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You decide to work in Japan for the next 10 years, accumulate some savings, then move back to the United States and convert your savings from yen to dollars. At the time of your move, economists predict that consumers in the United States have reignited their love of Japanese products, especially hybrid cars, and expect that this strong preference for Japanese products will continue for the next decade. How should this influence your decision to work and save in Japan?
What would the annual percentage change in velocity have to be on average for the quantity theory to hold.
Illustrate what price-quantity comb I country maximizes your firm's profits. Is Demand elastic, inelastic or unit elastic at the profit-maximizing price-quantity combination.
Consider the general equilibrium model on local public goods that we discussed in class. We found that the optimal population size
Assume your town decides to levy a tax to raise funds for construction, maintenance also other expenses for local schools. Should the tax be proportional, progressive or regressive.
Explain why do the Average Variable Cost curve and the Average Total Cost curve become closer as the quantity increases.
A farmer determined a natural gas preserve on his property.
A farmer has a production function f(L) where the input is capital (L). The cost of this loan is L(1+i). The farmer also has an outside option (loan from family member) which generates a profit of A.
Explain how many units of housing would the government have to increase the provider of housing in order to get the market equilibrium rental cost.
discuss several ways in which greater educational opportunities for young women could lead to faster economic growth in these countries.
We would expect the coefficient of cross elasticity of demand for DVD players also DVDs to be positive.
Health officials have suggested that the spread of AIDS can be partly contained if more males use condoms.
Illustrate the perfectly competitive market for root beer in chaseystan has achieved long run equilibrium.
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