Register 1.Which of the following is most likely false a.Michigan has a 6% general sales tax.regarding Michigan?b.Michigan Assignment Help 1.Which of the following is most likely false a.Michigan has a 6% general sales tax.regarding Michigan?b.
Michigan does not tax food for at-home consumption.c.Citrus fruits (oranges, grapefruits, lemons) are typically not produced in Michigan.d.Due to its northern climate, Michigan is one of the least agriculturally diverse states in the U.S.Which of the following players would be most likely to buy a soybean meal (used as animal feed) contract for
Which of the following players would be most likely to buy a soybean meal (used as animal feed) contract for its first move in the futures market?a.Archers Daniels Midland (ADM) who crushes soybeans into soybean oil and soybean meal.b.A dairy farmer who uses soybean meal to feed their cows.c.A speculator who thinks price of soybean meal is going to decrease.d.None of the above.
Answer only ONE of the following 4 questions Discuss the use of discretionary fiscal policy to combat inflation and unemployment.
Answer only ONE of the following 4 questions Discuss the use of discretionary fiscal policy to combat inflation and unemployment.Explain the effects of a reduction in money supply on unemployment and inflation.Discuss the limitations of fiscal policy? Discuss specific tools that are available to the Bank of Canada for influencing the money supply and interest rates.The supply of fish in Boston on a given day is perfectly inelastic.
A sudden decrease in the demand for
The supply of fish in Boston on a given day is perfectly inelastic.A sudden decrease in the demand for fish will:a.Cause a shortage of fish in the Boston market.b.Decrease the price of fish, but have no impact on the quantity traded in the Boston market.c.
Increase the price of fish, but have no effect on the quantity traded in the Boston market.d.Decrease both the price of fish and the quantity traded in the Boston market.Please review the 2 case studies below and response for each case study The World’s 10 Largest Firms – What
Economics Please review the 2 case studies below and response for each case study The World’s 10 Largest Firms – What are their sources of economies of scale?Review the Forbes 2000 list of the world’s largest firms (Links to an external site.).From the top 10 list, select one firm from three different industries and discuss the likely sources of the economies of scale that underlie their large size.Farm commodity prices—Supply and demand in actionThe U.S.Department of Agriculture publishes charts on the prices of farm products.Go to the USDA home page (Links to an external site.) and choose three farm products and determine whether their prices (as measured by “prices received”) have generally increased, decreased, or stayed the same over the past three years.In which of the three cases, if any, do you think that supply has increased more rapidly than demand? In which of the three cases, if any, do you think that demand has increased more rapidly than supply? Explain your reasoning.Three students are enrolled in a class.
At the end of the class, the professor announces that 1 point extra
Three students are enrolled in a class.At the end of the class, the professor announces that 1 point extra credit will be awarded to all students if at least two students complete the course evaluation.The students decide whether or not to complete the evaluation independently and simultaneously.
Evaluations are a hassle and cost each student 1 jolly (payoff) to complete.Each student values the extra credit at 10 jollies (payoff).(a) Draw the strategic form of the game among the students.(b) Find all pure strategy Nash equilibria of this game.(c) Find one mixed strategy Nash equilibrium.(d) Consider the same setup as above, but except now the value of the extra credit to each student is their private information.In particular, if a student expects to get an A in the course without the extra credit, the extra credit is worthless.If the student does not expect to get an A, the extra credit is worth 10 jollies (payoff).Each student believes that each student (including herself) expects to get an A with probability p.
These probabilities are independent.Each student’s type is drawn by nature and revealed only to that student.
Then the students simultaneously decide to complete the course evaluation or not.An course evaluation costs 1 jolly (payoff) to complete.Find conditions on p such that it is a pure strategy Bayes Nash equilibrium for students complete the evaluation if and only if they do not expect to get an A.You are considering starting a professional services business in the finance industry (pick one) with some of your colleagues.You
You are considering starting a professional services business in the finance industry (pick one) with some of your colleagues.You are preparing a business plan and it is decided that you will be the one to research your financial legal obligations for your business.For this question you should consider· What are the legal obligations for not only yourself personally as a practitioner, but also the firm in managing its employees?· Licensing obligations (if any) to start your business and remain in good standing· Duties and legal obligations to your clients or customers.· Reporting obligations to any applicable regulators (if any)· Possible policies and practices to encourage ethical behaviour beyond what is required by law.Please Note: It is expected that answers will differ significantly for this question.
