Fill This Form To Receive Instant Help

Help in Homework
trustpilot ratings
google ratings


Homework answers / question archive / 1) You work for a major athletic shoe company

1) You work for a major athletic shoe company

Economics

1) You work for a major athletic shoe company. You are aware that everyone in your industry, and in school athletics departments, routinely violate federal law and NCAA rules. If caught by the FBI your defense of “well everybody does it” will result in your case being dismissed by the court. True O False Question 23 2.5 pts Anytime you find an unjust law you should just ignore it (not follow it) and work to change it. True False
Question 24 2.5 pts According to Mr. Cochran you may resort to civil disobedience if your cause is just, it affects most people, you have tried to work through the system, you are willing to pay the fine and/or go to jail, and you remain non-violent. True False Question 25 2.5 pts You are convinced that the speed limit on East University Drive is too low because in your experience similar roads you have traveled on had significantly higher speed limits. Furthermore you think the City of Auburn simply wants to make money off students by issuing tickets there, which is clearly unethical behavior. Therefore you should just ignore the speed limit and drive at whatever speed you want to drive. True O False.

2.1. If Naboo and Tatooine have the same population size, the standard of living in these two countries can still be different depending on:

their respective political systems

their respective inflation rates

their relative geographic size

the relative sizes of total output

2. An economy produces only 1 000 000 computers valued at $2000 each. Of these, 200 000 are sold to consumers, 300 000 are sold to businesses, 300 000 are sold to the government and 100 000 are sold abroad. No computers are imported. At the end of the year, the computer manufacturers hold the unsold computers in inventory. What is the value of GDP?

$0.9 billion

$1.0 billion

$1.8 billion

$2.0 billion

3. The following table contains information about an economy that produces only pens and books. The base year is 2003

Year

Price of pens

Quantity of pens

Price of books

Quantity of books

2003

$3

100

€10

50

2004

3

120

12

70

2005

4

120

14

70

What is the value of real GDP for 2004?

A. $800

B. $1060

C. $1460

D. $1200

4. If the consumer price index increased from 1.52 to 1.65, then it must be the case that ______ relative to prices in the base year.

A. all prices rose

B. the weighted average level of prices rose

C. all prices fell

D. some prices rose and some prices fell

3.What do you think about the current economic growth of India? ( APA style with reference)

pur-new-sol

Purchase A New Answer

Custom new solution created by our subject matter experts

GET A QUOTE

Answer Preview

1.

  1. Given statement is false as everybody does it will not work in court of law, in fact knowing and not reporting and participating in violation will lead to further action.
  2. Given proposition is false as laws though at times can be liked or disliked, can be interpreted differently but that does not give choice to ignore it as it will lead to breaching of law,so instead of ignoring a law which you feel is unjust,you should challenge it through mediums to tell why it is unjust but ignoring it, thinking that you will not be violating law because you consider it as unjust will not work
  3. Given statement is true as that is what civil disobedience implies and have been practiced with,even the term civil signifies non-violence as important tool but not obeying laws/actions which are unjust.
  4. Given proposition is false as it is again taking law as your own hands as an individual,as a citizen you must go through the right process first and see where it leads otherwise everyone will interpret and start doing things according to their will and ignoring laws leading to chaos.

2.the relative sizes of total output. The standard of living depends on the level of output in different economies and also on the size of the population.

Answer 2; $2.0 billion

The value of inventory = $2000 * 100000 = $2 billion

Answer 3: Option B. $1060.

The value of Real GDP in 2004 = Prices in 2003 * Quantity produced in 2004.

Answer 4: Option a.

Since the value of CPI has increased, all prices has increased between these years.

3.

  • in the fiscal year 2020-2021, from the month of April to July there was strict lockdown in India due to the global pandemic of COVID-19. the commercial and economic activities were adversely impacted and the consequences can be seen in the first quarter's GDP result which showed the GDP at -23.9% which itself represent the current economic situation.
  • the current economic situation is very vulnerable because in the month of may Prime minister Narendra Modi presented the stimulus package of 20 Lac. crore equivalent of $265 billion,still the rate of unemployment has been increasing.many small and micro businesses have been shut down.
  • banking industry are under the threat of increasing NPA because the borrowers are losing their job and therefore the banks are not providing fresh loans to business units and there is lack of credit flow.
  • people are under the threat due to mismanagement of government's decision concerned with the immediate and sudden lockdown,due to this decision millions of labors migrate from different parts of India to their hometown and therefore due to lack of income the AD is also affected and producers are discouraged to produce more units of goods and services.

in nutshell we can observe that the economy of India is struggling and increasing covid cases and India-china border crisis is worsening the situation.

Related Questions