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Provide a brief description of China's real estate sector and its contribution to China's GDP. In your description please compare the reals estate sector and its contribution in any one other country in the world.
If employment in a country decreases when the economic activities of that nation declines, the relationship between employment and economic activities can be considered as which of the following?
Adam Smith favours a policy of laissez faire in managing economic activities. Why? Economics deals with the efficient use of resources? Why? Marginal analysis tends to produce more optimal outcomes when working with scarce resources. How?
You live in a world with two time periods. Your income is $100 in time period 1 and $150 in period 2. If the interest rate is 0.03 (3%), draw your inter temporal budget constraint. Now suppose current and future consumption are perfect complements yo..
Why the firm should hire more labor if the marginal product of labor is 75 unit of output and the wage is $15 and output sells for $0.80 per unit?
There are two types of electric pencil-sharpener producers. “High-quality” manufacturers produce very good sharpeners that consumers value at $14. “Low-quality” manufacturers produce less good ones that are valued at $8. Suppose that the sale of low-..
When the price of corn was "low," consumers in the United States spent a total of $8 billion annually on its consumption. When the price halved, consumer expenditures actually DECREASED to $6 billion annually. This indicates that:
Trade deficits always lead to future decreases in consumption if the trade deficits:
The composition of pennies is 95% copper and 5% zinc. Coper sells for $3.50 per pound and zinc for $1.00 per pound. It takes approximately 130 pennies to add up to the one pound of total weight. It cost the U.S. Mint $2 to produce 100 pennies. The U...
Now suppose that the interest rate falls to 50 percent, and the household decide not to borrow or lend at all. Is the household better off or worse off with the higher interest rate?
Find the monetary base. Please provide the authentic solution of this problem.
Explain the difference between the short-run and long-run Phillips curves. What do they imply about the tradeoff between inflation and unemployment in the short run and in the long run?
Compares interest rates available for savings accounts at different banks. what is the range of rates currently being offered? what is the best deal? Comparisons between credit cards. briefly explain the factors that are considered in the comparisons..
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