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Identify and discuss risks that you may face during a semester as a student. Classify such risks into three groups, i.e., risks that insurance contracts generally exist to help you manage them, risks that some type of government or social policy exists to help you deal with their consequences and the risks that neither insurance contracts nor public programs exist to help you deal with their outcomes.
Assume that wages and prices are sticky and that we start at a long-run equilibrium. Assume that at this initial point, the growth rate of the money supply is 6%, the growth rate of the velocity of money is 2% and that the real economic growth rate i..
A more serious problem with input-based pay systems (e.g., a wage her hour), relative to an output--based system, is:
Why are vision and mission statements important to strategic development? How might leaders and managers view and use vision and mission statements differently?
On Friday night, Elton and his partner Rodney are deciding where to go for dinner. The choices are Indian, Korean, and Mexican. Elton most likes Indian food and most dislikes Mexican food, whereas Mexican is Rodney’s favorite and Indian is his least ..
What are the effects of inflexible prices? What are the fundamental questions on demand shock? Why are the demand shocks so important? Why government is responsible in resolving economic shocks?
Explain why profits get eliminated in competitive markets. Explain why price exceeds marginal revenue in monopoly. Describe how a monopoly sets output and price.
What costs are associated with imperfectly anticipated inflation? Discuss them carefully. Who loses, and who gains, when inflation is higher than we expect?
What are the annual accounting costs for the firm described above? What are the annual explicit costs for the firm described above?
Which of the following tends to make aggregate demand shift right farther than the amount that government expenditures increase?
Suppose there is a $200 billion recessionary gap. If there are no taxes or imports to restore the economy back to potential GDP how much should government expenditure be changed if the marginal propensity to consume is 0.75? Does government expenditu..
Many small companies use accounts receivable as collateral to borrow money for continuing operations and meeting payrolls. If a company borrows $230,000 now at an interest rate of 16.00% per month, but the rate changes to 18.00% per month after 6 mon..
For each of the following scenarios involving the U.S. government, determine the primary function of government that is being served. Microsoft, the operating system giant, was recently accused of illegal business practices aimed at significantly inc..
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