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How will you stay up to date in your personal understanding of economic policies and principles?
Select an animal or plant that you are familiar with that is living now. Describe several characteristics of this present day animal or plant.
List the potential costs and benefits of placing a substantial percentage of pay at risk for all employees in the following types of organizations: a hospital, a restaurant, a brokerage firm, and a fashion design house.
Office equipment whose initial cost is $100,000 has an estimated actual life of 6 years, with an estimated salvage value of $10,000.
Suppose that a country has no public debt in year 1 but experiences a budget deficit of $40 billion in year 2, a budget surplus of $10 billion in year 3, and a budget deficit of $2 billion in year 4. What is the absolute size of its public debt in ye..
Representative consumers have the utility function U(C,Ls) = log(C) + log(1- Ls). Representative consumers have labor endowment of 1. So Ls must be less than 1. Write down the budget constraint of the representative consumer. Write down the maximizat..
One aspect of obtaining a college education is the prospect of improved future earnings in comparison to non-college graduates.
Illustrate what happens to output and the optimal scale of a firm, and price if there is a free entry into the market.
Suppose that a restaurant offering Ethiopian cuisine opened in a well diversed city. and became a great success. What would you predict would happen in the restaurant market for that city? Draw a graph illustrating the likely changes in the shape and..
What is the Nash equilibrium of the game? Why would this be called a prisoner's dilemma game?
"Neither monetary policy nor fiscal policy alone can be effective in formulating sound economic policies for recession." Do you agree or disagree.
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 5%, the growth rate of the velocity of money is 4% and that the real economic growth rate i..
Most recommendations for dealing with bribery and corruption are economic in nature; for example raising salaries, increasing punishment, and stepping up surveillance. Are there other ways to deal with corruption and bribery from a broad, social p..
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