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Greece, Portugal, Ireland and Spain are all members of the European Union. All have gotten themselves into sovereign debt trouble (the government can’t pay its debts). Greece recently received a bail-out package from the EU after months of drama. Spain and Ireland are on the mend fiscally. State your opinion and support it: should the EU bail out countries that can’t manage their fiscal affairs, or should the EU simply let them go broke and stiff those who were stupid enough to buy bonds issued by those countries?
Suppose that a company has a fixed proportions production function that requires it to use two machines and one worker to produce 1000 units per hour. What is the average and marginal cost of unit production (again, measure output in thousands of uni..
Larger firms produce a product at larger average cost than small firms when:
Why would a tax credit for mortgage intrest be worth more to lower income families than a deduction? Would you favor changing the benefit from a tac deduction to a tax credit? What other changes might you want to make at the same time? WHY?
Your cat just won the local feline lottery to the tune of 3000 cans of "9 Lives" cat food (assorted flavors). A local grocer offers to take the 3000 cans and in return, supply 30 cans a month for the next 10 years. What rate of return, in terms of no..
Some methods of initial assessment appear to be more useful than others. If you were starting your own business, which initial assessment methods would you use and why? Keep in mind the necessity of being able to measure assessments.
Survey data has been gathered from 500 hikers who visited a forst in a neighboring state. Using regression analysis, economists have controlled for differences in income, employment status, age and other important factors that might affect the number..
How increasing your human capital may influence your ability to accept change, and readiness to learn new skills and get new jobs. Apply the effects of human capital and technological changes
"When in Rome, do as the Romans do". Would this be a suitable guideline for MNC's (multinational corporations) doing business in developing countries with respect to ethical practices and social responsibility? Discuss.
Bavarian Crystal Works designs and produces lead crystal wine decanters for export to international markets. The production manager of Bavarian Crystal Works estimates total and marginal production costs to be TC = 10,000 + 40Q + 0.0025Q2 and MC = 40..
Some politicians have suggested that the United States enact a constitutional amendment requiring that the federal government balance its budget annually. Explain why such an amendment, if strictly enforced, would force the government to enact a cont..
A family that won a $100,000 prize on America’s Funniest Home Videos decided to put one-half of the money in a college fun for their child who was responsible for the prize. If the fund earned interest at 6% per year, how much was in the account 14 y..
Suppose you are a thirty-year-old worker choosing between an IRA, a ROTH IRA and aregular brokerage account. Your marginal federal tax rate is 15% now and 15% in retirement. Compare after-tax returns on all three forms of investment. Rank the investm..
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