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Problem
1. "If countries are behaving rationally, they should always be willing to export more at a higher export price. Thus, one would not expect to see ‘backward-bending' offer curves." Discuss.
2. You have the following information for a country for 2010, with all price indexes utilizing 2000 as the base year: The export price index is 120, the import price index is 130, the quantity index of exports is 115, and the quantity index of imports is 100. Calculate the commodity terms of trade and the income terms of trade for this country for 2010. Interpret your results.
Image that the mayor has hired you as a consultant to evaluate the increase in aggregate demand in the city where you live. Describe to the mayor one aggregate demand and supply factor.
A discussion of the importance of contracts in American business. Why do contracts exist? How might contracts influence the sustainability of a business?
Media Corp. has determined that its customer base is divided into two groups: sports fans and news junkies. There are one million sports fans and one million news junkies.
suppose that you can work anywhere form 0 to 24 hours per day at a wage of 1 per hour. you are subject to a tax of 50
Take the derivative of TR with respect to Q to get marginal revenue (MR). When Q = 0, what is PX? When MR=0, what is Q? Plot the demand, MR, and TR curves in two vertical graphs.
But because Frank is not Scott's agent, Scott is not bound by the contract. If Scott decides to accept the contract, what kind of agency would be created?
One of your analysts told you that the Mexican peso is expected to depreciate by 30 percent against the dollar on the foreign exchange markets over the next year. What actions, if any, should you take?
A retailer finds that the demand for a very popular board game averages 100 per week with a standard deviation of 20. If the seller wishes to have adequate stock 95% of the time, how many of the games must she keep on hand?
From both fiscal policy and monetary policy approaches, should the Government a. balance the budget b. not balance the budget?
Imagine that you are studying how the number of rabbits and chipmunks evolved between 1950 and 2000 in Madison, Wisconsin. You have collected historical data and have summarized it in the following graph:
"Suppose that over the last decade the consumption of chicken has increased. This means that the demand curve for chicken must have shifted to the right, maybe because people have become more health conscious and switched from red meat to chicken...
Why is the acquisition and building of the Panama Canal important to the U.S.? What is the Roosevelt Corollary and how does this impact American policy towards Latin America? Discuss, providing examples.
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