Whilst some of these dot points may not be necessary, students should make this clear (e.g ‘there are no disclosure obligations for our business).
Students might also wish to include some of their own headings where appropriate.a) Who is the monetary authority(1 mark) in Canada? b) Describe what is meant by a “fractional reserve banking system”
a) Who is the monetary authority(1 mark) in Canada? b) Describe what is meant by a “fractional reserve banking system” (2 marks)c) What is the objective of monetary policy? (1 mark)d) Describe one goal of monetary policy.
(2 marks).e) Suppose Canada was in an expansionary phase of the business cycle and inflation was approaching 3 percent.What type of monetary policy would be called for? Explain in detail two monetary tools that will used and what the impact will be on the economy Explain the extent to which digital or ‘crypto’ currencies are regulated in Australia.Do you think the current regulatory environment
Explain the extent to which digital or ‘crypto’ currencies are regulated in Australia.Do you think the current regulatory environment is sufficient and can you think of any reform(s) which might strengthen the current regulatory environment? Can you think of any problems that may arise in the future?See:https://asic.gov.au/regulatory-resources/digital-transformation/initial-coin-offerings-and-crypto-currency/ 1.
Which of the following would likely make the demand curve for a product more inelastic ?a.An increase in
1.Which of the following would likely make the demand curve for a product more inelastic ?a.An increase in the number of substitutes for the product.b.An increase in product advertising that creates brand loyalty to the product.c.An increase in the amount of time that consumers have to respond to a change in the product’s price.d.None of the above would make demand more inelastic.1.
Which of the following would best help to explain why the JUL21 sugar futures contract price increasedon January 1,
1.Which of the following would best help to explain why the JUL21 sugar futures contract price increasedon January 1, 2021?a.On January 1, Brazil announced that their sugar cane crop was on pace to break all previous record high levels.b.The USDA World Agricultural Outlook Board (WAOB) reported that global supplies were the smallest in history which was exactly what analysts predicted it would be.c.There has been a trend over the last three year towards lower consumption of sugar based drinks in U.S.
which has decreased the demand for sugar.d.On January 1, updated weather models revealed that El Niño was predicted to last much longer and will now be a serious threat to the South American sugar cane crop.For questions 20-24, refer to the diagram below and the following information: The city of Berkeley, California, recently passed a
For questions 20-24, refer to the diagram below and the following information: The city of Berkeley, California, recently passed a per unit tax on soda pop.Proponents of the tax argue that the per unit tax will reduce soda pop consumption and improve the health of individuals.This is discussed in Lecture #14.
For purposes of this question, assume the following regarding the soda pop market in Berkeley, California: Price/unit S $1.25 $0.20 D 10 100 150 225 Quantity (soda pop, 12-oz bottle equivalent)1.What is the amount of the tax:a.$0.40.b.$1.00.c.$0.85.d.
$1.25.2.What is the price paid by consumers after the tax is imposed: a.$0.40.b.$1.00.c.
$1.25.d.$0.85.3.What is the price received by producers after the tax is imposed:a.$0.20.b.
$0.85.c.$1.00.d.$1.25.4.What is the amount of tax revenue collected by the government?a.
$ 40.00b.$100.00.c.$ 15.00.d.$ 85.00.5.
If the elasticity of demand for soda pop was more elastic than that shown in the diagram above, how would the tax revenue collected by the government change?a.There would be no change in tax revenue.b.The tax revenue would decrease.c.The tax revenue would increase.d.
Not enough information to determine the impact on tax revenue.Essay Writing at Literature Review Centre 4.9 rating based on 36 ratings
Rated 4.9/5.
