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The American government, in the 1780s, could not pay its debts. Actually, it was worse than that: the national government had trouble even making regular interest payments on these debts. So...what was the problem? Why was it so difficult for the American government to be financially responsible after the Revolution? Also, did this even matter? In other words, why not just ignore the debt and move on?
Kyle is a college student who owns a painting business during the summer. He earns $4,000 in revenues from his paining business and he spent $1,000 in painting supplies. What is Kyle's accounting profit? Is Kyle’s economic profit higher or lower than..
What effect should each of the following have upon the demand for portable music players in a competitive market? Explain your reasoning in each case.
Suppose that in a particular country, GDP per capita was $ 10,000 in 1960 and $ 40,000 in 2008. Using the rule of 72 (not a calculator), approximate the annual growth rate of GDP per capita.
In the 2000's what were the main goods and services the United States traded internationally? What trade barriers were in place during that decade? What are two pros and two cons of the trade barriers used?
What are some socially undesirable effects of a monopoly industry (which means a single firm) producing less output than a similar competitive industry? How do you feel about the excess profits of a monopolist over more benefits to consumers? Provide..
Calculate the multifactor productivity for this operation in fees generated per dollar of input
Describe the growth of the economic role of the federal government since the 1930s. Give two examples of public goods or services that you use. If you could order a cut of $100 billion in federal spending, which programs would you cut and why would y..
Each student will create a detailed, organized, unified technical solution given the scenario described below. The submission will be in a written format, with at least one diagram, and may include additional diagrams, charts or tables. The assign..
What makes it conceivable for a country to experience constant debt to GDP ratio and at the same time experience continual government budget deficits is: Government budget surplus or deficit is: A rise in the government budget deficit will have a :
If the market price stays the same, but the fixed costs of the firm increase so that the total cost function becomes: TC = 18 + 17 Q - 4 Q2 + Q3 What will be the profit-maximizing level of output? Will the firm earn a profit, and if so, how much?
What is moral leadership? What are the different types of organizational goals? What are follower-centered approaches to leadership? GIVE EXAMPLES.
Gomez runs a small pottery firm. He hires one part-time worker at $12,000 per year, pays annual rent of $5,000. for his shop and spends $20,000. per year on materials. Gomez has $40,000 of his own funds invested in equipment (pottery wheels and kilns..
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