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A) What are alternative approaches to measuring poverty and inequality
B) Describe the long-term trends in inequality in the United States using the available measures
C) What are possible explanations for these long-term trends.
Which of the two units would you recommend ? What initial cost of machine A woul make the two machines identical in overal cost?
Now suppose Starbucks introduces world to premium blends, and so demand rises substantially.
Assuming other countries do not change their own trade policies, what would be the impact on the value of the dollar relative to other currencies? What would be the effect on the jobs in U.S. industries?
If David and Ellen live in rent-controlled apartments, Illustrate what is the equilibrium cost for the non-rent-controlled apartments.
What kinds of people are most likely to have their utility reduced by such a law. Why do you think that the government requires such insurance.
Insurance agents receive a commission on the policies they sell.
The US put a specific tariff of €10 on European widgets. Calculate the new equilibrium quantity and price as well as the new Monopoly's profit.
Explain how marginal analysis affects goods and services, efficiency, equity, and the market economy.
Compare also contrast McDonald's strategies in China with those of Wal-Mart in Mexico.
Explain how does the capital/financial account differ from the current account. Give examples of what is included in each.
All the big computer manufacturers have little "Intel Inside" logos in their television advertisement.
What explains that ATC is U-shaped for two reasons. The first is the existence of diminishing marginal product.
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