A Diverse Real Estate Market

A Diverse Real Estate Market

The continuous technological innovations have upgraded the status of the real estate market and thus enacting contradictory forces on an industry- one that pressures towards diversification and the other one that insists on consolidation (Baczkowski, 2018). Therefore, the article offers crucial guidelines that can influence the focus on real estate. The real estate industry has evolved over the past few decades mainly due to technological changes and continued global growth.

Baczkowski (2018) argues that the real estate market is continually changing and thus necessitates changes in the approaches to expanding it. The author argues that consolidation can be one concept to incorporate into every business facet. However, over-consolidation limits the efficiency of the market as it leads to unbalanced incentive structures and lack of choice. Therefore, it is imperative to enact an approach that is beneficial both in the short term and the long term. Baczkowski (2018) therefore insists that it is imperative to work to maintain an environ that advocates for numerous businesses both in specialization and size. Therefore, the author insists on incorporating diversity in the real estate market and thus offering diverse businesses a chance to grow while in turn improving the real estate market.

The article outlines how the technological world has altered the way of life. The aspect of globalization means that people can conduct businesses irrespective of their localities while numerous nations constitute of a diverse population. Baczkowski (2018) insists that incorporating a diversified approach in the real estate market will create a vibrant market. The article looks at how incorporating a buyer’s graph can assist in increasing the market demand analytics and promoting communication between selling and listing agents.

Baczkowski (2018) insists that it is essential to use cooperative and long-term thinking to offer the appropriate solutions to tech-driven challenges that the current industry encounter. Consequently, diversification can help ensure a vibrant future in the real estate market. The article outlines the need to compromise and thus incorporating a diversification approach in the real estate market. The approach simply implies being varied and thus willing to welcome the continuous changes in the contemporary world. Conversely, consolidation can be effective in the real estate market, but it can entail several shortcomings. Diversification in the real estate market helps both the small and the large players. This approach can entail cooperating throughout the market and thus helping even the little players benefit from the data-centric technology. Therefore, the initiatives continually help the development of a more diverse marketplace.

The parties discussed in the article include small and large businesses, brokerage firms, real estate personnel, and diversified people. The article simply talks about real estate and the essence of enacting diversification in the market to make it vibrant and more successful. The issues outlined in the article are relevant in a continuously growing world, and thus the advice to enact diversification in real estate can offer extensive results both in the short term and long term. Ultimately, the real estate market will continue growing, and thus it is imperative to come up with key incentives to match up to the continuous changes. Baczkowski (2018) argues that people are living in a technologically growing world and thus it is critical to keep up with the advancements and enact strategies that improve efficiency.


Baczkowski, W. (2018, December 5). A Diverse Market is a Vibrant Market: Examining the SF Buyer Graph. Retrieved from Realty Times: https://realtytimes.com/real-industry-news-articles/item/1022536-a-diverse-market-is-a-vibrant-market-examining-the-sf-buyer-graph?rtmpage=

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Explaining economic principles and their applications in the real world.

a. Define core economic concepts related to macroeconomics and microeconomics

b. Describe the role of goods and services in the economy

c. Discuss any economic growth factors that impact a specific industry

d. Use a diagram or graph to illustrate an economic trend In the workplace, we are often asked to create “briefs.”

A brief provides a snapshot, or short, written summary, of a situation or event that has occurred. It is generally just a few pages long and may include additional visuals like a graph, chart, or table. In this assignment, write a brief about economic concepts in the industry you selected. Instructions With your selected industry in mind, develop a 2-page economic brief in which you address the following items:

1. What goods and/or services does this industry provide?

2. What economic principles covered in Weeks 1–3 (e.g., scarcity, inflation, unemployment, demand and supply, and production) would impact this industry? (Review the weekly outline in your course guide for all principles covered in Weeks 1–3.)

3. Include an existing graph, chart, or table that relates to your summary. (optional for Brief 1)

4. Describe any notable trends that you would highlight about this industry.

5. Follow Strayer Writing Standards. Note: You’ll be prompted to enter your Blackboard login to view. Your brief should be at least 2-pages in length double-spaced


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Real equality between men and women in society

In 1848, slavery was legal in much of the United States and the social standing of all women, regardless of color, was far below that of men. Back then, in much of the country, women could not own property, keep their wages if they were married, file lawsuits in a court (including lawsuits seeking custody of their children), or attend college, and husbands were widely viewed as having unquestioned authority over their wives and children. Some 300 women gathered at Wesleyan Chapel in Seneca Falls to challenge this second-class citizenship, call for expanding women’s right and opportunities, including the right to vote.

At that time, most people considered such a proposal absurd and outrageous. Even many attending the conference were shocked by the idea (Gurnett, 1998, as cited in Macionis, 2010). Much has changed since the Seneca Falls convention, and many proposals are now widely accepted as matters of basic justice. However, despite declarations of equality, women and men still lead different lives, either in the United States or elsewhere in the world; in most respects, men are still in charge. Half the world’s population still suffers discrimination.

