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According to Transparency International (2014) Why do you think the U.S. does not have a perfect score? What does it need to do to improve its corruption perception index?
plot the total, average, and marginal functions for both revenue and cost. [Note: Use a two-part graph similar to Figure 2.1 that places the total function in the upper part and the average and marginal functions in the lower half. What is true of th..
Assume that the economy experiences a supply shock, such as an increase in energy prices. If the government tries to counter this cost shock (supply shock) by using expansionary fiscal policy/monetary policy, explain what will happen to the level of ..
Assume that the labor demand equation for a fictional country is Ld = 30 – 1w, where w is the wage per hour worked. Assume also that the labor supply equation for that country is Ls = 0.5(w).
Find the equilibrium quantity and equilibrium price for the commodity whose supply and demand functions are given.
Because real investment by foreigners expands a country’s capital stock and hence presumably its output and income, why should any country consider restricting foreign investment?
How are the weights of the various household items in the Consumer Price Index (C.P.I.) basket decided, i.e., how are they re-evaluated every year? Is it done manually or automatically?
What is amount of China's foreign reserves by end of 2004. What problem is China facing as it continues to build huge foreign reserves.
(External Costs with Variable Technology) Think of an industry that pollutes water and has access to variable technology for reducing that pollution. Graphically illustrate and explain the impact of each of the following, other things constant, on th..
Consider a small country that is an exporter of good X. Suppose the government imposes a tariff on imports of good X. Using one graph, showing demand and supply of good X in the home country, carefully illustrate the effect of a tariff imposed by the..
Suppose a firm has a fixed $100 to spend on K=10, W=5. What combinations of inputs can the firm buy? What is the equation for the line that represents all of these combinations?
An auto-service establishment has estimated its monthly cost function as follows: What price should the firm charge to realize the targeted profit? What would be its (cost-based) markup ratio? Now suppose the demand curve the firm faces is: Q = 3000 ..
Present in detail the following two theories/models associated with “post-Heckscher-Ohlin” trade theory. In the case of each theory/model, be sure to indicate important characteristics of real-world international trade that the theory/model is attemp..
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