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ESSAY
1. How do socio-economic background and income / education / health outcomes correlate in the US? (This does not refer to any specific reading.)
2. How has cross-generational socio-economic mobility developed in the US over the past four decades? (This does not refer to any specific reading.)
3. How can financial crises develop, in broad terms? Why have these been so prevalent in the US over the past four decades?
Distinguish between economies of scale and economics of scope. Why do some firms produce multiple products lines, while some produce only one.
Assume the NXL league in Q #3 above adds two expansion teams each generating $100 mil per year in revenue. How much TR (to the nearest $ mil) will UT now have AFTER revenue sharing is taken into account? a. 192 b. 240 c. 278 d. 230 e. 250
If the price level increases, the real value of household money holdings falls. This will result in a downward shift of aggregate expenditures and a leftward shift of the aggregate demand curve.
If typographical errors occur andomly, about how many pagesin book have three typographical errors. What is the median number of typographical errors per page.
How will it affect the productivity, technological innovation, and GDP if the financial industry is able to lure highly skilled graduates into the financial
In the Castorian Airline market there are only two firms. Each firm is deciding whether to offer a frequent flyer program.
According to a study, the scale of scores on an IQ test of adults is approximately Normal with mean 98 and standard deviation 17. The organization MENSA, which calls itself "the high-IQ society," requires an IQ score of 130 or higher for membership. ..
Suppose we now care about the long run decisions of a firm that has a production function of the form q = 4L^1/2 + K. Assume that, at the beginning when w0 = 1 and r = 0.5, the firm chose to produce q0 = 20 units of output. Then, the wage increased t..
What type of market structure does OPEC operate in? Let's assume that OPEC has added 23 new nations to its list of oil producers and exporters, what type of mar
Your department is budgeting miscellaneous expenses for the next 5 years. Your best guess at the annual inflation rate is 3.9%, and the combined MARR is 15%. Expenses currently run $14,500 per year. Assume that expenses are end-of-year payments.
Show how the lottery winning affect your budget line. After winning the lottery you continue to work the same amount of hours every day. What is the income effect of the lottery gain? Now your employer increases your hourly wage. Using the income eff..
In the following situation, the market is initially in equilibrium. After each event described below, does a surplus or a shortage exist at the original equilibrium price? What will happen to equilibrium price as a result? Draw your answer in GRAPH F..
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