Many cultures favor sons, reinforcing a mind-set that women are less than equal. Therefore, in this paper we will examine the economic, political, social, and cultural devaluation of women. Why does gender inequality appear? Is gender discrimination inevitable? What are the barriers to gender equality and how can we achieve it? After a long history of fighting for women’s right, the question remains as to what extent are men and women able to achieve real equality in our society. Sex and Gender

Before we proceed, it is better to make clear of the terms sex and gender, because people generally mix them up. Sex refers to the biological distinction between females and males. It is the way the human species reproduces. A child’s sex in this manner is determined biologically at the moment of conception. The sex of an embryo guides its development. If the embryo is male, the growth of testicular tissue starts to produce large amounts of testosterone, a hormone that triggers the development of male genitals (sex organs).

If little testosterone is present, the embryo develops female genitals. Some differences in the body set males and females apart. Right from birth, the two sexes have different primary sex characteristics—the genitals (organs used for reproduction). Later they develop secondary sex characteristics—bodily development. Mature females have wider hips for giving birth, milk-producing breasts for nurturing infants, and deposits of soft, fatty tissue that provide a reserve supply of nutrition during pregnancy and breast feeding. Mature males typically develop more muscle in the upper body.

Gender is an element of culture and refers to the personal traits, patterns of behavior (including responsibilities, opportunities, and privileges), and social positions that members of a society assign to being female or male. It is a dimension of social organization, shaping how we interact with others and how we think about ourselves. More importantly, gender involves hierarchy, ranking men and women differently in terms of power, wealth, and other resources. This is why gender stratification occurs, the unequal distribution of wealth, power, and privilege between men and women.

In short, gender affects the opportunities and challenges we face throughout our lives. Differences between Male and Female Many people think there is something “natural” about gender distinctions because biology does make one sex different from the other. But we must be careful not to think of social differences in biological terms. Some differences in physical ability between the sexes, on average, males are 10 percent taller, 20 percent heavier, and 30 percent stronger, especially in the upper body. On the other hand, women have a higher life expectancy than men in the United States, 80. to 75. 4 years (Ehrenreich, 1999, as cited in Macionis, 2010). However, there is no clear cut in differences between male and female. Biology does not guarantee that any born male would be stronger than female. Some females do outperform males in terms of strength. An example would be a decreasing performance gap between males and females in marathon competition. Biologically, then, men and women differ in limited ways; neither one is naturally superior. But culture can define the two sexes very differently, as the study of division of labor described in the next section shows.

Division of Labor by Gender in Pre-Industrial Societies According to the cross-cultural study by Murdock and Provost (1973, as cited in Kottak, 2011), data from 185 selected societies on the division of labor by gender illustrates generalities rather than universals. Swing activities are assigned to either or both women and men. Among the tasks almost always assigned to men, some (e. g. , hunting large animals, plowing) seem clearly related to the greater average size and strength of men while women generally do domestic activities such as child care and cooking. Women tend to be the main caregivers in most societies.

Given the critical role of breast-feeding in ensuring infant survival, it makes sense, for infants especially, for the mother to be the primary caregivers. This strong differentiation between the home and the outside world—called the domestic public dichotomy or the private-public contrast—promote gender stratification, that is, unequal distribution of rewards (socially valued resources, power, prestige, human rights, and personal freedom) between men and women, reflecting their different positions in a social hierarchy. The outside world can include politics, trade, warfare, or work.

Often when domestic and public spheres are clearly separated, public activities has greater prestige than domestic ones do. Certain gender roles are more sex-linked than others. Men are the usual hunters and warriors because they are bigger and stronger on the average than are women in the same population. This reflects a tendency toward greater male mobility, while women are either pregnant or lactating during most of their childbearing period. Late in pregnancy and after childbirth, carrying a baby limits a woman’s movements. Thus they were cut off from production, and belief systems started view them as inferior.

Gender stratification increases when men contribute much more to the diet than women do. Although a gendered division of labor existed, there was much variation and flexibility. In some places women were very active in trade and shopkeeping, which could give them independence and lead to their playing important public roles. The gendering of the pre-industrial division of labor was quite flexible. The greater uncertainties of life in pre-industrial societies made it necessary for the various members of a household to cooperate in a flexible way. Industrial Societies

After a long history from foraging, horticulturalists, and agriculturalists societies, now moving on to industrial societies, the household became increasingly separated from production, and the nuclear family with one breadwinner became the dominant form. This development of the nuclear family—generally patriarchal—involved changes in power relationships. The domestic division of labor was central to the patriarchal nuclear family of the nineteenth century. Men went out to work and controlled the family income while women were confined within the home doing the housework and bringing up children.

