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1. Why did Chinese economic development stagnate from the fourteenth century onwards, in spite of initial conditions which seemed so promising?
2. Discuss the differences between colonies of settlement and colonies of occupation.
3. What were the characteristics of the international division of labour between rich countries and poor countries which evolved in the period 1870--1913?
Studies indicate that the price elasticity of demand for cigarettes is about 0.4. If a packet of cigarettes currently costs $8 and the government wants to reduce smoking by 20%, by how much should it increase the price?
Draw a PPF-Budget Constraint-Indifference Curve diagram for each country that shows the autarky (no-trade) equilibrium, indicate what the country is producing and consuming in each equilibrium and the relative prices in this equilibrium.
An investor has two investment opportunities each involving an outlay of $10,000. The present value of possible outcomes and their respective probabilities are (a) calculate the expected value of each investment. (b) draw a bar chart for each in..
The Wall Street Journal reported that businesses are aggressively pushing customers to pay their bills electronically. Numerous banks dropped their monthly fee for online bill paying,
What will be the price of this bond? Suppose the market rate of interest rose to 12%; what would happen to the price of the bond?
Analyze the modern notion of microfoundations with Marx's 'real foundation' for the analysis of economic activity.
The rising stock market implies an increase in wealth, at least as measured on paper. If we assume that some of this increased wealth gets consumed, then the rising stock market fuels an increase in aggregate demand, and may contribute to an inflatio..
Past year both Country homes and City Construction earned $1 million in Net Income. Both companies have asstes of $10 million. Country created a return on equity of 11.1 percent
In an article about the financial problems of USA Today, Newsweek, reported that the paper was losing about $20 million a year.
Elucidate why and the benefits/drawbacks of this strategy. Describe each tool and how it is used to achieve it desired effect on the US money supply.
Illustrate why is it difficult for the Fed to decide whether or not to change its interest rate target in the federal funds market.
Compute the point price elasticity of demand for bearing grease. Compute the optional price for bearing grease if marginal cost is $4.50 per unit.
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