Reference no: EM131235798
Assignment: LASA: Supply and Demand in a Global Market
Answer the following questions using examples and applications from the readings. Justify your answers using economic concepts and ideas as they apply. Each response should be between 100-200 words.
Questions:
1. The demand for labor is said to be a "derived" demand. What is the meaning of a derived demand? How does this concept help to determine the demand for labor?
2. What are some of the factors that determine the supply of labor in a market? What significant factors have changed the supply of labor over the last twenty years?
3. How does a firm determine its prices and the quantity of labor required in the resource market during a specific period?
4. Why do income inequalities exist? How are income inequalities measured? How have income inequalities changed from 1980 to the present?
5. What is the role of the U.S. government, in terms of dealing with the problem of income inequalities? What are the arguments, for and against, government involvement in this area?
6. Why do nations trade? What is meant by the concept of "Comparative Advantage"? Could a nation be better off economically, if it practiced an isolation policy?
7. The United States has had a significant trade imbalance for several years. What are the problems associated with having a negative trade balance? What can be done to correct the imbalance?
8. How are exchange rates determined? What is the significance of currency devaluations to the home country? To other countries?
|
Population standard deviation
: Assume that the population standard deviation was 2.5 strokes for both golfers. Test the hypothesis that there was no difference between the scores of the two golfers at the 1% significance level. Show all steps.
|
|
Appropriate calculations and state the decision
: A. State the null and alternate hypothesis B. Identify the test statistic C. State the decision rule D. Show the appropriate calculations and state the decision E. What conclusions can you draw concerning the excercise rate of people.
|
|
How do you react to the film version
: How do you react to the film version? Is there anything about the play that changes for you after watching the film? Does the film present something different or unexpected? Does your interpretation of Hedda's actions change?
|
|
Calculate zero rates for maturities of 6 months
: Calculate zero rates for maturities of 6 months, 12 months, 18 months, and 24 months. - What are the forward rates for the following periods: 6 months to 12 months, 12 months to 18 months, and 18 months to 24 months?
|
|
Explain what is the meaning of a derived demand
: The demand for labor is said to be a "derived" demand. What is the meaning of a derived demand? How does this concept help to determine the demand for labor?
|
|
Think the free offers would be more effective than coupons
: What do you think of the “free” offers used by online retailers or marketer? Do you think the “free” offers would be more effective than coupons? 200 words minimum
|
|
How do you define propaganda in our contemporary society
: Provide an overview of your understanding of this during the Baroque period. Use a specific example of an artwork of the period as part of your essay. How do you define propaganda in our contemporary society? Provide specific examples of modern da..
|
|
What is the normal anatomy of the affected area
: What is the normal anatomy of the affected area? (ex. If you chose tibia fracture, explain the normal structure and function of the leg...but be sure to choose something much more interesting and in depth!)
|
|
Show that both portfolios have the same duration
: Show that both portfolios have the same duration. - Show that the percentage changes in the values of the two portfolios for a 0.1% per annum increase in yields are the same.
|