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Credit cards are sometimes discussed as a public problem. In 2001, purchases on credit cards accounted for 21% of consumer spending in America, which has the lowest savings rate of any big country. Credit cards have also been blamed for America's high rate of bankruptcy. In 1998, bankruptcies reached a high of 1.4 million.
Maybe we can fix this blight. What would be the effect on the money supply if credit cards were banned? What about the effect on the demand for money? What other results, intended and unintended, can you imagine from the passage of such a law?
Suppose that a perfectly equal distribution of income existed in Disneyland. Which of the reccent residents would have the same income he or she has in present distribution?
Give three reasons why firms produce in Germany rather than in a lower-wage country.
Construct a table showing the marginal failure reduction (in units) and the dollar value of these reductions for each inspector hired.
What is the amount of the difference between the maximum premium and AFP, and what is this called?
The Heckscher-Ohlin model assumes that tastes are the same in Home and Foreign. Suppose now that tastes are different in Home and Foreign.
You're the absolute czar and head of union of 1,000 plumbers in Austin, Texas. You've the absolute power to set the wage at which the plumbers will work. You wished to achieve full employment at highest possible wage; (b) you wished to maximize the..
Which of the following strategies are used by businesses to capture consumer surplus? Nash equilibria are stable because
Assume that there're 10 million workers in Canada and South Korea and each worker in Canada and South Korea can manufacture four cars per year.
Budweiser, Miller and Coors who together produce 80% of all beer consumed in the US, each spend well over $250 million a year on television advertising campaigns, promoting their beer brands.
Describe what effect a contractionary fiscal policy would've on the price level and real GDP starting from full employment equilibrium.
Full employment income is estimated to be $11,000. The current interest rate is estimated to be 4.178 recent. While last year total business investment spending was $900.
What is the opportunity cost of going to a doctor to be examined for skin cancer? Would eliminating research reduce or increase the cost of U.S. health care?
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