Start Discovering Solved Questions and Your Course Assignments
TextBooks Included
Active Tutors
Asked Questions
Answered Questions
In this case, which country should produce wheat? Why? Hint: calculate the opportunity cost for each country. For instance, USA can produce 4 units of wheat OR 2 units of Corn. In this case, if the
What is macroeconomics? What role does macroeconomics play in your personal financial decisions and the decisions that your organization makes? What are the resources that are available to you in y
Demonstrate, using supply and demand analysis, the effect on the equilibrium price and quantity of new hybrid automobiles when the following occurs. Using graphs similar to the notes in
If the nominal exchange rate between the American dollar and the Canadian dollar is 0.89 Canadian dollars per American dollar, how many American dollars are required to buy a product that costs 2.5
Suppose the multiplier is 3, the marginal tax rate is 20%, and the marginal propensity to consume out of disposable income is 0.9. If government spending increases by $10b, then national saving?
The demand for land is givven by the function: Qd = 2,500+ 20; and the supply is given the function: Qs= 1,000,000. Qd= quantity demanded, Qs= quantity supplied and P= Price. Solve for the equilibri
The best currently available single measure of the standard of living in a country is
If personal taxes were decreased and resource productivity increased simultaneously, the equilibrium:
Show that the equilibrium effects on consumption and hours worked of an increase in government spending of this type are ambiguous but that output increases. You must consider income and substitutio
Define cost-push and demand-pull inflation. Discuss cost-push and demand-pull factors in Russian inflation in the 1990s. Discuss the statement: "Russian currency crisis was caused by the outflow of ca
Define and explain the money multiplier. Identify the change to the money supply in the following situation: The required reserve ratio is 12.5 percent and the Fed increases the monetary base by $1
What happens to consumer and producer surplus when the sale of a good is taxed? How does the change in consumer and producer surplus compare to the tax revenue? explain
Describe five non-bank financial intermediaries in the American economy,relate what each one does and how it gets money.
Suppose that the quantity theory of money holds for this economy. Which of the following statements, if any, is true
What is the importance of the World Trade Organization? What are the advantages/disadvantages of WTO member and those non-member? What are the five main operational aspects of a business? Discuss
Explain why industrial regulation exists. Explain how industrial regulation affects the market. Explain the entities affected by industrial regulation in terms of market structure.
Why might even a well-maintained, profitable motel shut down in the long run if the land on which it is located becomes extremely valuable due to surrounding economic development?
What are government's fiscal policy options for ending severe demand-pull inflation? Which of these fiscal policy options do you think might be favored by a person who wants to preserve the size of
Discuss the impact of rational self-interest on each of the following decisions:
What are weakness for using real per capital GDP to compare living standards between countries?
How do economists distinguish between absolute and relative sizes of the public debt? Why is the distinction important?
A firm has two factories, one twice as large as the second one. As the number of workers at each factory increase, which factory will experience diminishing returns first?
Using appropriate diagrams and notations, carefully explain the relationship between elasticity, total revenue and marginal revenue. Discuss the uses of elasticity of demand
Illustrate the effect of captial formation by comparing the production possibilty curves, at the present time and ten years in the future, for two economies, one with high and the other with a low r