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Keyenes consumption function appears to explain consumption over the short run but not consumption over the long run - why?
The market for hog hats is competitive and demand is given through P=75-Q while supply is given by P=15+2Q. Determine the equilibrium price and quantity in this market?
Suppose that the nation with the initial PPF given in the table enjoys a technological breakthrough that enables it to double the production of tractors at each level of food production. Use a diagram to illustrate how economic growth is shown usin..
Who benefits from a tariff or quota. Illustrate what are the positives and negatives of protectionist trade policies on the federal government's part. Which policy is best right now.
Define the union wage gain and the union wage gap. Why should we care about the magnitude of the union wage gain? Why should we care about the magnitude of the union wage gap? Under what conditions will the union wage gap provide a reasonable est..
Assume the price of the futures contract changes as shown in the following table. Enter the relevant information into the table. Show your calculations.
How did the policies for manufacturers of automobiles evolve? For example, what influences do the following organizations have on business owners, and what is their history?
Explain why do some economists argue that reduction in the rate of taxation and capital gains can actually increase tax revenue collected from such gains.
You are a designer of children's clothing and decide to open a children's clothing store. You find a nice space in a local mall and agree to sign a one-year lease agreement that runs from September 1 to August 31.
A university has 2 input variables, professors and staff. When it recently hired a new professor, the number of students increased by 3 per day. Then it added a new staff, and the number of students per day increased by 2. Professors cost $300,0..
Suppose Big country can produce 80 units of X by using all its resources to produce X or 60 units of Y devoting all its resources to Y. Comparable figures for small Nation are 60 units of X and 60 units of Y.
Kindle tablet vs Ipad 2. There is rumor on the market that Amazon will release a new tablet device called Amazon Kindle, which will become a competitor of Ipad 2 from Apple. Let us consider a sequential game based on this story.
Describe two types of specialization in production. What are the economic advantages of specialization and what are political business cycles, and how could they be created?
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