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Question #1.
A) List the tools used by the Federal Reserve to expand and contract the money supply and clearly explain how they work.
B) Evaluate the effectiveness and efficiency of each tool and explain which are used the most often and why.
A manufacturer plans to open a new plant. The new plant will cost $4,000,000 to build and make ready for production. Company management believes that the plant will produce a net profit of $150,000 in the first year and that profit will increase 5% p..
Draw a market with a negative production externality. What kind of instrument (policy) do you use? What's its magnitude? What does the policy lead agents on both sides of the market to do?
McNair's Wheel of Retailing is a widely used model to describe the way in which retail outlets develop over time. In what ways does this model reflect reality? Can you think of situations where retailers do not follow this model?
If the interest rates are zero bound, compare the effect of an expansionary monetary and fiscal policy. Draw graphs to show these effects and also explain in words. (Hint: Don’t consider negative interest rates. If interest rate is zero, will monetar..
When does rate of inflation become a problem in the economy? Why do policymakers need to tame inflation (deflation) to stabilize prices? Sociology question: Construct a definition in your own words for the term "doing gender." What are some specific ..
Suppose the demand curve for a business firm is downward sloping. Which statement is true about elasticity (ED), marginal revenue (MR), and/or total revenue (TR)?
Analyze five aspects of the transaction, comparing the online experience to a traditional in-store experience. Discuss the advantages and disadvantages for each aspect of the online purchase. What ethical or legal issues do you recognize?
In defining development to include more than just the growth of per capita income, there is an implicit assumption that the growth of per capita income alone is not sufficient to guarantee the reduction of poverty and the growth of self-esteem. Is it..
Demand for microprocessors is given through P=35-5Q, where Q is the quantity of mircochips. The typical company total cost of manufacturing chips is Ci=5qi, where qi is the output of company i.
List out the distinct characteristics of a perfectly competitive labor market and compare them to the characteristics of monopsony.
To reduce Agency Problems, executive compensation should be designed to.
Consider the following: Clark was considered to have “thought out the concept of marginal utility and its influence on exchange value” without having read Jevons, even though Jevon’s had already published. Discuss how this affected his contributio..
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