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Many years ago, the Wall Street Journal published an article about a dating service. The article noted that men were charged $300, above the $250 charged for women. The dating service's owner said that the difference in price compensated for inequities in pay scales between men and women. Which of the following statements below is an alternative explanation that an economist would look for?
A country with a relatively small + aggregate demand shock (a shift outward in the AD curve) may have a substantial economic boom, but sometimes countries that have massive increase in the AD curve (hyperinflation countries like Germany before WWI..
Assume that tuition prices suddenly go up 20 percent. What impact will this single price increase have on the CPI.
What is the value of the marginal propensity to consume and calculate the equilibrium level of GDP - what is the value of the government purchase multiplier?
A mathematically fair bet is one in which amount won will on average equal the amount bet,for example, when a gambler bets say, $100 for a 10% chance to win $1000
Steady state in a calibration of the US economy in 2000. In this problem, suppose that rate of growth of the work force is n = 0.017 and there is no exogenous technological progress.
The production possibilities curve is an important model of how much an economy can produce given resources & technology.
Illustrate what are some advantages of a unionized organization. What are some disadvantages.
Assume the supply of good X is given through Qsx = 10 + 2 Px . How many units of good X are produced if the value of good X is 20?
Illustrtae the difference among concretionary and expansionary fiscal policy.
Explain the concept of externality. What does it have to do with the efficient allocation of resources?
Leisure-Time boats is a manufacturer of mid-to-high end boats with 12 sales territories throughout the U.S. Sales are generated by salespeople in each territory who develop relationships with boating distributors and related retailers.
Illustrate how you would use the rest of the information above to better assess the impact of the influx of immigrants.
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