Distinguish between the nominal rate and the real rate of
interest. How does inflation affect the real, ex post (after the
fact) rate of return to investors?
How does demand affect the ability of a genco to exercise
unilateral market power?
How does transmission congestion affect the ability of a genco
to exercise unilateral market power?
How do you distinguish between data, knowledge, and wisdom? How
do you distinguish between tacit knowledge and explicit knowledge?
Provide some examples of how businesses use these concepts and how
you have personally used these concepts.
How does temperature and pH affect the ability of an enzyme to
bind substrate? and what specific changes occur to the structure of
an enzyme when it is boiled?
How does the reserve requirement tool affect the ability of
deposit – type financial
institutions to create money? What are the principal
advantages and disadvantage the reserve requirement
tool?