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Several states mandate that school district boundaries follow county lines, while other states allow several school districts to locate in the same county. Assume that county size is approximately the same in both of these groups of states. Suppose both groups of states are considering implementing school vouchers, and proponents in both groups of states argue that increased competition will lead to greater efficiency. Which group of states is more likely to achieve greater efficiency gains? Hint: Think about Tiebout sorting.
Assume an economy with a coal producer, a steel producer, and some consumers (there is no government). In a given year, the coal producer produces 20 million tons of coal and sells it for 5$ per ton. The coal producer pays $50 million in wages to con..
An article published in an economics journal examines “life cycle consumption decisions,” that is, an individual’s borrowing, spending, saving and investment from childhood through retirement. The authors describe their study as an “experiment . . . ..
Why does the slope of the aggregate supply curve change from the short run to the long run? What are the differences between classical theory and what Keynes believed?
A brief look at Viet Nam's banking system, including its development, the role of the central bank, the currency, and the central bank’s influence on the level of prices. Interaction of the monetary system with the government’s fiscal policy, includi..
Suppose that a Presidential candidate proposes to cut taxes by $120 billion in his or her first year in office. Assuming that the US is a large open economy and its MPC = 0.8, state the long run impact of this tax cut on Y, C, I, G, NX, r, ε, Sp, Sg,..
Question 1 - A $433,000 revamping project is underway for the receiving dock of hardware wholesaler. The completed project is expected to provide future benefits for which the wholesaler would have been willing to pay up to $500,000 if necessary.
Maintenance costs for an industrial system are expected to be as follows:
The Sarbanes-Oxley Act came about as a result of the Enron scandal. What did that company do? What can companies do to foster an ethical environment? Give examples of what YOUR company does to promote an ethical environment.
Explain how might knowledge of organizational behavior help the company's frontline store supervisors manage their employees.
Describe the difference between marginal cost and average total cost. Why are both of these cost important to a profit-maximizing firm?
Describe the major changes taking place in selling and the forces causing these changes. Identify as many issues as you can and attribute changes to whether they are innovation based or created as a result of progress in our understanding of marketin..
In light of the externalities involved in the market for gasoline, how do the tax changes affect society's total welfare. Elucidate the effects on each individual component of total welfare.
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