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assume that the combined consumer goods + capital goods values for points a, b, and c are $20 billion, $40 billion, and $38 billion respectively. If the economy moves from point a to point b over a 14-year period, what must have been its annual rate of economic growth?
If, instead, the economy was at point c at the end of the 14-year period, by what percentage did it fall short of its production capacity?
Explain how do they impact the domestic economies of nations. How do they affect individual business decisions.
Give the utility function U(x, y) = (x-4) 1/2 (y-2)- 1/2 , what is the minimum income needed to ensure positive utility?
Explain how has a more diversified labor force affected the corporate structure and the economy.
Do protectionist policies benefit producers, consumers, workers, or the government? Explain. b) Explain how the "Buy American" theme hurts Americans.
Consumption accounts for about 60% of GDP, while investments accounts for about 20% for GDP. But many economists think that, to understand economic recession, it is more significant to look at investment than consumption. Why?
Describe the effects of a price ceiling also a price floor on a market. As for what happens with pricing is different than equilibrium, a price Floor is Minimum wage.
Assume the government imposed a minimum price of $7 in the schedule of exercise 3. What would occur. Illustrate.
Prior to opening his hardware shop Bob worked as an investment banker earning $175,000 each year. He pays his employees $150,000 per year.
Analyze the modern notion of microfoundations with Marx's 'real foundation' for the analysis of economic activity.
Our economy thrives on competition. Market forces will lead company to produce the mix of goods most desired. Unforeseen events can be responded to in a rational manner.
Illustrtae what is the current cost of a share of stock for a firm with $5 million in balance-sheet equity.
Conflicts between Pat's statements and work. Do you see any conflicts among Pat's statements and trips to Europe.
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