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Graph the relative demand curve along with the relative supply curve. What is the equilibrium relative price of apples? Describe the pattern of trade.
What is the opportunity cost of apples in terms of bananas? In the absence of trade, what would the price of apples in terms of bananas be? Why?
Alexis Harrington received an inheritance of $95,000, and she is considering two speculative investments-the purchase of land and the purchase of cattle.
What reasons would you give for the rather sizable school dropout rates in developing countries? What might be done to lower these rates?
Next, speculate on how the outcome of the customers suit against the brokers will turn out. Explain your rationale.
Summarize the main principles of agency. Analyze the circumstances under which Uber might be liable for the conduct of its drivers.
A rise in the dollar price of yen necessarily means a fall in the yen price of dollars. Explain the purchasing-power-parity theory of exchange rates.
What are the characteristics of a developing nation? List the two basic avenues of economic growth available to such a nation.
If both nations have a 3 percent increase in their real per capita outputs, by how much will the per capita output gap change?
How do you explain the fact that most international investment flows to the IACs (where capital is relatively abundant) rather than to the DVCs?
What were the trends in government-provided foreign aid versus private capital flows to the DVCs in the 1990s? Why do you think those trends occurred?
What types of products do the DVCs typically export? How do those exports relate to the law of comparative advantage?
Go to the Google search engine and search for Aid-Dependency Ratios World Bank. What continent dominates your list?
What variables would you consider in developing such a model? See if your model matches the one developed by the Nobel laureate economist Gary Becker.
What is the conditional expectation function or the population regression function? What is difference between the population and sample regression functions?
Suppose a bank discovers that its reserves will temporarily fall slightly short of those legally required. What remedy is available to this bank?
Explain how the bank panics of 1930 to 1933 produced a decline in the nation's money supply. Which component has increased by the largest percentage?
Explain how these two demands can be combined graphically to determine total money demand. How is the equilibrium interest rate in the money market determined?
Assume that the following data characterize a hypothetical economy: money supply = $200 billion. What is the equilibrium interest rate? Explain.
What do economists mean when they say that monetary policy can exhibit cyclical asymmetry? Why is this possibility significant to policymakers?
Suppose that the city of New York issues bonds to raise money to pay for a new tunnel linking New Jersey and Manhattan. What about the city of New York?
If the Federal Reserve has set the risk-free interest rate at 8 percent, what is the proper current price of this investment?
How do stocks and bonds differ in terms of the future payments that they are expected to make? Which type of investment is considered to be more risky?
Consider an asset that costs $120 today. You are going to hold it for 1 year and then sell it. At what price would the asset have a zero rate of return?
If investors care only about rates of return, what should happen to the share price of Rogue Designs?