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1- Can trade and exchange occur within the firm without the exsitence of private property rights? If individual property rights are necessary for econmic success, how might the firm allow property rights?
2- Consider illegal immigration. How would illegal immigration be affected if all countries had property ownership rights as well defined as in the U.S.?
3- Consider the following statement by Charles Wheelan, author of the Naked Economist: "The problem with Asian sweatshops is that there are not enough of them".How is Wheelan's statement illustrative of fundamental economic concepts?
4- Describe the types of information that market prices provide.
How many skateboards should be manufactured? Why?
The notion of sustainability is not the same in the natural sciences as in economics. In the natural sciences, sustainability frequently means maintaining a constant physical flow of each and every resource (e.g., fish from the sea or wood from the f..
Indirect finance is more important than direct finance in most countries in part because of information costs associated with lending. Explain why are financial intermediaries relatively more effective at reducing these costs
llustrate what happens to the money supply. Elucidate how would this change the incentive structure facing depository institutions.
Policymakers will seek to cure an economy suffering from demand-pull inflation by:
Which is more economical, a plant with a payroll of $400 a week, with $100 of overhead, and with an output of 100 units per week, or a plant with a payroll of $80,000 a week, an overhead of $100,000 a week, and an output of 50,000 units per week? How..
The Federal Reserve Bank controls the money supply and interest rates in the United States. In your informed opinion, has it done a good or a bad job over the last decade? Why? What could it or should it have done differently? Why? Consider the ethic..
Does this event increase or decrease demand and/or supply? How does this change in demand and/or supply affect the equilibrium prices and quantity in the market? In other words, do they increase or decrease? Find the new equilibrium and compare it wi..
A client for whom you have prepared the current tax return approaches you for advice and support for an audit covering the last five returns. You were not involved in the preparation of the previous four.
A college student has been looking for tires and has found the following: Tire Warranty for Tire A is 6 months at a price per tire of $31.59. What is MONTHLY worth/cost of Tire A if we consider annual interest rates are at 10%?
Swenson Co. announced its merger plans on August 25 and had a daily return of 0.8 percent. Tyler Co. announced its merger plans on August 26 and had a daily return of 0.6 percent. The Underwood Co. announced its merger plans on August 27 and had a da..
Suppose that two price-quantity demanded combinations for some product are ($1.20, 90 units) and ($0.80, 110 units). Using the mid points variation of the arc own price elasticity of demand formula, calculate the coefficient of elasticity for both..
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