Recent content by midnite maniac

Between 1968 and 1980, the US economy experienced a slowdown in productivity growth. However, since the mid 1980s, the economy has experienced increases in the growth rate in productivity. Can you give reasons why US productivity growth started to increase during the late 1980s and continued...

It is well recognized that Gross Domestic Product is not an accurate measure of the standard of living or societal welfare. Describe some activities that are not included in GDP measure and how these omissions might impact the measure of economic well-being.

Financial statements are based on generally accepted accounting principles (GAAP) and audited by CPA firm, so do investors need to worry about the validity of those statements? Please explain your answer. Please note: This is NOT a personal finance question of my own...this is a question from...

If an excise tax is imposed on automobiles and collected from consumers _________. a) the demand curve will shift downward by the amount of the tax. b) the supply curve will shift upward by the amount of the tax. c) the equilibrium quantity supplied will increase relative to the pre-tax level...

I have been getting no where in looking these up...I would appreciate it if someone could kindly help me on these 2 problems....Thanks much :) 1. The "quota rent" refers to __________. a) the difference between the demand price and the supply price at the quota limit. b) the rent received by...

I have been getting no where in looking this up...I would appreciate it if someone could kindly help me on this problem....Thanks much :) 1. The "quota rent" refers to __________. a) the difference between the demand price and the supply price at the quota limit. b) the rent received by...

I cannot seem to find the following: 1) Which of the following will NOT cause an increase in demand for good x? a) a decrease in income if good x is an inferior good. b) an increase in income if good x is a normal good. c) a decrease in the price of good x. d) an increase in consumers' taste...

I was wondering since financial statements are based on generally accepted accounting principles (GAAP) and audited by CPA firm, so do investors need to worry about the validity of those statements?? Please explain. Thanks

I am getting really frustrated with these questions because I am getting no where when I look them up, I would appreciate it if someone could please help me out on this...Thanks Everyone! 1) A recent news story reported that OPEC is expected to decrease the supply of oil next summer. Summer is...

In each of the following situations, explain how government intervention could improve society’s welfare by changing people’s incentives. In what sense is the market going wrong? a. Pollution from auto emissions has reached unhealthy levels. b. Everyone in Woodville would be better off if...

In each of the following cases, explain whether you think the situation is efficient or not. If it is not efficient, why not? What actions would make the situation efficient? a. Electricity is included in the rent at your dorm. Some residents in your dorm leave lights, computers, and appliances...