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1. According to Interland (2009) the art of economics consists in looking not merely at the immediate but at the longer effects of any act or policy; it consists of tracing the consequences of that policy not merely for one group but for all groups. Discuss Jeneen Interlandi, "Not Just Urban Leg- end," Newsweek, January, 19, 2009
2. Children in poor neighborhoods have bleak outlooks on life and do not see much gain to studying. A recent experiment is paying children in poor neighborhoods $100 for each "A" they earn in a six-week grade reporting cycle. How does this affect the children's behavior?
You are the manager of a theater. At present the theater charges the same admisssion price of $8 to all customers, regardless of age. You propose a two-tier pricing scheme: $5 for children under the age of 12 and $10 for adults. You tell your supervi..
The standard deviation of the difference was 5 mmHg. What was the power of the test to find a mean difference of 2.5 mmHg at a = 0.05 (two-sided)?
Describe how each of these activities affects government, households, and businesses. Describe the flow of resources from one entity to another for each activity.
A former Federal Reserve official argued that at the Fed "the objectives of price stability and low long-term interest rates are essentially the same objective"
Based on your research, write summary on what you have learned about this country & apposes economy
Identify four (4) forms of price discrimination that various entities are subjected to in the consumer market.
Trace through the effects a minimum wage might be expected to have, for two cases: the demand for output produced by workers is perfectly elastic. the demand for output is not perfectly elastic
Study by the National Park Service revealed that 50 percent of vacationers going to the Rocky Mountain region visited Yellowstone Park, 40 percent visit the Tetons, and 35 percent visit both.
Describe the cost function and explain the difference between a short-run and a long-run cost function. Describe the elements of a cost schedule which can be derived total, fixed, and variable costs. Compare and contrast the short-run cost function a..
What is the theory of consumer choice and how it consumers facing trade-offs make decisions and how they respond to changes in their environment?
Assuming the firm's isoquants exhibit diminishing MRTS, will it use more or less labor after the wage change? Will it use more or less capital?
q1. what is the equilibrium income the marginal propensity to import and the trade deficitsurplus if consumption is
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