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You have convened a selection panel to be involved in hiring an accounts clerk for your organisation. A number of the people on the panel have not been involved in the recruitment process before. In approximately 200 words explain what training and support might be required by these people.
In the context of international financial crises, what mathematical methods have Economists employed in order to quantify financial contagion?
If the demand for gold residue high explain what would happen to the price in excess of time.
Assume that capital is perfectly mobile, the price level is fixed, and the exchange rate is flexible. Now let the government increase purchases. Explain first why the equilibrium levels of output and the interest rate are unaffected. Then show whethe..
Imagine that you were the president of an emerging country that is trying to reduce the number of its imports
Elasticity: The New York Times reported (Feb. 17, 1996) that subway ridership declined after a fare increase: “There were nearly four million fewer riders in December 1995, the first full month after the price of a token increased 25 cents to $1.50, ..
A tractor for over-the-road hauling is purchased for $90,000. It is expected to be of use to the company for 6 years, after which it will be salvaged for $4,000. Calculate the depreciation deduction and the unrecovered investment during each year of ..
In December 1992, the federal government began requiring that all foods display information about fat content and other ingredients on food packages. The displays had to be verified by independent laboratories. The price of an evaluation of a food pr..
The government is considering purchasing some excavating equipment. It has a first cost of $65,000, will result in annual savings to the public of $20,000 per year, and will be sold for $15,000 at the end of its useful life. The useful life is 5 year..
What is the opportunity cost of an extra 10h shift at work, if your alternatives are to spend a maximum of 4h with friends at a bar (valued at 30$/h), doing problem sets for a maximum of 2h (valued at 10$/h), and suing for any amount of time (valued ..
New source bias may exist for mobile sources. Briefly discuss why this bias leads to a solution that is not cost-effective. What policies would you implement to eliminate this bias?
Suppose the government institutes a tax on soft drinks. Assume that short-run and long-run demand curves are the same, while the long-run supply curve is more elastic than the short- run supply curve. Compare the tax incidence in the short run to the..
While grading a final exam a professor discovers that two students have virtually identical answers. He talks to each student separately and tells them that he is sure they shared answeres, but he cannot be sure who copied from whom. Assuming the stu..
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