Managerial Economics, economics homework help

BA540 Managerial EconomicsSkousen, M. (2013).Economic Logic. FourthEdition. Regnery PublishingISBN 9781621572220Final ExamProvide answers to the four Final Exam questions using APAformat. Submit your exam on schedule.This final exam consists of four questions. Please answer themusing APA format.Two to three pages shouldbe sufficient for each question.1. In hisbook, Rewarding Work: How to Restore Participating and Self-Support to FreeEnterprise (Harvard University Press, 197), economist Edmund Phelps offers thisplan to help the working poor: apply tax credits for qualified employers orhire disadvantaged people for eligible jobs. Evaluate this plan in terms ofmarket incentives, one of the ten principles of economics, to work and currentwelfare programs. Is the Phelps plan an improvement over current governmentpolicies? Discuss.2. Theavailability of investment capital is critical for a market economy to grow.Explain how this investment capital is transformed into fixed capital goods,new technology, and cost reduction using new methods of production. Also,explain how interest rates impact the availability of investment capital.3. Yourtext, on page 629, lists three arguments for trade restrictions. Sinceeconomists do not favor trade restrictions, and this is a course in ManagerialEconomics, make the case as an economist against trade restrictions for thesethree items. Are there any arguments for trade restrictions that mosteconomists would support? Discuss.4. Who wasresponsible for the global financial crisis of 2007-2009? Free-Marketcapitalism, government intervention, or a combination of both? Identify thecauses of the crisis, the steps the private and public sector took to resolveit, and what leaders should do to keep it from happening again. Remember, banksare profit making firms who supply capital to suppliers of goods and services.Your paper should reflect scholarly writing and current APAstandards. Please include citations to support your ideas.