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Suppose (contrary to fact) that the Scottish independence referendum had passed, Scotland had become independent, and you became its finance minister. Your first order of business is to recommend a currency for Scotland. Three proposals have been made: that Scotland adopts its own currency, that it use the English pound, and that it use the Chinese Yuan (formally, the renminbi). Please make a recommendation to the Scottish parliament. Rank all three alternatives and explain why you rank them that way.
Whenever the amount of output produced is not as great as the amount that the economy is capable of producing, there is a positive GDP ___________ and cyclical unemployment will be the result.
It is a common belief that social security benefits will run out in the near future. How can we save social security?
If a $24 per share stock has a P/E ratio of 20 and pays out 40 percent of its profits in dividends, How large is its dividend? What is the implied rate of return?
A large percentage of the world supply of diamonds comes from Russia and South Africa. Suppose that the marginal cost of mining diamonds is constant at $1,000. What would happen to South Africa’s profit if it increased its production by 1,000 while R..
Describe each alternative`s break even pontin unit. At what volume of output would the two alternative yield the same profit.
What are the necessary conditions for economic efficiency? In what four situations might a market fail to achieve ideal economic efficiency?
Suppose that Missing Link must pay a tax equal to 40% of its gross revenue. What is the optimal number of machines for the company.
Elucidate the rationale and the implications of the new guidelines used by the Department of Justice and the Federal Trade Commission for evaluating proposed mergers.
A construction manager just starting in private practice needs a van to carry crew and equipment. She can lease a used van for $3,141 per year, paid at the beginning of each year, What is the most she should pay for uniform annual maintenance to make..
Which of the following best describes economies of scope?
Define the Law of Supply? Keeping in view the Law of Supply, how the following factors will shift the supply curve? (Each answer must be supported by a neat diagram):
Each of the five nations that have been asked to bid for the broadcast rights for the London 2016 Games. Prepare to negotiate prices and other organizational details.
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