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Would you rather have the forces of demand and supply determine the price of gasoline which you pay at the pump, or would you prefer a government mandated price ceiling? What problems would a price ceiling on gasoline bring?
There are two different schools of thought on how to lower gasoline prices and reduce US dependence on foreign oil.
1. Increase SUPPLY of oil (drilling offshore)
2. Decrease DEMAND (finding alternatives to oil).
Graph how these two changes will bring about lower gas prices. Which school of thought do you subscribe to?
What services do you predict Bangalore India exports and what services do you predict it imports.
Elucidate the way in which short-run AFC, AVC, ATC also MC vary as the output of the firm increases.
What are the four roles that states can play in negotiated global environmental regimes? What determines what role a state might play? Why do states sometimes shift roles?
make a recommendation to your neighbor based on convincing economic analysis.
The wage in Mexico is $5. The wage in the U.S. is $20. Given current employment, the marginal product of the last worker in Mexico is 100, and the marginal product of the last worker in the U.S. is 500.
what is lowest price that will induce firms to supply output. Suppose PI = $40, F = 50 and demand function is Qd = 700! 6P, n if government sets a price of $50 what will be result.
Explain how does the price elasticity of demand for corn oil influence the quantity-demanded of corn oil and the Total Revenue earned by sellers of corn oil
If the taxes are set so that each resident shares the cost evenly (a=b=c), how so many paths will get built.
Illustrate what economic decision makers determine the demand for labor. What is their goal, and what decision criteria do they use in trying to reach that goal.
If the prices of gold and other commodities increases how will this influence the value of rand. Explain how will a depreciation of the rand influence our exports and imports.
What do you understand Spencer and Kate are the only two demanders of lemonade.
How big should hash table be to ensure a mean hash chain length of less than 1. Assume that hash table size is a power of two.
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