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Post a brief summary of what you have read in the news about off-shoring. Are the views expressed there contradictory or complementary to the views in your textbook? Give a brief comparison of the two.
What is your own stand on off-shoring? Give economically sound arguments to support your position.
Explain your opportunity cost of taking this course. When looking at the decisions that you have to make, are you more concerned on your lost time or money.
Assume that a purely competitive firm is selling 2000 television sets a day at a cost of $90,000. Assume that if the firm sells 1600 units per day, its total cost would be be $60,000, and if it sold 1000 units perday, it would have a total cost of $5..
Each year, public schools are rewarded with bigger budgets for achieving a rating of "excellent” or "recommended” and are punished for rating "needs improvement.” These ratings are based on meeting thresholds on a broad set of measures such as attend..
What is "monopolistic" about monopolistic competition? What is "competitive" about a monopolistically competitive market? Please explain.
Month/Year Unemployment Rate July/1958 7.5% August/1958 7.4% September/1958 7.1% October/1958 6.7% November/1958 6.2% December/1958 6.2% January/1959 6.0% February/1959 5.9% March/1959 5.6% April/1959 5.2% May/1959 5.1% June/1959 5.0% Which of the fo..
Suppose that initially the price is $20 in a perfectly competitive market. Firms are making zero economic profits. Then the market demand shrinks permanently, some firms leave the industry, and the industry returns to a long-run equilibrium. What wil..
Suppose that in the year 2010 the number of births is temporarily high. Explain how does this baby boom affect the price of babysitting services in 2015 and2025.
Assume you ordered two Bose speakers for your home theater system from Sound Technologies, Inc. in New York. Sound Technologies shipped the speakers to you via UPS, C.O.D. (collect on delivery). You did not agree to a C.O.D. shipment of the speakers...
According to the Keynesian view “Businesses will undertake all investment projects for which the expected rate of profit equals or exceeds the interest rate.” Explain what this means.
A slave has just been thrown to the lions in the Roman Colosseum. Three lions are chained down in a line, with Lion 1 closest to the slave. Each lion's chain is short enough that he can only reach the two players immediately adjacent to him. write ou..
What are network effects? What market power does a social network such as Facebook imply for a business that has a Facebook profile?
Specialization and Exchange. Please select one item that you can see from where you are sitting right now – and list and describe as many people as you can think of that played a role in getting that item to where it is right now. (One Limit Only: yo..
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