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Q1:Topic 1 Is today's post-Cold War era of Hyper-Globalisation and Neoliberalism different from the globalisation in the first Golden age of globalisation that began in the 19th century when European imperialism provided much of its political structure and the Industrial Revolution the technology? Also, why is it that in the recent past, global governance and globalisation and the relation between the two become a much discussed subject?See Answer
Q2:Read the article and share your thoughts on profit or value maximizing perspective of firms. Is the Friedman Doctrine Still Relevant in the 21st Century? https://www.chicagobooth.edu/review/friedman-doctrine-still-rele vant-21st-century (Links to an external site.) See Answer
Q3:Questions: (3) What are the optimal prices for Microsoft to charge for Word and Excel if it only sells the two products separately? See Answer
Q4:Economic Systems You have been invited to a business expo at the H.J. Robinson High School where you are asked to give a presentation to the Grade 11 business students on economic systems. Specifically, you are asked to present on the following; "No country is said to be pure capitalist nor pure socialist." Discuss.See Answer
Q5:Response 1 Instructions Here, you will pick one of the Original Posts of another student from Discussion 1 or Discussion 2. I want to know your general thoughts about the podcast and then your opinion on whether you agree or disagree (and why) with the other student. The same guidelines of respect and civility pertaining to the original posts will also apply here! Remember, we are all in the same boat together and the boat tips over when everyone is on the same side. A healthy and respectful disagreement can be very enlightening. no. 388 the economics of sports Gambling https://freakonomics.com/archive/ Sports gambling is a huge market where many people from around the world gamble their money on whether a specific sports team will win or lose. The Freakonomics podcast goes in-depth into the world of sports gambling from an economist's perspective to understand the inner workings of the venture. There are various sports gambling methods, but the main one mentioned in the podcast is fantasy sports. Fantasy sports is essentially a gambling method in which you become the coach of a team of players you get through a draft to then play against other people's teams with money on the line. Stephen j. Dubner, the host of this episode of Freakonomics, talks to one of the first fantasy sports players, Peter Gethers. Dubner talks to Gethers about that first season so long ago and what his expectations were for fantasy. After discussing how fantasy works and Gethers's expectations for fantasy, Dubner begins to explain the economic growth of fantasy which generates 8 billion dollars a year from the US alone. After talking to Gethers, Dubner begins talking to one of the founders of draft kings Jason Roberts, a website where you can play fantasy sports online. They start by discussing Robins's interest in sports as a kid, the introduction of the internet, and its impact on fantasy. After talking about Robins's past, they began discussing the political side of sports gambling in the US. They discussed the fact that as the states continue to legalize gambling, the black-market world of sports gambling will be brought to light resulting in substantial economic growth for betting websites like draft kings if they choose to not only continue fantasy sports but also start straight-up betting on sports games. After talking to Robin a bit more about the intricacies of draft kings, Dubner starts talking about how economists would bet by always choosing the team or player with the highest chance of winning and leaving little to luck. See Answer
Q6:Question 1: Refer to the graph below to answer the questions that follow. Price Per Unit 50 40 30 28 10 O 10 20 25 3 2 Quantity/n10 20 25 Quantity A. Write out the names of the curves represented by 1, 2 and 3 fully. Do not merely use the symbols. (3 marks) B. Identify the law curves 1, 2 and 3 obey. (1 mark) C. Justify why curve 1 lies above curve 2. (1 mark) D. Use points a and c and their respective price values to explain what the vertical gap between two points represents. (2 marks) E. How many products should be made if the producer wishes to achieve maximum labour efficiency? (1 mark) F. How many products should be made if the producer wishes to achieve maximum productive efficiency? (1 mark) G. Which market price would allow this producer to attain normal profit? (1 mark) H. Which market price would allow this producer to attain economic profit? (1 mark) 1. At which price should the producer consider closing down? (1 mark) (12 marks)See Answer
Q7:Assignment Instruction Topic: Events impacts on economy Description: Describe in detail the importance of events to the economy Provide one detailed example of an event that contributed to the economy. Provide another detailed example of an event that contributed to the economy Skills and creativity in your project References format: APASee Answer
Q8:1. If the government's goal is to cut taxes, how that will be reflected in your budget?See Answer
Q9:2. Which do you think are good markets for the government to tax if the goal is to boost tax revenue?See Answer
Q10:1. Using the concept of supply and demand, discuss the price of beef and where it is likely to go moving forward. What does your response suggest for the price of substitute products?See Answer
Q11:2. Reflect on the link between higher beef prices and inflation. How are the challenges facing cattle ranchers today both a product of, and a contributor to, current inflationary patterns?See Answer
Q12:3. Discuss price elasticity as it relates to the price of beef. How high can beef prices go before consumers change their buying behavior?See Answer
