Case study assignment
How do geography (space), politics (power), economics (money), institutions, culture, and the environment play a role in the Parker reading?
Tag: Economics
Economics
ead the article provided in the above link.
Write a response to the article. Do you agree? Disagree? Why or why not? Your response should be at least one paragraph.
Post your response.
https://slate.com/business/2018/05/the-unemployment-rate-is-historically-low-and-meaningless.html
Economics
Every decision has an Opportunity Cost due to the nature of scarcity, there is always a better alternative not chosen, therefore, there is always an opportunity cost. “The opportunity cost of an alternative is what you give up to pursue it” (Froeb, McCann,Shor & Ward, 2016). When you go to a Maroon 5 concert, you give up $100 of benefits you would have received if you had gone to a Beyoncé concert. Also, you would also avoid $80 of cost for the Beyoncé concert. According to the definition below, the opportunity cost of seeing Maroon 5 concert is $100 – $80 = $20. Please delve into the statement there are always opportunity costs. How can an individual make the best decision? Is there a best decision? Would one miss an opportunity not attending one of the concerts? Include a minimum of one reference.
Economics
Every decision has an Opportunity Cost due to the nature of scarcity, there is always a better alternative not chosen, therefore, there is always an opportunity cost. “The opportunity cost of an alternative is what you give up to pursue it” (Froeb, McCann,Shor & Ward, 2016). When you go to a Maroon 5 concert, you give up $100 of benefits you would have received if you had gone to a Beyoncé concert. Also, you would also avoid $80 of cost for the Beyoncé concert. According to the definition below, the opportunity cost of seeing Maroon 5 concert is $100 – $80 = $20. Please delve into the statement there are always opportunity costs. How can an individual make the best decision? Is there a best decision? Would one miss an opportunity not attending one of the concerts? Include a minimum of one reference.
Economics
What is the relationship between the price elasticity of supply and the incidence of a tax? What about the price elasticity of demand and the impact of a consumption tax? Economists use the term tax incidence to indicate how the burden of a tax is actually shared between buyers and sellers. When a tax is imposed, the government can make either the buyer or the seller legally responsible for payment of the tax. The legal assignment is called the statutory incidence of the tax. However, the person who writes the check to the government – the person statutorily responsible for the tax – is not always the one who bears the burden. The incidence of a tax depends on the responsiveness of buyers and sellers to a change in price. The burden of a tax – it’s incidence – tends to fall more heavily on whichever side of the market has the least attractive options elsewhere; and is therefore less sensitive to price changes. The steepness of the supply and demand curves reflects the degree of responsiveness to a price change. Relatively inelastic demand or supply curves are steeper (more vertical), indicating that they are less responsive to a change in price. Relatively elastic demand or supply curves are flatter (more horizontal), indicating a higher degree of responsiveness to a change in price. Remember that, though closely related, slope and elasticity are different. Excise taxes are placed in good with a very inelastic demand, so the price increases caused by the tax will not affect demand for the good.
Create a two to three page essay that describes how a governmental agency would use the concept of elasticity to determine what products to tax and how to determine the likely effects upon consumers and producers. Provide examples and support all arguments.
Uploaded materials
Economics
Choose an article from a journal or blog such as the Economist, voxeu, etc. Write a review as it relates to any one of the following topics: 1. Ten Principles of Economics 2. The Market Forces of Supply and Demand 3. Measuring the Cost of Living 4. Saving, Investment, and the Financial System 5. The United States Monetary System 6. Money Growth and Inflation
Economics
https://www.forbes.com/advisor/mortgages/real-estate/housing-market-predictions/
https://mitsloan.mit.edu/ideas-made-to-matter/our-top-5-working-definitions-2022
PICK ONE ARTICLE
Articulate the relevant economic theory which the article addresses (Supply and Demand of housing market). Explicitly explain the relevant economic theory.
Use relevant economic theory to evaluate the economic statements and conclusions made in the article. (Which statements are consistent/not consistent
with your understanding of relevant economic theory? Is there
information not included by the author that may help complete the article?
