- Computer Science
- Electrical Engineering
- Information Technology
- Mechanical Engineering
- Project Management
List your SWOT analysis findings, starting with S, then W, then O, then T. Support each finding.
The Jones Corporation's executive vice president circulates a memo to the firm's top management in which he argues for a reductin in the price of the firm's product. He says such a price cut will increase the firm's sales and profits. a. The firm's marketing manager responds with amemo pointing out that the price elasticity of demand for the firm's product is about -0.5. Why is this fact relevant? b. The firm's president concurs with the opinion o fthe executive vice president. Is she correct? c.What is the definition of price elasticity of demand? If it is -0.5, what does this really mean, in terms price and quantity sold? d.What happens if the company reduces its price by 1%? Will the quantity sold increase or decrease? By how much?
Social and Cultural Capital When trying to comprehend the persistence of racial and ethnic inequality, social scientists find it useful to think in terms of social and cultural capital. French sociologist Pierre Bourdieu popularized the terms social and cultural capital to refer to assets that are not necessarily economic but have an impact on economic capital for oneâs family and future. Less cultural and social capital are passed on through generations which can make it difficult to overcome deficits. Racial and ethnic minorities reproduce disadvantage while Whites are more likely to reproduce privilege. Please read pages 245-247 in your text and view the videos provided in the assignment. In your essay this week, respond to the following: Define cultural and social capital and provide examples. Describe why White Americans are less likely to be concerned with social and cultural capital. How important do you find social and cultural capital to your family and future?
How does the existence of the lender of last resort create moral hazard? Explain
how does the theory of comparative advantage relate to production possibility curve
Evaluate the following statements are true, false or uncertain
a) A cost-effecitve policy is always socially efficient
b) Enforcement costs are critical to the success of enviornmental program and should be included in the overall social costs of the program when evaluating different policy options
c) The Coase theorem states that social efficiency can be obtained through bargaining and that the gain to each party involved will be identical regardkess of who has the rights
5. Suppose the U.S. Congress passes a budget which increases individual income
taxes by $120 billion and increases infrastructure spending (airports, roads,
bridges, etc.) by $50 billion. The increase in income taxes is concentrated at the top,
so the tax increase causes personal consumption expenditures to fall by only $30
billion. Use this information to answer the questions below. (20 pts)
a. At constant interest rates (âother things equalâ), what would these policy
changes do to national saving and domestic investment spending?
Change in S =
Change in I =
b. Closed economy analysis: Assuming the U.S. financial system is closed to
international financial flows, draw an S/I diagram to illustrate the effect of
these policy changes on (1) U.S. interest rates and (2) the quantity of domestic
investment spending. Incorporate your numerical answers from part (a) into
c. Open economy analysis: Now assume that the U.S. financial system is open
and that the U.S. is small enough in the global financial system that you can
ignore the effect of these policy changes on global interest rates. Draw an S/I
diagram to illustrate the effect of the policy changes on (1) U.S. net capital
flows and (2) domestic investment spending. When drawing your diagram,
assume that the U.S. would have had net capital inflow without the policy
When should stimulus programs be applied?