ECO 203 Final Paper

Part 2 question: Imagine you are one of the few highly skilled workers in a less developed country. Your country has been increasingly participated in Global Value Chains (GVCs) in the past decades. Is your country’s increasing involvement in GVCs is a good thing for you? Explain why.  [Note: assume that you are primarily concerned about your wages, and you have no intention to migrate to other countries].

5:06 A & & & O M P Page 2 of 5 QUESTION 2 The table below contains data on international transactions for the country of Econia. All figures are in thousands of Econia Dollars (E$), and you may assume that there is no statistical discrepancy generated by the collection of the data on the various kinds of transactions. Complete the table by filling in the light-blue shaded cells. Payments from the rest of the world All figures in thousands of E$ Payments from Econia to the rest of the world Net Payments to Econia to Econia Sales and purchases of goods & services Factor payments 5,250 2,500 1,500 1,000 Transfers 750 1,250 -500 Sales & purchases of assets 10,000 Total Current Account 10,250 Total Financial Account Page 3 of 5 QUESTION A3

Economics Present a brief overview of the Canadian Economy in past 10 years in terms of macroeconomic indicators and compare it with Canada's neighboring countries. How Canadian Economy changed during these years in terms of exchange rate, GDP per capita, trade and also inflation?

Refer to the World View below: WORLD VIEW Zimbabwe's Trillion-Dollar Currency Imagine the price of coffee doubling every day. Or the price of a textbook soaring from $100 to $12,800 in a single week! Sounds unbelievable. But that was the day-to-day reality in Zimbabwe in 2008-2009, when the inflation rate reached an astronomical 231 million percent. The Zimbabwean currency lost so much value that people needed a sackful to buy a loaf of bread. To facilitate commerce, the Zimbabwe central bank printed the world's first $100 trillion banknote. Within a week, that $100 trillion note was worth about 33 U.S. dollars-enough to buy six loaves of bread. Source: News reports, January 2009. Instructions: Round your responses to two decimal places. What was the price of a loaf of bread in Zimbabwe, measured in a. U.S. dollars? b. Zimbabwe dollars? A trillion

Case. The experience of Greece illustrates some of the challenges of the eurozone. As a result of the global financial crisis that began in 2007–2008, the eurozone entered its first official recession. The severity of this downturn came close to breaking up the eurozone as financially weak members such as Greece, Portugal, Cyprus, and Spain teetered on the verge of bankruptcy.In 2008, Greece was in deep recession, its economy was uncompetitive with northern eurozone members like Germany, and its debt was more than three times as large as previously estimated. With debt piling up, investors feared that Greece could not pay its international obligations. To shore up Greece’s financial position, other eurozone countries, in conjunction with the International Monetary Fund (IMF), agreed on a packagethat gave Greece 110 billion euros in loans. When this bailout was agreed to, it was feared that Greece's exit from the eurozone would cause so much panic in the markets that other vulnerable…

ON CULTURE: Not all people in your country support globalization, and some feel that globalization is an economic threat. However, to what extent could it be they may also feel that it is a threat to their culture?

Economics 2. Suppose Country X is hit by an earthquake that destroys virtually all of the infrastructure in the capital city (roads, hospitals, schools etc.). What would we expect to happen to the current account of Country X over the next 10 years?

The services sector accounts for about 70% of Canada's GDP at this time. Go to the Trading Economics website using the button below to view the GDP performance of the services sector over the past 10 years. Note the main trends and events from the graph shown and any other important information you can obtain. On the right side of the same web page select one other major industry, except public administration and utilities, and view the GDP growth over the past 10 years. Answer the following questions: Based on the GDP growth charts, what similarities and differences do you observe over the 10-year period between the two sectors?

The services sector accounts for about 70% of Canada's GDP at this time. Go to the Trading Economics website using the button below to view the GDP performance of the services sector over the past 10 years. Note the main trends and events from the graph shown and any other important information you can obtain. On the right side of the same web page select one other major industry, except public administration and utilities, and view the GDP growth over the past 10 years. Answer the following questions: What major event(s) occurred during this period in each sector?

Refer to the World View below: WORLD VIEW Zimbabwe's Trillion-Dollar Currency Imagine the price of coffee doubling every day. Or the price of a textbook soaring from $100 to $12,800 in a single week! Sounds unbelievable. But that was the day-to-day reality in Zimbabwe in 2008-2009, when the inflation rate reached an astronomical 231 million percent. The Zimbabwean currency lost so much value that people needed a sackful to buy a loaf of bread. To facilitate commerce, the Zimbabwe central bank printed the world's first $100 trillion banknote. Within a week, that $100 trillion note was worth about 33 U.S. dollars-enough to buy six loaves of bread. Source: News reports, January 2009.

