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What are the differences between macroeconomics and microeconomics?
What are unemployment and inflation and how do these concepts relate to economic growth?
The elasticity concepts, price, income, and cross price can all be applied to everyday purchasing of goods and services. Give examples of how each applies to your own purchasing of goods and services. Be sure to include examples of how to apply numer..
There are 2 fishermen, Zach and Jacob, who fish along a certain coast. Both would benefit if lighthouses were built along the coast where they fish. The marginal cost of building each additional lighthouse is $25. The demand curves for lighthouses ar..
The globalization of multinational corporations impacts the product and service choices available to customers. As such, several classifications and rankings of multinational corporations are prepared by a variety of sources. Find the Global 2000 ran..
In reaction to the growing Western influence in China, a secret society known as the Boxers waged a violent uprising. How do reactionary movements, such as the Boxer Rebellion, begin? Are they ever justified in resorting to violence to achieve their ..
What is the duopoly Cournot equilibrium - that is, the quantities produced by each firm - if the market demand function is q(p) = 1000 minus 1000p, and each firm has a cost of dollar0.28 per unit?
Suppose that your company bought a product for $200,000 and put it in service in 2015. The product you bought will be depreciated with the GDS using half-year convention. The cost basis for the product is $200,000. If we assume that this product is a..
Explain, based on the given information about the economy, whether the current situation for the economy is Pareto efficient or not.
The Federal Reserve policy known as “Quantitative Easing” or QE is the Fed
Assume quantity theory of money holds with constant K and Kf. Suppose Mexico wants to stabilize the exchange rate of its currency with US dollar (dollars/peso). If US is running a 5% inflation rate solely due to the increase of money supply, what is ..
The total civilian labor force is comprised of
Illustrate what would be the effect of poor weather on the consumer surplus, producer surplus, deadweight loss.
Suppose that the economy price level is 100, the quantity demanded of Real GDP in short-run is $4,000 billion and quantity supplied is $4,000 billion. find the output gap in percentage points?
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