The challenges and opportunities of globalization on business, economics, and management.
Write a literature review about the challenges and opportunities of globalization on business, economics, and management. Kindly take note of any theories, frameworks, and/or models that were found in the articles you will use.
Economics
Indicate the answer choice that best completes the statement or answers the question.
1. (4 Points) In a simple, closed economy (no government or foreign sector), disposable income decreases
from $6,000 to $4,000. If consumption decreases from $4,500 to $3,000, the multiplier is:
a) 0.25
b) 4
c) 1.125
d) 4
e) -1.125
2. (4 Points) Suppose that the consumption function is C = $500 + 0.8YD, where YD is disposable
income. If disposable income is $1,000, savings is:
a) $500
b) $1,300
c) $300
d) $300
e) $1,500
ECON-1020H Assignment 2 1 / 10
ECON-1020H Assignment 2 February 28, 2022
3. (4 Points) Economists use as a model to explain how savers and borrowers come together to
determine the equilibrium rate of interest
a) the money market
b) the market for loanable funds
c) aggregate demand and aggregate supply
d) multiplier
e) central bank
4. (4 Points) The marginal propensity to save is the increase in household savings when increase(s)
by $1
a) investment spending
b) taxes
c) consumption
d) disposable income
e) saving
5. (4 Points) If the marginal propensity to save is 0.5, the multiplier is:
a) 5
b) 2
c) 1
d) 0.5
e) 0.1
ECON-1020H Assignment 2 2 / 10
ECON-1020H Assignment 2 February 28, 2022
6. (4 Points) In an economy with no taxes or imports, if the marginal propensity to consume increases,
the marginal propensity to save will
a) decrease
b) increase by 1
2
c) increase by the same factor as the marginal propensity to consume
d) not change
e) none of the above
7. (4 Points) Consider the simple economy of Behr, whose government does not tax its citizens. The
consumption function of Behr is given by C = 500 + 0.80Y, where Y is income. Autonomous
consumer spending in this economy is:
a) 1000
b) 800
c) 500
d) 300
e) not possible to calculate
8. (4 Points) Suppose the aggregate consumption function is given by C = 1,000 + 0.75YD, where C
is consumption, and YD is disposable income. If disposable income increases by $100, aggregate
consumption will increase by , and autonomous consumption will
a) $1,000; remain at $75
b) $75; increase by $100
c) $100; remain at $1,000
d) $75; remain at $1,000
e) $75; decrease by $75
ECON-1020H Assignment 2 3 / 10
ECON-1020H Assignment 2 February 28, 2022
9. (4 Points) Assume a closed economy in which GDP is $110 billion. If government spending is $30
billion, consumption is $70 billion, taxes are $20 billion, and investment spending is $10 billion,
then:
a) private savings is $10 billion
b) the government’s budget balance is a surplus of $10 billion
c) there are no net savings
d) private savings is $20 billion
e) all of the above
10. (4 Points) Other things being equal, if the interest rate falls below 6%, quantity of loanable
funds will be demanded.
a) the same
b) a larger
c) a smaller
d) at rst a smaller and then a larger
e) at rst a larger and then a smaller
11. (4 Points) The marginal propensity to save plus the marginal propensity to consume must equal:
a) zero
b) one
c) 0.5
d) income
e) savings
ECON-1020H Assignment 2 4 / 10
ECON-1020H Assignment 2 February 28, 2022
12. (4 Points) Use Table: National Income Accounts. The value of national savings is:
Table 1: National Income Accounts
$ Trillions
GDP 20.00
Consumption 14
Government Spending 3
Budget Balance -1.2
a) $14 trillion
b) $3 trillion
c) $3.5 trillion
d) $0.2 trillion
e) $3.2 trillion.
