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1. According to the movie Generation Zero, what are some of the root causes that lead up to the 2008 economic crash in the United States?
2. According to Keynesian economics, what impact would a balanced-budget amendment to our constitution have on our national economy?
3. Have Congress and the President taken appropriate steps to prevent a future crisis?
4. How Pluralits and Elites react to Organized Interest Groups?
5. In a perfectly competitive labor market, what will be the impact of an increase in labor productivity on equilibrium wages and employment? (Diagram needed,250 words needed)
From an economic perspective for each of these four arguments for restricting trade, what are your views? Does free trade only destroy jobs? Why or why not? Is the national security argument valid or not? Why or why not? For the "infant industry"..
Consider the optimal choice problem of labor and recreation. Suppose a consumer works the first 8 hours of the day at a wage of $10, but received an overtime wage of $20 for additional time worked. Draw the budget constraint on an optimal choice diag..
Variable-Margin Pricing If Ohio Desk Inc. sold mahogany desks at a 3% profit, steel managers desks at a 11% profit, and student desks at a 16% profit, (all at variable-margins), what would their overall profit be for the entire product line of desks?
One of the walrassian assumptions of the competitive (Walrasian) mechanism is all agents are endowed with "perfect information". What does it mean and what are the distinguishing characteristics? What other assumptions of the competitive mechanism su..
If a firm has a production function f(k,l) = 3k0.3l0.5 where r = 8, w = 9, and the price of output = 17, What is profit maximizing level of capital?
q.joseph jones a manager at computer science inc. csi received 10000 shares of company stock as part of his
Suppose in Fiscalville there is a 5 percent tax on the first $10,000 of income, but a 15 percent tax on earnings between $10,000 and $20,000 and a 25 percent tax on income between $20,000 and $30,000. Determine your marginal tax rate. Determine your ..
Determination about whether an individual is an Indian is made by:
Differentiated Bertrand. Consider a Differentiated Bertrand model in which demand is given by q1 = 100 – p1 + p2 and q2 = 100 – p2 + p1 for firm 1 and firm 2 respectively and where both firms faced zero fixed costs and constant marginal cost = c. Sup..
There is difficulty in confronting trade-offs between environmental preservation and other economic and social activities. The longer we defer decisions, the more stark the trade-offs. Would these resources continue to exist if we continue our curren..
An insurance agency sells auto and home insurance policies and has 1000 clients. The data below show the distribution of the clients. 300 clients purchase only auto insurance policies 500 clients purchase both, auto AND home insurance policies 200 cl..
Explain how a large increase in the income level in U.K., along with no growth in the U.S. in come level lwill effect U.K. demand for U.S. goods and the value of british pounds. ?
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