...

  Case Study 1. Describe the destination with reference to location, size, demographics, governance and a brief history of tourism development. (20 marks) 2. Discuss the major impacts of Covid 19 on tourism for the destination, including social,... Posted 16 days ago
• 1. Uber—we discussed in class how a tech company like Uber would like to enter the transportation...

  1. Uber—we discussed in class how a tech company like Uber would like to enter the transportation space. Why would a tech company like Uber want to be involved with an aging? U.S. infrastructure, and transit? Why does Uber even care? Are we seeing... Posted 17 days ago

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• What does the name of the IS curve stand for? Note the following identity might give you some hint:...

  What does the name of the IS curve stand for? Note the following identity might give you some hint: My to break the left-hand side of the above equation into three kinds of savings. We have discussed under the consumption model the idea of... Posted 17 days ago

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• Who wrote this article, when, how did they gather this information? Did they provide Apple with...

  Who wrote this article, when, how did they gather this information? Did they provide Apple with this information and ask them to comment on their data? Profile Apple: How many products and what kind does it produce What year did Apple move to global... Posted 17 days ago
• Use the NBS production table and production possibility frontier to answer the following questions:...

  Use the NBS production table and production possibility frontier to answer the following questions: A. Name positions B, V and D. Also, as indicated in the table, supposing Nepal is operating at level T, what is the opportunity cost of producing... Posted 18 days ago
• What role does the U.S. Federal Reserve System play in the economy?...

  What role does the U.S. Federal Reserve System play in the economy? How does the Fed increase or decrease the money supply? How does the change in the money supply affect the interest rate in the economy? When is it appropriate to “cut” or “raise”... Posted 19 days ago
• What is the probability of having a third child for parents whose first two children are the same...

  Question 1 What is the probability of having a third child for parents whose first two children are the same gender? What about for parents whose first two children are of different genders? Describe why this provides a ‘first-stage’ for the... Posted 19 days ago

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• Starting with Altair at 20,000 workers, Botein at 20,000 workers, and Canopus at 20,000 workers...

  Starting with Altair at 20,000 workers, Botein at 20,000 workers, and Canopus at 20,000 workers what will the populations of these three cities be in their eventual stable equilibrium? Posted 19 days ago

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• Use the NBS production table and production possibility frontier to answer the following questions:...

  Use the NBS production table and production possibility frontier to answer the following questions: A. Name positions B, V and D. Also, as indicated in the table, supposing Nepal is operating at level T, what is the opportunity cost of producing... Posted 20 days ago