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Questions:
1. How does the supporter of capitalism view the relationship between economic freedom and political freedom?
2. What is the major argument the critic of capitalism presents against the free-market system?
3. How does the supporter of capitalism believe the current system can be improved? How would the critic respond to these measures?
Suppose that I could sell 100 zercs over the next week for five dollars each. Two to produce this many I need $100 worth of wood, $50 worth of pliers steak and $30 worth of other material. I also need to hire two workers and pay them $75 each, And I ..
Identify whether the Fed should continue its current pace of security purchases, and indicate what “forward guidance” the Fed should issue now and why? Be specific in answering the question. Forward guidance is the specific language the Fed uses to i..
Twenty years after his first investment, how much money in total will he have in both the funds?
Contrast the views of of jeans-Baptiste Say and John maynard Keynes on the relationship between total income and tola spending I the economy?
For each of the following situations, decide whether the bundle Lakshani is considering optimal or not. If it is not optimal, how could Lakshani improve her overall level of utility? That is, determine which good she should spend more on and which go..
Volvo A.B., the Swedish auto rm, operated a car assembly plant at Uddevalla in 1988. The idea was to have a small team of highly skilled workers build an entire car. According to the pro- ponents, this would reduce the tedium associated with the conv..
Consider how each of the following events is likely to affect real GDP. Do you think the change in real GDP reflects a similar change in economic well-being?
If an electromagnet is installed on the input conveyor of a coal-processing plant, it will pick up scrap metal in the coal. Removing this scrap will save.
If the US were to triple the amount of food stamps and housing assistance, then the direct and immediate effect on US poverty rates as officially measured would be:
Gene has the following utility function: U = XY + 2Y, the Px = $4, the Py = $1 and I=$6. Is the MRSx,y increasing, decreasing, or constant with respect to X? What is the slope of the budget constraint? Find the optimal X and Y.
a. By what percentage did grain (rice, wheat and maize) consumption per capita increase between 1961 and 1980?
Briefly discuss the main economic motivation for Amazon implementing the plan to open operate over 1,000 new small warehouse facilities throughout the country?
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