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What are the arguments for and against granting amnesty and the possibility of citizenship to illegal immigrants? Name at least 5 for each.
Consider the aggregate demand and aggregate supply model with three ranges. In which range will an increase in aggregate demand cause an output and employment increase without causing inflation?
Evaluate whether each of the following statements is true or false. Explain your answer and provide supporting rationale. The short-run aggregate supply (SAS) curve slopes upward because households spend more as their incomes increase. The long-run a..
Are the assumptions the same as under a simple linear regression. What does TSLS imply about the data if a strong F is found.
A firm has a production function represented by: q=L^(.75)K^(.25). Find a function for how much capital and labor a firm should hire to produce a given level of production in terms of the price of labor, w, and the price capital, r.
Explicate why the cost structure associated with many kinds of information goods also services might imply a market supplied by a small number of large firms.
What would peso/dollar exchange rate be if purchasing power parity holds. If a monetary expansion caused all prices in Mexico to double.
The non-economist's view of the minimum wage seems to be that it forces greedy employers pay poor workers more money, making all workers better off. What is the "unconventional" view and how does it alter that calculus of gains and losses?
When a computer firm is producing a level of output at which MC is greater than price, from society's standpoint the firm is producing too
A risk-neutral consumer is deciding whether to purchase a homogeneous product from one of two firms. One firm produces an unreliable product and the other a reliable product. At the time of the sale, the consumer is unable to distinguish between the ..
Consider competitive markets, monopolies, and oligopolies. What role does each of these play in an economy?
Plaintiff shipped to Defendant—Pizza Pride Inc. of Jamestown, North Carolina—an order of mozzarella cheese totaling $11,000. Plaintiff, a manufacturer of men’s clothing in Los Angeles, contracted to sell a variety of clothing items to Defendant, Harr..
Which of the following phenomena can a nation expect when it opens (more widely) to international trade?
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