This, according to Marxist, was industrial capitalism that brought about domestic division of labor. With industrialization there was a much sharper separation of paid work from the household. This resulted in a more systematic separation of male and female spheres. In the middle class there was a clear separation of the male sphere of work and, more generally, public life from the female domestic sphere. Women were excluded from public activities and more than ever confined within the home. Industrialism and Contemporary Women’s Movement Under industrialism, attitudes about gendered work came to vary with class and region.

After abolition, southern African American women continued working as field hands and domestics. Poor white women labored in the South’s early cotton mills. In the 1890s, more than one million American women held menial, repetitious, and unskilled factory positions (Margolis, 1984, as cited in Kottak, 2011). Poor, immigrant, and African American women continued to work throughout the 20th century. After 1900, European immigration produced a male labor force willing to work for wages lower than those of American-born men. Those immigrant men moved into factory jobs that previously had gone to women.

As machine tools and mass production further reduced the need for female labor, the notion that women were biologically unfit for factory work began to gain ground. All these show how gendered work, attitudes, and beliefs have varied in response to culture or environment. For example, wartime shortages of men have promoted the idea that work outside the home is women’s patriotic duty. During the world wars, the notion that women are biologically unfit for hard physical labor faded. Inflation and the culture of consumption have also spurred female employment.

When prices and demand rises, multiple paychecks help maintain family living standards. The steady increase in female paid employment since World War II also reflects the industrial expansion. American culture has traditionally defined clerical work, teaching, and nursing as female occupations. With rapid population growth and business expansion after World War II, the demand for women to fill such jobs grew steadily. Employers also found that they could increase their profit by paying women lower wages than they would have to pay returning male war veterans.

These changes in the economy lead to changes in attitudes toward and about women. Economic changes paved the way for the contemporary women’s movement, which also was spurred by the founding of NOW, the National Organization for Women, in 1966. The movement in turn promoted expanded work opportunities for women, including the goal of equal pay for equal work. Back in 1900, just 20 percent of U. S. women were in the labor force. Today, the figure has tripled to 60 percent, and 72 percent of these working women work full time (U. S. Department of Labor, 2008, as cited in Macionis, 2010).

Women now also fill more than half (57 percent) of all professional jobs (Statistical Abstract of the U. S. 2009, as cited in Kottak, 2011). The once common view that earning income is man’s role no longer holds true. Inequality in Workplace Nowadays, jobs aren’t especially demanding in terms of physical labor. With machines to do the heavy work, the smaller average body size and lesser average strength of women are no longer impediments to blue-collar employment. Yet, although women are closing the gap with men as far as working for income is concerned, the work done by the two sexes remains very different.

The U. S. Department of Labor (2008, as cited in Macionis, 2010) reports a high concentration of women in two job types, namely administrative support and service work. The reports showed ten occupations with the highest concentrations of women tend to be at the low end of the pay scale, with limited opportunities for advancement and with men as supervisors. Men on the other hand dominate most other job categories, including the building trades, police officers, engineers, physicians and surgeons, lawyers, and corporate managers.

A recent survey shows that only twelve of the Fortune 400 companies in the Unites States have a woman chief executive officer, and only 15 percent of the seats of corporate boards of directors are held by women. The 25 highest-paid executives in the United States do not include any women at all. How are women kept out of certain jobs? By defining some kinds of work as “men’s work”, companies define women as less competent than men. Most men considered it “unnatural” for women to work in the mines. Women who did so were defined as deviant and subject to labeling as “sexually loose” or as lesbians.

Such labeling made these women outcasts, presented a challenge to their holding the job, and made advancement all but impossible. This barrier, described as a glass ceiling, although is not easy to see, but blocks women’s careers all the same. The two main reasons women earn less are the type of work they do and family responsibility. People still perceive jobs with less clout as “women’s work”, just as people devalue certain work simply because it is performed by women. And although both men and women have children, our culture gives more responsibility for parenting to women.

Pregnancy and raising small children keep many young women out of the labor force at a time when their male peers are making significant career advancement. A third factor—discrimination against women—accounts for most of the remainder. It is practiced in subtle ways and effectively prevents many women who on their way up the corporate ladder from rising above middle management. Barriers to Gender Equality Despite all the attempts done by women, still, the movement to gender equality seems to be an unattainable idea.

First, the root for this stem from the process called enculturation (or termed by sociologists as socialization), in which the human self and social identity develop. Because culture is learned, all societies must somehow ensure that the transmission of culture from one generation to the next is adequate. As soon as a child is born, it is brought up differently according to its sex. Different futures were imagined and projected on to the child. It is through such processes that boys and girls learn that they are different and acquire gendered identities.

By the age of three, they see these differences as biological and permanent. They then begin to inhabit different worlds and thereby reinforcing gender divergence. Behaviorist approaches add to it as occurs through reward and punishment. These gender-roles are learned beginning in the family and continues through education and indeed throughout life. The agents for this enculturation which includes family, peer group, school, workplace and mass media continue to shape people’s behavior long after they have become adults.

