Misty__Smith_HIS_200__Applied_History (2)

Tourism Economics focuses on understanding the economic impacts of tourism on a destination's economy. A key component of this field is the analysis of how tourism affects local employment. In many destinations, tourism acts as a major employment driver, offering various job opportunities in sectors such as hotels, restaurants, transportation, and entertainment. For instance, a coastal town that becomes a popular tourist destination might see a surge in employment in these sectors. This economic impact is significant as it: A) Decreases overall employment in the town B) Increases unemployment rates C) Contributes to job creation and economic growth D) Has no effect on the local job market*

Scenario and activity: Managerial economics helps in estimating the product demand, planning of production schedule, deciding the input combinations, estimation of cost of production, achieving economies of scale and increasing the returns to scale. It also includes determining price of the product, analyzing market structure to determine the price of the product for profit maximization, which helps them to control and plan capital in an effective manner. Successful mangers make good decisions, and one of their most useful tools is the methodology of managerial economics. Mr Kevin Buffett, the renowned chairman and CEO of Bedfordshire Companies, invested $100 and went on to accumulate a personal net worth of $30 billion. Buffett credits his success to a basic understanding of managerial economics. Buffett's success is a powerful testimony Managerial economics has a very important role to play by helping managements in successful decision making and forward planning. To discharge his…

ASSIGNMENT  Opportunity cost is all about making choices and how you adequately and effectively manage it. What do you understand by the concepts of intra and inter temporal choice models in Managerial Economics, further as a fresh graduate of MSc in Managerial Economics, clearly demonstrate how intra and inter temporal choice models can make society incur an opportunity cost if not managed adequately and effectively ?

Create a backround of the study regarding Nepotism in the workplace: - provide introduction about nepotism, and answer the question: is it a problem ? why ? or why not ? - Provide the accurate definitions of nepotism according to different scholars - Answer the question: How will you know if someone is hired through nepotism? - cite some cases about how nepotism in workplace works - give some criteria that proves that someone is hired through nepotism - focus on both positive and negative side of nepotism - provide legit source and authentic citations - provide citation to every claim - sources should be specific, for example, name and year

Assessment 1 - Part 3 question: 1) The wage gap between high skilled and low skilled workers in the US has been rising over 1980-2010. Can you explain this using what you have learned from our course about trade? 2) Consider an economy with two sectors: manufacturing and agriculture. Manufacturing requires labour and capital; agriculture requires labour and land. Note that capital can only be used in manufacturing and land can only be used in agriculture. Labour can be freely mobile across two sectors. Now the government considers passing a law that will allow immigration into the country. Explain who will support this law.

Consider the specific-factors model with 2 goods: manufacturing and agriculture. Manufacturing requires labour and sector-specific capital, while agriculture requires labour and sector-specific land. Labour is freely mobile across sectors. The government is considering to impose an import tariff on agricultural products. Which of the following is true? (a)The relative price of agricultural products will go down. (b)Capitalists will support this initiative. (c)Agricultural production will increase. (d)Marginal product of labour will decrease in manufacturing.  Explain your answer clearly. Limit your explanation to 200 words.

This is not a writing assignment, this is a multiple-choice question   Which of the below statements does NOT reflect one of the economic impact of immigration (legal and illegal)?   Group of answer choices   Immigration (legal and illegal) INCREASES the wages of the native-born population by an estimated $402 billion a year (2013).   Immigrant workers (legal and illegal) make the U.S. economy (GDP) an estimated 11% larger ($1.6 trillion, in 2013).   The collective gain from immigration to the native-born population was $35 billion, This is referred to as the "immigration surplus."   Nighty seven point eight per cent of the gain in GDP from immigration goes to the immigrants themselves and the net benefit of immigration to the native-born population is quite small.

Scenario 2: Maritza is 19 years old and recently graduated from high school. Like Mark, she would like to work in a clothing store. Martiza believes that she can work well with customers and has always been interested in fashion. However, she needs some special training to realize her goal. To get the training, Maritza must apply to the government, which decides what training is available and who will be trained. The government sets production quotas for the clothing industry. In fact, Maritza's present job is a state position that requires her to figure out how much of each type of clothing the stores in her town will need in the coming year. Forms from all towns are sent to the central planning committee, which then tells the factory managers how much and what to manufacture. If cloth or metal for snaps and zippers are needed for defense or export purposes, shortages may develop. Basic Economic Questions From what you have read, fill in the chart below with examples that show how…

what is the terminology for the definition below? Unemployment caused by annual changes in the weather or other conditions that happen at certain times of the year

