Macroeconomics Answers

Consumer Watchdog says that Google should be scrutinized by U.S. and European antitrust
Regulators (like India’s Competition Commission) because it is abusing its dominant position in online search by directing users to its own services. The claim is that Google has grown a large
market share in online maps, video, and comparison shopping because its search engine
highlights links to these products in search results. Google says its goal is to give users the
information they are seeking, in the format required, as quickly as possible.
Evaluate Consumer Watchdog's claim about Google’s market power. What role, if any, do Regulators have in curbing the market power of firms and why is it desirable?
minimum 2000 words

Topic 2
The Indian Parliament recently passed a Farm Bill that frees the market for agricultural products in India. The Bill is being opposed by farmers in many parts of India as they fear that they will not receive the government mandated MSP for their produce. How did the agricultural market work before the Bill and how will it be impacted by the new Bill? Do you agree with the protesting farmers? Evaluate the impact of the Bill on agri produce market and on farmer income, primarily using economic reasoning.
minimum 2000 words

During the recent assembly election in Bihar, many of the women voters who supported CM Nitish Kumar's Prohibition Policy were against him. Is prohibition the most effective policy to deal with alcoholism in society? Evaluate the impact of such policy on the different parties - consumer, government and society, primarily using economic reasoning

Recession
Scandia imports most of its wheat from Ukrainia. Last year, Ukrainia was hit by a drought, affecting all its agricultural produce. Its wheat output was down by 50%, because of which it decided to cancel all wheat exports so that it could have sufficient wheat supply for domestic consumption. Which of the following will NOT be an impact of this decision on Scandia’s economy?

How does a progressive income tax system affect businesses in the US?

Find the equilibrium level of income for a country’s economy given the
following information:
C = 1000 - .8T + .8Y G = 2500
T = 2000 X = 1500
I = 4000 M = 50

Topic 1
During the recent assembly election in Bihar, many of the women voters who supported CM Nitish Kumar's Prohibition Policy were against him. Is prohibition the most effective policy to deal with alcoholism in society? Evaluate the impact of such policy on the different parties - consumer, government and society, primarily using economic reasoning.

If the currency deposit ratio is 0.18 and the reserve deposit ratio is 0.3, then the money multiplier tells us that a $50 deposit will cause the money supply to increase by approximately