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1. How did the cartels in Latin America manage to limit the flow of drugs in different markets?
2. Why is the drug trade is so profitable for illicit drug dealers?
3. What is money laundering? How would drugs gangs do money laundering?
Many economists have attempted to create a set of social accounts that would come closer to measuring the economic well-being of the society than does GDP. What modifications of the current approach would you recommend to them?
Calculate the return and standard deviation for the following stock, in an economy with five possible states.
The Hull Petroleum Company and Inverted V are retail gasoline franchises that compete in a local market to sell gasoline to consumers. Hull and Inverted V are located across the street from each other and can observe the prices posted on each other’s..
On a graph with commodity x on the horizontal axis and commodity y on the vertical axis, show the substitution and income effects
Elucidate how much consumer surplus would be created by randomly assigning buyer to sellers. Which method gives the larger surplus.
What are the average money holdings when the individual makes the optimal number of trips to the bank?
What are transfer payments, and how do they make their way into the GDP calculation? If one added up the value of all intermediate goods that went into the production of real GDP, the total value of intermediate goods would be
If inflation is estimated to be 4% per year for the next 3 years, how much, in Year-1 dollars, will Felix be earning each year? What is the inflation rate in Fe
Contrast the external and internal dimensions of a career. Which do you believe is more relevant in determining an employee's work behavior? Which career perspective is more relevant to HRM managers: the individual or the organizational? Defend your ..
Two political candidates are vying for town mayor and the key issue is how much to spend on the annual Fourth of July fireworks. Among the 100 voters, 40 want to spend $30,000, 30 want to spend $10,000, and 30 want to spend nothing at all. What is th..
One of the policies was to put a tax on people who didn’t buy health insurance. That is, if their wage was w before and now they don’t buy insurance then they receive only a fraction of the previous wage, so (1 − t)w. Show how this affects the budget..
If a consumer increases her quantity of ice cream consumed by 1005 WHEN HER INCOME RISES BY 255 then her income elasticity of demand for ice cream is? The market demand for wheat is Q=100-2p+1pb+2y. If the price of wheat, p, is $2, and the price of b..
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