Describe three kinds of market failure that might be justifications for government intervention in the economy. Explain whether or not an economic model describes reality exactly. Identify and explain the three basic economic questions that must be answered by any economic system. ...
This social science explains the production, consumption, and distribution of products and services in an economy. In situations where the addition of one product causes another to lessen is associated with economics. Macroeconomics and microeconomics are the two branches of ...
[不定项选择题]Explain: "Ms Smith diminishes the national income by marrying her cook", hi what way is this true by definition of GDP Is this one of the problems with the use of GDP as a measure of social welfare 本题来源: 2013年上海金融英语考试模拟卷(2) ...
Economists use models as the primary tool for explaining or making predictions about economic issues and problems. For example, an economist might try to explain what caused the Great Recession in 2008, or she might try to predict how a personal income tax cut would affect automobile purchases. ...
For this reason, considerable effort has been devoted by methodologists, material writers, and teachers in recent decades to the way in which two sets of factors can be combined. One is the basic insight that language use can serve a significant role in promoting learning, and the other is...
Define microeconomics and explain four basic microeconomic problems with examples. What is the definition of marginal utility in economics? Explain welfare economics. Give an example. Explain what consumer welfare in economics means. What does it mean...
The negative electrode is generally made from carbon (graphite) and the electrolyte varies from one type of battery to another—but isn't too important in understanding the basic idea of how the battery works.Photo: A lithium-ion battery, such as this one from a smartphone, is made from a...
Theory and Empirical Analysis K. C. CHAN, SILVER10 FORESI, and LARRY H. P. LANG* ABSTRACT A cash-in-advance model of a monetary economy is used to derive a money-based CAPM (M-CAPM), which allows us to implement tests of asset pricing restrictions without consumption data. A test as...
This introductory chapter outlines the framework of analysis to explain why banking systems have been unstable in Spain, with a particular emphasis on the 2008 banking crisis and the 2012 financial bailout. It applies the framework developed by Calomiris
A significant number of ethnographies, case studies, government reports, and newspaper articles claim that the opening of markets and scaling back of state support that followed the liberalization of the Indian economy in the early-1990s led to an “agrarian crisis” and an increase in farmers’ ...