The economy of a hypothetical country has been stable for two or three years with very low unemployment. Wages have been gradually increasing during this time. Now an aggressive policy of increasing tariffs on foreign goods imported into the country results retaliatory actions from the other countries against the country’s products and services. This causes great loss of business in the country and results in significant portion of workers losing their jobs. 1. What kind of economic gap will start to occur (inflationary or recessionary)? 2. What part of the Federal Reserve’s congressional mandate does this scenario trigger (price stability and maximum sustainable employment)? 3. What kind of monetary policy might be helpful to stabilize the economy (expansionary or contractionary)? 4. What specific monetary policy tools does the Federal Reserve have available to use in this scenario? 5. Explain in detail, how should the Federal Reserve use each of these tools to maximize their effect…

ESSAY:  1. How is regionalism different from and yet a part of globalization?  2. What are the conflicting ideas between religious thought and the ideology of globalism?

o İmtahan vaxtı : 00:37:13 Fann: Biznesin Əsasları Adam Smith believed that countries would prosper if businesspeople were free to start and run their own businesses. Businesspeople would make a profit providing the goods, services and ideas that others in the economy wanted, and they would hire others to help increase those profits, leading to social and economic benefits for many. This idea was called the: CAVAB əf Telman demand accelerator. division of labour. iyy spending multiplier. kinked demand theory. 03 invisible hand. Əvvəlki Növbəti Bütün suallar Qeyd olunanlar Cari Vəziyyət 82 F Sunny G 4) AZE 15:12 18.06.2021 TOSHIBA O O O D

Globalization and the Asia Pacific and South Asia (Make your own answer & make it concise) 1. How did globalization change the Asian region? 2. what were the changes in Asia brought about by globalization? 3. What caused the Asian financial crisis in the late 1990s?   Read the third wave: "Southeast Asia and middle class formation in the Making a region" by takashi shiraishi. The answer the following questions. 1. Compare and contrast the rise of middle classes in Southeast Asian countries. 2. Why did the writer consider the middle class a "third wave"? 3. How did the emergence of the middle change the Asian region?

What are the benefits of the following global economic transactions? Explain each of the following. 1. Providing a foundation for worldwide economic growth. 2. Encouraging competitiveness between countries in various markets 3. Raising productivity and efficiency across countries 4. Helping in the development of underdeveloped countries by allowing them to import capital goods (machinery and industrial raw materials) and export primary goods (natural resources and raw materials).   B. What are the underlying definitions of globalization and its effect?

Eurostat reports the following information about the Irish economy for the years 2009 - 2015.   All euro figures are in billions and have been rounded to the nearest billion.  Some entries are missing from the table.  Let's see if you can figure out one of these missing values.   2009 2010 2011 2012 2013 2014 2015 Current-euro GDP 170.1 167.7 171.1 175.2 179.9 195.3 262.5 GDP in chained 2010 euros 164.4   174.0     192.2 240.4 chained growth rate of GDP (%) - 5.0     0.2 1.3 8.8 25.1 What was Ireland's real GDP in 2010? a) 167.7b) There is not enough information to tell what real GDP was in 2010 in Ireland.c) 164.4 x (1 - 0.05)d) =(164.4 + 174)/2 = 169.2

The U.S. Economy, 2009 a) Analyze the causes of the US financial and economic crisis and possible reforms.b) Evaluate the sources of US productivity and growth.c) Evaluate the forces underlying US adaptability to changing economic forces

Explain specifically how a microeconomic concept you learned in Economy be applied to your everyday experience. (Concepts include opportunity cost, elasticity, marginal costs / benefits) What are some differences between the gift economy and the exchange economy

International collaboration and globalization Your Policy Brief needs to consider the ways that the Australian economy is part of the Asian-Pacific region and connected to the rest of the world. Your team is analysing the ways that countries interact with each other for the purpose of elevating economic prosperity and overall wellbeing. Explain what is meant by the term globalisation, and what is the link between globalisation and wellbeing? (2-3 sentences) As the world continues to recover from the COVID-19 pandemic, give some examples of the ways that international collaboration and co-operation have been important for the global recovery? In what ways has international collaboration been under threat during the pandemic, and what policy arrangements and institutional settings can help to ensure that countries continue to co-operate with each other in the future? (2-3 sentences) The Australian Trade and Investment Commission (Austrade) reports on Australia’s trade patterns with the…

The 19th Century Philippines What are the impacts of these changes (various economic, social, and political changes that occurred in the 19th century) to Rizal in the context of his times? Is there a link between Rizal (individual) and the society (Philippines)?

3.The Bretton Woods Conference envisioned the creation of all of the following institutions, except…? The International Monetary Fund (IMF). The International Trade Organization (ITO). The Bretton Woods Conference envisioned the creation of all three of these institutions The World Bank. 4.In 2007, the ________ experienced a decline in the influx of money, a drop in the interest income, and a deficit of about $400 million a year. International Monetary Fund The United Nations Development Index The World Trade Organization World Bank

Financial crises and market bubbles are inevitable in the global economy. In this module, we examined some of these financial crises, including: The European banking crisis in 2011 The oil price collapse in 2014 The emerging market turmoil in 2013 The Puerto Rican debt crisis in 2015 The crypto crash in 2018-2019 The COVID-19 pandemic financial crisis While none of these crises matched the scale of the Great Recession of 2008, they still had significant impacts on international markets. To find out about countries' financial information, you can use the resources listed in the Global Financial Information Resources document. Consider the past financial crises and market bubbles. In your discussion, address the following questions: What market indicators can help identify potential global financial crises? What do you anticipate could be the next global financial crisis? How has the global economy responded to the challenges of the COVID-19 pandemic? How do you think the COVID-19…

3. What does the term ‘globalization’ mean to you, and how does it relate to the idea of world development? From what you have heard before, do you see globalization as a good or bad issue for the United States economically? Why?

