Categories
Macro Economics

Learning Goal: I’m working on a macro economics project and need a reference to

Learning Goal: I’m working on a macro economics project and need a reference to help me learn.
Please Read CAREFULLY The rubrics and follow. MAKE SURE cover ALL the topics, do the assignment on the template provided.

Categories
Macro Economics

Learning Goal: I’m working on a macro economics test / quiz prep and need suppor

Learning Goal: I’m working on a macro economics test / quiz prep and need support to help me learn.
A little quiz

Categories
Macro Economics

Saudi Vision is shifting the dependency of Saudi Economy from Oil sectors to Non

Saudi Vision is shifting the dependency of Saudi Economy from Oil sectors to Non-Oil Sectors. Yes, or No? Discuss your opinion in minimum 200 Words.

Categories
Macro Economics

Learning Goal: I’m working on a macro economics question and need an explanation

Learning Goal: I’m working on a macro economics question and need an explanation and answer to help me learn.
Assignment Questions:(Marks:15)
Q1. Compute the percentage changes for the following (enter your responses as integers):
(3 Marks) [Ch. 1]
Initial Value
New Value
Percentage Change
100
112
50
54.0
10
12.5
Q2. What is an opportunity cost? How does the idea relate to the definition of economics? Which of the following would entail the greater opportunity cost: Allocating a square block in the heart of New York City for a surface parking lot or allocating a square block at the edge of a typical suburb? Explain.
(Ch 1) [2 marks]
Q3. Consider a student studying for a biology exam. Would you expect study time to be subject to diminishing returns? Suppose productivity is measured as the anticipated increase in the exam score. Construct a numerical example in which the first hour is twice as productive as the second hour, which is twice as productive as the third hour, and so on up to five hours of study. (2 Marks) [Ch. 2]
Q4. If the florist below shows the marginal benefit that a florist earns from keeping his store open one more hour. The florist has a marginal cost of &70 per hour. For the last five weeks he has stayed open 24 hours.
Hours
Marginal Benefit per Hour
18
100
19
80
20
70
21
60
22
30
23
20
24
10
a. Do you think the florist’s decision to stay open 24 hours is optimal? Why?
(1.5 Marks) [Ch. 2]
b. How many hours do you advise him to stay open? Why? (1.5 Marks) [Ch. 2]
Q5. If the demand and supply curves for boxes are: D = 100 – 8P and S = 22 + 4P, where P is the price of boxes.
a. Does the law of supply apply for the market of boxes? Why? (3 Marks)
b. Calculate the equilibrium quantity and price? (2 Marks)
[Ch. 3]

Categories
Macro Economics

Learning Goal: I’m working on a macro economics discussion question and need gui

Learning Goal: I’m working on a macro economics discussion question and need guidance to help me learn.
PLEASE READ THE RUBRICS AND FOLLOW

Categories
Macro Economics

Learning Goal: I’m working on a macro economics discussion question and need an

Learning Goal: I’m working on a macro economics discussion question and need an explanation and answer to help me learn.
Assignment Questions:
Q1. What is systems engineering and how has Elon Musk applied systems engineering to cut costs and increase profits? Are Musk’s innovations subject to competition, copycats, and creative destruction? Over the long run, how can Musk continue to generate economic profits? [Ch. 6]

Q2. U.S. pharmaceutical companies charge different prices for prescription drugs to buyers in different nations, depending on elasticity of demand and government-imposed price ceilings. Explain why these companies, for profit reasons, oppose laws allowing re-importation of drugs to the United States. [Ch. 7]

Q3. It has been proposed that natural monopolists should be allowed to determine their profit-maximizing outputs and prices, and then government should tax their profits away and distribute them to consumers in proportion to their purchases from the monopoly. Is this proposal as socially desirable as requiring monopolists to equate price with marginal cost or average total cost? Explain. [Ch. 7]
Q4. Why is there so much advertising in monopolistic competition and oligopoly? How does such advertising help consumers and promote efficiency? How does advertising promote inefficiency? [Ch. 8]
Q5. Why do oligopolies exist? List five or six oligopolists whose products you own or regularly purchase. What distinguishes oligopoly from monopolistic competition? [Ch. 8]

Categories
Macro Economics

Learning Goal: I’m working on a macro economics discussion question and need an

Learning Goal: I’m working on a macro economics discussion question and need an explanation and answer to help me learn.
Saudi Vision is shifting the dependency of Saudi Economy from Oil sectors to Non-Oil Sectors. Yes, or No? Discuss your opinion in minimum 500 Words.

