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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?
Using the supply-and-demand model, explain what would happen to the supply curve during a drought. Also explain the effect on the price of water as illustrated by the graph.
The behavior of almost everyone indicates that people believe they will be better off if they earn a larger income, because a larger income means the ability to acquire more of what they want almost, but not quite, without regard to what it is that t..
Assume the demand for gasoline is perfectly inelastic—i.e., the demand curve is vertical. If a tax is levied on the producers of gasoline, what percentage of the tax collection would be paid by the consumers of gasoline 0% or 100%? Explain.
Imagine the hourly production for tuna cans is given by q = 6K + 4L. Assuming capital is fixed at 6, how much L is required to product 60 tuna cans per hour? Assuming capital is fixed at 8, how much L is required to product 60 tuna cans per hour?
The company's settlement obligations are expected to raise its average total cost per pack by about $60. Illustrate what effect will this have on its optimal price.
part a a brawl in mickeys backyardread the discussion case a brawl in mickeys backyard question 1 in a chart diagram or
How would you determine the demand for a factor of production? What factors influence the supply and demand for labor? Examine how those factors impact market demand for labor. How do labor unions try to increase the demand for labor? What has made l..
Describe the economic growth scenario for U.S in the aftermath of the Great Recession. Explain. Explain this: how is economic growth affected by prevailing employment or unemployment levels in the economy?
International firms can supply as much or as little steel as they want at a price of P = 80. Draw the supply and demand diagrams with and without international trade? What is the market clearing price and quantity if international firms can sell in t..
Explain carefully why it makes better sense to shut down rather than continue to operate or to continue to operate rather than shut down, as the case may be. How do fixed costs play a role in your analysis? What is the difference between shutting ..
Discuss the point price elasticity of demand for Tweetie Sweeties. Discuss the point advertising elasticity of demand.
What is budget deficit and how is it related to Government debt? What is cyclical adjustment to deficit and how does it help to understand the stance of fiscal policy? What is crowding out? How does budget deficit crowd out investment? Why a high lev..
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