#2 National Income Accounting: Define gross domestic product. Determine whether each of the following would be included I the 2007 U.S. gross domestic product: a. Profits earned by Ford Motor Company in 2007 on automobile production in Ireland. b. Automobile parts manufactured in the United States in 2007 but not used until 20
Please help with the following problem involving economics. In 200-300 words, answer the following questions about the current US economic situation - What has caused the current account deficit of the USA in recent history? - Why is this a serious problem? This is for a 400 level course so an intelligent thought out resp
1. In the context of a supply-demand diagram of the low-skill labour market, a minimum wage above the competitive equilibrium will reduce employment relative to the competitive equilibrium. Show that the total revenue earned by labour may nonetheless increase. Given such an increase, show that, if all workers have the same chan
Generally accepted accounting principles (GAAP) assist the development of anagement accounting systems. Do you agree? Explain.
Need help in preparing a 1 page paper discussing the major retirement planning programs and how they work. Please include the reference material.Please do not copy the information word for word.
Define List the components of GDP in the output (expenditures) approach and in the income approach, NDP, NI, PI, and DI.
1. Define List the components of GDP in the output (expenditures) approach and in the income approach, NDP, NI, PI, and DI. 2. What is an investment schedule and how does it differ from an investment demand curve? 3. What is Say's law? How does it relate to the view held by classical economists that the economy generally wil
Hi. Here are some questions I'd like to compare the answers with. 1. A company sells regulators to other manufacturers who then customize and distribute the products to quality assurance labs for their sensitive test equipment. The yearly volume of output is 15,000 units. The selling price and cost per unit are shown below
1. Fixed capital and labor expenses = 1.2million/year Variable expenses = 2,000/unit of output Demand: Q = 1000 - 0.1P A. Calculate profit-maximizing output, price, and profit levels B. Using the Lagrangian multiplier method, calculate profit maximizing output, price, and profit levels in light of a parts shortage that
Among the problems that hinder growth in developing economies are poor infrastructure, lack of financial institutions and a sound of money supply, a low saving rate, poor capital base, and a lack of foreign exchange. How these problems are connected with each other?
Using an appropriate diagram, show and explain briefly how a rise in the minimum wage could result in higher employment in a monopolistic labor market. Could a similar increase in employment accompany the rise in the minimum wage if the labor market is not monopolistic? Explain your reasoning.
Identify the pros and cons of the following consequences of outsourcing decisions made by U.S. companies in response to growing globalization and tougher competition in the marketplace. Provide a comparative analysis of the differing or similar perspectives of CEO's and senior executives, shareholders, middle managers, economist
See Attachment. a) Are hourly employment costs a fixed or variable cost? b) How is the average total cost curve affected by these changes in costs? In the chart you found, what has been the trend in employment costs since 2002? c) What is the likely implication of the trend in employment cost on profits?
For multinational corporations, friction costs arise where practices of the firm are seen by the public as exploitative or unethical. These actions lead to public criticism and loss in the value of the company's goodwill and may translate into measurable sales losses. There is growing evidence that a corporation's image can
Please note: - this is a master's level, so please explain every step you make in you answer. -If you think you could give me a fully perfect answer for this question, then let me know and I'll restrict the posting for you. Question: What is mean by "neutrality" or "superneutrality" of money? Give examples and discuss wh
Use the internet or other credible resources to find an article specifically related to the resolution of a legal dispute.
See attached file for full description. Use the internet or other credible resources to find an article specifically related to the resolution of a legal dispute. Prepare a 350-word summary of the article. Briefly summarize the major topics of the article. Identity the legal business issue(s) raised in the article, Discuss h
Consider the following information for a T-shirt manufacturing firm that can sell as many T-shirts as it wants for $3 per shirt: Number of workers Number of shirts produced per day MP(L) TR MRP(L) 0 0 1 30 2 80 3 110 4 135 5 20 6 170 7 30 8 15 a) Fill in all the blanks in the table. b
Total labor force was 150,000,000 of a possible 230,000,000 working-age adults. The total number of unemployed people was 7,300,000. 1. Labor force participation rate 2. Unemployment Rate 3. Employment Rate.
Dear OTA: Please help me complete this task. These are the questions I need answered but I sent an attachment through to that explains what I ultimately need done. Thank you so much!!!! ? Please describe the concepts of full employment, inflationary gaps, and recessionary gaps. ? Please identify and describe the current
You observe that output is above full-employment output. Politicians are arguing about the possible reasons. One party claims that this is due to a drop in world oil prices. The other party claims that this is due to an increase in consumer spending. Using aggregate supply-aggregate demand graphs, explain (a) how each of the abo
Please help me understand this! What did Keynes say we should do to Aggregate Demand during times of recession or depression? How should it be done according to Keynes? Draw the supply and demand curves to illustrate.
Throughout the 1990s, Western Europe experienced high rates of unemployment, while in the United States, the rate of unemployment remained far below the natural rate.
Throughout the 1990s, Western Europe experienced high rates of unemployment, while in the United States, the rate of unemployment remained far below the natural rate. Use the insights of the classical and Keynesian views of wages and unemployment to explain the differences in unemployment rates between the United States and West
Kindly explain and use diagrams where appropriate, thank you. Please see the attached file. Microeconomics. 1. Assume that, by using all its resources to produce X, nation A can produce 80 units of X; by devoting all its resources to Y, it can produce 40 units of Y. Comparable figures for nation B are 60 units of X an
I need to find an article, it has to be from the Wall Street Journal, Fortune, Business Week, Forbes or Entrepreneur that I can answer the following questions from. 1) What is the objective of the article? Please note that the article has to be relevant to microeconomics and the topics covered in this class. 2) What topics a
Please help me with the attached question. One page total (including graphs). Suppose you anticipate that the "Bush tax cuts" on capital gains and income will be reversed next year (or, more accurately, be allowed to expire). You believe the higher capital gains taxes will have a negative impact on capital formation. Depi
Please see the attached file. 1. AGGREGATE OUTPUT/INCOME CONSUMPTION PLANNED INVESTMENT 2000 2100 300 2500 2500 300 3000 2900 300 3500 3300 300 4000 3700 300 4500 4100 300 5000 4500 300 5500 4900 300 a. At each level of output calculate savings. At each level of output, calculate unplanned investment ( inventory
Consider a country with an economic structure consistent with the assumption of the classical model. Suppose that businesses in this nation suddenly anticipate higher future profitability from the investments they undertake today. Give reasons to explain whether or how this could affect the following: 1.The current equilibri
What are absolute advantage and comparative advantage? Why will resources specialize according to their comparative advantages?
2. What are absolute advantage and comparative advantage? Why will resources specialize according to their comparative advantages? Why will this specialization increase production? Why will specialization increase trade? 7. Who is counted as employed or unemployed in the unemployment statistics? What groups in society are not
Why does the government support public education when the private sector also provides this service?
4. Why does the government support public education when the private sector also provides this service? Are these reasons the same as those for government providing services such as police protection and the National Weather Service? 5. What is the basic thrust of Keynesian demand-side policies? Why was economic policy based
Which of the following is an example of Adverse selection problem and which is a moral hazard incentive problem? In each case, give one method that the restaurant might use to reduce the problem 1) A restaurant decided to offer an all-you-can-eat buffet that is sold for a fixed price. The restaurant discovers that the custom
What happens to the money supply, interest rates, and the economy in general if the Federal Reserve is a NET SELLER of government bonds? What happens to the money supply, interest rates, and the economy in general if the Federal Reserve is a NET BUYER of government bonds.