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Q1. During the recession of 2008 2009, the Detroit urban area had very considerable unemployment which is the highest in the nation for any area with more than a million residents. What kind of unemployment cyclical, structure, frictional do you think this is? Remember that the Detroit area is home to the U.S. auto industry
Q2. Is the following statement True, False, or Uncertain? Explain. "."
Determine the cost to the government of buying firms unsold units
Calculate the following: Rate of Return and Calculate the following: Net Present Value Index
Explain the paradox of why new cars usually lose a large fraction of their market value the moment they are driven from the showroom. Identify the economic principle that explains this paradox.
Assuming oranges operate in a perfectly competitive market, use a well-labeled demand and supply model to explain how market equilibrium price of oranges is determined.
Explain the steps that would be used to conduct a Benefit-Cost Analysis of a government policy to alleviate the problem.
Suppose a politician promises a program that will give Amanda and Britney 70 units of utility for each.
How many Argentine pesos would it cost given the new exchange rate you just calculated.
Explain the concept behind the governments TARP program and the ensuing stimulus packages that were implemented.
Suppose each of the five sellers can supply at most one unit of the good. Elucidate the price when market quantity supplied is exactly 3.
Contrast two or three key economic factors for this country with the United State economy also comment.
Describe absolute and comparative advantage. Explain the influences affecting foreign exchange rates.
Determine the quantity demanded, the quantity supplied, and the magnitude
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