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Q1. Why do economists pay more attention to national economies than state or regional economies?
Q2. Determine what factors might contribute to a low level of productivity in an economy and compare these to rapid productivity growth experienced through the United States during the 1990s.
Illustrate what are institutional arrangements. Why are they considered important fundamental determinants of economic growth and development.
Carefully describe and show graphically how each of following changes would effect the shape of the IS curve:
If a fixed number of industrial polution permits are marketable; then we should just sell the right to smoke to highest bidders rather than ban smoking outright in many cities, restaurants, towns, business outlets, and bars.
Suppose you are an advisor to President Obama. Illustrate what fiscal policies would you put in place.
Determine the four phases of the business cycle? How long do business cycles last and how do seasonal variations and long-run trends complicate measurement of businrss cycle?
Green sister has a dso of twenty days. The firm average daily sales are $20,000. What is the level of its accounts receivable? Suppose there are 365 days in a year.
As the Federal Reserve utilize its special powers to buy and sell government bonds, how does buying and selling government bonds affect the supply of money in the economy.
Most nation are interdependent where trade is concern. We all depend on each other. Should America aim to be self sufficient in the production of goods and services, rather than depending on other countries for trade.
Over the past two decades, according to the U.S. balance of payment, the current accounts and the capital account balance tend to move in same direction.
Describe the impact of an increase in government spending on GDP using both Keynesian and classical points of view.
Elucidate this point of language so that it is understandable to someone untrained in economics.
Calculate the arc price elasticity of demand over this price and consumption quantity range.
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