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1 draw indifference curves for a patient consumer compared to an individual with a need for instant gratication2 what
1 the central bank of arcadia has an ination target of 2 and forecasts real gdp growth of 25 with no change in the
1 main street bank sets its loans on the basis of a 5 reserve requirement and has 100 million cash in its vaults2 what
suppose a new drug can cure cancer it costs a few cents to make the pill and one pill can stop a malignant growth with
suppose that the real interest rate in an economy is 6 real gdp grows by 275 a year the new chief economic adviser to
a government is running a balanced budget an election is approaching and the gov- ernment decides on a one-time
suppose you had information on the impact of spending on public education on the productivity of the labor force you
suppose the average value that a person in a certain city places on having 1000 extra police ofcers out on the streets
1 because future generations are likely to enjoy higher real incomes than the current generation shouldnt we aim to run
1 should governments force people to be in school why or why not2 resource allocation will be less distorted if taxes
1 what are the limits and constraints to establishing global institutions and regulations what does this imply about
imagine thatgdp 02 x financial sector reform 04 x capital stock - 005 openness but thatfinancial sector reform 2 x
a small industrialized country initially has no trading links with a large but closed cen- trally-planned economy that
1 does popular resentment against free trade simply reect economic illiteracy or more deep-seated political issues2
imagine a reunion in 10 years time with your classmates under one scenario you nd that although your income rose 50
1 in some oecd countries agriculture is heavily protected and governments provide public support at least in part to
1 why is world trade rising faster than world output why is so much trade in manufactured goods2 review your
suppose the probability of a worker losing his or her job in a year is 2 the probabil- ity of someone unemployed nding
in an economy rms set prices at a markup of 20 over costs costs are all in the form of wages so that p 12 w labor
a family has a target of 1500 for the income that it needs to earn each week both adults in the family work at exible
1 the united kingdom and the united states have highly deregulated labor markets and have also seen much larger
1 if generous welfare payments support the long-term unemployed is employment pro- tection legislation a good thing2 is
many economies impose restrictions on international capital flows assuming that such restrictions limit the scope for
suppose that work hours in new zombie are 200 in year 1 and productivity is 16 per hour workedwhat is new zombiersquos
when prices are p1 p2 1 2 a consumer demands x1 x2 1 2 and when prices are p1 p2 2 1 the consumer demands x1 x2 2 1