Yearly Archives: 2022

Oil Company X is a large oil refinery which has been expanding and taking on new investment projects. Recently, they have considered building a pipeline that stretches across the United States, from Canada to New Orleans.   You are a member of the Cost Department. At a recent meeting of the board of directors, it […]

 1. Choose an international financial crisis to study. Describe the crisis, the countries affected, the evolution, effects of the crisis, and responses to it. How did the crisis reshape the global economy, or the economy of that region?   2. The financial liberalization of the 1970’s led to immense growth and more effective capital allocation, […]

Question 1. Marc works as a mechanic and he has a hourly wage of $10. He receives this wage up to 40 hours of work per week. His hourly wage doubles for every hours worked in excess of 40. Tom must also pay for his son to attend day care. His day care costs are […]

Please do a one page, double spaced paper on whether you think the US national debt is too high and will cause future problems for the US economy.  Currently the US national debt is $30 trillion.  To put this into perspective, the entire US economy (US Gross Domestic Product) was around $23 trillion in 2021.  […]

Explain what is meant by the “social structure of accumulation (SSA)?” What are the four dimensions of each social structure of accumulation? How does an SSA promote a high rate of profit and capital accumulation? Why does the SSA’s ability to promote a high rate of accumulation eventually diminish? 

A country that does not tax sulfur dioxide (SO2) pollution from electricity generation is considering the introduction of a tax of $3.00 per unit of electricity output. The economic advisors to the country estimate the supply and demand curves for electricity as:   Demand: P = 18-QD,   Supply (or marginal private cost): P = […]

Consider two power plants, A and B, with the marginal costs of emission control (i.e. emission reduction) as shown in the following picture.   In the picture, Plant A’s emission controlled (i.e. emission reduced) is measured from the left-hand side and plant B’s emission controlled is measured from the right-hand side. Suppose plant A generates […]

Suppose two countries are engaged in the following pollution game. In the table below, the first number in each cell represents the payoff to country 1   Country 2     Pollute   Don’t pollute   Country 1   Pollute   2, 2   4, 1   Don’t pollute   1,4   3, 3   […]

Financial System: Saving and Investment: Chapter 13: Suppose the government borrows $20 billion more next year than this year.   a. Use a supply-and-demand diagram to analyze this policy. Does the interest rate rise or fall?   b. What happens to investment, private saving, public saving, and national saving? Compare the size of the changes […]