For more course tutorials visit www.uoptutorial.com Tax Base: Suppose a special tax was introduced that used the value of one’s automobile as the tax base. Each person would pay taxes equal to 10 percent of the value of his or her car. Would the tax be proportional, progressive, or regressive? What assumptions do you make in answering this question? Do you think the tax that was imposed either efficient or equitable? Respond to at least two of your fellow students’ postings.
For more course tutorials visit www.uoptutorial.com Externalities: It has been proposed that toll collection on the Massachusetts Turnpike, a key commuter route into Boston from the west, be discontinued. Proponents argue that tolls have long ago paid for the cost of building the road; now they just provide cash for tax bureaucracy. A number of economists are opposing the repeal of tolls on the grounds that they serve to internalize externalities. Explain this argument and discuss why the government often gets involved when finding solutions for externalities. Respond to at least two of your fellow students’ postings.
For more course tutorials visit www.uoptutorial.com Oligopoly/Monopolistic Competition. Which of the following industries would you classify as an oligopoly? Which would you classify as monopolistically competitive? Make sure in your answer to relate it to the characteristics of the market structures. Explain your answer. If you are not sure, what information do you need to know to decide? Respond to at least two of your fellow students’ postings. a. Athletic shoes b. Restaurants c. Watches d. Aircraft e. Ice Cream
For more course tutorials visit www.uoptutorial.com Perfect Competition: A perfectly competitive industry is initially in a short-run equilibrium in which all firms are earning zero economic profits but are operating below their minimum efficient scale. Explain the long-run adjustments that will create equilibrium with firms operating at their minimum efficient scale. Why is a perfect competitive firm associated with efficiency for both consumers and businesses? Respond to at least two of your fellow students’ postings
For more course tutorials visit www.uoptutorial.com Manufacturing Industry Evaluation: Economists sometimes use concentration ratios to evaluate whether industries are oligopolies. In this assignment, you will make your own determination using the most recent data available. You will also discuss the merits and disadvantages of oligopolies in light of your research. Go to the Concentration Ratios in Manufacturing page at the website of the U.S. Census Bureau, click on the PDF of the most recent Economic Census for Manufacturing (NAICS 31-33), and answer the following questions in a two to three page paper formatted according to APA style. 2. Find the four-firm concentration ratios for the following industries: fluid milk (311511), women's and girl’s cut & sew dresses (315233), envelopes (322232), and electronic computers (334111). 3. Assess the level of competition for each of the four industries. 4. Define oligopolies and identify which of the listed industries qualify as oligopolies. 5. Describe why these industries qualify as oligopolies and identify some of the firms that operate in the listed industries. 6. Discuss whether or not oligopolies are always bad for society, using examples from the firms you described.
For more course tutorials visit www.uoptutorial.com Reduction of Costs: In an effort to reduce their total costs, many companies are now replacing paychecks with payroll cards, which are stored-value cards onto which the companies can download employees’ wages and salaries electronically. If the only factor of production that a company varies in the short run is the number of hours worked by people on its payroll, would shifting from paychecks to payroll cards reduce the firm’s total fixed costs or its total variable costs? Explain your answer and respond to at least two of your fellow students’ postings.
For more course tutorials visit www.uoptutorial.com Tax Credits and the Labor Market: Many states provide firms with an “investment tax credit” that effectively reduces the price of capital. In theory, these credits are designed to stimulate new investment and thus create jobs. Critics have argued that if there are strong factor substitution effects, these subsidies could reduce employment in the state. Explain their argument. How does this affect the labor market? Respond to at least two of your fellow students’ postings
For more course tutorials visit www.uoptutorial.com Marginal Utility: Suppose that you observe that total utility rises as more of an item is consumed. What can you say for certain about marginal utility? Can you say for sure that it is rising or falling or that it is positive or negative? When does the law of diminishing marginal utility set in and what does this illustrate about where you should stop consuming if you were eating at an all you can eat buffet? Respond to at least two of your fellow students’ postings
For more course tutorials visit www.uoptutorial.com Elasticity of Demand: Taxicab fares in most cities are regulated. Several years ago taxicab drivers in Boston obtained permission to raise their fares 10 percent, and they anticipated that revenues would increase by about 10 percent as a result. However, when the commissioner granted the 10 percent increase, revenues increased by only about 5 percent. What can you infer about the elasticity of demand for taxicab rides? What were taxicab drivers assuming about the elasticity of demand? Respond to at least two of your fellow students’ postings.
