Economics

The economy of Brazil is in the top ten largest economies along with the United States. It is the biggest in Latin America. Actually it is the seventh largest in the world. Brazil has used its newly found economic mechanism to syndicate its outcome in South America and show more of a role in the Global Businesses. The Obama Administration’s National Security Strategy recognizes Brazil as a developing center of effect, and greets the management of the country’s joint and global issues. The United States and Brazil associations mostly have been good in the recent years. But Brazil has other strengthening relations with neighboring countries and expanding ties with nontraditional partners in the South that’s developing.

A corporate business enterprise is established under a specific legal framework where laws governing the operations and functioning of the enterprise are outlined. The activities of the enterprise are monitored and therefore such an enterprise is recognized by law. This is important due to the fact that legal suits can be filed by the enterprise within the provisions of the law.

The difference between economic profit and business profit is that in economic profit, profit or loss is calculated by subtracting opportunity cost of the inputs from the revenue of sales. Business profit is the difference between the total revenue and total costs incurred to earn that

1. Describe two examples of important things that financial planning skills can help you do, and explain why these things are important to you personally. (4-6 sentences. 2.0 points)

1. (10 pts.) Stella Ann Freeman is having a difficult time deciding whether or not to purchase a new car. How would understanding the concept of opportunity costs help her make a decision?

Asian taxes would rise to offset the lost revenue of monies from the factories that have shut down.

1. College logo t-shirts priced at $15 sell at a rate of 25 per week, but when the bookstore marks them down to $10 it finds that it can sell 50 t-shirts per week. What is the price elasticity of demand for the logo t-shirts? Is the demand elastic or inelastic?

If I chose to get a job after high school I would have more money than if I went to

1. Suppose that there are two states that do not trade: Iowa and Nebraska. Each state produces the same two goods: corn and wheat. For Iowa the opportunity cost of producing 1 bushel of wheat is 3 bushels of corn. For Nebraska the opportunity cost of producing 1 bushel of corn is 3 bushels of wheat. Present production is:

|B) |will become flatter as output increases, if there are diminishing returns to the variable input. |

Watson enjoys playing golf at the country club. An 18-hole round generally takes him out of his office for about 4 hours of relaxation and exercise. He works hard during most of the week but likes to play on Wednesday afternoon to avoid the 3 patient visits per hour (at $30 per visit) he otherwise would have received. Since he is already a member of the club, he makes only a small out-of-pocket expenditure of $10 to the club each time he plays. [NB. all parts of this question combined count the same as one of the other questions.]

Economic profit is the result of subtracting all of your economic costs from revenue. By subtracting all of your economic costs for your revenue, you determine how your current business venture compares with your best alternative business venture.

Many people and families struggles to make ends meet, while government after government and the greed and arrogance of company bosses who gives themselves massive pay increases. We all want to change things around so that everyone and all of us can decide for ourselves how we want to run our lives. Share what we have and resources of our community so that we can benefit from it. “Faced with the current catastrophe and the disaster to come, Lazzarato contends, we must overcome capitalism valorization and reappropriate our existence, knowledge, and technology”. Lazzarato confronts a wide range of thinkers from Felix Guattari and Michel Foucault to David Graeber and Carl Schmitt, and draws on examples from the United States and Europe to argue

This assignment has a maximum total of 100 marks and is worth 10% of your total grade for this course. You should complete it after completing your course work for Units 1 through 5. Answer each question clearly and concisely.

. Through the process of reading, I learned many things about the economy. First of all, I learned that it is a much more difficult decision to come to in regards of how much government involvement in the nation’s economy is enough, how much is too little, and how much is not enough. I also learned that trying to keep the economy stable and productive is a constant and difficult struggle, and that it is often difficult to even know what needs to or can be done in order to stabilize it. While I find economics to be somewhat boring (I am a music major and largely emotionally driven, which means that my entertainment is usually emotionally involving somehow), I actually enjoyed how Wheelan explained economics in this book. While I would not read it for fun, reading this book as an assignment was not painful.