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Q1. What does monumental architecture imply about the cultural values and the socio-economic-political organization of the society that created it?
Q2. In 2008, the price of oil rose sharply on world markets. What impact would you expect there to be on the aggregate price level and on real GDP? Exemplify answer with aggregate supply and demand curves. What would you expect to be the effect on interest rates if the Fed held the money supply constant?
Prices the selling monopoly charges for TV sets in periods 1 and 2.
What s the general pattern of the US income distribution over the last century. Explain about the timing of the changes.
Explain how are protectionist policies from other nations predicted to affect China's relative supply and relative demand.
If the government uses a tax to get producers to internalize their externality, what is the net price received by producers.
Elucidate an example of a microeconomic and macroeconomic phenomenon. Would you give an example of a microeconomic decision you have made at home or work.
Explain an economy is initially in equilibrium at the natural level. The central bank increases the money supply.
Suppose that, instead, the market quantity demanded at a price of $1.33 is only 75,000. How many firms do you expect there to be in this industry.
The Australian government administers two programs that affect the market for cigarettes
Any goods from all should be of higher demand than supply; the other good should show higher supply than demand.
A woman managing a photocopy establishment for $25,000.00 per year decides to open her own duplicating place.
Show that these choices are inconsistent with expected utility maximization.
Given a binomial random variable with n = 60 and p = 0.36 find the probability of obtaining between 25 and 35 successes inclusive, to three decimal places.
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