Categories
Macro Economics

Learning Goal: I’m working on a macro economics case study and need an explanati

Learning Goal: I’m working on a macro economics case study and need an explanation and answer to help me learn.
Case Study
When taxes induce people to change their behavior—such as inducing Jane to buy less pizza—the taxes cause deadweight losses and make the allocation of resources less efficient. As we have already seen, much government revenue comes from the individual income tax in many countries. In a case study in Chapter 8, we discussed how this tax discourages people from working as hard as they otherwise might. Another inefficiency caused by this tax is that it discourages people from saving.
Consider a person 25 years’ old who is considering saving $1,000. If he puts this money in a savings account that earns 8 percent and leaves it there, he would have $21,720 when he retires at age 65. Yet if the government taxes one-fourth of his interest income each year, the effective interest rate is only 6 percent. After 40 years of earning 6 percent, the $1,000 grows to only $10,290, less than half of what it would have been without taxation. Thus, because interest income is taxed, saving is much less attractive.
Some economists advocate eliminating the current tax system’s disincentive toward saving by changing the basis of taxation. Rather than taxing the amount of income that people earn, the government could tax the amount that people spend.
Under this proposal, all income that is saved would not be taxed until the saving is later spent. This alternative system, called a consumption tax, would not distort people’s saving decisions.
Various provisions of the current tax code already make the tax system a bit like a consumption tax. Taxpayers can put a limited amount of their saving into special accounts—such as Individual Retirement Accounts and 401(k) plans—that escape taxation until the money is withdrawn at retirement. For people who do most of their saving through these retirement accounts, their tax bill is, in effect, based on their consumption rather than their income.
European countries tend to rely more on consumption taxes than does the United States. Most of them raise a significant amount of government revenue through a value-added tax, or a VAT. A VAT is like the retail sales tax that many U.S. states use, but rather than collecting all of the tax at the retail level when the consumer buys the final good, the government collects the tax in stages as the good is being produced (that is, as value is added by firms along the chain of production). Various U.S. policymakers have proposed that the tax code move further in direction of taxing consumption rather than income. In 2005, economist Alan Greenspan, then Chairman of the Federal Reserve, offered this advice to a presidential commission on tax reform: “As you know, many economists believe that a consumption tax would be best from the perspective of promoting economic growth—particularly if one were designing a tax system from scratch—because a consumption tax is likely to encourage saving and capital formation. However, getting from the current tax system to a consumption tax raises a challenging set of transition issues.”
Q1: What should be taxed – Personal Income or Personal Consumption and why? Provide your opinion based on the case given above. (Minimum 200 words).
Q2: How may it affect Saudi Economy if an income tax is imposed in KSA?(Min 200 words)

Q3: In each of the following cases, determine how much GDP and each of its components is affected?
Ahmad spends $300 to buy his dinner at the finest restaurant in Boston.
Abdul spends $1500 on a new laptop to use it in his software company in KSA.The laptop was built in China.
Jane spends $1200 on a computer to use in her editing business.She got last year’s model on sale for a great price from a local manufacturer.
General Motors builds $500 million worth of cars, but consumers only buy $470 million worth of them.
Q4:I n 2020, Value Added Tax (VAT) was increased from 5% to 15% in KSA. Critically discuss the welfare effects of this VAT reform and its implications on businesses and consumers in KSA.”

Categories
Macro Economics

Learning Goal: I’m working on a macro economics case study and need an explanati

Learning Goal: I’m working on a macro economics case study and need an explanation and answer to help me learn.
All the information that you will need is mentioned in the document and if you need anything else please let me know.
Please pay more attention to the requirements written in the assignment and to the refferences used.
Thank you

Categories
Macro Economics

Learning Goal: I’m working on a macro economics discussion question and need gui

Learning Goal: I’m working on a macro economics discussion question and need guidance to help me learn.
Please read the rubrics and follow