Economics

Suppose there are two countries in the world, US and Japan. There are Americans

Suppose there are two countries in the world, US and Japan. There are Americans in Japan, and Japanese in the US. Within the US, the market value of all the final goods and servic…

Suppose there are two countries in the world, US and Japan. There are Americans

Suppose there are two countries in the world, US and Japan. There are Americans in Japan, and Japanese in the US. Within the US, the market value of all the final goods and servic…

Suppose there are two countries, Austrailia and Europe. The interest rate in Aus

Suppose there are two countries, Austrailia and Europe. The interest rate in Australia and Europe is originally 3% in each country. The Federal Reserve increases interest rates in…

Suppose there are two countries, Freedonia and Sylvania, which have identical am

Suppose there are two countries, Freedonia and Sylvania, which have identical amounts of resources, identical technologies, and identical populations. Both produce two types of go…

Suppose there are two countries, Freedonia and Sylvania, which have identical am

Suppose there are two countries, Freedonia and Sylvania, which have identical amounts of resources, identical technologies, and identical populations. Both produce two types of go…

Suppose there are two countries, Freedonia and Sylvania, which have identical am

Suppose there are two countries, Freedonia and Sylvania, which have identical amounts of resources, identical technologies, and identical populations. Both produce two types of go…

Suppose there are two countries, Freedonia and Sylvania, which have identical am

Suppose there are two countries, Freedonia and Sylvania, which have identical amounts of resources, identical technologies, and identical populations. Both produce two types of go…

Suppose there are two countries, Freedonia and Sylvania, which have identical am

Suppose there are two countries, Freedonia and Sylvania, which have identical amounts of resources, identical technologies, and identical populations. Both produce two types of go…

Suppose there are two countries, Germany and India, and two goods, bicycles and

Suppose there are two countries, Germany and India, and two goods, bicycles and textiles. Germany has a resource endowment of 42,444,325 units of labor and 8,873,941 million units…

Suppose there are two countries, Germany and India, and two goods, bicycles and

Suppose there are two countries, Germany and India, and two goods, bicycles and textiles. Germany has a resource endowment of 42,444,325 units of labor and 8,873,941 million units…

Suppose there are two countries, Germany and India, and two goods, bicycles and

Suppose there are two countries, Germany and India, and two goods, bicycles and textiles. Germany has a resource endowment of 42,444,325 units of labor and 8,873,941 million units…

Suppose there are two countries, Germany and India, and two goods, bicycles and

Suppose there are two countries, Germany and India, and two goods, bicycles and textiles. Germany has a resource endowment of 42,444,325 units of labor and 8,873,941 million units…

Suppose there are two countries, Germany and India, and two goods, bicycles and

Suppose there are two countries, Germany and India, and two goods, bicycles and textiles. Germany has a resource endowment of 42,444,325 units of labor and 8,873,941 million units…

Suppose there are two factories that are currently emitting some undesirable pol

Suppose there are two factories that are currently emitting some undesirable pollutant into the air. Factory one has marginal abatement cost of MAC1 = 500 - 5e1 and factory two ha…

Suppose there are two factories whose production of electricity results in carbo

Suppose there are two factories whose production of electricity results in carbon emissions. The net marginal private benefit (consumer's benefit less firm's private costs of prod…

Suppose there are two factories whose production of electricity results in carbo

Suppose there are two factories whose production of electricity results in carbon emissions. The net marginal private benefit (consumer's benefit less firm's private costs of prod…

Suppose there are two firms A and B in the market and the market demand is P = 5

Suppose there are two firms A and B in the market and the market demand is P = 50 - Q, where P is the price per unit and Q is the total quantity produced by the two firms (the sum…

Suppose there are two firms in a market who each simultaneously choose a quantit

Suppose there are two firms in a market who each simultaneously choose a quantity. Firm 1’s quantity is q1, and firm 2’s quantity is q2. Therefore the market quantity is Q = q1 + …

Suppose there are two firms in a market who each simultaneously choose a quantit

Suppose there are two firms in a market who each simultaneously choose a quantitiy. Firm 1's quantity is q1, and firm 2's quantity is q2. Therefore the market quantity is Q=q1+q2.…

Suppose there are two firms in a market who each simultaneously choose a quantit

Suppose there are two firms in a market who each simultaneously choose a quantitiy. Firm 1's quantity is q1, and firm 2's quantity is q2. Therefore the market quantity is Q=q1+q2.…

Suppose there are two firms in a market who each simultaneously choose a quantit

Suppose there are two firms in a market who each simultaneously choose a quantity. Firms 1s quantity is q1 and firms 2s is q2. Therefore the market quantity is Q=q1+q2. The market…

Suppose there are two firms in an industry -Alpha and Beta. Each independently c

Suppose there are two firms in an industry -Alpha and Beta. Each independently choses a price for an identical product. The firms choose either a high price or a low price and eac…

Suppose there are two firms producing 6 units of pollution each. The government

Suppose there are two firms producing 6 units of pollution each. The government decides that they want to reduce the total pollution to 6 units, so they issue 3 pollution permits …

Suppose there are two firms, Boors and Cudweiser, each selling identical-tasting

Suppose there are two firms, Boors and Cudweiser, each selling identical-tasting nonalcoholic beer. Consumers of this beer have no brand loyalty so market demand can be expressed …

Suppose there are two firms, Boors and Cudweiser, each selling identical-tasting

Suppose there are two firms, Boors and Cudweiser, each selling identical-tasting nonalcoholic beer. Consumers of this beer have no brand loyalty so market demand can be expressed …

