answer the following questions.
What is the link between marginal revenue product and wages?
Due to there being discrepancies between the productivity and resource offerings (i.e., education, skills, experience) in labor markets, is it justified for one employee with a higher marginal revenue product to earn a higher wage than an employee with a lower marginal revenue product?
Does this notion of marginal revenue product and wages conflict with minimum wage laws?
Future trend relating to sustainable profit levels of the industry in the near and the long term
Future trend relating to sustainable profit levels of the industry in the near and the long term
=>Economic overview of automobile industry
=>Topic ( Future trend relating to sustainable profit levels of the industry in the near and the long term )
Between 2007 and 2011 the federal budget deficit grew from $160.7 billion to $1,299.6 billion, and the national debt grew from $8.9 trillion to $14.8 trillion. (Figure 10.1: The ratio of debt to GDP, 1977-2011.) In your post, differentiate the budget deficit from the national debt. How do you think the increases in the budget deficits and the national debt will affect the economy in the future?
Between 2007 and 2011 the federal budget deficit grew from $160.7 billion to $1,299.6 billion, and the national debt grew from $8.9 trillion to $14.8 trillion. (Figure 10.1: The ratio of debt to GDP, 1977-2011.)
In your post, differentiate the budget deficit from the national debt. How do you think the increases in the budget deficits and the national debt will affect the economy in the future?
U.S. economy-Discuss the effect these policies had on increasing the size of the budget deficits and the national debt
Between 2007 and 2009 the U.S. economy experienced a severe recession.
In an effort to stimulate the economy, the federal government passed a stimulus package.
Explain the federal government’s use of fiscal policy (the stimulus) to promote growth and employment. Support your ideas with concepts found in the assigned reading. Include the following in your response:
- Discuss some actions taken by the federal government and whether the recession would have been longer and the unemployment rate higher if the government had not acted by passing the stimulus package?
- If left alone, do you believe the economy would have corrected itself as suggested by Classical economic theory? Explain.
- Discuss the effect these policies had on increasing the size of the budget deficits and the national debt
entrepreneurism-research entrepreneurism and small businesses, and create an executive business plan presentation
After the meeting of the Board of Directors, the Chairwoman of the Board calls you into her office. She offers you a cup of coffee and is impressed with the information that you presented in the meeting and your understanding of new ventures. She says:
research entrepreneurism and small businesses, and create an executive business plan presentation of 15–20 slides that includes the following:
- Company Logo: An original creative graphic that identifies your company or brand.
- Company Information: The name and background of your global small business including founders, history, current number of employees, and location.
- Mission Statement: The purpose of your global small business.
- Product or Service: A description of the products or services that your global small business will offer.
- Market: The market for your global small business, including regions served and competitors.
- Advertising: An original creative commercial for the products or services. The commercial should be created using an online video technology or a presentation technology. Provide a link to the commercial in your PowerPoint presentation.
- Financials: The projected operational financial needs for your organization and the potential investments needed.
- Growth Potential: The projected financial and market growth of the company over 5 years.
Provide a reference list at the end of your presentation of at least 20
Comparison of the Price-Misperceptions Model and the New Keynesian Model-Comparison of the Price-Misperceptions Model and the New Keynesian Model.
- In the price-misperceptions model, an increase in the amount of labor supplied in the market was offset by a decline in the real wage rate. Analyze the difference between the price-misperceptions model and the new Keynesian model with regard to this phenomenon, and discuss how the concept of markup ratio affects the difference in the two (2) models’ approaches.
The unemployment rate is a measure of the prevalence of unemployment and it is calculated as a percentage by dividing the number of unemployed individuals by all individuals currently in the labor force. During periods of recession, an economy usually experiences a relatively high unemployment rate-responce paper
The unemployment rate is a measure of the prevalence of unemployment and it is calculated as a percentage by dividing the number of unemployed individuals by all individuals currently in the labor force. During periods of recession, an economy usually experiences a relatively high unemployment rate. The labor force participation rate tells us which percentage of the entire working age population is economically active in the other words; it tells us which percentage of the people capable of working are actually working or at least looking for a job. Let’s assume you live in a country with 10 million working age people, we will also assume five million are currently working and 500000 are actively looking for work so we have five million and a half million economically active people in this scenario. Labor force participation rate is 55%; the unemployment rate on the other hand tells us which of the total labor force is currently unemployed but actively looking for work. To figure out how many people are jobless but actively looking for work? The authorities figure out how many people are receiving unemployment benefits and other forms of help and one hand and the other hand they also analyze data from unemployment offices to measure how many people are making an effort to find a job. So in a previously mentioned scenario with a labor force with 10 million and 500000 people who are looking for a job, the unemployment rate is 5%. Therefore unemployment rate alone can sometimes paints an overly optimistic picture, so the labor force parcipation rate complements it nicely together they help you accurately assess the heath of an economy.
Why has labor-force participation rate declined? How is it related to government programs such as unemployment insurance and welfare?
Which measure of unemployment do you think is more appropriate, U3 or U6? Why?
impact of the concepts of asymmetric information, political economy, and behavior economics-Describe the role asymmetric information has in many economic transactions
With no plagerism,
Students will use the theory of consumer choice and the impact of the concepts of asymmetric information, political economy, and behavior economics, to describe how consumers make economic decisions.
Assignment Steps
Scenario: You have been asked to assist your organization’s marketing department to better understand how consumers make economic decisions.
Describe the:
- The impact the theory of consumer choice has on:
- Demand curves
- Higher wages
- Higher interest rates
- The role asymmetric information has in many economic transactions.
- The Condorcet Paradox and Arrow’s Impossibility Theorem in the political economy.
- People are not rational in behavior economics.