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a- List and describe the four types of unemployment.
b- Using the expenditure approach, give an equation for GDP. Now explain it.
c- If the CPI for 2006 was 170 and the CPI for 2007 is 204, what is the current inflation rate?
Suppose you purchase a five-year asset that costs 12k in year zero and your tax rate is 50%. Assuming no other changes in revenue or costs, what is the year zero net cash flow?
You are the manager of a firm that receives revenues of $60,000 per year from product X and $80,000 per year from product Y. The own price elasticity of demand for product X is -1.5, and the cross-price elasticity of demand between product Y and X is..
Fixed costs are costs that _______ in total, but ______ as the business activity level changes
To measure risk, the capital asset pricing model uses
Val-lok Industries manufactures miniature fittings and valves. The company bought a new machine with $8,000 to improve process efficiency. After 3 year useful life, it will be sold out for $2,500. Prepare a table showing the depreciation expense and ..
How many popsicles will be sold/supplied each day in the short run if the price rises to $4 each per day
Think of a business firm you recently visited (such as Walmart, Home Depot, Red Lobster, Barnes & Noble, McDonalds, etc.). What motivated the producers of all the individual products in the store to make them and offer them for sale? How did the prod..
What are definitions for Social Democracy, Communism, Mercantilism, Institution, Informal Institution, Formal Institution?
You have four equally weighted tests in a course and your test average in the class has fallen from 90 to 88 to 84 to 81 where is it now. What score did you grt on each exam? You have a final left that is weighted the same as the other tests. What is..
How would an economist respond to the opinions expressed in this documentary? What aspects of the current food system would an economist view as a positive development?
You are the manager of a firm that receives revenues of $60,000 per year from product X and $90,000 per year from product Y. The own price elasticity of demand for product X is -1, and the cross-price elasticity of demand between product Y and X is 1..
The EZ Credit Company offers to loan a college student $6,200 for school expenses. Repayment of the loan will be in monthly instalments of $382.95 for 18 months. The total repayment of money is $6,893.10, which includes the original $6,200, $1,234.72..
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