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De-funding the National Weather Service
Senator Rick Santorum (R-PA) has suggested de-funding the National Weather Service, arguing that households receive weather information from media outlets and businesses can receive subscription (paid) weather forecasts from private weather forecasting firms. Consider the externality/public good aspects of weather forecasts and argue for or against such a "privatization" of weather forecasting.
Explain the impacts of an expansionary fiscal policy such as a tax cut on the levels GDP, Consumption, Investment, interest rate and unemployment and price.
The demand function for gadgets is providede by the following formula. Illustrtae what is the point price elasticity of demand.
Expalin how are the current real stock of money in the U.S. and real interest rates computed.
Elucidate how have these policies affected the prices of the product the industry produces?
How do you think each of the following affected the world price of oil? (Use demand and supply analysis.)
A tariff is simply a tax on imports. Use our model of the excise tax (with diagram) to describe why domestic firms request that tariffs be imposed.
Explain carefully in terms of production theory why it might be that no amount of "cracking down" can increase worker productivity at CF&D.
Explain how specifically does this information affect your desire to sign a two-year contract with Toy Yachts R Us.
Illustrate the difference in the price elasticity of demand for an individual firm in a perfectly competitive industry as compared with a monopolist.
Illustrate what kinds of changes in underlying conditions can cause the supply and demand curves to shift
Which of the following is the best example of a monopolistic competitor? Firms in a monopolistically competitive industry produce:
Describe and answer in economic terms the question, should a company hire temp teachers or hire new teachers?
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