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Macroeconomics
Does David Ricardo belong to the classical (supply side) economics school of thought, and what are the basic ideas of the classical economics?
Macroeconomics
describe some of the tarde offs faced by each of the following:
a. a family deciding whether to buy a new car
b. a member of Congress deciding how much to spend on national parks
c. a company president deciding whether to open a new factory
d. a professor deciding how much to prepare for class
e. a recent college graduate deciding whether to go to graduate school
a. a family deciding whether to buy a new car
b. a member of Congress deciding how much to spend on national parks
c. a company president deciding whether to open a new factory
d. a professor deciding how much to prepare for class
e. a recent college graduate deciding whether to go to graduate school
Macroeconomics
what trade off faced by a family to deciding whether to buy a new car
Macroeconomics
Suppose that the typical expenditures for a household equalled 2500 per month, while the cost of purchassing exactly the same items in 2005 was 3000. If 2000 is the base year, the CPI for 2000 equals?
Macroeconomics
suppose that the total expenditures for a typical household in 2000 equaled 5500 per month, while the cost of purchasing the exact same items in 2005 was 6875. if 2000 is the base year, the CPI for the year 2005 equals?what is the answer?
Macroeconomics
List the productivity factors that may explain the differences in pay between men and women in similar occupations. Do any of these factors arise as a result of cultural or social traditions? If so, describe how changes in social relationships will affect the pay gap over time.
Macroeconomics
Explain the role that consumers play in perpetuating discrimination in labor markets
Macroeconomics
Outline the possible work disincentives created by anti-poverty programs. Is there a way to solve this problem without causing other forms of inefficiency to arise? Explain your answer.
Macroeconomics
Each of the following event is either a cause or a consequence of a shift in the AD or AS curve in Canada. Identify which it is and, if it is a cause, describe the effect on equilibrium real GDP and the price level. ( use a graph of the AD/AS)
a. OPEC's actions significantly increased the world price of oil in 1979- 1980
b. During 1996 - 2001, canadian real GDP was growing at a healthy pace but inflation showed no signs of rising
c. World commodity prices increased sharply from 2002 to 2008 due to higher world demand. Many of these commodities are both produced in Canada and used as important inputs for canadian firms. ( Assume that a change in world commodity prices is exogenous
a. OPEC's actions significantly increased the world price of oil in 1979- 1980
b. During 1996 - 2001, canadian real GDP was growing at a healthy pace but inflation showed no signs of rising
c. World commodity prices increased sharply from 2002 to 2008 due to higher world demand. Many of these commodities are both produced in Canada and used as important inputs for canadian firms. ( Assume that a change in world commodity prices is exogenous
Macroeconomics
After graduating from college, you receive job offers from five different accounting firms. All job offers have a different compensation package. Is it irrational for you to accept an offer that doesn't provide the highest level of monetary compensation? Use the concept of compensating differentials to explain your answer.
