Describe an important trade-off you recently faced.
Principles of MacroeconomicsIn what sense is economics like a science?
Principles of MacroeconomicsDraw an example of a production possibilities frontier for Robinson Crusoe, a shipwrecked sailor...
Principles of MacroeconomicsWhat is a market?
Principles of MacroeconomicsDefine the price elasticity of demand.
Principles of MacroeconomicsDefine price ceiling and price floor and give an example of each. Which leads to a shortage? Which...
Principles of MacroeconomicsDraw a demand curve for turkey. In your diagram, show a price of turkey and the consumer surplus at...
Principles of MacroeconomicsDraw the supply and demand curves for cookies. If the government imposes a tax on cookies, show...
Principles of MacroeconomicsThe country Autarka does not allow international trade. In Autarka, you can buy a wool suit for 3...
Principles of Macroeconomics