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1. Distinguish macroeconomics and microeconomics.
2. What is the difference between positive and nonnative economics? How can knowledge of positive economics be useful in normative economics?
Describe the ultimate goal of the product campaign for the new shampoo - Discuss your methods for achieving this goal.
What monetary policies do you think caused the crisis - What were the effects of the policies implemented in reaction to the crisis?
Define transfer payments and give an example. Describe why transfer payments are not included in GDP. Determine which components of GDP would be affected through following,
In current years non-tariff barriers have gained in importance as a protectionist device. Describe and evaluate the major non-tariff trade barriers.
What is the combined (total) demand schedule for Belgian cocoa beans that European and USA consumers buy?
In 1999, the Office of the Under Secretary of Defense projected that the ENR Building Cost Index (BCI) would increase from its 1999 value of 3423 to 4098 in 2012. If the actual value in 2012 was 5167, what was the difference betwee..
Suppose that the total benefit and total cost from an activity are, respectively, given by the following equations: B(Q) = 28Q – 5Q^2 and C(Q) = 100 + 8Q. (Note: MB(Q) = 28 – 10Q and MC(Q) – 8.)
In early 2001 investment spending sharply declined in the United States. In the 2 months following the September 11, 2001, attacks on the United States, consumption also declined. Use AD-AS analysis to show the two impacts on real GDP.
Assume the United States government determines that the cigarette smoking creates social expenses not reflected in current price of cigarettes in the market.
Pick a recent newspaper article (New York Times, Wall Street Journal, etc.) that focuses on D.R. Horton or the industry that D.R. Horton fits in. Describe the event and the issue of D.R. Horton. (Summarize the article by including who, what, when ..
When an inefficient firm or a firm producing a product that people no longer want goes out of business, people are unemployed,but that is part of the normal process of economic growth and development. The unemployment is part of the natural rate and ..
a government data processing center has been plagued in recent years by complaints from employees of back pain.
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