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Explain, as discussed in class, the advantages of, where possible, decentralizing government programs.
for each level of output calculate the variable cost vc. for each level of output except zero output calculate the
Suppose that the supply and demand for oil. Starting from a point where supply and demand are in equilibrium, describe with use of a diagram how a global recession is likely to affect equilibrium value and quantity of oil bought & sold.
Suppose honey is produced in a beehive using bees and sugar. Each honey producer uses one beehive which she rents for $30 per month. Producing q gallons of honey in one month requires spending 5q dollar bees and 2q^2 dollars on sugar. How much profit..
Some workers in the economy are paid a flat salary and some are paid by commission. Which of compensation scheme would require more monitoring by supervisors? In which case do firms have an incentive to pay more than the equilibrium level (as in the ..
Suppose that bicycles are produced by a perfectly competitive, constant cost industry. Which will have a larger effect on the long-run price of bicycles a government program to advertise the health benefits of bicycling.
What is the difference between string and StringBuilder? What are the advantages and disadvantages of a StringBuilder, and when should you use a StringBuilder over a simple string?
Discuss how government policies can influence economic growth. Analyze how monetary policy could influence the long-run behavior of price levels, inflation rates, costs, and other real or nominal variables.
List and discuss three economic justifications for government regulation in your local area. Explain what happens if the government does not provide appropriate regulation. Determine the costs on society of government regulation.
Assume the exchange rate is allowed to fluctuate freely. Using the IS-LM-IP model, graphically illustrate and explain what effect expansionary monetary policy will have on the domestic economy. In your graphs, clearly label all curves and equilibr..
Determine the steady state value of the per capita capital, k*, as a function of α, d, n and s and determine the golden rule quantity of capital per capita in country A, kgr, as a function of α, d, n and s.
1. Monetary policy could influence the long-run behavior of price levels, inflation rates, costs, and other real or nominal variables 2. Trade deficits or surpluses can influence the growth of productivity and GDP.
Explain how it affected the components of GDP and why. What happened to other macroeconomic variables? Eg interest rates.
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