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1. Assume the quantity of baseball bats sold and the number of street crimes have both been increasing over the last 10 years. Draw a graph showing their relationship. Use these two events to highlight the difference between the concepts of correlation and causation.
2. The government has received the following advice from economists, "Decreasing business tax should be a major priority of any government and a youth wage subsidy of 25 percent will reduce youth unemployment by 4 percent." Identify and explain the two types of economic statements in the advice provided to the government.
In the 2008 global financial crisis, many investors considered the U.S. economy a safe place to move their assets.
You set up a Bull Spread on 100 shares of Home Depot using one $82 put @ $13.43 and one $96 put @ $23.27.
Yearly labor costs of a highway maintenance group are currently $420,000/year. If labor costs increase at a 12% rate and general inflation increases at 9%, determine for each of the next 6 years the labor cost in then-current and constant dollars.
Illustrate what would happen if too more labor is hired without an addition to capital. Elucidate using economic terms.
What are the shortcomings of GDP as a measure of economic welfare? Discuss 3 other social indicators that can be used with GDP to measure welfare.
Do you think that the developing countries should be given special, favorable treatment in multilateral trade negotiations? Why or why not? Has such treatment been given to developing countries in the past? Explain.
Using lists (bullets and numbers) in documents
Look at consumer economics from the global perspective, and list five issues or areas of concern that require international cooperation.
When a functional structure is combined with a project structure, the resulting structure is called a ___ structure. Strengths and weaknesses are the external factors of a company SWOT analysis. A key technique for increasing employee motivation is. ..
How is the Unemployment Rate Calculated? Why is it important to know about the Unemployment Rate in studying Macroeconomics?
Describe and label substitution effect and income effect. How has welfare of representative consumer in Peru changed with increasing world relative prices.
Welfare effects of a tariff in a small country Suppose Guatemala is open to free trade in the world market for soybeans. Because of Guatemala's small size, the demand for and supply of soybeans in Guatemala do not affect the world price.
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