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Explain why the following statement is True, False, or Uncertain according to economic principles. Use diagrams where appropriate and show your calculations.
How much will the Government spend on the subsidy? What will be the change in producer surplus?
Analyze how the various pandemic-related factors have shaped US trade, and how they affected consumer prices and the US economy.
Draw a perfectly competitive market for apples and a firm selling apples in the long run equilibrium where price is $10 and firm's equilibrium quantity is 50.
Compute the expected return of the one-period asset. What happens to expected returns if a increases? Explain.
Evaluate the risk of the two investments and advise the management on the course of action to take.
How does free trade benefit consumers? What effect does it have on prices, for example? How might it lead to better, more innovative goods and services?
Summarize the economic risks that climate change will have in the US housing market and other related industries.
What is the price elasticity of demand for Netflix's products in those key markets? How does the price elasticity of Netflix's demand alter during the Covid?
How do you see trade? What kind of support or concern you have about trade in general? Does the fight with China make sense?
Write the null and alternative hypotheses. What conclusion should the company reach about the seminars?
Why study the behavior of GDP of Mexican economy in long term? Do you consider that fall in the rate of profit is deepest cause of Mexican economic recession?
If Firm Bird and Firm Dog were to merge to become Firm Birddog, what would be the new Herfindahl-Hirschman Index for this market?
What was the significance of the guns and butter trade-off that we discussed in class? Why did war production increase dramatically during WWII?
Why do some firms prefer to hire younger workers, especially for entry level positions? Why do some firms discriminate against hiring older workers?
Make sure to illustrate what is happening to the trade deficit on the diagram.
The last sentence of the eleventh paragraph states that, despite the government's implementing a novel form of capital. What does a real exchange rate measure?
Using calculus, what is the profit maximizing price and quantity. What is your maximized profit given the price and quantity from part 1?
Make sure that you identify a situation in which you were convinced or had your mind changed on the basis of good evidence.
What song and artist best identified you in your adolescence stage of development? Which of the four stages does the song you picked identify with?
On a bank account, interest is paid out every month. The simple annual interest rate is 8.00%. What is the effective annual interest rate?
We've seen how many economists vehemently oppose price controls, saying that they'll create. How do studies of minimum wage challenge this orthodoxy?
What is the difference between an agricultural wage worker and a peasant? What about a (fixed rent) tenant farmer and sharecropper?
Define and compare export subsidies to import tariffs. Which factor might lead a country to decide on one or the other?
Explain why the basic assumptions economists use to describe a perfectively competitive industry are important to understanding its operation?