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a) In what ways does the Krugman model of trade differ from the Heckscher-Ohlin model of trade? Carefully explain.
b) In what ways does the Linder theory of trade differ from the Heckscher-Ohlin model of trade? Carefully explain.
The notion of rent controls can be somewhat controversial. What is the economic rationale for a city to enact rent controls? What are a few unintended consequences of rent controls in large cities? Be specific.
Why does government mandate individuals to purchase their own insurance in some cases such as automobile liability insurance but directly provide insurance to people in or situations such as health insurance.
A paragraph or so, explain the differences between the public debt and the government budget deficit. Explain how deficit spending could be a burden to future generations.
What is the difference between a defined benefit pension plan and a defined contribution pension plan? A person starts work for a retail company and is treated reasonably well, at first. But after a few years she notices the company is suddenly putti..
What is the role of the financial system? Name and describe two markets that are part of the financial system in the U.S. economy. Name and describe two financial intermediaries.
How would you characterize the competition (market structure) in the restaurant industry? Are there submarkets? If so, do these submarkets have distinct competitive pressures? How may a restaurant maximize profits?
What is the 95% confidence interval estimate of the population mean flying time for the pilots? The mean number of hours of flying time for pilots at United Airlines is 36 hours per month.
What happens to the aggregate quantity demanded in nominal terms over this interval? Using the formula for price elasticity of demand what is the elasticity of aggregate demand over this interval?
imagine that you work for the maker of a leading brand of low calorie frozen microwavable food that estimates the
Is it unethical for the American government to engage in global trade with countries that degrade women, imprison political dissidents, censor information, and the like?
When the exchange rate falls, in the foreign exchange market the quantity demanded of the currency increases.
Why firms in artic nations are already developing specialized tanker ships and platforms for use in privately accessible artic areas? What are possible opportunity costs of opening Artic lands to private extraction of as-yet unavailable resource endo..
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