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Suppose that the Federal Minimum wage was recently increased from $7.25/hour to $9.00/hour. What impact do you think that will have on income inequality in the United States? Will those at the bottom of the economic ladder start catching up to those higher up? Why or why not?
AT LEAST two paragraphs please
Which of the following would NOT increase the supply of money in a fiat money economy?
If the maker of a patented drug sells the drug at a price above the equilibrium price, then there
Suppose a government has an initial debt of $5 trillion and the nominal rate of interest is 5%. if government keep primary budget in balance, what is the growth rate of its debt? if government keeps its total budget in balance, what s the growth rate..
If marginal utility is declining over a period of time during which the consumption of a good is occurring, If two goods have the same price, then
A volunteer fire department anticipates purchasing a fire truck in 3 years. Today it will cost $625,000 but the cost is increasing to 4% per year. Find the semi annual payments needed to accumulate funds to purchase the truck if funds earn 6% compoun..
Review Netflix 2013-2014 balance sheet, income statement, statement of stockholders' equity and statement of cash flows. Pay particular attention to sales and net income for the last two years. Comment on 2-3 items that you find remarkable on any of ..
How may you apply what you learned about supply and demand from the simulation to your workplace or your understanding of a real-world product with which you are familiar?
Suppose in Belgium the opportunity cost of producing a trombone is 8 clarinets. In Denmark the opportunity cost of producing a trombone is 6 clarinets. Which country has a comparative advantage in the production of trombones?
q1. suppose a firm in each of the two markets listed below were to increase its price by 30 percent. in which pair
Explain how do economists distinguish between the absolute and relative sizes of the public debt. Why is the distinction important.
Suppose Nation A can produce 2 million pounds of sugar per week OR 1 million pounds of rice in a week and Nation B can produce 10 million pounds of sugar per week OR 3 million pounds of rice in a week. If this is a two-good, two nation model
there was a month in which employment and the unemployment rate both rose. Assuming the computations were correct, how is it possible for both to have increased.
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