Categories
Economics

you must answer the question. Hi Rasha, I think you are right to say that there

you must answer the question.
Hi Rasha, I think you are right to say that there are both benefits and disadvantages that can be derived from the UMSCA. However, I am of the opinion that the disadvantages slightly outweigh the benefits of this FTA. There are a few factors that stand out to me namely the protection of IP and labour rights. On the point of IP protection, the UMSCA was initially lauded for including the provisions of protecting the market exclusivity of biologic drugs of pharmaceutical companies for 10 years but unfortunately that provision was subsequently deleted and protection was only extended for 5 years across the three countries. This is not necessarily a bad thing on the face of it because the USA is especially notorious by pricing out medicine and healthcare for a substantial part of its population so the limited protection means cheaper access to generic drugs that could be potentially be life-saving. The slight concern here is how this will impact the investment of R&D initiatives of pharmaceutical companies moving forward since arguably they are now dis-incentivised due to limited IP protection by UMSCA.
Another worrisome issue that I see is the provisions in the UMSCA that arguably “protect” labour rights at the expense of businesses. I say this because the new labour protection provisions in UMSCA have now shifted the burden of proof to the employer (business) to defend itself against any alleged violation or infringement of labour rights which will affect the trade between the three nations. It can be argued that such labour protection mechanisms are long overdue, especially in places like Mexico but this mechanism that places the burden of proof on the employer is also very open to abuse and may discourage business activity which in turn slows down job creations.
In a nutshell, it does seem to be the case of carefully balancing the scales. In your opinion, do you think these provisions are too heavy-handed in protecting workers right and access to generic drugs or given that the market is so huge in North America, this is not exactly the biggest deterrent to businesses operating in these three countries?
Manak, I. & Lester, S. (2019) Evaluating the New USMCA. Cato Institute 11th December 2019 Available at https://www.cato.org/blog/evaluating-new-usmca-0
(Accessed on 5/2/23)
Long, H. (2019) Winners and losers in the final USMCA deal. The Washington Post. 10th December 2019 Available at https://www.washingtonpost.com/business/2019/12/10/winners-losers-final-usmca-deal/ (Accessed on 6/2/23)

Categories
Economics

Some of the hottest weather on record caused prices of natural gas to soar in Ju

Some of the hottest weather on record caused prices of natural gas to soar in July after falling in June. Futures prices for natural gas increased by 48 percent in July and the price of natural gas is more than twice as high as it was a year ago. The heat wave also threatens to drive the cost of other commodities upward. After reading the article, post your responses to all the questions.
1. Draw and label a graph that depicts a downward-sloping demand curve and an upward-sloping supply curve in the market for natural gas. In your chart identify the equilibrium price and quantity of natural gas.
2. From the article: “Natural-gas prices surged this year as demand from utilities, manufacturers and overseas buyers… outpaced supply growth…” Use the graph you drew in question one to show the impact of an increase in demand and an increase in supply that is less than the increase in demand (Supply shift < Demand shift). State whether the net impact of these changes results in (a) an increase or a decrease in the equilibrium price of natural gas; (b) an increase or a decrease in the equilibrium quantity of natural gas. No graph, no points.
3. You are a prominent member of the supply and demand society. You have a grandmaster belt in supply and demand. It's a one-of-a-kind belt and you are the only one in the world that has it. As a result, the energy industry has asked you to discuss how you would use supply and demand to bring energy prices down. Naturally, you oblige

Categories
Economics

Have attached the paper information. No sources, headers or footers are required

Have attached the paper information. No sources, headers or footers are required. Paper is based on the writers expediences. If you can access blackboard I can provide log in information to access book.

Categories
Economics

Some of the hottest weather on record caused prices of natural gas to soar in Ju

Some of the hottest weather on record caused prices of natural gas to soar in July after falling in June. Futures prices for natural gas increased by 48 percent in July and the price of natural gas is more than twice as high as it was a year ago. The heat wave also threatens to drive the cost of other commodities upward. After reading the article, post your responses to all the questions.
1. Draw and label a graph that depicts a downward-sloping demand curve and an upward-sloping supply curve in the market for natural gas. In your chart identify the equilibrium price and quantity of natural gas.
2. From the article: “Natural-gas prices surged this year as demand from utilities, manufacturers and overseas buyers… outpaced supply growth…” Use the graph you drew in question one to show the impact of an increase in demand and an increase in supply that is less than the increase in demand (Supply shift < Demand shift). State whether the net impact of these changes results in (a) an increase or a decrease in the equilibrium price of natural gas; (b) an increase or a decrease in the equilibrium quantity of natural gas. No graph, no points.
3. You are a prominent member of the supply and demand society. You have a grandmaster belt in supply and demand. It's a one-of-a-kind belt and you are the only one in the world that has it. As a result, the energy industry has asked you to discuss how you would use supply and demand to bring energy prices down. Naturally, you oblige

