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Assignment:
Question - How can such a small country as Luxembourg have a Per Capita GDP greater than the United States? In your answer both make clear the concept of Per Capita GDP as well as provide some background information, from the internet, about Luxembourg.
suppose there are two types of people who need health insurance high-risk and low-risk consumers. high-risk consumers
In effect, the CRA and the actions of Fannie Mae and Freddie Mac acted to subsidize home purchases by people who otherwise would not have purchased houses. All subsidies must be financed by taxes, implicit or explicit on someone.
Suppose that the individual spends some of his income on good X and the rest of his income on the other goods (shown on Y-axis).
You are a leading business executive for the following type of company: Pharmaceutical manufacturer.
Consider the following firm with the production function Q=F(L)=2L^1/2. L=labor. Wage w=12. Fixed costs are FC=500(sunk cost). Derive the short run cost function. Graph this function using excel.
The GDP deflator equals to
Using the data in the table and on your graph, what is the profit maximizing, or loss minimizing level of output? Explain and justify your answers
At West, a restaurant in Vancouver, reservations are essential. At Cibo, a restaurant in downtown Vancouver, reservations are recommended.
If the real wage rate is at the full-employment equilibrium level, real GDP is. equal to potential GDP, which is efficient but is not the most.
Define economies of scale. Is there evidence of economies of scale in the airline industry. Consider Low-Cost-Carriers. In large commercial aircraft manufacturing
Suppose the velocity of money is constant and potential output grows by 3% per year. By what percentage should the money supply grow in order to achieve.
How does this help explain why workers are reluctant to quickly move on to a new career when they get laid off?
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