Reference no: EM131312589
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?
|
What is the primary role of the bolts in a bolted joint
: What is the primary role of the bolts in a bolted joint?- Why do many designers of safety related joints, and most codes, favor joints that could support four or more times the anticipated service loads?
|
|
Describe the type of work you would do in an internship
: Prepare a report including Title page with your name, your ITAM specialty, your CWU email, and the date, An introduction that describes your ideal internship,A list of at least 10 organizations that would meet your criteria for an ITAM internship.
|
|
Suppose the banking systems nonborrowed reserves
: Suppose the banking system's nonborrowed reserves total $48.3 billion with total legal reserves standing at $51.2 billion. What must borrowed reserves be? This morning the Federal Reserve decided to undertake the sale of $500 million in government se..
|
|
Analyze the quick sort algorithm
: Analyze the mergeVirtualSeq() function and show that it is a linear time operation in the worst case. 3. Analyze the linked list version of the merge sort algorithm to show the worst case time is O(n log n).
|
|
What is significance of currency devaluation to home country
: What is the significance of currency devaluations to the home country? What is meant by the concept of "Comparative Advantage"? Could a nation be better off economically, if it practiced an isolation policy?
|
|
Quantity of money in the united kingdom
: Nominal GDP was pound £825 billion, the nominal interest rate was 88 percent a year, the price level was 110,and the velocity of circulation was constant at 6. The quantity of money in the United Kingdom in 2000 is?
|
|
Value of stock according to the dividend growth model
: A decrease in which of the following will increase the current value of a stock according to the dividend growth model?
|
|
Determine the length of time required to recover investment
: A construction company invests $50,000 in a new piece of equipment. If the income from temporary leasing of the equipment is expected to bring in $10,000 year, determine the length of time required to recover the investment at an interest rate of 12%..
|
|
What might that range be with imperfect tools and operators
: The bolts will be lubricated with moly paste, for better control of preload, and will be tightened with a torque wrench. What torque will you specify?
|