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What is the bid-offer spread? Explain the difference between the bid price and the offer price quoted for a stock.
Calculate the adjustment in government spending, if any, to achieve full employment in Nurd.
How is beauty prejudice similar to other forms of discrimination, such as racism and sexism, both personally and in a workplace?
Define it in your own words, and provide an example. Discuss why you think this is an important aspect in the study of economics.
If a bank has reserves of $35 million and demand deposits of $300 million, how much are the bank's (a) required reserves? (b) excess reserves?
What financial assets are included in each of these six aggregates? How does each aggregate satisfy the functions generally attributed to money?
Discuss the main reasons why Apple is or is not a socially responsible organization. List at least two examples of Apple's actions that support your position.
Draw the budget line facing the worker under this new program. How is the program likely to affect the labor supply curve of workers?
Assume that you were a small country, what would you rather have a comparative or absolute advantage with trading? Explain your reasoning.
Assume that a series of inflation rates is 1 percent, 2 percent, and 4 percent. What are the ex post real interest rates in the same three periods?
Calculate National Income (Y)? Derive the equation for the marginal product of labor (MPL) What happens to the MPL as K increases?
Show changes in Consumer Surplus, Producer Surplus, Government Revenue? Distinctly show the effect of terms of trade improvement over welfare at Home?
Draw typical Home market supply and demand curves, and then derive import market Home demand curve. After superimposing Foreign export supply over Home import.
What will be the quantity of labor employed and the wage rate? How does your answer compare with your answer to Exercise 1? Discuss.
Unions and productivity In some industries, the labor productivity of union workers exceeds. Which might help explain the higher productivity of union workers?
What are the six most important provisions of GATT? What are relative merits of those provisions?
If a bank has reserves of $100 million and demand deposits of $850 million, how much are the bank's (a) required reserves? (b) excess reserves?
What would be the overall impact on AD of these policy changes or would the policy change effects completely cancel each other out?
What was the % rate of change in labor productivity over the year? Explain your answer briefly.
How much is the interest rate on a bond that has a face value of $1,000, a selling price of $800, and that pays $80 interest?
What are the differences among these measures? What each measure include and then express your views on what factors may be causing U6 rate to be roughly twice?
Describe the set of pareto optimal allocations for this economy. Math not required; just intution. If possible, include the Edgeworth box.
Compute the fraction of nominal GDP that was being held as money. What is your conclusion about the stability of velocity in this five-year period?
Discuss how developed nations contribute (either directly or inadvertently) to the plight experienced by undeveloped nations.
Analyze and discuss if the determinant trend is expected to continue, and if so, for how long is it expected to continue.