Because society is too powerful whereas human is powerless, they are bound to fit in the society through this process of enculturation. Two ways in doing it are through conforming to social rules and internalizing the value or behavior. Thus boys are encouraged to achieve their distinct ‘masculinity’ while girls are to retain a strong identification with their mothers and copy their behavior. Secondly, although not universal, patriarchy served as an important feature in today’s society. It is a social structure headed or dominated by males.

This is interconnected with capitalism, which gives rise to power differences. Through domestic division of labor within the family, women are subordinated and became unpaid workers. Within this household, which referred to as ‘the domestic mode of production’, men held a superior position and controlled the distribution of money and goods within the family. By this, men gain their power and thus exploit women. This form of exploiting women’s labor in the household is called the private patriarchy.

Although women were no longer excluded from work in this 20th century, still they were segregated by public form of patriarchy in lower-grade and lower-paid work. Equality After looking at the barriers to gender equality, the question remains as to what extent can men and women achieve real equality in this society. Before that, the definition of real equality is to be clarified. Real equality simply means that there is no different treatment between men and women. Everything should be completely equal and there should never be any distinction or dissimilarity.

However, this so called real equality is utterly impossible, because men and women are different in some ways anyhow. To talk about equality between men and women, we should look at it in terms of equal human right. This simply means that they must be equally given their basic right, such as equal right to vote, equal economic opportunities, equal chances for education, equal division of labor, etc. All these are essential for gender equality; however, there has always been a lot of obstacle throughout the process of eliminating gender stratification.

In recent decades, supporters of gender equality in working environment have proposed a policy of “comparable worth,” paying people not according to the historical double standard but according to the level of skill and responsibility involved in the work. Several nations, including Great Britain and Australia, have adopted comparable worth policies, but such policies have found limited acceptance in the United States. As a result, women in this country lose as much as $1 billion in income annually. Secondly, college doors have opened wider to women in recent decades, and the differences in men’s and women’s majors are becoming smaller.

Nevertheless, when men and women apply for scholarship, though both have same grades and qualification, yet men still have higher chance for getting the scholarship. This has actually violated women’s right. Thirdly, there should be an equal division of labor. The housework has always been considered “women’s work”. Although women do more housework than men, yet they get little reward for doing it. Men do support the idea of women entering the paid labor force, and most husbands count on the money their wives earn. But many men resist taking on a more equal share of household duties.

Generally, people always look at works in term of gender. They assume some works such as cleaning house, taking care of children, cooking, doing laundry as ‘women’s work’. Actually, works in itself is neutral. It is the society that assigned ‘gender’ to each kind of these works. It is the culture that shapes individual into doing some particular things and not other things. As stated throughout this paper, because of some biological differences between men and women, society began to disperse them into activities that are suitable for them.

This promotes division of labor, and all members of the society are required to play their roles, which then become patterned practice and institutionalized. These distinctive roles and responsibilities are important in helping society to operate smoothly. Because sex differences are inevitable, there could never be complete gender equality as long as we are bound to this body. The best way to equality is when we view men and women as cooperative partners who work together for the common good rather than competitors ruled by self-interest.

Women give birth and breast-feed, thus it makes sense for women to be the primary caregiver in ensuring infant survival. Men, who are usually stronger physically than women, are more suitable for heavy tasks. Each sex responsible for carrying out important task and establish a complementary set of roles. Besides, all decision making should be by consensus. So when both sexes create a communal relationship or complementary patterns of behavior, and see no one as inferior to the other, gender stratification is reduced and inequality is no longer a problem.

Overall, the phrase “separate but equal” accurately describes relations between the sexes with member of neither sex being dominant nor submissive to the other. Again, these differences should not be taken as universal. To say that differing gender roles are compatible with the biological differences between men and women is not to say that they are biologically determined. Exception is always there as some women might be stronger than men while some men might be better in doing housework than women. When this happened, a flexible division of labor is required.

Just as the Ju/’hoansi (Haviland, Prins, Walrath, & McBride, 2010) saw nothing wrong in doing the ‘assumed’ work of the other gender, thus when a man is good in cooking, he can cook despite of any gender bias. The same thing must go for women. When a woman is competent in working outside, she should not be forbidden from pursuing her own career. This exchangeability and interdependence of roles are adaptive. Equality in this case is the opportunity to advance individually, based on one’s ability or performance. To another extreme of achieving gender equality, radical feminism proposed to eliminate gender itself.

By this, real equality will definitely be achieved. Yet, the question remains as to how much we are willing to sacrifice. Because real equality can only be obtained when there are no differences between women and men, and that means women have to separate their bodies from the process of childbearing using new reproductive technology. With an end to motherhood, radical feminists reason, society could leave behind the entire family system, liberating women, men, and children from the oppression of family, gender, and sex itself.