News Analysis: Exchange rates hold the key to trade between Japan and the United States (NEW) 3. Exchange rates and U.S. exports: A graphical relationship The following graph shows exports from the United States to Japan. (Note: U.S. exports are measured in yen on this graph, which will enable you to see U.S. exports on the same graph as Japanese exports in a later problem.) EXCHANGE RATE (Dollars per yen) Exports from the U.S. Exports from the U.S. ? ( · X

Consider two countries, the United States (U.S.) and Japan. In the U.S., there are two firms, Pikes Peak Steel (PPS) and General Motors (GM), both owned by U.S. citizens. In Japan, there is one firm, Toyota, owned by Japanese citizens. All of the employees of PPS and GM are U.S. citizens and all of the employees of Toyota are Japanese citizens.   In a given year, PPS produces $6000 worth of steel and pays wages of $1500. It sells $2000 worth of steel to GM and $4000 worth of steel to Toyota. GM buys $2000 worth of steel from PPS and pays wages of $4000. GM produces $8000 worth of cars during the year; it sells $5500 worth of cars to consumers in the U.S., $1500 worth of cars to the U.S. government, and $1000 worth of cars to consumers in Japan.   Toyota buys $4000 worth of steel from PPS and pays wages of $2500. Toyota produces $9500 worth of cars during the year; it sells $5000 worth of cars to consumers in the U.S., $1000 worth of cars to the Japanese government, and $3500 worth of…

How do the different sectors of the economy interact? Explain. look at picture if needed (language: filipino)

The economy of a hypothetical country has been stable for two or three years with very low unemployment. Wages have been gradually increasing during this time. Now an aggressive policy of increasing tariffs on foreign goods imported into the country results in retaliatory actions from the other countries against the hypothetical country’s products and services. This causes great loss of business in the hypothetical country, and results in significant unemployment. Include detailed answers to the following questions: 1. What kind of economic gap will start to occur (inflationary or recessionary)? 2. What kind of fiscal policy might be helpful to stabilize the economy (expansionary or contractionary)? 3. What specific fiscal policy tools does the government have available, and how should these tools be utilized to maximize their effect in stabilizing the economy?

17. Exchange rates and U.S. exports: A graphical relationship The following graph shows exports from the United States to Japan. (Note: U.S. exports are measured in yen on this graph, which will enable you to see U.S. exports on the same graph as Japanese exports in a later problem.) EXCHANGE RATE (Dollars per yen) Exports from the U.S. EXPORTS (Yen) Exports from the U.S. ? Referring to the graph, why does the line showing exports from the United States slope upward? The lower the price of the yen in term of dollars, the higher the exports from the United States to Japan. The higher the price of the yen in term of dollars, the higher the exports from Japan to the United States. The higher the price of the yen in term of dollars, the lower the exports from the United States to Japan. The lower the price of the yen in term of dollars, the lower the exports from the United States to Japan. Suppose that the exchange rate goes from $10 per 1,000 yen to $8 per 1,000 yen. On the previous…

examining some of the more specific socioeconomic challenges facing the United States today. These include (1) the decline of American manufacturing and the related problems posed by the outsourcing of jobs and the growing U. S. trade deficit; (2) business’s obsession with short-term results; and (3) changing attitudes toward work. Which of these challenges do you think is the most pressing and significant? What other challenges do you think face the United States today?

March is Women's History Month and March 8 is International Women's Day. On your own, find out about how this celebration got started. Next, use this website to learn about a woman in history whom you have not heard of before now. Without plagiarizing from the website--that is, use all your own words-- write us a short letter of about 100 words (Begin with Dear Friends in ENG 100 and Dr. Fisher:) to tell us about three facts about this woman and to describe, specifically, why you find her story remarkable and inspiring.

The local agriculture industry in Trinidad and Tobago has been declining for much of the past 30 years. Several initiatives were launched to tackle the main issues that farmers face (labour shortage, capital, thief, infrastructure, water, etc) and many have failed. Today the sector contributes about 1% to total GDP and we import over 75% of our food. However, we have a few bright spots in agriculture (primary)—poultry, egg, pineapples, water melons, paw paw and pig production—we are almost self-sufficient. 1. If you were asked to use the blue ocean strategy to tackle the issues outlined above, can you describe a new way to deal with those problems (best to choose one problem) by proposing a new start-up? How will it work differently from the current model that farmers use? (Please focus on production of commodities NOT retail or wholesale) (150 words) Make sure you are suggesting your new company can deal with one (though not all) of the issues.

The 19th Century Philippines  What are various economic, social, and political changes that occurred in the 19th century?