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How do government policies and/or regulations factor into changes in economic activity on both a domestic and global scale? •Give a specific example of a policy or regulation that has helped economic activity. •Give a specific example of a policy or regulation that has hindered economic activity. •If you were an economist who was tasked with evaluating this policy or regulation, what are some ideas you would suggest for changing it in a way that would achieve the same goal but not hinder economic activity? •Finally, state whether or not you enjoy these types of evaluations and if you would consider these types of responsibilities in a future career.
Be sure to clearly indicate what happens in the market for loanable funds, to net capital outflow, and in the market for currency exchange.
Suppose that the required reserve ratio is 10% and banks have no excess reserves. The total demand deposit in the system is $100,000. Now the monetary authorities lower the required reserve ratio to 5%. Which of the following will likely follow? Expa..
The market demand curve for a monopolist is given by Q=20-0.5P. What is the average revenue function for a monopolist in the market? What is the marginal revenue function that corresponds to this demand curve?
sales in joint facilities are lower than sales in two separate facilities. Elucidate what do these numbers imply for the decision of when to open a shared facility versus two separate facilities.
Describe how, if at all, each of the following developments affects income, the exchange rate, and net exports in an open economy with floating exchange rates: Suppose the government wishes to lower the exchange rate, ε, but not to change real output..
How would you go about measuring return, how would you decide if it is good enough to warrant investment and in what sense is education capital.
Can a monopolistically competitive firm producing a good with lots of very close substitutes earn large positive profits in the long run? Please explain.
Compute various indicators of the state of the labour market using the following information. Please show all of your working. If you do not, you will receive zero marks for the question(s).
An account earning 8% interest, compounded annually, is opened, and a deposit of $1000 is made into the account. Find the function giving the value of the account A in terms of the number of years the account has been open, t.
Farm workers in Oaks Farmville face a 1/198 probability of death at work and each of them receives a yearly wage of $61,000. Farm workers in Valley Farm face a 1/54 of death at work. Assume that both kinds of job require the same level of skills, eff..
A fleet manager must choose between two trucks to purchase for a company's fleet. The company will keep either truck for 4 years. Truck A costs $29,000 and has a market value of $16,000 after 4 years. Truck B costs $33,000 and has a market value of $..
An industry comprising a small number of firms, each of which considers the potential reactions of its rivals in making price-output decisions, is called
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