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President Chavez Venezuela said he is going to not sell oil to the United States. What will happen to the price and quantity of gasoline in the United States?
Discuss the incomes and expenditures in terms of the Keynesian model. You can agree and/or disagree with the Keynesian assumptions.
Discuss, using examples and academic references, the statement that perfect competition gives an optimal allocation of resources but that the existence of scale economies may make perfect competition
The opening statement on the website of the Organization of Petroleum Exporting Countries (OPEC) says, “…OPEC’s eleven numbers are all developing countries whose economies are heavi
Figures from a consumption function table in billions of dollars:Disposable Income 200 Planned investment 50Consumption 250 Government Spending 30Net Exports 10Taxes 30Question 1: What is the total pl
Global Economic issue –This can include any of the topics covered in the course. Some topics covered include: Free Trade, Tariffs, Quotas, Foreign Exchange, Protectionism, Immigration, Trade agr
Find Marens consumption in the two periods ( as a function of m1,m2 and r)3) If the interest rises, how will Maren chanhe her consumption in each of the two periodes
A user has the utility function U(x1,x2)=min{x1,2x2}, and his endowment is W=(0,12)
The “net exports effect” is the impact on a country’s total spending caused by an inverse relationship between the price level and the net exports of an economy. Using this principle
Based on the data provided, create a report in Microsoft Word discussing the trade balance between China and the U.S. for the most recent five year period.
Herbert spends all $50 of hes paycheck on food and shelter which each cost $5 per unit what is the equation of hes budjet line ? Sketh the budjet line and two possiable indifference curves
You woke up in the morning and found a one once gold nugget under your pillow. Because you did not incur any sacrifice to obtain the gold, it seems free. Later you find out it is worth $400. If you co
How does an increase in disposable income affect the consumption function? How does an increase in expected future income affect the consumption function?
For a normal good, explain the difference between the income effect and the substitution effect using an appropriate diagram
Assume that James owns a wheat farm that produces an annual crop of 500 bushels. His only choice is to store it in a nearby grain elevator owned by Martin
What role can the government play in reducing the emission of greenhouse gases? What role can individuals play? If you were the economic advisor in the government, what economic measures would you sug
How do you think the principles of price elasticity of demand might be applied to the pricing of public goods? Explain your reasoning and assumptions, as well as how it might affect efficiency.
You are on the board of directors of a nonprofit art museum supported bydonations from wealthy members of the community
Estimate the weekly sales for the typical McPablo's outlet and what is theniffent price elasticity for tacos? What is the advertising easnaty - should McPablo's raise its taco pdce? Why or why not?
Suppose a developed nation’s economy historically had an economic growth rate of 3% but over the last 10 years, that rate hovered around 2%. In the last two years, assume it appears to hav
Suppose the U.S. economy is in a recession which came from a negative AD shock. To provide consumers with an incentive to spend more of their disposable incomes, Congress and the President pass
Suppose the U.S. economy is in a recession and there is rising inflation. Suppose you are in charge of monetary, fiscal, and exchange rate (i.e., influencing the value of the dollar) policies.
Suppose both supply and demand decrease. What effect will this have on price and the government sets a price floor of $30 and agrees to purchase all surplus at $30 per unit
Assume the economy initially is in a long run equilibrium plus the following: the U.S. dollar is relatively strong against all major foreign currencies. Suppose the Congress and the Presid
Please make a Positioning map for (Kraft) Yuban coffee without using price or quality as attributes. The competitors are JM Smucker, Nestle, Starbucks, Green Mountain and Sara Lee.