CHECK THESE SAMPLES OF Econ Questions
...?ECON 6000 Econ 6000 Assignment Word Count: 773 (3 pages Examine the Blum and Sathaye paper introduced in the additional study materials January 18). Identify the principal and the agent. Explain how the incentives for the two could be misaligned and what the research indicated was the outcome. The principal-agent difficulty within the particular paper that is presented is space-heating and cooling energy—being reconciled with the energy being expended and the cost associated with it. 2) Examine the two annual reports introduced in the additional study materials #1 (January 18). Of the five theories of profit presented, explain two theories that might apply to Intel. Feel free to supplement your response...
3 Pages(750 words)Assignment
...?Your Full Your Prof IMF: Past and Present In the 1930s, with the world economies facing acute difficulties, most countries tried to counter it by devaluing their currencies in order to boost their exports. However, as this move was followed by most countries, it did little to arrest the sharp drop in world trade accompanied by rising unemployment rates and lowering standards of living in most countries. This breakdown of the international trade and monetary system led to the creation of the IMF with the purpose to stabilize the exchange rates of currencies and to encourage members to increase international trade by making a pool of funds available to member countries experiencing balance of payments difficulties. The IMF... Full Your Prof...
1 Pages(250 words)Essay
...? “The government’s fiscal policy is its plan for spending and taxation, it is designed to steer aggregate demand in some desired direction” (Baumol and Blinder 600). The fiscal and monetary policy is important because it determines the amount of intervention or lack thereof by the government in stimulating the economy. The ‘invisible hand’ as proposed by the great economist Adam Smith and to whom the classical view is attributed to, suggests that the economy is able to repair itself without a need for a change in policies such as government spending or including tax reductions. Economic problems and such as recession naturally happen subject to correction by the economy itself. Keynes, on the other hand, argued for a more... “The...
1 Pages(250 words)Essay
...? Discretionary fiscal policy is one of the tools that the government can use in helping the economy recover from recession. In fact, discretionary fiscal policy is so important that some even suggest for it to have an automatic trigger, where it can combat circumstances that can make it ineffective, such as time lag. The purpose of this paper is to explain the advantages and disadvantages of having an automatic trigger for discretionary fiscal policy. Specifically, this paper seeks to look at how fiscal policy will affect the economy when there is an IS or MP shock. Perhaps, one of the benefits of having this new policy is that it can help the economy to maintain the level of output in the presence of an IS or MP shock without... Discretionar...
5 Pages(1250 words)Essay
... the burger example and assumption of $4 as the equilibrium price, suppliers would be willing to supply 20 burgers at that level. Raise the price to $5 and they would say that they would even want to supply 30 or more because of the profit prospect. If prices decline to $2, then they might only want to sell five or less or even nothing at all because at that level they will not be able to cover their expenses in making and selling their burgers.
Works Cited
"Reviews of the Laws of Supply and Demand." Curriculum Link Organization. N. d. 03 December 2008 econ/materials/sdlaws.html>... 04 December 2008 Using Economics in Everyday Decision Making At first, economics appears to be useful only in complicated situations in the market. For instance, I have always related...
3 Pages(750 words)Essay
... Federal Reserve and the Financial Crisis Question Financial panics were a big problem during the gold standard, causing many banks to close down. For example, there was a severe financial panic of 1893, which saw more than 500 banks failing across the country (FRFC, 18). Therefore, the gold standard was associated with financial instability, which in turn caused great frustrations to the banks. Since a gold standard requires that the value of currency be fixed in terms of gold, for example an ounce of gold being worth $20 and 60 cents, then gold had to be sort and brought to the central bank so that it could be valued relative to money. Additionally, with a gold standard, the central bank could not apply monetary policy in order... up with...
3 Pages(750 words)Assignment
...PART I Question If France produces cars and camcorders only using specialized resources, which means some resources are more suitable in producing cars while others are more suitable for producing camcorders, then, considering the two graphs based on the initial description of specialized resources, graph 2, which is concave in shape best represents the trade-off France faces between producing cars and carmcorders. The concave shape of Graph 2 therefore, indicates that as France produces more cars and fewer camcorders, the opportunity cost of producing each additional car increases.
Question 2
John and Akila illustrated that opportunity is value foregone for producing one product instead of the other (507).
Opprotunity Cost... ...
2 Pages(500 words)Essay
... Macro and Micro Economics Economic Growth is a measure of a particular country’s output inreal terms whereas Economic Development is a broader term covering issues relating to the structure of an economy and real national income including the quality of life and state of resources at the disposal of a particular country. Economic growth is a quantitative aspect of a production capacity of a country; whereas, Economic development pertains to qualitative aspects of an economy.
Rostow’s five stages of economic growth are conclusive of Traditional society, pre conditions to take off, take off, and drive to maturity and age of mass consumption. Each of these five stages is dependent upon the sector it operates in, the quality... Macro and Micro...
6 Pages(1500 words)Essay
... Due Cowen and Tabarrok: The Invisible Hand Cowen and Tabarrok said that,“See the invisible hand, understand your world.” This tagline applies to the modern approach in economics. This tagline meant that economics is a scientific type of misery which is deep, inspiring, fundamental similar to that of the universe which is rapidly expanding or those forces that tend to bind the matter. This statement tries to explain the manner in which order can result from the freedom of choice. This involves the Solow Model, ideas in economics, real exact business cycles and the Keynesian approach in economics.This approach assumes that when businesses fluctuate, then this is a clear interpretation of the fluctuation in the output’s growth rate...
12 Pages(3000 words)Essay
...Macroeconomics al Affiliation) Answers to Page 67 Questions Question 2 b) Lower tuition fee. Question 3 If the government had introduced price-gouging laws for consumers, the shrimp prices would not have risen and consumption would have remained the same in the wake of the BP Oil spill.
Question 7
Both individuals who can afford and those that cannot afford the market prices share the available (qa) organs. This is fairer than the market distribution system where individuals who can afford the market prices only can access the organs.
Answers to Page 68 Questions
Problem 4
If the government set a price ceiling of $2, the total market supply would be 12...
2 Pages(500 words)Assignment
