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Why would the government subsidize higher education? Does your answer depend on whether private returns to education are due to signalling or not? Does it depend on the magnitude of social returns to education?
What examples do you have of the risks businesses face that are associated with government regulations and policies?
In addition to the positive welfare effects that free trade has on an economy, there are a variety of other benefits of international trade. Without free trade, Sapphira has market power as a local producer. Once free trade is implemented in the loca..
A country with an adult population of 120 million adults has 80 million employed, 5 million unemployed, and the rest of the adult population is out of the labor force. What’s the unemployment rate? What share of the population is in the labor force? ..
In the theory of public goods, the degree of rivalness of any good can be measured by SMC/AC, where SMC is the social marginal cost of the good and AC is its average cost. Estimate the typical degree of rivalness of an agricultural product like wheat..
Which of the following is used to explain forward exchange rates determination? Nonexclusionary, as it relates to public goods means,
Define and explain the difference between normal goods and inferior goods. Provide two real world examples of each good from your own personal or professional life.
If our schools focus more on "life skills" and less on higher level concepts within education, aren't we compromising the information that students need to learn? Could this make our country (and students) less successful in the long run - not mo..
Given typically sloped supply & demand curves for a particular service, suppose now that the public's income rises. The most likely (definite) impact upon the new market equilibrium is that
For this discussion question, you will apply cost principles to business problems. A sunk cost is one that has already been incurred and cannot be recovered. Economic theory supports that only prospective (or future) costs are relevant to a decision...
If average costs and marginal costs are constant then
There is a call premium of 5%. If they are currently priced at $1200 per bond. What is the YTC? If they are not called, what is YTM
The market for good X is perfectly competitive. The demand and supply functions of good X are given as follows: Demand: Qd = 6000 – 30 P Supply: Qs = –500 + 20 P Qd is quantity demanded in thousand units, Qs is quantity supplied in thousand units, an..
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