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The Supply and Demand model is used to explain the changes in Prices and Quantities in the market. Provide some real life examples.
Explain whether each of the following events increases or decreases the money supply. The Fed increases the interest rate it pays on reserves.
Discuss how you would align the incentives of a borrower with those of a lender? Provide a specific example to illustrate your ideas.
Explain whether each of the following events increases or decreases the money supply. 1. After a rash of pick pocketing, people decide to hold less currency.
Problem: What are least affected by Fed's changes in money supply and interest rates?
The Romer growth model assumed that growth rates if capital and knowledge are endogenously determined. Derive the growth rates of capital and knowledge.
How is aggregate demand affected with the following Philippine cases? Explain your answers briefly. Please cite your references, if you have to quote:
Is the demand for the product considered elastic, inelastic, or unitary elastic? What effect does the current supply and current demand have on this product?
Look up a Production Possibilities Frontier (PPF) graph. What role does the production possibility frontier (PPF) model have in making business decisions
If so, decide if it is an increase (right shift) or a decrease (left shift) and write that next to the question. As well as drawing a graph to show the shift.
(a) Sketch the set X in a graph. (b) Is the set X convex? Explain why or why not. (c) Is it closed? Explain why or why not.
What would you tell him about future revenue? (Consider the theory of price elasticity and the specific value of the price elasticity for gasoline provided)
Question: Describe the assumption of self-interested behavior, in the light of the experimental data.
Explain opportunity cost using the following examples. Make up whatever details seem appropriate. a. Ned buys new guitar that cost $800
Problem: Which theory of monopoly regulation would you support?
Question: Why is the Perfectly Competitive Market called "perfect"?
Explain a time in your life when you experienced opportunity cost. For example, the time I bound a new car. Discuss how scarcity influenced your decision.
What is opportunity cost and what the opportunity cost of attending college is for you with concepts of opportunity cost & explicit monetary costs are not same
In a competitive labor market, the demand for and supply of labor determine the equilibrium wage rate and the equilibrium level of employment.
1. What is your reservation wage? 2. What is your optimal amount of hours of work supplied to the labor market?
Which of the following figures is the best measure of the change in wealth of the Morrison household during the year?
Should Christians concern themselves with the regulatory activities of government? If so, what areas of regulations are most significant?
what constant value "A" could you receive at the end of years 1-4 such that the two cash series of flows are economically equivalent?
Problem: Create a Mind Map where Consumer Choice is the central theme (middle bubble) based on the readings from the unit.
Is there price discrimination for Senior Citizens? What economic gain does the company providing such discounts gain? Is it purely financial?