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Which of the facts about the economic lives of the poor, presented by Banerjee and Duflo (2007), did you find most interesting and surprising?
Does appraisal methodology address this kind of impact as it relates to land value? What could you look for empirical support of your position?
Jacinda quit her job as a blackjack dealer where she made $42,000 per year to start. What is Jacinda's opportunity cost of running the business?
How would we expect monetary and fiscal policy to respond to an external reduction in aggregate demand, such as a reduction in export demand?
Suppose you transfer $2,000 from your mutual fund account to your checking account. What is the immediate impact of this transfer on M1 and M2?
Calculate the money multiplier for this economy. If the central bank buys $1 billion of government bonds, what is the effect on money supply?
What happens to the labor market when there is a decrease in the employment-to-population ratio?
Describe what this would have done to the labor market in 2018 and what it does to the labor market in 2022.
What effect will this cut in T have on the IS curve? What happens to consumption, saving and investment as a result of this policy mix? Briefly explain.
Using the numbers above. Calculate the price effect and the quantity effect in terms of their impact on pharmaceutical firm's total revenue when price goes up.
How much will the company have to make each year for 15 years in order to recover its investment at a MARR of 10% per year?
Calculate the price elasticity of demand and show the percentage change both Price and Quantity that you used to calculate elasticity.
What are the three types of unemployment, and which two compose the natural rate? Give an example of a person who would be counted in each type.
How does the price floor impact the quantity supplied and the quantity demanded of labor services. Discuss how the price floor impacts the poor.
Explain how you would use the micro-economic concepts of opportunity cost and marginal analysis to make a decision.
Develop your policy position on price floors and price ceilings, share your opinions with class. What has effect of price floors and price ceilings been on you?
Critically evaluate the two following contradictory statements: Economic growth results from technological change which results from creative people responding.
What effect will that have on Scentsy, the wax burning company? What actions will that firm have to make that it wouldn't if Federal Reserve kept FFR constant?
Based on your understanding of these two policy tools, which one you will use in this difficult inflationary time to bring back growth in the Canadian Economy?
Why does this article claim that Americans are not saving enough? What does saving enough mean in the context of a normal US citizen?
Explain the concept of opportunity cost arising from the central economic problem of scarce resources and unlimited wants.
What is most likely to happen to price and quantity in a market for a crop such as lettuce, tomatoes, when extreme weather destroys a large portion of the crop.
Discuss the three forms of market failure. Explain why individual or small-group insurance tends to be more expensive than large-group insurance.
Explain how higher saving leads to a higher standard of living. What might deter a policymaker from trying to raise the rate of saving?
Draw a standard 2 × 2 game matrix, well-labeled with each player and each players' set of strategies, and fill in the matrix with a set of payoffs.