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What evidence have you discovered that points to the Classical, Keynesian, and Monetarist theories being debated today?
What is supply-side economics? Does it oppose the Classical, Keynesian, or Monetarist theory? How does supply-side economics affect fiscal policy?
What are the stakes in terms of economic growth and per capita income in the United States?
Analyze the impact of economic growth and per capita income measurements. For example, how much difference would every 1% of faster growth make over five years, or every 1% of unemployment?
Discuss differences in the types of incentives that economists propose for increasing economic growth.
Do policy makers believe these can be applied to strategies for stimulating the employment? Why or why not?
Discuss the economics justifications for a merger. In particular, how might these reasons apply to companies now merging in the following industries oil automobiles telecommunications electric power commercial banks
Consider a perfectly competitive firm that faces the following market demand and market supply curves: Find the profit maximizing output for this firm. What are profits? Suppose demand shifts down and the new market price is $1.50. What is the profit..
Suppose the government decides to raise the gasoline tax as a way of reducing air pollution and traffic congestion to their optimal levels. Which of the following describes why Pigovian taxes, such as gasoline tax, are unlike most other taxes?
For this discussion, think about where you work or a business you have a significant amount of knowledge about.
Consider an economy that adopts a floating exchange rate, it is currently operating above its long-run capacity and is running a current account deficit.
Pete and Paul live in an exchange economy (so we can use the Edge worth-box). The economy has endowment of 10 cheese slices and 10 crackers. Pete has distinguished taste, he likes to eat cheese with cracker, to the extent that he considers them perfe..
Which of the following activities are prohibited by the Clayton Act when they lead to less competition?
Say an organisation is figuring out whether or not it should go ahead with an investment project. The manager of the organisation has been told by his engineers that the project will cost $10 million and can be built straight away. The manager has as..
______The term used to refer to the raw materials, components, completed or partially completed products, and pieces of equipment a firm uses is
Let d=X-Y, where X and Y are random variables with normal distribution. Assume that you know both the mean and variance of X and Y
Assume the gizmo industry is monopolistically competitive, with economies of scale. Total market size (S) in the Home country is a fixed 5 million gizmos, and each firm has a fixed cost (FC) of $10 million and a constant marginal cost of $100. Solve ..
The demand for apartments is P=1200-Q while the supply is given by P=Q units. What is the slope of the supply curve? What is the P-intercept of the supply curve? What is the slope of the demand curve? What is the P-intercept of the demand curve? What..
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