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International data show a positive correlation (i.e, relationship) between political stability and economic growth.
a) Through what mechanism could political stability lead to strong economic growth?
b) Through what mechanism could strong economic growth lead to political stability?
q. you read in a business magazine that computer firms are reaping high profits. assume that the computer market is
Demonstrate that inflation is always a monetary phenomenon in the long-run, and explain why it might not always be a monetary phenomenon in the short-run.
Is the price mechanism of a perfectly competitive market a good mechanism to allocate gasoline.
Do you find that in recent years that housing has became more difficult for consumers to achieve?
Suppose that the market for wheat is characterized by the following demand and supply relationships.
Suppose a household's annual take-home pay in 1951 was $8,320. Elucidate what would be an equivalent home pay in 1982.
The government decides to tax cookbooks because they feel that they encourage overeating and can lead to health issues, such as obesity and heart disease. Answer the following
Suppose that in January 2014, Joe Biden had borrowed $50,000 from his bank and paid an interest rate of 3%. He paid it back on December 31, 2014. What was the nominal interest C rate that Mr. Biden paid to his bank? (1) What was the real interest rat..
Non-enforcement of occupant loads have been at root of several large loss fires in past including Cocoanut Grove fire. Why is enforcement of this aspect of egress design so important. Examples from your own experience.
The equations representing demand as well as, inverse demand as well as, supply as well as inverse supply are as follows.
Explain what happens in these two markets as the number of sellers drops to only one seller. c) explain how part b) illustrates to the first experimental principle
what might prompt the government to establish this price ceiling? next suppose that the government establishes a price floor of $4.60 for wheat. what will be the main effects of this price floor?
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