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Q1. The standard of living for the poorest third of the world is falling behind the standard for the rest of the world also is not improving very quickly. Aside from those listed in the text, illustrate what are some other factors that might influence the economic status of such countries? Illustrate what measures could be taken to improve these situations?
Q2. Consider the general equilibrium model on local public goods that we discussed in class. We found that the optimal population size is reached whenever f '(N) = X where f '(N) is the marginal product of the last person who immigrates; also X is this person's consumption of the private good. Briefly explain the intuition behind this equation.
Evaluate Rusal's prediction by using the demand and supply equations to make a prediction about the movement of world aluminum price.
Each customer purchases their smoothie at the store where the total cost, i.e. price of smoothie plus travel cost, is the lowest.
Explain how high must the deductible be to encourage low-risk behavior
Given your understanding of bond markets, what signals is the the bond market sending in response to the downgrade. Is this problematic.
Suppose at the current level of labor used, the MRP = $100 and the MFC = $50. Elucidate the maximize profits
Explain the solution to the firm's cost-minimization difficulty ever occur off the iso-quant representing the required level of output.
A state government wants to provide incentives for single parents to enter the labor market and become engaged.
Does the lender gain or lose from this unexpectedly high inflation. Explain does borrower gain or lose.
Describe the organizational structure of your selected organization. Evaluate and difference that structure with two different organizational structures.
You believe that there is an equally likely chance that this information will either double expected chances of finding a well, or inform you for certain that the area is not commercial.
What amount of equity method income would Russell recognize in 2013 from its ownership interest in Thacker.
What are some examples of behavior that at one time wire victimless crimes that are no longer criminal.
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