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What is your opinion of this economics course? Did it meet your expectations? What suggestions can you offer for improvement of this course for future students?
Is there a downside to the global economy evolving to be based completely and wholly on the law of comparative advantage? What risks, if any, does a country assume by making production decisions only according to the law of comparative advantage?
Describe the relation between marginal and average costs. Describe the relation between marginal and average fixed costs. Describe the relation between marginal and average variable costs.
In game theory, a dominant strategy refers to a choice
Explain how industrial regulation affects the market and the entities affected by industrial regulation in terms of market structure.
What do we know about the proportion of peanut butter to jam held by Bob in any equilibrium? If Adam held all of the peanut butter in the initial endowment, is it possible that he end up with nothing in the equilibrium?
to be successful leaders in the global business world of the 21st century managers must consider economic trends
Demand Pull Inflation: Suppose that the central bank wants to increase output, but the economy is already at the natural rate. Show the short and long run effects of a monetary expansion in this situation in the AD/AS model. You can omit the labor ma..
Suppose we are at steady state in the Solow Model. Suddenly we have a significant technological advance. Show, using properly labeled graph(s), how this improvement in technology affects the steady state levels of income per worker, consumption per w..
A struggling company currently has a total value of $700,000. It owes $500,000 from debt financing (assume these are loans from the bank if you wish). The value of the company to the owners is the difference between the total value and the amount owe..
Describe the problem of “adverse selection” when health insurance is offered at a community rated premium? Define the term “community rated premium” as well. Is it possible to address the problem of adverse selection by increasing the premium level? ..
Flora's Flowers operates in a perfectly competitive market. At the point where marginal cost equals marginal revenue.
Which of the following options (alone or in combination) would you recommend that the Congress and the President pursue to reduce our projected Federal deficits and debt and why. Dramatically cut military spending. Raise taxes significantly on the we..
This assignment is based on an article published in The Economists' Voice by Cass R. Sunstein, titled 'The Precautionary Principle as a Basis for Decision Making', in Volume 2, Issue 2 , 2005. The article and rubric (i.e. assessment criteria) are att..
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