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The underground economy consists of both black-market activities, that is illegal activities such as, contract murder, heroin sales and white market activities legal but under reported activities; for instance, working off the books, unreported income etc..
Discuss the following. Which elements of President Trump's agenda might lead to a reduced underground economy? Which elements might cause an expansion of it? Why?
What is the opportunity cost of producing a bottle of fizz in France and in Germany? In which country is the opportunity cost of producing fizz higher?
Suppose you were worried that national income did not adequately take into account the depletion of the stock of fish in the economy. Describe how you would advise the Commerce Department to take this into account in their calculation. Make up fictio..
Examine critically this statement: "Unemployment in the United States can be resolved quickly and efficiently. The government should simply provide jobs for everyone who wants to work who cannot find suitable employment in the private sector."
You will explain monetary policies as they relate to the business environment. What is the effect of the extended period of low interest rates in the US economy on: (a) banks taking deposits, (b) individuals saving for retirement, (c) cities and town..
Demand Pull Inflation: Suppose that the central bank wants to increase output, but the economy is already at the natural rate. Show the short and long run effects of a monetary expansion in this situation in the AD/AS model. You can omit the labor ma..
Explain how much tax revenue does this tax create. Illustrate what proportion of the tax is borne by consumers.
On the three issues that economics suggests are worth discussing or consideration when seeking an efficient allocation. Discuss these against the backdrop of the ensuing principles or themes that emanate from them as well as how these relate to the s..
If prices increase for an export good and provide an incentive to increase production in an economy with specialized resources, will the higher price always outweigh the increasing opportunity cost of pulling specialized factors away from producing o..
Explain this idea and how it relates to the readings by Brodkin, Ngai, Sethi, Portes or Navarro (pick at least two of the authors listed to discuss).
There are increasing returns to size whenever increasing the output of the business results in: At the output level where MC is just equal to ATC:
q.michael likes to eat chips and ice cream. michael purchased 10 units bags of chips at 2 per unit and his marginal
q.suppose you currently consume 10 cups of coffee every week on a cost of 4 each at the local four bucks. one day you
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