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Define "modern economic growth" and explain the institutional structures needed for an economy to experience it.
Identify the general supply, demand, and efficiency forces that give rise to economic growth.
Describe "growth accounting" and the specific factors accounting for economic growth in the United States.
Explain why the trend rate of U.S. productivity growth has increased since the earlier 1973.
"Cultures around the world are becoming increasingly similar, so companies should standardize both their products and global marketing efforts." Do you agree or disagree with this reasoning? Are there certain industries for which it might be more ..
If there is a permanent adverse supply shock
Philosopher Robert Nozick makes the argument that taxation is akin to forced labor. If a person is required to work for the benefit of others against his or her will, then Nozick suggests the labor is forced. By imposing taxation on people, the U.S. ..
"The problem with our democratic institutions is that they dont correctly reflect the will of the people! If the people rather than self-interested politicians or lobbyists- had control, we wouldnt have to worry about government taking actions that d..
Explain the 3 different cases where utility is maximized when you have perfect substitutes. Include a graph for each. (Hint: consider slopes.)
A recession? How would your decision change if your firm's plant and equipment needed to be replaced? What if plant and equipment were new?
Demand curve is d1, what will be the change in her revenue. If her demand curve is d2 what will be the change in her revenue.
Can you identify the consequences of a strong dollar or a weak dollar in the United States? Which direction do you prefer for the overall health of the American economy? Should the U.S. take measure to ensure that the dollar retains its dominant role..
In your textbook, there are three methods described that most Americans use to evaluate political developments such as ObamaCare. Using those three methods, describe how someone could come to the conclusion that he or she is against ObamaCare.
Consider the following sequential game between firm 1 and firm 2. First, firm 1 decides to adopt either technology A or technology B. Firm 2 observes firm 1's decision and then also decides between technology A or technology B. The profits (in thousa..
How is an investor's choice of which security to purchase related to his degree of risk aversion?
Which industry is more highly concentrated: one with a Herfindahl index of 1,200 or one with a four-firm concentration ratio of 55 percent?
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