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Suppose there are two very similar countries Both countries have the same population and neither is experiencing population growth (that is, N is identical and constant in both countries), they both depreciate capital at the same rate (d), they both saveat the same saving rate (s), and there is no technological progress in either country.
Suppose that we observe that Country A currently has twice the amount of capital that Country B has. True or false. If Country A is in steady state, country B is not in steady state.
In the long-run a firm will always earn zero economic profit, but it could have a positive accounting profit - calculate the dollar value of the consumer surplus if the firm is a monopolist equals
environmentalists argue that trade liberalization harms the environment. the decisions of the world trade organization
Which of the following both shift aggregate demand left? According to the short-run Phillips curve, if the central bank increases the money supply, then.
What are the most important qualities of good leaders? Are good managers also good leaders? What are some helpful strategies for dealing with a bad or difficult manager from a worker perspective?
Analyze two goods/services that you think are elastic and inelastic in your daily life that you have recently purchased or not when the price changes.
Analyze a monopoly, oligopoly, and monopolistically competitive firm that you have recently purchased/consumed a good or service.
Draw the new budget line and use the indifference curve to identify the change in quantity purchased and illustrate the income and substitution effects.
What is the equivalent taxable yield for an investor facing a 40% marginal tax rate, and who can purchase a tax-exempt municipal bond with a yield of 7.2?
Say you are the manager of a perfectly competitive firm selling a product. Your business is making a loss because total revenue is less than total costs. What would you do--shut down or continue to operate? How do fixed costs play a role in your an..
What problems of moral hazard and/or adverse selection arise in your dealings with each of the following? In each case, outline some appropriate incentive schemes and/or signalling and screening strategies to cope with these problems.
What is the negative consumption externality described in this quote? Show this externality on a correctly labelled demand and supply diagram for the petrol market.
What is the rationale behind the minimax regret rule What are some less formal and precise mehtods of dealing with uncertainty. When are these useful. How does the adverse selection problem arise in the credit-card market. To what complaint does ..
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