In general, people who hare more productive earn higher incomes and thus pay higher taxes.
In general, people who hare more productive earn higher incomes and thus pay higher taxes. How would a change in the immigration laws that favored more highly educated and skilled individuals affect the future tax burden of today’s American college students? Would the admission of better-educated immigrants tend to raise or lower the wages of American college graduates? On balance, would an overhaul of the immigration system benefit or harm today’s college students?
Scenario B: A vitamin company, Pro Health (PH), was preparing to launch a new product called “ProBio.
Scenario B: A vitamin company, Pro Health (PH), was preparing to launch a new product called “ProBio.” It produced 20,000 units of ProBio at a cost of $5 per unit and packaged the product in bottles with labels that prominently displayed the ProBio name. At the last minute, PH learned that an established drug company was already selling a product named ProBio. FDA regulations prohibit drugs with identical names from being sold on the market, with the penalty for noncompliance being a full product recall. Rather than face product recall and all the attendant costs, PH decided to comply with the regulation voluntarily. As a result, the product had to be renamed and rebranded; the label had to be redesigned, remanufactured, and reapplied; and a new advertising campaign had to be formulated and launched.1. How does this FDA regulation protect consumers?2. Why did the company voluntarily change its product name?3. What effect did this regulation have on the company and on consumers?
6. Which of the following statements is (are) correct?(x) Comparative advantage is determined by which
6. Which of the following statements is (are) correct?(x) Comparative advantage is determined by which person can produce a good using fewer inputs.(y) Imports are goods produced abroad and sold domestically and exports are goods produced domesticallyand sold abroad.(z) If a country does not have a comparative advantage in the production of shoes then that country shouldimport shoes.A. (x), (y) and (z)B. (x) and (y) onlyC. (x) and (z) onlyD. (y) and (z) onlyE. (z) only7. The producer that can produce a product with a lower opportunity cost(x) has a comparative advantage in the production of that good.(y) may not have an absolute advantage in the production of that good.(z) should specialize in the production of that product and export that product.A. (x), (y) and (z)B. (x) and (y) onlyC. (x) and (z) onlyD. (y) and (z) onlyE. (x) only
You want to start a company, and are trying to decide between 2 different industries. You are doing your final research before you write your…
You want to start a company, and are trying to decide between 2 different industries. You are doing your final research before you write your business plan. Industry A has 20 firms and a Concentration Ratio (CR) of 30%1. What is the name for this type of Industry?2. Describe some of this industry’s characteristics.3. If you were in this industry and there was an increased demand for the product that pushed up the price of goods, what long run adjustments would you expect?4. What does your anticipated adjustment process imply about the CR for the industry?Industry B has 20 firms and a COncentration Ratio (CR) of 80%1. What is the name for this type of Industry?2. Describe some of this industry’s characteristics.3. What are some reasons why this industry has a high CR while industry A had a low CR?4. Is it possible for smaller firms to thrive and profit in Industry B? Why or why not?You want to start a company, and are trying to decide between 2 different industries. You aredoing your final research before you write your business plan.Industry A has 20 firms and a…
Suppose Katie has the option to buy a shirt or buy a pair of pants. Suppose Katie purchases a pair of pants. Consider the following statements:…
20.Suppose Katie has the option to buy a shirt or buy a pair of pants. Suppose Katie purchases a pair of pants. Consider the following statements:I: Katie’s total utility increasesII: Katie’s marginal utility of shirts increasesIII: Katie’s marginal utility of shirts decreasesIV: Katie’s marginal utility of pants increasesV: Katie’s marginal utility of pants decreasesVI: Katie’s total utility decreasesChoose the best answer below.A) Only statements I, II, and V are trueB) Only statements III and VI are trueC) Only statements II and V are trueD) Only statements I and II are trueE) Only statements I and V are trueF) Only statements I, II, and IV are trueG) Only statements I and III are trueH) Only statements I, III, and V are true
12 Digital Vision/Getty Images Banking and the Federal Reserve System Learning Outcomes By the end of this chapter, you will be able to: Summarize…
