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Identify three keys points or beliefs held by the Chicago school of economic thought. What are the macroeconomic policy implications of those beliefs? Which school of economic thought do you find to be most convincing out of Chicago, Keynesian, or Austrian? Why?
Evaluate Rusal's prediction by using the demand and supply equations to make a prediction about the movement of world aluminum price.
Which of the following is an example of a local monopoly as compared to a national or international monopoly?
For this discussion activity, you will find two examples of where an organization and management excelled in ensuring employees were properly compensated, including benefit packages, and then provide two examples of where an organization failed in..
What is the difference between framework convention and a protocol? What are the advantages and disadvantages to a two-stage approach to negotians? Why do most negotiations for globl environmental regimes end up taking a two-stage approach?
Using a demand/supply diagram, illustrate and explain the effects of the imposition of an export tax on a good Y by a home country’s government on (i) the home country’s consumers of Y, (ii) the home country’s producers of Y, and (iii) the home gover..
Rather than the short run effects of decreasing government spending, allow a self correcting economy to bring the model back to equilibrium, the government decides to act to eliminate the output gap through monetary policy. Explain how the government..
There are three primary branches of government in the United States. For each of the three branches, describe how members of the branch are determined and the general functions and powers of the branch. What do you believe is most important for the p..
Please explain the difference between the collusive and competitive oligopoly models and explain the role that the number of firms and barriers to entry play in determining how real-world oligopolistic industries behave.
Suppose a central bank has increased its nation's nominal money supply considerably for several years in a row, but without any increase in inflation. Over the same time, suppose its economy has not grown. Given this information, explain why this mon..
a. Derive the absolute price of a gram of protein. b. Derive the absolute price of a gram of carbs.
Explain why the Aggregate Supply curve becomes increasingly steeply sloped at levels of RGDP near "full employment" and becomes especially steeply sloped beyond "full employment" RGDP. Why might the rate at which the Aggregate Supply curve shifts ver..
A $1 million, ten-year term life insurance policy for a fifty-year old male in Massachusetts costs around $1,200 per year. The same policy for a female costs around $980 per year. Explain why life insurance for a female costs less than for a male.
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