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1. How has the educational system affected the quality of our labor force?
2. Explain the Malthusian theory of population. Is it relevant today anywhere in the world? Explain where and why.
3. How does the American savings rate compare to that of other leading industrial nations? What accounts for the difference?
4. What changes took place during the Industrial Revolution that made possible sustained economic growth?
5. If you were hired as an efficiency consultant by a large corporation, list the measures you might take to raise the productivity of the workers.
6. What is wrong with having tariffs and quotas? Which is the lesser of the two evils, and why?
From an economist's perspective, an important consideration for policies to address global warming is: When a producer cannot get all consumers of their product to pay for enjoying it, such as in the case of a fireworks display, then we'd have a dema..
The Shopping Channel (TSC) has contracted out the management of its large global network of thousands of computers to Morhel Communications (MC), a network management specialist.
Suppose and economy described by the Solow model has the following production function: Two neighboring economies have the above production function, but they have different parameter values. Atlantis has a saving rate of 28%, and a population growth..
Why might convertibility be important for the establishment of paper money? Would you expect it to remain as important if the paper money has the status of legal tender? Explain why or why not.
The size of the labor force in a community is 500, and 400 of these folks are gainfully employed. In this community, 100 people over the age of 16 do not have a job.
In October 2011, Apple introduced the iPhone 4S, which had new features, including camera and voice control, but sold at the same price as the previous iPhone model. How did the introduction of the iPhone 4S affect the Consumer Price Index? What fact..
Which of the following terms describes a contract based on information that cannot be observed by courts or arbitrators?
Leopold Bus Company runs daily service between Bigcity and Tinytown. It calculates that the average cost per trip (wages, gas, insurance, payments on loans, etc.) is $140. Will the sales of the standby tickets cover the average costs of the extra pas..
Calculate the following values, assuming a discount rate of 8%: Assuming an 8% discount rate, what is the future value of the following cash flows? Calculate how much money she could take out each year for the 20 years from her 41st birthday till her..
Describe the impact of an expansionary fiscal policy in an open economy using the ISLM model and the interest-rate parity relationship. Explain what happens to output, the interest rate and the exchange rate, using the appropriate graphs to illustrat..
A 10-year zero coupon $100 face value bond has yield of 6%. Through series of unfortunate circumstance, expected inflation rises from 2% to 3%. Assuming the nominal yield rises by an amount equal to the rise in expected inflation, compute the change ..
Barney's Liquids and Aunt Bee's Lemonade plan to expand their international partnership for the marketing and distribution of ready-to-drink tea products by adding 12 countries to their current markets. If the agreement is reached, operations are exp..
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