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*

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

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…

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.

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.

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

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…

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

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…

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

Labor Market Flows Suppose that the law of motion for unemployment is given by 441 - u, = s(1 – u,) - fu,, where u, denotes the unemployment rate at time t, s is the job separation rate and fis the job finding rate. (a) Solve for the steady-state unemployment rate. Explain what happens to the steady- state unemployment rate and the duration of unemployment if the job separation rate s increases. Suppose that the matching function is such that the job finding rate is given by f(e,) = A0!2, where 0, = v,lu, is the labor market tightness and v, is the vacancy rate at time t. Coefficient A captures the efficiency of the matching process. (b) . - 'Jsing the steady-state unemployment rate and the functional form for f(0), derive the Beveridge curve (i.e., express v, in terms of u,) and explain how v, and u, are related. (c) Suppose that there is free entry, i.e., firms post vacancies until the expected value 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 following are correct statements about the Labor Market model, EXCEPT:   Question 14 options:   The Demand for labor is mainly determined by the Marginal Productivity of Workers.    The Supply of Labor is mainly determined by the Opportunity Cost for Work.    An increase in Labor Productivity will likely lead to higher wages but less total labor demand.    In equilibrium, the market for labor will attain zero unemployment.

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,…

Your boss, who loves geometry, is excited because he has heard that the company's new foreign branch is going to be employing a polycentric approach to hiring. He believes this means they want to hire people who are good at math. While you are trying hard not to laugh, you take the time to explain that this means the company will be focusing on: finding the best person for the job, regardless of nationality. the human resource practices of the home country. the human resources practices of the host country. ensuring that the parent company values are reflected in the human resource policies. O O

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…

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

Answer the given question with a proper explanation and step-by-step solution. ***Please provide an answer for the boxes below as well as the question under. Every year, management and labor renegotiate a new employment contract by sending their proposals to an arbitrator, who chooses the best proposal (effectively giving one side or the other $3 million). Each side can choose to hire, or not hire, an expensive labor lawyer (at a cost of $100,000) who is effective at preparing the proposal in the best light. If neither hires a lawyer or if both hire lawyers, each side can expect to win about half the time. If only one side hires a lawyer, it can expect to win four fifths, or 0.8, of the time. Use the given information to fill in the expected payoff, in dollars, for each cell in the matrix. (Hint: To find the expected payoff, multiply the probability of winning by the dollar amount of the payoff. Be sure to account for lawyer costs, which are incurred with certainty if a lawyer is…

Suppose that the demand curve of the labor market is p=105-q. where p is the price of labor (wage) and q is the number of workers employed. There are 100 people who are willing to work for any wage. In this situation, the unemployment rate (UR) has been recorded at 5%. This means that the current wages are at a level where the UR is 5%. Now, suppose the government sets a policy goal of raising the current wage rate by 20%. We can expect this policy to change the UR from 5% to (1)_-. %.

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 2 Scarcity is a condition that exists when there is a fixed supply of resources relative to the demand for the product. there is a large demand for a product. resources are not able to meet the entire demand for a product. All of these

Consider an economy which is divided into different sectors, each producing a differentiated product. Workers in each sector are organized in a trade union which monopolizes the supply of labour to all firms in the sector. Because of its monopoly position, the trade union in each sector may dictate the nominal wage rate  to be paid by employers in that sector. However, employers are free to choose the level of employment. For simplicity, assume that the number of working hours for the individual worker is fixed, so total labour input is proportional to the number of workers employed. Workers in sector  are educated and trained to work in that particular sector, so they cannot move to another sector to look for a job. If a worker fails to find a job in his sector, he therefore becomes unemployed. His real income will then be equal to the real rate of unemployment benefit . An employed worker in sector  earns the real wage  where  is an index of the general price level, so his net income…

Firms compensate workers with "benefits" in addition to wages and salaries. The most prominent benefit offered by many firms is health insurance. Suppose that in 2010, workers at one steel plant were paid $35 per hour and in addition received health benefits at the rate of $7 per hour. Also suppose that by 2020 workers at that plant were paid $36.75 per hour but received $31.50 in health insurance benefits. Instructions: Enter your answers rounded to 1 decimal place. a. By what percentage did total compensation (wages plus benefits) change at this plant from 2010 to 2020? Total compensation increased v by 62.5 %. What was the approximate average annual percentage change in total compensation? b. By what percentage did wages change at this plant from 2010 to 2020? Wages (Click to select) v by |%. What was the approximate average annual percentage change in wages? c. If workers value a dollar of health benefits as much as they value a dollar of wages, by what total percentage will they…

How does the supply side of the market relate to the real world of business in relation to managerial economics?