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1. The impact of disruptive technologies like Uber is totally changing consumers' behaviour. What are the pros and cons of implementing Uber in Vancouver? How similar is this to embracing international trade? Do the pros outweigh the cons? Explain.
2. During class, the Market for Lemons was discussed. Explain why only "Lemons" exist in the market. Can you suggest an example other than cars? Would the government be able to reduce the problem in your example? Explain your answer.
Herbert spends all $50 of his pay check on food and shelter which each cost $5 per unit. What is the equation of his budget line?
1 Explain the three tier system in the collective bargaining process.
If we assume that mortgage interest rates and all other factors affecting home sales are constant, what do these figures suggest about the elasticity of demand for housing? Using the information calculate the elasticity for housing.
Using graphs illustrate the effect of increased tariffs for imported steel in the domestic product market for steel and the domestic labor market for steel workers. Using your graphs, indicate the cost to consumers of each job saved in the steel indu..
Supply is the world supply. Elucidate the consumer surplus at the equilibrium price. What is the producer surplus.
To apply supply side economics, given that only 40% of the tax credits given to businesses are reinvested, how much tax credit do investors need to move the economy to the full employment level? You should assume that consumption and government spend..
A consumer has income of $500. chips costs $2 , and burger costs $6. Draw his budget constraint (put burger on the horizontal axis). What is the slope of her budget constraint? Draw Consumer’s indifference curves for chips and burger if you love chip..
1. What is the structural feature of "vertically integrated" industry? 2. How will this type of structure affect the growth of recycling industry?
According to keynes, the private sector (by itself). autonomous consumption is
Which do you think is better, having specialized employees that are experts at their job, or a multitasking workface that is not specialized but able to many different jobs? Why?
A forest stand yields a recurring timber harvest income of $50,000 that occurs every 45 years. Using a 7% interest rate, find the present value of the perpetual harvest income stream assuming that the first income occurs 45 years from now.
Suppose that soda producers can choose between using cane sugar or corn syrup as sweeteners. If the price of corn syrup rises, what impact would you expect this to have on the demand for cane sugar? Briefly explain. If the price of cane sugar rises, ..
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