ECONOMICS 102: Global Macroeconomics
Draw a basic demand and supply diagram for each of the following situations, show which curve (if any) shifts and in which direction, and explain the effect of the change on equilibrium price and quantity. [The purpose of this question is to get practice with shifting and interpreting demand and supply curves.]
1.Why is the price of tomatoes higher in February than in September?
2.Why does the price of toys fall after Christmas?
3.Why is the price of computers falling over time? [Aside: Think of Moore’s law.]
4.Why is the price of gasoline higher than it was a month ago?
5.Why is the price of building supplies likely to rise in the coming months (in the US)?
6.Why does a tax on land not increase the price of land? [Difficult, but give it a try. Hint: What does the supply
curve for land look like?]
The housing market is vast and important, and troubles in this market played a major role in the recession of 2008-09.This exercise asks you to look up some basic data on housing. To make it easier, I have included some links (but feel free to use other data sources if you so wish). For 2000 and 2015, find:
a. The median sales price of new houses sold in the U.S. [Hint: Edit the graph to show annual values, and scroll
over the graph to find the amounts for 2000 and 2015.]
b. The average square footage of floor area for newly-approved one-family units.
c. Median household income.
Show your results in a clear table, and then use them to compute the following:
1. The sales price of a new house as a multiple of income. [Put another way, how many years of income would
you need in order to buy a new house. Do this for 2000 and 2015.]
2. The sales price of a new house per 1,000 square feet. [Houses have been getting bigger, so what would it cost
for a thousand square feet of housing.]
3. The sales price of a new house per 1,000 square feet (from 2.) as a multiple of income. [This measures the
number of years of income needed to buy a thousand square feet of house.]
Based on your results, has new housing become more or less affordable since 2000? Justify your conclusion. Is
there any other information you would like to have when assessing the affordability of housing? Give a few details.
How it Works?
How it Works?
Step 1:- Want to buy solution for this. Please click on submit your assignment here and then fill all details and please mentioned product code at the end of the case. Product code is extremely important to locate your assignment. You can also mail us by keeping product code as mail subject to email@example.com
Step 2:- As soon as we received your details, we will inform you with through email about quotations of the given assignment. Requesting you to please mention your budget. Also ensure our email firstname.lastname@example.org should not go into your spam folder.
Step 3:- Once you agree with our price, click on pay now and pay the agreed amount and once we received the payment assignment will be delivered before agreed deadline.
Step 4:-You can also call us in our phone no. as given in the top of the home page or chat with our customer service representatives by clicking on chat now given in the bottom right corner.
Our Features for Assignment Help Services
Plagiarism Free Solution
The first and foremost things that we promise to our customer is plagiarism free solution i.e. a complete and unique solution as per customer’s university requirements.
Excellent Customer Care Services
You can feel our responsiveness once you use our service. Our team of excellent and dedicated customer service representatives are always ready to provide best customer care service 24X7 . Just drop a mail to email@example.com and you can receive response in just no time.
Multiple Stage Quality Assurance
We design a unique multiple stage quality assurance team to ensure plagiarism free, original, relevant and as per customer’s requirements. We not only give importance to accurate solutions or writing but also we give equal importance to references style too.
Privacy and Confidentiality
We believe in maintaining complete privacy and confidentiality of all our clients. None of the information furnished to us is shared with anyone else.
We receive requests from clients all over the World. Most of our customers are from USA, UK, Australia, Canada, UAE, Muscat, Oman, Qatar, UAE, New-Zealand, France Germany etc.
- Accounting Homework Help
- Accounting Assignment Help
- Computer Science Homework Help
- Management Homework Help
- Finance Assignment Help
- Online Essay Writing Help
- Strategic management case study help
- Case Study Assignment Help
- Dissertation Writing Help
- Trade finance case study help
- Project Management Assignment Help
- Mechanical Engineering Homework Help
- Online Quiz Help
- Maths homework Help
- Online Exam Help
- Economics Assignment Help
- Economics Homework Help
- English Homework Help
- Macroeconomics Homework Help
- Microeconomics Homework Help
- Statistics Assignment Help
- Australia Taxation Homework Help
- Supply chain management homework help
- Taxation homework help
- USA taxation assignment help
- Advanced accounting homework help online
- Auditing homework writing help
- Human resource management homework help
- Nursing homework help online
- Psychology homework help online
- Sociology homework help online
- Ratio analysis homework help online
- Strategic Management Homework Help Online
- Mba operations management homework help
- Human resource management homework help
- Operations management homework help
In the early 1980s Japanese cars began to flood into the United States. The US automakers persuaded the US
government to pressure Japan into accepting a “Voluntary Export Restraint” (VER) that limited the number of cars that Japan would ship to the United States. Using separate demand and supply diagrams for
a. the market for Japanese cars in the United States, and
b. the market for US cars in the United States,
show and explain the effect of the introduction of the VER on each market. Be careful: what does the supply curve for Japanese cars look like after the VER is introduced?
4.Price Ceilings in Venezuela
a.Several years ago, Venezuela began to put price ceilings on some basic consumer goods. What likely motivated this move?
b.In October 2016, the government of Venezuela began to informally lift the price ceilings. Why?
Looking for this assignment, please submit your details here with product code mentioned above.