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Discusses actual effects of economic expansion and contraction and if they align with your expected effects of periods of economic expansion.
The Federal Open Market Committee meets several times each year. After they meet, they release a meeting statement.
Based on this information, develop a research paper that will project the impact of Trump's administration on the following variables:
Visit the International Monetary Fund (IMF) website and examine the Regional Economic Outlook report.
In retrospect, what set of macro policies, if anything, should we have conducted to achieve a better recovery? (around 200 words)
Economist John Maynard Keynes wrote an essay in 1930. The title is Economic Possibilities for our Grandchildren.
How is the length of the work day the site of class conflict?
How would an increase in a sales tax affect GDP? Is domestic investment the same as investment done in any other country?
Calculate labor force participation rate in an economy with adult population of 100 50 of whom hold jobs 10 of whom looking for work and 15 of whom are retired.
Find the profit-Maximizing price of the Monopoly. Find the amount of consumer surplus at the profit maximizing quantity.
In which country do land owners support a trade agreement? In which country do workers support a trade agreement?
What is the expected value of payouts from the capped-coverage insurance? Which is the more risk-averse option?
Putting aside other arguments for or against mandatory coverage, would this policy reduce adverse selection, moral hazard, both, or neither?
You stop by a crafts fair and you notice consumers haggling with vendors over prices. What does this tell you about the competitiveness of this market?
Which of characteristics of a competitive market is violated in jewelry market? What does this imply for consumers' willingness to buy from different producers?
Suppose a firm's output is small relative to the size of its market. Explain why this means the firm's marginal revenue will be equal to the market price.
Why do you recommend that the manager increase or decrease the number of donuts he makes?
What might you expect to happen to the profit maximizing output quantity for the firm?
In what ways are profit-maximizing and loss minimizing the same? In what ways are they different?
What would you expect to happen to market supply if variable costs decreased for individual firms in the market?
They also have some of the most fertile, productive land in the entire world. Could Iowa's farmers be earning a positive economic profit in the long run?
Suppose that firms in industry have identical cost structures and industry is in long-run equilibrium. How the profit motive could lead to lower market prices.
Describe what happens to the profit-maximizing output quantity for individual firms as the market leaves and then returns to long-run equilibrium.
Suppose demand in this market decreases. Describe what happens to the market quantity as the market leaves and then returns to long-run equilibrium.
Suppose the market for steel and market for cars both have large numbers of buys and sellers. Which market is likely to be affected by information asymmetries?