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Questions
1. Put yourself in the shoes of an entrepreneur looking to start a new business somewhere.
2. Explain how the invisible hand will lead you to consider the wellbeing of your potential customers over what you may call your short-sighted self- interest.
A. How might the invisible hand effect what good/service you provide?
B. Would the invisible hand effect the quality of good/service you provide?
Economic Model and Comparative Advantage- Why does specialization lead to welfare improvement? Why engaging in trade is better than trying to be selfsufficient?
Suppose that in a period of sluggish growth, there is a debate on whether to stimulate the economy by means of a tax cut or an increase in government spending. In the short run, a tax cut, as contrasted with an increase in government spending, is
hypothetical national income statistics for a country.percentage change unless indicated
A: what are four common phases of business cycle B: explain the causes of recent recession and when it started and when it technically ended. Finally why the recent recession was called the worst recession after the great depression.
1. Suppose that a local government decides to provide more funds to the local police department in order for the department to hire additional police officers. Is there an opportunity cost of this action? If so, how would you measure it?
-An academic economist from UC Berkeley told a congressional committee that if the United States doubled its real GDP
What happens to the efficient allocation between public and private goods as an economy becomes wealthier?
Which direction would it move its interest rate to counter this new pressure on its currency resulting from the fall in global oil prices?
Explain the difference between active monetary policy and passive monetary policy, commenting on the Federal Reserve's use of monetary policy since the early 1980s.
Part 1: The Unemployment Rate - What were the unemployment rates for adult women, teenagers, blacks, Hispanics, and whites
earson Brothers recently reported an EBITDA of $16.5 million and net income of $2.8 million. It had $2.0 million of interest expense, and its corporate tax rate was 30%. What was its charge for depreciation and amortization?
If the gross national debt initially is equal to $2.5 trillion and the federal government runs a deficit of $100 billion.
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