Questions from Macroeconomics

Q: The larger the shortage of students at a university, the greater

The larger the shortage of students at a university, the greater is the freedom that instructors have to teach their courses the way they want to teach them. Do you agree or disagree? Explain your ans...

Q: With respect to the interest rate; (a) What

With respect to the interest rate; (a) What is the liquidity effect? (b) What is the price-level effect? (c) What is the expectations effect?

Q: There is a limit to how many gifts a gift giver will

There is a limit to how many gifts a gift giver will give to a gift recipient. Do you agree or disagree? Explain and diagrammatically represent your answer.

Q: People can pay for good weather, good school districts, and

People can pay for good weather, good school districts, and good views indirectly as opposed to directly. Do you agree or disagree? Explain your answer.

Q: Country A can produce either 10X and 0Y or 0x and 20Y

Country A can produce either 10X and 0Y or 0x and 20Y. Country B can produce either 30X and 0Y or 0X and 40Y. Identify the opportunity cost of producing each good for each country. Identify the compar...

Q: Diagrammatically represent both consumers’ surplus and producers’ surplus.

Diagrammatically represent both consumers’ surplus and producers’ surplus.

Q: Diagrammatically represent the decline in consumers’ surplus due to a tariff.

Diagrammatically represent the decline in consumers’ surplus due to a tariff.

Q: Diagrammatically represent the revenue received due to a tariff.

Diagrammatically represent the revenue received due to a tariff.

Q: What is the infant industry argument for protectionism? How might this

What is the infant industry argument for protectionism? How might this argument be abused?

Q: On the foreign exchange market, the demand for one currency is

On the foreign exchange market, the demand for one currency is closely connected to the supply of another. Do you agree or disagree? Explain.