Homework Help for Economics

Give an explanation of a threat to internal validity and a threat to external validity in quantitative research. Next, explain a strategy to mitigate each of these threats. Then, identify a potential ethical issue in quantitative research and explain how it might influence design decisions. Finally, explain what it means for a research topic to be amenable to scientific study using a quantitative approach.

A Monopolist

A. can force consumers to pay whatever it wants them to pay for its product.
B. has no incentive to worry about the quality of its product.
C. is constrained by a downward-sloping demand curve.
D. All of the above

Please explain answer.

Listed supply and demand schedule for labor hours in Spain.

a. identify equilibrium wage and quantity.

b. identify new equilibrium price and quantity if a minimum wage law is set at 10 euros and hour

c. identify new equilibrim price and quantity if a minimum wage law is set at 14 euros an hour

d. suppose that there is a labor trade union that wants to maximize the revenues of all workers. which wage and quantity of labor hours supplied should the trade union propose?

(Please explain in detail responses, thank you!)

The 16 overhead doors on your loading dock must be replaced now . The deluxe model costs $2,200 for each door and will last for six years. The standard model costs $1,600 for each door and will last for four years. The deluxe model is aluminum so it will have a scrap value of $150 (for each door) at the end of its life. The standard model is plastic and has no scrap value. The use of the deluxe model on the loading dock will also save your company $1,000 per year (i.e., having all the doors saves you a total of $1,000 per year) in heating costs because of its ability to seal better. If you use an MARR of 12% and Net Present Worth Analysis , which door should you recommend?

PLEASE EXPLAIN ANSWER: I give best asnwer at the end of the time limit!!!

The more certain private property rights are,

a. A. the less people need to invest in education or human capital development.

b. tB. The less entrepreneurship there will be.

c. C/ the more capital accumulation there will be.

D/ d. the more an economy must grow to maintain a certain living standard.

In general, who will benefit as the result of a tariff?

Domestic Producers
Domestic Consumers
The domestic government

a. I only

b. II only

c. both I and III

d. both II and III

e. All of these are correct

In the long run, imports will most likely be paid for with:

a. a. Aexports.

b. tB. The sale of real and financial assets.

c. C/ the extension of credit.

d. D. higher domestic unemployment.

The World Trade Organization is a successor organization to the

a. A.United Nations.

b. B.World Bank.

c. C.International Court of Justice.

d. D.GATT.

A new industry develops, and our government wants to protect it from foreign competition. Which one of the following arguments would appropriately describe this type of protection?

A. ANational security

B. BCartelization

C. CInfant industry

D. DProtecting American jobs

If equilibrium price falls and the equilibrium quantity of the good purchased decreases, what has happened to either the supply curve or to the demand curve?

a. ADemand decreased.

b. Supply increased.

c. CSupply decreased.

d. DDemand increased.

Suppose there is a simultaneous increase in the demand for diamonds and increase in the supply of diamonds. Which of the following will occur as a result of these simultaneous events?

a. B/Both the market clearing price and equilibrium quantity will rise.

b. A.The market clearing price will fall, but the equilibrium quantity may rise, fall, or stay the same.

c. C.The market clearing price may rise, fall, or stay the same, but the equilibrium quantity will increase.

d. F.The market clearing price will fall, but the equilibrium quantity will rise.

Price Q_d Q_s

$2 5,000 1,000
$4 4,000 2,000
$6 3,000 3,000
$8 2,000 4,000
$10 1,000 5,000

Consider the above table. Assuming the government imposes a price floor on garbanzo beans of $8, what would be the likely result?

a. A/ no change, equilibrium would prevail

b. B.The quantity demanded of garbanzo beans would fall to zero.

c. C. shortage of 2000 garbanzo beans

d. D/ surplus of 2000 garbanzo beans

Utilizing the concept of Income Elasticity, explain how a manager may use economic forecasts to improve performance.

Smartphones at Work

In most departments, Macy’s clerks are paid an hourly rate. As a consequence, they would prefer to spend the time goofing off than helping customers. The store developed a number of policies to combat this preference. For example, supervisors roam the store breaking up congregations of employees who are gossiping. However, with the advent of smartphones, employees can pass the time surfing the web, playing games, or posting to social media. How can Macy’s alter compensation so as to combat this new form of shirking?

6. (a) Why do most countries have some protectionist trade barriers? (b) Identify two types of protectionist trade barriers. (c) Which is usually better for most countries, protectionist trade policies or free trade? Explain. (d) For most countries would a fair trade policy usually be the same as a free trade policy? Explain. (e) Which is better for a country economically, a multilateral free trade agreement including most countries, such as the WTO, or a regional trade agreement with one’s neighboring countries, such as NAFTA? Explain.

Which player has the dominant strategy?

GDP=$200

Income earned by citizens abroad=$15

Income foreigners earned here=$25

Depreciation=$7

Indirect business taxes=$12

Business subsidies=$4

Statistical discrepancy= $0

Retained earnings=$8

Corporate income taxes=$10

Social insurance contributions= $14

Interest paid to households by government= $6

Transfer payments to households from government= $20

Personal taxes=$35

Non tax payments to government=$10

What is the NNP for this economy?

you will focus on human nature and how it reveals Stevenson’s presentation of integrity and making choices in Dr. Jekyll and Mr. Hyde. Think about Tsili’s comment: “When you look in the mirror, you are checking how you appear, what you seem to be, and whether it matches how you feel inside.” in terms of Dr. Jekyll and Mr.Hyde.

Please follow directions: Don't simply give your answer. Use grading rubrics: a. Define the term b. Offer an example c. Next, explain. Have you answered the questions d. Try to relate the concept to previous work/assignment(s)

1. What is meant by "price elasticity" of demand? Suppose the price elasticity of demand for used cars is estimated to be

2. What does this mean in term of responsiveness of demand? Discuss

3. You are on the Community College Board with the responsibility to raise annual tuition fees for the College. You would recommend a decrease in the annual tuition fees only if you thought the demand curve for the College was:

a. Inelastic

b. Elastic

c. Unitary elastic

d. Perfectly elastic Discuss.

Don't simply give your answer. Use grading rubrics: a. Define the term b. Offer an example c. Next, explain. Have you answered the questions d. Try to relate the concept to previous work/assignment(s)

Perform an analysis on the Canadian culture when it comes to Hierarchical nature, their attitude towards working, and Fatalism. Cite your work

Discussion question

1.Why do you think the economist got it so wrong in predicting the recession?

2.What are some of the arguments of Keynes in managing our economy?

3.what are the flaws of economic profession?

A. Difference the X data to reduce its value relative to Y.
B. Create a dummy variable that explains the curvilinear relationship.
C. Seasonally adjust the Y variable to remove some of the variation.
D. Use a natural log or other transformation of the X data as a dependent variable.
E. Nothing, just run the regression on the data as it is since it cannot be improved.