They considered women to be different from men and superior from men, and that, to an extreme will only overturn the domination by men to women. Gender inequality will still arise and the battle will go on so long as no one is willing to value each other crucial and unique contribution. Lastly, no one is perfect; no one can live without the other. So long as we play our part and work together for greater good, that should be the best thing to achieve. Real equality is when everybody contributes his/her part, as one body, as one living organism. This is what holds society together…


Haviland, W.A., Prins, H.E.L., Walrath, D., & McBride, B. (2010). Anthropology: the human challenge (12th ed). Belmont, CA: Wadsworth. Kottak, C.P. (2011) Anthropology: appreciating human diversity (14th ed). New York: McGraw-Hill. Macionis, J.J. (2010). Sociology (13th ed). New York: McGraw-Hill.

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Application of using macroeconomics to make a real world decision

Application of using macroeconomics to make a real world decision.

1) Which of the following issues is an application of using macroeconomics to make a real world decision?
A. Whether a company should increase its worker benefits
B. Whether this year’s enrollment will increase for University of Phoenix.
C. Whether the growth rate of the Chinese economy will exceed 10% in 2010
D. Whether workers should choose to remain in a factory
2) The forces that make market economies work are
A. work and leisure
B. demand and supply
C. regulation and restraint
D. taxes and government spending
3) A market is a
A. group of buyers and sellers of a particular good or service
B. group of people with common economic characteristics
C. place where buyers and sellers come together to engage in trade
D. place where an auctioneer helps set prices and arrange sales
4) If a decrease in income increases the demand for a good, then the good is
A. a substitute good
B. a complement good
C. a normal good
D. an inferior good
5) Two goods are substitutes if a decrease in the price of one good
A. decreases the demand for the other good
B. decreases the quantity demanded of the other good
C. increases the demand for the other good
D. increases the quantity demanded of the other good
6) A likely example of substitute goods for most people would be
A. peanut butter and jelly
B. tennis balls and tennis rackets
C. televisions and subscriptions to cable television services
D. pencils and pens
7) Another term for equilibrium price is
A. dynamic price
B. market-clearing price
C. quantity-defining price
D. satisfactory price
8) If, at the current price, there is a shortage of a good,
A. sellers are producing more than buyers wish to buy
B. the market must be in equilibrium
C. the price is below the equilibrium price
D. quantity demanded equals quantity supplied
9) If there is suddenly an increase in population in North Carolina, then the average wage for North Carolina will
A. decrease because the supply of labor increases
B. increase because the supply of labor increases
C. decrease because the demand of labor increases
D. increase because the demand of labor increases
10) The marginal product of labor is equal to the
A. incremental cost associated with a one unit increase in labor
B. incremental profit associated with a one unit increase in labor
C. increase in labor necessary to generate a one unit increase in output
D. increase in output obtained from a one unit increase in labor
11) When we focus on the firm as a supplier of a good or a service, we assume that the firm is a profit maximizer. When we focus on the firm as a demander of labor, we assume that the firm’s objective is to
A. minimize wages
B. minimize variable costs
C. maximize the number of workers hired
D. maximize profit
12) What are the two types of imperfectly competitive markets?
A. Monopoly and monopolistic competition
B. Monopoly and oligopoly
C. Monopolistic competition and oligopoly
D. Monopolistic competition and cartels
13) Monopolistically competitive firms are typically characterized by
A. many firms selling products that are similar, but not identical
B. many firms selling identical products
C. a few firms selling products that are similar, but not identical
D. a few firms selling highly different products
14) The commercial jetliner industry, consisting of Boeing and Airbus, would best be described as a (an)
A. perfectly competitive market
B. monopolistically competitive market
C. oligopoly
D. monopoly
15) Imperfectly competitive firms are characterized by
A. horizontal demand curves
B. standardized products
C. a large number of small firms
D. price making ability
16) Gross domestic product serves as a measure of two things:
A. the total spending of everyone in the economy and the total saving of everyone in the economy
B. the total income of everyone in the economy and the total expenditure on the nation’s output of goods and services
C. the value of the nation’s output of goods and services for domestic citizens and the value of the nation’s output of goods and services for the rest of the world
D. the nation’s saving and the nation’s investment
17) Which of the following newspaper headlines would be more closely related to what microeconomists study than to what macroeconomists study?
A. Unemployment rate rises from 5 percent to 5.5 percent.
B. Real GDP grows by 3.1 percent in the third quarter.
C. Retail sales at stores show large gains.
D. The price of oranges rises after an early frost
18) A fiscal policy can be
A. an increase of federal government spending financed by the treasury
B. a sale of bonds in an open market operation by the treasury
C. a rise of reserve ratios by the Fed
D. that the Fed prints money
19) Stagflation exists when prices
A. and output rise
B. rise and output falls
C. fall and output rises
D. and output fall
20) An expansionary fiscal policy will
A. reduce unemployment and increase GDP
B. reduce unemployment and decrease GDP
C. increase unemployment and increase GDP
D. increase unemployment and decrease GDP
21) If money is used as a mechanism to hold purchasing power for a period of time, it is functioning as a
A. medium of exchange
B. store of value
C. unit of account
D. standard of value
22) Inflation can be measured by the
A. change in the consumer price index
B. percentage change in the consumer price index
C. percentage change in the price of a specific commodity
D. change in the price of a specific commodity
23) Given the following information about AAA bank:
Bank Deposits $100,000
Loans $50,000
Required Reserves $20,000
Excess Reserves $30,000
What is the reserve ratio set by the Federal Reserve Bank?
A. 10 percent
B. 20 percent
C. 30 percent
D. 50 percent
24) Sally sells 40 bags of lettuce for a total of $80 at the farmers’ market.
A. The $80 is a real variable. The quantity of lettuce is a nominal variable.
B. The $80 is a nominal variable. The quantity of lettuce is a real variable.
C. Both the $80 and the quantity of lettuce are nominal variables.
D. Both the $80 and the quantity of lettuce are real variables.
25) Monetary neutrality implies that an increase in the quantity of money will
A. increase employment
B. increase the price level
C. increase the incentive to save
D. not increase any of the above
26) For any country, if the world price of computers is higher than the domestic price of computers without trade, that country should
A. export computers, since that country has a comparative advantage in computers
B. import computers, since that country has a comparative advantage in computers
C. neither export nor import computers, since that country cannot gain from trade
D. neither export nor import computers, since that country already produces computers at a low cost compared to other countries
27) Outflow represents the quantity of dollars
A. supplied for the purpose of selling assets domestically
B. supplied for the purpose of buying assets abroad
C. demanded for the purpose of buying U.S. net exports of goods and services
D. demanded for the purpose of importing foreign goods and services
28) In the open economy macroeconomic model, net capital outflow is equal to the quantity of
A. dollars supplied in the foreign exchange market
B. dollars demand in the foreign exchange market
C. funds supplied in the loanable funds market
D. funds demanded in the loanable funds market
29) A tariff on a product
A. enhances the economic well-being of the domestic economy
B. increases the domestic quantity supplied
C. increases the domestic quantity demanded
D. results in an increase in producer surplus that is greater than the resulting decrease in consumer surplus
30) Aquilonia has decided to end its policy of not trading with the rest of the world. When it ends its trade restrictions, it discovers that it is importing incense, exporting steel, and neither importing nor exporting rugs. Which groups in Aquilonia are better off as a result of the new free-trade policy?
A. Producers of incense and consumers of steel
B. Consumers of all three goods
C. Consumers of incense and producers of rugs
D. Producers of steel and consumers of incense

