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Is the GDP Still Accurate in the Digital Age?
Should we continue to measure GDP as we do now? If you don't think it should be changed, explain your reasoning. If you think it should be changed, what changes would you recommend, and why?
List three reasons that firms exist. Do any of the reasons imply that the command and control of centrally planned economies is the appropriate form? What are the similarities and differences between firms and centrally planned economies?
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You have $12,500 to invest and you are considering investing in Fund X. The fund charges a fron-end load of 3% and an annual expense fee of 2.25% of the ending asset value over the year. You believe the funds gross rate of return will be 8% per year...
Describe how you would determine the appropriate time to harvest the entire crop of shrimp.
Assume which all other banks hold only the required amount of reserves. If Nan Bank Inc. decides to reduce its reserves to only the required amount, by how much would the economy's funds provide increase.
According to Boix and his theory regarding income inequality, describe the mechanism by which inequality has an effect on the likelihood of democratization?
Discuss the major challenges you would face in running such a business and how you would expect to overcome them. Provide specific examples to support your response.
Draw the cash flow diagram for City Utilities if it borrows $50K to be repaid over 10 years at an interest rate of 4% and:
Suppose the own price elasticity of market demand for retail gasoline is -0.5, the Rothschild index is 0.4, and a typical gasoline retailer enjoys sales of $1,550,000 annually. What is the price elasticity of demand for a representative gasoline reta..
Interior Department recently announced that it will increase the entrance fees at Yellowstone National Park in order to increase park revenues.
Explain how, in a barter economy, a toilet paper manufacturer would have a little easier time bartering compared to or a guitar maker?
Assume that two firms sell differentiated products and face the following demand curves: = 15 − + 0.5 and = 15 − + 0.5 (Assume that the marginal cost is zero) Derive the best response function for each firm. Do these indicate that prices are strategi..
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