Draw a supply and demand diagram

September 17, 2019/in Questions Uploads /by Hannah Wangui

Question

Draw a supply and demand diagram like we did numerous times in the lectures labeling the vertical axis as

euro per $, the horizontal axis with Quantity of dollars, the initial supply and demand curves labeled with 12/07, Label this initial intersection point as point A. Now explain what happened to each curve and WHY between 12/07 and 11/08. Label as point B with your supply and demand curves labeled accordingly (Hint: the two obvious facts during this period is that the 1) US was in a deep recession and 2) we were at the height of the (global) financial crisis (in 11/08). Assume all else is constant. Data: 12/1/2007 the dollar per euro exchange rate is $1.45, so the euro per dollar exchange rate is 1/1.45 = .69 euros per dollar. 11/1/2008 the dollar per euro exchange rate is $1.27, so the euro per dollar exchange rate is 1/1.27=.79 euros per dollar

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International Trade

September 17, 2019/in Questions Uploads /by Hannah Wangui

Question

Can someone please assist me with this discussion board? I can pay $25.00 additional for help. />Topic: International Trade
Question/Prompt: “In 2014, “the United States exported $2.34 trillion worth of goods and services—an all-time record. Exports from the United States in 2014 equaled the entire gross domestic product of Brazil and exceeded all commercial output in India, Italy, or Mexico. What is more, exports are an increasingly important aspect of the U.S. economy.” (New top markets series provides data, 2015)
In your thread, complete the following:Discuss economic theory related to the quote above. Be sure to include a definition of exports and the way in which exports are counted in the measurement of Gross Domestic Product (GDP) within your discussion.Locate and incorporate outside research that gives evidence and explanation as to the possible causes of this growth in exports. Provide an example of 1 particular industry or country with which export quantity has increased.Integrate biblical insights into your thread. In what way does Scripture influence our attitudes and actions in international trade?http://www.commerce.gov/news/blog/2015/07/new-top-markets-series-provides-data-and-analysis-help-us-exporters-compare

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savings

September 17, 2019/in Questions Uploads /by Hannah Wangui

Question

Can someone please help me with some problem sets The Rule of 70 applies in any growth rate

application. Let’s say you have $1000 in savings and you have three alternatives for investing these funds. How long would it take to double your savings in each of these 3 accounts?

A savings account earning 2% interest per year.
A U.S. Treasury bond mutual fund earning 5% interest per year.
A stock market mutual fund earning 7% interest per year.

Modern economic theory points to three sources of economic growth. What are these three sources? Give an example of each.

Explain why a nation cannot continue to grow forever just by adding capital.
The Solow model focus on how resources affect output. In this chapter, we focused on capital.
Name the other two major categories of resources.
Draw an aggregate production function with a typical shape; label this function F. (label all curves and axis).
Draw a second production function that indicates a technological advancement; label this new function F1. (label all curves and axis).

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Export

September 17, 2019/in Questions Uploads /by Hannah Wangui

Question

Can someone help me address this discussion board reply? I need one hundred wordsand 1 source Export is to

send or ship goods, services, or commodities produced in one country and sell them or trade them in a different country. The United States is a major producer in international trade, but it is currently struggling to compete in this new global economy. In 2012 The U.S. was ranked first in GDP purchasing power parity and outperformed Canada, Mexico, China, Japan, and the United Kingdom in exports. In comparison, the U.S. exported $1 trillion more in products than the entire European Union (Satterlee, 2014). These numbers were great in 2012 but in the last five years the United States has dropped to third in exports behind China and the European Union. That was $2.3 trillion in exports and $2.9 trillion in imports of both goods and services (Amadeo, 2018). These Exports are vital for maintain U.S. Jobs and extremely important to the Economy. GDP is the total market value of all goods and services produced within the borders of a nation during a specified time period (Satterlee, 2014).

The main cause for increased exports is globalization. This phenomenon has led nations to be dependent on global trade and a global economy. It has also allowed small businesses to move from Main St. to an international market place that has no boundaries. With the high demand of online shopping, someone in Australia is purchasing a product in Ohio without leaving their desk. Just like this there are millions of transactions performed every day, creating new business, more jobs, and increasing exports, hence increasing the GDP. The technology industry has allowed online shopping to a great degree of success, making it easier to shop with a mobile device. “Google rolled out on April 21st last year a “Mobile-friendly” update forcing website owners worldwide to make their sites work better on mobile devices, making a point to businesses on the growing importance of mobile for today’s consumers” (Sosa, 2017). The technology industry has revolutionized the shopping business which leads to the increase in U.S. exports.

Wayne Grudem wrote “Therefore if we are ever going to see long term solutions to world poverty, I believe it will come through starting and maintaining productive, profitable businesses” (Grudem, 2003) A goal of a productive business should be to take business to new countries, by doing this we help those countries produce new jobs and new skills. Business should glorify God by taking care of the poor, feeding the hungry, and caring for the sick. Jesus reminded us to do help the needy, the poor and the sick. By doing this it was as if we were helping him. Mathew 25: 35-36 “For I was hungry and you gave me something to eat, I was thirsty and you gave me something to drink, I was a stranger and you invited me in, I needed clothes and you clothed me, I was sick and you looked after me, I was in prison and you came to visit me”( Holy Bible NIV).