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Q1. Explain why do some economists consider that better inventory control software as well as systems might help to decrease the frequency and severity of recessions caused by mild demand shocks? Explain how could those same inventory systems quickly transmit large demand shocks directly to sudden, deep recessions?
Q2. The Fair Labor Standards Act establishes a federal minimum wage of $7.25. Law of 1969 recognized greatest rental rates for apartments in New York City. Explicate how these controls can lead to shortages, especially in the long run. Critics of New York City rent manage system contend wealthy.
Suppose a politician promises a program that will give Amanda and Britney 70 units of utility for each.
Calculate the amount of former foreign monopoly profit that is transferred as tariff revenue to the home country when the home country imposes the tariff.
The trade or business of manufacturing dolls and accessories
Do current politicians use to manage and influence to get reelected. Is this a "valid" use of political power.
Explain how this new inflationary environment would affect the demand for money according to portfolio theories of money demand.
The production process requires labor and capital as inputs. Labor costs $6 per labor hour and capital costs $12 per machine hour.
What would you expect to be the effect on interest rates if the Fed held the money supply constant.
On the same day, the San Francisco Chronicle had an article with the headline "Sharp Drop in Bay Area Home Sales"
Provide an appropriately labeled boxplot of the data below and use a randomization test to examine whether the null hypothesis holds that male and female turtles have the same mean serum cholesterol.
Free zone would happen if the central bank lowered the federal funds rate and buy securities on the open market.
The factory operation creates smoke that affects nearby homeowners, causing respiratory ailments and similar problems.
Outline any two reasons, why the marginal revenue product differs between workers in different jobs.
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