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Julius Caesar and J.P. Morgan were both wealthy and powerful men. What is the difference in the origins of their wealth and their power? Does power still follow wealth in modern economic societies? Does wealth still follow power in nonmarket societies?
What differences if any, characterize the economic attitudes and behavior of the American farmer and the American businessperson? Can this comparison also describe the behavior and attitude of the Egyptian peasant and the Egyptian merchant? What accounts for the difference between the two societies?
Why does the short run Aggregate Supply Curve slope upward? Why does the long run Aggregate Supply Curve a vertical line at potential GDP? Why is there a difference between the long run and the short run when looking at the Aggregate Supply curve?
How is the fact that more low-income families are sending daughters, rather than sons, so college likely to affect the female income gap in the future? Why do you think economists argue that the female wage gap will not entirely disappear unless wome..
Consider a monopolist who faces the following market demand curve: Q = 100 – 0.5 p, 0 ≤ p ≤ 200 = 0, p > 200. The monopolist’s cost function is TC(Q) = 20 Q + Q2. What is the profit maximized uniform price? Calculate the profit at the price obtained ..
Give an example of an event in the last few years where the actions in the event increased our (U.S.A.) GDP number
Suppose the own price elasticity of demand for good X is -2, its income elasticity is 3, its advertising elasticity is 2, and the cross-price elasticity of demand between it and good Y is -4. Determine how much the consumption of this good will chang..
It is no secret that China has a large trade surplus with the United States. Our open and large markets are very attractive to manufacturers all across the globe. Is it in the long run interest of the United States to maintain such trade deficits? Is..
Suppose you are employed by a medium-sized business that has to this point decided not to use remote access solutions.
Discuss the importance of consumers and the community in health services.
The Federal Reserve has various tools to influence the economy in the short-term.
An agricultural firm has a production function (products of the whole year) given by q=500sqty(SF) q is output of agricultural products in pounds. S is land area in square feet. F is number of farmers working. Find the best way to produce 5000 pounds..
Calculate the equilibrium level of employment:
What methods does Dell use to leverage Internet marketing? What is the purpose of opt-in email? What are some ways Amazon takes advantage of Internet advertising?
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