Application of using macroeconomics to make a real world decision

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Analyze the history of changes in GDP, savings, investment, real interest rates, and unemployment and compare to forecast for the next five years.

Analyze the history of changes in GDP, savings, investment, real interest rates, and unemployment and compare to forecast for the next five years..

Money and the Prices in the Long Run and Open Economies
The organization’s strategic plan you wrote about in Week 2 calls for an aggressive growth plan, requiring investment in facilities and equipment, growth in productivity, and labor over the next five years. It is your responsibility to determine how the U.S economy during this five year period will impact such an aggressive growth plan. To do so, you should:
Develop a 2,100-word economic outlook forecast that includes the following:
• Analyze the history of changes in GDP, savings, investment, real interest rates, and unemployment and compare to forecast for the next five years.
• Discuss how government policies can influence economic growth.
• Analyze how monetary policy could influence the long-run behavior of price levels, inflation rates, costs, and other real or nominal variables.
• Describe how trade deficits or surpluses can influence the growth of productivity and GDP.
• Discuss the importance of the market for loanable funds and the market for foreign-currency exchange to the achievement of the strategic plan.
• Recommend, based on your above findings, whether the strategic plan can be achieved and provide support.

Analyze the history of changes in GDP, savings, investment, real interest rates, and unemployment and compare to forecast for the next five years.

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How the book relates to the real world (Connector)

How the book relates to the real world (Connector).

The purpose of the book review is to sell the idea of reading it to other readers.
Therefore, it is persuasive in nature and should include most of the following to help
increase the reader’s desire to read the book you are reviewing.

your review in the first-person voice (I)
2. A plot summary that doesn’t tell too much; just enough to the reader interested.
3. Quotes from the book that reveals character, theme, and setting.
4. Brief description of the main characters.
5. Where and when the story is set.
6. Descriptions of the theme and the conflict.
7. How the book relates to the real world (Connector).
8. A suggestion of who would like to read the book and why.
9. Comparison with other books.
10. The reviewer’s feeling about the book including specific reactions.
11. A grabbing lead and an emphatic conclusion.

