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Discuss the merits and disadvantages of GDP as a measure of a nation's standard of living. Think of a country that has a lower GDP but perhaps a higher standard of living than the United States, and compare the two. How can we reconcile these two statistics?
In health economics, define what is meant by intensive margin and extensive margin. Thinking about a diagnostic test such as breast cancer screening, describe what it means to increase the use of the test (1) on the intensive margin and (2) on the ex..
Are the Internet business models B2C and B2B useful or do these models oversimplify complex business relationships?
As long as marginal cost is below marginal revenue, a perfectly competitive firm should. The “Schools of Thought” handout shows.
When the investment rate in a country decreases permanently (as a result of discouraging fiscal policy such as an increase in investment taxes, for example), does it impact the level or the growth rate of output per worker? Explain briefly what happe..
Currently, the demand equation for baseball bats is Q=300-5P. the current price is $15 per bat. is this the best price to charge in order to maximize revenues? If not, indicate what price you should charge and quantity that you should produce in orde..
There are three retirement plans under development. Each plan has a 6% compounded monthly and you cannot take a withdrawal until year 20. One plan requires a payment of X/year for the next 10 years. The other requires a payment of Y each year from ye..
In times of a struggling economic situation, determine the key steps that the Federal Reserve should take to help stabilize the economy. Next, explain how your proposed steps will affect money supply, interest rates, inflation rate, aggregate demand,..
What are some problems that stress has created in the workforce? How could having a job during college create added stress into a college student's life? What are some stress warning signs? What are some stress management techniques you can utilize i..
At a management luncheon, two managers were overheard arguing about the following statement: "A manager should never hire another worker if the new person causes diminishing returns." Is this statement correct? If so, why? If not, explain why not.
Consider a market where the inverse demand is P = 1200 − Q. Firm 1 and firm 2 compete by setting their supply quantities. Both firms have a unit-cost equal to 300. Assume we can analyze the interaction between firm 1 and 2 as a simultaneous-move game..
You are the president of a commercial bank that is also a member of the federal Reserve System, and you wnat to increase your bank's reserves. but you currently have negative excess reserves, how would you raise your bank's reserves? what effects wou..
A bank has asked you to create an accounting program that will allow their customers to enter and track information on deposits and withdrawals. This information should be sortable by date. Write a 1-2 page paper, indicating how you would structur..
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