In 2013, Cher sold her Malibu Mansion for $45 million (Links to an external site.). It was originally listed for $49 million but no one offered to buy at that price. The price was lowered to $45 million and still no buyers. The interior of the house was remodeled and the house was relisted. Eventually Beyonce bought the house for $45 million (Links to an external site.). Which option is correct? This is an example of Relocation of the location of a good from low to high valued use or relocation of the legal ownership of the good from low to high valued.  Revealed Preference tells us Beyonce valued Chers mansion More than 49 million, less than 45 million, between 45 and 49 million?  In this example, Cher  Valued the good more or valued the good less than Beyonce. In 2018, the swine flu spread throughout China (Links to an external site.). China accounted from more than half of the global pig population before the swine flue and, as a result of the flu, 40% of the Chinese pig population…

The subtitle of the Commanding Heights series is “The Battle for the World Economy”. This episode is titled “The Battle of Ideas” and begins with the introduction of the two most important economists in the 20th century, John Maynard Keynes and Friedrich von Hayek. Keynes and Hayeks ideas were oppositional to each other, yet in the end, both men would have a profound impact in the world economy of the 20th century. Write a short essay of 1-2 paragraphs identifying the basic ideas of both men and explaining why Keynes dominated the early post WWII era and Hayek that late post WWII era.  I need to write a short essay around 3 paragraphs

Macroeconomic issues include: (A) the impact of government regulation on markets (B) total employment nationwide (C) studying what factors affect the price and quantity of automobiles (D) studying the regulation of wages and production costs in the software industry

Kuwait, among other gulf countries, is implementing a national program aimed at the gradual replacement of non-Kuwaitis by Kuwaitis over the next years. Around half a million Egyptians are currently working in Kuwait, most of them are males. a) Discuss and illustrate graphically the impact of this program of Kuwaitization, if successfully implemented, on the labour market outcomes in Egypt? b) What are the suggested policies that should be implemented by the government to respond to this labour market challenge?

Hi can you please help with explanations/calculations of the last 2 questions (3 and 4) :) 1. After the fall of Cambodia to the communists in 1975 Pol Pot, the leader, instigated a policy of rapid deurbanization. The cities were completely evacuated and all labour went to the country. Using a labour market diagram for the specific factors model with an urban and rural sector, and starting at an equilibrium with a common wage, show this policy on the diagram. The Khmer Rouge took control of all assets and so the ‘capitalists’ became the government. Do a welfare analysis of their policy assuming the returns to capital are renamed the return to the government.2. The Khmer Rouge also murdered teachers, for fear that they might subvert the government. Assume that the specific factor in the rural sector is a combined factor of land and skill level, and that the murdering of teachers reduced productivity. Do a welfare analysis of this policy.  3. Pol Pot killed approximately one quarter of…

Scenario: Imagine you are a policymaker advising the government of a developing nation facing high levels of unemployment and inflation. The government seeks your expertise to design an economic policy that can address both issues simultaneously. As part of your analysis, you decide to apply one of the ten principles of economics to guide your policy recommendations. Question: Select one of the ten principles of economics that you find most relevant to address the challenges of high unemployment and inflation in the given developing nation. Explain how the chosen principle can be applied to formulate an effective economic policy. Discuss the potential trade-offs and limitations of your proposed policy and evaluate its long-term sustainability.

The Black Death: (a) Wages were higher after the Black Death because of diminishing returns. Our production model exhibits diminishing returns to labor: each additional unit of labor increases output by less and less. So if the amount of labor is reduced, the marginal product of labor — and hence the wage — increases. The reason is that capital stays the same: each remaining worker is able to work with more machines, so his productivity rises. In fourteenth-century Europe, the marginal workers could move to better land and discard old broken-down tools. Graphically, this can be seen by considering the supply-and-demand diagram for labor in Figure 4.2(b). If the supply of labor shifts back (because a large number of workers die), the equilibrium wage rate increases. Draw this graph — including the shift in the labor supply curve — to see the result for yourself. Mathematically, the result can be seen in the solution for the wage rate in our production model,…

Unforeseen economic factors caused a Central American nation to suffer from a catastrophic and permanent shift in the demand for the furniture it manufactured and the fruit it produced. The country is experiencing high unemployment as a result. Per the IMF's Articles of Agreement, this nation suffered from a Multiple Choice competitive advantage. capital flight. fundamental disequilibrium. break-even point. diseconomies of scale.

