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The mayor of Gotham City, worried about a potential epidemic of deadly influenza this winter, asks an economic adviser the following series of questions. Determine whether a question requires the economic adviser to make a positive assessment or a normative assessment.
a. How much vaccine will be in stock in the city by the end of November?
b. If we offer to pay 10% more per dose to the pharmaceutical companies providing the vaccines, will they provide additional doses?
c. If there is a shortage of vaccine in the city, whom should we vaccinate first—the elderly or the very young? (Assume that a person from one group has an equal likelihood of dying from influenza as a person from the other group.)
d. If the city charges $25 per shot, how many people will pay?
e. If the city charges $25 per shot, it will make a profit of $10 per shot, money that can go to pay for inoculating poor people. Should the city engage in such a scheme?
illustrate the U.S. wholesale market for roses. Show on the graph the equilibrium in that market with no international trand and the equilibrium with free trade. Mark on the graph the quantity of roses produced in the United States
A country imports $800 million worth of goods and services and exports $600 million. The country's private agents purchase $200 million of foreign assets and foreigners buy $300 million of domestic assets
International Monetary Fund information indicate that, with 2000 = 100.0, Japan's export value index in 2006 was 95.3, its import price index in 2006 was 127.2,
Assume a scenario where you are an entrepreneur considering to expand your production of kitchen gadgets. You require to pay back a loan of $5,000,000 over 5-years.
Steve Kafka, an American of Czech origin and a franchisor for Chicago Style Pizza, has make decision to increase his business into the Czech Republic.
Based on the arguments, do the incentives of U.S. senators (who serve six years terms) differ from those of the members of the House of Representives (who serve two-year terms) when it comes to engaging in long term planning
If the average price of goods in Europe increase from 100 in year 2000 to 130 in year 2010. If the average price of goods in the U.S. rises from 120 in year 2000 to 140 in year 2010.
Assume that in England five man hours of labor are needed to make each cask of wine and five man-hours are needed to produce each bolt of cloth,
Wholesalers of roses (the firms that supply your local flower shop with roses for Valentine's Day) buy and sell roses in containers that hold 120 stems. The table provides information about the wholesale market for roses in the United States.
What will the effect be on the Dollar-Yuan exchange rate Indicate which currency appreciates in terms of the other, and which depreciates. Do foreign students in the US represent an import or an export
Determine what factors led to the mortgage default crisis and how did mortgage defaults affect banks involved in mortgage lending and mortgage investing Securitization
Based on the above data, and on your preliminary SWOT analysis from Applied Topic 1, write a 3-4 page essay on the overall health of the economy and what that means for your decision to do
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