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Historically the gold standard was the anchor for nearly every traded currency. Explain how the gold standard worked as nations traded domestically and internationally at fixed exchange rates.
Today, most of our monetary transactions are done with plastic or via bank apps, all of which are easily tracked. Even craft vendors at small town festivals use apps on their smart phones and tablets to accept cashless payments. What behaviors would ..
Consider the distributional effects of agricultural productivity due to global warming. Discuss some of the ramifications this outcome would have on regional economies, national economies, and world trade.
An engineer borrowed $3000 from the bank, payable in six equal end-of-year payments at 8%. The bank agreed to reduce the interest on the loan if interest rates declined in the United States before the loan was fully repaid. At the end of three years,..
Suppose a person has $20 to spend on music and likes both rap music (R) and country music (C) with a set of preferences so that U=C^1/2R^1/2. Write down the budget constraint equation for him. Show his optimal consumption choice in a graph. Use the h..
Two similar surgeries, breast reconstruction and breast augmentation, have different prices. Breast augmentation is cosmetic surgery not covered by health insurance. Patients who want the surgery must pay for it themselves. Breast reconstruction foll..
A high-tech water filter costs about $71 and can filter 7200 ounces of water. This will save you purchasing two 20-ounce bottles of filtered water every day, each costing $1. The filter will need replacing every six months. How much will you save in ..
Many argue that the Affordable Care Act didn't go far enough and think a single payer system would have benefited citizens more. This would take employers out of the equation and eliminate the employer mandate. Discuss the pros and cons of removing e..
Suppose you bought a bond on October 1, 2015 for $1,000 that pays you interest at 10% annually ($100 per year). The bond you purchased matures on October 1, 2025. Next year, on October 1, 2016, another student buys a bond for $1,000 that matures on t..
Given the following annual information about a hypothetical country, answer questions a through d
Research a company that has been in the news for a significant business decision within the last 18 months. Summarize the decision that was made, and state your opinion on whether it was a good or bad move for the company. Post a link to the article ..
Evaluate the performance of using the composite index of leading indicators in forecasting the recession in the U.S. (you may need to search additional information for answering this question).
Inflation has traditionally been a concern of the Federal Reserve. Recently, there has been the possibility of deflation. Should the Fed be concerned with deflation of prices? What about targeting 'nominal GDP'? Can deflation occur without recession?..
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