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1. Explain that how the physical state of the hazardous substances has potential for harm.
2. What is moral hazard? List three things an employer might do to reduce the severity of this problem.
3. Why is the Solow Model considered an “exogenous” growth model and the Romer Model an “endogenous” growth model?
4. Define signaling and screening and give an example of each.
5. What is adverse selection? Give an example of a market in which adverse selection might be a problem.
Which of the following is true regarding a constant cost firm?
Why are some products elastic and some inelastic? Why do some businesses charge consumers different prices for the goods? ( I.e. airlines,autos) What is comparative Advantage? What role does it play in international trade? Name and explain two source..
Determine whether the taxpayer in each of the following situations has realized income. Explain why there has or has not been a realization, and determine the amount of income to be reported.
Name 5 stylized facts about the business cycle.2. Rank order these three ideas from "most optimistic about how a temporary tax raises consumer spending" to "least optimistic" about the same, and explain.
For the past few years, Cuban baseball players have been leaving their country illegally to play professional baseball in the United States. (Ex. Yasiel Puig, Rusney Castillo, Jose Abreu). What laws in Cuba are restricting them from leaving legally? ..
When countries such as the U.S. promote production of domestic cotton, developing countries that produce cotton are hurt. Why?
What is a duty that managers owe to the corporation? Discuss an example of how a manager may uphold that duty in a positive way. Provide an example of an act or omission that depicts a manager violating the duty.
As discussed in the course, the U.S. Economy passed through what has now come to be known as 'The Great Recession'. The government and the Federal Reserve responded with different fiscal and monetary policies. Identify these Monetary and Fiscal polic..
R = 3% (annual domestic interest rate), R* = 5% (annual foreign interest rate) E = 2 (current spot rate; expressed as the price of pound in terms of us dollar) If the domestic money supply increases by 10% and drive the interest rate down by 1% in th..
Write down the consumer budget constraints when young also when old the consumer lifetime budget constraint the government budget constraint also the market clearing conditions.
Suppose that a pay equity plan has just been put in place in your organization. The pay equity consulting firm did a job evaluation and assigned points to each of the male-dominated and female-dominated jobs.
The demand for and supply of shekels in the foreign exchange market is Demand = 30000 – 8000 e Supply = 25000 + 12000 e where the nominal exchange rate is expressed as dollars per shekel. What is the fundamental value of the shekel?
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