Earnings of athletes
Problem: Do you think an athlete, having no formal education or no apparent skills training, should earn $1 million plus annually for athletics?
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When households become concerned with their future savings and attempt to increase their savings, how does this effect the overall economy? What is the Paradox of Thrift?
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Small mistakes are the stepping stones to large failures. Please elucidate and provide an example of a seemingly small mistake with large consequences relevant to finance and economics.
Which of these are serious concerns for an economy? What type of unemployment is caused by the recession?
Do you think an athlete, having no formal education or no apparent skills training, should earn $1 million plus annually for athletics?
Assume the following data for a country: total population, 500; population under 16 years of age are institutionalized, 120; not in labor force, 150; unemployed, 23, part-time workers looking for full time jobs, 10. What is the size of the labor f
Problem: What would be the impact of raising the federal minimum wage on a firm?
What do you consider to be the biggest current market failure in the U.S. economy? Why? How should the failure be addressed? Consider costs and benefits.
Question 1: Is MTA a monopolist in New York City? Do you think MTA possesses a high degree of market power?
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