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What effect will this cut in T have on the IS curve? What happens to consumption, saving and investment as a result of this policy mix? Briefly explain.
Using the numbers above. Calculate the price effect and the quantity effect in terms of their impact on pharmaceutical firm's total revenue when price goes up.
How much will the company have to make each year for 15 years in order to recover its investment at a MARR of 10% per year?
Calculate the price elasticity of demand and show the percentage change both Price and Quantity that you used to calculate elasticity.
What are the three types of unemployment, and which two compose the natural rate? Give an example of a person who would be counted in each type.
How does the price floor impact the quantity supplied and the quantity demanded of labor services. Discuss how the price floor impacts the poor.
Explain how you would use the micro-economic concepts of opportunity cost and marginal analysis to make a decision.
Develop your policy position on price floors and price ceilings, share your opinions with class. What has effect of price floors and price ceilings been on you?
Critically evaluate the two following contradictory statements: Economic growth results from technological change which results from creative people responding.
What effect will that have on Scentsy, the wax burning company? What actions will that firm have to make that it wouldn't if Federal Reserve kept FFR constant?
Based on your understanding of these two policy tools, which one you will use in this difficult inflationary time to bring back growth in the Canadian Economy?
Why does this article claim that Americans are not saving enough? What does saving enough mean in the context of a normal US citizen?
Explain the concept of opportunity cost arising from the central economic problem of scarce resources and unlimited wants.
What is most likely to happen to price and quantity in a market for a crop such as lettuce, tomatoes, when extreme weather destroys a large portion of the crop.
Discuss the three forms of market failure. Explain why individual or small-group insurance tends to be more expensive than large-group insurance.
Explain how higher saving leads to a higher standard of living. What might deter a policymaker from trying to raise the rate of saving?
Draw a fully labeled money market, showing the impact of change on equilibrium nominal interest rate. What will happen to the price of previously issued bonds?
Examine two possible impacts of the new minimum wage on people's attitude towards work in the province.
Prove the Stolper Samuelson theorem and use it to predict the effects on income distribution in Australia of the transition to renewable energy.
Employment standards in Canada includes minimum wage rate. Examine two possible impacts of new minimum wage on people's attitude towards work in the province.
What is the price elasticity of supply? Is it supply elastic, supply inelastic, unit elastic, perfectly inelastic and perfect elastic.
List two potential channels underlying observation that personal income is positively associated with probability that individual has health insurance coverage.
Identify the market equilibrium on price and quantity for your chosen country or international firm. Analyze the relevance to real-life applications.
Consider last year a price index base year with a CPI of 100. If a general basket of goods last year was $20,000. Compute the price index for this year.
Does the data substantiate this claim? Use/reference the data to support your comments. Again, why might some people make such a claim?