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business
microeconomics principles applications
Microeconomics Private And Public Choice 16th Edition James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson - Solutions
What can economics tell us about an effective policy on global warming and climate change?Will economic growth help with this problem or make matters worse?
Why do people seek governmental regulation to improve the environment in a market economy?
Can unions increase the wages of all workers?
Can unions increase the wages of their members? What makes a union strong? What factors limit the power of a union?
How much of the U.S. workforce is unionized?
Why is there a major misallocation problem for a few key resources like water?
What do prices indicate has happened to resource availability? Will that trend continue?
Are proved reserves the same thing as the total future supply of a resource?
Why have there been repeated forecasts that the world will run out of key resources? Why have these forecasts been consistently wrong?
What can be done to improve the delivery of health care services?
What is likely to happen to health care prices and expenditures in the future?
Why have the prices of health care services risen so rapidly in recent decades?
How much do Americans spend on health care?
How have the educational choices and career goals of women changed? Will this affect their future earnings?
How has the economic status of women changed in recent decades?
Why are the earnings of women substantially lower than those of men? Is it because of employment discrimination?
Has the crisis changed the structure of the U.S. economy?
What caused the Great Recession of 2008–2009?
Why did housing prices rise rapidly during 2001–2005 and then fall in the years immediately following? Did regulation play a role? Did monetary policy contribute to the housing boom and bust?
Does the Great Depression reflect a failure of markets or a failure of government?
Did monetary and fiscal policy help promote recovery from the Great Depression?
Did the New Deal policies end the Great Depression?
Why was the Great Depression so long and severe?
What caused the Great Depression? Was it the stock market crash of 1929?
Historically, how does the return on stock investments compare with other alternatives?Is it risky to invest in a diverse bundle of stocks over a lengthy time period?
What determines the price of a stock? Can experts forecast the future direction of stock prices?
What is the economic function of the stock market?
Can the political process be counted on to promote economic stability and the efficient allocation of resources?
Can government intervention be counted on to improve the efficiency of markets?
What might be done to reduce the impact of recessions?
What is the primary cause of economic instability?
Why are the views of John Maynard Keynes and Friedrich Hayek often compared and contrasted?
How has the share of the population paying taxes and receiving various types of transfer benefits changed in recent years? How is this likely to influence the fiscal future of the United States?
How does the size of government in the United States compare with other countries?
Do the rich pay their fair share of taxes? Do they pay less now than they did a couple of decades ago?
Do taxes measure the cost of government?
How has the composition of government spending changed in recent decades?
How has government spending per person changed historically in the United States?
Does the Social Security system need to be modernized?
Does Social Security transfer income from the rich to the poor? How does it impact the economic status of blacks, Hispanics, and those with fewer years of life expectancy?
Will the Social Security Trust Fund make it easier to pay the promised benefits to future retirees?
Why will the Social Security program confront problems in the near future?
Is there too much income inequality? Should the government try to reduce inequality? Why or why not?
How widespread is poverty? How has the pove rty rate changed in recent decades? Did the “War on Poverty” help reduce the poverty rate?
How much income mobility exists? Do the rich stay rich whereas the poor stay poor?
How much income inequality is there in the United States? Has the degree of inequality changed in recent years?
How do resource prices and income differences in uence the incentive of people to develop resources and use them productively?
Do trade restrictions create jobs? Does trade with low-wage countries depress wage rates in high-wage countries like the United States?
What accounts for the political popularity of trade restraints?
How have open economies performed relative to those that are more closed?
What effects do trade restrictions have on an economy?
Under what conditions can a nation gain from international trade?
How has the volume of international trade changed in recent decades?
Does automation destroy jobs?
What is the source of higher wages? How does the growth of productivity affect wages?
Why are wages higher in the United States than in India or China?
Are earnings differences according to race and gender the result of employment discrimination?
Why do some people earn more than others?
How does the capital market influence growth and prosperity?
When is an investment profitable? How do profitable and unprofitable investments influence the creation of wealth?
Why is the interest rate so important when evaluating costs and revenues across time periods?
What is the interest rate? Why are investors willing to pay interest to get loanable funds?Why are lenders willing to loan funds?
Why do people invest? Why are capital resources often used to produce consumer goods?
What policy alternatives might improve the operation of markets with high barriers to entry?
Will competition keep large rms in check in markets that have high barriers to entry?What problems may arise in such markets?
What is an oligopoly? When are oligopolists likely to collude? Why is it impossible to construct a general theory of output and price for an oligopolist?
What is a monopoly? Does it guarantee the ability to make a pro t?
What are the major barriers to entry that limit competitiveness in some markets?
What determines the market price of a resource? How do resource prices help a society allocate its resources efficiently among competing uses?
How is the quantity supplied of a resource related to its price in the short run? In the long run?
How do business firms decide which resources to employ and the quantity of each that will be used?
Why do business firms demand labor, machines, and other resources? Why is the demand for a productive resource inversely related to its price?
What is demand elasticity? What does it measure? Why is it important?
How do the demand curves of individuals translate into a market demand curve?
How does the law of diminishing marginal utility help explain the law of demand?
What are the fundamental postulates underlying consumer choice?
What are the major factors that would cause the firm’s costs to change?
How will increases in output influence the firm’s costs in the short run? How will costs vary with output in the long run?
How does economic profit differ from accounting profit? Why is this difference important?
What are explicit and implicit costs, and how do they guide the behavior of the firm?
Why are business firms used to organize production? How do market incentives influence the operation of businesses?
Does competition provide an incentive for producers to supply goods that consumers want at a low cost?
What must rms do in order to make pro ts?How do pro ts and losses in uence the supply and market price of a product?
How does time in uence the elasticity of supply?
How do price takers respond to changes in price in the short run? In the long run?
What determines the output of a price taker?
How do rms that are price takers differ from those that are price searchers?
Does successful innovation by some businesses lead to the failure of others?Is this bad?
Why is the role of the entrepreneur left out of economic models? How do the actions of entrepreneurs influence innovation and development of improved products?
Is price discrimination bad?
Why do some economists criticize price-searcher behavior when entry barriers are low, while others like the results?
How will profit and loss influence the choices of price searchers?
What are the characteristics of competitive price-searcher markets? How are price and output determined in such markets?
What is the difference between positive and normative economics?
What is the economic way of thinking? What is different about the way economists look at choices and human decision-making?
How does scarcity differ from poverty? Why does scarcity necessitate rationing and cause competition?
What is scarcity, and why is it important even in relatively wealthy economies?
What are the two major methods of economic organization? How do they differ?
What are the sources of gains from trade? How does trade influence our modern living standards?
What does a production possibilities curve demonstrate?
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