Economy Powerpoint
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The document discusses several issues facing the US economy: health care costs, taxing the wealthy, and the auto industry program "Cash for Clunkers." Regarding health care, the author argues that mandating business coverage will hurt competition. On taxing the rich, the author claims the proposal will stimulate spending but offers no facts. For "Cash for Clunkers," the author says the environmental benefits are small while it provides an industry boost.
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Extra Credit
1. A “natural monopoly” exists when
A company creates a monopoly because it has an important patent
A company naturally creates a monopoly because it was more innovative than other competitors
One company can serve a market less costly than two or more firms.
2. True or False? Most public utilities are considered to be natural monopolies.
3. The presence of very large fixed costs and relatively low variable costs typically results in
A. Average costs declining throughout the relevant range of demand
B. A natural monopoly
C. Both A and B
D. Neither A nor B
4. An example of a Public Utility would be
Walmart
El Paso Electric Co.
Congress
Microsoft
5. The Public Interest Theory of regulation suggests
Government regulates to promote social economic welfare (as economists would prescribe)
Government regulates to promote their own welfare
Government should not regulate at all
None of the above
6. True or False? Stigler’s Economic Theory of Regulation suggests that people in government are self-interested individuals.
Suppose a power plant generates an additional 10 mWh of electricity for a profit of $100,000. This additional production also creates pollution damages to others equivalent to $120,000. From society’s view, the efficient decision is not to generate the additional power.
7. True or False? Under the Coase Theorem without transactions costs, the efficient decision will be made when the public has the right to receive damage payments.
8. True or False? Under the Coase Theorem without transactions costs, the efficient decision will be made when the power plant has the right to pollute.
9. True or False? If the market causing a negative externality has a property right to do so, the Coase Theorem would suggest that those being harmed would organize and make a payment to stop or limit the market activity.
10. The presence of transaction costs in the “real world” may
Give a rationale for government regulation.
Ensure that the Coase Theorem efficiency results always prevail.
Make it easy to organize people against a polluting company.
11. Why is it rational for groups affected by regulation to expend resources to influence regulatory decisions?
Government’s power of coercion may be used to redistribute wealth between groups of people.
Government will do what is best for the public interest.
Government regulation should be eliminated.
12. “Taxation by Regulation” (Richard Posner) suggests that regulation is used for what purpose?
Help airlines and other regulated industries.
Cross-subsidize certain markets or market segments.
Increase the general fund (tax revenues) directly collected by the government.
Protect the environment.
13. True or False? The “Capture Theory” of regulation is an extreme (polar) case of the Economic Theory of Regulation.
14. Which of the following is not an assumption under Professor Stigler’s “Economic Theory of Regulation”?
All actors in a political-economy are self-int.
Mccain Economics
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Mccain Economics
The document discusses several policy proposals to address economic issues and promote renewable energy. It suggests fixing labor laws to allow more flexible work from home arrangements, providing portable healthcare not tied to employment, shifting to individually purchased health insurance with tax credits for families and individuals, increasing research funding for chronic diseases, and providing tax incentives for corporations to lower emissions through cap-and-trade systems for renewable energy.
Jobs, Innovation, and Opportunity in the States
With unemployment remaining stubbornly high, and most Americans worrying about pocketbook issues like jobs, energy costs, retirement security, and health care affordability – ALEC releases its plan for Jobs, Innovation, and Opportunity. State lawmakers today face very difficult economic challenges. Since 1973, ALEC has focused on providing solutions to America’s biggest problems. State lawmakers can conquer today’s economic challenges by refocusing on our nation’s founding principles of limited government and free markets. The states, not Washington, D.C., must take the lead in restarting America’s economic engine and putting people back to work.
For more information, please visit www.alec.org.
Chamber Jobs020110
The document outlines a strategy by the U.S. Chamber of Commerce to create 20 million new American jobs over the next 10 years through promoting free enterprise. It proposes six policy strategies: doubling U.S. exports in five years; rebuilding America's infrastructure; investing in energy and new technologies; promoting healthy credit markets; reducing uncertainty around tax, health, environmental, and other policies; and educating and training American workers. The Chamber will advocate for these strategies and highlight state-specific job needs and growth opportunities through its "20 Million Job Challenge" campaign.
Strategy for New American Jobs
The document outlines a strategy by the U.S. Chamber of Commerce to create 20 million new American jobs over the next 10 years through promoting free enterprise. It proposes six policy strategies: doubling U.S. exports in five years; rebuilding America's infrastructure; investing in energy and new technologies; promoting healthy credit markets; reducing tax, health care, and regulatory uncertainty; and educating and training American workers. The Chamber will advocate for these policies and highlight state-specific job needs and growth opportunities.
The subsidies given in 2015 Budget in Sri Lanka..
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1 Because economic generalizations are simplifications from reali.docx
1: Because economic generalizations are simplifications from reality, they are impractical and useless.
A. True
B. False
2: Normative statements are expressions of facts.
