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- 4Prepare 3 interview questions about this economic topic that you plan to ask your guest. Your questions should be thoughtfully prepared and reflect your depth of knowledge about the topic and the concepts we have learned in this course. (2 sentences for each question)(c) Obviously, something is wrong. Can you explain what it is? (Hint: Think of basis, or reference. For example, if you had an investment that appreciated 100% in value one day, and you lost 100% of your investment the next, would you still have any money left?)
- Explain how a recession can affect the aggregate demand of an economy. Your explanation should include a relevant example of such a recession and its effects on economies in general and emerging economies in specific (like UAE). (1000 words4.2. (a) What does the index of intra-industry trade measure and does it tell us anything about the total amount of trade? (b) There are two ways of measuring the degree of intra-industry trade within an industry: min (imports, exports) Index of intraindustry trade = 1 2 (imports + exports) -(lexpe (lexports - imports| exports + imports Grubel Lloyd index = 1 - Using the first formula, calculate the index of intra-industry trade for the U.S in 2014 for the products on Table 1. Using your answer in (b) above, what does the index of intra- industry trade of men's shorts, large passenger aircraft, telephones and golf carts tell us? (d) What are the two necessary conditions to obtain a high index of intra-industry trade?
- III. PROBLEM SOLVING Lino Batumbakal is now exploring the option to start selling beef wellington. He is trying to find out how many must he sell in order to start earning money. From an initial feasibility study, he will incur a total of 200,000 pesos for equipments and other fixed expenses. He is planning to sell the wellington at 500 pesos for each incurring direct expenses of 150,000 pesos in the production. According to Lino Bataumbakal's feasibility study, should he start selling the beef wellington, he will have the following data: Price 500 2,100 Q 12 10 4 6 1. What will be the TOTAL COST EQUATION? 2. How many units must he sell in order to break even? 3. How much should be her revenue to earn a profit worth 100,000 pesos? 4. If Lino would like a Net Profit of 300,000 pesos, how many units should he sell?12 ( answer only )2. (TRUE/FALSE) To economists, the amount of a resource stock in situ is an important measure of scarcity of the resource
- 5. (b) Are the following statements true or false? Justify your answer (simply saying true or false will carry no credit). i) "A labor market dominated by a single buyer achieves Pareto efficiency if the buyer operates as a perfectly discriminating monopolist". ii) "A cake is divided between two individuals; Pareto optimality requires that they receive equal shares".3. (10 points) At the recent shareholders' meeting in June 2023, the CEO of a small bank proposed a plan to offer each of its employees 250 incentive options for Class A common stock. The key provisions of the plan are that employees must exercise the options between January 2027 and December 2028, and if an employee terminates their employment with the bank (or is terminated) before January 2027, the options are no longer exercisable. As CEO, how would you defend the stock option plan to the shareholders? Please give an explanation. (Note: A stock option is a form of employee compensation where the firm gives the employee an option to purchase equity shares in the company at an agreed upon price, which is usually the market price of the stock on the day the option is granted. These shares would be bought from the company and not on the open market. After the date when the company states that the option can be exercised, which is some time in the future, any time the market value of…please answer (i)(ii)(iii)