Q13:Apla questions (Chapter wther to buy a dress that she w well as where to be Three des cany the sam but it is more conent for at g Pusat For example, the can go to hel od 15 marked-p price of $104 for the dress Store Larel Departe Arress Te Stare Neighboring City es away fr where y Lo departme Across Ten Neighing City Travel Ties Each Way (M) 15 30 the buys it from the Juan 136 an hour at work. She has to take off work to use her dress, so each hour away from werk costs her $36 in loc Assume that reg te work as and the area getting to store and that it takes her 36 rates to shop. As you a of the in questions, ignore the cost of gasase and preciation of her car when ng that Just takes opportaily cos and the Price of a Bress (Dar perdr 104 HET Com the file by computing the oportunity cost of it's and the total cost of shoe teach Opportunity Cet of Time (Daders) Haka Price of a Gress (d) 104 XT 99 and Total Cast a (y) of the dress into consideration when she shape wat will the cast of the dress Grade It Now Save & ContinueSee Answer
Q14:4. A decision at the margin Carlos is a hard-working college senior. One Saturday, he decides to work nonstop until he has answered 100 practice problems for his physics course. He starts work at 8:00 AM and uses a table to keep track of his progress throughout the day. He notices that as he gets tired, it takes him longer to solve each problem. Time 8:00 AM 9:00 AM 10:00 AM 11:00 AM Noon Total Problems Answered 0 40 70 90 100 Use the table to answer the following questions. The marginal, or additional, gain from Carlos's second hour of work, from 9:00 AM to 10:00 AM, is The marginal gain from Carlos's fourth hour of work, from 11:00 AM to noon, is Later, the teaching assistant in Carlos's physics course gives him some advice. "Based on past experience," the teaching assistant says, "working on 25 problems raises a student's exam score by about the same amount as reading the textbook for 1 hour" For simplicity, assume students always cover the same number of pages during each hour they spend reading. problems. O 1 hour working on problems, 3 hours reading O 2 hours working on problems, 2 hours reading O 3 hours working on problems, 1 hour reading O4 hours working on problems, 0 hours reading problems. Given this information, in order to use his 4 hours of study time to get the best exam score possible, how many hours should he have spent working on problems, and how many should he have spent reading?See Answer
Q15:Attempts Keep the Highest / 1 5. Changes in incentives Because of the violent nature of the sport, professional American football players are at risk of suffering concussions (or brain injuries) during the violent collisions that occur between players during the game. Violent collisions involving hits to the head are particularly risky. Suppose the commissioner of the National Football League (NFL) institutes a rule requiring players to wear a new, lighter helmet that is designed to reduce head trauma during collisions between players on the field. While the new helmets the probability of a concussion resulting from each individual collision, at the same time the new helmets could also give football players an incentive to play more. , which could potentially the amount of violent collisions and thus the number of concussions suffered by NFL players, all else equal. Grade t Now Save & Continue Continue without savingSee Answer
Q16:6. Scarcity, opportunity cost, and marginal analysis Beth is training for a triathlon, a timed race that combines swimming, biking, and running. Consider the following sentence: Because her pool sessions are helping her swim more quickly, Beth plans to reduce by 1 hour per week the time she spends training on the bike and increase by 1 hour the time she spends in the swimming pool; however, her husband says that she should stop doing any biking and running and spend all 20 hours per week in the pool. Which basic principle of individual choice does Beth's plan illustrate that her husband's advice does not? O Resources are scarce. O All costs are opportunity costs. O Many decisions are made on the margin. O People usually exploi-pportunities to make themselves better off. Grade It Now Save & ContinueSee Answer
Q17:Attempts Keep the Highest/1 7. The interaction of individual choices Immediately after an ice storm brought down power lines throughout the region, hardware stores were sold out of batteries and flashlights. However, within a couple of days, special deliveries brought in extra batteries and flashlights, and everyone who wanted to buy a flashlight or batteries was able to do so. Which of the following principles of economic interaction best describes this scenario? O There are gains from trade. O All costs are opportunity costs. O Markets allocate goods effectively. O When markets do not achieve efficiency, government intervention can improve overall welfare.See Answer
Q18:Attempts 8. Property rights and market failures Loggers are much In the presence of Keep the Highest/2 likely to supply wood to the market if property rights are not enforced. more less failures, public policy can improve economic efficiency. Classify the source of market failure in each case listed. Market Failure A house party plays music at a very high volume, disturbing other residents in the neighborhood. There is only one car dealership in a small town, giving the dealership the ability to influence the price of cars. Market Power ExternalitySee Answer
Q19:9. Factors that influence standard of living Which of the following government policies is least likely to increase the standard of living in the United States? O Raising the minimum wage paid to workers O Investment in education and skills training for workers O Investment in tools and capital for workers O Investment in technologySee Answer
Q20:(b) i. Calculate the average GDP growth rate and trade deficit level during the period 2001- 2020. [3 marks] ii. Tariff (line 25) [2 marks]See Answer

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