A. True
B. False
3: Marginal analysis means that decision-makers compare the extra benefits with the extra costs of a specific choice.
A. True
B. False
4: The production possibilities curve shows various combinations of two products that an economy can produce when achieving full employment.
A. True
B. False
5: The present choice of position on the production possibilities curve will not influence the future location of the curve.
A. True
B. False
6: The lower the consumer's income, the higher his or her budget line.
A. True
B. False
7: The guiding function of prices tends to keep resources flowing toward their most highly valued uses.
A. True
B. False
8: Because of their large-scale level of production, pure monopolists overallocate resources to their industry by producing beyond the P = MC output.
A. True
B. False
9: Natural monopoly may result where products produce substantial network effects and can be simultaneously consumed by a large number of consumers.
A. True
B. False
10: Price discrimination is illegal in the United States under antitrust regulations.
A. True
B. False
11:
Refer to the above diagram for a nondiscriminating monopolist. The profit-maximizing output for this firm is M.
A. True
B. False
12:
Refer to the above diagram for a nondiscriminating monopolist. If the government regulates the monopolist so that it charges the socially optimal price, the monopolist will produce output Q.
A. True
B. False
13:
Refer to the above diagram for a nondiscriminating monopolist. At output M total cost will be 0CHM.
A. True
B. False
14:
Refer to the above diagram for a nondiscriminating monopolist. At the profit-maximizing output the firm's economic profit will be BAFG.
A. True
B. False
15: In a competitive market, every consumer willing to pay the market price can buy a product and every producer willing to sell the product at that price can sell it.
A. True
B. False
16: The demand curve of a monopolistically competitive firm is more elastic than that of a pure monopolist.
A. True
B. False
17: If three or four homogeneous oligopolists collude, the resulting price and production outcomes will be similar to those of pure monopoly.
A. True
B. False
18: All other things equal, the larger the number of firms in an oligopolistic industry, the more difficult it is for those firms to collude.
A. True
B. False
19: Collusion among firms always involves formal agreements.
A. True
B. False
20: As it relates to oligopoly, game theory focuses on the strategic behavior of rival firms.
A. True
B. False
21: Homogenous oligopolists tend to advertise more than do differentiated oligopolists.
A. True
B. False
22: It will be profitable for a firm to hire additional units of any resource up to the point at which its MRP is equal to its MRC.
A. True
B. False
23: ...
FADA writes letter to PM Narendra Modi
1) The Federation of Automobile Dealers Associations (FADA) represents over 15,000 automobile dealers in India, accounting for 90% of automobile sales. It is appealing to the Prime Minister for support amid the challenges posed by COVID-19.
2) FADA predicts automobile sales could drop by as much as 35% due to COVID-19, putting many dealer jobs and livelihoods at risk. It requests working capital support, salary support for the lockdown period, and MSME status for auto retailers to receive relief.
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Generating Economic Benefit and Growth Through Smarter Public Sector Procurement
This ground-breaking report shows how political leaders could create 2.2 million jobs through better purchasing of taxpayer-paid goods and services while cutting the U.S.
deficit.
Written by Colin Cram, Internationally recognized public sector expert.
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The document discusses the 2015 Volkswagen emissions scandal where it was discovered that Volkswagen diesel cars were cheating on emissions tests. In response, governments have implemented new emissions testing methods and banned vehicles with defeat devices that cheat tests. This forces Volkswagen to fix existing vehicles and develop new models meeting regulations, increasing costs. Governments also consider subsidies for zero-emissions vehicles as a long term solution to reduce externalities from vehicle pollution.
Dave Rocker: Tax reform is difficult but effective if done right
The real goal of tax reform should be to reduce the nation's debt as a percentage of GDP. Cuts for the sake of cuts will lead to short term wins but long-term calamity.
Acm+Business+Presentation
AmCorp Management is an expense recovery firm that has been in business for 19 years. It helps businesses locate billing errors and other expenses they have paid incorrectly in order to recover millions of dollars for its clients each year. AmCorp is seeking sales representatives to license with the company in order to help businesses audit their expenses and recover revenue. Licensing with AmCorp costs between $17,995-$29,995 but representatives can recoup much of the cost through commissions on revenue recovered for clients.
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This Dissertation explores the particular circumstances of Mirzapur, a region located in the
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Syllabus
Chapter-1
Introduction to objective, scope and outcome the subject
Chapter 2
Introduction: Scope and Specialization of Civil Engineering, Role of civil Engineer in Society, Impact of infrastructural development on economy of country.
Chapter 3
Surveying: Object Principles & Types of Surveying; Site Plans, Plans & Maps; Scales & Unit of different Measurements.
Linear Measurements: Instruments used. Linear Measurement by Tape, Ranging out Survey Lines and overcoming Obstructions; Measurements on sloping ground; Tape corrections, conventional symbols. Angular Measurements: Instruments used; Introduction to Compass Surveying, Bearings and Longitude & Latitude of a Line, Introduction to total station.
