Mr Mark Lewis is employed on a luxury cruise liner which travels the Mediterranean Sea. After deductions his taxable income is AUD$150,000, (Hong Kong Dollar 790,000)   He owns a farmhouse in Australia which was his family home. After divorcing his wife, the wife took their twins to live in Canada. Mark now rents the…

1. Suppose the demand and supply functions for good X are Qd=50 -8P & Qs= -17.5 + 10P (a) What are equilibrium price and quantity? (b) What is the market outcome if price is $2.75? What would you expect to happen? Why? (c) What is the market outcome if price is $4.25? What would you…

Prepare between 3 to 5 pages (exclude the cover and reference pages) document of your responses and findings based on the given question. LUCRATIVE INVESTOR-STATE DISPUTE SETTLEMENT (ISDS) LAWSUITS In recent months, international law firms have been encouraging ISDS lawsuits citing government measures to check contagion and mitigate their economic consequences, urging clients to invoke…

In the economy of Cambodia, the marginal propensity to consume is 0.9. Investment is $50 billion, government purchases of goods and services are $40 billion, and lump-sum taxes are $40 billion. Cambodia has no exports and no imports. a. The government cuts its purchases of goods and services to $30 billion. What is the change…

The Federal government has introduced JobKeeper payments to tackle the rising unemployment due to COVID-19. Loss of employment has meant a loss of income; this means we are experiencing a decrease in individual demand by households. With affordability now low, income elasticity of demand has been impacted. This paper requires you to use microeconomic analysis…

The Critical Review Paper will be on William Easterly’s book The Tyranny of Experts: Economists, Dictators, and the Forgotten Rights of the Poor. Length: 8-10 pages Contents: the book review MUST HAVE 3 PARTS: Part 1: Summary of the research question and of the argument, and theoretical framework of the book Part 2: Internal critical evaluation…

OverviewCaptain Crozier, Commander of the USS Theodore Roosevelt, wrote and distributed a controversial letter that pleaded for help for crew members stricken by the Covid-19 virus in March of 2020. The communication was sent to several recipients and eventually found its way to the news media. The situation became front-page news and was actively debated…

In this exercise, you will run a simultaneous multiple regression analysis to predict the women’s level of depression (scores on the CESD depression scale, cesd) based on several demographic characteristics, socioeconomic characteristics, health status, and self-reported incidence of abuse in the prior year. The list of predictors is as follows: the two race/ethnicity dummy variables…

In this exercise, run a stepwise multiple regression to predict depression scores, using the same predictors as in Exercise B3. In the first SPSS Linear Regression dialog box, enter cesd as the Dependent variable and the list of predictors in the Independent slot, as in the previous exercise. For Method, select “Stepwise.” For the Statistics…

In this exercise, run a hierarchical multiple regression analysis to predict cesd, using the same predictors as in Exercises B3 and B4. Select the variables you would like to enter in each step, being sure to think of a reasonable rationale for the order of entry. In the first SPSS Linear Regression dialog box, enter…