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1. What is the role of the European Parliament? Is it a real parliament that can be compared with a national parliament?
2. Monetary cooperation: Please compare the advantages and difficulties for flexible and for fixed exchange rates.
3. Please discuss the idea and the background of the European Monetary System (EMS). Why is it so difficult to manage a parity grid?
4. What is the task of the European Central Bank (ECB). Why is it necessary that the ECB is a single issue central bank?
5. What does central bank independence mean? Which dimensions are included?
6. Please analyze and discuss the convergence criteria: Why is it so essential to maintain the standards?
7. Which instruments does the ECB have to control monetary supply in the Euro area?
8. Which countries could join the Euro area in the near future?
derive and graph the equation characterizing the firms average revence curve. Calculate the level of output to that maximizes total profit. Also calculate the resulting profit.
Trading partners should specialize production in accordance with comparative advantage, then trade and diversify in consumption because
Households deposit $5,000 in currency into the bank that is added to reserves. Illustrate what level of excess reserves does the bank now have.
The vertical long run AS curve compatible with classical economics implies that AD only determines the price level
If all firms, existing and potential new entrants, face decreasing industry costs in the long run under perfect competition, the industry supply curve will: Necessarily be upward sloping
Ajax Cleaning Products is a medium-sized firm operating in an industry dominated by one very large firm Tile King.
Illustrate car production is capital intense relative to textiles. The US is capital abundant and China is labor abundant. Under trade, both countries produce both goods. If the labor endowment were to increase in the US, this would.
Suppose that you buy a bond for $100 that pays four percent interest per year. Explain how much money will you have earned when the bond reaches maturity in five years.
Advantages and disadvantages of cigarette money in this prison economy in terms of these 6 criteria.
Use the algebraic form of the aggregate demand curve to find the level of GDP that occurs when the money supply is $900 billion and government spending is $1200 billion. Repeat all the previous calculations if government spending increased to $1300 b..
find one example of a price-fixing conspiracy and describe it in 200 words or less. matthews anna wilde. as u.s. trade
Proposals for modifications of the law are formulated by committees. Under the closed rule, the legislature may either accept or reject a proposed modification, but may not propose an alternative.
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