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Comparing U.S. trade with Canada and India, is trade with Canada more likely to be based on comparative advantage or economies of scale? Why? How about India?
A consumer has $100 per day to spend on good X, which has a unit price of $5, and good Y, which has a unit price of $15. What is the slope of the budget line if good X is on the horizontal axis and good Y is on the vertical axis?
Do you think there is too much emphasis on dieting in the United States and not enough emphasis on physical activity? What could be done to inspire Americans to become more physically active?
Consider a bond that promises to pay $100 in one year. a. What is the interest rate on the bond if its price today is $75? $85? $95? b. What is the relation between the price of the bond and the interest rate? c. If the interest rate is 8%, what is t..
The Economist magazine uses prices of McDonald's Big Mac hamburger to calculate the PP values for currencies. The following data are taken the January 2015 Big Max Index.Bug Mac Price in Local CurrencyUS USD$4.79
What are the three macroeconomic goals? Find an article that shows a connection between a current event and two of the three macroeconomic goals.
Explain how does the economy effect the Airline Industry. What are economic influences that affect the industry in a negative way.
Bow Wow Bazaar is a increasing company specializing in gourmet dog food and supplies in Florida resort communities. BWB's demand and cost information are as follows:
Assume a merger of company would simultaneously lessen competition and reduce unit costs through economies of scale.
What is the wage rate, or price of labor services, that is set when the supply of workers meet the demand for workers in the labor market.
What is inflation and What are the causes of inflation? Is inflation desirable and what can be done to control inflation in a market economy?
What are the advantages and disadvantages of breaking up these sport cartels? Explain.
Assume you were doing lunch with your best friend who just enrolled in an economics class. He was complaining about how irrelevant the class was,
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