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Collect data on the monetary base in the U.S. What was the size of the monetary base in August of 2007? What about in August of 2009? If the inflation tax is the ?M and the monetary base is our measure of M, then how much revenue was raised from the inflation tax over this 2- year time period? What is the average fraction of GDP this amount consisted of each year? You can just use the Q4 GDP amount.
Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..
Estimate cost elasticity of demand for education at this university. Is cost elasticity of demand for university tuition elastic or inelastic according to answer in part (i) Why.
Locate recent articles in the New York Times or Wall Street Journal in which economists are quoted using positive and normative statements.
Compare and contrast a public good versus a private good. What are the principal characteristics of each? What are the two key characteristics of public goods? Is there a free rider problem when it comes to public goods? Why?
What is the opportunity cost of investing in capital? Do you think a country can "over invest" in capital? What is the opportunity cost of investing in human capital
The five basi modes of transportation have been available for well over 50 years. Is this the way it will be always be, or can you identify a sixth mode that may become economically feasible in the foreseeable future?
Why do most governments subsidise high technology industries and tax heavily gasoline? Explain with diagram. What are common resources? Give one examples. Why is whale, but not cow, threatened with extinction?
How would I compare also contrast McDonald's strategies in China with those of Wal-Mart in Mexico.
Explain how will my family's consumption of omelets change this week and why. Chickens by the way do not respond to published prices in their decision as to lay eggs.
Calculate the arc cross-price elasticity of demand for JJT's deluxe garment bag. B. JJT's deluxe garment bag sales recovered from 4,800 units to 6,000 units following a price reduction to $130 per unit.
After reading Psalm 55:21, discuss the freedom of speech section of the First Amendment to the U.S. Constitution and its protection and permitted regulation, of commercial and political speech engaged in by business, including justifications for such..
Consider a simple economy that produces only pies. The following table contains information on the economy's money supply, velocity of money, price level, and output. For example, in 2011, the money supply was $320, the price of a pie was $8.00, and ..
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