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Why would these environmental improvements likely be reflected in reported measures of well-being or happiness?
What impact does this hiring out of household tasks have on measures on GDP? Explain.
How does one determine what is a final good or service and what is a regrettable necessity or an intermediate good? In other word, where does one draw the line?
Macro cultures,subcultures, and Micro cultures Question: After reading about cultures and subcultures.
How do you explain the fact that in some countries there is widespread political support for government policies that expropriate resources.
How does the risk of expropriation affect the economic endowments of the two nations? In which nation are people richer?
How much teaching will Mr. A be doing? How much will Professor P have to pay Mr. A to get him to do this amount of teaching?
Suppose that both agents have the same cost function but different reservation levels of utility. How does the analysis change?
Suppose that the home firms and foreign firm are initially engaged in Bertrand competition in home market. Show the effect on the equilibrium and on profits.
What is the expected value of this bet when p = 1/2? Evaluate the sum. (This requires knowledge of a few summation formulas.)
Show that at some level of wealth marginal utility is decreasing. More importantly, show that absolute risk aversion is increasing at any level of wealth.
How have you responded to these changes? Explain your reaction to the price change in terms of it being either elastic or inelastic.
Christopher bought a $125 ticket to attend Nickelback concert in Red Rocks. What is his opportunity cost of going to the Nickelback concert in Red Rocks?
If Nicaragua can produce with the same amount of resources twice as much coffee. Explain how Columbia could have a comparative advantage in producing coffee.
Derive the savings function. Derive the government expenditure and tax multiplier. Compute equilibrium income and consumption.
What does this imply about the labor-capital ratios used in production? Therefore, how do wages compare across countries?
In the poor country, there are 5,000 workers who are employed as customer service representatives at a wage rate of $10 per hour.
Which country has a comparative advantage in producing wheat? Why? What is the opportunity cost of wheat in each country?
What is the opportunity cost of bicycles in each country? What is the opportunity cost of refrigerators in each?
Using economic theory, analyze the effects on American employment levels in the burglar alarm industry. What factors make these effects larger or smaller?
where wages are roughly one-quarter of what they are in Texas. Use economic theory to analyze factors Company X will take into account when making its decision
Consider the effect of this increase on an unemployed job seeker. Using a job-search model, what is the effect on the probability of finding an acceptable job?
Graph this tax rate formula, and calculate the firm's critical value of layoff experience (lmin) and ceiling value of layoff experience (lmax).
Suppose that a VER is negotiated with the foreign firm, so that it agrees to not sell more than its free-trade quantity. What is the effect on the equilibrium?
Now add a non-traded good, which uses only skilled and unskilled labor. Contrast a high-skill-intensive versus low-skill-intensive non traded good.