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What is happening to the value of the U.S. dollar these days? What causes the value of the U.S. dollar to rise or fall? Who demands U.S. dollar? Who supplies U.S. dollar? When we purchase German products, does our demand for euro go up or down? What are freely floating exchange rates all about, and how do they work? How can the falling U.S. dollar impact your travel expenses? Why would a cheap dollar relative to other nations' currencies be good or bad for U.S. trade?
Education (e.g., elementary and secondary education, higher education-undergraduate and graduate) b. Government (e.g., the Social Security Office, the Internal Revenue Service)
Elucidate how much consumer surplus would be created by randomly assigning buyer to sellers. Which method gives the larger surplus.
A firm has developed a new product for which it has a registered trademark.
Are these kinds of policies easy to implement in practice? How has globalization of production affected our ability to control pollution?
Design an alternative author-compensation scheme under which the author and the publisher would pick the same price.
At this level of pollution, what is the marginal cost of pollution control.
Can you find a Nash equilibrium in pure strategies that is not efficient. In some legislatures, proposals for modifications of the law are formulated by committees.
According to the production function, with 300 labor hours, Illustrate what is this economy's capacity to produce.
By what factor does this firm mark up its price over marginal cost? c. Do you think this firm enjoys much market power? Explain.
Distinguish between the crowding-out effect also the Ricardo-Barro effect. Elucidate how are the two effects related
explain why a rise in the price of gasoline is likely to have more of an effect on consumers than a rise in the price of strawberry milk shakes.
Describe the Schumpeterian notion of "creative destruction"
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