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Question
1. Explain in your own words, why Macroeconomics is useful to look at apart from Microeconomics.
2. What are the three basic indicators that measure the health of the economy?
3. If you could only pick two economic indicators out of the three to examine, which two would you use and why?
4. If you could add a fourth indicator of well-being for the economy, what would it be and why?
Ivan owns a small boat and catches shrimps off the Redondo Beach. Find Ivan's short-run supply curve for shrimps
explain how the us government managed to accumulate a debt of over 14 trillion. to whom does it owe this debt? is the
Discuss this - but use some supply and demand terminology - determinants of each, laws of each, etc., Bring in other examples you can think of - discuss those.
It is often argued that this policy increases the technological capability of American producers relative to that of foreign firms. Is this argument consistent with your classification of basic research in part (a)?
Explain the implications of marginal cost pricing and average cost pricing. Why are these important results in a purely competitive industry? Explain.
What would be your take on those that say that the MNC'S gain too much power in the host countries? How would you address this issue if you were in control?
What are the main characteristics of an oligopoly? Give an example of an industry with an oligopolistic structure. What are the firms in this industry?
Calculate the unemployment rate in Country X. Show your work. Calculate the labor force participation rate in Country X. Show your work.
Assume a society manufacture only guns and butter. When it uses all its resources for the production of guns and operates efficiently, it can manufacture 240 guns a year.
Early Classical economists found following diamond or water paradox perplexing: Why is water, which is so useful and so necessary, so cheap.
How does Real Growth GDP impact on inflation, unemployment, exchange, real interest and NX (net export) rate
Could a homozygous brown-eyed man and a blue-eyed woman have a blue-eyed daughter? Why?
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