Q1. Explain the effects of the increase in global demand for cell phones on the market for cell phones and on an individual cell-phone producer in the short run?
Q2. Suppose you purchase a three year, 5% coupon bond at par and held it for 2 years. Throughout that time, the interest rate falls to 4%. Calculate your annual holding period return.
Q3. Economists argue that the move from barter to money increased trade and production. How is this possible?