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Several cities are associated with specific industries: Akron with tires, Sunnyvale with computer chips, Orlando with tourism, Hollywood with movies. Why do such centers emerge?
Further assume the budget is balanced to begin with. When government spending increases by ΔGO, the government must borrow Δ(M/P). What happens to the LM curve when government spending increases
Elucidate why not the change in the price of military goods will be reflected in how the United States measures inflation.
Elucidate how OPEC would determine the price of oil and the level of output produced by the cartel. How would OPEC's price and output be affected by new discoveries of oil.
1. in 2003 a was 1507 billion dollars b was 7.274 billion dollars c was 2.054 billion dollars d was 1.624 billion
The income terms of trade improve? Explain
Define what is a change in the amount of a product that consumers will buy because of the change in price.
Suppose a company increases production from a point where marginal cost equals average total cost to a point where marginal revenue and marginal cost are equal. Is it a good idea for the company to do this? why?
Suppose that the United States is in the midst of a recession and a new president has just inherited an already large public debt.
In some of these countries, there have been moves to privatize the economy by selling state companies to private owners. Would the countries have borrowed more or less if their economies had been privatized earlier?
Assume that nation has a labor force of 100 people. In January, Amy, Barbara, Carine, and Denise are unemployed, in February, those four find jobs, but Evan, Francesco, George, and Horatio become unemployed.
In the case of logarithmic utility, Cobb-Douglas production, and delta=1, what is the equation for kt+1 as a function of kt? Comment on whether you find this surprising.
Why is popcorn so expensive at the movies Argue both that a high price for popcorn is price discrimination and then argue that it is not price discrimination. Identify all the factors that are or are not present, enabling price discrimination by t..
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