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Please describe in detail the main ideas in Confucianism (the Analects) about government, society--what is the function of government, the king... (virtue/humanity, harmony, ritual, moral code governing human relationships from the family to the state) during the Chou dynasty
What are the advantages and disadvantages of using a distributed vs. centralized database design?
How does the price elasticity of a good or service affect who pays a tax on it? the buyer? or seller? Please explain in details with example.
Assume you just deposited $1000 into a bank account. The current real interest rate is 2?%, and inflation is expected to be 7?% over the next year. What nominal rate would you require from the bank over the next? year?
Illustrate what would be the opportunity cost of x had the economy efficiently produced 10 units of y? Can the economy efficiently produce these quantities.
Beta Industries manufactures floppy disks that consumers perceive as identical to those produced by numerous other manufacturers. Recently, Beta hired an econometrician to estimate its cost function for producing boxes of one dozen floppy disks. The ..
Firm C produces 1,000 pounds of cotton at a cost of 50 cents per pound. They sell all of the cotton to Firm S for 75 cents per pound. Firm S makes 1,000 t-shirts with the cotton for a total cost of $1.50 per t-shirt. They sell all of the shirts to Fi..
Compute the certainty equivalent of his bet. Calculate the Arrow-Pratt measure of absolute and relative risk aversion.
Assume that you have been appointed as the Speaker of the House. You must deliver a speech about the current state of the U.S. macroeconomy to a number of amateur reporters who are unfamiliar with economics.
Illustrate what would it raise more money than today, less money, or the same amount of money.
The supply of Beetles is elastic. Based on this information, are the following statements true or false? Explain your reasoning. A 10% increase in the price of a Beetle will reduce the quantity demanded by 20%. An increase in consumer income will inc..
Suppose that the demand function for good Z is given as a non-linear function: Qd(P) = aP^b, where a>0 and b
Consider a two-period economy with a single commodity (say leisure): x_1 is the consumption of leisure in period 1, and X_2 is the consumption of leisure in period 2. When Peter evaluates consumption streams, he cares only about the best time in his ..
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