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Democracies can be structured in a variety of ways. Let's take a moment to examine the difference between direct, representative, and social democracies. Who would like to explain their differences and provide an example of a country that utilizes each form?
1. economists have announced that the country is experiencing aninflationary gap. what economic symptoms or indicators
An airline transportation consultant offers the CEO of BlueStar, a struggling new commercial airline company, the following advice concerning the airline's high operating costs in the current quarter: "You don't have enough aircraft to operate eff..
You are a financial adviser to a U.S. corporation that expects to receive a payment of 40 million Japanese yen in 180 days for goods exported to Japan.
With the price floor at $0.17 per pound of cheese, producers sell 212.5 billion pounds of cheese (some to consumers and some to the USDA). How much producer surplus is created now?
Suppose Japan agreed to a voluntary export restriction which reduced US imports of Japanese steel by 10 percent. What would be the likely short-run effects of that VER on the U.S..
Oligopoly is a common form of big business in America. Automobiles, soft drinks, fast food franchises, cigarettes, beer, and cell phone services all fall into the category of oligopoly.
In 1994 during the debate over national health insurance, First Lady Hillary Clinton accused insurance companies of "making profits at the expense of their customers." Do you agree? Can you provide some examples of medical insurance companies be..
The cost of capturing and storing all CO2 produced by coal-fired electricity generating plants during the next 200 years has been estimated to be $1.8 trillion. At an interest rate of 10% per year compounded monthly, what is the equivalent annual wor..
If the desired fiscal stimulus is $20 billion and the desired AD increase is $50 billion, we can conclude that the MPC is:
matt and johnny both purchase pop and chips at the same convenience store. they have different tastes for pop and chips
Ilkka’s income is $120 and he spends it on two goods, X and Y. His utility function is U = XY. Both X and Y sells for $2 per unit.
Why are most environmental resources un-priced (or under-priced) and what are the consequences of this? Is it important for the prices of goods to reflect their true costs of production?
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