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a) Name some goods or services that are traded internationally.
b) Name some goods or services that are not traded internationally.
c) What are some differences between goods and services that are traded and goods and services that are not traded?
A diminishing marginal rate of substitution implies that indifference curves are
Laws that protect competition have recently been
Discuss contributions of competing and dominant school of thought to evolution of labour economics; mention paradigm differences and distinctions between old labour economics and new labour economics.
Suppose the demand for good X is Qdx=10-2Px + Py +M .the price of X is $1 the price of good Y is $10 and income is $100 given these prices and income how much of good X will be purchased?
VTAARPS, Inc. currently sells a ‘Tailgating HID’ and is able to control the demand for the product by varying the selling price. The approximate relationship between price and demand is p = $ 38 + (2700/D) − (5000/D^2) for D > 1 where p is the price ..
A truck for hauling coal has estimated net cost of $55,000 and expected to give service life of 250,000 miles with salvage value of $5,000. Compute the allowed depreciation amount for truck usage of 30,000 miles. (Hint: Consider miles equivalent to t..
Ngela owes $500 on a credit card and $2,000 on a student loan. The credit card has a 15 percent annual interest rate and the student loan has a 7 percent annual interest rate. Her sense of loss aversion makes her more anxious about the larger loan. S..
Explain what Constitutional issues are raised with Wells Fargo and Disneyworld having access to customers’ fingerprint records. Who is the custodian of the fingerprint records and any rights the custodian maybe violating.
An item is up for auction. Player 1 values the item at 3 while player 2 values the item at 5. Each player can bid either 0,1, or 2. If player i bids more than player j then i wins the good and pays his bid, while the loser does not pay. Now consider ..
Suppose that in country A the “bottom” 40% of the population receives 10% of the country’s income. The “top” 60% receives the remaining 90% of the country’s income. What is the Gini index in country A? Now suppose that in country B the bottom 20% of ..
Census data indicate that, as of 2008, the top fifth of all households receive about ________ times as much income as the bottom fifth
Please identify and discuss advantages and disadvantages of structuring a business as a partnership versus a corporation. How have state LLC laws changed the effectiveness of a partnership from both a legal and taxation point of view?
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