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What is the major problem in achieving an efficient use of the world's water? If there were a global market in water, like there is in oil, how do you think the market would work? Would a free world market in water achieve an efficient use of the world's water resources?
Based on current dividend yields and expected capital gains, the expected rates of return on portfolios A and B are 11% and 14%, respectively. The beta of A is .8 while that of B is 1.5. The T-bill rate is currently 6%, while the expected rate of ..
Suppose voter A perfers candidate 1 to 2 to 3 to 4 (where there are 4 candidates). Show that all actions that consist of voting for up to three candidates and not skipping a lower numbered candidate are not weakly dominated (voting for 1 only, vo..
Suppose you are interested in estimating the effect of hours of work (hours) on total LSAT score (lsat). The population is all law school bound college seniors for a particular year. Here hours of work refers to any non-school related work that st..
Use the data on U.S. real GDP below to compute real GDP per person for each year. Then use these numbers to compute the percentage increase in real GDP per person from 1987 to 2005. Year REAL GDP (2000 prices) population 1987 $6,435,000 million..
Decrease demand will send the price down again. It is uncertain, therefore, that the tax will really raise the price.
There are four basic components of the AD curve, Consumption, Government Expenditures, Investment, and Net Exports. Of these 4-components what one of them is currently negative.
Make supply and demand diagrams for market A for each of the following. Use these diagrams to determine how each of following changes in demand or supply affect equilibrium price & equilibrium quantity.
If a 20 percent lowring in the price of long distance phone calls leads to a 35% increase in the quantity of calls demanded, we can conclude that the demand for phone calls is:
The bonds are identical in every way (e.g. they have the same coupon payment, maturity data, etc.), except that A is "riskier" than B - i.e. you think the probability of full payment of principal and interest is lower for A than it is for B.
There is a pure exchange economy with two identical customer , A and B. C ustomer A has 8 units of good 1 and 4 units of good 2. C ustomer B has 4 units of good 1 and 8 units of good 2.
Describe the point price elasticity of demand. What is the new point price elasticity if price is raised.
The company for Economic Cooperation and Development (OECD) provides some of the best data and statistics available for comparative international work.
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