How the book relates to the real world (Connector)

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Biology and Technology in the Real World

Biology and Technology in the Real World.

Written Assignment: Biology and Technology in the Real World

Addresses course outcomes 2 and 3:

       use knowledge of biological principles to ask relevant questions about the natural world

       make observations and discriminate between scientific and pseudoscientific explanations

1. Select one of the topics listed below.

2. Find at least two information sources related to the topic. You can find assistance with searching for articles at the UMUC Library Subject Guides at http://libguides.umuc.edu/science.

3. Write a 750-1500 page paper, excluding references and title page. You must read the information sources that you find and summarize the information in your own words, addressing each of the questions and expectations for your chosen topic. Extensive quotes from the article are discouraged. Use APA style for citing references, seehttp://www.umuc.edu/library/guides/apa.html.

4. Post your assignment to your Assignments folder by the due date listed in the course schedule.

 Topics (select one)

a) Genetically modified organisms (GMOs). What is the purpose genetic engineering of crop plants and domestic animals? Briefly explain how GMOs are created. What foods in your supermarket contain GMOs? Are foods that contain GMOs safe for human consumption? What types of regulations exist for these foods? Clearly explain your reasoning for each answer. The following website from FDA regarding GMO regulation may be helpful: http://www.fda.gov/ForConsumers/ConsumerUpdates/ucm352067.htm

b) Stem cells. Your friend had a spinal cord injury after a bad car accident. The medical team has decided that he is a good candidate for a clinical trial using stem cell therapy. Your friend has not had a biology course since high school, so you decide to write him a letter sharing your knowledge of stem cells. Include in your letter a description of the biology of stem cells and how these cells are unique from other cells. Contrast the different types of stem cells, including pros and cons of each. Explain how stems cells are can be used to treat diseases and injury, with special focus on spinal cord injuries. Conclude with your own opinion. The following website from NIH regarding stem cell research will be very helpful: http://stemcells.nih.gov/index.asp.

c) Fracking (hydraulic fracturing) and tar sands (oil sands).  With society’s dependence on nonrenewable fossil fuels, the oil & gas industry is turning to the use of hydraulic fracturing and tar (oil) sands to extract natural gas and oil respectively.  A friend asks you “What’s all this controversy in the news about fracking and tar sands?”  Briefly explain to your friend how hydraulic fracturing and tar (oil) sands are used to obtain these fossil fuels. Then, in more detail, describe the environmental problems that may result from these processes and why they are controversial. Issues that may be addressed involves, but are not limited to, water, air and soil pollution, effects on human health, effects on other species and natural ecosystems. Finally, give your opinions on possible solutions to these environmental problems, with your reasoning backed by the references that you studied. The following websites from EPA may be helpful: http://www2.epa.gov/hydraulicfracturing

Biology and Technology in the Real World

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Objectives: To identify key economic issues in real world scenarios affecting individuals, households, and firms

Objectives: To identify key economic issues in real world scenarios affecting individuals, households, and firms.

In this assignment, you will apply your economics knowledge to explain and interpret a recently published economics article. You will research and select one article published within the past year that discusses an economics issue from a list provided and explain the economics of the article. The article may be obtained from a major business or economics journal, magazine, or newspaper (The Economist, Wall Street Journal, Businessweek, Times, Fortune, etc.). Using your own words as much as possible, explain the main points being made by the article’s author, the economic principles used by the author to support his/her argument, and the implications of the story. To do this, you will be applying some of the key economics concepts you have learned in the course to explain the meaning and relevance of the economics story to individuals, firms, and/or industry.

To identify key economic issues in real world scenarios affecting individuals, households, and firms.
To apply the appropriate economic concepts and principles to understand, explain, and interpret the decisions made and actions taken by the main economic agents.
To evaluate and reflect on the implications of changes in economic conditions on the behavior and decisions of households and firms.
Required Materials
Hutchinson, E. (2017). Principles of microeconomics. University of Victoria. <link is hidden> />
Recently published Business/Economic journal articles from Yorkville University Library or other academically credible online source.

Major Topics Covered
Supply, demand, and equilibrium market price
Specialization and trade
Consumer behaviour
Production in the short and long run periods
Competitive markets
Monopoly, cartels, and price discrimination
Another topic related to microeconomics
Important Note
Avoid topics related to macroeconomics. These topics include unemployment, inflation, trade policy, national income/GDP, income inequality, poverty, etc.

Good microeconomic topics often focus on decisions of firms (production costs, market supply and demand, competition, etc.) and decisions of individuals (opportunity costs, demand for products, consumer behaviour, etc.

Instructions and Requirements
Your topic must align closely with one of the topics listed above. Papers submitted on topics outside this list will not receive credit.

