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Loans and Debt.
Discuss the process of debt accumulation in poor countries, ie, how loans are granted, fall behind in payment, and eventually often lead to a crisis and perhaps "debt relief." How can a negative cycle be avoided? Should we be granting debt relief, if so, on what terms? How is this related to capital flight
Let two items be chosen at random from a lot containing 12 items of which four are defective. Let A = {both items are defective} and B = {both items are nondefe
In class, we discussed a first price sealed bid auction with two bidders. Each bidder’s valuation v was a random draw from the interval [0, 1] according to the uniform cumulative distribution function F(v) = v for 0 £ v £ 1. Now suppose there are n ≥..
Toby is indifferent between the bundles (9, 3) and (5, 5). When Toby is at (9, 3), he would be willing to give up one unit of y if he were to receive two units of x. If Toby is at (5, 5), he would be willing to give up four units of x if he were to r..
One point made is that most demand curves are downward sloping. Can you think of any situation where an individual's demand curve for a product is upward sloping.
The yearly demand for coffee by U.S. consumers is given by the demand curve QD=250-10P, where Q is quantity.
1) Consider a recent scandal in current events and summarize what happened. 2) What do you think was the main cause or contributing factors that led to the scandal?
Government policy has typically been driven by political ideology. Radical writers argue that the MNE is an instrument of imperialist domination, but the free market view argues that international production should be distributed among countries acco..
Examine how the Federal Reserve controls the money supply. In a paper, formulate how the independence of the Federal Reserve should or should not be modified in any way. Support your conclusions with references to the textbook and other resources.
In 2010, 40% of all U.S. corn production was used for producing ethanol, while 60% was used for consumption in or as food products. In 2011, a prolonged drought reduced the overall production of corn by 30%, from 10 million bushels to 7 million bushe..
Consider the following statement. "Winter ice storms that sometimes hit Chicago are good for the economy. They create many jobs to remove downed limbs and replace trees and bushes." Do you agree that ice storms are a net benefit to the economy? To an..
Henry Ford believed that he could increase sales of the Model T by? 1,000 cars for every dollar he cut the price. Use this information to calculate the price
A manufacturer of small plastic injection molded parts (caps, closures, fitments and pipettes) was experiencing static electricity problems during various steps in their molding and handling operations. The static caused the plastic parts to cling to..
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