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1. If the exchange rate rises, domestic goods become relatively ______ expensive. This change in the affordability of domestic goods makes domestic goods _____ attractive to foreigners. So, _______ ______. (choose - more,/less, imports/exports, fall/rise)
2. What is the political business cycle and how does it relate to whether the central bank should have discretion or use a rule?
3. Why is there a lag between the Fed’s actions and the economy’s response?
4. By law what goals are the Federal Reserve to pursue? What, if any, specific weights are given for these goals?
5. Economists believe that a little bit of inflation may be a good thing. What are the potential benefits of inflation?
Compare and contrast the production function for a product and a service. You should base your discussion on specific industry examples (i.e., automobiles or dishwashers or frozen pizzas are examples of products and tax preparation services or legal..
Consider a small country that exports steel. Assume that a "pro-trade" government deicdes to subsidize the export of steel by paying
Behavioral finance is a brand-new field in analyzing prices in the market. In fact, most of the explanations come from psychological observations of daily lives. Provide a real world example that is not mentioned in class to show that people prefer t..
How could union members’ current annual incomes decline on net even if a long-lived strike induces a firm’s management to increase the hourly wage rate? Sometimes union memberships coordinate work stoppages when all workers call in sick. From an econ..
The purchase of copy paper by Intel for the company staff. The purchase of an electronic handheld organizer by a sales manager to keep track of clients. The purchase of a new aircraft carrier by the Navy
Suppose that firms are NOT owned by consumers.than what is the value of that maximizes total consumer well-being?
What factors might account for the increase in the earnings of college-educated workers vis-vis high school graduates and dropouts over the last three decades?
Yesterday, the current exchange rate was $ 1.05 Canadian per U. S. dollar and traders expected the exchange rate to remain unchanged for the next month. Today, with new information, traders now expect the exchange rate next month to fall to $ 1 Canad..
Show graphically, and with a few well-chosen sentences how a Major League Baseball team can help both itself and consumers by vertically integrating its local broadcasting network. You may assume that both the team and the broadcasting network start ..
The demand curve for higher education in Tallahassee is P=120-2Q. Assume the only two colleges in town are FSU and FAMU. Each university faces the cost function TC=6Q. Both colleges get together and successfully collude to fix price at a profit maxim..
q.you are thinking of investing in a field which may have commercial oil amounts. depend on the existing data of the
Horizontal equity can be determined by comparing the
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