The Paper comprises the following required elements:

A. Cover Page. On your Cover Page, clearly state the economic topic you will be discussing from the list above and its number. Example, Topic 7: Monopolies, cartels and price discrimination.
Below the economic topic, state the name of the article, date published, author and publication name. Example, “Public outcry over variable pricing schemes in Canada’s public transportation”, Jeff Hendriks, The Canadian Transporter Magazine, March 10, 2019.
Include your name, course and date below the article’s name.
B. Content. Your paper should have the following four content sections:
Introduction and identification of key economic issues and concepts. In this section of the paper, explain in summary the intent of the article and how the author fulfils this objective in the article.
Clearly identify the main economics topic or issue raised in the article, the article’s title, date of publication, publisher and author.
Note that the article must have been published within the past year from a reputable source.
While the author will elaborate the issue, you will identify the key economics concept(s) attendant to it. That is, what economic principles, theories or concepts apply to the article?
Relevance of the economic issue. In the second section you will focus on explaining the importance of the economic issue(s) cited in the article and its relevance to individuals, firms, and/or government. Most economic issues have implications for consumers, or producers, or to the nation as a whole. Examine and discuss the possible meaning and importance of the issue to these groups.
Academic explanation of the economic concepts. This is the core section of the paper where you will use economic theory and illustrations (usually graphs) to academically explain the economic principles or theories on which the article is based. At least one explained graph is required in this section.
You will utilize your knowledge of economics to connect what the author is presenting in his/her article. In other words, use the appropriate economic theory to explain the author’s main point.
The key to this section is applying your economics knowledge (concepts, graphs, illustrations) to help clarify to readers what the article is saying.
Conclusion and reflection. Summarize and reflect on what you have learned from reviewing and interpreting the article. How is this knowledge important to you? What other implications can you derive from the article?

Objectives: To identify key economic issues in real world scenarios affecting individuals, households, and firms

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Describe a situation (real or fictional) where not having a focused message in your writing could lead to a problem or poor outcome

Describe a situation (real or fictional) where not having a focused message in your writing could lead to a problem or poor outcome.

Focused message in your writing

When someone’s writing is not focused, clear, and precise the message is often lost or confusing. To succeed in today’s competitive, professional world you must be able to communicate effectively; especially through writing.

Ensure your writing is focused and effective

Describe a situation (real or fictional) where not having a focused message in your writing could lead to a problem or poor outcome. Describe how you can use the writing process to ensure your writing is focused and effective.

APA Format

Describe a situation (real or fictional) where not having a focused message in your writing could lead to a problem or poor outcome

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Few markets in the real world have the characteristics of a perfectly competitive market.

Few markets in the real world have the characteristics of a perfectly competitive market..

Homework guidelines

1- APA style

2- Write Abstract

3- For all your answers support your views/opinions with at least two to three scholarly references, and a word count of 400-500 words for each answer.

4- Read every question carefully and provide examples in Q3&Q4 as requested.

5- Provide plagiarism report

6- Contact me if you want to clarify something!


Learning Resource : Chapter 5 &6 of the Text Book O’Sullivan, A., Sheffrin, S. M., & Perez, S.J. (2014).Survey of Economics: Principles, Applications, and Tools. (6th).Upper Saddle River, NJ: Pearson Education. Print version: ISBN-10: 0-13-294885-0 or ISBN-13: 978-0-13-294885-2.Digital version: ISBN-13:978-0-13-13-9370-7.

Q1. Few markets in the real world have the characteristics of a perfectly competitive market. Does that mean that the predictions of the model of perfect competition are not very useful in predicting how markets in the real world work? Discuss. (5 Marks)

Q2. ‘Profit is the maximum value a company can distribute during the year and still expect to be worth as much at the end of the year as it was at the beginning.’ Discuss this statement, and comment on its value in measuring profit for decision-making. (5 Marks)

Q3. As a manager, would you prefer your business to be in a monopoly position or a perfectly competitive market? Why? Support your views with examples. (5 Marks)

Q4.Why is it that, in the short-run, after a certain number of workers has been hired, output increases by less and less with each additional worker hired? Illustrate your answer with an example. Would there be any circumstances under which this phenomenon would not occur? (5 Marks)

Note: For all your answers support your views/opinions with at least two to three scholarly references, and a word count of 400-500 words for each answer.

Learning Resource: Chapter 5 &6 of the Text Book O’Sullivan, A., Sheffrin, S. M., & Perez, S.J. (2014).Survey of Economics: Principles, Applications, and Tools. (6th).Upper Saddle River, NJ: Pearson Education. Print version: ISBN-10: 0-13-294885-0 or ISBN-13: 978-0-13-294885-2.Digital version: ISBN-13:978-0-13-13-9370-7.

End of Page

Few markets in the real world have the characteristics of a perfectly competitive market.

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