Suppose there are two firms, Boors and Cudweiser, each selling nonalcoholic beer

Suppose there are two firms, Boors and Cudweiser, each selling nonalcoholic beer. Suppose Boors and Cudweiser are not viewed as perfect substitutes but rather demand for Boors is …

Suppose there are two groups of workers. On average, group 1 earns $50,000 per y

Suppose there are two groups of workers. On average, group 1 earns $50,000 per year and group 2 earns $30,000 per year. Suppose that groups 1 and 2 have the same levels of innate …

Suppose there are two groups, a high price group and a low price group. Assume t

Suppose there are two groups, a high price group and a low price group. Assume the monopoly has no fixed costs such that operating with a loss corresponds to operating where reven…

Suppose there are two groups, a high-price group and a low-price group. Assume t

Suppose there are two groups, a high-price group and a low-price group. Assume the monopoly has no fixed costs such that operating with a loss corresponds to operating where reven…

Suppose there are two identical countries (Banana Republic and Apple Republic),

Suppose there are two identical countries (Banana Republic and Apple Republic), except that they have their own specific factors. Both Banana Republic and Apple Republic have labo…

Suppose there are two independent economic factors, M1 and M2. The risk-free rat

Suppose there are two independent economic factors, M1 and M2. The risk-free rate is 5%, and all stocks have independent firm-specific components with a standard deviation of 52%.…

Suppose there are two individuals, Casey and Rick, who live in a very simplified

Suppose there are two individuals, Casey and Rick, who live in a very simplified world where only two are produced and consumed: spaghetti and tomato sauce. The production opportu…

Suppose there are two individuals, Casey and Rick, who live in a very simplified

Suppose there are two individuals, Casey and Rick, who live in a very simplified world where only two goods are produced and consumed: spaghetti and tomato sauce. The production o…

Suppose there are two inputs in the production function, labor and capital, and

Suppose there are two inputs in the production function, labor and capital, and these two inputs are perfect substitues. The existing technology permits one machine to do the work…

Suppose there are two island nations: Micronesia and Macronesia. You advice the

Suppose there are two island nations: Micronesia and Macronesia. You advice the Queen of Macronesia on trade policy. The queen claims that Macronesia has no need for trade with Mi…

Suppose there are two kinds of used cars which exist, good cars worth $20,000 to

Suppose there are two kinds of used cars which exist, good cars worth $20,000 to the seller and $30,000 to the buyer, and bad cars (lemons) worth only $10,000 to the seller and 15…

Suppose there are two parallel highways between two cities with approximately eq

Suppose there are two parallel highways between two cities with approximately equal traffic. What would you expect to happen if the state began charging tolls to drive on one of t…

Suppose there are two people in a society. The federal tax law states that the f

Suppose there are two people in a society. The federal tax law states that the first $20,000 of income is taxed at 10% and income above that is taxed at 30%. The federal governmen…

Suppose there are two people who live next door to each other. One of them (pers

Suppose there are two people who live next door to each other. One of them (person A) has loud parties. Person B dislikes the noise from parties. Person A claims that he has the r…

Suppose there are two policy options facing a vote in the Senate. In the first,

Suppose there are two policy options facing a vote in the Senate. In the first, government spending will increase $50B, while the second option is to cut taxes by $50B. A Keynesia…

Suppose there are two policy options facing a vote in the senate. In the first,

Suppose there are two policy options facing a vote in the senate. In the first, government spending will increase $50 billion, while the second option is to cut taxes by $50 billi…

Suppose there are two possible income distributions in a society of ten people.

Suppose there are two possible income distributions in a society of ten people. In the first distribution, nine people have incomes of $30,000 and one person has an income of $10,…

Suppose there are two potential criminal offenders: Charlie and Dan. Charlie and

Suppose there are two potential criminal offenders: Charlie and Dan. Charlie and Dan have different levels of wealth, but the same opportunity cost of serving prison time. In part…

Suppose there are two similar firms in a market that are strategically interdepe

Suppose there are two similar firms in a market that are strategically interdependent. Firm A and Firm B. Firm A is a larger firm than firm B. Basically each needs to determine wh…

Suppose there are two states that do not trade: Iowa and Nebraska. Each state pr

Suppose there are two states that do not trade: Iowa and Nebraska. Each state produces the same two goods: corn and wheat. For Iowa the opportunity cost of producing 1 bushel of w…

Suppose there are two states that do not trade: Iowa and Nebraska. Each state pr

Suppose there are two states that do not trade: Iowa and Nebraska. Each state produces the same two goods: corn and wheat. For Iowa the opportunity cost of producing 1 bushel of w…

Suppose there are two states that do not trade: Iowa and Nebraska. Each state pr

Suppose there are two states that do not trade: Iowa and Nebraska. Each state produces the same two goods: corn and wheat. For Iowa the opportunity cost of producing 1 bushel of w…

Suppose there are two types of customers for a cell phone service: undergraduate

Suppose there are two types of customers for a cell phone service: undergraduates (U) and grad Students (G). The aggregate (inverse) demand curve for undergraduates is PU = 100 - …

Suppose there are two types of drivers on the road. Speed Racers have a 7% chanc

Suppose there are two types of drivers on the road. Speed Racers have a 7% chance of causing an accident per year, while Low Riders have a 2% chance of causing an accident per yea…

Suppose there are two types of people who need health insurance; high-risk and l

Suppose there are two types of people who need health insurance; high-risk and low-risk consumers. High-risk consumers have a relatively high probability of needing expensive medi…