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Sally operates a large manufacturing firm near a federal land preserve known for its waterfowl and fauna. The federal government has long suspected that Sally and her Organization had ties to terrorist organizations and were involved in various criminal activities. The law enforcement officers obtained a search warrant to search Sally’s office for evidence linking her to environmental protections violations. They were however seeking to find evidence of other criminal; activities. After the search the federal government filed suit against Sally and her corporations charging them with criminal violations of various environmental protection as well as other criminal statutes. What rights do Sally and her corporation have that are guaranteed under the United States Constitution? Were the search conducted by the law enforcement officers and the evidence seized by them implicating Sally and her organization in violation of other crimes lawful?
Consider a country that produces shirts and autos. Shirts are produced with sewing machines (specific factor) and labor while autos are produced using robots (specific factor) and labor. Labor is mobile between industries. Show how going to internati..
a firm should hire a person as long as her marginal revenue product is greater than her marginal cost to the company.
Suppose someone stated that the Heckscher-Ohlin model is best-suited for explaining trade between developed countries and developing countries, while newer theories such as those of Linder and Krugman are best-suited for explaining trade among develo..
If a policy analyst imputes marginal willingness to pay for environmental quality to be equal to: MWTP = 245- 1.5EQ, where EQ represents a measure of environmental quality, what is the change in consumer surplus associated with an increase in EQ from..
Consider an economy that has the "typical" sacrifice ratio we discussed in the Power Points. If inflation is currently 6% and the economy would like it to be 2% within the year, that economy must experience a ____________% change in GDP (output).
A friend wants your advice. His aunt recently left him $100,000 that he must invest in one or both of two different corporations. The current price per share of each is $100. If your friend buys 1000 shares of the first corporation, what will be the ..
A 0.20-kg metal sphere oscillates at the end of a vertical spring.As the spring stretches from 0.13 to 0.21 m (relative to itsunstrained length), the speed of the sphere decreases from 5.3 to4.6 m/s. What is the spring constant of the spring?
To maximize profit a price discriminating firm should
Illustrate what problem is posed by any comparison over time of market values of various total outputs. How is this problem resolved.
The student could also have earned $15,000 by getting a job instead of attending college and 10 percent interest on expenses he or she incurs at the beginning of the year. Calculate the explicit, implicit, and the total economic costs of attending..
Firms hurt by cheap imports typically argue that restricting trade will save U.S. jobs. What’s wrong with this argument? Are there ever any reasons to support such trade restrictions?
Illustrate what are the major determinants of price elasticity of demand. Use those determinants and your own reasoning in judging whether demand for each of the following products is probably elastic or inelastic.
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