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ECONOMICS - REGULATIONS
Should certain sectors of the economy be regulated? Which ones and why?
Should there be greater or less regulation during certain parts of the business cycle or certain economic conditions? Which ones and why?
In what way should regulation be limited? In other words, what should not be regulated?
What is globalization (please define it both as a process and outcome)? What factors can you identify in explaining why globalization occurred? How do you assess its impact upon both rich countries and poor ones, in particular, the issue of inequalit..
Broadband technology refers to ___________.
Mike borrowed $20,000 from a credit union to buy a car at 8.5% interest per year compounded monthly for 60 months. The monthly payment for Mike is equal to _______________?
Suppose that, at the last minute, the company decides to purchase the same machinery at the same rate (8 percent), with payments decreasing by $7,500 each year. How much is the first payment?
Prove that inferior goods (goods with a negative income effect) have a backward bending income consumption curve. Prove that giffen goods have a positively sloped demand curve and a backward bending price consumption curve. Comment about substitution..
If import spending were the ONLY leakage from an economy and the marginal propensity to import is one-third, what fraction of any change in income will survive the leakage and go on to start the next round of spending?
Does a lump sum tax cause the after tax consumption schedule to be flatter than the before tax consumption schedule.
Explain, in the IS/LM/BP framework with fixed exchange rates, the impact of an autonomous increase in foreign demand for a country’s exports upon the country’s national income, money supply, and balance of payments. If there is no impact on a variabl..
NY state will soon implement a $15/hour minimum wage for fast food workers. What is your prediction of the short run effects of this policy? What is your prediction of the long run effects?
In spending all his income on beer and pizza, Fred finds that the marginal utility of the last pizza is currently 8, the marginal utility of the last bottle of beer is 4, and the price of a bottle of beer is $1.50. If Fred has maximized his utility, ..
Hillary spends all her income on milk and cookies. Graph Hillary's budget line when income = $20, Pcookies = $1 & Pmilk = $2. Pick some point in the middle as her optimal choice and draw in the appropriate indifference curve. Redraw the two budget li..
A perfectly competitive external market for the intermediate product exists, and an imperfectly competitive external market for the intermediate product exists.
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