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Suppose you give up a job and use some savings to buy a small bus which you drive on a remote rural route. Which of the following costs of your firm is an explicit cost?
a) The depreciation on the bus.
b) The wage of the job you gave up.
c) The fuel you buy for the bus.
d) The interest you earned on your savings before you used them to buy the bus
What two policies could you use to reduce the total amount of emissions and why do you think they each would work?
In 2001 the government of Anchovy collected receipts of $100 billion and had expenditures of $125 billion. Its GDP was $400 billion. The government's deficit was what percent of GDP in 2001?
Answer the following questions as these general questions pertain to the specific issue selected.The questions that you will cover with respect to your choice of broad social issue in the paper are given.
What is the meaning of an account labeled "statistical discrepancy" or "errors and omissions"? If this account is a credit, what does that imply about the measurement of other items in the balance of payments?
Suppose Ke, the required rate of return, goes up to 12 percent; what will be the new value of Po?
Describe economic terms and concepts and describe your reasoning leading from concepts in question to the final answer.
If the price of processor chips used in manufacturing personal computers decrease, what will happen in the market for personal computers How will the equilibrium price and equilibrium quantity of personal computers change
Briefly discuss two automatic stabilizers and what how might have affected the economy in the event in question and What happens to the equilibrium interest rate?
During the late 1980' and early 1990's, economic reforms initiated by Soviet President Mikhail Gorbachev began to raise consumer incomes; but the Soviet government continued to impose price ceilings on basic goods like food, clothing and household..
The dating service's owner said that the difference in price compensated for inequities in pay scales between men and women. Which of the following statements below is an alternative explanation that an economist would look for.
What do you think branded products usually are of higher quality than generic products and therefore justify their higher prices.
Find National Trade Data. Determine the trade balance between the U.S. and China for the most recent five year period
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