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Economics

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1.Discuss the advantages and disadvantages of Medtech paying the salesforce on a commission-only basis. What specific changes would you recommend to John and why? (15 marks)

2. what are good start up businesses for 2020?

(this is an essay question, so please help me with points & some elaboration thanks!)

3.How ould each of the following events (each considered separately) affect the full-employment level of employment, equilibrium real wage, and the full employment level of output in the economy? Draw graphs to help explain and illustrate each of your answers.

1. Acid rain accelerates the depreciation rate of physical capital causing a large portion of a country's physical capital stock to become unusable.

2. The government announces a substantial increase in the Social Security tax on wages to become effective in two years.

4.You are given the following information:

Quantity of imports                                             400

Foreign currency price of imports                     20

Exchange rate (d/f)                                              1.50

Calculate the foreign currency and domestic currency values of imports. What will happen if the exchange rate falls to 1.20, assuming that the value of the elasticity of demand for imports is -0.1?