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What do you see as the benefits and costs of incomeredistribution? To what extent should the government seek toequalize incomes and how does this affect personal initiative? Isit fair that a couple of guys who start a business in a garage canbecome millionaires while other people are hungry.
How can a price ceiling on tickets lead to scalping? Is price an effective rationing mechanism under a binding price ceiling? Why or why not?
Calculate gross national product and net national product
Compare and comment on the differences in the four variables between each country and over time. Discuss possible economic reasons that contributed to those differences.
An outright purchase of $20,000 now (a lump sum payment) can be traded for 24 equal payments of $941.47 per month, starting one month from now. What is the monthly interest rate that establishes equivalence between these two payment plans?
Two firms, 1 and 2, simultaneously pick prices, p1 and p2, respectively, where p1,p2 ≥0. Both firms have constant (and identical) marginal costs, denoted c>0. Demand is given by D(p), where p is the lowest price, p = min {p1,p2}, If the two firms cha..
Which is true in the aggregate supply / aggregate demand model? Contractionary fiscal policy would consist of. An inflationary gap occurs when.
Education (e.g., elementary and secondary education, higher education-undergraduate and graduate) b. Government (e.g., the Social Security Office, the Internal Revenue Service)
A Free Lunch? Is proposal too good to be true from two perspectives? Realistic (unordered) statement of facts.
If the firm is facing a discount rate of 8%, what is the NPV of this project?
In their advertising, a student loan servicing company claims to have a 90% customer satisfaction rate.
Texting and emails are the communication medium of the day. Yet there is a lot more to the message than the body of text we read.
Discuss the concepts of comparative and absolute advantage, absolute advantage and terms of trade.
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