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1. What is the difference between Microeconomics and Macroeconomics? and what are the similarities?
2. Explain under what conditions it would be rational for a woman who could earn more than her husband in the labor market to specialize in housework.
3. Why not just pay employees whatever it takes to get them to take a job and to show up to work everyday?
4. Explain how and why anabolic steroids are abused and the social impact of that abuse.
Statements best describes the twelve Federal Reserve Banks - When the Federal Reserve buys U.S. government securities on the open market. this tends to bank reserves and the money supply
A firm's current profits are $700,000. These profits are expected to grow indefinitely at a constant annual rate of 3 percent. If the firm's opportunity cost of funds is 5 percent, determine the value of the firm: The instant before it pays out curre..
Elucidate in detail the interrelationships between economic facts, theory, and policy. Critically evaluate this statement: "The trouble with economics is that it is not practical. It has too much to say about facts."
How does game theory explain why strategic moves fluctuate? Some oligopolies use a form of implicit cooperation called price leadership, which is legal in the US. Why do you think these firms try to engage in this practice? And why does price leaders..
Identify some pros and cons associated with a cap-and-trade (CAP) program. Does its implementation increase costs? Is it appropriate to describe CAP programs as merely a way for "big business" to buy their way out of meeting environmental compliance?
Using economic analysis and the guiding principles of sustainability, between the farmer subsidy solution and the principles of sustainability solution, justify which solution is best? Why?
As a result of a decrease in the value of the dollar in relation to other currencies, the level of American imports and exports change. Consequently, there is a(n): increase in short-run aggregate supply. Decrease in the quantity of aggregate output ..
Suppose that for a firm that digs ditches for laying cable or pipeline, backhoes and backhoe operators are pure complements in production, being used on a one-for-one basis. Draw the isoquants (on a graph with backhoe, “K”, and backhoe operators, “E”..
Graph these functions and find the non-zero equilibrium. Prove that the equilibrium at (0,0) is not stable. Suppose that school inputs improve by one unit, from 10 to 11. What is the immediate impact on education (before health can adjust)? What is t..
What is your monthly interest rate and what is your annual effective interest rate? What is the future worth of a series of equal monthly payments of $5,000 if the series extends over a period of six years at 9% interest compounded? You borrowed $150..
What does the airline pilot’s supply curve in the Case in Point on how she has dealt with wage cutbacks look like? Does the substitution effect or the income effect dominate? How do you know?
Describe the characteristics of optimal contracts in principal-agent problems when the agent (manager) is risk neutral.
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