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What products have you bought lately that were made in a different country? What countries produced them? Did you have any difficulty accepting the fact that the product came from there? If presented with the choice, would you rather buy foreign made products with a lower price or American made products with a slightly higher price (assuming they are of the same quality)? Does any of this matter if you are a business owner? Does this matter if you work for a U.S. based company?
If the number of employed people in a population is 149,444 , the unemployment rate 5%, and the Labor Force participation rate 62.5%, calculate the working age population, number of unemployed people, and the Labor Force.
Should a nation's income be distributed to its members according to their contributions to the production of total income or according to the members' needs?
A forest stand yields a recurring timber harvest income of $15,000 that occurs every 45 years. Using a 7% interest rate, find the present value of the perpetual harvest income stream assuming that the first income occurs 45 years from now.
Find out the real rate of interest earned by Albert in each of the three years and his total real return over the three-year period. Assume that interest earnings are reinvested each year and themselves earn interest.
In the early 1990s, land prices plummeted in Japan, leading many bank borrowers to default on their loans. Stock prices also came down sharply, reducing the value of banks’ shareholdings. The net result was that most Japanese banks fell into severe f..
Welfare recipients would rather receive cash benefits than in-kind benefits, (medical care, housing assistance, food stamps), but much of the welfare system provides in-kind benefits. Is there a reason for not giving recipients their welfare benefits..
The players are needed to simultaneously and independently select positive numbers. Find out the Nash equilibrium of this game.
Many centrally-planned economics, such as the former soviet union, set price ceilings on agricultural products in an attempt to aid consumers. 1. Analyze the welfare effects of a price ceiling graphically. Assume for simplicity that the country does ..
Average inflation rates tend to be higher in countries that have relatively weak judicial systems and property rights (remember chapter 1 and the importance of secure property rights?). Why do you think this is the case? Would you expect these countr..
What could Massey Energy have done to avoid this tragedy? The company had a long history of being cited for safety violations. Why might a company persist with flouting violations? To what extent did Massey Energy’s organizational culture contribute ..
To counter parents' concerns about fast foods and childhood obesity, McDonalds considered: Domestic currency depreciation will:
Per capita GDP in the long run: Suppose an economy begins in steady state. By what proportion does per capita GDP change in the long run in response to each of the following changes?
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