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Describe an example from your own experiences of where you could have completed an entire project (either personally or professionally) by yourself, but you benefited from specializing in part of the project and trading with others to get the rest of the project completed. How does this relate to what you have learned in this unit?
Why a government that wants to increase tax revenue would like to tax cigarettes
A topic of research should be chosen. It can be either a research paper or a startup concept. Once the topic is finalized, the draft research questions (based o
What is the mechanism in the Solow model that generates growth? Why is this an appealing mechanism? Why does it fail to deliver economic growth in the long run
Consider a city where a new automobile factory is scheduled to open. The factory will employ 1,000 people, and the city's employment multiplier for the automobile industry is 2.5. The city's elasticity of labor supply is 1.8, and its elasticity of la..
Governments sometimes try to change government spending or taxes to affect real output and the price level. If the government wants to use either government spending or taxes paid by households to increase aggregate demand, how should G change and ho..
If short term interest rates are lowered to approximate zero percent, how does this impact the Bond Yield Curve (is it normal or inverted).
With your words, provide a description of classes, methods and properties. In your description, be sure to provide at least one example for each class
Why does Robert Reich refer to wealthy people, politicians, lobbyists, and large corporations as "economic bullies"? How do you feel about this issue and its importance to our economy now that you understand it better? What do you feel needs to be do..
What is the liquidity function? How can you determine the equilibrium GDP?
Levi’s has an advertising slogan: “Quality never goes out of style.” Consumers can buy other kinds of jeans, including off-brands. The manufacturers of off-brand, or generic, jeans do not advertise. Create a graph showing the price (labeled as P1) th..
A public water utility is comparing two separate pricing schemes: a two-tiered pricing scheme where the first 5,000 gallons cost $20 and all subsequent gallons cost $10 or a single price of $15 per gallon. Under scheme, how much water is purchased by..
Can the software industry contain and control software piracy? Should governments take a more active role in negotiating with the governments of countries with high piracy rates?
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