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If the logic of classical economics was not at fault for being unable to fix economic problems of the real world, what was in Keynes' opinion?
In what publication did Keynes first discuss what would become known as the multiplier?
What two criticisms did Kahn predict the classical school would have concerning the multiplier effect of government investing in public works?
How many texts did Hayek put on his syllabus for his students at the London School of Economics to read?
How did Hayek and Lord Beveridge differ on National Socialism?
What is the relationship between a firm's total revenue, profit, and total cost and define economies of scale and explain why they might arise. Define diseconomies of scale and explain why they might arise.
Suppose that a small county is considering adding a guard rail to a dangerous curve by a river. The guard rail will cost $70,000. The average damage done to vehicles that slide off the road at the curve is $10,000. It is expected that the guard rail ..
From the perspective of an international marketing executive working in a multinational organisation, use relevant concepts to explain and analyse the key considerations when deciding to operate in new international markets.
Assume the average worker has 100 hours of leisure or work and could earn $10 an hour. Suppose the Social Security disability insurance (DI) program was structured so that otherwise eligible recipients lost their entire disability benefit if they had..
The real exchange rate shows
Suppose the United States sets a limit on the number of tons of sugar that can be imported each year. This is an example of a(n )?
You are the manager of a firm that receives revenues of $40,000 per year from product X and $80,000 per year from product Y. The own price elasticity of demand for product X is -1.5, and the cross-price elasticity of demand between product Y and X is..
Using a graph for each team and a few well-chosen sentences, show how the Phillies and Eagles may both be profit maximizing if the Phillies are not selling out Citizen’s Bank Park (45,000 seats) while the Eagles do sell out Lincoln Financial Field (9..
What are the key features of the consumption function? What causes consumption to rise or fall? Does the level of consumption deserve concern today?
What are the advantages of E-Commerce? Name all the specific cyber issues that have necessitated new laws? Explain what the term “spontaneous order” means? Name all of the factors that, according to Lawrence Lessig, govern both real space and cybersp..
Show how length of stay and seasonal demand stability might be important to a recreational tourism destination. What economics conditions made the growth of tourism possible in the nineteenth century?
Suppose you have initial wealth of 1000, current income of 2000, and future income of 2750. The real interest rate is 10%. For each of the following consumption points, is the point on your budget line, outside your budget line (so you can't afford i..
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