Start Discovering Solved Questions and Your Course Assignments
TextBooks Included
Active Tutors
Asked Questions
Answered Questions
Does fiscal policy have a strong impact on aggregate demand? Did the shift of the federal budget from deficit to surplus during the 1990s weaken aggregate demand?
suppose that the percentage change in supply is 20%, the price elasticity of supply is 2 and the percentage change in the equilibrium price is 4%. What is the price elasticity of demand?
Graph the demand curve and the supply curve. What is the equilibrium wage and equilibrium number of gardeners hired?
Discuss what is the likely effect of this tax cut on wages, employment and tax revenues. What determines whether employers or employees will benefit the most from this tax cut?
What is the MRS Is this consumer at an optimum? If not at an optimum should the consumer buy more of the X good or more of the Y good?
Foreign workers make up roughly 90% of United Arab Emirates (UAE) population. If you compare UAE's GDP with its GNP, which is likely to be larger and why?
Subsidiaries that can help it hedge with foreign exchange derivatives. How could Carson use currency futures to hedge its position and what is the risk of hedging with currency futures?
Since this time last year is reported to be 1.7%. Therefore, elderly individuals who complain about the increasing cost of their medications have no real complaint. Discuss.
Virtually all of its funds are in the form of short-term deposits. Which of the following strategies would be most appropriate for this institution?
Draw a production possibilities frontier for guns and butter. Using the concept of opportunity cost, explain why it most likely has a bowed-out shape.
Will the substitution effect move you toward more or less consumption of coffee? Will the income effect move you toward more or less consumption of coffee?
Graph Paula's budget constraint and initial utility-maximizing choice, putting deli meals on the x-axis. Write down the equation for the budget constraint - what is its slope?
Applying this concept to technology and information today, what do we value? The price of an Apple laptop could cost twice as much as an equally equipped Dell laptop.
Probability ½ and -1 with probability ½. What is the (marginal) distribution of Y? What is the covariance between X and Y? What is the distribution of X conditional on Y?
Give examples of two consumer goods in your everyday life. One of the goods should be of higher demand than supply; the other good should show higher supply than demand. Examples may vary, i.e. fro
Before the game begins, an MSU fan offers you $100 for the ticket. Attending the game has a value of $75 to you. What is the opp cost of going to the game?
Then describe the advantages eBay might have had over Alibaba.com. Be sure to include a discussion of lock-in effects where appropriate.
"In the Undercover Economist, Harford discusses Greenbelts. What is a Greenbelt and how does it affect demand and/or supply? What are other examples of "greenbelts"?
Research comes out that supports that drinking more Green Tea helps to keep you healthy. Ceteris paribus, what would you expect to happen to the market (equilibrium P and Q) for Green Tea based on
The National Commission on BP Deepwater Horizon Oil Spill and Offshore Drilling released its report in full in January 11, 2011. The report stated: Evaluate whether and to what extent the human fail
He purchase more chips and less ice cream, purchase more ice cream and less chips, or stay at the same purchase level (10 units of chips and 7 units of ice cream) to maximize his utility? Why?
the government imposes a limit on what producers may charge. Cite at least two ways that consumers may be paying for these goods.
Consider a consumer who lives 2 periods. She has initial real wealth of 0, current real income of 90, and future real income of 110. The real interest rate is 10% per period. How much will she save
As many hours as she can work. If her goal is to maximize the amount of money she can make each week, how many hours will she work at the bookstore?
Total industry sales are $105million. The top four firms account for sales of $10 million, $9million, $8 million, and $5 million, respectively. What is the four-firm concentration ratio?