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Q1. When you were a child living at home, your parents or guardians paid for the food, utilities, and clothes that you use. (a) How did this "third-party-payer system" affect your behavior? (b) How did your parents or guardians try to limit these effects?
Q2. What is the most important function of the Federal Reserve System? Explain your answer. Can you detect any difficulties that the Federal Reserve System might encounter in implementing monetary policy?
Does either firm have a dominant strategy. Is there a stable equilibrium.
In country B the opportunity cost of 100 gallons of beer is 0.95 tons of cereal. Both countries can experience gains from trade if the exchange rate for a ton of cereal is 96 gallons of beer
Using a wholesale cost of $4 per case in each state, calculate the breakeven output quantities for each alternative.
Provide an appropriately labeled boxplot of the data below and use a randomization test to examine whether the null hypothesis holds that male and female turtles have the same mean serum cholesterol.
Suppose now the price of a cell phone minute falls to $.50 per minute. Show how this will change the budget line.
What is the equation for the AS curve. What restrictions on the parameters do we need to ensure that AS curve has a positive and nite slope.
These 3 basic trade-offs include which goods or services are to be created, how to create them, also who gets them.
A woman managing a photocopy establishment for $25,000.00 per year decides to open her own duplicating place.
Do sibs have the expected effect. Explain. Holding medic and feduc fixed, by how much do sibs have to increase to reduce predicted years of education by one year.
Assume that the central bank takes the drastic strategy in part 1, but that the private sector has rational expectations.
Gains from trade will result if a country specializes.
How many DVD's will she have to sell to keep the store open for an extra hour to make profit, if each DVD is $12.
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