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Problem
1. Rather than generating tax revenue as do tariffs, subsidies require tax revenue. Therefore, they are not an effective protective device for the home economy. Do you agree?
2. In 1980, the u.s. auto industry proposed that import quotas be imposed on foreign-produced cars sold in the United States. What would be the likely benefits and costs of such a policy?
Given that monetary policy has only a long term effect on an economy, central bankers should follow monetary rules rather than operate a more proactive policy approach as inflation targeting central banks currently do. Discuss.
If the airline industry was operating under other market structures, explain how would equilibrium price and equilibrium quantity differ
A firm uses two variable inputs, labor, L, and raw materials, M, with typically shaped isoquants. It pays $20 per hour for L and $5 per unit for M. At the current mix of L and M, the marginal products of L and M are: MPL = 20 MPM = 4 Is the firm m..
Media Magic is a media design firm located in Kansas City, MO. Fifteen employees work to create advertising graphics, to develop web page branding, and to create fliers and other advertising materials.
The World Bank's GNP per capita classification for low-income, middle-income and high income countries respectively is
In the CIA World Factbook, GDP per capita in the United States in 2010 was approximately $47,400.
A discriminating monopolist faces the demand schedule Pmkt=225-Q and MC=125
1. For each price combination, compute the price ratio and find the corresponding least-cost ration.
How will unemployment rate during current period compare with natural rate of unemployment? Will current rate of GDP be sustainable into future? Why or why not?
The federal government tests the safety of car models and provides the test results free of charge to the public. Does this information qualify as a public good?
What is the command that will create a new user johnsmith? What is the single command that will rename the file newdata to olddata? The file is located in the /customers directory and the current directory is /root.
Explain how supply-siders would reduce the government's role in the economy.
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