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How are economic institutions related to political institutions?
How might political economy help explain
World War I?
What were the human costs of the war? The economic costs?
The Sequester is probably a bad idea. Use the IS-MP model to explain what should happen to the economy if the government cuts spending by 1 percentage point of potential GDP.
Suppose you have been tasked with regulating a single monopoly firm that sells 50-pound bags of concrete. The firm has fixed costs of $30 million per year and a variable cost of $4 per bag no matter how many bags are produced.a. If this firm kept on ..
A increase in the expected future domestic exchange rate causes the demand for domestic assets to ________ and the domestic currency to ________, everything else held constant.
A set of earmuffs has an NRR of 30 dBA, and a set of plugs has an NRR of 20dBA. Workers in a car factory are exposed to 110 dBA for 8hrs. Workers wearing the muffs take them off for half an hour each day while working due to discomfort whereas plug w..
What is the relationship between chicken and onions? What sign do we expect the Cross-price elasticity to have?
Suppose credible medical reports reveal previously unknown benefits of eating six-ounce portions of wild salmon, three times per week. These benefits include a significantly extended life span, improved health, a keener mind, and more dates. Use comp..
According to the neoclassical theory of distribution, a worker’s real wage reflects her productivity. Let’s use this insight to examine the incomes of two groups of workers: farmers and barbers. Let Wf and Wb be the nominal wages of farmers and barbe..
Congress does not have enough votes to override a veto. Draw a tree for this game and ?nd the rollback equilibrium.
What should the federal government do to promote long-run economic growth?
1. what does gross domestic product gdp tell us? how did gdp change from 2008? what caused these changes? what is real
The salesman is willing to cut the price by 10% if you pay cash. What is the interest rate you would pay by financing?
Elasticity! Here are five values for different types of elasticity. Assume that prices rose by 10% in the calculations for the price elasticity of demand.
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