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Chapter 4
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Chapter 5
Transportation: Introduction to Transportation Engineering; Traffic and Road Safety: Types and Characteristics of Various Modes of Transportation; Various Road Traffic Signs, Causes of Accidents and Road Safety Measures.
Chapter 6
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Water Pollution: Water Quality standards, Introduction to Treatment & Disposal of Waste Water. Reuse and Saving of Water, Rain Water Harvesting. Solid Waste Management: Classification of Solid Waste, Collection, Transportation and Disposal of Solid. Recycling of Solid Waste: Energy Recovery, Sanitary Landfill, On-Site Sanitation. Air & Noise Pollution: Primary and Secondary air pollutants, Harmful effects of Air Pollution, Control of Air Pollution. . Noise Pollution Harmful Effects of noise pollution, control of noise pollution, Global warming & Climate Change, Ozone depletion, Greenhouse effect
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Economy Powerpoint
- 1. The U.S. Economy The issues we all face
- 2. A Few Issues Facing The U.S. Economy . Paying For Health Care . Health Care And The Business Community . The Automotive Industry
- 3. Health Care“How do we fund such a program”
- 4. Taxing The Rich A. Impose a surtax on couples making 350,000 and above B. Taxes on the rich will stimulate consumer spending C. This will not affect the small business community
- 5. Effects Of Taxing The Rich A. Will stimulate consumer spending B. Will not hurt the investment sector of the economy C. Will eventually stabalize the economy
- 6. Personal Reflections On The Article The author claims small businesses will not be affected when a large majority of small business owner earn 350,000. The author claims taxes being imposed on the rich will stimulate the economy with no real supporting facts. The comments in the proceeding quote is the essence of redistribution of personal wealth. “If the government were to take the revenue from a tax increase on the very rich and give it to the less well-to-do through government spending or a tax cut, then the result would be a net increase in consumer demand”
- 7. Health Care And The Small Business Community
- 8. Benefits To The Business Community A. Companies will reduce the costs of insuring the uninsured B. Employers providing reform creates a level playing field in the business sector C. The Obama plan will bring down the costs of unnessecarry procedures
- 9. The Reactions Of The Business Community A. Reform proposals still force small businesses to pay for the uninsured through a fund program B. Businesses who are less productive will be driven out of business C. Health car should be treated as a market where employers can do their own price negotiations
- 10. Personal Reflections On The Article The article states that costs will be driven down when the business owners will still be required to contribute to a federal program for health benefits. The proponents claim a level playing field will be created this destroys competition in the market economy. Good point in the article that we need to concentrate more on prevention, but chronic care would drive up spending. “A mandate would impose a crushing burden- one that would chill growth and job creation” This statement is very true.
- 11. Cash For Clunkers And Its Positive/Negative Benefits
- 12. Benefits Of The Program A. Reduces emissions through the use of more fuel efficent cars. B. Gives a boost to the ailing automotive industry in the U.S.
- 13. Negative Effects Of The Program A. People are trading in vehicles to gain two miles per gallon. B. Environmental emissions are increased to dispose of the old vehicles.
- 14. Personal Reflections On The Article I agree that the environmental benefits of the program are utterly meaningless. The program does create a jolt to the auto industry, but this can be done in more efficent ways. The American people love their SUV’s and many people are only gaining two miles per gallon as the article states. “ On the other hand the program offers a jolt to the economy”
- 15. Conclusion All of these issues are becoming huge obstacles to economic recovery in the United States. Health needs reform but it can be accomplished through different avenues such as Tort Reform. Requiring businesses to provide or fund health care is destructive to the private sector of the economy. In the same respect Cash For Clunkers is a perfect example of the power of the American consumer. Only the 4,500 or 3,500 cash allowance could have been created through tax cuts, enabling the American people to stableize other sectors of the economy. The market for used cars and small business in that sector has been effected. The country just needs to slow down and maybe use some common sense solutions. LINKS AND VIDEOS http://www.youtube.com/watch?v=fRdLpem http://www.youtube.com/watch?v=yt1fYSAChxs http://www.youtube.com/watch?v=0BWBdVicXnk
- 16. Works Cited Page Cohn, Jonathan, June 12, 2009, Buyer Beware, The New Republic and KHN, Retrieved August 10, 2009 From http://www.tnr.com/politics/story.html?id=e2f6a23f-64ab-4f11-9c44-efc9d6e0bbb1 Judis, John B. July 21st, 2009, Make Them Pay, The New Republic and KHN, Retrieved August 10, 2009 From http://www.tnr.com/politics/story.html?id=700da4c9-ed0f-4036-a017-ce2cc0667a78 Plumer, Bradford, July 31st, 2009, Cash For Clunkers Goes Haywire, The Vine, Retrieved August 10, 2009 From http://blogs.tnr.com/tnr/blogs/environmentandenergy/archive/2009/07/31/cash-for-clunkers-goes-haywire.aspx