Question: A group of 10 people have the following annual incomes: $55,000, $30,000, $15,000, $20,000, $35,000, $80,000, $40,000, $45,000, $30,000, $50,000. Calculate the share of total income received by each quintile of ...
|
Question: During 2002, the Federal funds rate remained more than 1% below the rate of inflation. When that happened in 1972 and 1975, the next two business cycle peaks ended in double-digit inflation, although admittedly ...
|
Question: A genealogical firm called Roots produces its output using only one input. Its production function is f(x) = vx. (a) Does the firm have increasing, constant, or decreasing returns to scale? (b) How many units o ...
|
Question: Write in paragraph form 1. Which country was able to stop privatization and how did they do it? 2. From this film whose interest do you think the World Bank and the IMF represent? 3. Give 3 examples of how priv ...
|
Question: The following article appeared on the front page of the Wall Street Journal on April 17, 1998: The public, by 79% to 17%, favors raising the minimum hourly wage by $1 to $6.15. But Princeton economist Alan Krue ...
|
Question: Why countries often import and export varieties of the same type of goods? Can Ricardian or H-O Models explain this phenomenon? Relate the vertical and horizontal intra-industry trade to Monopolistic competitio ...
|
Question - A collectivity consists of three persons, A, B, C. Demand for some collectively provided service, x, being for person A, P = 40/x; for person B, P = 20/x; and for person C, p = 10/x. The marginal cost is 10. ( ...
|
Question: A contractor is considering purchasing a CAT 635E scraper. The loan the contractor is considering is a 36 month loan and requires a down payment of $75,000 and monthly lease payments of $10.000. The contractor ...
|
Let's see if we can formulate any real laws about the economics of taxation. Which of the following must be TRUE, as long as supply and demand curves have their normal shape (demand curves are downward sloping while supp ...
|
Question: One constraint in our economy is time. As a society, we make choices about allocation of time between work and other pursuits. In the US, most workers are eligible for overtime pay if they work more than 40 hou ...
|
|