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Which of the following is/are an example of involuntary unemployment ?
1. a housewife
2. a student
3. a subsistence farmer
4. a pensioner
5. none of the above
You shop for groceries in 2007 and buy $300 of food. Two years later, in 2009, you buy an identical “market basket” of groceries, only this time it cost $318. What is the CPI relative to 2007 as the base year? Show calculations.
Determine which of the following combination of inputs is most closely reflective of decreasing marginal rate of technical substitution?
Suppose as well, that all voters favoring liberal candidates will vote, while only 50% of those favoring conservative candidates will vote. Create a graph to show how the political equilibrium will differ from an election in which all citizens vot..
Define inflation, discuss its causes, distinguish between anticipated and unanticipated inflation, and discuss the harmful effects of both on economic activity.
What are the three functions of money? Which function is the defining characteristic?
Elucidate what are some economic conditions that affect the cost of money
What factors amount for the rapid growth of the world trade since the second world war? Who are the major players in international trade today? Besides China and Japan, what other Asisan nations play signifcant roles in international trade?
The minimum wage is used by governments as poverty fighting measure. The use of such means of creating equity among the masses does not always result in desired outcome.
Based on your calculation of equilibrium and price ceiling quantities, demand is, When the government imposes a price ceiling = $12, disequilibrium between quantity demanded and quantity supplied results in.
Globalization has changed world economy in many ways. One result of globalization is off shoring which has had its share of economic impacts on domestic employment as well as world employment.
Discuss the nature of social and labor issues that domestic manufacturers will likely face with their international suppliers. Why is it usefull to understand the cultural background of a foreign supplier.
Describe how global competition impacts my organization. Should the Starbucks industry reduce production or shutdown their operations.
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