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What do you mean by Consumer Expenditure Survey (CE)? How has Survey behaved since year 2000? What have been causes of these changes?
What is meant by Producer Price Index (PPI)? How has PPI behaved since year 2000? What have been the causes of these changes?
What is meant by inflation? Write down the causes of inflation? Is inflation desirable and what can be done to control inflation in market economy?
That is, 200 consumers in foreign market would be willing to pay exactly $60, additional 25 would be willing to pay $55, 150 more would be willing to pay $50, and so on. What prices would pharmac
Describe difference between a normal good and inferior good. Would the answers to question change, depending on whether this good is normal or inferior good? Why or why not?
Describe if free trade can ever be fair. Justify the response. Describe measures that country can take to protect itself from negative aspects of free trade.
Find the long-run equilibrium market price and quantity? Find long-run number of firms in industry? How much does each produce? Write down their profits?
Explain the growth rates for Japan and South Korea. Have their growth rates changed over time? When did they have highest periods of growth?
Compute growth rates (log difference) of per capita GDP for each country in each year. Calculate the mean and standard deviation of these growth rates.
Compute monopolist's profit under the following conditions. Intersection of marginal revenue and marginal cost curves occurs where output is 10 units.
In the analysis, compare Dr.Kallman's techniques to techniques recommended in second article you researched.
How is Human Development Index (HDI) a better barometer of economic well-being? Write down its advantages and disadvantages?
Explain impact does policy A have on labor supply compared to no policy at all? Find change in work incentives associated with policy B compared to policy A?
Write down the economic implications of the action in gasoline markets? Use graphs as needed and describe your answers thoroughly.
Examine effect of political economy on trade agreements and policy. Examine various countries to which United States actively trades or has embargo upon.
Explain how transaction cost in private markets vary from transactions costs which might arise under government regulation.
Depict potential dead weight loss (DWL) which might result from using emission fees based on expected marginal benefit.
Alternatively, if regulator proposes to give away free permits what would occur? What if regulator announces a coin flip will decide whether policy will be fees or free permits.
Assume hotel raised its price from $30 to $30.50. Compute expected revenue, expected variable costs and expected costs from overbooking.
Find the mixed strategy Nash equilibria? In other words, find probability that employer will monitor? Find the probability that the employee will shirk?
What happens to other country's payoff if it decides to deviate from strategy - to play renege. Write the payoffs in that period and in all future periods?
Write down the difference between contractionary and expansionary fiscal policies? Which is more suitable today? Describe your answer.
Why Keynesian economists believe market forces do not automatically adjust for unemployment and inflation? Find their solution for stabilizing economic fluctuations?
How did economy that existed at time of the theories influence them? Which theory is more suitable for economy today? Why?
How do local laws, local taste preferences, and local culture influence McDonald's global strategy? Have your thoughts on global standardization changed?