HELLO! I need a suitable response to my fellow student’s response to the discussion question below. Please – a MUST HAVE is that there is a citation from one of the attached chapters. I can’t just say it’s a good response (which it is) but offer some form of feedback. Challenging for me, but please help.(ref Nieshia)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 Reserves 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 14STUDENT RESPONSEThe Federal Reserve Bank (the Fed) has many functions, but one of the main ones is to provide bank safety. During the Great Recession of 2007-2009 the Fed had to intercede to prevent the complete collapse of the banking system. During this time the economy suffered from failed bank assets, because of the savings and loan crisis. Many changes to the system were needed to prevent this from happening again. Amacher and Pate write These changes were made in an effort to provide stability to the U.S. banking system and encourage greater consumer confidence. First, all accounts that do not earn interest are insured in full, regardless of the balance. Those accounts that earn interest are still covered under the standard regulations for bank accounts (2012, Sec 12.4). Many people were losing confidence in the banks and in the banking system, I know of several people who pulled their money out claiming that if there was a complete collapse of the economy the Federal Government would come in and take away all of your funds. I dont know if this would have happened or not, but some people believed that it could. Another change in the banking system was due to the theory or belief that some companies or corporations are too big to fail. This theory or belief was proven to be wrong, and the evidence was seen with the downfall of large corporations like Fannie Mae and Freddie Mac. Another chance that was made in response to the Great Recession was the signing into law on July 21, 2010 of the Dodd-Frank Wall Street Reform and Consumer Protection Act by President Barack Obama; which permanently raises the current standard maximum deposit insurance amount (SMDIA) to $250,000 (Amacher and Pate, 2012). I believe that the actions taken were probably the right actions at the time to avoid further collapse. To what extent I dont know for sure, but some policies and laws needed to change and change fast. One of Obamas economic advisers said in her commencement speech, A key difference between the financial crisis of the 1930s and the recent crisis was the response of the Federal Reserve. In the early 1930s, the Federal Reserve stood idly by and allowed banking panics to go unchecked. The result was widespread bank failures and devastating declines in the money supply. In the fall of 2008, the Federal Reserve and other financial policymakers responded aggressively to the financial crisis, taking crucial measures to provide liquidity, reassure depositors, and maintain key lending flows. Over those terrifying months following the collapse of Lehman Brothers, the Federal Reserve made the difference between hanging at the edge of a cliff and falling to the bottom of the ravine (College of William and Mary Commencement Address, 2010). References Amacher, R., & Pate, J. (2012). Principles of Macroeconomics. Available from https://content.ashford.edu/print/AUECO203.13.1?sections=front_matCouncil of Economic Advisers (Producer). (2010). New Policies for a New Century: Recent Economic Actions through the Lens of the New Deal [speech]. Retrieved from http://www.whitehouse.gov/administration/eop/cea/speeches-testimony/new_policies_for…Attachment 1Attachment 2
1. There is little doubt that social mobility is not as easy in this country now as in the days of the industrial might, at which time well-paying
1. There is little doubt that social mobility is not as easy in this country now as in the days of the industrial might, at which time well-paying jobs could be found in the nations factories and industrial firms. However, this article from the Brookings Institute paints a less sanguine situation today: (http://www.brookings.edu/research/reports/2013/06/13-facts-higher-education ). Answer the following questions related to this article.a. Based on the article, what is the key to gaining upward social mobility in todays economy? Explain.b. Explain the head-start that children raised in middle-class and upper-class families have relative to children raised in lower-class families?c. According to the article or other similar research, what is the key to successfully launching lower-class children into the middle-class in America?
For each scenario below, calculate the returns to scale and explain what would happen with a 10% increase in capital (K) and labor (L). You don’t…
For each scenario below, calculate the returns to scale and explain what would happen with a 10% increase in capital (K) and labor (L). You don’t need to calculate an exact amount. Just give an approximate value.Q = K^0.2 L^0.4Q = 4K + 2LQ = KL – K^2 – L^2