Tag: Economics questions

Compare and contrast surge versus congestion pricing. Provide a specific example of each currently in use.
There are many types of auctions, each with strengths and weakness at uncovering the real price/value of an item. Compare and contrast how each of the following uncovers value and provide a specific example of how each uncovers value:
The English auction and the Dutch auction.
The sealed-bid first-price auction and the Vickery Auction.
Auctions are widely used. Analyze an actual auction employed by each of the following:
A state or federal government or an agency of a state or federal government.
A for-profit business.
For each, explain what type of auction is employed and how the auction solves the problem of finding the best price for the good or service.
Read the Letter from Senator Warren to Fed on Wells Fargo FHC Status [PDF]. (Attached)
Explain how an auction to sell the Wells Fargo consumer-facing banking division might be used to determine the value of the division.
Include a recommendation on what type of auction might be used.

Please answer the following questions:

1) Discuss the circular flow of income in four sector economy.

2) Discuss the expenditure method of measuring national income.

3) What is the difference between GDP and GNP? Is one a better measure of income/output than the other? Why?

4) Explain what happens to consumption, investment, and the interest rate when the government increases taxes.

Select one of the statements below (a-c), state whether you agree or disagree, and defend your position using terminology you have learned from your economics course. There are no right or wrong answers; there are only defended and undefended positions!

a. The federal government should not continue to give stimulus checks to individuals because the government is essentially printing money to fund those payments, which increases inflation and jeopardizes the entire economy.

b. When the value of the American dollar increases with respect to other countries’ currency, most American companies and individuals will benefit.

c. When banks lend money to low-income individuals, they should offer them lower- not higher- interest rates, because the lessee will have a better chance of repaying the loan with the lower rates.

Select one of the statements below (a-c), state whether you agree or disagree, and defend your position using terminology you have learned from your economics course. There are no right or wrong answers; there are only defended and undefended positions!

a. The federal government should not continue to give stimulus checks to individuals because the government is essentially printing money to fund those payments, which increases inflation and jeopardizes the entire economy.

b. When the value of the American dollar increases with respect to other countries’ currency, most American companies and individuals will benefit.

c. When banks lend money to low-income individuals, they should offer them lower- not higher- interest rates, because the lessee will have a better chance of repaying the loan with the lower rates.

Suppose Time Warner could sell Showtime for $9, and History channel for $8, while making Showtime-History bundle available for $13. Should it use mixed bundling. i.e., sells products both separately and as a bundle?

Your answer must include the profit with mixed bundling.

Suppose Time Warner could sell Showtime for $9, and History channel for $8, while making Showtime-History bundle available for $13. Should it use mixed bundling. i.e., sells products both separately and as a bundle?