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Choose the 10-year period of history between 1950 and today that you are going to research for your final project, and discuss it in this discussion forum. What is it about this period of history that interests you? What are some major economic events that took place during this period? In your response posts to your peers, make a comparison between economic events of the decade they chose and a current economic event.
Let’s try an application of the Heckscher-Ohlin model to our countries of Leinster and Saxony, which produce and consume bread and telephones. You may assume that the only two factors of production are labor and land. If Leinster has 8 million acres ..
How are products to be produced? Who is to decide what and how much to produce? Who is to receive the output of the system? The term "consumer sovereignty" means that: "How is the product to be distributed among people when commodities and services a..
If oligopolistic firms banded together with the intention of acting like a monopoly it would likely result in their being able to
What is the effect of a decrease in wealth on the IS-LM-FE graphical model, as well as what it would do to the original real wage rate, employment, output, real interest rate, , consumption, private saving, investment, and price level in short run eq..
Suppose you own a home remodeling company. You are currently earning short-run profits. The home remodeling industry is an increasing-cost industry. In the long run, what do you expect will happen to
A local church parish wants to raise money to add to their campus. In a sample from a previous fund raising campaign, the parish found that of the 136 people in the sample they contacted, that 67 actually contributed money. When testing (at the 5% le..
Consider the market for cheesesteak sandwiches in an economy with the market equilibrium price of $5.00 per cheesesteak sandwich. Suppose that the current price for one cheesesteak sandwich is $8.00. At this price, the market is economically (ineffic..
Find out the equilibrium price and quantity that will prevail in the market. At a price of $10, would there be a surplus or shortage.
A contractor must choose between buying or renting a crane for the duration of a 4 year construction project. The contractor uses an MARR of 8%. Renting the crane costs $300,000 per year including all operating and maintenance costs. Determine the in..
The owner/manager of an athletic shoe store has revenue of $260,000 per year and labor, interest, inventory, and miscellaneous expenses of $200,000. The owner also owns the building the store is located in. It would rent out for $5,000 annually. What..
q1. short run profit maximizingthe producer of high-quality flatbed scanners is tiresome to decide what price to set
While Greece needs help, the German economy has also suffered major recession itself. As an advisor, how would you advise the chancellor: to bail out or kick out Greece? As a German taxpayer, are you willing to pay higher taxes to help Greece? What a..
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