Categories
Economics

Have you ever worked for the minimum wage? If so, for how long? Would you favor

Have you ever worked for the minimum wage? If so, for how long?
Would you favor increasing the minimum wage by a dollar? By two dollars? By five dollars?
Explain your reasoning discuss in detail.
Pros and Cons of minimum wage

Categories
Economics

Have you ever worked for the minimum wage? If so, for how long? Would you favor

Have you ever worked for the minimum wage? If so, for how long?
Would you favor increasing the minimum wage by a dollar? By two dollars? By five dollars?
Explain your reasoning discuss in detail.
Pros and Cons of minimum wage

Categories
Economics

This is a discussion assignment. Please keep it to about 125 words. This week yo

This is a discussion assignment. Please keep it to about 125 words.
This week you will go back to the FRED database to consider the money multiplier. You will also be using EXCEL to do some quick calculations based on the FRED data. The last attached file has instructions for you to follow.

Categories
Economics

This is a discussion assignment. Please keep it to about 125 words. This week yo

This is a discussion assignment. Please keep it to about 125 words.
This week you will go back to the FRED database to consider the money multiplier. You will also be using EXCEL to do some quick calculations based on the FRED data. The last attached file has instructions for you to follow.

Categories
Economics

QUESTION 1 1. Let’s assume that before international trade opens up, Russia is a

QUESTION 1
1. Let’s assume that before international trade opens up, Russia is at a point on its production possibility curve (PPC) where it produces 40 apples and 40 computers. Once trade opens up, the price of a computer becomes two apples. In response, Russia moves along its PPC to a new point where it is producing 50 computers and 20 apples. Is Russia now better off? Explain by providing numerical justification.
Show all your calculations step by step on how to reach your solutions; a single numeric answer will not be given any credit.
Your response must be at least 200 words in length
QUESTION 2
1. Let’s assume that France receives an inflow of foreign direct investment (FDI). Additionally, suppose that labor and capital are used in the production of wheat and computers. Suppose that computers are capital intensive as compared with wheat. Using the long-run specific-factors model, explain what happens to the output of each good by providing the numerical justification.
Your response must be at least 200 words in length.
QUESTION 3
1. Let’s assume that there are two countries (United Kingdom and France), two goods (machines and food), and two factors of production (skilled labor and unskilled labor). Also, suppose that the United Kingdom is skilled-labor abundant while France is unskilled-labor abundant. Assume further that machines are skilled-labor intensive and food is unskilled-labor intensive. What will happen to the wage of skilled labor relative to the wage of unskilled labor in each country by using the the short-run specific-factors model? Explain.
Your response must be at least 200 words in length.
QUESTION 4
Suppose that the United Kingdom and the United States have the factor endowments given in the table below:
UK USA
Capital 60 computers 10 computers
Labor 300 workers 100 workers
Suppose further that the production requirements for a unit of manufacturing goods is two machines and eight workers, and the requirement for a unit of agricultural goods is one machine and eight workers.
Which good, manufacturing or agricultural, is relatively intensive in the use of capital? In labor? Show how you know; numerical justification is required. Which country would export agricultural goods? Why?
Show all your calculations step by step on how to reach your solutions; a single numeric answer will not be given any credit.
Your response must be at least 200 words in length.
See attachment

Categories
Economics

Discussion: You must support your opinion with logical argumentation. 1. How doe

Discussion: You must support your opinion with logical argumentation.
1. How does the use of addictive drugs destroy our
youth and productivity in the workplace?
2. Is there always a sign that someone is an illegal drug user?
For each of these, provide some examples that you have witnessed or heard about and suggest remedies that you believe could resolve the problems and what remedies were brought to bear on the problem that you witnessed or heard about.
Why do you believe your remedies will work and do you believe that remedies applied by others and or by the community are appropriate?