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Some observers argue that the coming of electronic commerce on the Internet signals the arrival of a new era of global marketing, as online retailers of everything from books and music to soft- ware and outdoor gear make it possible to buy products without visiting stores. Assess how far this development has come by visiting a Web site for a retailer offering online shopping and see what the limits are on which countries they can ship to.
Some Keynesian economists criticize official unemployment statistics for understating extent of joblessness in United States. Which of following statements represent short comings of official unemployment rate reported by Bureau of Labour Statisti..
Suppose the short-run production function is q = 6L^2. If the wage is $12 per unit of labor, then: What is the average variable cost?
Our first look at bargaining: a simple version. A wealthy man has decided to allocate his fortune between his two children when he dies. For fun, he decides to include them in on the process. Can you identify any symmetric Nash equilibrium? If so, pr..
Calculate the constant debt-GDP ratio that the country can achieve if the country runs a primary budget deficit of 3%. Is this debt-GDP ratio stable.
q.gdp taxes di c i g cig1250 200 800 300 200 1500 200 1000 300 200 1750 200 1200 300 200 2000 200 1400 300 200 2250 200
Evalute with 95% confidence the decrease in percentage support between now and 6 months ago.
the quantity supplied of the Real GDP in the long run is $4.3 trillion. Evalute is the economy in short run equuilibrium. Will the price in long run equilibrium be greater than, of less than, or equal to 132.
Explain each of the following using supply and demand diagrams, With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.
A firm has enough retained earnings to finance an investment project. For this firm, the market interest rate:
Briefly contrast how firms in a perfectly competitive market will respond to long-run profits and losses. Include an explanation of each response affects the price level
Dennis is only interested in two things, eating food and playing the online multiplayer game Globe of Gratuitous Violence (GoGV) – a close competitor to world of war craft. Dennis’s utility is given by the function € U(q f , qg ) = 0.25ln(qf ) + 0.75..
Suppose that in January 2014, Joe Biden had borrowed $50,000 from his bank and paid an interest rate of 3%. He paid it back on December 31, 2014. What was the nominal interest C rate that Mr. Biden paid to his bank? (1) What was the real interest rat..
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