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How does world trade affect the production of complex products like smartphones?
How does this differ from the production of commodities like oil or soybeans?
We study Economics because we live on a planet that does not provide us with enough resources to give everyone everything that they want. One of the power resources that is scarce is OIL that we use for home heating, for electricity (to burn and crea..
Discuss how and why the effectiveness of fiscal policy depends upon the slope of the LM curve. Hint: Discuss how the behavioral sensitivities (c1, and c2) determines the LM slope, and how changing c1, and c2 influences the fiscal policy effectiveness..
Give the three first order conditions of constrained optimization setting each equal to zero.
Describe how much the consumer plans to spend in each year and how much she borrows or lends in the first year.
q1. where does the national unemployment rate stand relative to the natural rate of unemployment? you can visit the
If the government places a $5 per-unit tax in the market, mathematically determine the market price and quantity before and after the tax, the amount of the tax (per unit) that producers must absorb and the amount of tax passed on to consumers (per u..
Explain the main arguments in favor of economic stabilization during recessions. Explain why policy lags could make stabilization policies counterproductive. What are the justifications given in favor of more government involvement in the market econ..
You are the marketing manager for xyz Corp.You have this regression result for your product: Q=2000-3.5P+1.2*1 Right now your price is 10 and the average income of your customers is $30,000. Compute income elasticy. Is your good a normal good or an i..
An employee earned $37,000 during the year working for an employer when the maximum limit for Social Security was $117,000. The FICA tax rate for Social Security is 6.2% and the FICA tax rate for Medicare is 1.45%. The employee's annual FICA taxes am..
It is known the pricing policies, profit maximization decisions, and short run and long run behavior of perfectly competitive firms, monopoly, oligopoly and monopolistic competition. Discuss what is unique or important about each of the markets liste..
Inflation is not the result but the cause of monetary emission. As there's inflation (because of other reasons not important here), people need more money and the central bank needs to print more money. How can you argue against that? As it seems to ..
Which of the following is NOT a characteristic of long-run equilibrium for a perfectly competitive firm?
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