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1. Suppose you wanted to study intertemporal food purchases. You have annual data on food purchases. Would it be valid to assume that food in one year and food in another year are perfect substitutes? Why or why not?
2. A consumer, who is initially a lender, remains a lender even after a decline in interest rates. Is this consumer better o or worse o after the change in interest rates? If the consumer becomes a borrower after the change is he better or worse off?
3. What is the present value of $100 one year from now if the interest rate is 10 percent?
What if the interest rate is 5 percent?
Assume the following data for a country: total population, 500; population under 16 years of age or institutionalized, 120; not in labor force, 150; unemployed, 23; part-time workers looking for full-time jobs, 10. What is the size of the labor force..
Briefly describe the details of the fictitious business that you created for this assignment. Assess the current environmental scan factors that are relevant to the decision making process.
Assume that you are going to start a small business of your own. Further, imagine that you are able to adequately differentiate your product, or service so that you can establish your business as a monopolistically competitive firm. Describe the busi..
Dorinda, Luis, and Elizabeth form a limited partnership. Dorinda is a general partner, and Luis and Elizabeth are limited partners. Consider the separate events below, and discuss fully whether each event constitutes dissolution of the limited partne..
Businesses large and small now compete in a truly global economy. To be successful in another country it is essential to understand and appreciate the cultural differences that exist. Business practices and ideas that work well here in the
Illustrate what would happen to the total employment, the size of the labor force, and the unemployment rate? Show the results graphically.
Illustrate what type of industry benefits the most from technological innovation? Select an article from either either a peer reviewed or current popular periodical on an industry of your choice and discuss this question from the perspective of th..
Which segment of the population is one of the wealthiest in the U.S.?
Economists argue that some environments are more conducive to economic growth than others. One of the ways economists differentiate one environment from another is in terms of its institutions. An institution is the rules of the game in a society or,..
Use the concept of the hydrologic cycle to explain how contamination of surface waters can also cause degradation of groundwater.
Consider the following short-run production function: q = 5L2 - 1/3L3. Illustrate at what level of L do diminishing marginal returns begin. At what level of L do diminishing returns begin.
q1. if unit labor costs in spain and portugal rise but unit labor costs in germany decline and other producer prices
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