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Originally the consumer faces the budget line p1x1 + p2x2 = m. ... Write down an equation for the new budget line in terms of the original prices.
Before 1970, many countries were on the gold standard. What was the impetus for the change in regime for this country?
Do you think that Main Street should have been hailed out also? Discuss Stiglitz's quip that Capitalism is for Main Street, Socialism is for Wall Street.
The following is an excerpt from a conversation between two sales clerks, Jean Moen and Sara Cheney.
What aspects of a recent market analysis would you use to pursue a competitive advantage for a new venture?
Calculate the marginal product of labor. Do you observe the law of diminishing marginal returns? Explain.
Given this background, what is Trickstoland's potential GDP, and what is the inherent GDP gap?
A trade-off is a principle for market activities. A manager's salary is the opportunity cost.
Some people have argued that the monetary valuation of environmental costs and benefits is important because "some number is better than no number".
What is a credit score? When and why is a credit score important?
Determine an equation for Marginal Social Cost (MSC).
Read the book material that discusses the Kraft-Heinz merger deal and gather additional information on the deal from external sources.
You may wish to consider, among other things, the strength of the economic case for intervention, the choice of policy instruments, implementation issues.
What might be the impact on government spending on entitlements such as welfare, food stamps.
What is the likely impact on the monopoly power of the IOC, the IOCs ability to exploit an all-or-nothing demand curve, and the winners curse?
Do you think that too-big-to-fail banks should be broken up like AT&T in 1982 and Standard Oil in 1911?
Why do you suppose Alan Greenspan did not heed the warnings voiced during the run-up to the financial crisis?
What are some major challenges we face in today's globalization? Do you think it was a good idea to bail out GM and Chrysler?
Do you think that those workers who lost their jobs because of the NAFTA agreement should have been fully compensated for their losses and guaranteed a job?
Do you think it is fair that a few people are able to capture a large portion of the income generated by the economy?
Do you think that keeping up with the Joneses was mainly responsible for the increase in indebtedness of the U.S. consumer?
What arc some differences between Keynesians and their opponents, the real-business-cycle school of macroeconomists?
Would you be willing to participate voluntarily in a work-sharing program as an insurance against unemployment?
Would you say that the official unemployment rate is a good estimate of the idle human resources in the economy?
What do you think happened to the well-being of the population in the bottom 20 percent of the distribution?