13. (4 Points) The budget balance is zero when:
a) taxes minus government spending equals zero
b) government transfers minus government spending equals zero
c) taxes plus government spending equals zero
d) savings plus taxes equals zero
e) government transfers minus government spending is greater than zero
ECON-1020H Assignment 2 5 / 10
ECON-1020H Assignment 2 February 28, 2022
Use the following graph for Q14-Q15:
14. (4 Points) An economy’s consumption function would shift from curve C to curve C” when there is
a(n):
a) decrease in wealth
b) decrease in the price level
c) increase in the price level
d) increase in expected disposable income
e) none of the above
15. (4 Points) An economy’s consumption function would shift from curve C to curve C’ when there is
a(n):
a) decrease in wealth
b) decrease in the price level
c) increase in the price level
d) increase in expected disposable income
e) none of the above
ECON-1020H Assignment 2 6 / 10
ECON-1020H Assignment 2 February 28, 2022
16. (4 Points) In a simple, closed economy (no government or foreign sector), if disposable income
increases by $1,000, and consumption increases by $600, the marginal propensity to consume is:
a) $600
b) $400
c) 1.67
d) 0.60
e) -0.5
17. (4 Points) The interest rate is 5% in the market for loanable funds. Investors wish to borrow $100
million, and savers wish to save $125 million at this interest rate. We would expect the interest rate
to , as there is a of loanable funds
a) fall; shortage
b) rise; surplus
c) rise; shortage
d) fall; surplus
e) none of the above
18. (4 Points) An increase in a budget surplus is
a) a decrease in public saving
b) an increase in public saving
c) a decrease in private saving
d) an increase in private saving
e) all of the above
ECON-1020H Assignment 2 7 / 10
ECON-1020H Assignment 2 February 28, 2022
19. (4 Points) The demand for loanable funds curve is sloping because respond to lower
interest rates by their quantity demanded of loanable funds.
a) downward; investors; increasing
b) downward; savers; increasing
c) upward; investors; decreasing
d) upward; savers; decreasing
20. (4 Points) Crowding out is a phenomenon in which:
a) an increase in the government’s budget surplus decreases overall investment spending
b) overproduction in the goods market leads to a sharp drop in the aggregate price level
c) an increase in the government’s budget de cit reduces overall investment spending
d) an increase in imports reduces overall domestic production
Short Answer Questions
21. (10 Points) Suppose that the marginal propensity to consume is 0.80, and the government spends
$10 million to repair a bridge. Assuming no taxes and no international trade, explain how the $10
million of government spending will increase GDP by $50 million.
ECON-1020H Assignment 2 8 / 10
ECON-1020H Assignment 2 February 28, 2022
22. (10 Points) Develop a linear equation of the consumption function. Use this consumption function
to forecast the amount of consumer spending that would occur if disposable income were $500.
Disposable Income ($) Consumer Spending ($)
0 10
50 50
100 90
150 130
200 170
23. (10 Points) Utilizing the national income identities, if government purchases were to rise, and if
output, taxes, and consumption were to remain unchanged, what would happen to national saving
and investment?
Economics
examine competitive market models and competitive forces in health care economics. Prices, supply and demand, quality of care, consumerism, and provider compensation are affected by the competitive forces found in health insurance and in the labor market. There is a direct relationship between insurance models, the labor market, and the financial performance of health care systems. You will write a paper about the economics of health care market models, health care delivery structures, provider compensation, and financial risk for health care systems.
Instructions
Write a 6–8-page paper in which you:
Analyze your state’s current competitive market model in health care.
Compare and contrast the market power of monopolistic and monopsony markets in health care.
Analyze the main competitive forces and the major factors that influence the fundamental manner in which the competitive forces determine prices, supply and demand, quality of care, consumerism, and providers’ compensation.
Evaluate the positive benefits and negative aspects, respectively, of HMO-managed care from the provider’s point of view—i.e., a physician and a health care facility—and from a patient’s point of view. Provide a rationale for your response.
Assess the efficiency of the types of economic incentives available to providers in the delivery of health care services in your own state.