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1. What implications does Gordon see for likely changes in retirement and demographics in terms of living standards and productivity?
2. Provide an example of how the doctrine of seperation of powers can affect an international business transaction.
3. Provide an example of two public goods or services and the geographic scale at which they can be most efficiently provided.
4. Evaluate Robert Reich's proposed cure(s) for the ailments of the United States economy. Explain which you support and which you would oppose and why.
When prices are (P1, P2)= (1,2), the consumer demands (X1, X2) = (1,2). When prices are (Q1, Q2) = (2,1), the consumer demands (Y1, Y2) = (2,1). Is this consumer behaviour consistent with Weak Axiom of revealed preference ? Prove that elasticity of d..
The Chicago Board of Trade voted to create a private market for right to emit sulfur dioxide. The Clean Air Act of 1990 established a limit, beginning in 1995, on total emissions of sulfur dioxide from 110 power plants. Firms finding it relatively ex..
Today we see a lot of activity within the international trade arena as the U.S. trade deficit has soared to a record high. Trade is designed to create bigger market opportunities, so why is the balance of trade so out of balance for the U.S.? Is it b..
Many times, government intervenes as a way to maximize the social welfare of the people and society. However, not everyone agrees that this is a good idea. Can you think of an examples where government intervention has actually been regarded as a bur..
Can you think of any reasons why? How would you describe the market structure of the world coffee market: is it competitive or not? Present your arguments.
In classical macroeconomic theory, the concept of monetary neutrality means that changes in the money supply do not influence real variables. Explain why changes in money growth affect the nominal interest rate, but not the real interest rate.
Aerospace contractor have four employees whose combine salaries through the end of this year are$250000. if the contractor expects to give an average raise of 5% each year, calculate the present worth of the employees' salaries over the next 5 years...
Identify and discuss the key differences between the presidential and parliamentary systems of government. Your answer should include a comparison of electoral processes which brings a party to power, how the executive and his/her cabinet are selecte..
Suppose that you are bargaining against a robot that is programmed to choose a strategy that maximizes its own profit against rational opponents. If two alternative options are equally profitable for the robot, it will toss a fair coin to decide what..
How do we fight a recession using Monetary Policy (Make sure to include the 4 tools of monetary policy and how we should use them.) and Fiscal Policy (Make sure to include all appropriate graphs and equations):
q.given the following annual information about a hypothetical country answer questions a through d.billions of
What are the credit risks faced by retail banking
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