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Which of the four government policies to stimulate saving is essential? That is, which policy can on its own, regardless of the other policies, determine the level of the national saving rate?
How does the centrality of institutions and property rights in economic growth help to explain the predominance of rich countries in temperate climates and of poor countries in the tropics?
Suppose a wave of immigration increases the number of workers in research and development without altering the labor input in production. Describe the impact on the level and growth rate of output per worker, immediately, and as time passes.
Identify an example of a recent price adjustment. This can be a new sale price, a price increase or a special offer. What was the influence of competitors before the price adjustment? What are the actions taken by competitors after the price adjustme..
Periodic outlays for inventory control software at Baron Chemicals are expected to be $280,000 immediately, $280,000 in 1 year, and $200,000 in 2 years. What is the present worth of the costs at an interest rate of 3.92% per year, compounded continuo..
Confronted with an adverse supply shock, an economy with rigid wages and prices would suffer
U.S. Federal government agencies generally publish proposed regulations before the implement them. They are published in the Federal Register. Can you find a proposed regulation relating to health care and discuss what the purpose and policy of that ..
How would you characterize the competition (market structure) in the restaurant industry? Are there submarkets? If so, do these submarkets have distinct competitive pressures? How may a restaurant maximize profits?
Explain why excise taxes are more effective at raising tax revenues when applied to products with price inelastic demand versus ones with price elastic demand. Under what conditions would it be possible for tax revenues to decline with higher excise ..
Do GDP measure measurements correct fo r the social cost of environmental pollution
You work for a nonprofit organization that promotes after-school tutoring for middle school children, and your coworker has asked you to help him determine the equation for the supply of tutoring in a particular neighborhood. He states that his resea..
Show graphically and explain why the imposition of a minimum wage results in both winner and losers in the labor market. On your graph identify the gains to the winners and the losses to the losers.
Will it shift more towards developed country with better technology? Is a country that have better technology now will have the competitive advantage?
The figure below describes the events following the 2001 Enron scandal. In this highly publicized case, the prosecutors adopted
Joey, injured in an automobile accident, won a judgment that provides him $1,500 at the end of each 6-month period over the next 6 years.
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