Market Failure Intermediate Microeconomics question

Globalization has enlarged the pool of labor force from which U.S. corporations can draw for their production, and this has eroded the collective bargaining position of U.S. labor unions.  Group of answer choices   True   False

How can machine learning be used to analyze data-filled Excel spreadsheets? Let's say you're sitting on a spreadsheet with hundreds of open-ended responses from a recent customer survey. Getting insights from a batch like that will mean hours of manual work. Sorting each answer by topic and overall sentiment will prove to be a cumbersome task. And, in the meantime, urgent matters may come up that require your team's attention. A machine learning model can take care of this analysis in an easy, fast, and consistent way. Having a model analyzing your Excel spreadsheets automatically can save your team hours of valuable time and productivity. Additionally, machine learning models can take care of large spreadsheets in a matter of seconds, scaling your team's productivity upwards. This Al Economics Project will show you how to analyze data-filled Excel spreadsheet for Business Intelligence. Depending on the quality of the answer, you are awarded up to 20-32 points for each assignment. Any…

Figure 2 represents the Texas labor market. In this simplified model, labor and capital are the only factors of production. The initial supply of labor is denoted by S0 and consists entirely of U.S. workers. The demand for labor is denoted by D. Quantity of workers are in thousands and the wage rate is for a 40-hour workweek. (a) At labor market equilibrium, what is total weekly labor income? (b) At labor market equilibrium, what is the weekly income earned by U.S. capital owners? (Note: the capital owners are on the demand side – the demand curve reflects their demand for labor -- so the consumer surplus is the capital owner’s income.) Mexican labor migration yields a new labor supply curve, S1, which is the combination of domestic labor supply and Mexican labor. Given this: (c) What is total weekly labor income?(d) What is the weekly income earned by U.S. capital owners?

Question: Evidence indicates that the typical person who becomes unemployed in the U.S. labor market will a) leave the labor force and never return. b) soon find a job. ↓ c) find a job but not before a year or more has gone by. d) retire soon after. Note: The hand written solution is prohibited.

Which of the given options would be studied in a microeconomics course? (A) How an increase in the tax rate affects the overall performance (B) Comparison of inflation rates between countries (C) How a trade agreement between the United States and Mexico affects both nations’ unemployment rates (D) Impact of rental roofs on the housing supply

The figure on the right shows the market for labor in a given industry. The demand curve is downward-sloping because marginal productivity falls as more workers are employed, while the supply curve is upward-sloping since an increase in the wage increases the opportunity cost of leisure Now suppose that technological change occurs that is labor complementary, all else constant. 1.) Using the line drawing tool, show the impact of this event. Label your curve appropriately. Carefully follow the instructions above and only draw the required object. According to the graph, the consequence of the change in technology is a higher market wage and a lower level of employment. Daily wage fe Days worked per year D₂ S₁ D₁

Homework (Ch 09) * MindTap - Cengage Learning x + atic/nb/ui/evo/index.html?deploymentld=58830023220612202193347127562&elSBN=9781337622349&id=D908491136&snapshotld=19375308& CENGAGE MINDTAP Homework (Ch 09) Suppose Ginny gives haircuts on Saturdays to make extra money. She is the only person in town cutting hair on Saturdays and therefore has some market power. Assume that she does not incur fixed costs, and the only significant variable cost to Ginny is her time. As she gives more haircuts, Ginny must increasingly forgo other valuable Saturday activities. For example, if she gives one haircut, she forgoes reading the paper after breakfast. If she gives two haircuts, she gives up reading the paper and sleeping an extra half-hour. Ginny's clients are a varied group willing to pay between $16.00 and $28.00 for a haircut. Assume that Ginny cannot price discriminate, i.e., charge different clients different prices. If Ginny charges $28.00 per haircut, she will have one client per week; if…

If Jasmine had not taken a job at a restaurant, she would have taken a job at a department store. The opportunity cost of her taking the restaurant job is the difference in future earnings because of not pursuing an advanced degree. the difference in present expenses due to not moving back to her home state to live with her grandparents. the total value of the job at the department store, including wages, work experience, and so on. the total expenses associated with interviewing for the restaurant job, including transportation, time, and anxiety. the total expenses associated with the restaurant job, including clothing, transportation, and so forth.