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How has the minimum wages or rent controls effected the economy of the country?
Explain what the minimum wage is an example of.
Explain what rent controls are an example of.
Discuss if you think the government should be involved in establishing laws for setting the minimum wages or rent controls.
Politicians do not always choose the ideal economic policy because some politicians are corrupt and greedy, and others are willing to sacrifice.
during the next four months a customer requires respectively 500 650 1000 and 700 units of a commodity and no
Find the market equilibrium price, PE, and market equilibrium quantity, QE. Now determine the value of producer surplus and consumer surplus at equilibrium.
suppose there are 4 people in an economy a b c and d. a is in love with b likes c and hates d. b is in love with c
One way governments have tried to collect taxes from the wealthy is through the use of luxury taxes. What is true about the demand for luxuries?
One feature of the financial crisis was that there were more severe credit market frictions - particularly asymmetric information and limited commitment.
Economic theory leads to the conclusion that, under certain circumstances, the free-market outcome is efficient. Specifically, an outcome is said to be efficient if:
The market volume for widgets is increasing by 15% per year from current profits of $200,000. Investing in a design change will allow the profit per widget.
Similarly, Fed reserve requirements are imposed on any loan from a U.S. bank's foreign branch to a U.S. resident, or on any asset purchase by the branch bank from its U.S. parent. What do you think is the rationale for these regulations?
Research and summarize an article on leasing versus buying for your small business. As a small business owner it is typically more beneficial to lease.
Imagine that you are considering starting a company and have decided that you need a partner. Propose how you would find that ideal person. Determine the pros and cons of the method you choose.
Go to the internet auction site eBay at www.ebay.com and pick the category Jewelry and Watches, followed by Loose Diamonds and Gemstones, and then Diamonds, Natural.
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