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1. Provide two pro-growth and two anti-growth arguements.
2. What kind of economic policies do structural adjustment programs require? Discuss
Identify and discuss at least two economic phenomena for which the linear-in-parameters/linear-in-variables regression model may not be appropriate (besides any mentioned in the text).
The price of chicken wings go up during the super bowl. Graph and explain what has happen and why. What curve shifts and what curve is there a movement on? Only one curve is allowed to shift in these examples.
Suppose the MWTP in periods 1 (now) and 2 (one year from now) is given by P = 8-0 4q Marginal extraction cost = $2, r = 10%. The available supply is 20 units Suppose 12 units are consumed in period 1 and 8 units in period 2 Calculate the present valu..
You need both equations and clearly labeled graphs (separate graphs for each question) to answer the following questions. Assume that b=1/2 and that initially the real interest rate is equal to the marginal product of capital at 3%. How much can we e..
Consider this quote: “The cost of hiring a freight-liner (container ship) to carry products around the world has collapsed in recent months. If this is any guide for the global economy, the picture is looking stormy. The fundamental problem seems to ..
Suppose that a restaurant offering Ethiopian cuisine opened in a well diversed city. and became a great success. What would you predict would happen in the restaurant market for that city? Draw a graph illustrating the likely changes in the shape and..
How would you expect the following to affect the economy wide demand for money? The demand for money represents the desire of households and businesses to hold assets in a form that can be easily exchanged for goods and services.
Economic relationships between Spain and Portugal, and Europe (England, France, Holland): Structures of dependence. Differences between Spain and England and how these difference extended to and/or influenced the development of the Spanish colonies.
Consider a monopolist whose total cost function is TC = 20 + 10Q + 0.3Q2 and whose marginal cost function is MC = 10 + 0.6Q. The demand function for the firms good is P = 160 - 0.5Q. The firm optimizes by producing the level of output that maximizes ..
Suppose a firm purchases labor in a competitive domestic labor market and sells its product in a competitive international product market that covers the whole world. Domestic producers represent a small portion of the world market and have no influe..
Your company generated $3.7 million revenue in 2013. Annual costs/depreciation are as follows: cost of goods sold that year was $800,000; salaries and wages that were paid were $1,000,000; advertising costs were $30,000; depreciation was $50,000; oth..
Show that if this is true (ie that both factors of production are 'rewarded' according to their marginal products) and we add together the total value of real income to all units of labour and the total value of real income to all units of capital..
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