For more course tutorials visit www.uoptutorial.com ECO 204 Week 1 DQ 1 Elasticity of Demand ECO 204 Week 1 DQ 2 Marginal Utility ECO 204 Week 2 DQ 1 Tax Credits and the Labor Market ECO 204 Week 2 DQ 2 Reduction of Costs ECO 204 Week 3 DQ 1 Perfect Competition ECO 204 Week 3 DQ 2 Oligopoly/Monopolistic Competition ECO 204 Week 3 Assignment Manufacturing Industry Evaluation ECO 204 Week 4 DQ 1 Externalities ECO 204 Week 4 DQ 2 Tax Base ECO 204 Week 5 DQ 1 Comparative and Absolute Advantage ECO 204 Week 5 DQ 2 Equity versus Growth ECO 204 Week 5 Final Paper (potato chip industry)
WritingtheFinalPaper TheFinalPaper: 1.Mustbe5to6double-spacedpagesinlengthandformattedaccordingtoAPAstyleas outlinedinyourapprovedstyleguide. 2.Musthaveacoverpagethatincludes: a.Titleofpaper b.Student’sname c.Coursenameandnumber d.Instructor’sname e.DaFor more course tutorials visit www.uoptutorial.com Help..ECO 203 WK 5 assignment Expansionary Economic Policy Focus of the Final Paper In an effort to move the economy out of a recession, the federal government would engage in expansionary economic policies. Describe the actions the government would take in conducting expansionary fiscal policy and expansionary monetary policy. Expansionary Fiscal Policy: Review Chapter 7: Classical Macroeconomics and the Keynesian Challenge and Chapter 9: Taxes, Government Spending, and Fiscal Policy. Explain the actions the federal government would take while engaging in expansionary fiscal policy in terms of the following: • The necessary change in taxes and government spending, • The effect on aggregate demand, GDP, and employment. Expansionary Monetary Policy: Review Chapter 12: Banking and The Federal Reserve System and Chapter 14: Monetary Policy In Theory And Practice. Identify the three tools available to the Federal Reserve Bank (The Fed) when conducting monetary policy. Explain whether the Fed would: • Increase or decrease the required reserve ratio • Increase or decrease the discount rate • Buy or sell government securities when conducting expansionary monetary policy Explain how these actions would affect the money supply, interest rates, spending, aggregate demand, GDP, and employment. Writing the Final Paper The Final Paper: 1. Must be 5 to 6 double-spaced pages in length and formatted according to APA style as outlined in your approved style guide. 2. Must have a cover page that includes: a. Title of paper b. Student’s name c. Course name and number d. Instructor’s name e. Date submitted 3. Must include an introductory paragraph with a succinct thesis statement. 4. Must address the topic of the paper with critical thought. 5. Must conclude with a restatement of the thesis and a conclusion paragraph. 6. Must use at least four scholarly resources, including the textbook. Two references must come from the Ashford Library. 7. Must use APA style as outlined in your approved style guide to document all sources. 8. Must include, on the final page, a Reference List that is completed according to APA style as outlined in your approved style guide.
For more course tutorials visit www.uoptutorial.com Discussion 2 Economies in Transition The movement in the direction of a market-based system with freely determined prices, competition, profits, private ownership, and other features of capitalism is not simple. Discuss some of the challenges associated with an economy transitioning from socialism to capitalism. Reference: Chapter 20, section 20.1: World Economic Systems, and section 20.2: Transition to a Market System.
For more course tutorials visit www.uoptutorial.com Discussion 1 Imagine you are in charge of development for a developing country and were approached by a multina-tional corporation interested in locating in your country. Identify some of the benefits and some of the costs to the host country from allowing a multinational corporation to locate in a country with a developing economy. Discuss with your classmates if developmental assistance from world developmental agencies, such as the World Bank or the United Nations, would be preferable to private investment. Reference: Chapter 17, section 17.5: Help From The Private Sector: Multinationals.
For more course tutorials visit www.uoptutorial.com 1. Question : M1 includes all but which one of the following? 2. Question : The transactions demand for money depends on 3. Question : Individuals accept dollars because 4. Question : The fact that money is legal tender increases its 5. Question : According to the M1 definition, the money supply consists of currency held by the public plus 6. Question : To keep the federal funds rate from rising above the target zone, the Fed must 7. Question : If the Fed sells government bonds on the open market, which of the following is likely to occur? 8. Question : When the Federal Open Market Committee buys a government bond from a bank, 9. Question : Transactions that involve the direct trade of one good for another are called 10. Question : The ability of an ass
For more course tutorials visit www.uoptutorial.com Discussion 2 The Effect of Bank Lending on the Economy In conducting expansionary monetary policy, even if the Federal Reserve Bank is providing reserves to the banking system, during a recession or during periods of slow economic growth, banks may choose not to lend out their reserves when interest rates are low and potential borrowers look risky. This is known as a “credit crunch”. Explain how a credit crunch affects economic growth. Specifically, answer these questions in your post: • How does a credit crunch affect consumer spending and business investment? • How does a credit crunch affect aggregate demand, GDP, and unemployment? Reference: Chapter 14.1 Is Monetary Policy Effective? and section 14.3: Domestic Sectoral Effects.
For more course tutorials visit www.uoptutorial.com Discussion 1 Federal Reserve Bank Policy during the 2007-2008 Recession From 2007-2010, the Federal Reserve Bank (the Fed) used many practices that had never before been seen from the central bank of the United States. Discuss the some of the actions that the Fed took during this period. Such as: • How the Federal Reserve’s lending practices changed during this period. • What did the Federal Reserve do to support firms deemed “too big to fail.” Do you believe these actions were necessary to avoid a collapse in the financial system? Support your opinion with information from the textbook or external source(s). Reference: Chapter 12, section 12.4: Bank Failures During the Great Recession, Chapter 14, section 14.4: Monetary Policy in the 2000s, and Conclusions section at the end of the Chapter 14