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Political ideology is said to play a large role in our Supreme Court. A conservative president, if given the opportunity, will often times appoint a court justice who also has a conservative ideology and the same goes for a liberal presidents as well. Should political ideology play a role in the appointment of a court justice? And how does this impact the decision making process? Give an example by researching statements and opinions given by current court justices.
What is the Phillips curve? Understand why positive unexpected inflation is associated with a negative output gap and vice-versa. Understand why combining the Phillips Curve with adaptive expectations of inflation means that Y above Y* will mean ever..
Lets denote the price of a nonmaturing bond (called a consol) as Pb. The equation that indicates this price is Pb = l/r, where l is the annual income the bond generates.and r is the nominal market interest rate. What happens to the bond’s price if th..
Three products that you believe are provided by a "pure" monopoly, or at least by firms with a high degree of monopoly power. List substitutes for the products sold by each of these "monopolies".
All of the following are assumptions of the theory of comparative advantage, except
Which type of health insurance plan would you choose the PPO plan or the HMO plan? Why would you make this choice? What things are important to you when selecting a health insurance plan (i.e. monthly payroll deduction, co-payments, deductibles, serv..
The Callaway family owns a small bait and tackle shop in a resort town in Wisconsin. An economic recession reduces the number of tourists for one summer, which reduces the family’s income for that year. For the Callaway family, their
Ms. Lee Ding is considering whether the following capitol project should be undertaken. Its life is 6 years; it has a 6% salvage value; and her firm uses a 12% MARR. What is the probability of it costing $300,000? What is the probability of the net r..
Briefing Paper 2: Law Case with Answers Instructions: Read Smith v. Van Gorkom - Cheeseman text page 348-349. Brief the facts of the case and assume your boss is seeking your opinions on what effect should the fact that Jerome W. Van Gorkom owned 75,..
Demand for a certain product is forecast to be 9600 units for the year 2014. The product follows the seasonal pattern. Based on monthly forecast that were made in 2011, 2012, and 2013 the January seasonal index was calculated to be 1.25. What is the ..
Sheila budgets $9 per week for her morning coffee with milk. She likes it only if it is prepared with 4 parts of coffee and 1 part milk.
Apply supply and demand analysis to price determination and predict changes in supply and/or demand Analyze the effects of elasticity on consumer and business behavior
What is the Nash equilibrium from the pricing game in Figure 9.2. Is there is a dominant strategy for either? If so, what is it?
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