Start Discovering Solved Questions and Your Course Assignments
TextBooks Included
Active Tutors
Asked Questions
Answered Questions
Which of the following statements is NOT TRUE about the employment of resources in the country of Myland?
The income of Americans working abroad is greater than the income of foreigners working in the US. Therefore the GDP of the US is ___ its GNP.
Transfer programs cost the government $200. Under the assumptions of the classical model, what was the value of capital inflows in Bruinville last year?
a. What is the unemployment rate of Badger Land? b. What is the labor force partic ipation rate in Badger Land?
Suppose the money market in Zooland is in equilibrium. What is the initial equilibrium level of interest rate in Zooland?
a) What is the size of the labor force in Madison in 2008? b) What is the employment rate in Madison in 2008?
Given this tariff, calculate the values of consumer surplus, producer surplus, government revenue, and the deadweight loss due to the tariff.
During the recent financial crisis, many economists disagreed about whether or not the government bailout was a good idea. Economist A supports a bailout “to reduce strain on the credit market
The following is From Elements of Political Economy, Chapter III, Section IV, by John Stuart Mill. First published 1821: If two countries can both of them produce two commodities, corn, for example,
Question 1. Which one of the following is counted in GDP for the United States? a. Cars produced at Toyota's plant in Indiana. Toyota is a Japanese company. b. Cars produced by the American company Fo
Suppose that the world price of bananas is $8 per unit of bananas and this economy opens to trade. Provide a numerical measure of this country's imports or exports of bananas once the market is open
a. Calculate the initial value of government savings, Sg. b. Calculate the initial value of capital inflows for this economy.
Calculate the value of government savings (Sg)? Is the government running a budget deficit or a budget surplus? Show how you got your answer.
On Mars, the Martian colony produces only 2 goods: Water (W) and Plants (P). The opportunity cost of 1 bottle of Water (W) is a constant equal to 3 Plants (P). The Martian colony is prod
Given this information, what is the unemployment rate in Myland? Show how you found your answer for full credit.
If the only consumers for snowshoes in Wiscons in live in Madison or Milwaukee, what is the market demand for snowshoes in Wisconsin?
Using the given information in the above table and in the introduction , draw the production - possibility frontiers (PPF) for both Parkview and Glenview (on two separate graphs ). Measure the num
In recent years the unemployment rate in the United States has a. Overstated the level of unemployment due to the exclusion of discouraged workers and marginally attached workers in its computation
Consider the loanable funds market depicted below. In this graph assume that the demand for loanable funds curve depicts the private demand for loanable funds and that the supply of loanable funds c
Given these expenditures and holding everything else constant, what is Alice's contribution measured in dollars to the following given these purchases? Alice's contribution to GDP in the U.S. this y
a. Graph the PPF for each country. b. Which country has comparative advantage in wheat production? In cotton production? Which country has absolute advantage in wheat production? In cotton produ
Suppose further that Ireland decides to engage in open trade for automobiles with other countries at a world price of $30 per automobile. a. What is the quantity of automobiles imported by Ireland?
1. Consider the statement “The macroeconomy is in a recession”. a. This statement is a positive statement. b. This statement is a normative statement.
The U.S. imports shoes from China. This means that if the international trade were closed between these two nations, the price of shoes in the U.S. would be ___ the world price of shoes.