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Why do people quit jobs? Do you think that the number of job quitters is higher or lower during economic downturns??
Find a newspaper article that describes a price change for a good or service. Why did the price change? What happened to the quantities produced and sold?
Using the credit market, show how governmental borrowing increases interest rates. How would you show this in a supply-and-demand diagram?
Explain why an increase in the mortgage rate, which reduces the demand for new houses, can teach researchers about the elasticity of the supply curve.
Describe the types of trades in terms of whether they are B2C or B2B. In what ways do you think that B2B trades are different from B2C trades?
What is tuition at your college? What factors determine the elasticity of demand faced by your college?
Do the stations charge the same price all the time or does the price change? When the price changes, what might be the reason for that change?
Explain the difference between a shift in the demand curve and movement along a demand curve.
Explain why marginal revenue must be less than the price when a firm faces a downward-sloping demand curve.
If the price of steak is $25.00 a pound and the -(elasticity of demand) is 2, what decrease in price would lead the quantity sold to increase by 4 percent?
What do you think will happen to the demand curve facing your firm when the economy goes into recession?
How would you do so? How would the auction operate? In what ways would it differ from buying art on eBay or craigslist?
How many jobs do people usually have at a point in time? How many items does a food shopper usually have in his or her basket at the store?
If more people come into an auction, how should that affect your bidding in a winner's curse situation? Should you bid more or less? Why?
In what settings do you have to be aware of the winner's curse? In what way does a double oral auction differ from craigslist? From eBay?
What might be the impact on trade in this market? What might happen to prices?
In the state you live in, find out about the unemployment insurance program. How long do you receive benefits and how generous are the benefits?
Use the Internet to find out about deposit insurance programs in the United States and in another country. How do these programs compare?
What unemployment insurance could you collect? Would you qualify for unemployment insurance? How much would the benefits be? How long would the benefits last?
What is the average price of a house in the United States? In your hometown? Explain the differences in the insurance costs.
Look at the insurance policy (if you have one) for the place. List the ways in which you take actions to reduce the risk of fire where you live.
What is the implied probability that you will make a claim for a new phone under the insurance? Is there a deductible? Why is it part of the policy?
For your state, find out what the benefits are and what federally funded unemployment insurance might be available to you.
Why is it difficult to diversify job risk? Is it possible to do some diversification within a family?
If the manufacturer is making no money from this warranty, what is the implied probability that the computer will need repair?