Macroeconomics Case Studies Is Daylight Saving Time Efficient? Q: Why does inefficiency mean either incurring a higher expense to produce the same number of items or producing fewer items at the same level of expenses? A: Q: Why is it possible that remaining on standard time is not necessarily the next-best alternative to switching to daylight saving time? (nt: Are there alternatives to moving clocks ahead by exactly one hour in the spring?) A: Questioning Chinas Official Real GDP Statistics Q: Why do you think that many observers have argued that the worlds GDP statistics would be more believable if private companied tabulated the data? A: Q: Why do you suppose that the U.S government leaves official determination of business contractions and expansions to a nonprofit organization? A: Pricing the iPad: Learning Lessons from the iPhone Q: By setting the iPads price at half the expected level, did apple signal that it anticipated a price elasticity of demand below or above 1? Explain A: Q: Why is the price elasticity of demand for Apples iPhone greater than the price elasticity of the market demand for all smart cellphones?
