Your assignment is to write a book report, based on the above Economic Report of

by | Nov 25, 2022 | Economics homework help

Your assignment is to write a book report, based on the above Economic Report of the President (that was presented to US President in April 2022).
Your task is to read the report and write a book report, based on your understanding of various challenges to modern supply chains.
Your report must specify 10 specific steps that can be taken in order to build resiliency to modern supply chains.
Your report must be at least 100 words and it will be evaluated based on your own interpretation of the recommendations provided by the Economic Report of the President.

Instructions This assignment focuses on demand, supply, and equilibrium. Let’s s

by | Nov 24, 2022 | Economics homework help

Instructions
This assignment focuses on demand, supply, and equilibrium. Let’s start with the basics. Begin your assignment by providing the following information.
Explain the difference between a movement along demand and supply curves and a shift of demand and supply curves.
What can cause the above situations? Provide an example for each.
Describe how equilibrium is found.
Describe how a shift of the demand or supply curve can affect equilibrium.
Now, select an industry with which you are familiar or one you would like to study. This industry will also be used in future assignments for this course. After selecting your industry, identify a product or service that your chosen industry produces. Add the following information.
Define the current status of supply and demand for the product or service you identified.
Identify at least one factor that has caused the supply curve to shift for that product or service. 
Identify at least one factor that has caused the demand curve to shift for that product or service.
Your assignment must be a minimum of two pages, not counting the reference page. Be sure to include an introduction. Use a minimum of three peer-reviewed scholarly sources; at least one of these must come from the CSU Online Library. Information regarding peer-reviewed articles can be found in the  tutorial Peer-Reviewed Articles.All sources used, including the textbook, must be referenced. Adhere to APA Style when creating citations and references for this assignment. APA formatting, however, is not necessary. 

 QUESTION 1 Imagine that you just paid $50 for a new pair of jeans. According

by | Nov 24, 2022 | Economics homework help

 QUESTION 1
Imagine that you just paid $50 for a new pair of jeans. According to the circular flow diagram, what decisions were made concerning the jeans you purchased, and who made decisions about the jeans you bought?
Your response must be at least 75 words in length.
 
QUESTION 2
Background information: A worker in the United States and a worker in China can each produce 1,000 pairs of jeans per week. A worker in the United States can produce 50 cell phones in a week, and a worker in China can produce 100 cell phones in a week. Answer the following questions based on this information.
Part A: If each country attempted to produce both jeans and cell phones, how many jeans and cell phones could each country produce? What would be the total number of jeans and cell phones produced by the two countries combined? (Show your work.)
Part B: Calculate the opportunity cost of producing jeans for each country. (Show your work.)
Part C: Calculate the opportunity cost of producing cell phones for each country. (Show your work.)
Part D: Determine how many jeans should be produced by each nation. (Show your work).
Part E: If each nation should specialize in producing jeans and cell phones, explain why; use economic terminology you have learned in this unit in your explanation.
Part F: Finally, how many total jeans and cell phones will be produced by the two nations combined after specialization?

Instructions Think about a decision you have to make concerning whether to text

by | Nov 24, 2022 | Economics homework help

Instructions
Think about a decision you have to make concerning whether to text and drive. Using economics, explain the factors that have caused your demand curve to text and drive to shift over the past 5 years, and indicate in which direction your demand curve has shifted. Your journal entry must be at least 200 words in length. No references or citations are necessary.