Categories
Economics

In these two blog posts, Marc Freccero shows both the promises and pitfalls of t

In these two blog posts, Marc Freccero shows both the promises and pitfalls of the gig economy. Using quotes from the two materials, I want you to write a brief 500 word essay that addresses the following questions:
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What were Freccero’s initial expectations about being an Uber/Lyft driver?
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How was the gig economy ‘framed’?
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After some experience driving for Uber/Lyft, what was Freccero’s experience like? Did it match his expectations?
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Did he manage to make a living out of being an Uber/Lyft driver?
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Were his working conditions adequate?
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Was this actually ‘a good hustle’?

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

Please read the descriiption entirely and ensure you understand deliverable befo

Please read the descriiption entirely and ensure you understand deliverable before starting. Please use spreadsheet attached to complete project and use at least 3 sources to support your argument.
Please write a 3-page memo to CEO with graphs and tables on how you plan to turn things around, LCF can take one of three approaches: (1) increase revenue, (2) maintain revenue at the current level, or (3) choose a different strategy based on a limited production quantity that may be below the current level. Your memo should address the questions below.
Market Structure
1. Explain why an understanding the market structure in a which company operates is important to being an effective manager.
2. Explain the market structure that is most likely operating in the market for the Deluxe boxes.
3. Explain the market structure that is most likely operating in the market for the Standard boxes.
Price Elasticity
1. Discuss what actions the company should take in setting the price of the Standard box given its price elasticity of demand.
2. Discuss what actions the company should take in setting the price of the Deluxe box given its price elasticity of demand.
3. Assuming the price elasticity of supply for the Standard box is inelastic, explain the key factors that the company must consider in expanding production.
Scenario
LCF is a firm who financial and operational performance you confirmed is on a downward trajectory. Please identify some of the root causes of the company’s financial stress so that you understand what can be done to turn things around. Reversing the trend is not going to be an easy task, but you are confident because your team has years of experience working with troubled companies.
You have seen many marketing-driven CEOs bankrupt their businesses by losing sight of their company’s bottom line. It is going to be a balancing act to find the right mix of decisions that will improve the efficiency of LCF as well as make it sustainable in the long run.
Your role will be an “economist”. You will study how supply and demand affect LCF. You know that calculating elasticity will help you figure out how to reverse LCF’s downward trend.
Also explore the structure of the industry from various angles and understand how consolidation or transformation impact LCF.
Lastly, memo should meet the competencies below.
• 3.1: Identify numerical or mathematical information that is relevant in a problem or situation.
• 3.2: Employ mathematical or statistical operations and data analysis techniques to arrive at a correct or optimal solution.
• 3.3: Analyze mathematical or statistical information, or the results of quantitative inquiry and manipulation of data.
• 4.1: Lead and/or participate in a diverse group to accomplish projects and assignments.
• 4.3: Contribute to team projects, assignments, or organizational goals as an engaged member of a team.
• 4.4: Demonstrate diversity and inclusiveness in a team setting.
• 5.1: Develop constructive resolutions for ethical dilemmas based on application of ethical theories, principles, and models.
• 10.1: Apply relevant microeconomics principles to support strategic decisions for the organization.