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Many insurance companies sell health insurance plans to companies. In these companies the employees pick the plan, but the set of offered plans is determined by the company. Recently, Blue Cross-Blue Shield, a health insurance company, ran a television ad stating, "If your employer doesn't offer you Blue Cross-Blue Shield coverage, ask why." Explain the promotional strategy behind the advertisement. Can you think of another company that uses this same Ask marketing approach?
A U.S government bond matures in 10 years. It's quoted price is now 96.4, which means the buyer will pay $96.40 per $100 of the bond's face value. The bond pays 5% interest on its face value each year. If $10,000 (the face value) worth of these bonds..
Does it seem logical that the amount of labor supplied (hours worked) will decrease if the wage rate gets high enough? Why or why not? Will this phenomenon differ as related to a summer job or permanent employment?
As a result of the failure of Fed policy between 2004 and 2007: Between January 2004 and 2007, the federal funds interest rate increased from 1% to over 5%. As a result: Between January 2007 and January 2009, the federal funds interest rate decreased..
You have been given the daunting mission of opening the first GM dealerships in Iran (now that the sanctions have been removed ). Which cultural factors should you take into account as you prepare to do business there . In particular do any of Hofste..
Consider the method of calculating the present value of a college education, shown in the spreadsheet in the spreadsheet linked to in the Course Content slides. How would you change the calculation to make it more realistic, or more applicable to you..
What amendment to the Constitution includes BOTH the Equal Protection Clause and the Due Process Clause?
Suppose the economy produces only two goods: consumer goods and capital goods (K). Also suppose the economy is operating at full employment. Finally, suppose consumer goods are subject to legal price controls (price ceiling). Use a PPF to show the ec..
Karl Marx’s thinking is a product of the l9th century. There have been great economic, political, and technological changes since then. How are his theories to be evaluated today? Are they perhaps obsolete and outdated?
Which of the following statements about marginal utility is correct?
Consider the Ricardian model. Home has 1200 unites of labor available. It can produce two goods, apples (A) and bananas (B). The unit labor requirement in apple production is 3, while in banana production it is 2. Describe the patterns of trade (incl..
How is superior theory of comparative advantage of David Rivardo to the theory of absolute advantage Adam Smith? How the gains from comparative advantages emerge?
What would you say are the two biggest challenges for any company that wants to be a global contender? What are the possible outcomes of these challenges - meaning what would happen if the company fails? What can the company do to overcome or even pr..
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