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What is Multiplication of Probabilities. When does this application happen, what can you say about the events in a situation where we multiply probabilities, etc.
What is the "current macroeconomic situation" in the U.S. (e.g. is the U.S. economy currently concerned about unemployment, inflation, recession, etc.)? What fiscal policies and monetary policies would be appropriate at this time?
Some say that there are powers that the Constitution reserves to the States that the Federal Government has intruded upon since the founding of the country. Discuss and provide one example where it could be argued that the Federal Government has intr..
In the text we discuss the U.S. healthcare system as a "third-party payer" system: When you receive healthcare in the U.S. generally you are not paying for it; you are paying for insurance, and your insurance pays for the healthcare.
Determine what fiscal policy measure has a more direct impact to the economy, an increase in government spending or an equal decrease in taxes if consumer confidence is lower than the previous month. Explain your reasoning.
A profit maximizing firm will continue to hire labor inputs as long as a) it pays the workers a low wage b) the workers are productive c) the demand for labor is low e) the marginal revenue product is greater than the wage rate
Some say that drug laws infringe on peoples’ rights to dictate their own behavior. Should people be free to engage in behaviors, like drug use, as long as they do not infringe on the rights of others? Explain.
Consider an income guarantee program with an income guarantee of $6,000 and a benefit reduction of 50%. A person can work up to 2,000 hours per year at $8 per hour. Draw the person’s budget constraint without the income guarantee. Fully label the gra..
Suppose a politician promises a program that will give Amanda and Britney 70 units of utility for each.
What role did the government play in creating the financial crisis? What role did Fannie Mae and Freddie Mac play in the financial crisis? Could this have been prevented? How? How the government have responded to the crisis both in monetary policies ..
With the rise of the Video on Demand market, which threat is likely to have the least impact on Netflix’s streaming service business?
Should the Fed be more concerned about keeping inflation low or unemployment low? Please justify your answer. Please explain what the Fed's open-market operations are. Has the Fed changed the discount rate lately? If so, has it had an impact on the e..
Explain under what conditions oligopolistic market structures lead to higher productive and allocative efficiency and more choice for consumers compared.
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