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Your economics professor assigns a group project for the course. Describe the free-rider problem that can lead to a suboptimal outcome for your group. To combat this problem, the instructor asks you to evaluate the contribution of your peers in a confidential report. Will this evaluation have the desired effects?
Public goods are often thought to be goods or services that are provided by the government, but that is confusing cause and effect. What are the characteristics of a public good? Hint: Who provides the public good is not one of the characteristics. Consider open educational resources (OER), for example, open textbooks. Make a case for why OER can be considered public goods. Hint: Who covers the cost of providing these products and why is that relevant to your answer?
Use the IS-LM model in a closed economy to describe the short-run and long-run effects of an increase in taxes on national income
How should a monopsonist decide how much of a product to buy? Will it buy more or less than a competitive buyer? Explain briefly.
What value of "C" make the deposit series equivalent to the withdrawal series at an interest rate of 9% compounded annually?
From the scenario for Katrina's Candies, assuming the absence of quantitative data, determine the qualitative forecasting techniques that could be used.
One of the major reasons that foreign expatriates have difficulty doing business in the United States is that they do not understand American slang. For U.S. companies going abored for the first time, which forms of nonverbal communication barrier, w..
Which of the forces threatens the profitability of major movie theaters? What level of competition can be anticipated among industry rivals?
What do you imagine about the interest on payday loans is too high or just right.
Have you ever gone tubing with a group of friends or rafting on a lake? Does everyone keep drifting apart? Do the ropes or bungee cords you use to connect keep getting hung up or tangled? Entrepreneurs try to build competitive advantages for their bu..
What is the 99% confidence interval? What is the new critical value for this calculation?
Landlords have been known to place bricks in the water tanks of toilets to economize water when price rises. Therefore, bricks are substitutes for water in this context.
Classify the following topics as relating to microeconomics or macroeconomics.
What is the semi-annual yield of a bond which costs $750 today, pays $25 in interest semiannually, and matures at the end of 10 years.
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